Meta shares fall as frustration grows over AI spending plans

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

Fed’s Warsh Rebuked by Investors Craving a Real Inflation Fight

Kevin Warsh’s bare-bones communication style has left investors doubting his commitment to curb inflation, putting more pressure on the new Federal Reserve chairman to back up his words with interest-rate hikes.

By Maria Eloisa Capurro

Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision

The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.

By Joe Rennison

FirstFT: US borrowing costs hit 19-year high after Fed holds rates steady

Also in today’s newsletter: Mark Zuckerberg says US should not ban Chinese AI and SK Hynix profits disappoint

Fed keeps rates steady despite high inflation

The central bank's committee is showing an unprecedented level of dissent as calls grow in the United States for a tighter monetary policy to tackle inflation head-on.

Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI Meta chief executive Mark Zuckerberg’s media spree touting the positive impacts of artificial intelligence did little to cushion the blow of its second-quarter earnings, which sent its stock tumbling on Wednesday. In a Wall Street Journal op-ed published on Tuesday, Zuckerberg expressed his optimism for a world where everyone has access to a super-intelligent machine. Continue readi...

By Johana Bhuiyan

US Fed holds interest rates steady citing ‘elevated’ inflation

Elevated inflation partly reflects supply shocks that have increased prices, including of energy, the Fed said.

What a divided Fed means for investors

Wall Street has a clear takeaway from this week's Federal Reserve decision: A hike is likely on the horizon.

US Federal Reserve holds interest rates steady despite Warsh’s inflation vow

The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how US central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target. The widely ‌expected decision to leave the benchmark interest rate in the 3.50 per cent to 3.75 per cent range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee who “preferred” a quarter-percentage-point hike at this...

By Reuters

Stocks and bonds see wild ‘Fed Day’ swings as Wall Street’s ‘crash cushion’ evaporates

Major equity indexes put in their worst “Fed Day” performance since December 2024, while the yield on the 30-year bond shot higher.

By Joseph Adinolfi

Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns

Meta CEO Mark Zuckerberg. Bloomberg/Getty Images Meta's stock is tumbling as its AI bets wipe out most of its free cash flow. One analyst said its latest AI rollouts feel like "throwing spaghetti on the wall." Meta says its AI investments are accelerating its core business, and there's much more to come. Meta's AI strategy is, once again, worrying investors. The social media giant's stock tumbled 10% on Wednesday after it disclosed that its capital expenditure growth far outpaced revenue gr...

Dow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates

Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”

By Antonio Pequeño IV, Forbes Staff

FTC sues Hims & Hers for sharing sensitive user health data with Meta and Snap

According to the FTC, Hims & Hers led customers to believe their health information was private, yet allegedly transmitted it to advertising firms

By Jody Godoy

BofA says Fed hike today would be one for the books

Meta Takes $2.4 Billion Charge for Legal Proceedings in Q2, Revenue Booms 28% to Over $60 Billion

Meta continues to post soaring revenue, but the Mark Zuckerberg-led company took a big hit in the second quarter of 2026 related to legal proceedings and layoffs. The company, the parent of Facebook and Instagram, said it took “$2.4 billion charges related to legal proceedings” in Q2. Meta’s bottom line also was dinged by $1.18 […]

By Todd Spangler

US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged.

By TOI BUSINESS DESK

Fed holds interest rates steady amid dissenting voices on inflation concerns; Key details here

Federal Reserve officials decided to keep interest rates unchanged, but a fractured vote reveals rising concerns about inflation.

Meta Stock Tanks In Jittery Market On Massive AI Investment, Mixed Q2

Meta shares plunged more than 8% in the after market as it said it plans to invest between $130 billion and $145 billion on AI this year. The parent of Facebook, Instagram and WhatsApp also missed Wall Street’s Q2 earnings per share forecast and anticipated softer than expected revenue in the current third quarter. Revenue […]

By Jillg366

Meta expects Q3 2026 revenue of $61B-$64B while narrowing 2026 capex to $130B-$145B

Intesa posts €5.5 bn first-half profit, ups outlook for year to over 10 bn

(ANSA) - ROME, JUL 29 - Intesa Sanpaolo posted a better-than-expected net profit of 5.55 billion euros for the first half of 2026, an increase of 6.5% with respect to the same period last year, and said it was upgrading its profit outlook for the year as a whole to over 10 billion euros. Italy's biggest bank said it made a profit of 2.8 billion euros in the second quarter, compared to 2.6 billion in the April-June period of 2025. CEO Carlo Messina expressed satisfaction at the results and he ...

By ANSA

MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line

MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line Microsoft walked into tonight's fiscal fourth-quarter earnings report carrying the most bearish positioning it has seen in more than a decade, and it does so on an afternoon when the Fed - now run by a chairman who has made a point of telling markets nothing - triggered significant volatility in stocks and bonds. The positioning data tells the story first. According to S3 Partners data reported by CNBC, roughly 92 ...

By Tyler Durden

Fed holds rates steady as inflation fight remains in focus

The U.S. Federal Reserve left interest rates unchanged on Wednesday, keeping borrowing costs steady while putting renewed focus on Chair Kevin Warsh's pledge to bring inflatio...

Wall Street Races to Sell SpaceX-Linked Products as Stock Sinks

Wall Street is racing to roll out complex investment products tied to SpaceX shares that aim to shield buyers from future losses amid a sharp selloff following its market debut.

By Lu Wang

Fed Holds Rates after “Good Family Fight” with 3 Dissenters, after Enormous Uncertainty in the Markets

Markets were left to their own devices for the first time in a generation after Warsh scuttled forward guidance as part of his Regime Change.

By Wolf Richter