A whirlwind week in consumer tech saw blockbuster earnings, bold AI moves, legal battles, and fresh economic signals reshaping the industry's outlook.
The second-quarter earnings season opened with strong results from major U.S. banks, but investors remained cautious, focusing on forward guidance and narrowing margins, which dragged bank stocks lower. Meanwhile, U.S. retail sales surged 0.6% in June after two months of decline, signaling resilient consumer spending despite high borrowing costs and tariff uncertainties.
