☀️📈 Top Stock Market Headlines for July 26

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This is Market Mornings. The fastest way to get the most important stock market news each day. Just the headlines, none of the other nonsense.

💰 Featured News

IMF Uplifts Global GDP Forecast for 2023, Cautions Over Inflation and Persistent Risks Despite Signs of Resilience - CNBC

US Consumer Confidence Soars to Two-Year High, Surpassing Analyst Estimates - CNN

Apple Hit with $1 Billion UK Lawsuit by App Developers Over Alleged App Store Monopolies

Microsoft Beats Earnings Expectations; Stock Slides as Investors Anticipate Forecast - CNBC

Alphabet Surpasses Q2 Estimates with Increased Ad Revenue and Cloud Growth - CNBC

Spotify Reports Record User Growth and Surpasses Expectations in Q2 2033, Stock Falls - CNBC

Banc of California in Advanced Talks to Buy PacWest, Announces Transformational Merger and $400 Million Equity Raise - Reuters

Unexpected Rise in Verizon's Wireless Subscribers Boosts Profits and Pushes Stock Higher Amid Earnings Concerns - Reuters

Snap Inc.'s Q2 2023 financial results show increase in users and revenue, but ongoing sales decline and soft Q3 outlook lead to after-hours stock drop - Reuters

Biogen Cuts 11% of Workforce for Costs Saving Amidst High Anticipation for Unprofitable Alzheimer's Drug's Launch & Earnings - Reuters

RTX raises 2023 sales outlook amid aviation rebound, but stock drops due to necessary inspections of Pratt & Whitney engines for potential defects - CNBC

Amazon Reduces Acquisition Price for iRobot Amid Debt Deal and Regulatory Scrutiny, Leading to 12% Fall in IRBT Stock - The Motley Fool

Dow's 12-day Winning Streak Faces Possible Pause Amid Investor Anticipation for Fed Rate Decision and Earnings Reports - CNN

Nio Stock Soars Amidst China's Optimistic Economy and Clean Energy Efforts, Spurring More Investor Interest - Benzinga

NatWest CEO Alison Rose Resigns Amid Controversy Over Farage Account Issue and Admits Role in Inaccurate Story - Reuters

3M's Q2 2023 Financial Results Beat Expectations Despite 'Forever Chemicals' Settlement; Company Raises Full-Year EPS Guidance - Investopedia

Logitech's Stock Rises After Earnings Beat, Despite Soft Sales Forecast, Leading to Positive Wall Street Attention and a 13% Jump - Investors Business Daily

Sherwin-Williams Beats Forecasts with Record Q2 Sales, Raises Guidance and Excels in Value Analysis - Proactive Investors

Unilever Shares Surge on Soaring Sales and Positive Full-Year Forecasts amid Peaking Inflation - Investopedia

🤝 Mergers and Acquisitions

Palette Life Sciences Enters Into Definitive Agreement with Teleflex Incorporated - GlobeNewsWire

SP Plus Corporation Acquires Assets of Roker Inc., a Fully-Integrated Mobility Management Platform that Enhances Our Existing Sphere Suite of Solutions - GlobeNewsWire

LPL Financial to Acquire Financial Services Provider Crown Capital Securities - GlobeNewsWire

ASSA ABLOY acquires Sunray Engineering in the UK - PRNewsWire

Oldcastle Infrastructure Expands Water Market Solutions Offering with Hydro International Acquisition - PRNewsWire

Trintech Acquires Financial Reconciliation Business from Fiserv - PRNewsWire

Century Casinos, Inc. Completes Acquisition of Rocky Gap Casino Resort Operations; Expands into Maryland - PRNewsWire

SYMETRYX CORP INCREASES NON-BINDING OFFER TO ACQUIRE CHECK-CAP TO $4.60 PER SHARE - PRNewsWire

Arthur J. Gallagher & Co. Acquires Hagan Insurance Group - PRNewsWire

Inpixon Enters into Definitive Merger Agreement with XTI Aircraft Company, Developer of a Vertical Lift Crossover Airplane (VLCA) - PRNewsWire

💼 Executives

House Judiciary Committee to vote on citing Zuckerberg in contempt of Congress for 'woefully inadequate' compliance with censorship probe - CNBC

GSK expects RSV vaccine uptake will be slower than for its shingles vaccine-CEO - Reuters

Elon Musk's X social-media site offers ad price sale: WSJ - WSJ

GM CEO Mary Barra on Q2 earnings results, UAW contract talks, EV competition - CNBC

Disney CEO Bob Iger facing criticism from striking actors and writers - CNBC

I'm excited for what Alzheimer's drugs will do for patients, says GE Healthcare CEO Peter Arduini - CNBC

