AUD

The US Senate voted 50-47 to advance a war powers measure that would require Congressional approval before further strikes on Iran, with four Republican senators breaking ranks to support the motion. Doesn't matter.

LULU's 57.9% gross margin & 21.7% operating margin shine, while CABO & VNT show waning returns & falling sales.

ArcelorMittal cashes in on Vallourec stake, realizing 10% gain & returning $667M to shareholders via buybacks.

Mortgage rates jump 0.75% since war's start. Borrowing costs hit July highs, impacting housing market.

FIX, MCO, AJG show strong cash flow margins & growth. Valuations vary: FIX 46.5x P/E, MCO 25.3x, AJG 14.4x.

30-yr Treasury yields hit 5.19%, highest since 2007. Inflation fears spark bond selloff, dividing investors.

Lumentum's 90% revenue surge & 32% margin driven by AI demand. Valuation is high at 30x sales, but efficiency gains may justify it.