Second-quarter earnings season is off to a strong start, with corporate profits growing at their fastest pace in years and profit margins reaching record highs. Beneath the headline numbers, however, investors are increasingly focused on what management is saying about the economy, energy costs, and investments in artificial intelligence. In this episode of Money with Murphy, Kara explores what bank earnings reveal about consumer health, why semiconductor companies continue to lead growth, and why investors are starting to scrutinize free cash flow just as closely as earnings.

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