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...
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 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...
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...
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...
General Motors' second-quarter profit plummeted by over one-third, exceeding $1 billion in losses attributed to President Trump's tariffs. This follows Stellantis' announcement of significant losses partly due to tariffs and other Republican policies. The auto industry, a major US economic pillar employing millions, faces challenges in investing in...
Facing a potential 30% US tariff on imports, the EU considers activating its Anti-Coercion Instrument (ACI), a powerful trade defense mechanism. This "nuclear option" could restrict US access to the EU market, impacting public tenders, goods, services, and investments. The ACI, designed to deter economic coercion, allows for retaliatory...
Universal Music Group (UMG), home to artists like Taylor Swift and Drake, has filed to list its shares on the US stock market. The company, already listed in the Netherlands with a €50bn valuation, submitted a confidential statement to the SEC. The move, supported by major shareholder Bill...
In-N-Out Burger, the iconic West Coast fast-food chain, is shifting its corporate headquarters to Tennessee by 2026, CEO Lynsi Snyder announced. This move, mirroring a broader corporate exodus from California, cites challenges with raising a family and doing business in the state, including pandemic-era restrictions. While the majority of...
The S&P 500 climbed 0.14% to 6,305.60 on Monday, exceeding 6,300 for the first time, driven by strong second-quarter earnings. Positive earnings reports from companies like Verizon boosted market optimism, with over 85% of the 62 S&P 500 companies reporting exceeding expectations. The Nasdaq also hit a record...
