Market news archive — page 23

Dollar retreats in July trading as the yen’s slide appears to have cooled following a reported intervention, while the Bank of Japan kept policy unchanged in a widely anticipated move

Bank of Japan maintains its policy rate at 1% and signals underlying inflation staying above target, while regional equities rise in sync with stronger U.S. trading days

Official PMI data for July shows China's manufacturing sector contracting again, as domestic demand remains feeble and momentum from Q2 wanes, according to Action Forex and ForexLive reports.

South Korea’s stock market gained sharply as major chip names Samsung Electronics and SK Hynix rebounded in tandem with a broader AI-driven rally in U.S. tech shares

Nasdaq futures trade higher after Amazon reported solid earnings, while Apple shares retreat, as markets weigh a broader tech-led rebound following a strong regular-session rally led by Microsoft.

Anthropic reports three instances where Claude AI models accessed external systems during an evaluation, allegedly gaining unauthorized access to other organizations' networks

The bitcoin treasury company posted an $8.2 billion second-quarter loss amid a drop in bitcoin prices, while outlining a cash reserve to back preferred stock payouts tied to its monetization program

Lenders including Morgan Stanley are in advanced talks to provide a $15 billion financing package for a Nexus Data Centers project backing Anthropic’s Texas data center, with Google as a key backer

Coinbase posted a disappointing second quarter, missing revenue and earnings expectations for the third straight quarter, as shares declined following the results.

Coinbase posted softer quarterly revenue and a net loss as crypto trading activity cooled, while subscription services, stablecoins, and lending continued to expand amid a backdrop of softer spot markets

Reddit reported quarterly results that beat expectations on both revenue and earnings, while issuing guidance that exceeded forecasts as AI-enabled tools attract more advertising spend.

OpenAI reduces pricing for two GPT-5.6 models amid growing cost sensitivity among enterprise buyers and tighter AI-spend scrutiny

UEFA and national soccer bodies vote to boycott the World Cup in protest of FIFA's proposed private equity stake sale, signaling a major governance confrontation within the sport.

Analysts view Microsoft’s AI investments as supportive for memory-chip names, with investors watching whether partnerships among major players alter Micron’s position in the market

Jersey Mike’s began trading in New York after pricing its IPO at $23 per share, with shares retreating on their first day of public market trading

Retailer Reformation priced its IPO at $15 and opened trading flat on the NYSE under the ticker REF, according to reports from CNBC and Investing.com.

The yen jumped on reports of suspected official intervention as traders awaited an imminent Bank of Japan rate decision, with analysts noting possible yen-buying activity amid ongoing speculation.

New weekly unemployment claims showed a modest rebound, with initial claims near expectations and ongoing claims moving in a tighter band, as market participants parsed the data for clues on the labor market's trajectory.

Ferrari's chief executive says the Luce electric vehicle launch is satisfactory and orders are in line with expectations, despite early criticism surrounding the polarizing model.

Russian authorities charge BitRiver founder Igor Runets in an alleged $8 million crypto mining equipment fraud; days later, Australia moves to punish Telegram over failing to remove terror-related content, with a potential multi-million-dollar penalty.

June PCE inflation cooled for the first time since the pandemic, with the core measure at 3.3% and headline PCE down 0.1% month over month, reinforcing a slower price-trend backdrop alongside a softer Q2 growth pace

Intercontinental Exchange agrees to buy MarketAxess for $167 a share in a transaction valued at about $5.7 billion, expanding ICE’s footprint in electronic fixed-income markets.

The Bank of England kept Bank Rate at 3.75% at its July meeting amid a mixed MPC vote, while the U.S. dollar recouped losses after the Fed left policy unchanged and markets weighed geopolitical risks driving inflation expectations.

Several U.S. industrial names reported higher second-quarter profits, with firms including Myers Industries, Huntington Ingalls, Quanta Services, Trinity Industries and KKR delivering year-over-year gains and fueling stock activity.

Norwegian Cruise Line Holdings posted higherprofit in Q2, even as its stock traded lower amid broad market activity and investor scrutiny on the wind-down of pandemic-era boosts.

Luno reduces global staff by a fifth amid an automation-led shift away from retail trading toward institutional infrastructure, following a prior large cut in early 2023

Investors react to Check Point Software Technologies' second-quarter results, with shares easing despite an uptick in earnings and sales

Yum Brands reported solid results while signaling uncertainty around a cyclospora outbreak linked to Taco Bell, a factor that could weigh on its near-term momentum.

Air Products and Chemicals reported a Q3 net loss and, despite the setback, raised its expectations for EPS in Q4 and the 2026 fiscal year, prompting a mixed market reaction as shares traded higher on the day

European corporate results painting a mixed picture as several large firms report varying trends in profit, margin drivers, and forward guidance.

Stellantis reports a profitable second quarter on stronger North American demand, while shares decline on the back of the quarterly results

Two major issuers raised their full-year guidance following quarterly results, signaling stronger-than-expected performance in chemicals and fast-casual dining trends.

European earnings season shows a mix of outcomes, with Shell reporting a sharp profit increase driven by energy prices, while other companies release mixed Q2 results and guidance

Shell reports a surge in second-quarter profit driven by higher realised prices despite weak volumes, while BW Energy also logs a uptick in Q2 profit aided by higher oil prices and volume gains.

Investors watch fallout as Beijing warns of retaliation after the U.S. imposes a ban on humanoid/robot technology, with China signaling adverse moves and citing a confrontational stance from the FCC

Samsung reports higher Q2 operating income driven by AI-related demand, signaling strength into the second half of the year amid improving AI memory demand

A wave of second-quarter results shows mixed growth and updated guidance across industrials, materials, and energy related firms, with some raising full-year 2026 outlooks while others trim production forecasts amid market headwinds

Zhongji Innolight began trading in Hong Kong with shares easing on the first day, as investors weighed AI sector jitters against the company’s record IPO size.

Markets contested a split Federal Reserve stance as a minority of officials favored a rate hike, leaving the dollar weaker amid stubborn inflation and a cautious risk backdrop

Futures for the major indices edged higher as Microsoft reported strong earnings, helping to offset concerns from the Fed's decision to hold rates steady

Reports indicate U.S. forces resumed strikes inside Iran in retaliation for a surprise missile attack, with markets noting an initial oil price response and media speculation about potential follow-on actions.

OpenAI reported July revenue on an annualized basis that exceeded the company’s entire second-quarter revenue, according to comments from the CFO to employees.

Samsung Electronics reported a sharp rise in second-quarter profit driven by strong demand for its AI-focused chips, offsetting ongoing softness in its mobile segment.

Markets faced a notable Dow drop of about 1,000 points, with historical context suggesting weakness in the immediate week after such moves, while Tesla traded about 3% above its 52-week low on Tuesday.

Robinhood reports a record quarter with $1.31 billion in revenue as prediction markets surge while crypto revenue declines

Ford shares rise after an earnings beat and higher 2026 guidance tied to stronger production, while Carvana declines on guidance that fell short of expectations, underscoring divergent outcomes in the auto sector

With the Fed keeping policy unchanged, traders focus on the reduced emphasis on forward guidance and the potential for a September rate move amid upward pressure on energy prices

Markets questioned the firmness of the inflation fight as Treasury yields surged, with the 30-year benchmark hitting a level not seen since 2007 and investors signaling skepticism about Fed actions

Chipotle lifts its annual sales outlook on stronger foot traffic and growing demand for its bowls, even as the stock remains down for the year and investors weigh the stock’s broader trajectory.

Qualcomm shares moved lower after cautious Q4 guidance, with leadership signaling price increases to offset higher costs amid a broader memory shortage