Stock Market & Financial News
Rio Tinto cuts copper unit costs nearly in half for 2026
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF)'s Pilbara iron ore unit posted its strongest first-half production since 2018, beating consensus estimates alongside stronger shipment volumes, as the miner reiterated full-year guidance across all segments. Second-quarter production beat expectations in both Pilbara output and shipment volumes, while the rest of Rio's major operating assets came in line with consensus.
RIO AWS EC2 and AI leader Dave Brown to exit, replaced by Amazon exec and Microsoft vet Dave Treadwell
Dave Brown is leaving Amazon Web Services after nearly 19 years, departing at the end of July for a new role outside the company.
DAVE Norwood Financial's Quality Overrides Its Valuation
Norwood Financial Corp. receives a soft 'Buy' rating, reflecting improving fundamentals and adjusted asset quality post-merger activity. NWFL's recent acquisition of PB Bankshares drove deposits to $2.51 billion and loans to $2.21 billion in Q1 2026, supporting balance sheet growth. Net interest margin rose to 3.04% in Q1 2026, while non-performing loans and assets remain below 0.50%, indicating manageable credit risk.
NWFL Johnson & Johnson's Spravato sales growth supports psychedelic drug opportunity: Jefferies
Psychedelic drug developers including AtaiBeckley Inc. (NASDAQ:ATAI, XETRA:9VC), Compass Pathways (NASDAQ:CMPS) and Cybin Inc. (NYSE-A:CYBN, FRA:R7E) could see a positive read-through after Johnson & Johnson (NYSE:JNJ) reported stronger second-quarter sales for its Spravato depression treatment, with Jefferies writing that the drug's commercial performance supports the long-term market opportunity for the sector. Johnson & Johnson (NYSE:JNJ) reported worldwide second-quarter Spravato (esketamine nasal spray) sales of $584 million, up 25% from the first quarter, including US sales of $514 million.
JNJ 
Lyn Alden raises $40M to launch Orange Juice, a holding company with a Bitcoin treasury twist
Orange Juice's innovative model could redefine investment strategies by merging traditional business operations with Bitcoin as a reserve asset. Lyn Alden raises $40M to launch Orange Juice, a holding company with a Bitcoin treasury twist.
Netflix Heads Into Q2 Earnings With Something To Prove: Does Wall Street See Another Revival?
Netflix is in regrouping mode heading into its second-quarter earnings reveal – a very familiar place for the company. The streaming giant, which will report financials Thursday afternoon after the close of trading, has already signaled that the quarter is unlikely to be a barnburner.
NFLX 
Terreno Realty Is Great, But We Sold
Terreno Realty was sold as shares became overpriced, trading above 30x forward AFFO amid rising Treasury yields. TRNO's strong industrial portfolio and robust same-property NOI growth justified premium multiples, but current valuation exceeds prudent expectations. Despite minimal debt exposure and superior management, TRNO's revised EBITDA yield of 3.96% highlights stretched valuation versus peers like REXR.
TRNO 
Coinbase, Circle stocks climb as analysts see Bitcoin-linked upside
Shares of Circle Internet Group and Coinbase Global moved higher on Wednesday after William Blair said many of the key risks facing both companies are already reflected in investor expectations. The firm also highlighted their potential to benefit from any recovery in Bitcoin prices.
COIN 
Bitcoin Miners Cash In as AI Hits a Power Bottleneck
Bitcoin miners spent the past decade building out cheap electricity and heavy-duty power infrastructure. Now, some of the biggest artificial intelligence (AI) companies in the world are paying billions of dollars to use it.
CIFR 
American Century's Greenblath Talks New Fed Chair, Bonds
June brought a major change to the bond landscape with the arrival of the new Federal Reserve chair. Kevin Warsh, appointed by President Trump, arrived as a new Fed chair.
KORP 
Equal Weight ETF GSEW Offers Diversification, Performance
Concentration risk may have been overshadowed by major geopolitical events this year, but it hasn't gone away. Indeed, the big AI hyperscalers remain a significant part of portfolios, but with that comes risk.
GSEW 
Conagra's ‘Show-Me' CEO Says Every Product Needs to Earn Its Keep
John Brase, who took over the company in June, is plotting a turnaround for the food giant.
CAG 
Verizon: Executing Amid Industry Uncertainty, Raising My Target
Verizon is reiterated as a "Buy," with an attractive valuation and a high 6.66% forward dividend yield. VZ raised its FY 2026 EPS guidance to $4.95–$4.99, supported by strong postpaid phone and broadband net adds. Despite competition risks and technical weakness, VZ's fundamentals remain solid, with $6.55 free cash flow per share over the past year.
