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The U.S. economy swung back to growth as consumer spending rose despite tariffs
The increase in consumer expenditures alongside a significant decline in imports contributed to a 3% economic expansion in the U.S. during the second quarter, highlighting importan...
Read Full Article →5 foods that could get a lot more expensive very soon
The upcoming August 1 tariff deadline may lead to substantial increases in the cost of several essential grocery items, impacting household budgets and overall food expenses.
Read Full Article →Scott Bessent tells countries 'not to panic' if they don't meet Trump's trade deadline
The treasury secretary advised countries to remain calm regarding economic expectations, despite President Trump maintaining a firm deadline for renegotiating trade agreements with...
Read Full Article →The Fed is set to hold its ground on interest rates. But politics loom large
The Federal Reserve's decision to maintain current interest rates reflects ongoing economic uncertainties, including trade tensions, inflation concerns, and political influences th...
Read Full Article →Trump threatens a 25% tariff on India and digs in on Aug. 1 deadline for new deals
The proposed 25% tariff on India could impact trade relations and economic exchange, reflecting ongoing negotiations and tensions regarding fair treatment and partnership between t...
Read Full Article →5 grocery items besides eggs that are more expensive in 2025
New information from government agencies reveals rising costs for several common grocery products in 2025, contributing to overall higher expenses despite reduced egg purchases.
Read Full Article →Chase credit cards can soon be used on Coinbase — despite CEO Jamie Dimon's scorn for crypto
JPMorgan’s new collaboration with Coinbase will allow Chase credit cardholders to purchase cryptocurrency, potentially increasing digital asset transactions and expanding the bank’...
Read Full Article →Tesla signs $4.3 billion battery deal with LG, cutting back its reliance on China
Tesla's new multi-year agreement with LG Energy Solution to purchase domestically produced batteries aims to reduce exposure to tariffs and diversify its supply chain away from Chi...
Read Full Article →Starbucks revenue beats Wall Street expectations despite decline in global sales
Starbucks reported higher-than-anticipated revenue for the fiscal third quarter, highlighting strong financial performance despite experiencing a decrease in overall international...
Read Full Article →The U.S. and China close in on renewing trade truce as another Trump deadline nears
The ongoing negotiations between the U.S. and China hold considerable economic importance, as resolving trade disagreements could impact global markets, supply chains, and investme...
Read Full Article →Stellantis warns of $1.7 billion tariff headwinds in latest 2025 guidance
Stellantis anticipates significant costs from increased tariffs impacting its 2025 outlook, contributing to a substantial decline in profitability compared to the previous year's f...
Read Full Article →Analysts predict AWS revenue surge, led by AI infrastructure demands
Amazon's upcoming earnings report is anticipated to show a notable increase in its cloud segment revenue, driven primarily by heightened demand for advanced artificial intelligence...
Read Full Article →JPMorgan could soon take over Apple's credit card business — replacing Goldman Sachs
If the agreement proceeds, JPMorgan would assume management of Apple's credit card services, potentially altering revenue streams and competitive dynamics within the financial tech...
Read Full Article →UPS is pivoting from high-volume to high-margin. It's risky
UPS's strategic shift away from low-revenue contracts toward more profitable services involves facility closures and workforce reductions aimed at enhancing overall financial perfo...
Read Full Article →Novo Nordisk cuts sales forecasts for its once-blockbuster weight loss drugs
Novo Nordisk's lowered projections reflect ongoing challenges from increased competition and weaker global demand, which together are impacting the revenue potential of its weight...
Read Full Article →Boeing reports rising deliveries. Is the turnaround finally turning?
Boeing’s increased aircraft shipments and reduced quarterly losses indicate progress, yet ongoing financial challenges and safety concerns continue to impact the company’s overall...
Read Full Article →Apple’s earnings could show tariffs in full swing
Apple’s upcoming quarterly report may reveal how recent import duties have influenced production costs, revenue streams, and overall profit margins amid ongoing economic and market...
Read Full Article →Meta earnings will be a litmus test for Zuckerberg's multibillion-dollar AI gamble
Meta's upcoming financial results will provide insight into the effectiveness of its substantial investments in artificial intelligence and hardware amid continued high spending an...
Read Full Article →Boeing defense workers say no to a contract offer — just days before earnings
The potential work stoppage at three major facilities could impact Boeing’s upcoming financial results and investor confidence following a significant recent increase in its stock...
Read Full Article →Apple iPhone sales fall behind Huawei in China despite growth
Although Apple’s iPhone sales have increased in China, the company remains outpaced by a major rival, impacting its market share and revenue potential in the region.
Read Full Article →PayPal’s new crypto feature could change how small businesses get paid
The introduction of PayPal’s latest service enables small businesses to receive faster fiat payments from buyers using cryptocurrency, potentially reducing transaction costs and im...
Read Full Article →Jeff Bezos has sold more than $5 billion in Amazon stock since his wedding
Since his wedding, Jeff Bezos has liquidated Amazon shares totaling over $5 billion, including nearly $690 million worth of stock sold on the day of the event.
Read Full Article →The U.S. and Europe reach a trade deal. The market shrugs
The agreement between the U.S. and Europe had limited impact on equity markets, indicating investors had anticipated the outcome, while currency trading experienced the most notabl...
Read Full Article →Samsung will make AI chips for Tesla in a $16.5 billion deal
The partnership between Samsung and Tesla, valued at $16.5 billion, highlights a major investment in AI technology that could enhance both companies' market positions and drive fut...
Read Full Article →Top money managers warned of stagflation. Then they kept investing. Should you?
Despite concerns about an economic slowdown paired with rising prices, leading investors continued their commitments, highlighting the ongoing debate about potential risks and oppo...
Read Full Article →Microsoft's next big AI test is here as it cuts thousands of jobs
Despite workforce reductions, the company’s substantial investment in data infrastructure positions it for potentially increased income from its growing artificial intelligence ini...
Read Full Article →Amazon, Apple, Meta, Microsoft, and the Fed: What to watch in the markets this week
This week’s financial landscape will feature numerous earnings reports from major corporations, providing critical insights that could influence market trends and investor decision...
Read Full Article →Waiting for mortgage rates to fall before buying a home? Here's why you shouldn't
Rising borrowing costs can delay home purchases, potentially increasing overall expenses and limiting market opportunities for buyers who postpone decisions while anticipating lowe...
Read Full Article →Republicans defended Jerome Powell during Trump's first term. That firewall is weakening
A rising number of Republican legislators are increasingly willing to question Jerome Powell’s leadership at the Federal Reserve, which could impact financial market stability and...
Read Full Article →Trump's FCC has cleared Paramount’s merger with Skydance
The regulatory approval of the Paramount and Skydance merger reflects potential shifts in corporate strategies, which may influence market dynamics and investor confidence within t...
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