Meta reports better-than-expected results and issues optimistic guidance for third quarter
Meta said revenue in the quarter increased 11% as the company returned to double-digit growth for the first time since late 2021.
Financial News
Musk risks even more damage to Twitter’s business as the messaging app changes name to X
Elon Musk’s rebranding of Twitter to X in pursuit of becoming a super app leaves the already vulnerable business at risk of further deterioration.
Spain’s right-wing parties could win a parliamentary majority, exit polls show after key election
In the absence of a clear majority, the focus is now heavily on who will be the third largest political force emerging from Sunday’s election.
Oil markets will face ‘serious problems’ as demand from China and India ramps up, IEF secretary general says
Oil prices are set to rise in the second half of the year, as supply struggles to meet demand, according to an International Energy Forum official.
Is Ukraine’s counteroffensive failing? Defense experts say the risks facing Kyiv are growing
The window of opportunity for Kyiv’s counteroffensive is small with Kyiv having only a few months to make major gains.
Airline cargo revenue is cratering. Here’s why that’s actually good news
Airlines’ cargo businesses were lifelines during the pandemic when travel demand dried up.
Netflix earnings showcase strength as the rest of the media industry struggles
Netflix’s core business continues to chug along as the rest of the media and entertainment industry searches for new growth.
Microsoft closes at record after revealing pricing for new A.I. subscription
Microsoft shares rallied to an all-time high after the company announced pricing for its new Microsoft 365 artificial intelligence subscription service.
Wheat prices surge after Russia ends grain deal. And it’s not good news for the world’s food supply
Analysts described the demise of the Black Sea Grain Initiative as both an inevitable setback and a blow to markets.
Britain signs deal to join £12 trillion Indo-Pacific trade bloc
The 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership includes Canada, Mexico, Japan, Australia, Vietnam, Singapore and Malaysia, among others.