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Central bank holds rates even as investors worry Iran war will ignite jolt of price growth
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Microsoft Corp (MSFT) (Q4 2026) Earnings Call Highlights: Record Revenue Surpasses $331 ... Yahoo FinanceMicrosoft jumps 8% as it boosts capital spending plans, citing demand CNBCMicrosoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion WSJMicrosoft Increases Spending on A.I. as Profit Jumps 31% The New York Times
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Eli Lilly, AbbVie and Danaher Corporation are among the bank's top picks for stocks in the sector.
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Middle East crisis live: Jordan says it foiled Iranian missile attack as US launches ‘heavy' strikes on Iran after pause The GuardianLive updates: US renews strikes on Iran as widening war pulls in more countries CNNUS military says it hit dozens of Iran's IRGC targets ReutersU.S. strikes Iran after surprise missile attack, dashing hopes of de-escalation CNBC
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Passan: Tigers are going to trade Tarik Skubal NBC SportsWho has the package to tempt Tigers for Skubal? MLB.comDodgers expect Ohtani to rejoin rotation, still will check on Skubal ESPNAs Tigers slide, multiple teams expected to start calling about Skubal: Sources The New York TimesCubs Considering Tarik Skubal MLB Trade Rumors
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US-Iran conflict enters new phase as Saudi Arabia helps hit proxies and diplomacy stalls again AP NewsSaudi Arabia's Strikes in Iraq Mark Entry Into U.S.-Iran War. The New York TimesSaudi defense minister holds urgent meeting with Trump after Iraq strikes AxiosIran resumes missile attacks as U.S. and Saudis strike Tehran-backed militias in Iraq NPRSaudi Arabia is getting dragged into a war it has tried desperately to avoid CNN
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George and Amal Clooney evacuate France home as wildfires spread across Europe Fox NewsGeorge and Amal Clooney Forced to Evacuate Home in France as Wildfires Burn People.comGeorge and Amal Clooney forced to evacuate French home amid wildfires YahooGeorge Clooney and Amal Clooney Evacuate Home in France Due to Wildfires E! News
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A divided Fed holds interest rates steady despite stubborn inflation The Washington PostAnalysis: Fed Chairman Warsh's credibility in question after leaving interest rates unchanged CNBCTranscript: Fed holds rates as inflation fears grow Financial Times
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Sen. Paul says there's a "very real chance" Fauci could be prosecuted after taking the 5th in Senate hearing CBS NewsOpinion | What We Really Learned From the Fauci Hearing The New York TimesFauci's refusals put spotlight on ‘pleading the Fifth' right in US South China Morning PostWhat Anthony Fauci Didn't Say The AtlanticRand Paul threatens to hold
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Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at cloud business FortuneMeta's stock drops on disappointing guidance, dwindling free cash flow CNBCMeta's free cash flow decline underscores soaring cost of AI race (META:NASDAQ) Seeking AlphaMeta Reports Second Quarter 2026 Results Meta Investor Relations
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Wall Street closes down sharply after Fed holds rates unchanged ReutersDow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates CNBCU.S. Stocks Slide After Fed Pause, Escalation in Iran War WSJStock market today: Dow plunges by 1,100 points, S&P 500 and Nasdaq sink as yields rise on Fed's hawkish hold Yahoo Finance
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Gundlach said the divergent moves across the Treasury curve showed investors' skepticism that the Fed will ultimately follow through.
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Microsoft outlines Q1 revenue of $89.85B-$90.95B while forecasting ~45% Azure growth (NASDAQ:MSFT) Seeking AlphaMicrosoft jumps 8% as it boosts capital spending plans, citing demand CNBCMicrosoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion wsj.comMicrosoft Increases Spending on A.I. as Profit Jumps 31% The New York Times
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Microsoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion wsj.comMicrosoft jumps 8% as it boosts capital spending plans, citing demand CNBCMicrosoft Increases Spending on A.I. as Profit Jumps 31% nytimes.comMicrosoft's Cloud Accelerates to Fastest Growth Since 2022 Bloomberg.comM
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Why did Anthony Fauci invoke the Fifth Amendment? Senate hearing explained Al JazeeraDr. Anthony Fauci repeatedly invokes the Fifth in dramatic Senate hearing about Covid pandemic CNNAmerican anger: The real takeaway from Fauci's show trial is enduring rage SMH.com.au
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Iran War Live Updates: U.S. and Saudi Airstrikes Drag More Countries Into Fighting nytimes.comIran war updates: Pezeshkian urges Iranians to ‘stand firm' against ‘enemy' Al JazeeraIran Update Special Report, July 28, 2026 Institute for the Study of WarUnited States begins strikes against Iran, explosions heard across region The Jerusalem Post
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Samsung sees chip shortage extending to 2028, signs long-term supply deals ReutersSamsung Electronics second-quarter operating profit beats estimates on soaring AI chip demand CNBCSamsung's Chip Profit Soars Over 250-Fold on AI Memory Shortages Bloomberg.comSamsung Electronics Announces Second Quarter 2026 Results Samsung Global Newsroom
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Warsh-led Fed leaves rates on hold and a bond market scratching its head ReutersFed holds interest rates steady, but 3 officials dissent in favor of a hike Yahoo FinanceHere's what changed in the second Fed statement under Warsh CNBC
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Prospects who could be dealt by the Trade Deadline -- one for each team MLB.comMLB trade deadline 2026: Teams desperate to make a move espn.comTrade rumors: Miller, Skubal, Marlins, O's, Twins, Rays, Peralta MLB.comMLB Trade Deadline Predictions For Skubal And Other Top Targets FOX Sports
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Individual investors just recorded "their largest net selling of single stocks since the COVID crash," according to Vanda Research.
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Kevin M. Warsh, who will preside over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.
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Vote on Blanche's AG nomination postponed amid standoff with Republican holdouts The Washington PostSenators Cornyn and Tillis Force Delay of Blanche Nomination Over Trump's IRS Deal The New York TimesSenate panel delays vote on Blanche's nomination as key Republicans withhold support NPRTrump shrugs off Cornyn's hold on Blanche: ‘I heard he's going through quite nicely' The Hill
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Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
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Situational Awareness joins UK investor Baillie Gifford backing the South Korean memory maker's American debut
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
SEE MORE 16 Dividend Kings for Decades of Dividend Growth
Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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