Fed Rebellion Grows as Apple Loses $460 Billion in a Day

Three Fed presidents publicly break ranks to demand a rate hike as inflation stays hot, Apple suffers its worst post-earnings drop in 13 years on chip shortages, Iran-linked tanker attacks send oil higher, Amazon passes along $600 million in tariff refunds, and Coinbase posts a $359 million quarterly loss. In this episode: • Fed officials who voted to hike rates say action is needed now against inflation — https://www.cnbc.com/2026/07/31/fed-officials-who-voted-to-hike-rates-say-action-is-needed-now-against-inflation.html • Apple heads for $460 billion wipeout with its stock seeing worst post-earnings drop in 13 years — https://www.marketwatch.com/story/apple-heads-for-460-billion-wipeout-with-its-stock-seeing-worst-post-earnings-drop-in-13-years-a438d16c?mod=mw_rss_topstories • Oil prices rise after Iran says it attacked two tankers transiting Strait of Hormuz — https://www.cnbc.com/2026/07/31/oil-prices-today-brent-wti-hormuz-trump-iran-.html • Amazon says it got $600 million in Trump tariff refunds and will pass return along to some customers — https://www.cnbc.com/2026/07/30/amazon-trump-tariff-refunds.html • Coinbase Q2 2026 earnings miss: $359 million net loss — https://finance.yahoo.com/markets/crypto/articles/coinbase-q2-2026-earnings-miss-144916215.html