Astronomer hires Gwyneth Paltrow as a spokesperson after Coldplay kiss cam scandal
Actress Gwyneth Paltrow, who was married to Coldplay's frontman Chris Martin for 13 years, announced Friday on X that she has been hired by Astronomer as a spokesperson.
Astronomer, a tech company based in New York, found itself in an uncomfortable spotlight when two of its executives were caught on camera in an intimate embrace at a Coldplay concert—a moment that was then flashed on a giant screen in the stadium.
CEO Andy Byron and human resource executive Kristin Cabot were caught by surprise when Martin asked the cameras to scan the crowd during a concert earlier this month.
'Either they're having an affair or they're just very shy,' Martin joked when the couple appeared on screen and quickly tried to hide their faces.
In a short video, the Shakespeare in Love and Ironman star said she had been hired as a 'very temporary' spokesperson for Astronomer.
'Astronomer has gotten a lot of questions over the last few days and they wanted me to answer the most common ones,' Paltrow said, smiling and deftly avoiding mention of the kiss cam fuss.
'We've been thrilled that so many people have a newfound interest in data workflow automation,' she said. 'We will now be returning to what we do best—delivering game-changing results for our customers.'
When footage from the kiss cam first spread online, it wasn't immediately clear who the couple were. Soon after the company identified the pair, and Byron resigned followed by Cabot. The video clip resulted in a steady stream of memes, parody videos, and screenshots of the pair's shocked faces filling social media feeds.
Online streams of Coldplay's songs jumped 20% in the days after the video went viral, according to Luminate, an industry data and analytics company.
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Stock market today: Dow, S&P 500, Nasdaq lose steam ahead of Trump tariff deadline, jobs report
The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) pared gains in afternoon trading after President Trump granted Mexico a 90-day tariff reprieve and strong Meta (META) and Microsoft (MSFT) earnings boosted faith in Big Tech's massive AI investments. The Nasdaq climbed about 0.2%, while the S&P 500 was just below the flat line. The Dow Jones Industrial Average (^DJI) lagged, sliding about 0.3%. Meta stock shot up 11% late morning, as investors welcomed its earnings beat and stronger-than-expected guidance even as it ramps up its AI spending spree. Microsoft stock jumped as much as 8% before paring back gains after its impressive results, which pushed the tech giant's market capitalization above $4 trillion. Markets are now looking to after-hours results from their "Magnificent Seven" peers, Apple (AAPL) and Amazon (AMZN), for reasons to keep the rally going. Meanwhile, the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) released on Thursday morning showed price increases accelerated in June as inflation remained above the Fed's 2% target. The release comes after the Fed held interest rates steady following its two-day policy meeting on Wednesday, with two Fed governors dissenting. Following the decision, Fed Chair Jerome Powell stressed "no decisions" had been made about a September rate cut, undercutting President Trump's claim he had heard a cut was coming at policymakers' next meeting. Bets on a September cut fell below 40% on Thursday, according to the CME Group, down from about 60% before the meeting. Stocks pared gains after President Trump announced a 90-day tariff extension for Mexico on the eve of Trump's deadline on Friday, allowing more time for the two sides to negotiate. The announcement follows a flurry of trade deals, including a pact with South Korea announced late Wednesday that sets a 15% tariff rate on its imports. US exports will face zero duties in return, and Seoul has agreed to make $350 billion in US investment and pledged to buy US energy products, Trump wrote in a social media post. Trump talks with Canada, India, and Brazil in a stalemate as his tariff deadline looms Yahoo Finance's Ben Werschkul reports: President Trump's tariff agenda is nearing a moment of truth with an Aug. 1 deadline just hours away and set to establish a new baseline rate of 15% on most of the world. Many final moves have come in a flurry (from a deal with South Korea to a delay with Mexico), but three key nations across three continents — Canada, India, and Brazil — have seen their talks go sideways for vastly different reasons. Importers there are now likely to face higher rates at least for the time being, leaving relationships with the world's largest recipient of US goods (Canada), the world's fourth-largest economy (India), and the Western Hemisphere's second-most-populous nation (Brazil) all in flux. Read more here. Apple Q3 earnings to give Wall Street better view of tariff impact, AI top of mind Apple (AAPL) is scheduled to announce its third quarter earnings after the bell on Thursday, as Wall Street looks for signs of movement on the company's AI plans and a view into how much tariff-related costs are eating into its margins, Yahoo Finance's Dan Howley reports. Howley writes: Read more about the tech giant's upcoming quarterly results here. Meme stocks are melting as investors look