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Nokia Faces Steep Profit Climb as Ericsson Flags AI-Driven Cost Pressures
Nokia shares fell 2.5% after Ericsson flagged AI-driven cost inflation. With 72.4% of Nokia's 2026 profit expected in H2, investors are focused on margins.
United's Table-Seat Experiment: Four Seats Must Earn 50% More
United Airlines is testing a shared-table row on its A321XLR jets, blocking two middle seats. The four remaining seats must generate 50% more revenue to match a standard row.
Nasdaq Futures Surge on Soft CPI, but Energy Drop Masks Underlying Inflation
Nasdaq futures rose 1.38% after June CPI fell 0.4%, the largest monthly drop since April 2020, but energy contributed most of the decline. IBM shares tumbled 22% on disappointing preliminary Q2 revenue.
Goldman Sachs Q2 Earnings Beat Sends P/E Lower, Premium on Book Value Widens
Goldman Sachs posted record Q2 earnings, with EPS of $20.98, beating estimates by 45%. The trailing P/E fell to 16.8, but the stock's premium to tangible book value expanded.
Wells Fargo Q2 Beats Estimates as Corporate and Investment Banking Drive Growth
Wells Fargo (WFC) reported Q2 earnings of $2.00 per share, beating estimates. Revenue rose 9% to $22.6B, driven by corporate and investment banking.
Student Loan Repayment Cliff Looms for 1.5 Million as SAVE Exit Wave Hits 2028
About 1 million borrowers have left the SAVE program, but 20% picked plans that end in 2028, hinting at another repayment crunch for up to 1.5 million.
IBM's Q2 Miss Highlights Cost of AI Hardware Surge
IBM's Q2 preliminary results missed forecasts, with revenue of $17.2 billion and adjusted EPS of $2.93 falling short, as AI hardware demand diverted spending from software.
Bank of America Q2 Earnings: Market-Linked Units Fuel 63% of Revenue Surge
Bank of America's Q2 profit jumped 27%, but 63% of revenue growth came from market-sensitive businesses, raising questions about sustainability.
Mexican Peso Holds Near 17.50 as Oil Plunge Precedes US CPI Data
The Mexican peso trades near 17.50 per dollar as Brent crude slides nearly 14% ahead of US CPI data. Wide yield spreads support the currency, but risks from geopolitical tensions and US rate expectations remain.