Google's AI Spending Surge Fuels Record Earnings

 

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 projected at $85 billion, are showing positive results, increasing search queries and not impacting ad revenue. This massive spending reflects the...

Southwest Misses Q2 Earnings, Announces Buyback

 

Southwest Airlines reported second-quarter earnings and revenue below Wall Street projections, though travel demand has reportedly stabilized. The airline announced a $2 billion share buyback. Despite missing expectations (43 cents EPS vs. 51 cents expected, $7.24B revenue vs. $7.3B expected), Southwest anticipates third-quarter unit revenue to remain relatively...

Auto Tariffs Deal Puts US Makers at Disadvantage

 

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 compared to their foreign competitors. While Trump touted the deal as job-creating and...

Tesla Profits Fall 16% Amidst Competition and Musk's Actions

 

Tesla reported a 16% year-on-year drop in second-quarter profits, despite a pivot by CEO Elon Musk back to focusing on his companies. Electric vehicle sales flagged, down 13.5% compared to the same period last year. While the company highlighted its expansion into AI, robotics, and robotaxi services, ...

Tesla Q2 Earnings Miss Expectations, Stock Plunges

 

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 decade. Lower-than-expected vehicle deliveries (384,000 vs. 389,400) contributed to the shortfall. Stock is down 18%, reflecting...

Hershey's Raises Chocolate Prices Due to Climate Change

 

Hershey's is raising prices on its chocolate products, including Kit Kat and Reese's, by a double-digit percentage due to soaring cocoa prices. A combination of poor harvests in Ghana and Ivory Coast, exacerbated by climate change, has driven up cocoa futures. While cocoa prices are down from record...

ESPN, NFL Near Massive Media Rights Deal

 

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-season games and other NFL media assets. The agreement,...

Goldman Sachs and BNY Mellon Tokenize Trillion-Dollar Market

 

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's blockchain platform, aims to revolutionize the $7.1 trillion money market industry by offering seamless, efficient transactions...

US-Japan Trade Deal Fuels Global Stock Rally

 

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 also showed positive movement, while the dollar remained stable and Treasury yields slightly...

Cramer Warns Against Kohl's Short Squeeze

 

CNBC's Jim Cramer warned against shorting Kohl's stock, fearing a repeat of the GameStop short squeeze. Kohl's stock surged 37.62% on Tuesday after a volatile trading session, fueled by a massive short position (around 50% of outstanding shares). Cramer believes the short sellers overestimated Kohl's vulnerability, likening the situation...