Business - Page 16

2025-07-25

“Dark Factories” — Chinese Automakers Living Tesla’s Dream

You might recall that Tesla CEO Elon Musk was super eager to almost completely automate Tesla factories back when Tesla launched the Model 3. The attempt didn’t go well, with one problem after another delaying mass production of the Model 3. Finally, when Tesla was on the brink of bankruptcy, ... [continued]The post “Dark Factories” — Chinese Automakers Living Tesla’s Dream appeared first on CleanTechnica.

2025-07-25

Asian stocks slip from highs, dollar gains ahead of crucial 'tariff' week

Japan's broad Topix index, which had jumped more than 5 per cent over the previous two sessions to reach an all-time high, pulled back 0.7 per cent

2025-07-25

Immigration played a role in Canada's rising home prices and rents: federal study | Urbanized - Daily Hive Vancouver

Immigration played a role in Canada's rising home prices and rents: federal study | Urbanized Daily Hive VancouverView Full Coverage on Google News

2025-07-25

Forest City School Community District's geothermal system restored after outage

At the July school board meeting last Monday night, Forest City Superintendent Darwin Lehmann reported the geothermal system located near the middle and high schools was running again.

2025-07-25

Summit Bancshares (SMAL) Surprises Investors with a Special Dividend in 2025

Summit Bancshares, Inc. (OTC:SMAL) is included among the 14 Stocks that Paid Special Dividends in 2025. Summit Bancshares, Inc. (OTC:SMAL), operating through its subsidiary Summit Bank, delivers a range of commercial lending and banking services across California. Its offerings include checking and savings accounts, along with certificates of deposit. The company also extends various types of [...]

2025-07-25

Asian markets turn lower as trade war rally fades

Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.

2025-07-24

84 Lumber Sponsors 2025 U.S. Capitol Christmas Tree

"Christmas in July" event celebrates historic first for Nevada's Humboldt-Toiyabe National ForestLAS VEGAS, July 24, 2025 /PRNewswire/ -- For the first time in history, the U.S. Capitol Christmas Tree, affectionately known as "The People's Tree," will come from the state of Nevada. In celebration of this milestone, 84 Lumber, the presenting sponsor of the U.S. Capitol Christmas Tree since 2022, unveiled its $100,000 sponsorship at a public celebration in Las Vegas, drawing state and national leaders, community members, and key partners from across the forestry and conservation sectors.Since 1970, the U.S. Forest Service, in partnership with the Architect of the Capitol, selects a tree to adorn the West Lawn of the U.S. Capitol from one of the 154 national forests it manages. This year, it will be harvested from the Humboldt-Toiyabe National Forest."84 Lumber is proud to help bring 'The People's Tree' to Washington, D.C.," said Amy Smiley, vice president of marketing at 84 Lumber. "This time-honored tradition celebrates the beauty of our nation's forests and the communities they represent. As a privately held company with deep local roots, including our dedicated team and store serving the Las Vegas community, we're proud to support something that unites people across the country in celebration and stewardship.""The Governor would like to extend his deep appreciation to the USDA Forest Service and the Society of American Foresters who will be joining us throughout this journey to share the significance of this time-honored tradition," said Sonny Vinuya, Southern NV Outreach Director, Office of Nevada Governor Joe Lombardo."We also recognize that this extraordinary effort would not be possible without a strong public-private partnership—and that's why 84 Lumber's leadership as the presenting sponsor is so meaningful," he said. "Their support is a shining example of what happens when the private sector steps forward to embrace civic pride and national unity."A Milestone for NevadaThis marks the first time Nevada has been selected to provide the U.S. Capitol Christmas Tree, and the choice of the Humboldt-Toiyabe ...Full story available on Benzinga.com

2025-07-24

Local View: New fine-arts use found for old Twin Cities store

From the column: "There is no reason the old Kmart in West Duluth cannot follow this same route to rebirth.”

2025-07-24

Trade-Deal Hopes, ECB Pause Boost European Bond Yields

Trump’s tariffs and recent trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

2025-07-24

Coinbase Global (COIN): “For All I Know It’s A Pump And Dump, I Don’t See Anybody Dumping?” Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As Analyzed Morgan Stanley’s Comments. ABC is one of the stocks Jim Cramer recently discussed. Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange whose 57% year-to-date share price gain has resulted from legislation benefiting stablecoins and the bullish run in Bitcoin. Cramer’s previous comments about Coinbase Global, [...]

2025-07-24

Dow shares tumble as company swings to loss, slashes dividend amid global weakness

Dow shares tumble as company swings to loss, slashes dividend amid global weakness

2025-07-24

Key grocery brand files Chapter 7 bankrutpcy, plans liquidation

The death of the company may make it harder to get some essential items at your local supermarket.

2025-07-24

After $3.5B Bitcoin Windfall, Tim Draper Reloads With Fund 8—Here's What's Coming

Veteran venture capitalist Tim Draper has launched a new $200 million fund through his firm Draper Associates, according to a recent filing with the U.S. Securities and Exchange Commission.Dubbed Draper Associates Fund 8, the fund's creation comes during a major upswing for the crypto industry, as the market continues to hit record milestones, Fortune reported on Thursday.A statement on the firm's website nods to the milestone, highlighting Draper Associates' four-decade legacy in venture capital and its renewed focus on the future. "With the launch of Draper Associates Fund 8, the team has its eye on the next 40 years," it reads. The firm has not released additional details, and a spokesperson declined to comment on the specifics.This new fund marks a ...Full story available on Benzinga.com

2025-07-24

Nike Is Selling 'Absolutely Fantastic' Air Max 90 Shoes for 40% Off

Nike is selling popular and iconic Air Max 90 sneakers for a tremendously low price this week.