toward Big Tech Meme stock FOMO is taking a breather, Yahoo Finance's Francisco Velasquez reports. Velasquez writes: Read the full story here. Reddit stock jumps ahead of Q2 earnings Reddit shares jumped nearly 5% Thursday morning ahead of the social media's second quarter earnings report after the bell. Reddit's results after the bell Thursday come as Wall Street scrutinizes how changes to Google Search's algorithm could affect the social media platform's daily active users, which fell below expectations in the US in the past two quarters. Wall Street analysts tracked by Bloomberg expect Reddit to report adjusted earnings per share of $0.72, up from last year's loss per share of $0.06. They project the company's second quarter revenue to hit $425 million, up 50% from the prior year, according to Bloomberg data. Analysts expect global daily active users to climb 20% from the prior year to roughly 110 million for the period and US users to rise more than 9% to 50.5 million. Read more about Reddit's upcoming report here. CoreWeave soars after Microsoft reports higher-than-expected capital expenditures CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave's largest customer, accounting for 72% of its revenue in the burgeoning cloud provider's most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025, ahead of the $80 billion it previously forecast. That figure represented a 58% increase in the tech giant's spending from the prior year. Microsoft said its spending will grow at a slower pace in its 2026 fiscal year. During the first quarter, it expects to spend $30 billion, a 50% increase from the prior year. "We will continue to invest against the expansive opportunity ahead across both capital expenditures and operating expenses given our leadership position in commercial cloud, strong demand signals for our cloud and AI offerings, and significant contracted backlog," Microsoft CFO Amy Hood said in an earnings call with analysts. Microsoft tops $4 trillion Microsoft's (MSFT) market capitalization officially hit the $4 trillion mark Thursday, making it the second company behind Nvidia (NVDA) to achieve the feat. Shares of Microsoft climbed as much as 8% Thursday morning before paring gains, up roughly 5% shortly after the market opened. Microsoft, Apple (AAPL), and Nvidia have traded places as the world's most valuable companies. Nvidia still retains the top spot after a stunning comeback from a rocky first half of the year, with its market cap sitting around $4.4 trillion as of Thursday. Apple's was just over $3 trillion in morning trading. S&P 500, Nasdaq surge at the open The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) surged on Thursday, on track for fresh record highs after strong Meta (META) and Microsoft (MSFT) earnings fueled a spike in tech stocks. The Nasdaq climbed roughly 1.3%, while the S&P 500 rose 0.8%. The Dow Jones Industrial Average (^DJI) lagged, up less than 0.1%. Microsoft set to join $4T market cap club, Meta stock surges in post-earnings rally Microsoft (MSFT) and Meta (META) stocks ripped higher in premarket trading as investors continued to bid up shares following the tech giants' earnings reports. Combined, the two stocks have added about half a trillion dollars in market value since Wednesday's close. If gains hold, Microsoft is set to join Nvidia (NVDA) in the $4 trillion market capitalization club when the market opens. Its market cap as of Wednesday stood at $3.81 trillion, and the stock has gained nearly 9% in premarket trading. Meta stock surged 11% ahead of the opening bell. Both Meta and Microsoft reported strong revenue growth that outweighed investors' concerns about spending on artificial intelligence. 'The stock moves make sense — the results are that good,' D.A. Davidson head of technology research Gil Luria told Yahoo Finance following Meta's and Microsoft's earnings. 'Meta is gaining significant share in the digital advertising market, … and therefore investors have patience for the capex guidance they're providing.' Fed's preferred inflation gauge shows price increases accelerated in June amid tariff uncertainty The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in June as inflation remained above the Fed's 2% target. Yahoo Finance's Josh Schafer reports: Read more here. Roblox stock soars as daily active users surpass 100 million Roblox's (RBLX) stock rocketed 20% higher in premarket trading after reporting record daily users and raising its third quarter forecast for bookings. Daily active users rose 41% in the second quarter to cross 111 million, the company reported on Thursday. Roblox also raised its forecast for annual bookings in the third quarter to $1.59 billion to $1.64 billion. Bookings for the second quarter came in at $1.44 billion, beating market estimates of $1.24 billion. Reuters reports that the company has been investing in search and discovery features that allow greater visibility for viral games like "Grow a Garden." Roblox also aims to diversify its revenue beyond gaming by turning the platform into a hub for socializing, commerce, and advertising. The platform saw a boost in engagement during the quarter, with engaged hours up 58% to 27.4 billion. Read more here. What's in the US-EU trade deal depends on who is doing the talking President Trump and European Commission President Ursula von der Leyen shook hands Sunday over a trade agreement. The White House did a victory lap, but days later, there are still plenty of disagreements about exactly what is in the pact. Yahoo Finance's Ben Werschkul reports: Read more here. A quirk in the Fed's calendar puts extra pressure on the Sept. meeting Yahoo Finance's Hamza Shaban takes a look at the Federal Reserve's next move in today's Morning Brief: Read more here on how a long wait could result in a different outlook. Good morning. Here's what's happening today. Economic data: Challenger jobs cuts (July); Personal income & spending (June); Core PCE price index; Employment cost index (second quarter); Initial jobless claims (week ending July 26) Earnings: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Here are some of the biggest stories you may have missed overnight and early this morning: Trump knocks Canada as countries rush to strike trade deals Trump tariffs face another legal test on eve of deadline Apple faces 2 major threats ahead of earnings What's in the US-EU trade deal? It depends on who's talking. Fed calendar quirk raises the stakes for its Sept. meeting Meta stock surges after earnings beat, guidance surprise Microsoft on track for $4 trillion market cap after earnings beat Arm stock falls as chip ambitions shake investor confidence Trending tickers: ARM, CVS and Confluent Here are some top stocks trending on Yahoo Finance in premarket trading: Arm (ARM) stock fell 6% on Thursday before the bell following the announcement of the chip tech provider's plan to invest in its own chip development, which would bite into future profits, disappointed investors. CVS (CVS) stock jumped 7% in premarket on Thursday after the company beat Wall Street estimates for second-quarter profit. Confluent Inc (CFLT) stock rose over 20% premarket following the company's positive earnings report. The data streaming platform reported a 21% growth in subscription revenue and a 28% growth in Confluent Cloud revenue for Q2 2025. Carvana posts higher quarterly profit on record car sales Shares in Carvana (CVNA) surged over 15% in premarket trading after the online used-car seller defied expectations with strong second quarter results and outlook. Bloomberg reports: Read more here. EBay stock rises as resilient consumers fuel strong sales forecast EBay (EBAY) stock jumped on Thursday before the bell after the e-commerce company forecasted sales that topped analysts' estimates, suggesting optimism for continued consumer resilience at a time of shifting US tariff proposals. Bloomberg News reports: Read more here. AB InBev shares slide on concern over sales volumes Beer giant Anheuser-Busch InBev (BUD) stock slumped more than 9% before the bell on Thursday after reporting that its second quarter sales volumes fell more than expected due to weak demand in Brazil and China, adding to investor worries over industry growth and hitting its shares. Reuters reports: Read more here. Qualcomm on the move lower Qualcomm's (QCOM) not playing in the big-cap tech stock euphoria this morning led by Microsoft (MSFT) and Meta (META) post earnings. Its shares are down 6% premarket. The company's earnings late Wednesday were fine. But the Street is calling out a few things that are giving the bears the win, for now. This note from HSBC's Ryan Mellor this morning captures it all nicely: This is remarkable on Meta Meta's (META) stock is rocking higher in premarket, to the tune of 12% after a monster quarter. Got to love the market ignoring the capex stuff in its earnings release below, and focusing in on Meta's revenue trends (strong). "We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion, narrowed from our prior outlook of $64-72 billion and up approximately $30 billion year-over-year at the mid-point. While the infrastructure planning process remains highly dynamic, we currently expect another year of similarly significant capital expenditures dollar growth in 2026 as we continue aggressively pursuing opportunities to bring additional capacity online to meet the needs of our artificial intelligence efforts and business operations," Meta said. Bottom line: bull market ... carry on! Microsoft earnings call: A quick take A bit of a sleepy earnings call from Microsoft (MSFT) after the close, filled with the typical Satya Nadella tech jargon. Bottom line is this: Azure sales crushed, and there was zero signs of peaking AI demand. That should be good enough for the bulls. "We expect stock to trade up given continued large Azure growth beats and a positive AI trajectory even with continued capacity constraints. We think this also bodes well for other AI infrastructure names in our coverage (Oracle (ORCL), Coreweave (CRWV)," Citi analyst Tyler Radke said. Trump talks with Canada, India, and Brazil in a stalemate as his tariff deadline looms Yahoo Finance's Ben Werschkul reports: President Trump's tariff agenda is nearing a moment of truth with an Aug. 1 deadline just hours away and set to establish a new baseline rate of 15% on most of the world. Many final moves have come in a flurry (from a deal with South Korea to a delay with Mexico), but three key nations across three continents — Canada, India, and Brazil — have seen their talks go sideways for vastly