Latest financial and economic news and analysis
Palo Alto Network (NASDQ:PANW) is pacing for its fourth-straight win, last seen up 4.1% at $361.35 and nearing the site of its mid-July record highs.
July 2026 flipped the recent script for commodities, which jumped +12.03% for the month after two straight declines. Managed Futures were the standout mover behind them, gaining +3.77% in July — their strongest month since January.
Oil markets are losing ground as traders prepare for the potential reopening of the Strait of Hormuz.
Snap, Inc. delivered 18.5% revenue growth in Q2'26, beating expectations while refocusing on free cash flow and monetization. SNAP's subscription revenues surged 85% YoY, reaching a $1.26 billion annual run rate with over 25 million subscribers and new premium features planned. Q3 guidance calls for revenue of $1.70–$1.74 billion and nearly 100% YoY adjusted EBITDA growth, driven by cost reductions and operating leverage.
Palantir was trading down 29% on the year into Monday's close (35% below its all-time highs), just prior to the earnings release. And now we know the company grew faster in the recent quarter, became a more profitable business, and raised the outlook.
The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making "too much money."
Jefferies has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp are not genuine, Bloomberg News reported on Tuesday.
Palantir Technologies Inc. delivered exceptional Q2 results, driving IGV and software sector outperformance with 93% YoY revenue growth and robust forward guidance. iShares Expanded Tech-Software Sector ETF's resilience is supported by strong earnings from Microsoft, ServiceNow, and cybersecurity leaders like Fortinet, validating the sector's recovery from April lows.
Strong earnings from the biggest technology companies and improving AI spending trends could help drive another leg higher for Big Tech stocks, according to Société Générale.
ET's second-quarter earnings beat estimates as record NGL volumes and stronger crude activity drive growth, prompting a higher 2026 EBITDA outlook.
The CNBC Business News Update with Jessica Ettinger features market numbers & news with CNBC expert analysis and sound from top business names. Updated throughout the business day.
Revolut co-founder Nik Storonsky allegedly went behind his yacht broker's back to avoid paying around $20 million in commission.
Japan's historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as a key test for the rally's staying power. The level carries significance far beyond standard technicals.
Goldman Sachs Chief APAC Regional Equity Strategist Timothy Moe discusses Japan's macroeconomic environment following recent currency market intervention, warning that Japanese stocks risk a tactical pullback. However, he notes corporate earnings will likely remain intact and maintains a bullish view on structural market fundamentals.
The joint US-Japanese intervention has shifted market focus to whether the Yen can strengthen beyond 155 per dollar, a threshold seen as a key test for the rally's staying power. Mathieu Savary, Chief Strategist & Head of FICC at BCA Research spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the FX action.
