United StatesBreaking News

Boeing (NYSE:BA) delivered 171 commercial aircraft in 2Q26, led by 129 737s, bringing its first-half total to 314 units.

Federal Reserve Chairman Kevin Warsh says the recent CPI data doesn't make him think it's "mission accomplished" or "everything is swell" during testimony before the House Financial Services Committee.

"We want to be in a position where we're not bailing out anybody, including crypto," Federal Reserve Chairman Kevin Warsh says during testimony before the House Financial Services Committee.

Federal Reserve Chairman Kevin Warsh gives his opening remarks before questioning from members of the House Financial Services Committee.

Federal Reserve Chairman Kevin Warsh honors the central bank's independence when asked by US Representative Nydia M. Velázquez (D-NY) if he works for President Donald Trump during testimony at the House Financial Services Committee.

Three Chinese firms received U.S. approval to purchase advanced AI chips from Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), expanding the licensed customer group.

International Business Machines Corp. shares slid by the most in at least 58 years after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers shifting their spending to chips and servers amid AI-fueled shortages.  Anurag Rana, Bloomberg Intelligence Senior Tech Analyst, discusses the miss and what it means for IBM as well as the broader tech sector.

Baird Senior Research Analyst David George joined Bloomberg Open Interest to explain why stellar bank earnings aren't translating into stock gains. He says investors are facing a "buy the rumor, sell the news" moment as expectations reached extreme levels, while emphasizing that banks are far safer than before the financial crisis and that the US consumer remains resilient despite broader economic concerns.

Baird Senior Research Analyst David George joined Bloomberg Open Interest to explain why stellar bank earnings aren't translating into stock gains. He says investors are facing a "buy the rumor, sell the news" moment as expectations reached extreme levels, while emphasizing that banks are far safer than before the financial crisis and that the US consumer remains resilient despite broader economic concerns.

Federal Reserve Chairman Kevin Warsh said policymakers at the central bank have no tolerance for high inflation during remarks to the House Financial Services Committee.

US consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates. Frances Donald, Chief Economist at RBC Capital Markets, reacts to June CPI.

On this episode of Stock Movers: - IBM (IBM) shares are plummeting after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. - Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC) all reported early this morning. Wells Fargo reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking. JPMorgan soared past all estimates on equities trading, but missed on FICC sales and trading revenue. Bank of America net interest income met estimates. Shares have oscillated in early trading. - Apple (AAPL) shares are falling after being cut to underweight from sector weight at KeyBanc, which expects weaker device demand and service revenue growth in the US, a dynamic that makes the stock look unfavorable due to its high valuations.