☀️📈 Top Stock Market Headlines for July 27

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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

Fed raises interest rates to highest level in over 22 years, reshaping the U.S. economy - CNBC

Meta's Earnings Show Growth in Metaverse, Ads, and AI - CNBC

Major automakers join forces to challenge Tesla with $1 billion electric vehicle charging network - Fox Business

Expectations High for Federal Reserve's Decision on Long-Awaited Rate Hike - Fox Business

Fed Chair Powell: Inflation, data-dependent hikes, banking system, rate policy, and softening labor conditions in focus - CNN

Boeing's strong quarterly results and stock surge impress investors - Fox Business

Coca-Cola Surpasses Q2 Estimates, Raises 2023 Guidance amid Strong Demand; Stock Rises 1.9% Premarket - CNBC

Amid Lead Cable Issue, AT&T's Robust 2Q Earnings Successfully Surpass Estimates Enabled by Strategic Growth and Cost Cuts - Investopedia

Volkswagen Invests in XPeng and Announces Collaboration on EV Development - CNBC

Shell plc announces Q2 dividend and share buyback program amidst lower profits - CNBC

Mattel's Q2 Earnings Show Potential Barbie Boost but Sluggish Toy Demand Overshadows - CNN

Union Pacific's CEO change and earnings miss overshadowed by stock jump - Reuters

ServiceNow Earnings Beat and Strong Growth Drives Stock Gains - Investors Business Daily

Gap appoints Mattel executive Richard Dickson as new CEO - CNBC

Samsung Unveils New Foldable Phones, Watches, and Tablets - CNBC

Dish's stock soars as Boost Infinite brings wireless service to Amazon - PRNewsWire

UPS and Teamsters reach tentative deal, averting strike, but concerns remain - Fox Business

Wells Fargo Boosts Dividend and Announces $30 Billion Stock Buyback, Shares Soar in Response - CNBC

🤝 Mergers and Acquisitions

PacWest Stock Tanked, Then Soared, on the Same Takeover News - Barrons

California Banks Merge to Get Smaller - Wall Street Journal

Regional-bank stocks move up after PacWest deal suggests stabilization in sector - Market Watch

Source: Crowdstrike is close to acquiring Bionic.AI for between $200M and $300M - TechCrunch

JPMorgan Chase will reportedly pick up $1.8bn of loans following US regional bank merger - Proactive Investors

Lifezone Metals Completes Acquisition of Hydromet Lab and Engineering Firm, Simulus Group - GlobeNewsWire

North American Construction Group Announces Transformative Acquisition of MacKellar Group, A Leading Private Australian Heavy Equipment Solutions Provider - GlobeNewsWire

ABVC Signs Term Sheet to Acquire Real Estate Assets for Strategic Investments - GlobeNewsWire

SPS Commerce to Acquire TIE Kinetix - GlobeNewsWire

Altair Expands Digital Engineering Technology with Acquisition of OmniV - PRNewsWire

💼 Executives

Mark Zuckerberg Could Be Held in Contempt of Congress: What to Know - Wall Street Journal

A CEO quits and the BBC apologizes to Trump-ally Nigel Farage. A banking scandal erupts in Britain - CNBC

Nissan CEO spots key to cracking 'challenging' China market after demand slump - CNBC

CME Group CEO Terry Duffy: Manage your risk because everyone I've talked to got Fed 'dead wrong' - CNBC

Google's CFO Ruth Porat has a new job - Fox Business

Mercedes-Benz Raised Guidance After 'Very Solid' First Half, CEO Says - Bloomberg

Snapchat+, a subscription-based revenue stream, has hit 4M subscribers, says CEO Evan Spiegel - CNBC

Chipotle CEO Brian Niccol: We're really proud of our results - CNBC

CME Group CEO Terry Duffy reacts to Fed decision, A.I. and more - CNBC

Fiserv CEO Frank Bisignano: On the front end, financial institutions are not slowing down spending - CNBC

📈 Earnings

Samsung reports 95% drop in profit, but expects global demand to recover in second half of the year - CNBC

