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Alphabet, Amazon, and Microsoft collectively gained nearly $1.5 trillion in market value this week following strong earnings reports and increased AI spending commitments, while Meta and Apple experienced significant declines.
US stock futures rose modestly amid Middle East tensions and strong earnings reports, with Palantir surging 14% after posting robust commercial revenue growth.
McDonald’s reported mixed second-quarter results as U.S. same-store sales growth slowed to 0.8%, though global performance remained steady and the company promoted a new U.S. division leader.
The yen slipped but retained most gains from last week’s joint U.S.-Japan intervention, trading at 157.8 per dollar while remaining well above July’s 40-year low of 163.99.
South Korean retail investors launched a campaign seeking an extraordinary shareholders’ meeting at Samsung Electronics to push for a $32 billion share buyback and limits on performance bonuses.
Fresenius Medical Care shares fell 8.0% despite beating second-quarter earnings forecasts, as investors focused on declining U.S. patient treatment volumes and unchanged full-year guidance.
