Here are the top stories making headlines across global financial media overnight and this morning.
Apple Reportedly Plans Full Mac Line Upgrade, Bets on AI to Drive Demand for High-Performance Computers
Apple is preparing a comprehensive upgrade to its Mac product line, aiming to capitalize on the demand for high-performance laptops and desktops fueled by the artificial intelligence boom.
According to people familiar with the matter, the company plans to roll out new versions of all its Mac products from this fall through next year, including long-awaited desktop updates, multiple laptop models, and a new MacBook Pro.
The sources indicate that Apple will first launch an updated entry-level 14-inch MacBook Pro, which will be among the first Macs equipped with the new M6 chip. Apple is also set to release the first new iMac model in two years.
Samsung Unveils New Foldable Phones, Raises Prices Ahead of Apple's Anticipated Entry
Samsung on Wednesday unveiled its latest lineup of foldable smartphones, aiming to maintain its lead in the product category it pioneered ahead of a potential market entry by Apple.
The Korean tech giant launched its Galaxy Z8 series at an event in London. The three devices and their prices are as follows.
Samsung's foldable portfolio typically consists of two device types: the Fold series, which opens like a book, and the Flip series, which opens like a traditional clamshell phone.
Alphabet's Q2 Revenue Hits $119.8 Billion, Up 24% Year-Over-Year
On July 22, 2026, Alphabet reported financial results for the quarter ended June 30, 2026.
The company's consolidated revenue grew 24% year-over-year, or 23% on a constant currency basis, reaching $119.8 billion. All business segments performed robustly, marking 12 consecutive quarters of double-digit revenue growth.
Revenue from Google Services increased to $94.5 billion, up 15% year-over-year. Within this segment, Google Search & other revenue grew 17%, Google subscriptions, platforms, and hardware revenue rose 15%, and YouTube advertising revenue increased 13%.
Tesla's Q2 Revenue Up 26% but Profits Halved, Capital Expenditure Soars
Tesla Motors reported total second-quarter revenue of $28.236 billion, a 26% increase year-over-year, driven by growth in vehicle deliveries, services and other business, and a positive foreign exchange impact.
Quarterly operating profit was just $398 million, a 57% decline, with an operating margin of 1.4%. This was pressured by increased operating expenses (for AI and R&D, stock-based compensation, and SG&A), a decline in regulatory credit revenue, lower average selling prices, and increased energy warranty costs.
Cash and short-term investments at quarter-end stood at $43.524 billion, decreasing by approximately $1.2 billion sequentially, as free cash flow was $1.092 billion (with capital expenditures soaring to $5.789 billion, up $3.3 billion from the previous quarter).
Amazon Eliminates Roles in Its General AI Department
Amazon.com has implemented layoffs within its department focused on artificial general intelligence (AGI).
The company did not disclose the specific number of jobs cut. This latest round of workforce reductions follows recent layoffs initiated by Intel, which described its cuts as part of a "broader strategic adjustment."
In a statement, Amazon said it is further focusing on its core priorities, which "requires making some difficult decisions, including eliminating some roles in our AGI department." The company added it continues to invest in business areas critical for its customers' long-term development.
BofA Client Data Shows Retail Investors' US Stock Purchases Hit Highest Level in Over a Year
According to Bank of America client data, retail investors made their largest weekly net purchases since May 2025 last week, boosting overall buying of US stocks.
Strategist Jill Carey Hall wrote in a report that the bank's clients were net buyers for a third consecutive week, though inflows were "modest," with money flowing into ETFs only slightly offsetting outflows from single stocks.
Last week, small-cap stocks saw notable inflows. Clients sold stocks in 7 out of the 11 S&P 500 sectors, led by the technology and communication services sectors. Conversely, the consumer discretionary sector recorded the largest inflows; clients also bought financial stocks as large banks reported better-than-expected results. Corporate buybacks also picked up but, when normalized for market cap, remained below the average level of the first week of earnings season.
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