
China's Newest Pair of Smart Glasses Are Meta's Biggest Threat Yet
The smart glasses, called Quark AI, are actually a lot more similar to Meta's Ray-Bans than I expected. For one, they do not feature a display of any kind and instead focus more on here-and-now features like calling, audio, translation, and using a built-in camera to take pictures. If those all sound like familiar capabilities, it's because Meta's Ray-Bans can do all of those things. If you're reading that with deflation, I wouldn't blame you, given how advanced China's smart glasses field has become and the resources that Alibaba has at its disposal. But just because those capabilities are similar doesn't mean Quark AI can't push the ball forward.
Alibaba just previewed its first AI-powered smart glasses — Quark — at WAIC 2025 in Shanghai.
🔹 Built on the Qwen model series🔹 Qualcomm AR1 + low-power dual system chip🔹 Seamless Alipay, Taobao, and Amap integration🔹 40% slimmer than current market glasses pic.twitter.com/SOXsZOrWw3
— Wes Roth (@WesRothMoney) July 28, 2025For one, Alibaba, unlike Meta, has access to different services that Meta doesn't. Among those is Alipay, which is a popular mobile payment service used predominantly in China but is becoming more widely accepted worldwide. As we've already seen in other smart glasses, like Xiaomi's recent entrant, that integration opens the door for some cool (and maybe concerning) mobile payment features. Similar to Xiaomi's smart glasses, Alibaba says Quark AI supports Alipay for purchasing things using QR codes. If it's anything like Xiaomi's feature—and I'm almost certain it is—users will use the camera to scan a QR code and then use the glasses' voice assistant to confirm payment. If it works as promised, that gives Alibaba's glasses one more advantage over Meta. Oh, also, these are 40% smaller than other similar smart glasses on the market, according to Alibaba, which is great for anyone who doesn't want to look like they're wearing a gadget on their face.
And it's not just mobile payments where Alibaba may have the edge in more feature-rich smart glasses. Alibaba also shared plans to integrate navigation into its glasses, which is an area where I find Meta's Ray-Bans to be sorely lacking. I've been using Meta's Ray-Bans for almost a year now, and while I can load up Google Maps on my phone and pipe in step-by-step navigation through its Bluetooth audio, it's not the same as doing all of that natively. While I can't say for sure, Alibaba's glasses, with a tighter integration of GPS, may be able to launch navigation natively by prompting the glasses with a voice command. That may seem small, but it goes a long way in making smart glasses feel actually smart.
It's hard to say for sure just where Alibaba will bring its smart glasses when they actually get released, and there's still a lot we don't know, including price, details on camera quality, battery life, and all that very important technical stuff. But from a possibility perspective, it's hard not to recognize a lot of potential for Meta-crushing functionality. If Quark AI is half as capable as Xiaomi's entrant into the space, I'd say Meta has a lot of catching up to do with its third-gen Ray-Ban smart glasses.
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"It's not something that happens very often. ... But it was a good visit." The two briefly sparred over the project's price tag after Trump claimed it had risen to $3.1 billion. Powell corrected him in real time, saying, "You just added in a third building. ... It's not new." As Yahoo Finance's Ben Werschkul reported, Trump aides have accused the Fed of underplaying the full cost, insisting all three buildings should count. Deputy chief of staff James Blair later accused Powell of "splitting hairs." Ultimately, Powell said he was "quite pleased" to hear the president repeatedly emphasize that his priority was seeing the construction completed as soon as possible. "That is our focus, and that's what we're going to do," Powell said. 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Federal Reserve Chair Jerome Powell acknowledged that trade negotiations have gained some clarity with the effective US tariff rate now estimated to settle around 15%, according to Wall Street economists. However, he warned there's still considerable uncertainty over when and how these tariffs will ultimately affect the economy. "It's been a very dynamic time for these trade negotiations and lots and lots of events in the intervening period," Powell said in his post-decision press conference. "But we're still a ways away from seeing where things settle down." Powell added that while the Fed is continuing to learn more, "many uncertainties" remain, and it "doesn't feel like we're very close to the end of that process." Powell: 'We have made no decisions about September' Markets are pricing in a 63% chance the Federal Reserve cuts interest rates at its next meeting in September. President Trump insinuated a similar expectation earlier this afternoon, saying that the Fed "probably won't" cut rates until September. But when asked directly about cutting rates