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Higher gas prices drive members to Costco, which generally has the cheapest gas in most markets. “Clubs like Costco and BJ’s use gas as a ‘loss leader’ to attract new customers and get more foot traffic into their stores,” according to Investing.com. That's the accepted logic for low gas prices — ...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. September E-mini S&P futures (ESU26 ) are up +0.58%, and September E-mini Nasdaq futures...

Ford reported a decline in Q2 U.S. sales as commercial fleet sales pulled back and pickup production struggled to catch up after a fire at a supplier.

Nasdaq is scheduled to report its second-quarter results this month, and analysts expect a double-digit earnings increase.

Investing.com -- Wolfe Research upgraded Chevron to "Outperform" from "Peer Perform," saying a recent pullback in the oil major's shares has created an attractive entry point as improving long-term free cash flow prospects are not fully reflected in the stock price.

Comcast co-CEO Brian Roberts spent his career building an integrated cable giant. To grow, he now plans to split it apart.

Investing.com -- Apple Intelligence features are failing to accelerate iPhone upgrade activity, according to a UBS survey of more than 7,500 smartphone users across five countries, which found declining enthusiasm for AI as a purchasing trigger even as overall purchase intent held up in key Western markets.

July 2 (Reuters) - Lucid Group missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance chief, the latest leadership change at the struggling electric-

(Bloomberg) -- Investors are pulling back from a niche trade in Central American and Caribbean government bonds that delivered some of the best returns in emerging markets in recent years.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksRussia Indicates Ukraine Fired Lon

The EV maker delivered 12,194 vehicles in the second quarter, topping its own forecast of 9,000 to 11,000 units

Verizon Communications is set to announce its second-quarter earnings in July, and Wall Street expects a single-digit rise in its profits.

Tesla car sales rose over the past three months for the second straight quarter in a sign the worst of the damage from boycotts and rivals stealing market share could be behind it. The electric vehicle maker run by Elon Musk reported Thursday that it delivered 480,126 cars, much higher than the 384,122 from a year ago, as Europeans furious at Musk's embrace of far-right political candidates began buying again. Tesla's stock dipped slightly in early morning trading on Thursday.

July 2 (Reuters) - Ford on Thursday reported a 10.3% drop in U.S. sales in the second quarter, as the automaker reeled from lower inventory of its F-150 pickup trucks.

After eight years with Webush securities and 25 years as a top Wall Street technology analyst, Dan Ives announced Thursday plans to move on. Well known as a colorful commentator and a longtime Tesla bull, Ives aims to launch what he described as a "modern merchant bank," aimed at combining research, advisory, capital raising and investing under one roof, the analyst told CNBC. On Tuesday, Ives wrapped up his term at Wedbush by initiating coverage of SpaceX with an outperform rating and $190 price target.

Tesla beat Wall Street expectations for second-quarter deliveries on Thursday, as recovering demand in Europe offset subdued demand in North America ‌and intense competition from Chinese automakers. Analysts on average had expected deliveries of 402,776 vehicles, ​according to Visible Alpha data. The recovery was driven by improving demand in Europe, where Tesla saw ‌a rebound in demand in ⁠several key markets after a sharp slump last year that analysts partly attributed to brand damage from CEO Elon Musk's political ⁠activities.

Investing.com -- Rivian Automotive (NASDAQ:RIVN) shares rose 5% Thursday following the company’s release of second quarter 2026 production and delivery figures and an upward revision to its full-year delivery guidance.

Italy's biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its ‌core IT systems, joining a handful of European banks that have ‌managed to move away from legacy technology. Replacing existing core IT infrastructure, known as ​mainframes, with cloud technology poses a major challenge to traditional banks. Legacy systems, often comprising multiple software stacks accumulated over time due to mergers, put high-street banks at a disadvantage versus cloud-native, challenger banks.

American Express is expected to announce its second-quarter earnings in July, and Wall Street expects the company’s EPS to increase by a single-digit percentage.

The June jobs report delivered two surprises with the unemployment rate unexpectedly falling even as hiring tumbled. Following the data, S&P 500 futures strengthened, while the two-year Treasury yield, which is linked to the Fed interest-rate outlook, climbed as markets digested the implications for future rate hikes. Because the Federal Reserve has stopped providing forward guidance under new Federal Reserve Chairman Kevin Warsh, creating uncertainty about future policy moves, markets could be a bit volatile.

Investors in two of Blue Owl Capital’s flagship private-credit funds asked the firm to return $4.7 billion of their money in the second quarter, a drop from the previous quarter. Withdrawal requests amounted to $3.6 billion, or 19% of shares outstanding, in the firm’s largest private-credit fund. Blue Owl opted to cap redemptions in both funds at 5%, a built-in feature intended to prevent having to liquidate the fund’s hard-to-sell corporate loans to meet withdrawals.

Redemption requests declined from the previous quarter but remained elevated.

Honeywell International will release its second-quarter earnings later this month, and analysts anticipate a double-digit profit dip.

The Dow just closed out its best first half since 2021, up 8.7% year-to-date, yet Wednesday’s open felt like a nervous glance at the door. CNBC’s Dominic Chu kicked off July with mixed earnings, one big M&A shrug, and a jobs report that gave the bulls something to chew on. Chu flagged the labor data. ... The Dow Just Had Its Best First Half Since 2021, but This Jobs Number Is Flashing Yellow

CMA CGM expands North American logistics while FedEx sharpens focus on its core parcel business.

July 2 (Reuters) - European regulators have launched a series of antitrust, privacy and online safety investigations into major technology companies in recent years.

A. O. Smith will release its second-quarter earnings soon, and analysts anticipate a single-digit profit dip.

Dow Inc. will release its second-quarter earnings later this month, and analysts anticipate a robust triple-digit bottom-line growth.

Stock futures picked up steam after the unemployment rate dipped unexpectedly in June. Dow futures rose 0.4%. S&P 500 gained 0.4%. Nasdaq futures rose 0.6%. The U.S. economy added 57,000 nonfarm jobs in June.

West Pharmaceutical Services will release its second-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.

(Bloomberg) -- Rivian Automotive Inc. raised its full-year sales outlook in a promising sign as the maker of electric vehicles begins deliveries of its lower-cost SUV that’s seen as critical to the company’s future. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX