Exxon (XOM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

China's passenger-car sales fell 23.2%, while exports and Tesla's Shanghai deliveries helped offset domestic weakness.

援引一位美国官员的话报道，美国财政部将与美国贸易代表和商务部合作，向特朗普提交一份来自西班牙的产品清单，供其考虑实施禁运。 责任编辑：丁文武

Klaus Vedfelt/DigitalVision via Getty Images The massive AI infrastructure buildout continues to be the main driver of both the U.S. equity markets as well as the U.S. economy. The five major hyperscalers combined have capex budgets for FY2026 of just over $700 billion. This is more than two percent of the just over $30 trillion of GDP the U.S. will deliver this fiscal year. U.S. GDP By Year (FED) Spending around the AI Revolution contributed approximately 70% of GDP growth in Q1. Whether the massive investments by the hyperscalers ends up driving an acceptable return on investment, or ROI, is an open question. However, this spending is powering impressive profit and revenue growth at those supplying the ' picks & shovels ' to this buildout, including Intel ( INTC ) , Sandisk, Inc. ( SNDX ), and Micron Technology ( MU ). Q1 Non-Residential Fixed Investment (Zero Hedge) The economic growth coming from the construction of massive AI data centers and their associated infrastructure is also masking significant weakness throughout most of the rest of the U.S. economy. This is especially true for U.S. consumers not in the top decile of the K-shaped economy. And consumers do account for roughly two-thirds of economic activity in the country. Statista - February 2026 In today's article, I highlight five numbers pointing to the struggling U.S. consumer that will continue to be a headwind for the U.S. economy. If AI-related capex spending growth ebbs or if hyperscalers ever pare back their budgets, the U.S. economy could soon find itself in recession as there are few other economic engines that are currently firing. #1 - 61.5% U.S. Labor Participation Rate (FRED) That is the current labor participation rate from the just-released June BLS report that came out on Friday. This was the key reason that the unemployment rate ticked down 0.1% to 4.2% despite job creation coming in at roughly half expectations last month. To put this in perspective, this is approximately 600 bps low...

【有線新聞】香港仔發生謀殺案，一名53歲女子死亡，警方拘捕一名50歲女子。 現場是華富邨華翠樓對開一個小巴站附近，星期二晚上十時半，警方接報兩名女子打架，趕到後發現事主倒卧地上，頭部受傷昏迷，送到瑪麗醫院搶救後不治。 西區重案組接手，同日深夜在香港仔以涉嫌謀殺拘捕疑兇。據了解兩人不認識，初步調查兩人曾因事爭執推撞，期間事主懷疑被推倒地上。

In trading on Wednesday, the KraneShares CSI China Internet ETF is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Autohome, up about 5.6% and shares of PDD Holdings, up about 2.6% on the day. And underpe

One of the most important companies in the artificial intelligence (AI) supply chain is about to become far easier for U.S. investors to own. South Korea's SK Hynix (FRA: HY9H) is the world's leading maker of the high-bandwidth memory that sits alongside Nvidia 's chips in AI data centers. This week, it launched a U.S. share sale to raise about 43 trillion won, or roughly $28 billion. The listing is expected to price on Thursday, July 9, with the stock set to begin trading on Friday, July 10. For anyone trying to invest in the AI memory boom, this is a name worth understanding. Here's what the deal involves and what it changes. Image source: Getty Images. Continue reading

The rules of the midterms are being rewritten, from redistricting to campaign money. Mother Jones journalist Ari Berman explains why President Trump seems "obsessed with the mechanics of voting." (Image credit: Mike Stewart)

MF3d Julian Emanuel, chief equity and quantitative strategist at Evercore, is urging investors to recognize the pervasive dominance of the AI theme across financial markets, arguing that understanding its reach is essential for navigating current volatility. Emanuel emphasized that pullbacks in high-flying semiconductor shares ( SMH ), ( SOXX ), ( SOXL ), ( FTXL ), ( XSD ) should be viewed as healthy corrections following unprecedented run-ups of 100%, 200%, or even 300% in a matter of months. "If you're an investor, you have to understand the dominance of the AI theme. It is literally in every asset. It's everywhere," Emanuel said in an interview with CNBC. He noted that even bond yields ( US10Y ), ( US30Y ), ( US2Y ) are behaving unusually, explaining that in a typical risk-off environment, yields would decline more significantly, but concerns about AI-driven inflation are tempering that response. Emanuel characterized a 20% to 30% pullback in chip stocks as "actually healthy in the longer term" given the magnitude of their recent gains. He also pointed to historical patterns of increased volatility when new Federal Reserve chairs take office, citing examples from Paul Volcker in the late 1970s through Alan Greenspan and the 1987 crash, suggesting that current market turbulence under Fed Chair Warsh follows a familiar pattern. Despite the volatility, Evercore sees opportunity emerging in overlooked corners of the technology sector ( VGT ), ( XLK ), ( IYW ), ( FTEC ), ( IXN ) . Emanuel highlighted that "there's likely an opportunity evolving in the under loved, under owned, and shorted cap technology names that aren't specifically the chip names" and are positioned to report strong earnings. For investors seeking stability amid the turbulence, Emanuel recommended targeted portfolio diversification while maintaining core technology holdings. "Whether it's energy ( XLE ) or consumer staples ( XLP ) or what have you, you want a little bit of that in your portfolio bec...

