Intel results to test if AI-fueled rally has room to run
Intel reports earnings Thursday amid a stock rally powered by AI demand recovery and turnaround optimism, though broader chip sector weakness poses headwinds.
Oil trades near six-week high as Middle East tensions raise supply concerns
Oil prices climbed to six-week highs on Wednesday as U.S.-Iran military tensions and Middle East shipping disruptions raised concerns about global crude supplies, with Brent crude gaining 3.4% to $94.13 per barrel.
What Bank Earnings Just Revealed About the Health of the American Consumer
Major banks’ second-quarter earnings suggest American consumers remain resilient across income levels, with strong spending and improving credit metrics despite earlier concerns about economic divergence.
AT&T tops targets for wireless subscriber additions as bundle offers gain traction
AT&T added 432,000 net wireless subscribers in the second quarter, surpassing analyst expectations, as bundled mobile and broadband offerings attracted cost-conscious customers.
Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
Treasury Secretary Scott Bessent expressed confidence that inflation will moderate this year, supporting interest rate cuts, but acknowledged the Federal Reserve’s cautious approach until impacts from the Iran war become clearer.
AeroVironment soars 28% on earnings beat, backlog grows to $1.2 billion
AeroVironment stock surged 28% after reporting fourth-quarter earnings that beat analyst expectations, with revenue more than doubling to $642 million and a funded backlog reaching $1.2 billion.