2025-07-24

Trump to visit Federal Reserve as he cranks up pressure on Powell to lower rates or resign

The S&P 500 and the Nasdaq Composite eked out record closes on Thursday after Alphabet’s latest quarterly results came in better than expected.The broad market index added 0.07%, and the tech-heavy Nasdaq rose 0.18%. The Dow Jones Industrial Average fell 316 points, or 0.7%, bogged down by shares of IBM slipping 8% after its second-quarter software revenue missed expectations. The major averages curtailed their gains sharply as the session ended.Both the S&P 500 and the Nasdaq had scored new intraday all-time highs earlier in the session, bolstered by a 1% move higher in Alphabet shares after the Google parent posted a second-quarter earnings and revenue beat.“Given the size and influence of big tech and [artificial intelligence], I think the Alphabet results were a nice little tailwind for a market that’s constantly asking the question of whether all the AI spend is going to have have solid [return on investment] or whether this can continue,” Ross Mayfield, investment strategist at Baird, said to CNBC. “At least at the beginning of earnings season here, Alphabet provided a nice data point that the answer is positive.”Along with IBM, gains were kept in check by declines in Tesla, which dipped 8% after auto revenue fell for a second straight quarter.Investors also turned their attention to the ongoing feud between President Donald Trump and the Federal Reserve. The White House said that President Donald Trump will visit the Fed on Thursday, escalating his pressure campaign against Chairman Jerome Powell.This is the first time in nearly two decades that an American president will make an official trip to the central bank.The market is coming off a strong performance Wednesday, fueled by progress on trade talks, as the S&P 500 hit its 12th record close of the year and the Nasdaq Composite settled above 21,000 for the first time.Stocks were also helped by a Financial Times report that the U.S. was inching closer to a trade deal with the European Union. Bloomberg confirmed the progress, citing diplomats briefed on the talks. This trade deal would raise tariffs to 15% on imports from the EU.“If the administration feels emboldened to come out on Aug. 1 and raise tariffs on any country we don’t have a deal with, that’s going to be a risk-off event,” Mayfield also said. “The market is expecting this to be resolved in a way that’s not ultra anti-growth.”Apple results should beat on top and bottom lines, says Goldman SachsGoldman Sachs is expecting Apple to show strong revenue trends and a beat on gross margins when the company reports earnings next week.The firm said Thursday it expects a beat on both earnings and revenue, driven by double-digit growth in services, strength across products including iPhones, computers, tablets and wearables, as well as better-than-expected gross margins reflecting better tariff-related costs and forex headwinds.That said, trade policy & tariff uncertainty, as well as risks to the company’s advertising revenue are near-term overhangs, analyst Michael Ng said in a note.Apple is scheduled to report earnings next Thursday after the bell.— Tanaya MacheelWhere stocks stand heading into market closeHere’s where the major averages stand heading into Thursday’s market close:The S&P 500 is up 0.22%The Dow Jones Industrial Average is down 0.50%The Nasdaq Composite is up 0.33%The Russell 2000 is down 1.12% — Lisa Kailai HanAnalysts remain optimistic on 2H recovery for Chipotle even after lackluster earningsShannon Stapleton | ReutersThe logo of Chipotle Mexican Grill is seen in Manhattan, New York.Wall Street analysts are sticking by Chipotle Mexican Grill even after the fast-food burrito chain reported second-quarter results that failed to impress.Chipotle shares sank more than 13% in early afternoon trading Thursday after the company cut its 2025 forecast for same-store sales growth as traffic declined for a second straight quarter. The stock’s now down roughly 24% year to date.Still, Morgan Stanley and Wells Fargo both reiterated their overweight ratings on shares, and UBS kept its buy rating. Analysts largely believe in a stronger set-up for Chipotle heading into the back half of the year.Morgan Stanley analyst Brian Harbour, who has a $65 price target on the stock, said he maintains his rating “on the view that nothing is broken here, and growth should pick up, but patience may be needed” for the bull case to play out. In the mean time, he said he would be a buyer of material stock weakness.Wells Fargo analyst Zachary Fadem said the recovery story for the second half of 2025 is still intact, and noted that the introductions of Adobo menu item and loyalty program Summer of Extras spurred June improvement. “We expect CMG shares lower post a Q2 comp shortfall, choppy July start & lower FY outlook amid consumer variability. While improvement is playing out slower vs hoped, we’d defend shares w/ initiatives showing promise & 2H/FY26 levers still in play,” he said in a note to clients.— Pia SinghWolfe Research upgrades General Dynamics to outperform Wolfe Research came away from General Dynamics second-quarter earnings report feeling like the defense company is “back on the right track.” Analyst Myles Walton upgraded shares to outperform from peer perform, and set a year-end 2025 price target of $360 — that’s about 14% above Wednesday’s close.Walton said he now sees the stock as a “solid play on topline growth and margin recovery in the bizjet unit and downside protection & growth within defense.” What’s more, the company is improving its free cash flow generation and there’s a chance it could make “meaningful” stock buybacks once its leverage improves.General Dynamics shares are up more than 6% over the past week and 21% year to date.— Christina Cheddar Berk38 stocks in the S&P 500 trade at new 52-week highsNYSECiti is seen on the floor of the New York Stock Exchange on March 3, 2025. During Thursday’s trading session, 38 stocks in the S&P 500 traded at new 52-week highs.Tickers that hit this milestone included:Citigroup trading at levels not seen since November 2008JPMorgan trading at all-time high levels back to its IPO in 1983Blackrock trading at all-time high levels back to its IPO in December 1999Ulta Beauty trading at levels not seen since April 2024Dollar Tree trading at levels not seen since June 2024Broadcom trading at all-time high levels back through Avago’s IPO on the NASDAQ in August 2009Ebay trading at all-time high levels back to its IPO in September 1998Caterpillar trading at all-time high levels back to when it first began trading on the NYSE in 1929Northrop Grumman trading at all-time highs back to the merger between Northrop Aircraft and Grumman Aerospace in 1994General Dynamics trading at all-time high levels back to 1952 when it was incorporated and listed on the NYSEWarner Bros. Discovery trading at levels not seen since August 2023 Three stocks in the index traded at new 52-week lows: CarMax, LKQ and Molina Healthcare.— Gina Francolla, Lisa Kailai HanChipotle shares on pace for worst day since 2017Shares of Chipotle dropped more than 14% in early afternoon trading Thursday after the company scaled down its 2025 same-store sales outlook and posted weaker-than-expected second-quarter revenue.The decline put the stock on track for its biggest percentage decline in a single day since Oct. 25, 2017, when it fell 14.58%Thursday’s losses are just the latest blow for the stock’s underperformance in 2025. Year to date, it’s seen a decline of almost 25%, lagging the S&P 500’s gain of 8% in the same period.— Sean ConlonUnion Pacific, Norfolk Southern, CSX, IBM among the stocks making moves middayCheck out the stocks making midday moves on Thursday:Union Pacific, Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell almost 3%, while Norfolk Southern slipped less than 1%.CSX — Shares rose less than 1% after talks between rival railroad operators stoked deal speculation. The company’s CEO Joseph Hinrichs said in an interview that he was open to “all possibilities.”IBM — The tech stock fell 7% after the company reported disappointing revenue at its software business. While IBM raised its forecast for full-year free cash flow, it held to its revenue forecast. Read here for the full list of names.