Finance

Markets, economy, and industry.

  1. Financial Markets

    Samsung Posts Record Q2 Earnings as AI Memory Chips Drive Profits

    Samsung posted record Q2 revenue and operating profit, driven almost entirely by booming AI memory-chip sales (HBM4) while phones lagged.

    · #samsung #semiconductors #ai #earnings

  2. Industry

    General Dynamics Electric Boat Wins $71.6 Billion in Navy Submarine Contracts

    General Dynamics Electric Boat received $71.6B in awards for 14 submarines — five Columbia-class and nine Virginia-class — supporting shipyard expansion and hiring.

    · $GD #defense #shipbuilding #submarines #general-dynamics

  3. Industry

    FTC, California and Utah Sue Hims & Hers Over Alleged Data Sharing and Deceptive Subscription Practices

    FTC, California and Utah sued telehealth firm Hims & Hers, alleging it shared sensitive health data with Meta and Snap and used deceptive subscription billing.

    · $HIMS #ftc #himsandhers #telehealth #privacy

  4. Economy

    Bank of Canada: Oil-driven lift to inflation seen as temporary; rate held at 2.25%

    BoC says recent oil-driven inflation is temporary and kept the overnight rate at 2.25%, citing softer labour market and underlying price pressures.

    · #bankofcanada #interest-rates #inflation #oil-prices

  5. Financial Markets

    Boeing posts stronger Q2 with record $715 billion backlog but remains unprofitable

    Boeing reported higher Q2 revenue, positive operating and free cash flow and a record $715bn backlog, but still logged a GAAP loss as deliveries ramp.

    · $BA #boeing #earnings #aviation #737max

  6. Industry

    SAG-AFTRA Opposes Paramount Skydance–Warner Bros. Discovery Merger, Backs Antitrust Lawsuits

    SAG-AFTRA voted July 25 to oppose the proposed Paramount Skydance–Warner Bros. Discovery merger and back state and WGA antitrust lawsuits.

    · $WBD $PARA #media #mergers #sagaftra #antitrust #wga

  7. Industry

    Gulf Producers Accelerate Costly Pipelines to Bypass Strait of Hormuz

    Gulf oil exporters are fast-tracking multibillion-dollar pipelines and routes to reroute crude around the Strait of Hormuz after months of shipping disruptions.

    · #gulf #oil #pipelines #hormuz #energy

  8. Industry

    BitMart Begins Orderly Wind-Down of Trading Platform; BMX Plunges About 58%

    BitMart halted new registrations and deposits and set an Aug. 26 deadline to close positions as it begins an orderly wind-down; BMX token plunged about 58%.

    · #crypto #cryptocurrency #bitmart #bmx

  9. Industry

    Warner Bros. Discovery–Paramount Merger Paused Until Court Ruling or June 1, 2027

    California and 11 states secured an agreement keeping Warner Bros. Discovery’s proposed merger with Paramount on hold until a court rules or June 1, 2027.

    · $WBD $PARA #antitrust #merger #entertainment #warnerbros

  10. Financial Markets

    Verizon Posts Record Adjusted EBITDA, Raises 2026 Outlook as Subscribers Grow

    Verizon reported record adjusted EBITDA and stronger subscriber growth, raising its 2026 outlook even as GAAP net income fell on restructuring and asset moves.

    · $V #verizon #earnings #telecom #subscribers

  11. Industry

    Poolin Files Chapter 11 in U.S., Seeks Sale of Two West Texas Bitcoin Mines with $52 Million in Stalking‑Horse Bids

    Poolin filed Chapter 11 in the U.S., seeking court sale of two West Texas bitcoin sites backed by $52M in stalking‑horse bids; wallet IOUs dwarf likely proceeds.

    · #crypto #bankruptcy #bitcoin #mining

  12. Industry

    IEA Analysis: China’s Rare-Earth Export Controls Could Put $6.5 Trillion of Global Manufacturing at Risk

    IEA says full implementation of China’s expanded rare‑earth export controls could put about $6.5 trillion a year of non‑Chinese downstream production at risk.

    · #rareearths #china #supplychains #criticalminerals

  13. Economy

    CBO Projects $33.6 Trillion in Federal Health Insurance Subsidies From 2026–2036

    CBO and JCT estimate federal health-insurance subsidies will total $33.6 trillion from 2026–2036, rising from 7.4% to 8.4% of GDP.

    · #healthcare #medicare #medicaid #budget

  14. Financial Markets

    Deckers First-Quarter Sales Surpass $1 Billion as HOKA, UGG Drive Growth; Company Raises EPS Outlook

    Deckers' Q1 sales topped $1 billion as HOKA and UGG gains offset rising expenses; the company raised fiscal 2027 EPS guidance and continued large buybacks.

    · $DECK #deckers #hoka #ugg #earnings #stockbuybacks

  15. Industry

    EU Clears PIF-Led $55 Billion Acquisition of Electronic Arts, Antitrust Hurdle Removed

    EU regulators cleared the PIF-led $55B takeover of Electronic Arts, lifting a major antitrust obstacle though foreign-subsidy and U.S. reviews remain.

    · $EA #electronicarts #pif #merger #gaming

  16. Financial Markets

    RTX Raises 2026 Outlook After Strong Q2, Backlog Hits $289 Billion

    RTX lifted 2026 sales, profit and free cash-flow guidance after reporting double-digit Q2 growth across aerospace and defense and a $289B backlog.

    · $RTX #rtx #earnings #aerospace #defense

  17. Economy

    ECB holds key rates steady at 2.25%–2.65%, cites energy-price uncertainty

    The ECB kept its three key interest rates unchanged on July 23, citing volatile energy prices and a data‑dependent approach to returning inflation to 2%.

    · #ecb #interest-rates #euro-area #inflation

  18. Industry

    STB Orders Union Pacific, Norfolk Southern to Publicly Disclose Employee-Impact Data in Merger Case

    The Surface Transportation Board ordered Union Pacific and Norfolk Southern to make employee-impact exhibits public, revealing projected job changes ahead of a filing deadline.

    · $UNP $NSC #rail #merger #stb #unionpacific #norfolksouthern

  19. Industry

    Teamsters Reach Agreement in Principle With United for 11,000 Mechanics, But Contract Not Final

    Teamsters announce an agreement in principle with United for more than 11,000 mechanics, including a $54M signing bonus; ratification still required.

    · $UAL #teamsters #unitedairlines #labor #aviation