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Musk likely to face tough questions during SpaceX's first earnings call as a public company
Associated Press54d agoneutral
Musk likely to face tough questions during SpaceX's first earnings call as a public company

Investors in Elon Musk's space company get a chance to question him Tuesday after SpaceX issues its first quarterly earnings since going public. SpaceX shares are down by half from their June peak as investors worry Musk may have oversold them on its future prospects. Part visionary engineer, part stock salesman, Musk is likely to be asked about when he expects to finish testing SpaceX's giant Starship rockets that NASA hopes to use to put men on the moon again, his plans for its satellite network and the prospects of putting football-field sized datacenters in orbit.

Diamondback Energy Lifts Production Guidance, Reports Surging Profit on High Oil Prices
The Wall Street Journal54d agoneutral
Diamondback Energy Lifts Production Guidance, Reports Surging Profit on High Oil Prices

Diamondback Energy lifted its production outlook and reported a surging second-quarter profit, as it benefited from the run-up in oil prices following the start of the war in Iran. The oil and natural gas company said it now plans to produce at least 522,000 barrels of oil a day. It expects total production guidance to be at least 1,000,000 barrels of oil equivalent per day, up from a prior forecast of 972,000.

Exxon (XOM) Reports Q2 Earnings: What Key Metrics Have to Say
Zacks54d agoneutral
Exxon (XOM) Reports Q2 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Exxon (XOM) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

SpaceX Has a Bit of an 'Identity Crisis,' Zhu Says
Bloomberg54d agoneutralVIDEO
SpaceX Has a Bit of an 'Identity Crisis,' Zhu Says

Moffettnathanson Research Analyst Julie Zhu says SpaceX almost has an "identity crisis." Elon Musk's company is set to report its first-ever quarterly earnings results on Tuesday after going public this summer. Zhu talks about what the team is looking for on "Bloomberg The Close."

SpaceX faces its first earnings test days before $100bn of stock is freed
Proactive54d agoneutral
SpaceX faces its first earnings test days before $100bn of stock is freed

Results land on Tuesday, with the first insider lock-up expiring on Thursday and the shares below their float price SpaceX Corp (NASDAQ:SPCX) will publish its first set of results as a listed company after the closing bell in New York on Tuesday, two days before the first tranche of insider...

Associated Press54d agoneutral
How major US stock indexes fared Monday 8/3/2026

The Dow Jones Industrial Average added 1.3% to set a record of its own, and the Nasdaq composite climbed 2.1%. Brent crude’s price fell 4.7% after President Donald Trump said he would hold off on ordering new strikes against Iran. The Nasdaq composite rose 540.04 points, or 2.1%, to 25,913.90.

Coca-Cola absorbs margin hit for expansion in key market
TheStreet54d agoneutral
Coca-Cola absorbs margin hit for expansion in key market

Coca-Cola just posted one of its stronger quarters in years, reporting growth in volume and revenue while earnings expanded by double digits. But look closely at Asia Pacific, and a different story appears. Operating income fell in the region, even as it logged solid volume growth. The reason ...

Why Did the Dow Hit a New Record Today?
The Wall Street Journal54d agoneutral
Why Did the Dow Hit a New Record Today?

The Dow Jones Industrial Average hit a new record today for the first time in nearly a month. It was the 22nd record close for the blue-chip average this year. Here were some of the biggest gainers in the index today.

Trump Blasts Big Oil Companies for ‘Making Too Much Money’
The Wall Street Journal54d agoneutral
Trump Blasts Big Oil Companies for ‘Making Too Much Money’

WASHINGTON—President Trump said Chevron and ExxonMobil are “making too much money” and should return some of their profits back to the public. “When you look at one company where they made 12 times what they made the year before, they ought to give some of that back to the public,” Trump told reporters in the Oval Office on Monday. “And they better cut the retail price, the consumer price.”

A ‘Magnificent’ Monday
The Wall Street Journal54d agoneutral
A ‘Magnificent’ Monday

Here's a look at the Magnificent Seven tech stocks, which are on quite a roll. The megacap stocks have added about $800 billion in market cap today alone, adding to about $1.1 trillion over the past two trading sessions, according to Dow Jones Market Data.