different reasons. Importers there are now likely to face higher rates at least for the time being, leaving relationships with the world's largest recipient of US goods (Canada), the world's fourth-largest economy (India), and the Western Hemisphere's second-most-populous nation (Brazil) all in flux. Read more here. Yahoo Finance's Ben Werschkul reports: President Trump's tariff agenda is nearing a moment of truth with an Aug. 1 deadline just hours away and set to establish a new baseline rate of 15% on most of the world. Many final moves have come in a flurry (from a deal with South Korea to a delay with Mexico), but three key nations across three continents — Canada, India, and Brazil — have seen their talks go sideways for vastly different reasons. Importers there are now likely to face higher rates at least for the time being, leaving relationships with the world's largest recipient of US goods (Canada), the world's fourth-largest economy (India), and the Western Hemisphere's second-most-populous nation (Brazil) all in flux. Read more here. Apple Q3 earnings to give Wall Street better view of tariff impact, AI top of mind Apple (AAPL) is scheduled to announce its third quarter earnings after the bell on Thursday, as Wall Street looks for signs of movement on the company's AI plans and a view into how much tariff-related costs are eating into its margins, Yahoo Finance's Dan Howley reports. Howley writes: Read more about the tech giant's upcoming quarterly results here. Apple (AAPL) is scheduled to announce its third quarter earnings after the bell on Thursday, as Wall Street looks for signs of movement on the company's AI plans and a view into how much tariff-related costs are eating into its margins, Yahoo Finance's Dan Howley reports. Howley writes: Read more about the tech giant's upcoming quarterly results here. Meme stocks are melting as investors look toward Big Tech Meme stock FOMO is taking a breather, Yahoo Finance's Francisco Velasquez reports. Velasquez writes: Read the full story here. Meme stock FOMO is taking a breather, Yahoo Finance's Francisco Velasquez reports. Velasquez writes: Read the full story here. Reddit stock jumps ahead of Q2 earnings Reddit shares jumped nearly 5% Thursday morning ahead of the social media's second quarter earnings report after the bell. Reddit's results after the bell Thursday come as Wall Street scrutinizes how changes to Google Search's algorithm could affect the social media platform's daily active users, which fell below expectations in the US in the past two quarters. Wall Street analysts tracked by Bloomberg expect Reddit to report adjusted earnings per share of $0.72, up from last year's loss per share of $0.06. They project the company's second quarter revenue to hit $425 million, up 50% from the prior year, according to Bloomberg data. Analysts expect global daily active users to climb 20% from the prior year to roughly 110 million for the period and US users to rise more than 9% to 50.5 million. Read more about Reddit's upcoming report here. Reddit shares jumped nearly 5% Thursday morning ahead of the social media's second quarter earnings report after the bell. Reddit's results after the bell Thursday come as Wall Street scrutinizes how changes to Google Search's algorithm could affect the social media platform's daily active users, which fell below expectations in the US in the past two quarters. Wall Street analysts tracked by Bloomberg expect Reddit to report adjusted earnings per share of $0.72, up from last year's loss per share of $0.06. They project the company's second quarter revenue to hit $425 million, up 50% from the prior year, according to Bloomberg data. Analysts expect global daily active users to climb 20% from the prior year to roughly 110 million for the period and US users to rise more than 9% to 50.5 million. Read more about Reddit's upcoming report here. CoreWeave soars after Microsoft reports higher-than-expected capital expenditures CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave's largest customer, accounting for 72% of its revenue in the burgeoning cloud provider's most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025, ahead of the $80 billion it previously forecast. That figure represented a 58% increase in the tech giant's spending from the prior year. Microsoft said its spending will grow at a slower pace in its 2026 fiscal year. During the first quarter, it expects to spend $30 billion, a 50% increase from the prior year. "We will continue to invest against the expansive opportunity ahead across both capital expenditures and operating expenses given our leadership position in commercial cloud, strong demand signals for our cloud and AI offerings, and significant contracted backlog," Microsoft CFO Amy Hood said in an earnings call with analysts. CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave's largest customer, accounting for 72% of its revenue in the burgeoning cloud provider's most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025, ahead of the $80 billion it previously forecast. That figure represented a 58% increase in the tech giant's spending from the prior year. Microsoft said its spending will grow at a slower pace in its 2026 fiscal year. During the first quarter, it expects to spend $30 billion, a 50% increase from the prior year. "We will continue to invest against the expansive opportunity ahead across both capital expenditures and operating expenses given our leadership position in commercial cloud, strong demand signals for our cloud and AI offerings, and significant contracted backlog," Microsoft CFO Amy Hood said in an earnings call with analysts. Microsoft tops $4 trillion Microsoft's (MSFT) market capitalization officially hit the $4 trillion mark Thursday, making it the second company behind Nvidia (NVDA) to achieve the feat. Shares of Microsoft climbed as much as 8% Thursday morning before paring gains, up roughly 5% shortly after the market opened. Microsoft, Apple (AAPL), and Nvidia have traded places as the world's most valuable companies. Nvidia still retains the top spot after a stunning comeback from a rocky first half of the year, with its market cap sitting around $4.4 trillion as of Thursday. Apple's was just over $3 trillion in morning trading. Microsoft's (MSFT) market capitalization officially hit the $4 trillion mark Thursday, making it the second company behind Nvidia (NVDA) to achieve the feat. Shares of Microsoft climbed as much as 8% Thursday morning before paring gains, up roughly 5% shortly after the market opened. Microsoft, Apple (AAPL), and Nvidia have traded places as the world's most valuable companies. Nvidia still retains the top spot after a stunning comeback from a rocky first half of the year, with its market cap sitting around $4.4 trillion as of Thursday. Apple's was just over $3 trillion in morning trading. S&P 500, Nasdaq surge at the open The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) surged on Thursday, on track for fresh record highs after strong Meta (META) and Microsoft (MSFT) earnings fueled a spike in tech stocks. The Nasdaq climbed roughly 1.3%, while the S&P 500 rose 0.8%. The Dow Jones Industrial Average (^DJI) lagged, up less than 0.1%. The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) surged on Thursday, on track for fresh record highs after strong Meta (META) and Microsoft (MSFT) earnings fueled a spike in tech stocks. The Nasdaq climbed roughly 1.3%, while the S&P 500 rose 0.8%. The Dow Jones Industrial Average (^DJI) lagged, up less than 0.1%. Microsoft set to join $4T market cap club, Meta stock surges in post-earnings rally Microsoft (MSFT) and Meta (META) stocks ripped higher in premarket trading as investors continued to bid up shares following the tech giants' earnings reports. Combined, the two stocks have added about half a trillion dollars in market value since Wednesday's close. If gains hold, Microsoft is set to join Nvidia (NVDA) in the $4 trillion market capitalization club when the market opens. Its market cap as of Wednesday stood at $3.81 trillion, and the stock has gained nearly 9% in premarket trading. Meta stock surged 11% ahead of the opening bell. Both Meta and Microsoft reported strong revenue growth that outweighed investors' concerns about spending on artificial intelligence. 'The stock moves make sense — the results are that good,' D.A. Davidson head of technology research Gil Luria told Yahoo Finance following Meta's and Microsoft's earnings. 'Meta is gaining significant share in the digital advertising market, … and therefore investors have patience for the capex guidance they're providing.' Microsoft (MSFT) and Meta (META) stocks ripped higher in premarket trading as investors continued to bid up shares following the tech giants' earnings reports. Combined, the two stocks have added about half a trillion dollars in market value since Wednesday's close. If gains hold, Microsoft is set to join Nvidia (NVDA) in the $4 trillion market capitalization club when the market opens. Its market cap as of Wednesday stood at $3.81 trillion, and the stock has gained nearly 9% in premarket trading. Meta stock surged 11% ahead of the opening bell. Both Meta and Microsoft reported strong revenue growth that outweighed investors' concerns about spending on artificial intelligence. 'The stock moves make sense — the results are that good,' D.A. Davidson head of technology research Gil Luria told Yahoo Finance following Meta's and Microsoft's earnings. 'Meta is gaining significant share in the digital advertising market, … and therefore investors have patience for the capex guidance they're providing.' Fed's preferred inflation gauge shows price increases accelerated in June amid tariff uncertainty The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in June as inflation remained above the Fed's 2% target. Yahoo Finance's Josh Schafer reports: Read more here. The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in June as inflation remained above the Fed's 2% target. Yahoo Finance's Josh Schafer reports: Read more here. Roblox stock soars as daily active users surpass 100 million Roblox's (RBLX) stock rocketed 20% higher in premarket trading after reporting record daily users and raising its third quarter forecast for bookings. Daily active users rose 41% in the second quarter to cross 111 million, the company reported on Thursday. Roblox also raised its forecast for annual bookings in the third quarter to $1.59 billion to $1.64 billion. Bookings for the second quarter came in at $1.44 billion, beating market estimates of $1.24 billion. Reuters reports that the company has been investing in search and discovery features that allow greater visibility for viral games like "Grow a Garden." Roblox also aims to diversify its revenue beyond gaming by turning the platform into a hub for socializing, commerce, and advertising. The platform saw a boost in engagement during the quarter, with engaged hours up 58% to 27.4 billion. Read more here. Roblox's (RBLX) stock rocketed 20% higher in premarket trading after reporting record daily users and raising its third quarter forecast for bookings. Daily active users rose 41% in the second quarter to cross 111 million, the company reported on Thursday. Roblox also raised its forecast for annual bookings in the third quarter to $1.59 billion to $1.64 billion. Bookings for the second quarter came in at $1.44 billion, beating market estimates of $1.24 billion. Reuters reports that the company has been investing in search and discovery features that allow greater visibility for viral games like "Grow a Garden." Roblox also aims to diversify its revenue beyond gaming by turning the platform into a hub for socializing, commerce, and advertising. The platform saw a boost in engagement during the quarter, with engaged hours up 58% to 27.4 billion. Read more here. What's in the US-EU trade deal depends on who is doing the talking President Trump and European Commission President Ursula von der Leyen shook hands Sunday over a trade agreement. The White House did a victory lap, but days later, there are still plenty of disagreements about exactly what is in the pact. Yahoo Finance's Ben Werschkul reports: Read more here. President Trump and European Commission President Ursula von der Leyen shook hands Sunday over a trade agreement. The White House did a victory lap, but days later, there are still plenty of disagreements about exactly what is in the pact. Yahoo Finance's Ben Werschkul reports: Read more here. A quirk in the Fed's calendar puts extra pressure on the Sept. meeting Yahoo Finance's Hamza Shaban takes a look at the Federal Reserve's next move in today's Morning Brief: Read more here on how a long wait could result in a different outlook. Yahoo Finance's Hamza Shaban takes a look at the Federal Reserve's next move in today's Morning Brief: Read more here on how a long wait could result in a different outlook. Good morning. Here's what's happening today. Economic data: Challenger jobs cuts (July); Personal income & spending (June); Core PCE price index; Employment cost index (second quarter); Initial jobless claims (week ending July 26) Earnings: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Here are some of the biggest stories you may have missed overnight and early this morning: Trump knocks Canada as countries rush to strike trade deals Trump tariffs face another legal test on eve of deadline Apple faces 2 major threats ahead of earnings What's in the US-EU trade deal? It depends on who's talking. Fed calendar quirk raises the stakes for its Sept. meeting Meta stock surges after earnings beat, guidance surprise Microsoft on track for $4 trillion market cap after earnings beat Arm stock falls as chip ambitions shake investor confidence Economic data: Challenger jobs cuts (July); Personal income & spending (June); Core PCE price index; Employment cost index (second quarter); Initial jobless claims (week ending July 26) Earnings: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Health (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Strategy (MSTR) Here are some of the biggest stories you may have missed overnight and early this morning: Trump knocks Canada as countries rush to strike trade deals Trump tariffs face another legal test on eve of deadline Apple faces 2 major threats ahead of earnings What's in the US-EU trade deal? It depends on who's talking. Fed calendar quirk raises the stakes for its Sept. meeting Meta stock surges after earnings beat, guidance surprise Microsoft on track for $4 trillion market cap after earnings beat Arm stock falls as chip ambitions shake investor confidence Trending tickers: ARM, CVS and Confluent Here are some top stocks trending on Yahoo Finance in premarket trading: Arm (ARM) stock fell 6% on Thursday before the bell following the announcement of the chip tech provider's plan to invest in its own chip development, which would bite into future profits, disappointed investors. CVS (CVS) stock jumped 7% in premarket on Thursday after the company beat Wall Street estimates for second-quarter profit. Confluent Inc (CFLT) stock rose over 20% premarket following the company's positive earnings report. The data streaming platform reported a 21% growth in subscription revenue and a 28% growth in Confluent Cloud revenue for Q2 2025. Here are some top stocks trending on Yahoo Finance in premarket trading: Arm (ARM) stock fell 6% on Thursday before the bell following the announcement of the chip tech provider's plan to invest in its own chip development, which would bite into future profits, disappointed investors. CVS (CVS) stock jumped 7% in premarket on Thursday after the company beat Wall Street estimates for second-quarter profit. Confluent Inc (CFLT) stock rose over 20% premarket following the company's positive earnings report. The data streaming platform reported a 21% growth in subscription revenue and a 28% growth in Confluent Cloud revenue for Q2 2025. Carvana posts higher quarterly profit on record car sales Shares in Carvana (CVNA) surged over 15% in premarket trading after the online used-car seller defied expectations with strong second quarter results and outlook. Bloomberg reports: Read more here. Shares in Carvana (CVNA) surged over 15% in premarket trading after the online used-car seller defied expectations with strong second quarter results and outlook. Bloomberg reports: Read more here. EBay stock rises as resilient consumers fuel strong sales forecast EBay (EBAY) stock jumped on Thursday before the bell after the e-commerce company forecasted sales that topped analysts' estimates, suggesting optimism for continued consumer resilience at a time of shifting US tariff proposals. Bloomberg News reports: Read more here. EBay (EBAY) stock jumped on Thursday before the bell after the e-commerce company forecasted sales that topped analysts' estimates, suggesting optimism for continued consumer resilience at a time of shifting US tariff proposals. Bloomberg News reports: Read more here. AB InBev shares slide on concern over sales volumes Beer giant Anheuser-Busch InBev (BUD) stock slumped more than 9% before the bell on Thursday after reporting that its second quarter sales volumes fell more than expected due to weak demand in Brazil and China, adding to investor worries over industry growth and hitting its shares. Reuters reports: Read more here. Beer giant Anheuser-Busch InBev (BUD) stock slumped more than 9% before the bell on Thursday after reporting that its second quarter sales volumes fell more than expected due to weak demand in Brazil and China, adding to investor worries over industry growth and hitting its shares. Reuters reports: Read more here. Qualcomm on the move lower Qualcomm's (QCOM) not playing in the big-cap tech stock euphoria this morning led by Microsoft (MSFT) and Meta (META) post earnings. Its shares are down 6% premarket. The company's earnings late Wednesday were fine. But the Street is calling out a few things that are giving the bears the win, for now. This note from HSBC's Ryan Mellor this morning captures it all nicely: Qualcomm's (QCOM) not playing in the big-cap tech stock euphoria this morning led by Microsoft (MSFT) and Meta (META) post earnings. Its shares are down 6% premarket. The company's earnings late Wednesday were fine. But the Street is calling out a few things that are giving the bears the win, for now. This note from HSBC's Ryan Mellor this morning captures it all nicely: This is remarkable on Meta Meta's (META) stock is rocking higher in premarket, to the tune of 12% after a monster quarter. Got to love the market ignoring the capex stuff in its earnings release below, and focusing in on Meta's revenue trends (strong). "We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion, narrowed from our prior outlook of $64-72 billion and up approximately $30 billion year-over-year at the mid-point. While the infrastructure planning process remains highly dynamic, we currently expect another year of similarly significant capital expenditures dollar growth in 2026 as we continue aggressively pursuing opportunities to bring additional capacity online to meet the needs of our artificial intelligence efforts and business operations," Meta said. Bottom line: bull market ... carry on! Meta's (META) stock is rocking higher in premarket, to the tune of 12% after a monster quarter. Got to love the market ignoring the capex stuff in its earnings release below, and focusing in on Meta's revenue trends (strong). "We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion, narrowed from our prior outlook of $64-72 billion and up approximately $30 billion year-over-year at the mid-point. While the infrastructure planning process remains highly dynamic, we currently expect another year of similarly significant capital expenditures dollar growth in 2026 as we continue aggressively pursuing opportunities to bring additional capacity online to meet the needs of our artificial intelligence efforts and business operations," Meta said. Bottom line: bull market ... carry on! Microsoft earnings call: A quick take A bit of a sleepy earnings call from Microsoft (MSFT) after the close, filled with the typical Satya Nadella tech jargon. Bottom line is this: Azure sales crushed, and there was zero signs of peaking AI demand. That should be good enough for the bulls. "We expect stock to trade up given continued large Azure growth beats and a positive AI trajectory even with continued capacity constraints. We think this also bodes well for other AI infrastructure names in our coverage (Oracle (ORCL), Coreweave (CRWV)," Citi analyst Tyler Radke said. A bit of a sleepy earnings call from Microsoft (MSFT) after the close, filled with the typical Satya Nadella tech jargon. Bottom line is this: Azure sales crushed, and there was zero signs of peaking AI demand. That should be good enough for the bulls. "We expect stock to trade up given continued large Azure growth beats and a positive AI trajectory even with continued capacity constraints. We think this also bodes well for other AI infrastructure names in our coverage (Oracle (ORCL), Coreweave (CRWV)," Citi analyst Tyler Radke said.
Yahoo
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Google loses appeal over app store overhaul in Epic Games case
Google lost its appeal of a judge's court order requiring the tech giant to revamp its app store in an antitrust case filed by Fortnite maker Epic Games, Reuters reported on Thursday. The 9th U.S. Circuit Court of Appeals rejected Google's argument that the trial judge made legal errors in the antitrust case that unfairly favored Epic Games. Epic Games first filed its lawsuit in 2020 and was able to convince a jury in 2023 that Google illegally stifled competition. The trial judge ordered Google last October to open its app store to rivals and give Android users more choice when it comes to downloading apps. The order was on hold pending the outcome of Google's appeal. Google argued to the appeals court that its Play Store competes with Apple's App Store, and claimed that the trial judge unfairly prevented it from presenting that argument in defense against Epic's antitrust claims. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Meta's earnings blowout has destroyed tech's AI concern: Opening Bid top takeaway
A Big Tech blowout. After strong second quarter earnings reports from Alphabet (GOOG) and Netflix (NFLX), the market was ready to be amazed by Microsoft (MSFT) and Meta (META). What investors got was flat-out noteworthy given the gargantuan size of these beasts. Meta delivered 22% revenue growth to $47.52 billion as AI investments fuel improved ad monetization. On the earnings call, co-founder and CEO Mark Zuckerberg sounded like an AI overlord, hyping up his recent hiring of Alexandr Wang to build out a superintelligence unit. No matter that Meta guided to a roughly $30 billion year-over-year increase in capital expenditures this year! "Meta's 2Q results reinforced that AI is driving positive impacts on engagement and advertising, which enables Meta to invest more in AI capacity," KeyBanc analyst Justin Patterson wrote. Microsoft was no slouch. The company's Azure business sales accelerated, which has analysts foaming at the mouth. Guidance looked solid too. Guggenheim analyst John DiFucci noted, "Nights like this make us wonder why we couldn't get there with Microsoft when it was below $400 [a share], but frankly, we didn't see this coming, though in fairness to Microsoft management, they said it was." Lost in the robust tech reports is Federal Reserve chair Jay Powell sounding more like a hawk than a dove at his presser Wednesday afternoon. And an honorable mention is the 27% surge in Wingstop's (WING) stock on Wednesday after strong earnings (watch the CEO on Opening Bid above). Although it's an embarrassment of riches for investors today in terms of catalysts, it's Meta that deserves a zoom-in. Zoom-in: Meta wows Zuckerberg delivered, and then some. On top of the 22% sales increase, the company signaled the good times will keep on rolling as it plows deeper into artificial intelligence. Perhaps more important than the sales increase is that operating profit margins rose despite mega-spending on AI projects. Meta's quarterly scorecard: Wins: The core advertising model is on fire. AI investments are clearly paying off. Zuckerberg is as engaged as ever. Losses: Super lofty guidance for 2026 capex spending. What analysts are saying: "In addition to bringing tools for advertisers to better reach clients, AI can also be a source of currently unpriced revenue streams at WhatsApp (only a few regions use these messaging apps to engage with customers), including with Agentic AI. Also, with Meta AI (accessible from WhatsApp or via a standalone app in the US, for example), Meta could capture more search related traffic and open new ad opportunities. Were WhatsApp standalone to attract the same ad/services dollars as Facebook or Instagram, and assuming 10% cannibalisation rate, we calculate a $50 billion revenue opportunity in 2030." -HSBC's Neil Churchill "Meta's 2Q results reinforced that AI is driving positive impacts on engagement and advertising, which enables Meta to invest more in AI capacity. The difference today we see vs. 2022's over-spending concerns is: 1) core revenue growth is healthy; 2) the relationship between capex and AI are clear; 3) medium-term growth drivers are clear (e.g., Business messaging, Meta AI, glasses); and 4) tax policy is supportive of capex investment." -KeyBanc's Justin Patterson "In our view Meta has a solid chance of being a leader in AI by taking advantage of its heavy investment in equipment/talent, existing relationship with ~3.4 billion users, large amounts of data and the decision to go (mostly) open-source ... Importantly, even if Llama does not become a significant standalone revenue generating business for Meta it still is likely to put them in a position to accumulate a massive amount of additional data to improve their AI." -Pivotal Research's Jeff Wlodarczak The bottom line: We've heard for the better part of a year that aggressive AI spending by tech companies would hammer their profits and then their stocks. That thesis is proving wrong. Just look at the results from Microsoft and Meta! AI investments are fueling their top and bottom Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
