Latest financial and economic news and analysis
Energy Transfer raises its 2026 EBITDA outlook as gas demand, NGL exports and late-year projects build a stronger growth runway into 2027.
Palantir's AIS platform enables sovereign AI adoption, that's when enterprises take full control of their AI adoption, and that's bad news for hyperscalers and OpenAI/Anthropic. Falling token prices due to the sovereign AI adoption support the AI bubble burst thesis.
The Trump administration said it has refunded about $100 billion of the tariff revenue that was collected through President Donald Trump's 2025 "liberation day" duties. The Supreme Court scrapped those IEEPA tariffs, and a federal judge ordered that the money must be refunded.
The S&P 500 Index soared on Tuesday (Aug. 4) to a record high, exceeding the previous peak (set in early June) by a wide margin. Year-to-date, energy is still holding the top spot, based on a set of ETFs through the day's close.
U.S. natural gas futures inched up in early trading.
The Institute for Supply Management's purchasing managers index for services providers was 54.1 in July compared with 54 in June.
Prudential Financial has outperformed, but with shares above my $115 target, I am moving to a 'Hold' rating. PRU's Q2 results were strong: EPS beat by $0.56, net investment income rose 10%, and actuarial assumption updates were favorable. PGIM delivered robust margins and earnings, but persistent passive competition and muted net flows temper long-term optimism.
The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of business and companies responded by keeping a lid on hiring.
Ariana Salvatore, head of US public policy strategy at Morgan Stanley, says a win by progressive Abdul El-Sayed in the Democratic US Senate primary in Michigan “makes it really challenging as a general election seat for Democrats to flip,” and looks at how the US economy plays into the midterm elections. -------- More on Bloomberg Television and Markets Like this video?
Wall Street bonuses are projected to rise 10% to 15% or more for investment and commercial bankers as their results outpace other sectors of finance. Katherine Doherty reports on "Bloomberg Open Interest.
During the quarter, we initiated new Garden positions in Virtu Financial, Murphy USA and USA Rare Earth. In addition to Lattice Semiconductor, Virtu Financial and Murphy USA, we added to our position in SiTime during the quarter. We ended our investment campaigns in Colliers International and Waystar and moved Flex to Harvest during the quarter.
Gartner, Inc. reported Q2 earnings that beat consensus, driving a 23% share price surge despite only modest top-line growth. IT's margin profile improved significantly due to divestitures, higher-margin conference revenue, and cost discipline, with non-GAAP EPS beating by $0.64. Management raised FY26 profitability guidance and expanded share repurchase authorization by $500M, supporting near-term capital returns.
Record back-to-school spending is expected, with higher electronics prices and resilient household demand shaping the retail landscape. A wave of major consumer earnings reports and fresh retail sales data will offer investors key insights into household spending trends.
Heineken N.V. (HEIA:CA) Q2 2026 Earnings Call Transcript
Sagimet Biosciences is a catalyst-driven biotech, with value anchored to the upcoming U.S. Phase 3 denifanstat acne trial. SGMT's recent $175M equity raise extends cash runway through 2028, de-risking near-term financing and supporting Phase 3 execution. The U.S. Phase 3 trial aims to replicate strong China data, targeting best-in-class oral efficacy and safety in moderate-to-severe acne.