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Carvana’s stock fell over 10% after reporting full-year earnings guidance between $2.7 billion and $3 billion, missing some analyst expectations that ranged up to $4.45 billion.
J.P. Morgan shifted to a hawkish rate forecast after Fed Chair Kevin Warsh offered ambiguous guidance on inflation strategy, raising concerns about policy clarity and triggering bond selloffs.
Inflation driven by geopolitical conflicts, supply chain disruptions, and tariff policies has pushed U.S. inflation well above target levels, creating headwinds for stock market performance.
The U.S. Treasury bought yen to support the Japanese currency, marking the first joint intervention with Tokyo in over a decade as the yen hit 40-year lows.
Jersey Mike’s went public on July 30 at a roughly $7 billion valuation, with Blackstone offering eligible corporate employees bonuses ranging from 0-200% of compensation from IPO proceeds.
Ford raised its 2026 earnings guidance after beating second-quarter expectations, citing operational improvements and strong vehicle pricing. The company’s shares rose nearly 7% in after-hours trading.