Anywhere Real Estate CEO: We have more data to power A.I. than anyone in the industry - CNBC

Despite travel demand Alaska Airlines is seeing a loss in pricing power: Alaska CEO Ben Minicucci - CNBC

Starboard Value CEO Jeff Smith: It's a healthy market and we're looking at attractive companies - CNBC

RTX CEO on production impact from engine issue after rapid stock sell-off - CNBC

📈 Earnings

Coca-Cola is about to report earnings. Here's what to expect - CNBC

Nissan roughly doubles first-quarter profit, lifts outlook - Reuters

Deutsche Bank posts 27% fall in Q2 net profit, but better than expected - Reuters

LG Display posts 5th consecutive quarterly loss - Reuters

Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump - Reuters

AT&T logs earnings beat — and easily clears free-cash-flow bar - Market Watch

Hilton's stock rises as higher occupancy and rates leads to earnings beat, upbeat outlook - Market Watch

Visa earnings benefit from ‘resilient' spending as travel rebound continues - Market Watch

Albertsons beats earnings expectations, as retail price inflation, pharmacy and digital growth boosted sales - Market Watch

Kimberly-Clark profit drops by 77% but adjusted earnings and revenue beat estimates - Market Watch

🇺🇸 North America

UPS and Teamsters Union reach tentative agreement - CNBC

Kraft Heinz looks to revive Maxwell House brand with new instant iced latte with foam - CNBC

GM blames supplier for slow EV production, says Chevy Bolt EV will live on - CNBC

GM to add battery module assembly to some North American EV plants - Reuters

AT&T logs earnings beat — and easily clears free-cash-flow bar - Market Watch

Hilton's stock rises as higher occupancy and rates leads to earnings beat, upbeat outlook - Market Watch

Visa earnings benefit from ‘resilient' spending as travel rebound continues - Market Watch

LinkedIn sheds nearly 200 in Bay Area job cuts: report - Market Watch

Wells Fargo shares rise after $30 billion buyback, dividend raise - Market Watch

ESPN considers adding sports leagues as partners as it transitions from cable to streaming - Market Watch

Health giant Cigna accused of using algorithm to improperly reject thousands of patient claims - Market Watch

🇬🇧 Europe

Exclusive: EU antitrust regulators rejected Meta offer to curb use of ad data, sources say - Reuters

French antitrust watchdog issues statement of objection against Apple - Reuters

Amazon offers to change marketplace rules in the U.K. to address concerns from the competition authority - Market Watch

Lloyds upgrades performance outlook, improves interim dividend - Reuters

Porsche seeking investors, gigafactory site for Cellforce - Reuters

Porsche confirms forecast on 10.7% higher operating profit in H1 - Reuters

Deutsche Bank to buy back up to $497 mln in shares - Reuters

Nissan to take up to 600 mln euro stake in Renault EV unit under reshaped alliance - Reuters

Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance - CNBC

With 50 senior hires, Deutsche Bank sees advisory business at turning point - Reuters

🇨🇳 Asia

Alibaba Cloud to Support Meta AI Model for Chinese Users. Why It's a Big Deal. - Barrons

Samsung Unpacked could see smartphone shoppers flip over the Galaxy Fold 5 and Flip 5 - Market Watch

Hyundai Motor's Q2 net profit jumps 15%, slightly misses expectations - Reuters

NYC's infamous hot-sheet Liberty Inn fetches $22.5M in sale to Hyundai - New York Post

Taiwan Semi Invests Outside U.S. to Meet AI Chip Demand as Arizona Plant Delayed - Barrons

Toyota Battered in Car Survey - 24/7 Wall St

A Look at Baidu's Explosive Growth - GuruFocus

Jaguar Land Rover electric plans formulate as firm returns to profits - Proactive Investors

Why Is Dunxin Financial (DXF) Stock Up 1,000% Today? - InvestorPlace

A Legend Returns: 2024 Toyota Land Cruiser is Coming August 1 - PRNewsWire

Addentax Group Corp. Launches a Metaverse Project with NFTCN-Bigverse, Bridging Blockchain, Internet Content, and Society through NFT Art Innovation - PRNewsWire

🇲🇽 South / Central America

Santander Brasil's Q2 net profit up 5.5% from previous quarter - Reuters

Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia - WSJ

2Q23 Results: Telefônica Brasil S.A. - PRNewsWire

Announcement by Embraer S.A. of Offer to Purchase for Cash Certain Outstanding Securities Listed Below - PRNewsWire

🇿🇦 Africa News

Centamin PLC Announces Dividend Declaration - AccessWire