TE Connectivity Beat Earnings Estimates. Tesla Helped. - Barrons

Barclays announces share buyback as second-quarter profit meets target - CNBC

Microsoft shares fall after earnings report as analysts digest a delayed A.I. ramp - CNBC

Snap Shares Fall After Another Earnings Miss - Bloomberg

BNP Cost Controls Lead to Second Quarter Earnings Beat - Bloomberg

Netflix Has a Plan to Boost Ad Revenue Growth. It Involves Microsoft. - Barrons

eBay Shares Drop Despite Earnings Beat - Barrons

Alphabet stock rises on Q2 results, crushes ad slowdown worries driven by search - Yahoo Finance

Canada's Rogers misses quarterly revenue estimates - Reuters

🇺🇸 North America

Southwest Airlines shares slide as costs rise, unit revenues slip - CNBC

Amazon cuts jobs at Fresh grocery stores - CNBC

Bud Light Brewer Lays Off Hundreds of U.S. Workers - Wall Street Journal

Salesforce-owned Slack says users are having issues sending messages - CNBC

BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani's financial arm - CNBC

Tesla under investigation by California attorney general over Autopilot safety, marketing - CNBC

Boeing's Starliner losses total $1.5 billion with NASA astronauts still waiting to fly - CNBC

NASA Picks Lockheed Martin to Build a Nuclear-Powered Rocket - NY Times

Google, Microsoft form new A.I. group to develop safety standards ahead of policymakers - CNBC

Meta's Reality Labs has now lost more than $21 billion - CNBC

Target Stock Gets a Double Downgrade. 3 Reasons Why. - Barrons

🇬🇧 Europe

EU opens antitrust probe into Microsoft over Teams bundling - CNBC

After complaint by Slack, European Union opens probe into Microsoft's Teams - Market Watch

Anheuser-Busch to lay off employees after Bud Light loses spot as top-selling beer to Modelo in May - CNN

GSK chief says RSV vaccine will start off slower than shingles shot – but will drive future sales - CNBC

BNP Cost Controls Lead to Second Quarter Earnings Beat - Bloomberg

Volkswagen Lowers Delivery Targets as Supply-Chain Issues Persist - Wall Street Journal

Renault Lifts Margin Guidance on Strong Demand, Pricing - Bloomberg

Airbus Hits New Supply-Chain Hurdle in Race With Boeing - Wall Street Journal

Telefonica raises targets after 2Q profit beats expectations - Reuters

Vivendi announces agreement for full sale of Gala magazine - Reuters

🇨🇳 Asia

Silicon Motion Stock Soars as China Unexpectedly Approves Sale to MaxLinear - Barrons

Evergrande EV unit reports about $10 billion loss for 2021, 2022 - Reuters

Samsung extends cut in memory chip production, will focus on high-end AI chips instead - TechCrunch

Why Is Silicon Motion Technology (SIMO) Stock Up 78% Today? - InvestorPlace

HD Hyundai Records 30.8953 trillion won Revenue and 1.006 trillion won Operating Profit in H1 - PRNewsWire

Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth & Launch Products - Business Wire

FinVolution Subsidiary AdaKami Cooperates with PT Bank Seabank Indonesia to propel growth in Indonesia - PRNewsWire

SK Telecom, Deutsche Telekom, e&, and Singtel Form Global Telco AI Alliance for Collaboration and Innovation in AI - PRNewsWire

Advancing Global Cybersecurity: Tuya Smart Shares Industry-Leading IoT Security Practices at Cyber Norms Forum - PRNewsWire

🇲🇽 South / Central America

Brazil's Petrobras oil output dips slightly in second quarter - Reuters

Genomma Lab Internacional Reports Second Quarter 2023 Results - PRNewsWire

Buenaventura Announces Second Quarter and Six-month 2023 Results - Business Wire

Fresnillo increases silver production in Q2 due to Juanicipio ramp-up, reiterates annual guidance - Kitco

Banco Itaú Chile published a material event notice informing the placement of Bonds in the local market - GlobeNewsWire