Economy- Page 3

Federal Reserve Chair Kevin Warsh official portrait June 2026

Divided Fed Holds Rates Steady; Dow Plunges 1,100 Points on Inflation Alarm

Three FOMC members broke ranks and formally called for a rate hike as the Fed held rates steady for a seventh straight meeting. The Dow fell 1,129 points in its worst session

July 30, 2026

by Economy Desk

Federal Reserve Chair Kevin Warsh speaks at the ECB Forum in Sintra, Portugal, June 2026

Warsh’s Fed Rate Decision Becomes a Cliffhanger as Iran Oil Shock Scrambles Signals

Federal Reserve Chair Kevin Warsh enters Thursday's rate announcement with markets assigning one-in-three odds to a surprise hike, the most uncertain FOMC call since 2020. Iran's oil shock has scrambled the inflation picture that should have made the choice easy.

July 29, 2026

by Jennifer Hicks

Deutsche Bank CEO Christian Sewing at Annual Media Conference 2026

Deutsche Bank Posts Record €1.9 Billion Q2 Profit, Investment Bank at 2019 Highs

Deutsche Bank posted a record second-quarter post-tax profit of €1.9 billion on Wednesday, powered by its

Digital screens displaying trading numbers on the New York Stock Exchange trading floor during the Nasdaq chip stock selloff

Nasdaq 100 Nears Correction as Chip Stocks Bleed for Fourth Straight Day

The Nasdaq 100 dropped 1.8 percent Tuesday, pushing it within striking distance of a 10 percent

Multiple S.Pellegrino sparkling water bottles part of the Nestle Peranel joint venture with Platinum Equity

Nestlé Sells Half of Its Water Business to Platinum Equity for $3.4 Billion

Nestlé agreed Thursday to sell half of its water business to Platinum Equity for $3.4 billion, creating a $5.6 billion joint venture called Peranel to house Perrier, S.Pellegrino, and Acqua Panna. The

July 23, 2026

Business·Economy·News

White Tesla Model 3 parked at a Supercharger station during Tesla Q2 2026 earnings quarter

Tesla’s Operating Margin Collapses to 1.4% as Record Revenue Fails to Cover AI Spending

Tesla posted record Q2 2026 revenue of $28.2 billion, up 25.5 percent year-over-year, but TSLA fell 4 percent after hours as operating margin collapsed to 1.4 percent. Negative free cash flow of

July 23, 2026

Business·Economy·News

New York Stock Exchange building facade on Wall Street with Corinthian columns and NYSE Euronext banner

ServiceNow Q2 Subscription Revenue Rises 25% as AI Demand Outpaces Disruption Fears

ServiceNow posted $3.88 billion in second-quarter subscription revenue, a 25 percent jump, as CEO Bill McDermott raised annual guidance and outlined an AI agent kill-switch mechanism. The results challenged fears that AI

July 23, 2026

Business·Economy·News·Technology

IBM CEO Arvind Krishna speaks at the IBM Think conference in Boston in May 2022, ahead of the company's Q2 2026 earnings call revealing a 42% mainframe hardware decline

IBM Q2 Results: Mainframe Hardware Falls 42% as AI Diverts Enterprise Budgets

IBM reported $17.2 billion in Q2 revenue but mainframe hardware fell 42% in the second quarter, its worst performance in years. CEO Arvind Krishna blamed AI infrastructure spending for redirecting enterprise IT

July 23, 2026

Business·Economy·News·Technology

Tesla Posts Record Sales, Misses Earnings as Musk’s AI Spending Drains Cash Flow

Tesla reported record Q2 2026 deliveries of 480,000 vehicles and revenue of $28.2 billion, a 26% year-on-year increase, but missed earnings estimates as margins slid and free cash flow turned negative for

July 23, 2026

Business·Economy·News

Visitors at a World Artificial Intelligence Conference booth as Big Tech companies like Alphabet race to build AI infrastructure

Alphabet Stock Falls 5% After Hours as Record $205 Billion Capex Overshadows Cloud Beat

Alphabet shares fell roughly 5% in after-hours trading Wednesday after the company raised its 2026 capital expenditure forecast to a record $205 billion, overshadowing a Q2 beat that included $119.8 billion in

July 23, 2026

Business·Economy·News·Technology

A vessel navigates the Strait of Hormuz as large commercial tanker traffic has nearly stopped amid US-Iran conflict in 2026

DP World Signs 50-Year Concession to Build Fujairah Terminals Outside Strait of Hormuz

DP World and the Fujairah Ports Authority signed a 50-year concession Wednesday to build two new terminals on the UAE's Gulf of Oman coastline, including the Al Rugaylat container terminal and Dibba

July 23, 2026

Business·Economy·News

SpaceX Starship rocket on the launch pad at Boca Chica Texas with coastline in background

Musk Warns SpaceX Short Sellers of ‘Very Low’ Survival Odds as Earnings Date Set

Elon Musk warned SpaceX short sellers on X they face a 'very low' survival probability as the stock trades below its $125 IPO price with 32% of float sold short, ahead of

July 23, 2026

Business·Economy·News·Technology

Oil tankers navigate the Strait of Hormuz as US-Iran military tensions disrupt global energy markets

US 30-Year Treasury Yield Tops 5% in Longest Run Since 2007 as Iran War Fuels Inflation

The US 30-year Treasury yield has stayed above 5% for the longest run since 2007, as Iran war oil prices sustain inflation and block Federal Reserve rate cuts. Mortgage rates have climbed

July 22, 2026

Business·Economy·News

Supermicro liquid-cooled AI server rack system for data centers

Supermicro Stock Surges 15% on Record $60 Billion Backlog and Near-Doubled Margins

Super Micro Computer shares surged 15% after the company disclosed a record $60 billion order backlog and near-doubled gross margins in preliminary Q4 results. A SpaceX contract for liquid-cooled AI racks for

July 22, 2026

Business·Economy·News

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Economy- Page 3

Divided Fed Holds Rates Steady; Dow Plunges 1,100 Points on Inflation Alarm

Warsh’s Fed Rate Decision Becomes a Cliffhanger as Iran Oil Shock Scrambles Signals

Deutsche Bank Posts Record €1.9 Billion Q2 Profit, Investment Bank at 2019 Highs

Nasdaq 100 Nears Correction as Chip Stocks Bleed for Fourth Straight Day

Nestlé Sells Half of Its Water Business to Platinum Equity for $3.4 Billion

Tesla’s Operating Margin Collapses to 1.4% as Record Revenue Fails to Cover AI Spending

ServiceNow Q2 Subscription Revenue Rises 25% as AI Demand Outpaces Disruption Fears

IBM Q2 Results: Mainframe Hardware Falls 42% as AI Diverts Enterprise Budgets

Tesla Posts Record Sales, Misses Earnings as Musk’s AI Spending Drains Cash Flow

DP World Signs 50-Year Concession to Build Fujairah Terminals Outside Strait of Hormuz

Musk Warns SpaceX Short Sellers of ‘Very Low’ Survival Odds as Earnings Date Set

US 30-Year Treasury Yield Tops 5% in Longest Run Since 2007 as Iran War Fuels Inflation

Supermicro Stock Surges 15% on Record $60 Billion Backlog and Near-Doubled Margins

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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