The University of Michigan's final July sentiment index increased to 55.2 this month, according to the survey released Friday. That's an improvement from the preliminary estimate of 54.4. Michael McKee reports on "Bloomberg Open Interest."
A heavily leveraged AI hedge fund unraveled after volatile stocks triggered margin calls and a frantic asset sale. Bloomberg's Hema Parmar joined Bloomberg Open Interest to explain how Situational Awareness scrambled for buyers before Ken Griffin's Citadel stepped in.
Assets at Leopold Aschenbrenner's hedge fund Situational Awareness have slumped to about $10 billion after Ken Griffin's Citadel stepped in to buy the bulk of its public stock bets. Hema Parmar has more on "Bloomberg Open Interest."
AbbVie (NYSE:ABBV) reported second-quarter 2026 revenue of $16.99 billion, up 10% year over year, with adjusted earnings per share of $3.65, exceeding analyst expectations of $3.60.
The US administration has imposed a 12.5% import tariff on Australian products following a Section 301 trade investigation.
JD Vance has flown into Switzerland to join Donald Trump’s envoys in 60‑day roadmap talks with Iran, after Pakistan and Qatar said negotiations were making “positive progress” on nukes and sanctions.
A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.
Global financial markets entered a state of high-alert Monday morning as President Donald Trump issued a final, televised ultimatum to Tehran, threatening the total destruction of Iran’s industrial infrastructure if the Strait of Hormuz is not reopened by Tuesday evening.
Two Federal Reserve officials who dissented against this week's decision to hold interest rates steady warned that waiting too long to act against inflation could risk the need for even more aggressive policy later. Cleveland Fed President Beth Hammack and Minneapolis Fed President Neel Kashkari pointed to the various supply shocks helping drive up inflation right now. Bloomberg's Michael McKee breaks down the situation.
ExxonMobil (NYSE:XOM) announced its second-quarter 2026 financial results, posting a net income of $14.5 billion, or $3.48 per share, as geopolitical disruptions drove oil prices higher.
Chevron (NYSE:CVX) reported second-quarter 2026 earnings of $12.1 billion, or $6.11 per diluted share, supported by higher production, commodity prices and refined product margins.
Colgate-Palmolive (NYSE:CL) reported net sales increased 4.9% year over year, with organic sales growth of 2.4% during the period.
Magna (NYSE:MGA) reported second-quarter 2026 sales of $11 billion, up 3% year over year, outperforming a 2% decline in global light vehicle production.
Apple (NASDAQ:AAPL) shares fell 7.3% before the market open on Friday after the company warned that supply constraints could limit growth, raising concerns about future product availability.
Moderna (NASDAQ:MRNA) reported second-quarter 2026 revenue of $145 million, representing a slight increase from the $142 million recorded in the same period last year.
AutoNation (NYSE:AN) reported second-quarter 2026 revenue of $6.9 billion, down 1% year over year, while adjusted earnings per share increased to $5.56 from $5.46.
Newell Brands (NASDAQ:NWL) reported second-quarter 2026 net sales of $2 billion, up 3% year over year, as core sales increased 2.3% and profitability improved.
Lear (NYSE:LEA) reported second-quarter 2026 revenue of $6.2 billion, up 3% year over year, while global vehicle production remained roughly flat on a Lear sales-weighted basis.