then, Powell didn't guarantee anything. "We have made no decisions about September," Powell said. "We don't we don't do that in advance." Powell noted that there will be two rounds of inflation and labor market reports ahead of the next meeting that will help guide that decision. Markets are pricing in a 63% chance the Federal Reserve cuts interest rates at its next meeting in September. President Trump insinuated a similar expectation earlier this afternoon, saying that the Fed "probably won't" cut rates until September. But when asked directly about cutting rates then, Powell didn't guarantee anything. "We have made no decisions about September," Powell said. "We don't we don't do that in advance." Powell noted that there will be two rounds of inflation and labor market reports ahead of the next meeting that will help guide that decision. One chart helps explain the case for cutting interest rates The Fed held interest rates steady on Wednesday but the decision wasn't unanimous. Fed Govenors Christopher Waller and Michelle Bowman dissented. In a speech on July 17 titled the "case for cutting now," Waller pointed out that the tariff inflation boost will be "temporary." "Standard central banking practice is to 'look through' such price-level effects as long as inflation expectations are anchored, which they are." Goldman Sachs Chief US economist David Mericle provided a chart in the Yahoo Finance Chartbook that visualizes this point. Mericle and the team at Goldman Sachs expect core PCE inflation to peak at 3.3% around June 2026 before collapsing to 2.7% by the end of the year and continuing its path lower. To Mericle, whose team holds a call for the Fed to cut rates by a quarter percentage point at its final three meetings of the year, the key part of this chart is that inflation eventually returns to its trend downward once the tariff pass through is finished. "We agree with Governor Waller that tariffs will have only a one-time effect on the price level and are unlikely to dislodge inflation expectations and ignite a prolonged period of high inflation," Mericle wrote in a research note on July 27. But, Mericle added, the one-time tariff boost sending inflation back above 3% "could leave some Fed officials hesitant to cut." The Fed held interest rates steady on Wednesday but the decision wasn't unanimous. Fed Govenors Christopher Waller and Michelle Bowman dissented. In a speech on July 17 titled the "case for cutting now," Waller pointed out that the tariff inflation boost will be "temporary." "Standard central banking practice is to 'look through' such price-level effects as long as inflation expectations are anchored, which they are." Goldman Sachs Chief US economist David Mericle provided a chart in the Yahoo Finance Chartbook that visualizes this point. Mericle and the team at Goldman Sachs expect core PCE inflation to peak at 3.3% around June 2026 before collapsing to 2.7% by the end of the year and continuing its path lower. To Mericle, whose team holds a call for the Fed to cut rates by a quarter percentage point at its final three meetings of the year, the key part of this chart is that inflation eventually returns to its trend downward once the tariff pass through is finished. "We agree with Governor Waller that tariffs will have only a one-time effect on the price level and are unlikely to dislodge inflation expectations and ignite a prolonged period of high inflation," Mericle wrote in a research note on July 27. But, Mericle added, the one-time tariff boost sending inflation back above 3% "could leave some Fed officials hesitant to cut." Fed leaves interest rates unchanged as Bowman and Waller dissent In a widely anticipated move, the Federal Reserve held interest rates steady in a range of 4.25% to 4.5%. The decision was not unanimous, with Fed Governors Christopher Waller and Michelle Bowman voting against the decision. Those officials preferred the Fed to lower the federal funds rate by a quarter of a percentage point. In a widely anticipated move, the Federal Reserve held interest rates steady in a range of 4.25% to 4.5%. The decision was not unanimous, with Fed Governors Christopher Waller and Michelle Bowman voting against the decision. Those officials preferred the Fed to lower the federal funds rate by a quarter of a percentage point. Stocks steady into Fed decision Stocks are modestly higher on Wednesday as investors await the Federal Reserve's next interest rate decision and a subsequent press conference from Fed Chair Jerome Powell. The Dow Jones Industrial Average (^DJI) nudged up 0.1%, while the S&P 500 (^GSPC) rose 0.2%. The tech-heavy Nasdaq Composite (^IXIC) ticked up 0.5%. Meanwhile, the 10-year Treasury yield was up about 3 basis points to hover near 4.36%. Stocks are modestly higher on Wednesday as investors await the Federal Reserve's next interest rate decision and a subsequent press conference from Fed Chair Jerome Powell. The Dow Jones Industrial Average (^DJI) nudged up 0.1%, while the S&P 500 (^GSPC) rose 0.2%. The tech-heavy Nasdaq Composite (^IXIC) ticked up 0.5%. Meanwhile, the 10-year Treasury yield was up about 3 