US President Donald Trump has used the Nato summit to criticise the lack of support for his war on Iran, and revive his interest in taking over Greenland.

北京时间7月9日凌晨，美股周三午盘跌幅扩大，道指下跌约800点。美国总统特朗普表示与伊朗的停火已经“结束”，中东局势再度紧张导致油价飙升。美联储将在今日公布6月货币政策会议纪要。 道指跌796.66点，跌幅为1.51%，报52128.49点；纳指跌237.03点，跌幅为0.92%，报25581.66点；标普500指数跌67.61点，跌幅为0.90%，报7436.24点。 周三午盘，布伦特原油期货上涨8%，报每桶80.07美元。美国西得克萨斯中质原油期货上涨7.6%，报每桶75.77美元。 在此之前，美国总统特朗普周三在土耳其举行的北约峰会上表示：“我认为（美伊）停火已经结束了。我不想再跟他们打交道了。他们就是渣滓。” 特朗普发表此番言论之前，美国周二对伊朗发动了所谓“一系列强力打击”，以报复对三艘通过霍尔木兹海峡的商业船只发动的袭击。 周三，北约秘书长马克-吕特在土耳其安卡拉举行的北约峰会上对记者表示，美国的打击“绝对必要”。 “当停火协议存在而伊朗基本上在违反停火协议时——我们看到了昨天船只遇袭的情况——我认为美国做出有力回应至关重要。”他说。 受到油价上涨带动，能源股上涨。 康菲石油 和马拉松石油股价上涨约2%， 雪佛龙 和 埃克森美孚 股价上涨逾1%。 与此相反，芯片股延续了近期的压力。例如， 美光 科技下跌4%，截至周二收盘已较52周高点下跌25%。VanEck半导体ETF（SMH）下跌近2%，较近期高点下跌13%。 “中东局势再度紧张，打破了市场日益自满的叙事，促使投资者在连续几周为平稳去冲突路径定价之后，重新评估地缘政治风险。”Capital.com高级市场分析师丹妮拉-哈索恩（Daniela Hathorn）在周三上午的一份报告中表示。 Daniela Hathorn表示：“最新的袭击提醒投资者，尽管停火协议仍然存在，但美国与伊朗之间的持久协议远未得到保证。市场已经习惯于认为冲突将逐渐淡出背景，但近期事态发展表明，这种假设可能为时过早。” 投资者的注意力还将转向将于美国东部时间周三下午2点发布的美联储联邦公开市场委员会6月会议纪要。该报告预计将提供关于美联储主席凯文-沃什首次政策会议的更多见解。在那次会议上，官员们维持利率不变，同时暗示如果通胀压力持续存在，可能需要进一步加息。 “联邦公开市场委员会会议纪要将是一个变数，因为沃什在最近的新闻发布会上表现...

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. Stocks fell Wednesday after President Donald Trump said the ceasefire with Iran was effectively "over" and suggested the U.S. could launch additional military strikes. West Texas Intermediate crude climbed 7% to over $75 per barrel. The oil spike weighed on airlines and companies tied to them, as well as consumer stocks and banks. For the Club, Boeing fell 3.5%, Home Depot slid 3%, and Goldman Sachs lost roughly 2.5%. While geopolitical headlines continue to drive day-to-day trading, Jim urged investors to stay disciplined. "I don't want to give up big gains," he said, pointing out how sudden changes in White House rhetoric can quickly reverse market sentiment. 2. Broadcom shares jumped 3.5% after Apple filled in details about its expanding partnership with the chipmaker in a multiyear agreement expected to exceed $30 billion. The deal will result in more than 15 billion U.S.-made chips and support hundreds of U.S. manufacturing jobs. Jim said the announcement further validates Broadcom's strategic relationship with Apple, but stressed that investors should not treat it as new information. That's because Broadcom disclosed the bones of the deal expansion Monday, and the stock jumped 3.7% that day. Given Broadcom's powerful run, Jim urged investors not to become greedy. "If we get big moves up in an Arm or a Broadcom, we can't be complacent," he said. We exited our position in Arm shortly after the Morning Meeting to protect our gains in this headline-driven market. 3. Wells Fargo upgraded Old Dominion Freight Line , arguing that the recent pullback in less-than-truckload shipping stocks has created an attractive entry point. Jim said the call should also be viewed positively for Club holding FedEx Freight . It remains one of his favorite long-term turnaround stories despite falling 25% from its June 9 high, eight...

