COVID 19 Articles

Treasury Secretary Scott Bessent expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates, though he acknowledged understanding the central bank’s cautious approach.

TSMC reported a 77.4% jump in second-quarter profit and announced an additional $100 billion investment in Arizona, bringing its total state investment to $265 billion.

Despite major Middle East geopolitical tensions and significant oil supply losses, crude prices remain well below their April-May peaks as unexpectedly sharp global demand destruction keeps the market balanced.

AT&T exceeded expectations in its second-quarter earnings, reporting adjusted EPS of $0.65 and free cash flow of $4.7 billion, driven by strong subscriber growth and network expansion.

SpaceX shares have drawn $25 billion in short bets since its June IPO, with short interest reaching 32% of the float ahead of the company’s first earnings report on August 4.

GE Aerospace shares fell nearly 5% following its Q2 2026 earnings beat, marking the third consecutive selloff after positive results, driven by margin compression and elevated valuation expectations rather than operational weakness.

Micron Technology has experienced rapid earnings growth driven by artificial intelligence demand, but trades at a relatively low forward price-to-earnings multiple despite strong profitability metrics, leaving the market uncertain about sustainability.

Major artificial intelligence spenders including Alphabet, Microsoft, and Tesla fell an average of 9% during the week, while their suppliers gained 11% on average, representing a significant shift in market sentiment.

Trucking capacity is shrinking while freight rates remain near record highs, with new federal driver regulations and low Class 8 tractor sales limiting supply as shippers seek to expand volumes.