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By Rae Wee SINGAPORE, July 31 (Reuters) - Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that a recent rout in AI-related

Elon Musk has rejected a Wall Street Journal report claiming Tesla is considering selling or spinning off its China business for a potential merger with SpaceX, labeling the story “fake news.” Tesla’s China unit has also dismissed the claims as false. Ad Ad Elon Musk Calls WSJ Report on Tesla China Unit as “Fake News”

Coinbase reports record Coinbase One subscriptions and expanding revenue streams beyond Bitcoin, while navigating Clarity Act hurdles and intensifying competition.

First Solar Inc (FSLR) reports strong Q2 2026 results with gross margin expansion to 57%, while navigating Section 232 tariff uncertainties and rising input costs.

Cigna Group (NYSE:CI) raised its full-year 2026 adjusted earnings outlook after reporting second-quarter results that management said exceeded expectations in both its Evernorth health services business and Cigna Healthcare insurance segment. The company reported second-quarter total revenue of $71

Core Laboratories (NYSE:CLB) reported second-quarter 2026 revenue of $124.6 million, up more than 2% from the prior quarter but down 4% from a year earlier, as stronger completion-product sales partly offset disruptions to its service business from conflicts in the Middle East and Russia-Ukraine. C

Reddit Inc (RDDT) posts 61% revenue growth and $1M per employee milestone, but navigates search volatility and US DAU declines.

Universal Display Corp (OLED) navigates a challenging Q2 with lower material sales, yet remains optimistic about second-half recovery driven by new product launches and expanding OLED adoption.

Amazon's Q2 2026 results showcase robust growth across all segments, with AWS revenue surging 36.7% and operating income up 43%, despite headwinds from rising costs and capacity constraints.

Apple Inc (AAPL) posts a record June quarter with $109.4 billion in revenue, but faces supply constraints and memory cost inflation that pressure September guidance.

Monolithic Power Systems Inc (MPWR) posts record Q2 revenue of $981 million, up 48% year-over-year, and raises full-year enterprise data growth outlook to 130%.

Rivian beats delivery expectations with R2 launch, posts 27% revenue growth, and raises full-year outlook despite ongoing profitability challenges.

Federal Reserve officials just won't listen to us! We warned them that the economy didn't need the four cuts in the federal funds rate (FFR) at the end of 2024. The Bond Vigilantes agreed with us. Now, we conclude that the Fed has to raise short-term rates to lower long-term rates, writes Ed Yardeni, editor of Yardeni QuickTakes.

Nextpower Inc (NXT) posts record Q1 revenue of $935 million, with backlog surging to $5.5 billion amid aggressive diversification into energy storage and inverters.

Moby summary of Socket Mobile, Inc.'s Q2 2026 earnings call

Moby summary of Reddit, Inc.'s Q2 2026 earnings call

BigBear.ai (NYSE:BBAI) reported second-quarter 2026 revenue growth and a substantial improvement in gross margin, while management said it is pursuing additional contract wins, product deployments and acquisitions to expand its position in defense, security, trade and travel technology markets. Rev

JPMorgan Chase learnt the hard way about the ferocity of the backlash that comes from backing a project football fans see as a threat to the...

Tesla is considering a separation of its China business to pave the way for a potential merger with SpaceX, the Wall Street Journal reported, ‌citing a person familiar with the talks. Reuters was unable to independently verify the report. ‌Tesla and SpaceX did not immediately respond to requests for comment. Tesla's Gigafactory Shanghai began production in October 2019, becoming China's first wholly foreign-owned car plant and symbolising Beijing's opening of its automotive sector.

Moby summary of Coinbase Global, Inc.'s Q2 2026 earnings call

Revenue beat guidance as data center and nuclear demand surge.

First-quarter net profit came in stronger than expected, supported by a rise in earnings from the music and image-sensor businesses.

Moby summary of Dolby Laboratories, Inc.'s Q3 2026 earnings call

Every big vision eventually shows up on a balance sheet. Investors have spent the past year listening to Mark Zuckerberg describe a future in which artificial intelligence (AI) becomes personal, universal, and roughly as ordinary as electricity. The pitch has been consistent. It has also been ...

The Federal Communications Commission’s latest restrictions target emerging Chinese technologies that U.S. officials say could threaten America’s AI infrastructure, critical supply chains and cybersecurity. FCC Moves to Protect US AI Infrastructure On Tuesday, the Donald Trump administration unveiled sweeping restrictions...

Moby summary of PBF Energy Inc.'s Q2 2026 earnings call

Moby summary of Bristol-Myers Squibb Company's Q2 2026 earnings call

Shipbuilding revenue surged 15.7% as the company raised full-year guidance.

Revenue declined to $152M amid cautious customer demand and rising component costs.

Coca-Cola's glass bottle has become one of the most recognizable pieces of packaging in history. PepsiCo has spent decades trying to create a similar connection with consumers. "Every consumer goods company wants to find a unique way to present itself to the public, and this, for us, has been the ...