24/7 Wall St.

U.S. business/finance news; center, with no strong partisan slant

Stories

• 5 Gap Inc. Posts 2% Sales Drop and a $417 Million Tariff-Refund Gain, Raises Profit Outlook; Shares Rise About 14%
• 6 Deere Reports $1.379 Billion Third-Quarter Profit, Raises Low End of Fiscal-2026 Guidance to $4.75 Billion
• 6 Ross Stores Reports Q2 Sales Up 13%, Raises Full-Year EPS Outlook to $8.61-$8.77; Quarter Includes $253 Million IEEPA Tariff Refund
• 5 TJX, Target and Lowe's Report Second-Quarter Results; Target Stock Rose 4.3% While TJX and Lowe's Fell
• 7 Bloomberg Reports OpenAI's Annualized Revenue Run Rate Passed $40 Billion; IPO Date Still Unset
• 6 Reddit to Join S&P 500 on Aug. 18, Replacing AvalonBay; Shares Rose About 16% on the News
• 5 Supermicro Guides to $65-$72 Billion in Fiscal 2027 Revenue; Shares Rose 13% on Aug. 12 as Dell and HPE Also Gained
• 5 China's CXMT Debuts in Shanghai; U.S. Memory-Chip Stocks Fall for a Second Day
• 7 Trump Promotes Tariffs at Michigan GM Facility as State Jobs and Business Data Are Disputed
• 8 Fed Meets July 28-29 With Rates at 3.5%-3.75% as Falling Core Inflation and Rising Oil Prices Point Opposite Ways
• 5 AT&T Reports Higher Q2 Profit and Record Fiber Subscriber Additions
• 5 GE Vernova Reports Higher Q2 Revenue and Orders, Raises 2026 Outlook; Profit Comes Below Forecasts
• 6 Netflix Beats Q2 Estimates but Guides Q3 Revenue Below Wall Street Forecasts; Shares Hit 52-Week Low
• 6 ASML Reports €9.3 Billion in Q2 Sales, Raises 2026 Revenue Forecast to €43–45 Billion
• 6 SK Hynix Rises About 13% After Record $26.5 Billion Nasdaq Debut, Extending AI Memory Rally