The Trump administration has returned more than $100 billion in IEEPA-related tariffs, about 60% of what was collected. Walmart received about $2.9 billion in refunds. Target took in $994 million and used it to lift margins, contributing $1.65 to earnings per share. Amazon and Home Depot received roughly $600 million and $730 million, respectively.

Lowe’s reported second-quarter revenue of $26 billion, slightly below the $26.1 billion the Street expected, while comparable sales rose 0.2%. The retailer lowered its 2026 sales forecast to $92 billion as higher mortgage rates continue to weigh on the housing market and DIY demand. Adjusted earnings per share came in at $4.27 versus expectations of $4.22, helped in part by tariff refunds, according to Bloomberg estimates.

CoreWeave reported second-quarter results after the close on Tuesday, posting a loss per share of $1.14 versus expectations for a $1.41 loss, while revenue of $2.5 billion matched forecasts. Adjusted operating income came in at $128 million, well above the $66 million consensus estimate. The stock had fallen more than 30% since its previous earnings report in May. Shares rose more than 8% in after-hours trading following the release.

SanDisk reported fiscal fourth-quarter revenue of $8.79 billion, topping expectations, and posted adjusted earnings per share of $39.25, also above forecasts. The company projected fiscal first-quarter revenue of $10.3 billion to $10.8 billion, below the $11.16 billion estimate, sending the stock down 4% in afterhours trading on Wednesday. SanDisk also authorized an additional $14 billion share repurchase program. The stock is up nearly 490% year to date.

The U.S. reinstated a naval blockade on Iran, pushing Brent crude above $85 a barrel. The geopolitical escalation strengthened expectations that inflation and interest rates will stay elevated, increasing worries about funding costs for highly valued tech and software companies. MongoDB, Flywire and Marqeta fell 3%, 3% and 2.3%, respectively, in afternoon trading.

Taiwanese investigators raided local parties linked to Super Micro Computer (SMCI) as part of a probe into alleged efforts to bypass U.S. export controls and illegally reroute high-end Nvidia AI chips to higher-risk destinations. The case has raised fresh questions over the company’s ability to manage compliance across its global supply chain. It has also fueled concerns that U.S. authorities could coordinate enforcement, customers could re-evaluate supplier qualifications, and market worries over debt, cash flow and delivery of AI orders could intensify.

The U.S. National Highway Traffic Safety Administration formally closed its engineering analysis into a power-steering loss issue affecting about 376,241 2023 Model 3 and Model Y vehicles, citing Tesla’s over-the-air software recall and a measurable drop in owner complaints. Morgan Stanley and Barclays raised their Tesla Q2 delivery forecasts to 413,000 and about 418,000 vehicles, respectively, well above the prior consensus. Elon Musk also said xAI’s Grok 4.5 has begun internal private beta testing at Tesla and SpaceX, though the key drivers were reduced regulatory risk and higher delivery expectations.

New Federal Reserve Chair Kevin Warsh signaled at least one interest-rate increase before the end of 2026, using a six-word remark that markets read as a policy shift. U.S. equities sold off, with the S&P 500 down 1.2% and the Nasdaq Composite down 1.3%. President Donald Trump said higher rates were “hard to believe” and complained they “keep a country down,” while still voicing confidence in Warsh as his pick. The comment was treated as a clear turn in policy expectations and sparked short-term pressure on stock indexes.

The article cites a JPMorgan projection that gold will rise to $6,000/oz before 2027 and uses it to promote a Gold IRA product. The forecast is presented as a supporting point within a personal-finance advice scenario, without citing underlying data or model details. The piece does not discuss near-term drivers such as gold supply and demand, central bank buying or changes in real interest rates, and it has no direct trading link to JPMorgan stock.