News
There is a number that captures the scale of what Big Oil just reported: 160. That is how many million dollars ExxonMobil made per day in the second quarter of 2026 - a figure that would have seemed extraordinary in almost any other context, but that lands with a particular weight
Earnings
Wall Street closed out July with a week that will be studied in business schools for years. Three of the most powerful companies on earth - Microsoft, Apple, and Amazon - reported earnings that, by any historical measure, were extraordinary. And yet, the bond market spent the same week sending a very
Earnings
Meta's Q2 2026 earnings revealed a 91% collapse in free cash flow to just $784 million, an EPS miss of nearly 14%, and capex guidance raised to $130-145 billion. Here is what the numbers reveal about the true cost of the AI arms race.
Earnings
Meta faces a critical test tonight as it reports Q2 2026 earnings with a $125 billion AI infrastructure spending commitment hanging in the balance. Wall Street is watching whether the company can deploy $35-42 billion per quarter without triggering a market selloff.
Tech
For years, Nvidia has been the arms dealer of the AI revolution - selling the picks and shovels while others built the mines. That model may be quietly shifting. On Tuesday, the Financial Times reported that Nvidia has signed leases worth up to $50 billion on Hut 8's Beacon
Macro
There is a number that defines what oil traders woke up to this Monday morning: 6. That is roughly how many percentage points crude oil fell in early trading on July 27, 2026, as the United States and Iran quietly halted their military strikes against each other over the weekend
Macro
There is a number that defines what Wall Street is walking into this week: 38. That is the percentage chance, according to LSEG data as of Friday, that the Federal Reserve will raise interest rates at its July 28-29 meeting - a figure that would have seemed implausible six months
News
There is a number that captures the scale of what Lockheed Martin just reported: 230. That is how many billion dollars sit in the defense contractor's order backlog as of the end of the second quarter of 2026 - a record high, and a figure that tells you almost
News
There is a number that captures the scale of what Morgan Stanley has quietly built over the past eighteen months: 40. That is how many billion dollars the bank has sold in a new class of AI infrastructure bonds - a financial instrument that barely existed two years ago and is
Tech
There is a number that captures the scale of what happened to the AI trade last week: 1 trillion. That is how many dollars in market value were erased from chip stocks in a matter of days, as the Philadelphia Semiconductor Index posted its steepest weekly decline in over a
Tech
IBM's stock plummeted 25% on July 14, 2026 - its worst day in history - as enterprise clients redirected capital budgets from software to AI infrastructure, signaling a hidden casualty of the AI boom.
Macro
Trump's reinstatement of the Iranian blockade sends oil surging 9.4% and forces the Federal Reserve into an impossible policy choice between fighting inflation and supporting economic growth.