Tech
Palantir revenue jumps 93% to $1.94 billion
Palantir Technologies (NASDAQ:PLTR) reported Q2 revenue of $1.94 billion, up 93%, as its U.S. business generated $1.57 billion.
News
United States News
Grafa
Breaking News
Vertex hits $3.33 billion as revenue growth accelerates
Vertex Pharmaceuticals (NASDAQ:VRTX) reported Q2 revenue of $3.33 billion, up 12%, as its CF and newer treatments generated growth.
Iran War Risk Still Important in Background, Says Torsten Slok
Torsten Slok, chief economist at Apollo, said that while AI and the Fed may be issues more at the forefront of the economic conversation, risk from the Iran war and its subsequent impact on fuel stores remains an important factor in the background. Slok also commented the possibility that the Fed may have fewer meetings, saying that market will still try to price the Fed regardless of the schedule.
Active ETF, Model Portfolio Growth to Persist: Framsted
Holly Framsted, head of global product strategy and development at Capital Group, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discussed ETF and mutual funds flows as well as allocation shifts within model portfolios.
Insights
The cloud computing race accelerates as AI demand drives Big Tech
- Microsoft (NASDAQ:MSFT) reported fiscal Q4 2026 revenue of $90 billion, up 18% year over year, with cloud growth supporting overall performance.
- The company’s Intelligent Cloud segment generated $39.3 billion in revenue, while Azure and other cloud services revenue increased 43% and surpassed $100 billion in annual revenue.
- Technology companies are increasing cloud and AI investments while managing infrastructure costs, enterprise demand, and competition across digital services.
Aerospace giants navigate demand growth and production pressures
- Boeing (NYSE:BA) reported Q2 2026 revenue of $24.6 billion, up 8% year over year, supported by 171 commercial airplane deliveries.
- The company reported a GAAP loss per share of $0.67 and a core loss per share of $0.76, while total backlog reached a record $715 billion.
- The aerospace sector continues balancing aircraft demand, production execution, supply chain constraints, and profitability across commercial and defense operations.
The fintech ownership battle reshaping digital payments giants
- PayPal Holdings (NASDAQ:PYPL) reportedly received a $60.50-per-share acquisition proposal from Stripe and Advent International, valuing the company above $53 billion.
- PayPal reported Q1 revenue of $8.35 billion and $464 billion in payment volume, while its shares gained 13.3% after the reported offer.
- The wider digital payments sector faces pressure from changing consumer habits, competition, cost controls, and companies investing in new payment infrastructure.
Nike margin rebound puts footwear rivals on notice
- Nike reported Q4 fiscal 2026 revenue of $11 billion, down 1% on a reported basis and down 4% on a currency-neutral basis.
- Gross margin rose 890 basis points to 49.2%, mainly due to an approximately 900 basis point benefit tied to expected IEEPA tariff recovery.
- The main sector issue is whether athletic brands can protect margins while wholesale demand, direct sales, tariffs, and cautious consumers reshape growth.
Economy
Economy
US imposes 12.5% tariff on Australia
The US administration has imposed a 12.5% import tariff on Australian products following a Section 301 trade investigation.
JD Vance joins high‑stakes US–Iran peace push as Hormuz tensions threaten 20% of world oil
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.
US–Iran peace deal hits oil and lifts stocks
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.
Economy
Markets brace for Tuesday deadline as Trump threatens Iranian power grid
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.