— Christina Cheddar BerkNew home sales fall short; PMIs offer split economic viewsJustin Sullivan | Getty ImagesA sign advertises homes in front of a new housing development on July 1, 2025 in Hercules, California. More data Thursday showed sales still moving at a slow pace in the housing market.New single-family sales in June rose just 0.6% to a seasonally adjusted rate of 627,000, the Commerce Department reported. That was below the 645,000 estimate from Dow Jones and off 6.6% from the same month a year ago.In other economic news, the S&P Global flash services PMI posted a reading of 55.2, a seven-month high and better than the forecast for 53.2. However, the manufacturing PMI came in at just 49.5, a seven-month low and below the 52.7 estimate. A reading above 50 represents expansion for the diffusion indexes.— Jeff CoxS&P 500 experiencing longest quiet streak in monthsThe S&P 500 is on pace for its 21st consecutive trading day without a move of 1% or more in either direction.That matches the broad market index’s streak that was last seen in December.— Adrian van Hauwermeiren, Sean ConlonTrump says he wants Elon Musk’s companies to ‘THRIVE’Andrew Harnik | Getty Images News | Getty ImagesU.S. President Donald Trump and White House Senior Advisor, Tesla and SpaceX CEO Elon Musk sit in a Model S on the South Lawn of the White House on March 11, 2025 in Washington, DC.President Donald Trump said he wanted billionaire entrepreneur Elon Musk to see his businesses succeed after Tesla’s earnings report came in weaker than analysts expected.“Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government,” Trump wrote in a Truth Social post published Thursday morning. “This is not so! I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”“The better they do, the better the USA does, and that’s good for all of us,” he added. “We are setting records every day, and I want to keep it that way!”Trump’s statement follows recent clashes with Musk, who supported the president’s reelection bid and ran his controversial government efficiency initiative. Despite the comment, Tesla stock traded down more than 8% in morning trading.— Alex HarringUnitedhealth shares fall after it reveals DOJ Medicare billing probeMike Blake | ReutersThe logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020.UnitedHealth Group shares tumbled almost 2% in morning trading after the company said it has reached out to the Department of Justice about an investigation of its Medicare billing practices.The stock has been under pressure all year, with shares down 43% so far in 2025. In May, the Wall Street Journal reported the possibility of the Justice Department probe. Then, the paper reported in July that doctors told the Journal they felt pressure to submit claims in a way that would boost Medicare Advantage payments to the company.UnitedHealth said in a filing with the Securities and Exchange Commission that it’s complying with both criminal and civil requests and has full confidence in its practices.— Christina Cheddar BerkS&P 500, Nasdaq open higherThe S&P 500 and the Nasdaq Composite traded up on Thursday morning, rising to fresh records.The broad market index gained 0.2% shortly after 9:30 a.m. ET, and the Nasdaq climbed 0.4%.Conversely, the Dow Jones Industrial Average fell 302 points, or 0.7%. — Sean ConlonOpendoor, Dow, Alphabet among the names making moves before the bellReutersGoPro CameraSome stocks are making big moves in the premarket on Thursday:Meme stocks — These stocks once again are making attention-grabbing moves. Opendoor Technologies jumped 7%, while GoPro and Krispy Kreme each fell around 4%.Dow Inc. — The chemical company’s stock slid more than 10% after disappointing second-quarter results. Dow posted a loss of 42 cents per share, excluding items, on $10.1 billion in revenue, while analysts penciled in a loss of 17 cents a share and $10.23 billion, respectively, according to LSEG.Alphabet — Shares of the Google parent rose almost 4% on a stronger-than-anticipated earnings report. Alphabet earned $2.31 per share on $96.43 billion in revenue for the second quarter, surpassing respective expectations of $2.18 a share and $94 billion from analysts, according to LSEG. Read the complete list of stocks here.— Alex HarringJobless claims total 217,000, below forecastLayoffs at U.S. companies remained low last week as initial filings for unemployment insurance edged down, the Labor Department reported Thursday.Jobless claims totaled a seasonally adjusted 217,000 for the week ending July 19, down 4,000 from the prior period and short of the Dow Jones consensus estimate for 227,000.Continuing claims, which run a week behind, also showed little change, up 4,000 to 1.955 million.— Jeff CoxOpendoor up again in meme rally, American Eagle getting loveBudrul Chukrut | Lightrocket | Getty ImagesAmerican clothing and accessories retailer American Eagle store seen in Hong Kong.Shares of Opendoor jumped about 8% in premarket trading Thursday after two days of retreat. The real estate startup gained sudden fandom among retail traders, pushing the stock up more than 300% this month.Other meme names that had been active were relatively tame. Wearable camera firm GoPro, doughnut maker Krispy Kreme and Kohl’s all traded slightly lower in premarket.American Eagle Outfitters seems to be catching the meme wave, with shares skyrocketing 18% after the company unveiled a campaign with Sydney Sweeney.— Yun LiAmerican Airlines falls on weak guidanceKevin Carter | Getty Images News | Getty ImagesLOS ANGELES, CALIFORNIA – MARCH 30: An American Airlines Airbus A321 airplane departs Los Angeles International Airport en route to Orlando on March 30, 2025 in Los Angeles, California.(Photo by Kevin Carter/Getty Images)Shares of American Airlines dropped more than 6% in premarket trading on Thursday on the heels of the airline posting disappointing guidance.For the third quarter, American forecasts an adjusted loss of between 10 cents and 60 cents per share. That’s compared to the consensus estimate of a loss of 7 cents per share, according to LSEG.Additionally, the airline also reinstated its full-year outlook after withdrawing it back in April. The airline expects to post between an adjusted loss of as much as 20 cents per share to earnings of as much as 80 cents per share for 2025. That’s down from its adjusted earnings of $1.70 to $2.70 per share that it made in January.However, earnings and revenue for the second quarter topped analyst expectations.— Leslie Josephs, Sean ConlonDow shares plummet after earnings missAdam Jeffery | CNBCJim Fitterling, CEO of Dow ChemicalDow shares fell more than 7% in the premarket Thursday after the company’s second-quarter results missed analyst estimates on the top and bottom lines.Dow reported a loss of 42 cents per share, below the loss of 17 cents per share that analysts surveyed by LSEG were expecting. The company’s revenue of $10.10 billion for the quarter also came up short, as analysts were looking for $10.23 billion.— Sean ConlonThursday earnings calendar previewThursday will be another big day for the second-quarter earnings season.Here are some of the ciompanies reporting earnings before Thursday’s opening bell:HoneywellDowAmerican AirlinesNasdaqBlackstoneUnion PacificKeurig Dr. PepperL3Harris Technologies Here are some of the names reporting earnings after Thursday’s closing bell:IntelBoyd GamingVeriSignEdwards LifesciencesMohawk IndustriesSLMNewmontWeyerhaeuser — Lisa Kailai HanStocks making the biggest moves after the bell: ServiceNow, IBM and moreGerry Miller | CNBCBill McDermott, CEO of ServiceNow, speaking on CNBC’s Squawk On The Street outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. These are the stocks moving the most in extended-hours trading:ServiceNow — The software company jumped 7%. ServiceNow lifted its full-year guidance for subscription revenue, calling for a range of $12.775 billion to $12.795 billion.International Business Machines — The tech stalwart slipped 5% after second-quarter software revenue missed expectations.Chipotle Mexican Grill — Shares of the burrito chain dropped 9%. Chipotle cut its outlook for same-store sales growth for the full year. Read the full list of stocks moving here.— Lisa Kailai HanHealth-care sector posts best day since mid-MayNine out of 11 S&P 500 sectors ended Wednesday’s trading in positive territory, led by health care.Health care rose 2% in Wednesday’s trading for its best day since May 12. Thermo Fisher Scientific led the advance in the sector. The biotechnology stock jumped 9.1% after Thermo Fisher posted second-quarter results that topped Wall Street’s expectations.Moderna and Centene also posted solid gains in the session, with both up nearly 6%.—Darla MercadoS&P 500 futures are little changed on Wednesday nightFutures tied to the S&P 500 were little changed shortly after 6 p.m. ET on Wednesday night.S&P 500 futures ticked 0.1% higher, while Nasdaq 100 futures added 0.4%. Futures tied to the Dow Jones Industrial Average fell 110 points, or 0.2%.— Lisa Kailai Han