basis points to hover near 4.36%. The 'economic mirage' in the Q2 GDP rebound US economic growth rebounded in the second quarter after contracting for the first time in three years to start 2025. The headline number, a 3% annualized pace of growth, was well above the 2.6% increase economists had expected, a sharp mover higher from the 0.5% contraction seen in the first quarter. But the BEA noted that the second quarter bounce-back reflected a decrease in imports, which are a subtraction in the calculation of GDP. EY chief economist Gregory Daco noted that the quarterly swings in imports created an "economic mirage" that masked some underlying cooling in the economy. Daco argues that when "stripping out the noise" and looking at a metric like growth in sales to private domestic purchasers, the data points to a slowing in economic activity. Sales to private domestic purchasers rose 1.2% in the second quarter, lower than the 1.9% growth seen in the first quarter and the slowest pace of growth since 2022. "Policy uncertainty, resurgent inflation pressures stemming from tariffs, and tighter immigration constraints are beginning to weigh more visibly on activity," Daco said. Read more here. US economic growth rebounded in the second quarter after contracting for the first time in three years to start 2025. The headline number, a 3% annualized pace of growth, was well above the 2.6% increase economists had expected, a sharp mover higher from the 0.5% contraction seen in the first quarter. But the BEA noted that the second quarter bounce-back reflected a decrease in imports, which are a subtraction in the calculation of GDP. EY chief economist Gregory Daco noted that the quarterly swings in imports created an "economic mirage" that masked some underlying cooling in the economy. Daco argues that when "stripping out the noise" and looking at a metric like growth in sales to private domestic purchasers, the data points to a slowing in economic activity. Sales to private domestic purchasers rose 1.2% in the second quarter, lower than the 1.9% growth seen in the first quarter and the slowest pace of growth since 2022. "Policy uncertainty, resurgent inflation pressures stemming from tariffs, and tighter immigration constraints are beginning to weigh more visibly on activity," Daco said. Read more here. Wall Street bullish on Reddit ahead of Q2 earnings Reddit (RDDT) stock rose more than 2% Wednesday as Wall Street analysts largely maintained their bullish takes on shares ahead of the company's second quarter earnings. Analysts at Needham, Deutsche Bank, Jefferies, and Raymond James reiterated their Buy ratings on the stock in notes to clients heading into the social media platform's quarterly results Thursday after the bell. "The bear case (that Google Search will no longer send traffic to RDDT) is not playing out," wrote Needham analyst Laura Martin. Concerns over the impact of changes to Google Search's algorithm on Reddit's daily active users drove the stock down in the aftermath of its past two quarterly reports. Jefferies analyst John Colantuoni said web traffic data showed daily active user growth stabilizing in the past three months after decelerating throughout the first quarter. Needham's Martin added: "AI-driven ad tools, such as Reddit Insights & Conversation Summaries, suggest RDDT is already monetizing GenAI." Reddit (RDDT) stock rose more than 2% Wednesday as Wall Street analysts largely maintained their bullish takes on shares ahead of the company's second quarter earnings. Analysts at Needham, Deutsche Bank, Jefferies, and Raymond James reiterated their Buy ratings on the stock in notes to clients heading into the social media platform's quarterly results Thursday after the bell. "The bear case (that Google Search will no longer send traffic to RDDT) is not playing out," wrote Needham analyst Laura Martin. Concerns over the impact of changes to Google Search's algorithm on Reddit's daily active users drove the stock down in the aftermath of its past two quarterly reports. Jefferies analyst John Colantuoni said web traffic data showed daily active user growth stabilizing in the past three months after decelerating throughout the first quarter. Needham's Martin added: "AI-driven ad tools, such as Reddit Insights & Conversation Summaries, suggest RDDT is already monetizing GenAI." Mortgage rates near 7% Home contract signings slumped more than expected in June, the latest sign that the housing market is still essentially frozen, Yahoo Finance's Claire Boston reports. Boston writes: Read the full story here. Home contract signings slumped more than expected in June, the latest sign that the housing market is still essentially frozen, Yahoo Finance's Claire Boston reports. Boston writes: Read the full story here. Hershey stock climbs after Q2 earnings beat as investors look past tariff, cocoa shortage impacts Hershey (HSY) shares rose Wednesday morning after the candy and snack maker reported second quarter earnings and revenue ahead of Wall Street's expectations. Its earnings per share of $1.21 were above the $1.01 projected, while revenue of $2.6 billion was above the $2.5 billion estimate, according to Bloomberg consensus data. Revenue was boosted by a later Easter in 2025. The stock's climb comes despite the company revising its full-year outlook. It now sees earnings per share falling 50% in 2025 versus the prior 40% decline expected. That drop comes as Hershey faces record-high cocoa prices (CC=F) due to a global shortage and anticipates as much as a $180 million hit during the fiscal year from tariffs. The company recently raised candy prices due to elevated cocoa costs. Hershey (HSY) shares rose Wednesday morning after the candy and snack maker reported second quarter earnings and revenue ahead of Wall Street's expectations. Its earnings per share of $1.21 were above the $1.01 projected, while revenue of $2.6 billion was above the $2.5 billion estimate, according to Bloomberg consensus data. Revenue was boosted by a later Easter in 2025. The stock's climb comes despite the company revising its full-year outlook. It now sees earnings per share falling 50% in 2025 versus the prior 40% decline expected. That drop comes as Hershey faces record-high cocoa prices (CC=F) due to a global shortage and anticipates as much as a $180 million hit during the fiscal year from tariffs. The company recently raised candy prices due to elevated cocoa costs. Trump says Powell must lower interest rates 'now' following GDP uptick President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed Chairman Jerome Powell must 'now' lower rates, Yahoo Finance's Ben Werschkul reports. Werschkul writes: Read the full story here. President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed Chairman Jerome Powell must 'now' lower rates, Yahoo Finance's Ben Werschkul reports. Werschkul writes: Read the full story here. Marvell Technology soars 10% as Morgan Stanley analyst lifts price outlook Marvell Technology (MRVL) shares spiked Wednesday after Morgan Stanley (MS) analyst Joseph Moore lifted his price target on the stock to $80 from $73. In a note to clients on Tuesday, Moore cited the chipmaker's opportunity in the AI networking space. Networking products such as data center switches, ethernet controllers, and digital signal processors are required in data centers to receive and send data between AI chips and servers. Marvell makes both networking products and custom AI chips (also known as processors) called ASIC accelerators. "For both Broadcom (AVGO) and Marvell (MRVL), we expect AI upside this year to come from the networking side rather than processors [custom AI chips]," Moore wrote. Moore said Marvell "should be a direct beneficiary of NVIDIA's upcoming product cycle." That's because networking technology is needed to support upcoming purchases of Nvidia's latest Blackwell chips and servers. "Marvell is firmly in the AI winners camp," wrote Moore. Marvell Technology (MRVL) shares spiked Wednesday after Morgan Stanley (MS) analyst Joseph Moore lifted his price target on the stock to $80 from $73. In a note to clients on Tuesday, Moore cited the chipmaker's opportunity in the AI networking space. Networking products such as data center switches, ethernet controllers, and digital signal processors are required in data centers to receive and send data between AI chips and servers. Marvell makes both networking products and custom AI chips (also known as processors) called ASIC accelerators. "For both Broadcom (AVGO) and Marvell (MRVL), we expect AI upside this year to come from the networking side rather than processors [custom AI chips]," Moore wrote. Moore said Marvell "should be a direct beneficiary of NVIDIA's upcoming product cycle." That's because networking technology is needed to support upcoming purchases of Nvidia's latest Blackwell chips and servers. "Marvell is firmly in the AI winners camp," wrote Moore. Nvidia leads muted Mag 7 ahead of Microsoft, Meta earnings Nvidia (NVDA) shares moved up 1% early on Wednesday, leading the group of "Magnificent Seven" tech stocks ahead of earnings reports from Microsoft (MSFT) and Meta (META) after the bell. Amazon (AMZN), Tesla (TSLA), and Microsoft stock prices wavered around the flat line, while Meta and Google (GOOG) shares rose less than 1%. Apple (AAPL) slipped around 0.1% in lackluster trade for US stocks more broadly. Nvidia is up roughly 4% over the past five trading sessions, compared with the tech heavy Nasdaq Composite's (^IXIC) 0.6% gain over the same period. Nvidia (NVDA) shares moved up 1% early on Wednesday, leading the group of "Magnificent Seven" tech stocks ahead of earnings reports from Microsoft (MSFT) and Meta (META) after the bell. Amazon (AMZN), Tesla (TSLA), and Microsoft stock prices wavered around the flat line, while Meta and Google (GOOG) shares rose less than 1%. Apple (AAPL) slipped around 0.1% in lackluster trade for US stocks more broadly. Nvidia is up roughly 4% over the past five trading sessions, compared with the tech heavy Nasdaq Composite's (^IXIC) 0.6% gain over the same period. Stocks steady at the open US stocks held steady at the start of Wednesday's trading session ahead of the Federal Reserve's interest-rate decision and earnings from Big Tech names Microsoft (MSFT) and Meta (META). The Dow Jones Industrial Average (^DJI) wavered along the flat line, while the S&P 500 (^GSPC) nudged nearly 0.1% higher. The tech-heavy Nasdaq Composite (^IXIC) ticked up roughly 0.2%. The indices had fallen on Tuesday, with the S&P 500 ending its six-day record streak. US stocks held steady at the start of Wednesday's trading session ahead of the Federal Reserve's interest-rate decision and earnings from Big Tech names Microsoft (MSFT) and Meta (META). The Dow Jones Industrial Average (^DJI) wavered along the flat line, while the S&P 500 (^GSPC) nudged nearly 0.1% higher. The tech-heavy Nasdaq Composite (^IXIC) ticked up roughly 0.2%. The indices had fallen on Tuesday, with the S&P 500 ending its six-day record streak. Jobs data, GDP both top forecasts in a strong morning for the US economy Data from ADP on private payroll growth and the first look at second quarter GDP growth out Wednesday morning both topped forecasts, a sign of continued resilience in the US economy. Private payroll growth in July tallied 104,000 according to the latest data from ADP, more than the 77,000 jobs that private employers were expected to add and a rebound from the 23,000 jobs that were cut in the sector last month. "Our hiring and pay data are broadly indicative of a healthy economy," said Nela Richardson, chief economist at ADP. "Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient." Fifteen minutes after ADP's data was released, the BEA put out its first look at GDP growth in the second quarter, which showed the US economy grew at an annualized rate of 3% in the second quarter, faster than the 2.6% that had been expected by economists. In the first three months of the year, the US economy contracted at a rate of 0.5%. The BEA noted in its release the rebound in the second quarter was largely a result of decreased imports, which had weighed on growth in the first quarter as businesses increased orders ahead of expected tariffs. In response to the data, longer-term Treasury yields ticked slightly higher while futures remained little-changed ahead of the Federal Reserve's policy announcement set for 2:00 p.m. ET. In a post on Truth Social following the GDP data, President Trump again called on the Fed to cut rates. The central bank is widely expected to make no change to its interest rate policy later today. Data from ADP on private payroll growth and the first look at second quarter GDP growth out Wednesday morning both topped forecasts, a sign of continued resilience in the US economy. Private payroll growth in July tallied 104,000 according to the latest data from ADP, more than the 77,000 jobs that private employers were expected to add and a rebound from the 23,000 jobs that were cut in the sector last month. "Our hiring and pay data are broadly indicative of a healthy economy," said Nela Richardson, chief economist at ADP. "Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient." Fifteen minutes after ADP's data was released, the BEA put out its first look at GDP growth in the second quarter, which showed the US economy grew at an annualized rate of 3% in the second quarter, faster than the 2.6% that had been expected by economists. In the first three months of the year, the US economy contracted at a rate of 0.5%. The BEA noted in its release the rebound in the second quarter was largely a result of decreased imports, which had weighed on growth in the first quarter as businesses increased orders ahead of expected tariffs. In response to the data, longer-term Treasury yields ticked slightly higher while futures remained little-changed ahead of the Federal Reserve's policy announcement set for 2:00 p.m. ET. In a post on Truth Social following the GDP data, President Trump again called on the Fed to cut rates. The central bank is widely expected to make no change to its interest rate policy later today. Premarket trending tickers: Novo Nordisk stock falls, Starbucks stock pops Here's a look at some of the top stocks trending in premarket trading: Novo Nordisk (NVO): The stock continued to sink on Wednesday, falling 4% premarket after a 21% wipeout on Tuesday. The drugmaker cut its full-year sales and operating profit guidance again, related to lower growth expectations for its diabetes and weight-loss drugs, Wegovy and Ozempic. Eli Lilly stock also fell Tuesday but was up 1% Wednesday morning. Starbucks (SBUX): Shares of the coffee giant popped 5% premarket after the company reported its sixth straight quarterly sales decline. But things weren't as bad as investors feared, and CEO Brian Niccol assured Wall Street that the company was "ahead of schedule" in its turnaround plan. V.F. Corp (VFC): The Vans parent's stock soared nearly 20% after the company beat first quarter revenue estimates on Wednesday, aided by an uptick in demand for its apparel and footwear products. Palo Alto Networks (PANW): The software company is in final talks to acquire Israeli cybersecurity provider CyberArk, the Wall Street Journal reported, and the deal could be finalized as early as this week. The deal could place a value north of $20 billion on