U.S. stock markets surged to their best day in 10 months after President Trump indicated that the military conflict in Iran would not last much longer. Trump stated that U.S. forces were heavily damaging Iran and expected to end their presence soon, which reassured investors amid recent market declines caused by the war. Major indexes like the Nasdaq, Dow Jones, and S&P 500 saw gains between 2.4% and 3.8%, with tech and financial stocks leading the rally. This development could stabilize markets if the conflict de-escalates, though uncertainty remains as Trump continues to pressure Iran and its allies regarding control of the Strait of Hormuz and oil supplies.
Goldman Sachs reported robust Q2 FY2026 results, with net earnings growing at an annualized rate of 38%. The firm raised $31 billion in private credit and saw a 130% year-over-year surge in equity underwriting revenues, driven by major deals and IPO ...
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
Jim Cramer stated that today's stock market is far from the dot-com bubble era, highlighting lower valuations, cooler inflation, and strong corporate earnings as key differences. Despite some speculative stocks like SpaceX, these are outliers and do ...
