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Bloomberg23d agoneutral
Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks

(Bloomberg) -- The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from Alphabet Inc. and Tesla Inc. are casting doubt on the durability of the artificial intelligence trade that has powered the stock market for more than three years.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of

Lockheed Martin, RTX lift 2026 forecasts as Pentagon looks to restock weapons
Reuters23d agoneutral
Lockheed Martin, RTX lift 2026 forecasts as Pentagon looks to restock weapons

WASHINGTON, July 23 (Reuters) - The world's two biggest defense contractors, Lockheed Martin and RTX, said on Thursday they expect strong profits going forward because a wave of global conflicts from Iran to Ukraine has depleted Pentagon ‌stockpiles that will need replenishing. Investors cheered the news, pushing shares of Lockheed up 10.

The Magnificent Seven Are Tumbling
The Wall Street Journal23d agoneutral
The Magnificent Seven Are Tumbling

$888.2 billion That's how much the Mag Seven tech stocks have collectively lost in market value today, as of midday trading. It's the biggest one-day market cap decline for those names since the tariff turmoil of April 2025.

Morgan Stanley doubles down on Schwab after earnings
TheStreet23d agoneutral
Morgan Stanley doubles down on Schwab after earnings

Charles Schwab just delivered one of its strongest quarters on record, and the stock still dropped. That disconnect caught Morgan Stanley's attention, prompting the firm to double down on its bullish stance. Schwab reported second-quarter adjusted earnings of $1.62 per share on record revenue of ...

Lilly Stock Is Rising on Plan to Seek Approval for Newest Weight-Loss Drug in 2027
Barrons.com23d agoneutral
Lilly Stock Is Rising on Plan to Seek Approval for Newest Weight-Loss Drug in 2027

Drugmaker Eli Lilly said Thursday that it is on track to seek federal approval for its next-generation obesity drug early next year. Lilly became the first drug company to reach a trillion dollar valuation last fall as sales of its weight loss drugs took off. Among adults with general obesity, the weekly injectable lowered the weight of late-stage trial participants by an average of 28% over 80 weeks at the highest doses tested.

CVS Group Q4 Earnings Call Highlights
MarketBeat23d agoneutral
CVS Group Q4 Earnings Call Highlights

CVS Group (LON:CVSG) said revenue for the financial year ended June 30 exceeded GBP 710 million, up 5.9% from the prior year, as the veterinary services provider used an investor presentation to reiterate its capital allocation policy and outline expected returns from acquisitions and capital invest

General Motors analyst sets new stock price target after earnings
TheStreet23d agoneutral
General Motors analyst sets new stock price target after earnings

General Motors shares are on a heater this week after the automaker reported second-quarter results ahead of expectations and raised its full-year guidance. Despite formidable headwinds, including tariffs and rising gas prices, GM reported a 30% increase in profits year over year. GM's ...

Investing.com23d agoneutral
Did Google and Tesla just break AI trade’s bull case?

Investing.com -- Alphabet burned $5.9 billion in free cash flow in the second quarter of 2026—its first cash burn on record. Tesla burned another $1.1 billion. Together, the two reports have crystallized a fear that has been building all year: Big Tech's AI infrastructure build-out is consuming capital faster than it can generate returns.