Rocket Lab (RKLB) posted record second-quarter 2026 revenue of $234 million, up 62% year over year, and ended the quarter with $2.36 billion in backlog. The company also won its largest launch contract to date, a $266 million award covering up to 18 suborbital missions for the Space Force, and said it signed more than $1 billion in new contracts during the quarter and the weeks that followed. GAAP gross margin was 36.1% in the quarter, but management guided to 29% to 31% for the third quarter due to expected mix. The stock is down roughly 49% over the past three months, though it is up 28.7% over the past twelve months, outperforming the S&P 500.

GE Vernova’s backlog has reached $176 billion, and data center orders in its Electrification segment exceeded $5 billion in the first half of 2026—more than double the full-year total for 2025. Over the past twelve months, revenue rose 13% and operating cash flow margin was 34%. On the back of that performance, management raised its full-year 2026 free cash flow guidance to $11.5 billion to $12.5 billion. The stock trades at a price-to-earnings multiple of 25.6.

Uber said it will cut about 10% of its workforce, marking its largest round of layoffs since 2020. The company is also asking the “vast majority” of remote employees to return to offices in San Francisco and New York, with fewer than 1% allowed to work remotely going forward. Uber is facing intensifying competition from autonomous ride-hailing services such as Waymo and Zoox. The stock is down about 7.7% year-to-date, underperforming the S&P 500 index.

Indonesia’s online stock trading platform Ajaib said it has raised $270 million in a Series C round from Tokyo-listed SBI Holdings. The deal is the country’s biggest fundraising round since 2022 and brings Ajaib’s total funding to more than $500 million. Ajaib did not disclose its current valuation, but said it represents a significant step up from its 2021 unicorn valuation.

Shares of health insurers have broadly risen after a wave of earnings reports, as companies show progress on cost control. UnitedHealth Group posted more than $5 billion in second-quarter net income, and UnitedHealthcare’s medical care ratio fell to 86.7% from 89.4% a year earlier. UnitedHealth’s stock traded near $400 during the week, up more than 30% from a year ago. CVS Health has gained more than 30% since last summer, while Centene has more than doubled over the past year and traded around $65 during the week.

Bitcoin rose more than 10% over the past 24 hours, breaking above $70,000 after hovering near $60,000 for months. Ether gained 20%, while XRP added 15% and Hyperliquid climbed 25%. Earlier this month, BlackRock sent the market an unexpected signal. Separately, U.S. federal debt crossed $40 trillion for the first time as the Treasury said it will step up long-term bond buybacks to rein in borrowing costs.

Ferrari’s first electric car, the Luce, sold for $40 million at an RM Sotheby’s auction, far above its $1.1 million estimate, making it the most expensive new car ever sold at auction. The model’s debut initially drew skepticism, with Ferrari shares sliding about 8% before rebounding roughly 25% from the post-launch low. Proceeds from the sale will be directed to the Ferrari Foundation’s education programs.

The U.S. Treasury said it will at least double the size of some long-term bond buybacks, raising them from $2 billion to $4 billion per operation. Bitcoin then surged, at one point nearing the $70,000 level. Over the past 24 hours, it climbed from a low of about $64,400 to $69,700, a gain of more than 8%. Short covering further amplified the intraday move.

Microsoft said Microsoft Cloud annualized revenue exceeded $168 billion in fiscal 2025, up 23%. GitHub Copilot revenue rose more than 60% quarter on quarter as the company expanded usage-based pricing, supporting growth in its commercial cloud business. Overall revenue growth accelerated to 17.8%, while net margin reached 40.3%, a three-year high.