Warner Music Group (WMG) released early preliminary results for its third fiscal quarter ended June 30, 2026, reporting revenue up 10% year over year to nearly $1.9 billion. Recorded music revenue rose 10% to approximately $1.5 billion, while music publishing revenue increased 12% to $377 million. Digital revenue grew 11% to about $1.25 billion, including recorded music streaming revenue up 12% to just over $1 billion. The update is positioned as an individual-stock earnings catalyst within traditional assets.

MicroStrategy, referred to in the article as Strategy, sold 1,638 bitcoin last week for $104.7 million to increase its cash reserves. The company previously disclosed a $101.3 million bitcoin purchase in June at an average price of $65,332, while bitcoin has fallen to a three-week low. Following the sale, Strategy shares fell sharply, and analysts cautioned against buying.

Amazon’s market capitalization surpassed $3 trillion for the first time, with its shares rising 5.5% to a record $286.20 and extending year-to-date gains to more than 23%. The move follows the company posting its strongest AWS cloud growth in more than four years and raising its annual capital spending forecast. Amazon also disclosed a new investment in Anthropic in April, after saying earlier this year it would invest up to $50 billion in OpenAI, highlighting AI’s increasing impact on its profit engine.

A 24-year-old former OpenAI researcher founded the hedge fund Situational Awareness in 2024 with $100 million in initial fundraising. The fund rapidly expanded to roughly $30 billion before an urgent sale of about $20 billion in stocks over less than 30 hours cut it to around $8 billion, a single drawdown of more than 70%. The episode centers on a liquidity crunch at a newly launched AI-themed hedge fund and does not involve public-company earnings, regulatory actions, or macro policy shifts, with no direct price transmission to traditional financial assets.

Stove Kraft Limited said Q1FY27 revenue rose 41.3% year on year to ₹480.6 crore, while net profit climbed 63.5% to ₹17.1 crore. EBITDA increased 50.9% to ₹53.8 crore as induction cooktop (ICT) sales surged 315.9% and the company expanded across general trade and retail channels. Gross margin improved to 39.6%, pointing to stronger operating efficiency. The quarter marked the company’s highest-ever quarterly revenue and is linked to its listed entity’s legacy asset ONUS.

India’s three state-run oil marketing companies—HPCL, BPCL and IOC—reported losses for the June quarter as Brent crude surged to as high as $125 per barrel after the US-Iran conflict. HPCL posted the steepest loss at ₹11,526 crore, while BPCL and IOC reported losses of ₹3,962 crore and ₹2,661 crore, respectively. Strong refining margins helped cushion the hit from higher crude costs, with BPCL reporting a gross refining margin of $41.4 per barrel. Marketing profitability stayed under pressure, and LPG under-recoveries widened sharply during the quarter.

TJX reported fiscal first-quarter 2027 results, with comparable sales up 6% year over year and its pretax profit margin expanding 170 basis points to 12%. Earnings per share rose 29% from a year earlier to $1.19, coming in well above management’s expectations. The stock rose 5.7% on May 20 following the update.

U.S. stocks rose on Monday, with the Dow Jones Industrial Average up 1.19% to 53,111.43 and the S&P 500 gaining 0.68% to 7,540.32. Communication services led sector gains, while energy shares fell 1.7%. Tyson Foods (TSN) slid about 4% after reporting third-quarter revenue below expectations. In commodities, oil dropped 6.3% and gold edged down 0.3%.