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Asia Markets Steady as Oil Holds Gains; Singapore Dollar, Meta, Aurizon in Focus
Asian shares were muted as oil prices held gains on Middle East tensions. Singapore dollar strengthened on robust export data. Meta's cash flow dropped 91% as AI spending surged. Aurizon and others reported results.
SoFi's Deposit Strategy Slashes Interest Costs by $713M
SoFi's deposit funding reduced annualized interest costs by $712.6 million, covering 44.5% of its 2026 EBITDA goal. Q2 results show strong growth despite stock dip.
MasTec Stock Rally Faces Cash Flow Test Despite Record Backlog
MasTec shares jumped 10.9% last week to $297.59, but a negative free cash flow of -$59M raises questions about converting its record $21.4B backlog into cash.
Amazon's July Sales Dip 2.2% as AWS Profits Anchor Amid Prime Day Shift
US nonstore sales dropped 2.2% in July as Prime Day shifted to June, but AWS strength cushions Amazon's profits, with Q3 growth forecast at 10.5%.
Ford Faces $2B Trade Rule Hit, 19% of 2026 Profit Forecast
New North American content rules could cost Ford $2B annually, representing 19% of its 2026 EBIT midpoint. Analysts weigh impact on margins.
Nu Holdings Jumps 9% as Q2 Profit Beats, Margin Outlook Brightens
Nu Holdings (NU) shares jumped 9.3% after Q2 profit beat estimates and risk-adjusted net interest margin rose to 12.4%, boosting market value by $6.3 billion.
American Airlines Stock Slips 7% as Profit Gap with Delta Widens
American Airlines shares dropped 7% to $14.83 after reporting a Q2 adjusted net margin of just 0.59%, far below Delta's 5.81%. New leadership aims to close the gap.
