State Street Consumer Discretio News - July 2026
🔴 XLY is trading 7.6% down today after tariff shock and earnings-driven sector stress
XLY is trading 7.6% down as investors react to newly announced U.S. tariffs and continued earnings pressure from major growth components. • New tariffs on...
Tesla Shares Slide, Hit by Massive Spending on AI and Robotics
Tesla reported second-quarter revenue of $28.24 billion, exceeding analyst expectations. Car sales rose 23% during the period. Adjusted earnings per share...
Tesla Reports Q2 Earnings, Balancing AI Spending Against Profitability
Tesla Inc. will announce its second-quarter 2026 financial results after the market closes on July 22, 2026. The report follows a period of strong Q2 vehicle...
US Inflation Slows to 3.5%, Fueling Hopes for Interest Rate Relief
The U.S. Consumer Price Index (CPI) rose 3.5% year-over-year in June. This figure marks a deceleration from the 4.2% increase recorded in May. On a monthly...
US Inflation drops to 3.5%, fueling hopes for interest rate relief
The Labor Department reported the U.S. Consumer Price Index (CPI) rose 3.5% year-over-year in June. This figure marks a deceleration from the 4.2% surge...
Volkswagen cuts 100,000 jobs and half its models, citing geopolitical tensions
Volkswagen AG announced its 2030 plan restructuring strategy on July 10, 2026. The plan followed a supervisory board meeting regarding rising geopolitical...
Amazon targets $25 billion bond sale, funding AI infrastructure expansion
Amazon plans to raise at least $25 billion through one of its largest bond offerings. The company will use the capital to finance AI infrastructure, including...