Latest financial and economic news and analysis
U.S. stocks finished mixed as optimism about the reopening of the Strait of Hormuz was offset by more volatility in artificial-intelligence wagers.
The Dow Jones Industrial Average closed at another record high on Wednesday, outperforming the broader market as gains in Nvidia and strong corporate earnings offset weakness in several major technology stocks. The S&P 500 and Nasdaq Composite ended lower after pulling back from intraday highs, with investors digesting mixed earnings reports and fresh economic data while monitoring developments in the Middle East.
Toast has surged ~50% from YTD lows, prompting a downgrade to neutral as valuation now appears stretched. TOST's Q2 results were strong: 23% y/y revenue growth, 28% subscription growth, and improving gross margins via AI-driven efficiencies. Despite robust ARR and GPV growth, macro headwinds in the restaurant sector and intensifying competition temper forward expectations.
Dexterra Group Inc. (DXT:CA) Q2 2026 Earnings Call Transcript
Moor Insights & Strategy's Patrick Moorhead says that while some investor sre jumping on the AI wave and making quick bets on hyperscalers, firms like Microsoft and Azure are actually generating profits.
The Trump administration will announce as soon as Thursday a 15% tariff and a series of price floors on products made from polysilicon, the key raw material used in solar panels and semiconductors, according to four sources familiar with the matter.
Verano Holdings Corp. (VRNO:CA) Q2 2026 Earnings Call Transcript
FDUS remains a hold as recent price appreciation limits upside, despite strong Q1 results and robust dividend coverage. FDUS's portfolio is well-structured, with a significant first-lien debt focus and resilient software/IT exposure, supported by high switching costs and sponsor backing. NII growth of 22.5%, 151% regular DPS coverage, and minimal non-accruals underscore FDUS's superior performance versus BDC peers.
LATAM Airlines Group S.A. (LTM) Q2 2026 Earnings Call Transcript
Fed Chairman Kevin Warsh has floated the idea of holding fewer policy meetings than the current eight. The plan would further the strategy of reducing the central bank's communications to financial markets, causing some to worry about the chances of heightened volatility.
Stocks and the Cboe Volatility Index move together only about 20% of the time.
Investors are flocking to an ETF that enhances the daily exposure of leading chip stocks. Buyer beware.
Oil traders focus on negotiations between Iran and Oman.
Sprott Inc. (SII:CA) Q2 2026 Earnings Call Transcript
'The Big Money Show' panel analyzes the stock market as Eli Lilly surges on raised guidance and the S&P 500 eyes a record close. The panel also debates SpaceX spending concerns and rising Treasury yields.