2025-07-24

Ferlita Nussel Dowell Financial Group Launches Personalized Financial Services to Support ...

Tampa, FL, July 23, 2025 (GLOBE NEWSWIRE) -- Ferlita Nussel Dowell (FND) Financial Group, a member of Advisory Services Network, LLC, has launched a personalized financial services model to help investors navigate today’s volatile market environment. This personalized approach centers...

2025-07-24

NEOGEN SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Neogen Corporation - NEOG

NEW ORLEANS, July 23, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 16, 2025 to file lead plaintiff applications in a securities class action lawsuit against Neogen Corporation (NASDAQ:NEOG), if they purchased the Company's shares between January 5, 2023 through June 3, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Michigan.Get HelpNeogen investors should visit us at https://claimsfiler.com/cases/nasdaq-neog/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.About the LawsuitNeogen and certain ...Full story available on Benzinga.com

2025-07-24

ServiceNow, Inc. 2025 Q2 - Results - Earnings Call Presentation

The following slide deck was published by ServiceNow, Inc.

2025-07-24

Tesla Stock Drops After-Hours, Analysts Lament Lack Of 'Clear Metrics,' Balance Sheet Pressure And Legal Risks: Elon Musk Gave 'Ton Of Ammunition' To Lawyers Suing Him

Leading analysts react to Tesla Inc.’s (NASDAQ:TSLA) second-quarter earnings call, flagging a range of concerns regarding the company and its current direction.Check out the current price of TSLA stock here.What Happened: On Wednesday, soon after the call, Gene Munster, a managing partner at Deepwater Asset Management, posted on X, noting that the stock was “down almost 4.3%, compared to flat at the start of the call.” Munster adds that “There was no single trigger for the sell-off. It was a steady decline throughout the call.”Munster highlighted several red flags in the call, starting with the absence of “clear metrics about what to expect this quarter from Austin,” referring to the company’s robotaxis that were rolled out in the city.See Also: Elon Musk’s Tesla Sits On $284 Million Bitcoin Windfall In Q2, Refuses to Cash OutHe further expressed concerns that Tesla would need to “fund autonomy from the balance sheet until it reaches scale,” which he said “raise[s] questions about what profits will look like over the next year.”TSLA call just ended.The stock is now down almost 4.3 %, compared to flat at the start of the call.There was no single trigger for the sell off. It was a ...Full story available on Benzinga.com

2025-07-24

Servicenow targets $15B-plus subscription revenue for 2026 as AI momentum drives 21.5% growth

Discover ServiceNow's stellar Q2 2025 results with 21.5% subscription revenue growth, expanded AI adoption, and a raised outlook.

2025-07-24

Columbia University To Pay $200 Mn In Clash With Trump

Columbia University said Wednesday it will pay $200 million to the US government after President Donald Trump threatened to pull federal funding over what he said was its unwillingness to protect Jewish students.

2025-07-24

Proof Of Life: Tracking Elusive Amazon Group To Save Their Land

A ceramic pot and the shell of a turtle, once hunted for its meat, are the most recent traces of an Indigenous community thought to live deep in the north Brazilian Amazon.

2025-07-24

New Research Debunks Fears of Supermarket Surge Pricing with Electronic Shelf Labels

Amid growing political concerns that supermarkets are quietly gouging shoppers through dynamic "surge pricing," a new study from the University of California Rady School of Management offers a surprising conclusion: it's not happening.

