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Federal Reserve Bank of San Francisco President Mary Daly expressed support for the central bank’s decision to hold interest rates steady, citing the need for more data before determining whether inflation represents a temporary or persistent challenge.
Peloton posted its first-ever annual net profit in fiscal 2026 but disappointed investors with a projected sales decline in the coming year, causing shares to drop nearly 13%.
Airbnb’s stock surged 9% after the company reported second-quarter earnings and revenue that exceeded analyst expectations, with strong third-quarter guidance.
Treasury Secretary Bessent expressed confidence inflation will moderate, creating room for rate cuts, while acknowledging the Federal Reserve’s caution regarding the ongoing Iran conflict.
Kraft Heinz beat second-quarter sales estimates and raised its annual forecasts, crediting expanded marketing and innovation spending under new CEO Steve Cahillane’s turnaround strategy.
Private sector hiring in July added 44,000 jobs, falling short of economist expectations of 75,000 and marking the weakest month since January, complicating the Federal Reserve’s policy outlook.
