Estimates

• Euroseas reported financial results that exceeded earnings expectations by $0.61 per share. • Despite the earnings beat, the company's total revenue fell short of analyst estimates. • These figures provide a critical snapshot of the company's current profitability versus its top-line growth performance.

• Major stock indexes surged on Thursday, recovering from a previous day's plunge that followed the Federal Reserve's decision to maintain current interest rates. • Market volatility was highlighted by divergent movements in Microsoft and Meta Platforms shares as investors focused on the "Magnificent Seven" mega-cap tech firms. • The rally coincides with new economic data showing a slowdown in GDP growth and PCE inflation figures that aligned with analyst estimates.

• BNP Paribas reported a 33% increase in second-quarter net profit to €4.35 billion, surpassing analyst expectations. • The growth was primarily driven by strong equity trading, a recovery in retail banking, and gains from its insurance partnership with Ageas. • As the first major European investment bank to report Q2 earnings, the results highlight how the sector capitalized on market volatility and a resurgence in M&A and IPO activity.

• Defense Secretary Pete Hegseth testified before the Senate on July 21, 2026, to support President Donald Trump’s $87.6 billion funding request. • Hegseth estimated that the U.S. war against Iran has cost approximately $37.5 billion to date. • The requested funds are primarily intended to replenish Pentagon resources and military capabilities depleted during the conflict.

• IBM shares plummeted 26% to $228 after the company reported Q2 revenue of $17.2 billion, which fell short of market estimates. • CEO Arvind Krishna attributed the decline to customers limiting their spending, triggering the stock's largest intraday drop since the 1980s. • The results had a ripple effect across the tech sector, causing other software firms to experience losses.

However, Imperial College team also find that pollution has worse health impact than previously understoodDeaths linked to air pollution fell by an estimated 40% in London over the five years from 2019, according to new analysis.The city’s mayor, Sadiq Khan, welcomed what he called “overwhelming evidence” that his ultra-low emission zone was saving lives. Continue reading...

Interim vice-chancellor tells senate estimates of ‘very significant’ effect on donor pipeline and enrolmentsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA series of high profile scandals and governance failures has cost the Australian National University $100m in reputational damage, the interim vice-chancellor, Rebekah Brown, has told a parliamentary committee.Fronting senate estimates on Friday – a day after a scathing audit report found the ANU approved a controversial $250m cost-cutting program without clear evidence – Brown acknowledged it had been a challenging time for the university. Continue reading...

About 36% of children whose parents were detained were younger than six, Brookings Institution study foundMore than 145,000 US children have likely experienced a parent being detained by immigration authorities since the start of Donald Trump’s second presidency, according to a new report published by a reputed US thinkthank.The report, released Monday by the Brookings Institution, estimates that about 146,635 children who are US citizens have had a parent detained during the mass deportation campaign the Trump administration embarked on after he retook office in early January. The study further found that of those children, more than 22,000 experienced the detention of all of their co-resident parents. Continue reading...

• Camden Property Trust surpassed analyst expectations for Q1 2026 EPS and revenue, as detailed in its May 10 earnings call transcript. • Despite the strong financial results, the company's stock price declined following the announcement, mirroring broader REIT market pressures. • The outperformance highlights resilient demand in the multifamily housing sector amid economic uncertainties.

• The Trade Desk reported Q1 2026 revenue of $688.86 million, up 12% year-over-year and beating consensus estimates of $678 million. • Adjusted EBITDA reached $206 million with a 30% margin, down from 34% in Q1 2025, while adjusted EPS of $0.28 missed the $0.32 forecast. • Shares fell 1.75% to $23.08 on May 7, now down 77.62% from the 52-week high of $91.45, as CEO Jeff Green cited macroeconomic complexities.

International Energy Agency findings show government must commit to rapid cuts in emissions of greenhouse gas, climate experts sayEmissions of the potent greenhouse gas methane from Australian coalmines are more than double official government estimates reported to the UN, according to a new International Energy Agency report.Climate and energy analysts said the report had again highlighted an “enormous gap” in the country’s reported methane emissions from coalmines and should serve as a wake-up call. Continue reading...

• Investigators from Ann & Robert H. Lurie Children’s Hospital analyzed over 3.9 million hospitalizations to estimate sepsis in 1.3% of pediatric cases, equating to more than 18,000 U.S. occurrences yearly. • Sepsis carries a 10% mortality rate, resulting in over 1,800 child deaths annually, with no significant change in incidence or mortality from 2016 to 2022. • 72% of cases began before hospitalization, highlighting risks to otherwise healthy children and the urgent need for better prevention strategies.

• Netflix reported earnings that missed analyst estimates, yet broader market indices maintained record highs as investor focus remained on Iran ceasefire developments and energy market normalization. • The streaming giant's earnings disappointment was overshadowed by positive sentiment around geopolitical deescalation and reduced energy price pressures benefiting the wider market. • Market participants are weighing mixed corporate earnings results against macro-level improvements in global risk sentiment and supply chain stability.

• Amazon reported Q1 revenue of $178.4 billion, exceeding analyst expectations by 6%, with AWS (Amazon Web Services) cloud division generating $27.8 billion in revenue and posting 31% year-over-year growth. • Net income reached $5.1 billion, representing a 47% increase versus the year-ago quarter, driven by operational efficiencies and robust demand for cloud infrastructure supporting AI applications. • The company raised full-year revenue guidance to $760-775 billion, the upper end of which implies acceleration in growth rates, reinforcing Amazon's position as a primary beneficiary of enterprise AI spending and consumer e-commerce resilience.

• Secretary of State Marco Rubio stated the US conflict with Iran would extend another two to four weeks, while signaling no immediate plans for a ground operation into Iranian territory. • Rubio identified preventing Iran from imposing tolls on ships crossing the Strait of Hormuz as the biggest post-conflict challenge, characterizing such action as illegal and dangerous to global commerce. • The statement comes as the US deploys additional troops to the region following an Iranian missile and drone attack that injured 12 American service members at a Saudi base.

Company says tool to compare self-reported hours with computer estimates is for ‘awareness, not enforcement’Business live – latest updatesJP Morgan Chase has started to compare the hours junior investment bankers claim to have worked against logs on its IT system.The US bank said it would begin issuing reports to junior bankers that compare computer-generated estimates of their work weeks against their self-reported time sheets as part of a pilot scheme. Continue reading...