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The U.S. and the European Union reached a trade deal, averting a potential trade war. A 15% tariff will be applied to most EU goods, except for certain strategic sectors. The EU agreed to increase purchases of American e…
Global stock markets largely surged Monday following a trade deal between the EU and the US, averting higher tariffs. Asian markets showed mixed results, with Tokyo's Nikkei falling due to uncertainty surrounding a Japan…
CK Hutchison Holdings, a Hong Kong conglomerate, is seeking a Chinese investor to join a consortium buying its Panama Canal port assets. The initial deal with a consortium including BlackRock faced opposition from Beijin…
A recent US-Japan trade deal lowered auto import tariffs to 15%, offering some relief to Japanese automakers. However, this is tempered by the significant ongoing challenge posed by China's rapidly growing automotive ind…
Citi has added American Airlines as a ThankYou Rewards transfer partner, allowing cardholders of three Citi cards (Citi Strata Elite, Citi Strata Premier, and Citi Prestige) to transfer points to AAdvantage miles at a 1:…
US equity futures surged on Sunday evening, fueled by positive trade developments with the EU and strong corporate earnings. Major tech companies, including Meta and Microsoft, are set to report this week, alongside a ke…
Boeing, under CEO Kelly Ortberg, is showing signs of recovery after years of setbacks. Stock prices are up over 30% this year, and analysts predict a return to profitability in 2025. Ortberg's leadership has focused on c…
Apple will permanently close its Partridge Creek store in Clinton Township, Michigan, on August 16th at 8 p.m. All employees will be offered positions elsewhere within the company. This closure coincides with the upcomin…
Retail investors fueled a meme-stock rally this week, pouring money into heavily shorted, struggling companies like Opendoor and Kohl's. A "conservative" investor wagered $20,000 on Opendoor, while a student invested $2,…
Tesla confirms its more affordable model, potentially a simplified Model Y, will launch in Q4 2025, starting around $36,000. Production was delayed due to prioritizing current model sales with US tax credits and factory …
Delta Air Lines, despite strong second-quarter earnings, faces overcrowding issues in its Sky Clubs. The surge in demand, fueled by 'revenge travel' and increased premium credit card access, has led to long lines and cus…
Corporate America's reaction to President Trump's tariffs is varied. While some companies, particularly automakers and consumer-facing businesses, report significant financial losses due to increased import costs, tech a…
Astronomer's Chief People Officer, Kristin Cabot, resigned following a viral video showing her and the former CEO, Andy Byron, embracing at a Coldplay concert. Byron was previously placed on leave and subsequently resign…
Tesla's second-quarter earnings report revealed falling sales and shrinking profits for three consecutive quarters. The subsequent earnings call, however, focused heavily on Tesla's future as a robotics and AI company, l…
Intel is further delaying construction of its $20 billion Ohio chip plant, pushing back the operational start date beyond the previously announced 2031. CEO Lip-Bu Tan cited the need to align spending with demand and mai…
Intel announced a significant restructuring, resulting in approximately 24,000 job cuts, a reduction of roughly one-quarter of its workforce. The company will scale back projects in Germany and Poland, and consolidate as…
Chris McCarthy, Paramount Global co-CEO and president of Showtime/MTV Entertainment, will leave the company following its acquisition by Skydance next month. His departure precedes Skydance's announcement of post-merger …
UnitedHealth Group, the nation's largest private insurer, confirmed a Department of Justice investigation into its Medicare billing practices. The DOJ's probe includes criminal and civil inquiries, prompting UnitedHealth…
American Airlines' stock dropped after a disappointing third-quarter profit forecast and a significantly lowered 2025 financial outlook. CEO Robert Isom cited weak consumer spending, sluggish corporate travel, and operat…
Alphabet exceeded second-quarter earnings expectations, reporting 14% revenue growth fueled by strong performance in search and cloud computing. Despite concerns about economic weakness, Google's AI investments, now proj…
President Trump's agreement with Japan on a 15% tariff on Japanese vehicles has sparked concerns among U.S. automakers. They argue the deal puts them at a disadvantage due to higher tariffs on steel, aluminum, and parts …
Tesla's Q2 2025 earnings fell short of Wall Street's expectations, reporting $22.5 billion in revenue against projected $22.64 billion. This marks the company's steepest year-over-year revenue decline in at least a decad…
ESPN and the NFL are reportedly close to a deal for NFL Network and other media rights. The NFL is seeking a significant increase in cash or equity from ESPN. While details are scarce, the deal could include regular-seas…
Goldman Sachs and Bank of New York Mellon have partnered to enable institutional investors to buy tokenized money market funds. Major players like BlackRock and Fidelity are on board. This initiative, leveraging Goldman'…
Global stocks surged following a US-Japan trade deal, easing tariff war anxieties. Asian shares saw their best day in a month, boosting the MSCI global stock index to an 11% year-to-date gain. US and European futures als…