Citigroup says revenue from equities trading surged 45% to $2.3 billion in the second quarter from a year earlier. That's 11% higher than the record set in this year's opening months. Earnings per share came in at $3.15, beating all estimates. This is coverage from "Bloomberg Surveillance."
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CPI inflation was far below views, lowering Fed rate hike odds. Fed Chairman Kevin Warsh said he'll "get monetary policy right."
International growth will be an important objective for the chain going forward and lessons drawn from its Nuevo León location will inform further development.
Transocean has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.7%. The stock now trades at $5.39, marking a 23.1% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Frontier Airlines said on Tuesday it will launch in-flight Wi-Fi using SpaceX's Starlink satellite internet and start installing it across its fleet in early 2027. The Denver-based airline is the first ultra-low-cost U.S. carrier to sign on with Elon Musk's Starlink as the company competes with Amazon's Kuiper for airline customers to provide in-flight Wi-Fi. Frontier's Starlink rollout follows the airline's introduction of first-class seating and loyalty program changes aimed at winning over higher spenders.
Jim Cramer pinpointed a single market variable that could either unlock NVIDIA's next surge or keep the stock in check, and it has nothing to do with earnings or tariffs.
The budget airline has been rolling out more amenities to target customers willing to pay for premium travel.
IBM stock was heading for its largest same-day plunge in nearly 40 years on Tuesday after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained that the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.
Investing.com -- Citigroup reported second-quarter earnings and revenue ahead of Wall Street expectations on Tuesday, as robust trading activity and stronger investment banking fees drove a 45% jump in profit.
SLB said on Tuesday it has partnered with Liberty Energy to supply modular parts and power to data centers, as the oilfield services firms look to tap surging demand from the AI boom. Under the deal, SLB said it would design and supply modular and prefabricated components for data center projects, while Liberty will provide natural gas-fired power generation. The deal reflects a broader push by oilfield contractors to supply power equipment, turbines and data solutions.
UnitedHealth Group is due to post earnings Thursday morning, with the health insurance giant’s stock seen making a big move after the report.
FEATURE The artificial-intelligence trade appeared to be reignited Tuesday as investors digested a slew of bank earnings reports ahead of the consumer-price index inflation report for June. International Business Machines sank 23% after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets.
Investor focus is turning to Seagate Technology as the company prepares to report fourth-quarter results, with analysts expecting triple-digit earnings growth.
Royal Caribbean Cruises is scheduled to report its second-quarter earnings by the end of this month, and analysts anticipate a low double-digit improvement in its profitability.
(Bloomberg) -- Nearly 20 years on, JPMorgan Chase & Co. is still minting billions from its long-held stake in Visa Inc. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleIn April, JPMorgan tendered 18.6 million share
Big banks so far are reporting better-than-expected results for the second quarter: Citigroup: Profit rose 45%, with revenue up 14%. Goldman Sachs: Profit jumped 78%, and revenue surged 39%. JPMorgan: Profit soared 41%, with revenue up 28% (results were boosted by a big one-time gain on its Visa stake).
Merck & Co. is expected to announce its second-quarter earnings in August, and Wall Street forecasts a double-digit decline in its profits.
The story of the day looks like huge investment banking results across the biggest banks. JPMorgan Chase’s fees from investment banking, which includes advising companies and raising and selling debt and equity, rose 30%.
Bank trading desks are still booming – mostly thanks to stocks. Wall Street’s business of facilitating trades on behalf of clients has been fast-growing, and analysts were closely watching whether momentum would continue. Across the Street, fees from stock trades shot up, while fees related to bonds, commodities and other non-equity products also rose.
Talk about the inescapable force of gravity. Shares of Elon Musk's Space Exploration have fallen to nearly their IPO price.

Securitize (SECZ) founder and CEO Carlos Domingo sits down with Scott Melker to discuss the growing tokenized asset market. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's crypto hub to find the latest crypto-related news.

Netflix (NFLX) will report its second quarter earnings results on Thursday after the closing bell. Wedbush Securities senior vice president of equity research, Alicia Reese, shares her thoughts on the company and her earnings expectations.
Investing.com -- B. Riley is framing this week's second-quarter earnings reports from ASML and TSMC as "tone-setting" for the entire semiconductor and semiconductor capital equipment sector, arguing that a $880 billion surge in AI infrastructure spending has arrived roughly 12 months ahead of the firm's prior forecasts.
Wall Street looked set for a mixed open as investors digested a 23% plunge in IBM shares, another jump in oil prices and the start of the second-quarter earnings season. Dow Jones futures were down 281 points, or 0.5%, while S&P 500 futures were 0.1% lower. Nasdaq futures were pointing...
IBM reported preliminary Q2 revenue of $17.2 billion, well below analyst expectations, as large deals failed to close on time
By Ragini Mathur and Avinash P July 14 (Reuters) - S&P 500 and Dow futures fell on Tuesday in choppy trading as investors sifted through earnings reports from Wall Street's biggest banks, while IBM