Latest posts
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GM Raises Full-Year Guidance for the Second Time After a $48 Billion Quarter
Revenue of $48.0 billion and $3.9 billion in adjusted EBIT beat expectations, driven by firm transaction prices, lower warranty costs and narrowing EV losses. But the profit engine is still full-size trucks – in a $90 oil market.
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Chip Stocks Rebound and Lift Wall Street — but the Real Verdict Comes Wednesday Night
The Nasdaq rose 0.9% as semiconductor shares bounced 4% and Asian chipmakers rallied on strong Korean and Taiwanese export data. But Alphabet and Tesla report Wednesday, and the market has already pre-positioned for good news.
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Schwab Beats With $13.08 Trillion in Client Assets — and a Record 11.9 Million Daily Trades
Revenue rose 20.9% to $7.07 billion and adjusted EPS of $1.62 beat consensus. Behind the headline: record trading activity, an 80% jump in wealth-advisory flows, and a 59% rise in portfolio-backed borrowing.
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Schwab’s $13 Trillion Test: Brokerage Earnings Take the Baton as Wall Street’s Busiest Week Begins
Charles Schwab reports second-quarter results with analysts expecting roughly 36% profit growth, record client assets of $13.14 trillion and every word about client cash under scrutiny.
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Oil at a Five-Week High, Stocks on the Back Foot: Wall Street Opens a Make-or-Break Earnings Week Lower
The S&P 500 and Dow slipped as oil settled at its highest close since mid-June, chip stocks failed to rebound and a defining stretch of earnings and central bank decisions began.
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The Trillion-Dollar Chip Reset: How Three Announcements Cracked the AI Trade
The Philadelphia Semiconductor Index has dropped more than 20% from its high, wiping out over a trillion dollars in value. Behind the rout: Meta’s plan to sell surplus computing power, SK Hynix’s memory pivot, and a Broadcom forecast that met expectations when the market demanded more.
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Wall Street Braces for a Defining Week: Alphabet and Tesla Earnings, an ECB Decision and Oil on Edge
Futures point higher as 77 S&P 500 companies prepare to report. Alphabet and Tesla open mega-cap earnings season Wednesday, the ECB decides Thursday, and oil remains volatile as the U.S.-Iran confrontation enters a second week.