Outlooks were stable to positive, dampened by concern over inflation, the level of demand, and geopolitical and domestic policy uncertainty. Read more in the latest Beige Book:

$NBIS outlook is pretty insane yet again. $582.3M revenue (+454% Y/Y, +46% Q/Q) off ~50% adjusted EBITDA margin (AI Cloud). $8.04B cash on hand. Reiterates financial guide (2026 revenue: $3.0–$3.4B 2026 EoY ARR: $7–$9B), I was hoping for a raise, but it's already massive growth. Not really about this quarter financials, but these signals: - "We could sell our entire 2027 capacity on these terms today." massive visibility on demand - "4 customer agreements averaging over $1B+ each in contract value" - Around 70% of Q2 deals included customer prepayments - Contracted power guidance was raised again, from more ~4+ GW to 5 GW. (this used to be a concern vs. $IREN debate, but Nebius power guidance keeps going through the roof). - Expects $9B+ of prepayments in 2026 and says it has $40B+ of commitments. - annual contract value per MW keeps going brrr (>$40M/mw for Q3 short term capacity deals) Same bear story will always be there (eg. large $5.66B of capex with current GAAP net loss), but demand is extreme with massive visibility, with increasing AI Cloud adjusted EBITDA margins ( 24% -> 45% -> 50% progression) We kinda got this read through from all your hyperscaler cloud earnings and $CRWV backlog yesterday, but glad it's showing up in Weebius's earnings.

In our Midyear Outlook, we had three contrarian calls. No Fed hikes this year, the 9.1% mild correction in Feb/March would be the most we see this yr, and the labor market would improve. @greg_ip with a nice take on the labor market struggles here.

Pinterest gave a revenue outlook for the current quarter that disappointed investors worried about the company’s momentum despite posting strong user and revenue growth for the prior period

Weekly Market Outlook | Jul 27–31, 2026 A pivotal week puts the spotlight on the Fed’s policy decision, inflation data, Q2 economic growth and the next wave of Big Tech earnings. Key events: 7/27: U.S. Durable Goods Orders 7/28: FOMC meeting begins; Advance Goods Trade Balance & Inventories; Boeing, UPS, Coca-Cola and Visa earnings 7/29: Fed rate decision & press conference; Microsoft, Meta, Qualcomm, Arm, Procter & Gamble and Starbucks earnings 7/30: Q2 GDP advance estimate; June PCE inflation data; Initial jobless claims; Apple, Amazon and Mastercard earnings 7/31: Employment Cost Index; Final University of Michigan Consumer Sentiment; ExxonMobil, Chevron and AbbVie earnings Top watch: 7/29 Fed decision + Microsoft/Meta earnings, and 7/30 GDP/PCE inflation data + Apple/Amazon earnings For social sharing only. Not investment advice.

The US growth outlook for the second half of the year remains strong, but has eased slightly from the start of the year, according to David Mericle, Goldman Sachs chief US economist. He discusses the factors shaping the US economic outlook.

.@jeffkagan talks about his outlook on the telecommunications industry after $VZ showed strength in its earnings while $CHTR sold off to a 12-year low. He notes key competitors like $SPCX entering the industry as a headwind but believes new tech brought by AI will help alleviate downside risks. That said, Jeff says there will be winners and losers. .@TomWhite_S discusses an example options trade for Verizon. For more market news, tune in at: