Casino operator Bally’s issued a going-concern warning in its second-quarter earnings report, citing a deepening liquidity crunch. As of end-June, the company owned and operated 20 casinos globally, spanning the United Kingdom and 11 U.S. states. Shares have fallen more than 35.9% over the five trading days following the disclosure, and are down more than 46.8% since the start of 2026.

The U.S. Department of Defense has struck a software deal with Oracle valued at nearly $7 billion. Separately, L3Harris said its CEO resigned over a conduct violation and that Sam Mehta will take over. The company said its Space and Mission Systems (SMS) and Communications and Spectrum Dominance (CSD) units generate more than 80% of total revenue. L3Harris bought Aerojet Rocketdyne in 2023 and announced in January it would spin off its missile solutions unit, with the Pentagon set to take a $1 billion stake in the new company.

Ferrari’s first fully electric vehicle, the 2026 Ferrari Luce “Tailor Made,” sold for $40 million at an RM Sotheby’s auction in Monterey, California. The car is the first production chassis from Ferrari’s new EV program and is identified as “Chassis 0.” All proceeds from the sale will go to the Ferrari Foundation to support education initiatives.

Ford said it will begin producing Lincoln vehicles in the United States from 2030 and gradually stop importing the brand’s models from China. The company put its total tariff-related gross costs in 2025 at about $3 billion, with an approximately $2 billion hit to earnings before interest and taxes. Ford also said it assembled more than 2 million vehicles in the U.S. that year and employs about 56,300 hourly manufacturing workers.

U.S. crude oil inventories in the Strategic Petroleum Reserve fell to their lowest level in more than four decades after dropping 6.1 million barrels last week to 298.7 million barrels. Since mid-March, SPR stocks have declined by about 116 million barrels. The drawdown follows an authorization by President Donald Trump on March 11 to release up to 172 million barrels in response to disruptions tied to the Iran war that slowed tanker traffic through the Strait of Hormuz.

Cracker Barrel said it sold the Maple Street Biscuit Company brand and assets tied to 35 locations and will close the remaining 16 restaurants. Separately, it completed a sale-leaseback transaction covering 26 company-owned locations, generating roughly $77 million in net proceeds. The company said it plans to use the cash to pay down debt and expects the moves to lift adjusted EBITDA starting in fiscal 2027. Maple Street contributed less than 2% of Cracker Barrel’s annual revenue, and the divestiture is aimed at sharpening focus on the core brand and improving profitability.

Costco is facing a class-action lawsuit alleging that Orgain Vanilla Bean protein powder sold by the retailer contains lead levels more than 600% above California’s Proposition 65 limit. The complaint also points to Consumer Reports’ finding that the same product’s lead level reached 143% of its level of concern and was rated “okay to eat occasionally,” with a suggested limit of about four servings per week. Plaintiffs say Costco failed to adequately screen for or disclose heavy-metal risks, while Orgain says its products comply with applicable food-safety standards and are safe to consume. The issue has also drawn legislative and regulatory attention, and COST shares fell 4.21% that day.

The Federal Reserve held its benchmark federal funds rate steady at 3.5% to 3.75% at the first FOMC meeting chaired by Kevin Warsh, while overhauling how it communicates about policy. The central bank moved to end forward guidance, issued a noticeably shorter post-meeting statement and declined to publish individual economic projections. The dot plot showed nine of 18 voting members expect a rate hike before the end of 2026, and the year-end PCE inflation forecast was raised from 2.7% to 3.6%.

The U.S. Department of Justice and the Federal Trade Commission sent a joint letter urging state attorneys general to investigate whether anticompetitive conduct or price fraud in gasoline retailing is keeping pump prices elevated. The agencies said crude oil has retreated to $68 a barrel from recent highs, but they argue retail prices have not fallen as quickly. AAA put the U.S. average regular gasoline price at $3.823 per gallon, down about 10% from a month earlier. The letter framed the move as an enforcement response rather than a new policy initiative and did not tie it to changes in crude supply, escalating geopolitical conflict or broader macro supply-demand shifts.