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Tesla reported weaker-than-expected earnings for the second quarter as free cash flow turned negative and profit margins declined significantly, causing the stock to slide in extended trading.
Southwest Airlines reported second-quarter profit growth but issued a disappointing third-quarter forecast below analyst expectations, citing elevated fuel costs despite recent fare increases.
Mobileye beat second-quarter earnings expectations and raised guidance, but shares fell 15% after founder-CEO Amnon Shashua announced his departure following 27 years leading the autonomous-driving company.
Leslie’s Pool Supply, a 63-year-old chain, closed 80 stores in March and is reportedly exploring Chapter 11 bankruptcy as it grapples with declining consumer discretionary spending in the luxury market.
Brent crude topped $100 per barrel as Houthi attacks on tankers blocked major oil chokepoints, disrupting supplies from the Middle East and Russia while refined fuel shortages persist globally.
Alphabet raised its 2026 capital spending guidance to $195-$205 billion, citing persistent demand for AI services that continues to exceed available computing capacity.
