Apple reported record quarterly revenue for the June quarter, driven by strong iPhone sales and tariff refunds. The performance exceeded market expectations, showing resilient demand in consumer electronics despite macroeconomic uncertainties.
Despite announcing a massive increase in AI capital expenditure, Amazon shares surged approximately 10%. Market confidence in Amazon’s AI strategy drove the rally, showing strong investor approval for tech giants’ large-scale AI investments.
Strategy (formerly MicroStrategy) reported an $8.2 billion loss in Q2 as bitcoin prices fell over 40% from Q2 2025 levels. Despite the loss, the company increased its bitcoin holdings by 11%.
Hundreds of migrants have swum from Morocco to the Spanish enclave of Ceuta. The territory’s leader said the influx is overwhelming resources and urged the Spanish government to intervene. Military forces have been deployed to assist.
Coinbase shares slipped after Q2 results despite prediction markets doubling and record trading market share. The company said 88% of net revenue now comes from sources other than bitcoin spot trading.
Amazon’s autonomous vehicle subsidiary Zoox has received approval from the National Highway Traffic Safety Administration (NHTSA) to operate paid robotaxi services across the United States without a steering wheel or manual controls. This is the first time the US has approved a commercially produced vehicle for fully driverless operation, marking a new phase in autonomous vehicle commercialization.
Core Summary According to BBC reports, Chinese-made intelligent robots are sparking an automation revolution in UK retail. From large supermarket chain warehouses to high street retail stores, Chinese robotic products have penetrated every segment of the UK retail industry. These robots handle not only traditional tasks like transport and sorting, but have also begun taking on advanced functions including customer service, inventory management, and data analysis—marking Chinese intelligent manufacturing’s growing presence in the global retail sector. ...
Core Summary Meta Platforms released its Q2 FY2026 earnings after market close on July 29. While revenue grew, net profit failed to meet Wall Street expectations, triggering a sharp market reaction. Following the report, Meta stock plunged nearly 10% in after-hours trading, marking one of its largest single-day declines recently. Investors expressed serious concerns about the company’s massive capital expenditure plans for artificial intelligence, questioning when these investments would translate into actual returns. ...
Core Summary Microsoft released its Q2 FY2026 earnings after market close on July 29, delivering results that exceeded Wall Street expectations. Net profit surged 31% year-over-year to record levels, while Azure cloud revenue crossed the $100 billion quarterly milestone for the first time, growing 29% year-over-year. AI services, particularly Azure OpenAI and enterprise AI solutions, emerged as the primary growth engine driving the beat. Event Details According to the Wall Street Journal, Microsoft’s Q2 revenue reached $69.6 billion, beating analyst estimates of $68.1 billion. Adjusted earnings per share came in at $3.34, above the expected $3.18. This marks Microsoft’s third consecutive quarter of double-digit growth, demonstrating that its strategic pivot to cloud services and artificial intelligence is yielding significant results. ...
Core Summary Former US chief health official Anthony Fauci invoked his Fifth Amendment rights at a Senate Covid origins hearing on July 29, refusing to answer lawmakers’ questions. Fauci expressed concern that Republicans could use his testimony to prosecute him for perjury. The hearing was marked by tense exchanges, including a heated argument with Senator Rand Paul. Event Details According to NBC News, Fauci repeatedly invoked his constitutional Fifth Amendment right against self-incrimination during the Senate HELP Committee hearing, refusing to answer questions about the origins of the pandemic and prevention/control policies. ...