Finance
10% Global Tariff Set to Expire by Law July 24 as Appeals Court Keeps It in Force Pending Ruling
A blanket 10% U.S. import tariff imposed under Section 122 of the Trade Act of 1974 is scheduled to lapse automatically on July 24, 2026, even as a trade court's ruling that it is unlawful remains stayed on appeal.
Tesla and Alphabet Report Earnings This Week as Investors Weigh Payoff From Record AI Spending
Both companies report during the July 20 trading week, days after a semiconductor selloff, with capital-spending guidance the metric markets say they are watching most.
Senate Crypto Market-Structure Bill Released in Revised Form With No Democratic Backing Ahead of August Recess
A merged Senate draft of the CLARITY Act, combining Banking and Agriculture Committee text, surfaced in mid-July without the ethics provision Democrats are demanding; a July 16-17 White House meeting with Trump aimed at resolving the impasse did not produce revised text, and the bill still lacks the Democratic votes it needs to reach 60, with disputes over ethics rules, developer protections and stablecoin yield unresolved.
U.S. Refunds $86 Billion of Struck-Down Tariffs as Legal Fight Over the Rest Continues
After the Supreme Court ruled the IEEPA tariffs illegal, Customs and Border Protection has repaid $86.3 billion of about $166 billion collected, with June's payout swelling the monthly deficit.
SpaceX Shares Close at Record Low, Below June IPO Price, After Six-Day Slide
Shares of the newly public rocket-and-AI company have fallen about 45% from their post-listing peak amid concerns over losses in its AI unit, a Starship launch abort, and looming lockup expirations.
China's Q2 2026 GDP Growth Slows to 4.3%, Below Official Target, as Exports Hit Multiyear High
China's second-quarter growth came in under Beijing's own 4.5%-5% target range even as June exports surged on chips, cars and rare earths, deepening a split between strong external trade and weak spending at home.
Netflix Beats Q2 Estimates but Guides Q3 Revenue Below Wall Street Forecasts; Shares Hit 52-Week Low
Netflix's third-quarter revenue outlook came in modestly under analyst expectations, driving a sharp stock decline and reviving debate over whether the company's growth is maturing or genuinely stalling.
University of Michigan's July Preliminary Sentiment Rises as Gas Prices Ease; Year-Ahead Inflation Expectations Stay Elevated
The Surveys of Consumers reported an early-July improvement in mood tied to a mid-June easing in fuel prices, even as consumers' expected inflation stayed well above pre-conflict levels and Iran-related oil risks returned.
Truist, Fifth Third and Travelers Report Second-Quarter 2026 Results
Two regional lenders and a large property-casualty insurer posted Friday results, giving investors a read on loan growth, credit costs and underwriting margins beyond this week's big-bank reports.
June Producer Prices Fall 0.3% and Retail Sales Rise as Investors and Fed Weigh Rate Path
Wholesale prices dropped in June on cheaper gasoline while consumer spending held up, but annual inflation stayed elevated and a new, hawkish Fed leadership left the direction of interest rates in genuine dispute.
Netflix Reports Second-Quarter 2026 Results Amid Debate Over Advertising Growth Versus Viewer Engagement
Netflix released second-quarter 2026 results on July 16 after a roughly 40% one-year stock decline, with analysts split over whether a fast-scaling ad business or a plateau in U.S. viewing is the more important trend.
UnitedHealth Beats Q2 Estimates and Raises 2026 Profit Outlook as Medical-Cost Controls Take Hold
The largest U.S. health insurer reported sharply higher operating profit and lifted full-year guidance, extending a recovery that follows a 2025 marked by falling profit, a federal probe, and cost-cutting.