2025-07-24

Recruits With Heart Failure, Some Mental Health Issues Can't Join Military: Hegseth

Recruits With Heart Failure, Some Mental Health Issues Can't Join Military: Hegseth Authored by Zachary Stieber via The Epoch Times (emphasis ours),People who want to join the military cannot do so if they have congestive heart failure or one of a dozen other conditions, Defense Secretary Pete Hegseth said in a memorandum released on July 22.Defense Secretary Pete Hegseth in Washington on June 26, 2025. Madalina Kilroy/The Epoch TimesBeing treated for schizophrenia, having a history of paraphilic disorders, or suffering from multiple sclerosis are other conditions that are ineligible for medical accession waivers, Hegseth said.“America’s warfighters must be physically and mentally capable of performing their duties in the harshest of conditions,” Hegseth wrote in the memo, which is dated July 11. “Severe underlying medical conditions introduce significant risks on the battlefield and threaten not only mission priorities, but also the health and safety of the affected individual and their fellow Service members.”Medical waivers allow applicants for military service to serve even though the applicants have a current or past condition that means they do not meet military standards. Approximately 13 to 16 percent of applicants were rejected for not meeting the standards from fiscal year 2016 through fiscal year 2020, according to the Department of Defense’s inspector general.The full list of conditions newly ineligible for the waivers includes the following:Amyotrophic lateral sclerosisCurrent chronic supplemental oxygen useCurrent congestive heart failureCurrent epilepsyCurrent treatment for schizophreniaHistory of cystic fibrosisHistory of receiving a solid organ transplantHistory of paraphilic disorders, or disorders involving abnormal sexual interests or behaviorsMultiple sclerosisOsteogenesis Imperfecta, or brittle bone diseaseSuicidal attempt(s) within the previous 12 monthsThoughts or plans of killing another person within the previous 12 monthsTrisomy 21, or Down syndromeThe list of conditions for which secretaries of military departments are the only officials who can now approve waivers includes the following:Current central nervous system shuntsCurrent ostomyEye missing or lack of vision in at least one eyeFoot missingHand missing, or bony portion of hand missing, excepting digitsHistory of chronic hepatic failureHistory of chronic kidney disease requiring dialysisHistory of corneal transplantHistory of disorders with psychotic features, including schizophrenic disordersHistory of myocardial infarction, or heart attacksHistory of neurodegenerative disorders, such as disorders affecting the spinal cordHistory of scleroderma, a disease that features tight skin and tissueHaving an implanted pacemaker or defibrillatorThe Department of Defense, in its most recently updated military standards from 2024, had said that a number of the conditions now deemed by Hegseth as ineligible for waivers could be eligible for waivers.Waivers for medical and other conditions are widely used. Just 23 percent of America’s youth were eligible to enlist without a waiver, a defense official told reporters in 2024.The Pentagon said the updated medical waiver eligibility is aimed at making sure America’s military has high standards and stays ready to fight.“The Department remains committed to mission success by ensuring that the young Americans who serve are physically and mentally capable of performing their duties in the harshest conditions,” Sean Parnell, the department’s chief spokesperson, said in a statement. Tyler DurdenWed, 07/23/2025 - 22:35

2025-07-24

Quantum Computing: Stay Far From The Quantum Realm, Strong Sell

Quantum Computing is overvalued, unprofitable, and speculative. Read why we rate QUBT stock a strong sell and advise caution until key improvements are made.

2025-07-24

Germans reluctant to open wallets despite easing inflation

The cost-of-living crisis may be easing in Germany but that has not sparked a shopping frenzy just yet in a country where, as a recent survey suggests, people fear inflation more than war. Inflation in Europe’s biggest economy has fluctuated between 1.6 and 2.6 percent over the past year, far below the 70-year high reached [...]The post Germans reluctant to open wallets despite easing inflation appeared first on Digital Journal.

2025-07-24

Trump to visit Federal Reserve amid scrutiny of renovations - The Hill

Trump to visit Federal Reserve amid scrutiny of renovations The HillTrump to Visit Federal Reserve As Campaign Against Powell Intensifies The New York TimesTrump's visit to Fed today may not follow history of president endorsing independence FortuneTrump to visit Federal Reserve, escalating campaign against Chair Powell CNBCTop Trump official slated to inspect Fed's $2.5B renovation amid cost scrutiny Fox Business

2025-07-24

CNBC Daily Open: Alphabet spends more on AI — but also earns more from it

Chinese and EU leaders held a meeting Thursday as the 25th EU-China summit got underway. President Xi described the bilateral relationship as “mutually beneficial,” saying the ties had become all the more crucial as geopolitical tensions mount globally. “We have reached an inflection point. Rebalancing our bilateral relation is essential,” European Commission President Ursula von der Leyen said.As Chinese President Xi Jinping vowed to deepen ties with the European Union, the bloc’s top official raised concerns over a growing trade imbalance, underscoring the strains beneath the diplomatic niceties.Chinese and EU leaders held a meeting Thursday as the 25th EU-China summit got underway.Xi described the bilateral relationship as “mutually beneficial,” saying the ties have become all the more crucial as geopolitical tensions mount globally. “The more severe and complex the international situation is, the more China and the EU should strengthen communication, enhance mutual trust, and deepen cooperation,” Xi told the EU leaders, according to a translation by CNBC.European Council President Antonio Costa and European Commission President Ursula von der Leyen, however, struck a firmer tone, urging the Chinese leader to address the rising trade imbalance between the two major economies.“We have reached an inflection point. Rebalancing our bilateral relation is essential,” she said, according to the official readout, stressing that both sides needed to “acknowledge respective concerns and come forward with real solutions.”Trade tensions globally have taken centerstage this year, with the EU-China relations strained by Beijing’s export of excess industrial supply amid weakening domestic demand.The bloc, which China counts as its second-largest trading partner, raised tariffs on Chinese electric vehicles last year in an effort to protect its domestic industry, drawing Beijing to launch anti-dumping probes into European brandy, dairy and pork.“What we have seen is a reiteration of both sides’ respective positions,” said Daniel Balazs, a research fellow at S. Rajaratnam School of International Studies, highlighting the underlying differences in the two sides’ objectives.The EU wants “more balanced economic ties” and for China to do more in bringing Russia to the negotiating table over the Ukraine conflict, but Beijing seeks to reverse the EU’s restrictions on Chinese firms and duties on its electric vehicles.Earlier this month, Von der Leyen said that China was “enabling Russia’s war economy.”In the first half of this year, China had a goods-trade surplus of nearly $143 billion with the European Union, 21% higher than a year earlier, according to official customs data.