CyberArk, potentially making it one of the largest tech takeovers this year. Shares of Palo Alto Networks rose 0.4% in premarket trading. Meta (META) and Microsoft (MSFT) stocks rose modestly ahead of their quarterly results, which are set to be released after the closing bell on Wednesday. Investors will be looking to the two Big Tech companies for signs of AI sales growth and monetization. Read live coverage of corporate earnings here. Here's a look at some of the top stocks trending in premarket trading: Novo Nordisk (NVO): The stock continued to sink on Wednesday, falling 4% premarket after a 21% wipeout on Tuesday. The drugmaker cut its full-year sales and operating profit guidance again, related to lower growth expectations for its diabetes and weight-loss drugs, Wegovy and Ozempic. Eli Lilly stock also fell Tuesday but was up 1% Wednesday morning. Starbucks (SBUX): Shares of the coffee giant popped 5% premarket after the company reported its sixth straight quarterly sales decline. But things weren't as bad as investors feared, and CEO Brian Niccol assured Wall Street that the company was "ahead of schedule" in its turnaround plan. V.F. Corp (VFC): The Vans parent's stock soared nearly 20% after the company beat first quarter revenue estimates on Wednesday, aided by an uptick in demand for its apparel and footwear products. Palo Alto Networks (PANW): The software company is in final talks to acquire Israeli cybersecurity provider CyberArk, the Wall Street Journal reported, and the deal could be finalized as early as this week. The deal could place a value north of $20 billion on CyberArk, potentially making it one of the largest tech takeovers this year. Shares of Palo Alto Networks rose 0.4% in premarket trading. Meta (META) and Microsoft (MSFT) stocks rose modestly ahead of their quarterly results, which are set to be released after the closing bell on Wednesday. Investors will be looking to the two Big Tech companies for signs of AI sales growth and monetization. Read live coverage of corporate earnings here. A divided Fed is expected to hold rates steady, defying Trump's calls for a cut The Federal Reserve is widely expected to hold interest rates steady on Wednesday, though the central bank remains internally divided over the path of monetary policy amid the Trump administration's pressure on the Fed. Yahoo Finance's Jennifer Schonberger reports: Read more here. The Federal Reserve is widely expected to hold interest rates steady on Wednesday, though the central bank remains internally divided over the path of monetary policy amid the Trump administration's pressure on the Fed. Yahoo Finance's Jennifer Schonberger reports: Read more here. Whirlpool is championing the tariffs that have hammered its quarter Yahoo Finance's Hamza Shaban digs into the tariffs story for Whirlpool (WHR) in today's Morning Brief: Read more here on why Whirlpool is looking past tariff setbacks. Yahoo Finance's Hamza Shaban digs into the tariffs story for Whirlpool (WHR) in today's Morning Brief: Read more here on why Whirlpool is looking past tariff setbacks. Good morning. Here's what's happening today. Economic data: Federal Reserve monetary policy decision; GDP annualized; ADP private payrolls (July); (second quarter); Pending home sales, (June); MBA Mortgage Applications (July 25); Minnesota Chicago PMI (July) Earnings: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Here are some of the biggest stories you may have missed overnight and early this morning: Fed set to hold rates steady, defying Trump's call for a cut Whirlpool is championing the tariffs that have hammered its quarter Meta to report Q2 earnings amid AI investment push Microsoft to report Q4 earnings as Wall Street looks for continued AI growth Deal-hunting Americans are putting corporates on watch Trump eyes 25% India tariff, US-China truce in the balance Wall Street's riding high on relief, not results: Strategist Tesla signs $4.3B battery deal, cuts reliance on China Economic data: Federal Reserve monetary policy decision; GDP annualized; ADP private payrolls (July); (second quarter); Pending home sales, (June); MBA Mortgage Applications (July 25); Minnesota Chicago PMI (July) Earnings: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Here are some of the biggest stories you may have missed overnight and early this morning: Fed set to hold rates steady, defying Trump's call for a cut Whirlpool is championing the tariffs that have hammered its quarter Meta to report Q2 earnings amid AI investment push Microsoft to report Q4 earnings as Wall Street looks for continued AI growth Deal-hunting Americans are putting corporates on watch Trump eyes 25% India tariff, US-China truce in the balance Wall Street's riding high on relief, not results: Strategist Tesla signs $4.3B battery deal, cuts reliance on China Meta and Microsoft are set to kick off this week's Big Tech earnings Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring and spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft. Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring and spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft.