📈 Stocks / Finance

Meta stock surges 9% on Q2 earnings beat and AI-driven outlook

Investor’s Business Daily

Meta posted Q2 EPS of $7.14 vs. $5.88 expected, with revenue up 22% to $47.52B. The company raised its Q3 sales forecast to $49B and lifted 2025 capex to $69B amid aggressive AI expansion. Shares rose over 9% after hours, now up 19% YTD.

Traders eye potential Amazon breakout ahead of Q2 earnings

Investopedia

Options pricing suggests Amazon shares could swing ±5% after Thursday’s Q2 earnings. A move to $242 would near February’s record highs. Analysts remain bullish, with a $249.76 average target implying 8% upside from current levels near $230.

Senate panel advances bill to ban congressional stock trading

CBS News

A Senate committee passed a bill banning lawmakers and spouses from trading individual stocks, with Sen. Josh Hawley joining Democrats in an 8–7 vote. The proposed Honest Act would mandate stock divestment within 180 days and introduce biannual compliance audits.

🪙 Crypto

White House crypto report proposes reserve, self-custody rights

The Block

The White House released a 168-page crypto report endorsing blockchain innovation and proposing a Treasury-run crypto reserve funded by forfeitures. It recommends self-custody rights, CFTC oversight of spot markets, tax guidance, and exemptions for certain securities distributions.

🌎 Global Economy

AI and tariffs reshape 2025 global economic outlook

Philly Voice

Bryn Mawr Trust warns that AI breakthroughs from China and U.S. trade wars mark a structural shift in the global economy. Tariffs, inflation, and policy lag may dampen U.S. growth, while international equities outperform on favorable central bank moves and supply chain realignment.