Bitcoin fell below $65,000 following the Trump administration's announcement of new tariffs ranging from 10% to 12.5% on imports from 60 major trading partners, covering over 99% of U.S. trade. The tariffs, linked to enforcement against goods made with forced labor, added to existing market pressures from strong U.S. jobless claims data, rising Treasury yields, and geopolitical tensions with Iran. These factors led to increased crypto liquidations, especially among leveraged long traders, with total liquidations reaching about $162 million. The tariffs take effect shortly, adding uncertainty to markets already affected by inflation concerns and interest rate expectations.
Quest Diagnostics reported a 10.2% revenue increase to $3.04 billion in Q2 2026, driven by a 10% rise in organic revenue and a 13.1% volume increase. Adjusted EPS rose to $3.12, beating analyst expectations of $2.83. Due to strong demand and successf...
HSBC initiated a 'Hold' rating on SpaceX (NASDAQ:SPCX) with the stock at $118.24 amid market volatility following its June IPO. The upcoming lock-up expiry on August 4 will increase the public float from 4.9% to about 12%, potentially pressuring the ...
Intel reported strong Q1 results with earnings per share of $0.42, doubling analyst estimates of $0.21, and revenue of $16.13 billion, a 25% increase year-over-year. This marks Intel's fastest revenue growth since 2011, fueled by rising demand in dat...
Charter Communications anticipates a 1.77% decline in Q2 2026 revenue to $13.52 billion, reflecting challenges in broadband, mobile growth, and video customer losses. Despite this, earnings per share (EPS) are projected to increase by 10.78% to $10.1...
Univest Securities, a New York-based investment bank, ranked 5th in the Q2 2026 U.S. PIPE and Private Placement markets by number of transactions, completing 23 deals and raising about $198.1 million. This marks their second consecutive quarter in th...