2025-07-24

Tesla, Inc. 2025 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Tesla, Inc.

2025-07-24

Tensions simmer as Xi courts EU while Brussels demands trade rebalance

Chinese and EU leaders held a meeting Thursday as the 25th EU-China summit got underway. President Xi described the bilateral relationship as “mutually beneficial,” saying the ties had become all the more crucial as geopolitical tensions mount globally. “We have reached an inflection point. Rebalancing our bilateral relation is essential,” European Commission President Ursula von der Leyen said.As Chinese President Xi Jinping vowed to deepen ties with the European Union, the bloc’s top official raised concerns over a growing trade imbalance, underscoring the strains beneath the diplomatic niceties.Chinese and EU leaders held a meeting Thursday as the 25th EU-China summit got underway.Xi described the bilateral relationship as “mutually beneficial,” saying the ties have become all the more crucial as geopolitical tensions mount globally. “The more severe and complex the international situation is, the more China and the EU should strengthen communication, enhance mutual trust, and deepen cooperation,” Xi told the EU leaders, according to a translation by CNBC.European Council President Antonio Costa and European Commission President Ursula von der Leyen, however, struck a firmer tone, urging the Chinese leader to address the rising trade imbalance between the two major economies.“We have reached an inflection point. Rebalancing our bilateral relation is essential,” she said, according to the official readout, stressing that both sides needed to “acknowledge respective concerns and come forward with real solutions.”Trade tensions globally have taken centerstage this year, with the EU-China relations strained by Beijing’s export of excess industrial supply amid weakening domestic demand.The bloc, which China counts as its second-largest trading partner, raised tariffs on Chinese electric vehicles last year in an effort to protect its domestic industry, drawing Beijing to launch anti-dumping probes into European brandy, dairy and pork.“What we have seen is a reiteration of both sides’ respective positions,” said Daniel Balazs, a research fellow at S. Rajaratnam School of International Studies, highlighting the underlying differences in the two sides’ objectives.The EU wants “more balanced economic ties” and for China to do more in bringing Russia to the negotiating table over the Ukraine conflict, but Beijing seeks to reverse the EU’s restrictions on Chinese firms and duties on its electric vehicles.Earlier this month, Von der Leyen said that China was “enabling Russia’s war economy.”In the first half of this year, China had a goods-trade surplus of nearly $143 billion with the European Union, 21% higher than a year earlier, according to official customs data.

2025-07-24

California Attorney General Issues Alert Against Immigration Status-Based Housing Discrimination

California's AG Rob Bonta alerted against housing discrimination by landlords based on immigration status, emphasizing tenant protections and legal consequences for such actions.

2025-07-23

Big Trouble in Tiny Township: How short-term renters took over cottage country - Toronto Life

Big Trouble in Tiny Township: How short-term renters took over cottage country Toronto Life

2025-07-23

DirecTV tests convenient new feature for streaming customers

DirecTV is planning to make a major change to its streaming platforms.

2025-07-23

How Many Brokerage Accounts Do You Really Need?

Multiple brokerage accounts can unlock a fuller investing experience, but managing them can be a hassle As the Investments Editor at Finder.com, I manage over two dozen brokerage accounts to test platforms, fees and tools — an extreme most investors don’t need. So don’t do that. But don’t shy away... Continue reading How Many Brokerage Accounts Do You Really Need?The post How Many Brokerage Accounts Do You Really Need? appeared first on ValueWalk.

2025-07-23

Uptown Financial Advisors LLC Increases Stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Uptown Financial Advisors LLC boosted its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV – Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,897 shares of the company’s stock after purchasing an additional 4,344 shares during [...]

2025-07-23

W.G. Shaheen & Associates DBA Whitney & Co Grows Stock Position in Hershey Company (The) (NYSE:HSY)

W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in Hershey Company (The) (NYSE:HSY – Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,129 shares of the company’s stock after purchasing an additional 1,355 shares during [...]

2025-07-23

Boyd Watterson Asset Management LLC OH Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Boyd Watterson Asset Management LLC OH trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 5.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 428 shares of the business services provider’s stock after selling 27 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Booking [...]

2025-07-23

W.G. Shaheen & Associates DBA Whitney & Co Increases Stake in Hershey Company (The) (NYSE:HSY)

W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,129 shares of the company’s stock after purchasing an additional 1,355 shares during [...]

2025-07-23

BNY Taps Goldman Tech To Tokenize Traditional Finance—BlackRock, Fidelity Join In

Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) have introduced a blockchain-powered system to issue digital tokens that mirror shares of money market funds, marking a significant step toward the tokenization of traditional financial assets in the United States.As part of this initiative, institutional investors can now subscribe to select money market funds via BNY’s LiquidityDirect platform, with mirror tokens issued using Goldman Sachs’ GS DAP® blockchain infrastructure. These digital representations will reflect the corresponding value of investors’ holdings and allow enhanced visibility, programmability, and potential future transferability of fund shares.The launch ...Full story available on Benzinga.com

2025-07-23

The Energy Report: It’s a Big Beautiful Massive Trade Deal With Japan

Market Analysis by covering: Chevron Corp, Exxon Mobil Corp, Hess Corporation, Crude Oil WTI Futures. Read 's Market Analysis on Investing.com

2025-07-23

AT&T: A Big Beautiful Beneficiary

AT&T Inc.'s strong Q2 results, solid dividends, and growth prospects make it a compelling long-term telecom investment. Click for our T earnings update.

2025-07-23

Lululemon is selling this $88 multi-use bag for only $44, and shoppers say it has 'such a comfortable fit'

"Being able to switch between backpack and crossbody in an instant is super convenient."

2025-07-23

Trump Announces US–Japan LNG Joint Venture

The announcement came as Trump touted a broader U.S.–Japan trade deal.

