Metro Daily Reporter

Vertiv Stock Plunges 17% on Revenue Miss, CEO Calls It a "Temporary Issue" as AI Demand Remains Robust

July 30, 2026 • Finance • 9 views

Vertiv Holdings (VRT) shares plunged 17% on Wednesday after the AI infrastructure provider reported a revenue miss that rattled investors, even as the company beat earnings and revenue expectations . The selloff, which extended the stock's decline to over 25% in recent weeks, was driven by weaker-than-expected organic revenue growth of 17.8%, below the FactSet consensus of 23.6% . However, CEO Gio Albertazzi has strongly defended the company's long-term outlook, calling the shortfall a "temporar

Micron Stock Surges Over 10% as AI Memory Demand Overpowers China Competition Fears

July 30, 2026 • Finance • 6 views

Micron Technology (MU) shares staged a powerful rebound on July 30, surging more than 10% to lead a broader semiconductor rally . The dramatic move came after the stock had tumbled over 25% in the preceding four trading sessions, driven by worries over Chinese competition and a broad chip sector selloff . The bounce highlights the tug-of-war between near-term fears and a long-term story of unprecedented AI-driven memory demand.

Visa Beats Q3 Estimates with 14% Revenue Growth, Despite $563 Million Job-Cut Charge

July 30, 2026 • Finance • 6 views

Visa (V) reported robust fiscal third-quarter results on Tuesday, July 28, 2026, beating Wall Street expectations as resilient consumer and business spending drove a 14% increase in net revenue to $11.6 billion . However, the strong performance was overshadowed by the company's announcement of a major restructuring, including the elimination of approximately 2,600 jobs, which resulted in a $563 million severance charge . The stock fell about 1.7% in extended trading as investors weighed the near

Bitcoin Spot Trading Volume Plunges to Lowest Since 2023 as Macro Uncertainty Freezes Crypto Markets

July 30, 2026 • Business • 8 views

July 2026 is on track to record the weakest average daily Bitcoin spot trading volume since November 2023, according to K33 Research, as fears of interest rate hikes and a resurgent dollar chill the broader cryptocurrency market . Average daily spot volume across major exchanges has fallen to approximately $2.2 billion, down 4% from the previous week . This "sleepy July" follows a pattern of muted activity across both spot and derivatives markets, with Bitcoin trading in a narrow range around $6

The AI Gold Rush is Sparking a Fierce Battle for Skilled Tradespeople, as Tech Giants Pour Millions into Training Electricians and Carpenters

July 30, 2026 • Tech • 6 views

The rapid expansion of artificial intelligence infrastructure across the United States has created an unprecedented demand for construction workers, particularly electricians and carpenters. Meta, Google, and BlackRock are collectively investing more than $265 million to recruit and train a new generation of skilled tradespeople to build the data centers that power the AI revolution . However, this "once-in-a-generation gold rush" is creating fierce labor tensions, sparking debates over training

Amazon Q2 Earnings Preview: AWS Growth Takes Center Stage as AI Spending Faces Investor Scrutiny

July 30, 2026 • Finance • 7 views

Amazon (AMZN) is set to report its second-quarter earnings after the market closes on Thursday, July 30, with all eyes on whether its massive AI investments are finally translating into tangible returns for its cloud business . The results come at a critical juncture for the tech giant, as investors, still reeling from Alphabet's recent post-earnings plunge on spending concerns, are demanding clear evidence that its record $200 billion capital expenditure plan is justified

Mortgage Rates Climb to One-Year High as Fed Holds Steady, Signaling More Pain Ahead for Homebuyers

July 30, 2026 • Business • 9 views

U.S. mortgage rates surged to their highest levels in about a year during the week ending July 24, with the 30-year fixed-rate mortgage climbing to 6.76%, just shy of its 2026 peak . The spike, driven by renewed U.S.-Iran hostilities that pushed oil prices and Treasury yields higher, comes as the Federal Reserve voted to hold its benchmark interest rate steady—a decision that, while expected, did little to soothe bond markets

Humana (HUM) to Exit More Medicare Advantage Plans in 2027, Despite Q2 Earnings Beat

July 30, 2026 • Finance • 9 views

Humana (HUM) announced plans to discontinue more Medicare Advantage plans in 2027, impacting approximately 600,000 seniors, as part of a strategic overhaul to restore profitability . This decision, revealed during its second-quarter earnings call, came despite the health insurer beating Wall Street expectations on both earnings and revenue . The company's stock fell sharply as investors focused on a downgraded GAAP profit outlook and a decision to leave its adjusted earnings guidance unchanged,

Meta's AI Spending Crushes Cash Flow as Revenue Beat Fails to Impress Wall Street

July 30, 2026 • Finance • 7 views

Meta Platforms (META) delivered a second-quarter earnings report that showcased record revenue but also exposed the staggering cost of its artificial intelligence ambitions. Despite a 28% surge in sales to $60.8 billion, the company's stock plunged approximately 10% in after-hours trading as investors focused on a 13% earnings per share miss, dwindling free cash flow to under $1 billion, and a disappointing revenue outlook for the current quarter. The sell-off, which continued into Thursday's se

Microsoft (MSFT)'s $41 Billion AI Bet Pays Off as Azure Growth Accelerates and Stock Soars

July 30, 2026 • Finance • 13 views

Microsoft (MSFT) delivered a blockbuster fiscal fourth-quarter report on Wednesday, July 29, that silenced skeptics and sent its stock soaring. The company's massive $41 billion quarterly investment in AI infrastructure finally showed clear returns, with Azure cloud growth accelerating to 43% and annual revenue surpassing $100 billion for the first time. Investors rewarded the company with an 8-10% surge in after-hours trading, adding approximately $257 billion to its market value.