Warsh Fed credibility tested after rates stay unchanged
Fed Chair Kevin Warsh held rates steady, but a split vote and higher long-term Treasury yields stirred inflation credibility conce...
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Stocks
Shell Q2 earnings beat estimates as profit more than doubles
Shell reported $9.84 billion in adjusted Q2 earnings, topping forecasts as higher oil and gas prices lifted energy majors.
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Kelly Loeffler disclosure shows husband’s Executive Branch club interest
SBA chief Kelly Loeffler’s filing lists husband Jeffrey Sprecher’s $250,001 to $500,000 interest in Executive Branch LLC.
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Samsung Q2 earnings beat profit estimates as AI chip demand lifts memory
Samsung reported 89.4 trillion won in operating profit, ahead of LSEG estimates, while revenue came in below expectations.
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Oil prices rise as Iran threatens response to U.S. strikes
Brent and WTI climbed Thursday after U.S. strikes on Iran revived supply concerns ahead of an OPEC+ meeting.
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Vertiv stock plunge follows revenue growth miss as CEO cites timing
Vertiv fell 17% after organic revenue growth missed estimates, but CEO Gio Albertazzi told CNBC the issue is temporary.
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OpenAI July revenue run rate topped second-quarter level, CFO told staff
OpenAI CFO Sarah Friar told employees July annualized revenue beat Q2 as the AI company faces Anthropic and IPO pressure.
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US AI exports to Asia face cheaper Chinese model push
Washington is promoting American AI tools across Asia as Chinese firms offer lower-cost models and Beijing courts regional governm...
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Dow 1000 point drop adds to rare streak as Fed and oil worries hit stocks
CNBC data shows the Dow has often slipped in the week after 1,000-point losses, then recovered over one- and three-month periods.
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Chipotle earnings q2 2026: Wall Street looks for sales rebound
Chipotle reports Q2 results after Wednesday’s close, with analysts watching whether traffic and same-store sales are recovering.
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Starbucks earnings outlook puts same-store sales in focus
Starbucks is due to report quarterly results, with LSEG analysts expecting 6% same-store sales growth and $9.16 billion in revenue...
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Fed meeting takeaways: Hold, three dissents and no September signal
The Fed held rates steady, but three dissents and a jump in long-term yields left investors with little clarity on September.
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