Intel reported Q2 fiscal results with earnings of $0.30 per share, beating expectations by 200%, and revenue of $16.1 billion, up 25% year over year for its strongest growth in more than 15 years. Data Center and AI revenue rose 59%, Foundry revenue increased 31%, and free cash flow totaled $4.45 billion. The shares are up 170% year to date, and investors are calling for the company to reinstate its dividend.

Strikes planned for this weekend at Port Hedland, Australia’s largest iron ore export port, could cost BHP about $100 million in revenue and the West Australian government more than $7 million in royalties. Port Hedland exported 580 million tonnes of iron ore in the last financial year, accounting for almost three quarters of outbound commodities from the Pilbara ports, according to Pilbara Ports data. The dispute centres on workers’ pay and conditions and includes a 24-hour ship-loading ban followed by a 24-hour stoppage.

SpaceX plans to deploy 10GW of compute by the end of 2027, with capital spending projected at $300500B. The summary estimates that AI compute leasing can command premium pricing, with OpenAI and Anthropic generating more than $100B/GW/year in revenue. It also projects Microsoft Azure’s revenue growth could accelerate from about 42% to above 100%.

Preliminary data showed the U.S. July nonfarm payrolls report was weak, with job gains for the prior two months sharply revised lower, while the unemployment rate fell to 4.1%. CME FedWatch put the odds of a rate hike at the Fed’s next meeting at 44%, down from 55% in the prior session and 67% a week earlier. As risk appetite improved, the S&P 500 rose 0.60% to a record close of 7756.44, and the Nasdaq gained 1.29% to 26690.62.

The Trump administration is moving forward with steps to remove Federal Reserve Governor Lisa Cook, with White House aide Dan Scavino telling her she has until Aug. 26 to challenge the action. The push follows a 5-4 Supreme Court ruling that allowed Cook to remain in her role while her lawsuit proceeds. The effort is being scrutinized as a political test of the Fed’s independence and the credibility of U.S. monetary policy.

Arlo Technologies issued full-year 2026 guidance, projecting revenue of $580M$600M. The company also forecast non-GAAP earnings per share of $0.90$1.00. Arlo said the outlook is supported by continued momentum in its subscription business.

BlackRock said it has added 12 tokenized share classes to its Institutional Cash Series, spanning six European money market funds with about $311 billion under management. The shares are issued as digital tokens minted on the Ethereum blockchain. They can be transferred 24/7 between approved wallets. JPMorgan’s Kinexys platform is involved in the collaboration.

Gold rose after U.S. July payrolls fell by 23,000. The weaker jobs report cooled expectations of Federal Reserve rate hikes. Prices climbed above $4,300, marking a seven-week high.