Discover
Forensic Tech
AI Is Fueling a Digital Forensics Boom. Cellebrite Could Stand to Benefit
Cellebrite is transforming digital forensics with agentic AI, enabling law enforcement to process massive evidence volumes in minutes.
Airline Pricing
Industrial Metals
Copper Nears Record Highs Amid Global Supply Deficit
Copper faces upward pressure from Chilean supply gaps, Chinese demand, and US tariff-driven stockpiling. Learn how miners and analysts are viewing the market.
Corporate Results
Market Liability
Trucking Stocks Face July Selloff Amid Litigation Risk
C.H. Robinson shares dropped 21% after a $604 million jury verdict, highlighting growing liability risks that have sparked a wider selloff in trucking stocks.
Consumer Outlook
Investor Concerns Mount as Reddit Faces Search Traffic Challenges
Reddit ($RDDT) reported [second-quarter revenue](https://www.reuters.com/business/media-telecom/reddit-expects-revenue-above-estimates-ai-tools-attract-advertisers-2026-07-30/) of $805M, a 61% year-over-year jump that beat analyst estimates of $730M. The stock still fell roughly 7% in after-hours trading. Earnings per share came in at $1.25, well above the 95-cent consensus. Net income climbed to $253M from $89M a year earlier. It was the [eighth straight quarter](https://www.cnbc.com/2026/07/30/reddit-rddt-q2-2026-earnings-report.html) of 60%-plus revenue growth. For Q3, Reddit guided revenue to $860M-$870M, ahead of the $829M Wall Street expected. Adjusted EBITDA guidance of $385M-$395M also cleared estimates of $369M. ## The Google problem Despite the strong financials, investors focused on one phrase from CEO Steve Huffman's shareholder letter: "Search referrals were choppy." US daily active unique users slipped to 53.2M from 53.5M the prior quarter, even as global DAUq rose 18% year-over-year to 130.3M. COO Jen Wong attributed the US softness to "SEO headwinds" from changes in search algorithms that more than offset the company's user acquisition efforts. The concern isn't just one quarter of volatility. Analysts have flagged that Google's AI-powered search overviews are reducing the click-through traffic that Reddit has historically relied on to land new users. > "In AI overviews, we have still yet to find that win-win, but we're still collaborative and looking for that." > > Steve Huffman, Reddit CEO Wong said product improvements are helping convert lower-engagement search visitors into loyal app users over time. <finks-ask data-id="ask-1"></finks-ask> ## AI deals and ad diversification Beyond search, investors had been hoping for a new data licensing announcement. Reddit's existing deals with OpenAI and Google worth hundreds of millions of dollars have made its user-post archive a valuable AI training asset. No new deal was announced Thursday, which [disappointed some analysts](https://www.bloomberg.com/news/articles/2026-07-30/reddit-projects-strong-third-quarter-sales-growth). Wong said Reddit is actively talking to partners and thinking carefully about how to maximize value, including ensuring people know when chatbot answers originate from Reddit content. On the advertising side, the picture looks healthier. Advertiser count [grew 70% year-over-year](https://www.barrons.com/articles/reddit-earnings-stock-price-7f961b9f), with particular strength among mid-market, small and medium-sized businesses, and international advertisers. International revenue was up 84% year-over-year, though it still represents just over 20% of total revenue. Reddit also crossed $1B in free cash flow over the trailing 12 months for the first time. Wong said that capital gives Reddit room to invest in its core business, pursue acquisitions, and recruit technical talent. Average revenue per user hit a record $6.18 globally, up 36% year-over-year, signaling the ad engine is extracting more value from each visitor even as US user counts flatline. The underlying monetization story is improving — it's the top-of-funnel that has Wall Street watching closely.
Growth Dynamics
US GDP Rises 1.5% as AI Imports Weigh on Output
America's AI boom is, technically, dragging down America's own growth number. [GDP grew](https://www.wsj.com/economy/u-s-economic-growth-slowed-to-1-5-in-second-quarter-003c464f?mod=WSJ_home_mediumtopper_pos_1) at a 1.5% annualized rate in Q2, missing the 1.8% forecast, as a surge of AI-driven imports offset the strongest consumer spending pace in a year — a 3.2% jump, up from just 0.5% in Q1. Underlying demand told a sharper story: [final sales to domestic purchasers](https://www.axios.com/2026/07/30/gdp-q2-economy-ai) rose 3.9%, more than double Q1's pace and the fastest since early 2023. - Net exports subtracted ~1 percentage point from GDP and inventories another 0.67 points, both tied to AI chip and equipment imports flooding in for the data-center buildout. - [Business investment surged](https://www.bloomberg.com/news/articles/2026-07-30/us-economic-growth-misses-estimates-despite-robust-consumers?srnd=homepage-americas) 8.4% annualized, with industrial equipment logging its biggest jump since 2011 and transportation equipment its largest in two years. **The Fed isn't ignoring any of this.** Wednesday's rate decision came in a 9-3 vote — three bank presidents dissented in favor of a hike, the sharpest internal split in recent memory. Chair Kevin Warsh called the economy "impressively resilient" but the dissents signal real hawkish pressure. American Express ($AXP) posted higher card spending, Hasbro raised its full-year outlook, and Procter & Gamble's CFO called the consumer "muted, but stable." The savings rate hit its lowest since 2022 in June as tax-refund cushions fade — a real headwind heading into Q3.
Autonomous Fleet
Market Sentiment