Veteran fund manager sets Palantir’s stock price target after its all-time high of $179.54 on July 7, up 139% year-to-date. The AI defense software company reported second-quarter revenue of $1 billion, up 48% YoY, with adjusted earnings exceeding forecasts at 16 cents. Palantir raised full-year guidance to $4.142-$4.150 billion from $3.89-$3.90 billion. CEO Alex Karp credits the company’s success to AI advancements and software infrastructure. Palantir secured a 10-year, $10 billion contract with the U.S. Army. Despite revenue growth, CEO Karp plans to reduce workforce for efficiency. Wall Street analyst raises Palantir’s price target to $190, citing strong U.S. commercial performance. 1. The stock market saw a significant increase today with the Dow Jones Industrial Average gaining 500 points due to positive economic data and strong earnings reports from major companies.

2. The United Nations reported that global carbon dioxide emissions reached a record high in 2020, despite a decrease in emissions during the lockdowns caused by the COVID-19 pandemic.

3. A new study published in a medical journal found that the Pfizer-BioNTech COVID-19 vaccine is 91% effective in preventing symptomatic infections in adolescents aged 12 to 15.

4. The US economy added 850,000 jobs in June, exceeding expectations and marking a strong recovery from the pandemic-induced downturn.

5. The European Union announced a plan to invest €250 billion in green initiatives over the next decade, in an effort to combat climate change and transition to a more sustainable economy.

Read more at 1. Tesla stock reaches all-time high after delivering record number of vehicles in Q2. – CNBC

2. Dow Jones Industrial Average closes at a new record high following positive economic data. – Wall Street Journal

3. Amazon reports 200% increase in quarterly profits, exceeding analysts’ expectations. – Reuters

4. Apple announces plans to launch new subscription service for podcasts. – CBS MarketWatch

5. Federal Reserve signals potential interest rate hike in response to inflation concerns. – Barchart: Veteran fund manager turns heads with Palantir stock price target