随着油价上涨再次引发对通胀的担忧，全球债市遭遇抛售，2年期美国国债收益率回升，逼近上月高点。 这一与美联储货币政策预期密切相关的短期收益率一度上涨4个基点，至4.22%，距离6月22日的峰值仅差1个基点；当时为2025年2月以来最高水平。10年期收益率也一度上涨4个基点，至4.59%，为5月下旬以来最高。 这一跃升反映出，市场再次认为美联储将需开始加息，以遏制消费价格上涨。 美国利率交易员再度预计美联储到10月将加息，此前预期为12月。自美国2月底打击伊朗、引发供应冲击以来，对油价上涨可能使通胀维持高位的预期一直影响着货币政策预期。 尽管基准油价仍远低于3月下旬的峰值，但随着美国和伊朗之间冲突再度爆发，且美国总统唐纳德·特朗普表示他与伊朗达成的临时停火已经结束，油价已再度上涨。美元兑多数G10货币走强。 “债券投资者很谨慎，”Sit Investment Associates债券基金经理Bryce Doty表示，“市场担心停火破裂将导致能源价格和通胀上升，也担心联邦公开市场委员会（FOMC）会议纪要会火上浇油。” FOMC在6月最近一次会议上转向支持今年加息，会议纪要定于华盛顿时间下午2点公布。这一转向推动美国2年期国债收益率在随后数日升至2026年高点，之后随着油价下跌而回落。 5月就任、主张央行减少沟通的美联储主席凯文·沃什“会尽量压缩会议纪要内容，”Doty表示，“如果油价开始上涨，而纪要释放不惜一切代价实现价格稳定的强硬信号，收益率还会走高。” 欧洲债市 欧洲债市跌幅超过美国国债，收窄了周二晚些时候拉开的差距；当时美国收益率随油价跳升，而欧洲市场当天交易已经结束。 欧洲债市同样显示，市场对央行收紧货币政策以遏制油价推升通胀的预期不断增强。 欧洲货币市场认为，欧洲央行继6月加息后，到9月再加息25个基点的概率约为90%。至于英国，交易员预计英国央行到11月加息25个基点的可能性为100%，并认为年底前第二次加息的概率为40%。 责任编辑：丁文武

Southern Poverty Law Center Pleads Not Guilty To Federal Fraud Charges Authored by Matthew Vadum via The Epoch Times, The Southern Poverty Law Center (SPLC) on July 7 entered not guilty pleas again to 11 criminal counts alleging it defrauded donors by sending millions of dollars to informants who infiltrated white supremacist and so-called hate groups that it publicly opposed. The fresh arraignment of the nonprofit organization under a new superseding indictment took place via videoconference before Montgomery, Alabama-based U.S. Magistrate Judge Kelly F. Pate. The charges, announced on April 21 by FBI Director Kash Patel and acting U.S. Attorney General Todd Blanche, sparked political backlash amid growing questions about the group, which the federal government had previously used to track extremist groups with its “Hate Map” and other online resources. The original indictment by a federal grand jury charged the SPLC with wire fraud, making false statements to a federally insured bank, and conspiracy to commit money laundering. The group was alleged to have surreptitiously transferred more than $3 million in donated funds to leaders and organizers of racist groups, including the Ku Klux Klan, the Aryan Nation, and the National Alliance, between 2014 and 2023. The government said the SPLC sent donations to bank accounts of fake entities that had names such as “Rare Books Warehouse” and “Tech Writers Group.” The accounts were then used to funnel money to alleged informants in the racist groups that it claimed to strongly oppose. One of the informants allegedly helped to organize the “Unite the Right” protest in 2017 in Charlottesville, Virginia, that turned deadly. SPLC interim president and CEO Bryan Fair appeared in person on May 7 to plead not guilty to the same charges on behalf of the group. On July 7, an attorney for the organization appeared by videoconference to enter 11 not guilty pleas to the superseding indictment issued last month that added more details ...

Key PointsCanopy Growth's turnaround is real, but it remains unfinished.

