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Wall Street is taking center stage in financing the AI buildout. On July 28, Meta Platforms, Inc. (NASDAQ: META) and asset manager BlackRock, Inc. (NYSE: BLK) announced a venture to develop and operate a one gigawatt data center campus in El Paso, Texas. The project, costing about $14 billion in development, marks the emergence of […]
Wall Street faces a twin set of risks on Wednesday, tied to Big Tech earnings and a Federal Reserve interest-rate decision, as stocks undergo a rare change of leadership ahead of the summer market doldrums. “The market’s response to both should provide a clearer indication of whether the current rotation continues or begins to develop into broader weakness,” said Zaheer Anwari, co-founder and CEO of the Luxembourg-based Revacy Fund.
Wall Street futures were mostly higher pre-bell Wednesday as the global tech sector sell-off paused,
📣 “So far, I think that all the work around AI has net created a lot of jobs because there’s all this infrastructure that needs to get created...So that concern hasn’t exactly played out the way that people feared it might.
If stock prices are your go-to economic barometer then you could be forgiven for ignoring the original “China Shock” a quarter-century ago. Manufacturing job losses in machinery, textiles, electronics and furniture slammed parts of the U.S. after China joined the World Trade Organization in 2001. There’s even a strong case that China’s industrial rise was a major tailwind for stocks overall.
U. S. stock futures traded close to unchanged on Wednesday as investors prepared for a pivotal session featuring the Federal Reserve’s latest interest rate decision and quarterly earnings from artificial intelligence leaders Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT).
Trader Talk host Kenny Polcari, Robinhood CIO Stephanie Guild, and Payne Capital Management President Ryan Payne break down the market's massive rotation out of big tech, the reality of AI infrastructure spending, and the bold case for an S&P 8,500 melt-up by year-end.
↗️ Ford Motor (F): Despite posting a drop in second-quarter revenue, the automaker boosted its full-year earnings outlook. Shares climbed more than 4% premarket. ↗️ Kering (FR:KER): Shares in Gucci’s parent company jumped more than 11% after revenue rose, signaling a recovery after years of weak demand.
Meta stock has declined for nine consecutive sessions, falling about 13% cumulatively.
SK Hynix reported a record operating profit of 60.54 trillion won (about $41.66 billion) in the second quarter, up 557% from the a year earlier. Its operating margin was 76%, up from 41% a year earlier. Analyst expectations for operating profit were even higher, and the miss fueled investors' concerns that SK Hynix's rival Samsung is pricing its products more aggressively, Jefferies wrote.
Retail sentiment remains ‘bearish’ on SPY and QQQ. Further weakness in QQQ will put it on track for the longest losing streak since August 2025.
By Niket Nishant and Ankur Banerjee July 29 (Reuters) - Global shares struggled to push higher on Wednesday, as modest gains in Europe and the U.S. did little to soothe investors spooked by a
Stocks were on track to open a touch higher Wednesday as investors shrugged off a rally in oil prices ahead of the Federal Reserve’s July interest-rate decision. Dow Jones Industrial Average futures climbed 41 points, or 0.1%. This could be a crucial day for the market, with the Fed set to announce its policy decision and mega-cap tech companies Meta and Microsoft due to report earnings after the closing bell.
Today Federal Reserve meeting: Fed Chairman Kevin Warsh will hold a press conference at 2:30 p.m. ET, following the FOMC interest-rate decision at 2 p.m. Earnings (a.m): Procter & Gamble, Humana, L3Harris, Biogen, General Dynamics, Teva Pharmaceuticals, Airbus Earnings (p.
QQQ rebounded with Wall Street as investors brace for a pivotal Wednesday featuring Big Tech earnings and a Fed rate decision that could drive market volatility.
MOSCOW, July 29 () - Russia's Federal Security Service (FSB) said on Wednesday that it had charged Telegram founder Pavel Durov with facilitating terrorist activities, and that it had issued an international warrant for his arrest. The FSB said that the charges related to Telegram's failure to remove material "used by Ukrainian special services and by terrorist and extremist organisations to prepare and coordinate acts of sabotage and terrorism, mass killings, and cyber-fraud operations wit
The company could prove the doubters wrong if this deal goes through.
The chip maker is acting as a combination of venture capitalist and central bank for the most important AI companies. The rewards outweigh the risks.
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