2025-07-23

Highly shorted Krispy Kreme, GoPro surge in latest meme stock frenzy - Reuters

Highly shorted Krispy Kreme, GoPro surge in latest meme stock frenzy ReutersThe meme stock rally continues the Trump trade rebound that has stocks trading at record highs Yahoo FinanceWhy Shares of Kohl's Are Sinking Today Yahoo FinanceGoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up CNBCRivian, Wayfair, and 7 More Stocks That Could Join the Meme Trade Craze Barron's

2025-07-23

TIM S.A. Q2 Earnings Preview: Unspoken Risks

TIM S.A. faces challenges with conservative guidance, rising inflation, and declining cash flow.

2025-07-23

Watch CNBC's full interview with KeyCorp CEO Chris Gorman

Chris Gorman, KeyCorp CEO, joins CNBC's 'Squawk on the Street' to discuss KeyCorp's operating environment, expectations for the Federal Reserve's path to rate cuts, his reaction to new stablecoin legislation, and much more.

2025-07-23

Here's How Much $100 Invested In Netflix 5 Years Ago Would Be Worth Today

Netflix (NASDAQ:NFLX) has outperformed the market over the past 5 years by 4.8% on an annualized basis producing an average annual return of 19.25%. Currently, Netflix has a market capitalization of $500.60 billion. Buying $100 In NFLX: If an ...Full story available on Benzinga.com

2025-07-23

Lucid Motors Forges Alliance for U.S. Battery Materials

Lucid Group (NASDAQ: LCID), an electric vehicle manufacturer, announced Wednesday a collaboration with several critical mineral producers aimed at accelerating the development and procurement of domestic critical minerals for U.S. automotive manufacturing. The new initiative, named the Minerals for National Automotive Competitiveness Collaboration (MINAC), includes Alaska Energy Metals, Graphite One, Electric Metals, and RecycLiCo. MINAC's stated goals include advancing domestic mineral production through offtake agreements, identifying and resolving...

2025-07-23

Goldman Sachs, BNY To Offer Tokenized Money-Market Funds For Clients

Goldman Sachs, BNY To Offer Tokenized Money-Market Funds For Clients Authored by Amin Haqshanas via CoinTelegraph.com,Wall Street giants Goldman Sachs and BNY are preparing to offer institutional investors access to tokenized money market funds, which could unlock real-time settlement, 24/7 market access and more efficiencies across capital markets.Clients of BNY, the world’s largest custodian bank, will soon be able to invest in money market funds whose ownership is recorded directly on Goldman Sachs’ private blockchain, according to a Wednesday news release.“As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY.The initiative includes participation from industry heavyweights including BlackRock, Fidelity Investments and Federated Hermes, along with the asset management arms of Goldman and BNY, per the release.Money market fund tokens. Source: Copper.coBan on interest-bearing stables to spur growth in tokenized fundsThe development comes on the heels of the newly signed GENIUS Act, which established a regulatory framework for stablecoins in the US. The bill, passed last week with more than 300 House votes, bans interest-bearing stablecoins.In contrast, tokenized money market funds offer yield, giving hedge funds, pensions and corporations a new tool to manage idle cash with minimal volatility.In a report last month, Moody’s revealed that tokenized short-term funds have grown to $5.7 billion in assets since 2021 amid growing interest from traditional asset managers, insurers and brokerages looking to offer clients access between fiat and digital markets. Typically backed by US Treasurys or other low-risk instruments, these funds function like traditional money market funds but leverage blockchain to issue fractional shares and enable real-time settlement.Race to bring capital markets on blockchain is onEarlier this month, Robinhood CEO Vlad Tenev detailed plans for “Robinhood Chain,” an Ethereum-compatible layer 2 on Arbitrum Orbit. The blockchain will let users trade tokenized derivatives of stocks directly on the blockchain, moving asset trading outside traditional exchange hours.In a July 4 report, Galaxy Digital said Robinhood’s tokenization move removes assets from traditional market channels and brings them onchain, directly challenging the concentrated liquidity and activity that give major TradFi exchanges like the NYSE their edge. Tyler DurdenWed, 07/23/2025 - 10:45

2025-07-23

Pure Storage: Staying Sidelined Until Next Quarter

Pure Storage's growth in AI-driven flash storage despite challenges like rising input costs and tariffs. Read here for more on PSTG stock here.

2025-07-23

Manhattan Associates outlines $1.073B 2025 revenue target and expands AI-driven platform amid leadership transition

Discover Manhattan Associates' impressive Q2 2025 results with 22% cloud revenue growth, expanded partnerships, and raised full-year guidance.

2025-07-23

CORRECTION - Grupo Aeroportuario del Pacifico Announces Results for the Second Quarter of 2025

