Ferrari raises 2026 guidance after Q2 earnings beat
Ferrari is bumping up its 2026 guidance after beating Wall Street’s second quarter expectations amid “healthy” demand for its products.
Cyclospora outbreak has hurt Taco Bell but sales are already improving, Yum Brands CEO says
The restaurant company provided no update on the cyclospora outbreak tied to Taco Bell restaurants is affecting its business.
Trump promised a ‘golden age’ for agriculture. Farmers in Iowa say they’re still waiting
President Donald Trump has promised a “golden age” for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices
The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.
From Hormuz to the Black Sea: Maritime battlefields are shaping ‘a new world order’
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
Zuckerberg lays out Meta’s AI capacity dilemma: What to sell vs. what to keep
For investors anxious to hear more about Meta’s plans to make money from its big AI spending, Mark Zuckerberg said there’s a trade-off.
SpaceX faces House Energy Committee demand to tour its AI data centers in Memphis
The ranking member of the House Committee on Energy is demanding SpaceX records and a tour of its data centers and power plants in and around Memphis.
Meta’s Reality Labs lost over $4.6 billion in second quarter
Meta’s Reality Labs unit, which develops virtual reality and wearable devices, continues losing money.
Starbucks raises full-year outlook as CEO tells CNBC the chain is winning back customer loyalty
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
Carvana stock falls as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
