Kevin Smith
Journalist
United Airlines tops expectations despite surging fuel costs
United Airlines posted better-than-expected Q2 results, with adjusted EPS of $1.99 and revenue of $17.67bn, both slightly above analysts' forecasts. However, the carrier offered cautious guidance for Q3, while raising the lower end of its full-year profit outlook. Markets chose to punish that guidance in after-hours trading, with the stock down more than 3.5%.
16 July 2026 at 07:22 am AEST
Dave Brown, a longtime AWS leader, to leave Amazon after 19 years
Dave Brown, one of the top executives at Amazon Web Services (AWS), will leave Amazon after 19 years with the company. A member of the ''S-team'', the small circle of leaders who advise CEO Andy Jassy directly, he will join another company, according to an internal memo, though the nature of his new role was not specified.
16 July 2026 at 04:49 am AEST
ASML sees upside potential for pricing in its lithography equipment
ASML believes it could raise prices on some of its semiconductor manufacturing equipment, supported by demand that is still robust. Chief Financial Officer Roger Dassen said production capacity for the latest-generation EUV machines is almost fully booked through the end of 2027, strengthening the group's bargaining power.
16 July 2026 at 03:49 am AEST
The 3 European stocks that analysts like the most this summer
Now that you have been tempted by this alluring headline, we need to see whether there is any common thread between online betting, X-rays and a game of Catan. None, at first glance. But actually, yes there is.
15 July 2026 at 09:37 pm AEST
Citadel Securities says Wall Street is technically cleansed ahead of the earnings test
The US market heads into the second half of July looking radically different from two weeks ago. In its latest note, US market maker Citadel Securities argues that the technical reset needed to keep the bull market going is now largely complete. Nine of the ten indicators tracked by its teams have improved meaningfully, allowing fundamentals to regain the upper hand over flows and positioning.
15 July 2026 at 06:54 am AEST
After chips, the AI battle shifts to electricity and water, Goldman Sachs says
Progress in artificial intelligence will no longer depend solely on model sophistication, but increasingly on the infrastructure required to run it. Goldman Sachs puts cumulative investment between 2026 and 2031 in compute power, data centers and electricity at about $7.6tn, with annual spending rising from $765bn to $1.64tn.
15 July 2026 at 06:17 am AEST
J. Safra Sarasin Expects a Fed Rate Repricing Amid the AI Boom
''Our new forecast for the fed funds rate now calls for two rate hikes: one in Q4 2026, then another in Q1 2027, rather than a prolonged pause. These increases are therefore not imminent, but with markets currently pricing only about 35 basis points of tightening over the next 12 months, expectations for the Federal Reserve's policy rates should be revised higher,'' J. Safra Sarasin explains.
13 July 2026 at 11:51 pm AEST
Ryanair, the leader in unit costs?
Ryanair's cost-cutting drive is paying off: the arrival of the new Boeing 737 MAX-10s, combined with bringing maintenance in-house and continued discipline on costs, should enable the airline to widen its edge on this front, Bernstein says.
13 July 2026 at 10:36 pm AEST
Circle up 5% after securing its federal banking charter
Circle has cleared a major milestone in the institutionalization of USDC. The US stablecoin issuer and blockchain financial infrastructure provider has received final approval from the Office of the Comptroller of the Currency to create Circle National Trust, a federally supervised national trust bank.
11 July 2026 at 02:49 am AEST
Coca-Cola, back near its highs, bubbling on BofA optimism
Coca-Cola shares were one of the biggest winners in the Dow Jones index on Friday on the New York Stock Exchange, helped by an upbeat note from Bank of America, which raised its target price for the stock ahead of the release of Q2 results.
11 July 2026 at 12:37 am AEST
Are US industrial groups in the front line to cash in on Europe's rearmament?
The 2026 NATO summit marks a new step in ramping up Allied military spending, with several major industrial deals intended to expand production capacity in Europe… while also benefiting US defense groups.
10 July 2026 at 04:32 pm AEST
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