TGT 
I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don't
I keep buying Seagate because every time I look at what it costs a hyperscaler to store a petabyte, the math ends at the same place, and my brokerage account ends at the same button.
STX 
Apple Is Up 20% in 2026. What Will It Take for AAPL Stock to Hit $350?
Shares of Apple (NASDAQ:AAPL | AAPL Price Prediction) are up 4% Wednesday afternoon to a fresh record of $327, extending a rally that now has Apple stock up 20% year to date (YTD).
AAPL 
Bitmine acquires additional 6,000 Ethereum for $11M as total holdings near 5% of total supply
Bitmine's aggressive ETH accumulation and staking strategy could tighten market liquidity, impacting Ethereum's price dynamics and regulatory landscape. Bitmine acquires additional 6,000 Ethereum for $11M as total holdings near 5% of total supply.
WAB to Report Q2 Earnings: What's in the Offing for the Stock?
Wabtec heads into Q2 earnings with double-digit consensus growth expected, while higher costs and supply-chain pressures may weigh on results.
WAB 
Kuwait intercepts cruise missiles and drones as Bitcoin dips below $100K
Geopolitical tensions highlight crypto's vulnerability to external shocks, urging investors to consider broader risk management strategies. Kuwait intercepts cruise missiles and drones as Bitcoin dips below $100K.
Solana hits $3B in tokenized equities volume for June 2026, leads market
Solana's dominance in tokenized equities could drive increased market confidence and potentially elevate its asset value and technological influence. Solana hits $3B in tokenized equities volume for June 2026, leads market.
Aave pushes beyond Ethereum with Avalanche RWA lending expansion
Aave has expanded its V4 lending protocol beyond Ethereum for the first time by deploying it on Avalanche to support tokenized real-world asset lending and institutional credit markets.
Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo's Hansen
While the gold market has been unable to gain enough momentum to break through initial resistance at $4,100 an ounce, one market strategist suggests that its continued consolidation is still good news for the precious metal.
AAAU 
Lucid denied bankruptcy rumors. Its make-or-break midsize EV is still a race against time.
Lucid filed paperwork forcefully denying rumors of its bankruptcy. The company still finds itself in the EV "valley of death" — but says it has enough cash.
LCID 
Spotify seen delivering steady Q2 results as investors await AI remixing updates
Spotify Technology SA (NYSE:SPOT) is expected to report a steady second-quarter performance, with Jefferies maintaining a positive long-term view despite not anticipating a "narrative changing" earnings release. The investment bank reiterated its ‘Bu'y rating and $600 price target, implying upside from current levels of $485, ahead of the company's results, writing that it prefers to remain positioned for potential catalysts including a Warner Music Group remixing agreement and the launch of AI-powered remixing features.
SPOT 
Elevance Health, Inc. (ELV) Q2 2026 Earnings Call Transcript
Elevance Health, Inc. (ELV) Q2 2026 Earnings Call Transcript
ELV 
3M Stock Shifting Gears Ahead Of Earnings
3M (MMM) is scheduled to report second-quarter earnings before the open on Tuesday, July 21. According to Zacks Research, analysts expect earnings of $2.27 per share on $6.38 billion in revenue, representing year-over-year growth of 5.1%.
MMM 
MicroVision Pitches ‘Lidar 2.0' Strategy, Keeps 2026 Revenue Outlook Intact
Microvision NASDAQ: MVIS CEO Glen DeVos said the lidar company is trying to reposition itself around what he called “Lidar 2.0,” a strategy focused less on proving sensor technology and more on proving commercial value across automotive, industrial, and security and defense markets.
MVIS 
USD/CHF Price Forecast: Breaks rising wedge, bears eye 0.8000
USD/CHF Price Forecast: Breaks rising wedge, bears eye 0.8000
SPX6900 – Can SPX reach $0.48 after a 65% surge in whale buying?
SPX rallies by double digits amid increase in whale activity, number of transfers and transactions.
Corning Stock Signal Hints at Upside Potential Amid Breather
Corning Inc (NYSE:GLW) stock is down 7.8% at $172.92 this afternoon, part of its larger drawdown from its June 30 record peak of $271.38.
GLW 
Tap SK Hynix's Memory Leadership With These New Leveraged ETFs
SK Hynix's U.S. debut has sparked a wave of new leveraged ETFs. Here's why AI-driven memory demand is making the chip giant a key stock to watch.
MU 
