Stocks Edge Higher On Earnings Outlook

MRKT Matrix - Tuesday, July 22nd

• S&P 500, Nasdaq retreat from records as chip stocks decline (CNBC)
• Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence (CNBC)
• Bessent says Powell doesn’t need to resign but should conduct internal review (CNBC)
• SoftBank and OpenAI’s $500 Billion AI Project Struggles to Get Off Ground (WSJ)
• OpenAI Greatly Expands Data Center Deal With Oracle (The Information)
• Wall Street Readies Fresh Push Against Tighter US Capital Rules (Bloomberg)
• GM Profit Falls as Trump Tariffs Add $1.1 Billion in Costs (Bloomberg)
• Clout wars: Jensen Huang eclipses Elon Musk and Tim Cook in Washington (CNBC)
• How China Curbed Its Oil Addiction – and Blunted a U.S. Pressure Point (WSJ)

--

Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://riskreversalmedia.beehiiv.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs