Financial Markets
Nvidia Answered Every Question at Once: $96.2B Revenue, a $108B Guide, and a $2T Backlog
Revenue of $96.22B beat the $92.17B estimate, adjusted EPS of $2.22 beat $2.10, and third-quarter guidance of $108B crushed the $104.2B analysts expected....
The Fulcrum Day: PCE Ran Hot, and Nvidia Reports Tonight Into a Market Priced for Perfection
July's headline PCE came in at 0.2% month over month and 3.7% year over year, both a tenth above consensus, while core PCE matched expectations exactly at 0.2%...
“Economic D-Day” Turned Out to Be a Relief Rally: Oil Fell 3%+ as Markets Bet on Diplomacy Over War
Yesterday's sanctions announcement, billed as the single greatest financial offensive ever marshalled against an adversary, produced the opposite of what the...
The AI Debt Iceberg: Hidden Leverage, Rising Yields, and the Two-Speed Economy
The U.S. economy is operating on two completely different foundations. Upstairs, the AI infrastructure boom is accelerating. Data centers, power systems, fiber...
“Economic D-Day”: Bessent Unveils Sweeping Iran Sanctions Today, Opening the Most Consequential Week Since July
Treasury Secretary Scott Bessent holds a 2:00 PM press conference today to detail what he has called “the single greatest financial offensive ever marshalled...
Walmart's Worst Day Since 2022 Dragged the Dow Down 703 Points, and JPMorgan Says Buy the Dip
Yesterday's pre-market estimate undersold it: Walmart closed down roughly 9% to 9.8%, its worst single session since May 2022, erasing nearly $90B in market...
Walmart Beat and Raised Guidance, and Fell 5%: The GAAP Numbers Explain Why
Adjusted EPS of $0.81 beat the $0.74 estimate, revenue topped consensus, and the company raised its full-year outlook. Shares still sank roughly 5% pre-market....
OpenAI Just Lost the AI Revenue Race to Anthropic, and Nvidia's Entire Financing Web Is Feeling It
OpenAI's Q2 revenue grew 18% to $6.7B while losses widened to $12.3B. Anthropic more than doubled its own revenue to $11.6B, surpassing OpenAI for the first...
The Market's Calm Just Broke: Trump Threatens to Bomb Oman as Iran Declares “Full Offensive”
Yesterday this brief asked whether the market's muted reaction to an expired ceasefire reflected genuine confidence or building complacency. Overnight...
The Ceasefire That Wasn't: The US-Iran Deadline Passed Today With Zero Ships Through Hormuz
The 60-day US-Iran memorandum of understanding expired today with no extension and no deal. Iran's foreign minister says there was never a ceasefire to begin...