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BHP Q4 Copper Output 491.9 kt, Iron Ore 74.8 Mt; FY26 Cost Guidance at Low End
BHP reports Q4 copper production of 491.9 kilotonnes and iron ore (WAIO) output of 74.8 million tonnes. Full-year 2026 unit costs are expected at the bottom of guidance for copper assets, while iron ore costs remain within range.
Uber Nears €12.5 Billion Deal to Acquire Delivery Hero
Uber is close to a €12.5 billion deal to acquire Delivery Hero, with an announcement expected as early as Thursday. As part of the deal, Delivery Hero will sell its Turkish unit Yemeksepeti and several European businesses to an investment firm.
Dow Jones Reverses After Disinflation Rally
The Dow Jones Industrial Average rallied on disinflation hopes early Wednesday but reversed in the final two hours, closing lower.
Micron Plunges 10%, Wiping Out $110B in Market Cap
Micron (MU) shares extended losses to 10% on Wednesday, erasing $110 billion in market value as the selloff in memory stocks accelerates.
Goldman Sachs Breaks $1,000, Targets $1,100–$1,500
Goldman Sachs stock hit a new all-time high above $1,000, continuing its bullish run. Analysts see the next upside targets between $1,100 and $1,500 based on Elliott Wave patterns.
Elon Musk Says X Will Open-Source Its Codebase After Security Review
Elon Musk announced that X (formerly Twitter) will make its entire codebase open source following a security review, and will invite independent reviewers to verify the live system matches the published code.
ASML Signals AI Demand – TSMC Q2 Earnings in Focus
Following ASML's recent earnings report, markets are watching TSMC's Q2 2026 results due July 16, 2026, for clues on AI investment momentum.
Morgan Stanley Q2 2026 Revenue Beats Estimates, Equities Trading Surges
Morgan Stanley reported Q2 2026 revenue of $21.35B, beating the $19.58B estimate. Equities sales and trading revenue surged to $6.30B versus the expected $4.47B, while FICC trading slightly missed at $2.46B.
Bank of New York Mellon Q2 2026 Adj EPS $2.46 Beats $2.23 Estimate
Bank of New York Mellon reported Q2 2026 adjusted EPS of $2.46, beating the $2.23 estimate. Revenue rose 13% YoY to $5.70 billion.
Johnson & Johnson Beats Q2 Estimates, Raises FY Guidance
Johnson & Johnson reported Q2 2026 adjusted EPS of $2.90, above the $2.85 estimate, and sales of $25.31B beating $25.04B. The company raised its full-year sales and adjusted EPS guidance.
BASF Q2 2026 Preliminary: Sales Up 16%, Adj. EBITDA Beats Estimates, Raises Full-Year Outlook
BASF reported preliminary Q2 2026 results with sales rising 16% to €17.2B, adjusted EBITDA of €2.4B beating estimates, and raised its full-year adjusted EBITDA guidance range to €6.9B-€7.7B.
Dow Futures Dip on US-Iran Tensions; S&P, Nasdaq Gain
Dow Jones futures edged lower by 0.04% during European trading on Wednesday, while S&P 500 and Nasdaq 100 futures posted gains amid ongoing US-Iran tensions.
Deutsche Bank: US Equities Supported by Soft CPI, Chipmaker Gains
Deutsche Bank strategists note that softer US CPI, gains in chipmakers, and strong bank earnings supported equities despite sharp weakness in software stocks.
Revolut Wins Initial VARA Approval To Launch Crypto Services In The UAE
Revolut has received in-principle approval from Dubai's VARA to offer broker-dealer, management, and exchange services for virtual assets in the UAE, moving closer to launching regulated crypto services for its 75 million global customers.
Here's the 1 Thing to Look for When SoFi Reports Earnings on July 29
SoFi Technologies reports Q2 earnings on July 29. Analysts recommend watching the financial services segment, which has decelerated but remains key for cross-selling and growth, especially after the SpaceX IPO.
Rocket Lab overtakes Air New Zealand as Sharesies investors regain confidence
Sharesies reports a rebound in retail investor confidence during Q2, with Rocket Lab replacing Air New Zealand as the most widely held company on the platform, while cashflows and buying activity strengthened.
Groww rallies 8% after Q1 profit jumps 94%; analyst sees up to 27% upside
Shares of Groww parent Billionbrains Garage Ventures climbed nearly 8% on Wednesday after Q1 profit jumped 94.3% YoY to ₹735 crore. Axis Securities sees the stock at ₹250-260 in the short to medium term.
Groww shares gain after quarterly profit surges on higher trading activity
Billionbrains Garage Ventures, parent of Groww, reported Q1 net profit of 7.35 billion rupees, nearly double year-on-year, helped by higher trading activity; shares rose 4.1%.
Canberra Plots AI Framework, Rio Tinto Copper Production, CommSec Targets IPOs
Australia plans an AI framework for copyright and data-center energy, Rio Tinto's copper output fell, and CommSec is expanding US listings access for Australian investors.
Indian broker Angel One's profit doubles on higher trading
Indian brokerage Angel One reported a 102% jump in consolidated net profit for the June quarter, driven by higher client participation and record orders.
AJ Bell adds three funds and drops one in Favourite Funds Q2 reshuffle
AJ Bell updated its Favourite Funds list for Q2 2026, adding three funds focused on global equities and infrastructure and removing one.
Rio Tinto Q2: Pilbara Iron Ore Sales Beat Estimates, Maintains Guidance
Rio Tinto reported Q2 Pilbara iron ore sales of 85.3 Mt, above the 83.13 Mt estimate, and maintained its full-year guidance. The miner also lowered its 2026 copper cost guidance.
Rio Tinto Q2: Pilbara Iron Ore Sales Beat Estimates, Maintains Guidance
Rio Tinto's Q2 Pilbara iron ore sales of 85.3 million tonnes exceeded the 83.13 million tonne estimate. The company maintained its full-year guidance and lowered its 2026 copper cost outlook.
Rio Tinto Q2: Pilbara Iron Ore Output 83.5 MT, Copper Costs Guidance Lowered
Rio Tinto reported Q2 Pilbara iron ore production of 83.5 million tonnes and sales of 85.3 million tonnes. Copper production reached 213 kt, and the company lowered its 2026 copper C1 net unit cost guidance to 30-50 cents per pound.