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Refiners Can't Deliver Gas Price Relief Trump Wants, Says Stephen Schork
Bloomberg2d agoneutralVIDEO
Refiners Can't Deliver Gas Price Relief Trump Wants, Says Stephen Schork

Stephen Schork, principal and editor at The Schork Group, says refiners have virtually no ability to increase capacity and deliver more gasoline and diesel products and lower costs for consumers. President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. Monday for making too much money as oil prices surged amid the war in Iran.

McDonald's (MCD) Q2 Earnings Surpass Estimates
Zacks2d agoneutral
McDonald's (MCD) Q2 Earnings Surpass Estimates

McDonald's (MCD) delivered earnings and revenue surprises of +1.81% and -0.51%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Payments firm FIS shares slide after outlook cut
Reuters2d agoneutral
Payments firm FIS shares slide after outlook cut

Banking and payments processing firm Fidelity National Information Services ‌cut its annual revenue and profit ‌forecasts on Tuesday, amid economic uncertainty, sending its ​shares down more than 10% in premarket trading. Here are some details: • Economic uncertainty linked to the Iran war and U.S. trade ‌policy have ⁠prompted some institutions and retailers to remain cautious on technology spending, ⁠weighing on demand for certain banking and capital-markets products. The Jacksonville, Florida-based company ​lowered its ​2026 adjusted earnings ​forecast to $6.15-$6.24 per ‌share from $6.22-$6.32 previously.

Bloomberg2d agoneutral
Aramco Sees Oil Refineries Running Flat Out as Buffers Run Thin

(Bloomberg) -- Refineries outside of conflict zones are running at full tilt across the world and there are few shock absorbers left in the system to protect against higher fuel prices, the world’s biggest oil company Saudi Aramco said.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advising NYC’s Mayor’s

Merck Shares Advance After Strong Second-Quarter Earnings and Higher Revenue Outlook
InvestorsHub2d agoneutral
Merck Shares Advance After Strong Second-Quarter Earnings and Higher Revenue Outlook

Merck (NYSE:MRK) shares moved higher in pre-market trading after the pharmaceutical company reported second-quarter 2026 results that exceeded Wall Street expectations and raised its full-year revenue guidance. Although Merck reduced its adjusted earnings outlook to reflect acquisition-related charges, investors welcomed the stronger-than-expected quarterly performance and improved sales forecast.

Bloomberg2d agoneutral
Polymarket Seeks More Than $20 Billion Valuation in Funding Round

(Bloomberg) -- Polymarket is seeking to raise capital at a valuation of more than $20 billion, months after it closed an earlier round with new investment from hedge fund D.E. Shaw & Co.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundChina’s AI Blitz Creates ‘Death Zone’ for Riv

Block’s (XYZ) AI Reset Signals New Earnings Phase
Insider Monkey2d agoneutral
Block’s (XYZ) AI Reset Signals New Earnings Phase

Third Point Management, a New York-based investment advisor, released its second-quarter 2026 investor letter. A copy is available to download here. Third Point’s flagship Offshore Fund returned 7.7% in Q2 2026, outperforming the hedge fund index but trailing broader equity benchmarks. Second Quarter returns benefited from strong performance in semiconductors, memory, semiconductor equipment, power infrastructure, […]

SpaceX's first earnings, AMD Q2 results, JOLTS data: What to Watch
Yahoo Finance Video2d agoneutralVIDEO
SpaceX's first earnings, AMD Q2 results, JOLTS data: What to Watch

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come on Tuesday, August 4, including SpaceX's (SPCX) first-ever earnings report, while Advanced Micro Devices (AMD) also releases quarterly earnings, and fresh employment data comes out in the form of the Job Openings and Labor Turnover Survey (JOLTS).

Bloomberg2d agoneutral
Anthropic Inks $10 Billion Computing Deal With New Cloud Startup

(Bloomberg) -- Anthropic PBC has struck a $10 billion deal for computing capacity from a months-old infrastructure startup, according to people familiar with the matter, marking the Claude maker’s latest effort to keep pace with demand for its products. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advi