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Situational awareness:

  • Apple reported earnings and revenue that beat estimates but had continued weakness in iPhone sales and in China. (Axios)
  • Credit Suisse reported net income of nearly $940 million, more than $200 million more than expected, in its second quarter earnings report. (CNBC)
  • Samsung's operating profits fell more than 55% in Q2, the world's top phone-maker reported. (CNBC)
  • GrubHub CEO Matt Maloney accused rivals DoorDash and Postmates of "price gouging" consumers on the heels of the company's disappointing earnings report that sent shares down 12.3%. (Axios)