Economy
Here are the five big takeaways from this week’s Fed meeting
The Federal Reserve kept interest rates unchanged on Wednesday as expected, but three members of the Federal Open Market Committee voted against the decision,...
Stocks
Carvana posts record quarterly profits, forecasts up to $3 billion in earnings this year
Carvana forecast earnings of between $2.7 billion and $3 billion for 2024 after reporting record second-quarter results. The company posted adjusted EBITDA of $769...
Tech
Reporter asks Trump about Xi’s promise as Iran reportedly receives 400 rocket launchers from China
According to reported information, Iran is set to receive 400 rocket launchers from China, contradicting earlier assurances made by Chinese President Xi Jinping. Former...
XRP
$592 Million Asset Manager Reveals New XRP ETF Position
U.S. asset manager Gerber, based in Ohio and managing $592 million in assets, disclosed in an SEC filing a new position of 12,958 shares...
Markets
Robinhood crushes Q2 earnings expectations while crypto revenue takes a hit
Robinhood reported second quarter earnings that beat consensus expectations with diluted EPS of $0.62 and total net revenue of $1.31 billion, exceeding estimates that...
Tech
Microsoft’s Azure revenue surpasses $100B for the first time, and crypto infrastructure is quietly along for the ride
Microsoft's Azure cloud platform crossed the $100 billion annual revenue mark for the first time, driven by 40% year-over-year growth. The Microsoft Cloud segment...
Stocks
Chipotle hikes same-store sales forecast as diners return for burrito bowls
Chipotle Mexican Grill on Wednesday raised its same-store sales growth forecast for 2026, now projecting a low single digit percentage increase versus its previous...
Markets
Meta’s stock sinks as earnings disappoint and capex guidance balloons to $145 billion
Meta reported Q2 2026 earnings per share of $6.18, badly missing the $7.14 consensus estimate, a shortfall of approximately 13 percent. Quarterly revenue came...