Oracle (ORCL) Has a Contracted Cloud-Capacity Engine Bigger Than a Software-Migration Story AlphaStreet

Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns MarketBeat

Realty Income, The Monthly Dividend Company—, today announced that it has declared its 673rd consecutive common stock monthly dividend. The dividend amount of $0.2710 per share, representing an annualized amount of $3.252 per share, is payable on August 14, 2026 to stockholders

In trading on Wednesday, precious metals shares were relative laggards, down on the day by about 5.3%. Helping drag down the group were shares of Aris Mining, down about 8.8% and shares of Avino Silver & Gold Mines off about 8.7% on the day. Also lagging the market Wednesd

In trading on Wednesday, oil & gas refining & marketing shares were relative leaders, up on the day by about 4%. Leading the group were shares of Par Pacific Holdings, up about 9.8% and shares of CVR Energy up about 8.9% on the day. Also showing relative strength are o

I was famous once, and I’m sure I let my self-regard race ahead of my talent. Adoration has its limits, though, and everyone would do well to remember that What’s wrong with people? I don’t mean ordinary people. I mean the superpeople. The excessively talented, the wildly successful, the world-famous, the widely adored, the wealthy beyond measure. Take Cristiano Ronaldo, Serena Williams and Taylor Swift, a triumphant trio for the ages. Each is blessed with the two things you need to reach the top: huge talent coupled with a ferocious work ethic. There’s an awful lot to love – if only they didn’t seem to love themselves quite so much. Swift’s talent and generosity are as awesome as the wealth they’ve generated for her. Why, in a Disney+ docuseries about her huge Eras tour , we saw her distributing envelopes to emotional crew members, sharing out some of the profits. Wonderful! Who does that? On the other hand, who has themselves filmed doing that? Continue reading...

The US stock rotation is unfolding exactly as expected . That doesn’t mean the bull market is over. It just means a heavier shift into defensive stocks until investors reset their expectations lower. The selloff in chip stocks extends a trend we’ve seen in the last three quarters. Still, US equities are near all-time highs and earnings estimates are positive for all sectors. That outlook is either unrealistic or could provide support for equities over the medium term. The result: defensive positioning will increase, benefitting consumer staples, energy and even traditional big tech, which has lagged. End-of-cycle dynamics It’s ironic that just as the artificial intelligence-driven rally started to tick all the boxes of a true bubble — transformative innovation, disruptive uncertainty, newbie investors, and new listings — the engines of the bull market have started to slow. This isn’t a sign of an impending bear market but it does signal a loss of momentum for the most overbought sector of the market, chip stocks. Through Tuesday’s US close, the Philadelphia Stock Exchange Semiconductor Index had lost 16% from its all-time highs. And more losses look likely as the war with Iran flares up . Loss of price momentum, though, isn’t the same as missed earnings. Chip-heavy Samsung just had record earnings . This is more of a rotation for a few reasons. On Tuesday, the semiconductor-heavy Kospi Index in South Korea reached a 10% drop from all-time highs. The subtext was that investors had valuation concerns and were merely rotating to China where the Hang Seng China Enterprises Index climbed more than 4% in a single day, its biggest advance since April 2025. Beneficiaries were traditional big tech Chinese firms like Alibaba . In the US, the picture is similar. While financials, healthcare and consumer staples have benefitted from the rotation out of chip stocks, so, too, has big tech. Of the Magnificent 7 megacap tech stocks, only those of Nvidia Corp. and Tesla are down mon...

欧洲央行管理委员会委员、德国央行行长Joachim Nagel对中东局势发展表示担忧，重申欧洲央行可能仍需再次加息。 Nagel周三在斯洛文尼亚首都卢布尔雅那表示，自己周一还感到乐观，因为当时油价已回落至冲突前水平，而且德国内阁批准了养老金改革方案，工业数据也有所改善。 “但我想你们中的一些人今天早上已经看了新闻，”Nagel说，“现在我认为我们又回到了原点。我仍希望事情会有不同的发展，但最新消息是和平谈判已经停止，特朗普还宣布将停止与西班牙的贸易。是的，这很奇怪。而且能源价格又上涨了。” 就在他发表上述讲话的数小时前，美国总统特朗普警告称，与伊朗的停火可能已经结束。此前，美国对伊朗发动新一轮空袭，并撤销允许伊朗出售石油的豁免安排。 国际原油价格随之飙升，伦敦布伦特原油期货价格上涨逾6%，至每桶79美元以上。不过，这一水平仍远低于4月底每桶逾126美元的高点。 上周，在葡萄牙举行的欧洲央行年度论坛期间，由于中东敌对行动有所缓和，政策制定者普遍不急于再次采取行动，但对于下一步政策方向也未形成共识。 Nagel周三表示：“我不知道央行7月会议会作出什么决定。是否有可能进一步加息？有可能。是否有可能维持利率不变？也有可能，或者我们可能采取其他措施。” 责任编辑：丁文武

Wall Street Analysts Are Bullish on Top Technology Picks The Globe and Mail

Major Tech Stocks Decline Broadly; Micron Technology (MU.US) Erases Early Gains, Down Over 1.9% Moomoo