‼️ BREAKING: Wall Street staged a comeback as dip buyers emerged, lifting stocks as chipmakers rebounded while data signaled the economy remains in good shape, but isn’t overheating. Equities held gains after data showed a pickup in consumer spending and solid business investment even as the economy grew at a weaker-than-expected pace
‼️ BREAKING: U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%. The personal consumption expenditures price index was expected to rise 3.7% from a year ago on headline and 3.3% on core
‼️ BREAKING: Regeneron Pharma (NASDAQ: REGN) reported second quarter EPS of $14.29, $3.71 better than the analyst estimate of $10.58. Revenue for the quarter came in at $4.29B versus the consensus estimate of $3.8B.
🚀 BREAKING: SpaceX was awarded a $1.6 billion contract by the U.S. Space Force for 18 Falcon 9 launches. SpaceX is scheduled to report earnings on Aug. 4 amid investor worries over valuation and selling pressure from early investors.
‼️ Qatar has sent its first shipment of liquefied natural gas through the Strait of Hormuz since one of its tankers was attacked in the waterway more than three weeks ago.
‼️ 🇫🇷 BREAKING: Societe Generale SA raised its profitability target for the year and announced a €1.5 billion ($1.7 billion) share buyback after second-quarter profit beat analysts’ estimates.