Strongest El Nino In 75 Years Sets Off Food Supply-Chain Alarm Bells

"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time GM beat Wall Street's second-quarter expectations on Tuesday, posting adjusted earnings of $3.57 per share on $48.03 billion in revenue as profitability improved despite softer vehicle sales. Adjusted EBIT reached $3.94 billion, up from $3.0 billion a year earlier, helped by lower tariff-related costs and stronger operating performance, according to Yahoo Finance. The Detroit automaker also lifted its full-year guidance for the second time in 2026. It's amazing what happens when the federal government isn't pressuring your business to convert entirely...

ECB Preview: First Rate Hike Since 2023 Markets expect the ECB to hike by 25bps, the first rate hike since 2023, but do not look for explicit guidance on the path ahead, with the Council likely pledging in the statement to set monetary policy in a data-dependent and meeting-by-meeting fashion. Lagarde is likely to highlight that tightening is appropriate, for example, by repeating that the energy shock requires “some measured adjustment” in the policy stance. Goldman does not expect her to provide any specific guidance on next steps but look...