
The S&P 500's 50% Earnings Boom Comes With A Giant Asterisk
Alphabet posted a 216% EPS beat this season. Then I backed out the $6.26 in unrealized equity gains and got $2.85 against a $2.88 estimate.
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Alphabet posted a 216% EPS beat this season. Then I backed out the $6.26 in unrealized equity gains and got $2.85 against a $2.88 estimate.

Studies showing younger investors believe gambling is a reasonable path to wealth creation, and not all that different from investing, “concerns me deeply,” Liz Ann Sonders said.

Not Every REIT Joined The Recovery: Part 2 focuses on the relatively small group of laggards where company-specific credit, legal, refinancing, or asset-level issues overshadowed an otherwise very strong earnings. Weakness Was More Company-Specific Than Sector-Wide: Empire State Realty's Observatory shortfall, JBG Smith's adverse Wardman Tower ruling, Community Healthcare's dividend cut, and several troubled mortgage portfolios drove some individual downside. Mortgage Stress Hasn't Fully Cleared: Commercial mREIT book values fell nearly 5% on average as office, lab space, and multifamily credit problems persisted for some sponsors.

FOMC minutes are coming out Wednesday. Retail earnings will take center stage this week.

US stock futures are treading water this morning, with traders caught between the Federal Reserve's next move and a fresh batch of retail earnings. Dow futures dipped 0.2%, the S&P 500 nudged up 0.1% after a third straight weekly gain, and the Nasdaq-100 added 0.5%.

Liz Thomas, SoFi head of investment strategy, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, interest rate outlook, and more.

Stock futures are pointing to a mixed open to kick off a busy week of retail earnings reports; investors will get quarterly results from Target, Walmart, Home Depot, Lowe's and others this week; AI-related memory and chip stocks are on the rise this morning; the dollar is trading at its lowest point since early June as investors increasingly bet against a Fed rate hike; and Harvard disclosed a $2.2 billion stake in SpaceX. Here's what you need to know today.

Lebanon saw its deadliest day of fighting in months, heaping pressure on stalled US-Iran negotiations while Washington preps fresh sanctions. Bloomberg's Wendy Benjaminson has the latest.

The memorandum of understanding that the U.S. and Iran signed on June 17 expires Monday. Iran's Foreign Ministry ruled out talks to extend the MoU, according to the state news agency Tasnim.

The company manages around $130 billion and had filed to go public in 2023.

The wealth effect of higher equity prices has enabled U.S. consumers to continue spending even when changes in disposable income suggested recessions might be possible

US equities have demonstrated resilience and strong gains in 2026 despite geopolitical and policy headwinds. I maintain a long position in US assets, recognizing underlying market strength and historical reliability.

The S&P 500 achieved its 27th all-time high, supported by robust Q2 earnings growth of 31% and easing inflation data. Consensus profit growth for the S&P 500 in 2024 has surged to 27%, an unprecedented upgrade outside post-recession recoveries.

What matters in U.S. and global markets today. A relatively quiet week ahead kicks off today in the shadow of the first drop in U.S. retail sales in nine months last Friday, teeing up second-quarter results from Home Depot, Target and Walmart later in the week, another gauge of U.S. consumer spending.

New KPMG data offer glimpse of the future of corporate financial reporting; the DIY M.B.A.: A look at four college dropouts—and leadership lessons they learned.