GUADALAJARA, Mexico, July 22, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") reports its consolidated results for the second quarter ended June 30, 2025 (2Q25). Figures are unaudited and prepared following International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB").Summary of Results 2Q25 vs. 2Q24The sum of aeronautical and non-aeronautical services revenues increased by Ps. 1,922.2 million, or 30.6%. Total revenues increased by Ps. 3,623.0 million, or 49.9%.Cost of services increased by Ps. 308.5 million, or 25.4%.Income from operations increased by Ps. 1,067.6 million, or 30.4%.EBITDA increased by Ps. 1,305.2 million, or 31.1%, an increase from Ps. 4,198.1 million in 2Q24 to Ps. 5,503.3 million in 2Q25. EBITDA margin (excluding the effects of IFRIC-12) went from 66.8% in 2Q24 to 67.1% in 2Q25.Comprehensive income decreased by Ps. 658.9 million, or 22.8%, from an income of Ps. 2,893.9 million in 2Q24 to an income of Ps. 2,234.9 million in 2Q25.Company's Financial Position:As of June 30, 2025, the Company reported a cash and cash equivalents position of Ps. 9,697.3 million. During the second quarter of 2025, the Company repaid the maturing bond certificate "GAP 21" for Ps. 2,500.0 million. In addition, the Company drew down a Ps. 3,375.0 million credit facility from Banco Nacional de México, S.A. ("Banamex") with a five-year term, and the proceeds were used to refinance maturities in June and July 2025 with Banamex for Ps. 2,500.0 million and BBVA for Ps. 875.0 million.Passenger TrafficDuring 2Q25, the 14 airports operated by GAP recorded an increase of 624.7 thousand total passengers, representing a 4.1% increase compared to 2Q24.During this period, the following new routes were launched:Domestic:AirlineDepartureArrivalOpening dateFrequenciesVivaHermosilloTijuanaMay 22, 20251 dailyVivaTijuanaHermosilloMay 22, 20251 dailyVivaLa PazSanta LucíaMay 22, 20251 dailyVivaLa PazTijuanaMay 22, 20251 dailyVivaTijuanaLa PazMay 22, 20251 dailyVivaTijuanaVeracruzMay 22, 20253 weeklyVivaTijuanaQuerétaroMay 23, 20254 weekly Note: Frequencies can vary without prior notice.International: AirlineDepartureArrivalOpening dateFrequenciesWorld2FlyMontego BayLisboaJune 11, 20251 weekly Note: Frequencies can vary without prior notice.Domestic Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara2,994.83,090.93.2%5,666.56,112.17.9%Tijuana *2,097.82,139.22.0%4,083.44,196.72.8%Los Cabos690.6739.77.1%1,328.31,408.66.0%Puerto Vallarta742.6830.411.8%1,317.41,484.012.6%Montego Bay0.00.00.0%0.00.00.0%Guanajuato514.3576.812.2%998.21,092.39.4%Hermosillo531.0545.52.7%988.51,054.26.6%Kingston0.50.1(84.2%)1.10.2(85.8%)Morelia153.3173.112.9%299.5359.219.9%Mexicali226.3305.735.1%514.6598.816.4%La Paz288.1328.113.9%559.4608.78.8%Aguascalientes166.2167.40.7%308.6319.23.4%Los Mochis141.8179.426.5%268.0344.428.5%Manzanillo30.331.43.5%66.266.1(0.1%)Total8,577.69,107.66.2%16,399.817,644.57.6% *Cross Border Xpress (CBX) users are classified as international passengers.International Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara1,369.91,387.21.3%2,860.02,894.21.2%Tijuana *981.71,051.87.1%1,934.02,066.76.9%Los Cabos1,199.91,224.42.0%2,607.82,607.3(0.0%)Puerto Vallarta897.7849.1(5.4%)2,441.52,321.6(4.9%)Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato242.2252.74.3%489.3515.75.4%Hermosillo20.319.2(5.2%)43.640.1(7.9%)Kingston419.2453.58.2%810.6881.58.7%Morelia156.8155.9(0.6%)313.9330.15.1%Mexicali2.11.8(14.1%)3.83.6(4.0%)La Paz2.98.9202.1%6.117.6186.1%Aguascalientes81.782.50.9%151.2156.23.3%Los Mochis2.02.0(0.2%)4.03.9(3.2%)Manzanillo15.918.315.2%56.162.210.8%Total6,677.36,771.81.4%14,464.414,504.20.3% *CBX users are classified as international passengers.Total Terminal Passengers – 14 airports (in thousands):Airport2Q242Q25Change6M246M25ChangeGuadalajara4,364.64,478.12.6%8,526.59,006.35.6%Tijuana *3,079.53,191.03.6%6,017.46,263.34.1%Los Cabos1,890.51,964.03.9%3,936.24,015.92.0%Puerto Vallarta1,640.31,679.52.4%3,758.93,805.61.2%Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato756.5829.49.6%1,487.51,608.18.1%Hermosillo551.2564.72.4%1,032.01,094.36.0%Kingston419.8453.58.0%811.8881.78.6%Morelia310.1329.06.1%613.4689.312.4%Mexicali228.5307.534.6%518.4602.416.2%La Paz291.0337.015.8%565.6626.310.7%Aguascalientes247.9249.80.8%459.8475.33.4%Los Mochis143.8181.426.1%272.0348.328.0%Manzanillo46.249.77.5%122.4128.34.9%Total15,254.715,879.44.1%30,864.232,148.74.2% *CBX users are classified as international passengers.CBX Users (in thousands):Airport2Q242Q25Change6M246M25ChangeTijuana965.71,031.46.8%1,907.62,029.66.4% Consolidated Results for the Second Quarter of 2025 (in thousands of pesos): 2Q242Q25ChangeRevenues Aeronautical services4,560,960 5,763,188 26.4%Non-aeronautical services1,722,735 2,442,659 41.8%Improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Total revenues7,259,022 10,881,996 49.9% 6,283,695 8,205,847 30.6%Operating costs Costs of services:1,213,842 1,522,382 25.4%Employee costs490,716 638,722 30.2%Maintenance180,485 256,830 42.3%Safety, security & insurance199,802 232,516 16.4%Utilities130,036 148,732 14.4%Business operated directly by us72,549 86,632 19.4%Other operating expenses140,254 158,950 13.3% Technical assistance fees202,174 221,680 9.6%Concession taxes678,595 968,933 42.8%Depreciation and amortization687,351 924,959 34.6%Cost of improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Other (income)(9,042)(10,461)15.7%Total operating costs3,748,247 6,303,642 68.2%Income from operations3,510,775 4,578,354 30.4%Financial Result(663,157)(733,545)10.6%Income before income taxes 2,847,618 3,844,809 35.0%Income taxes(594,903)(1,189,674)100.0%Net income 2,252,715 2,655,135 17.9%Currency translation effect659,054 (423,527)(164.3%)Cash flow hedges, net of income tax(20,164)2,668 (113.2%)Remeasurements of employee benefit – net income tax2,276 667 (70.7%)Comprehensive income 2,893,881 2,234,943 (22.8%)Non-controlling interest(95,925)(90,951)(5.2%)Comprehensive income attributable to controlling interest2,797,956 2,143,992 (23.4%) 2Q242Q25ChangeEBITDA4,198,126 5,503,313 31.1%Comprehensive income2,893,881 2,234,943 (22.8%)Comprehensive income per share (pesos)5.7273 4.4232 (22.8%)Comprehensive income per ADS (US dollars)3.4591 2.1621 (37.5%) Operating income margin48.4%42.1%(13.0%)Operating income margin (excluding IFRIC-12)55.9%55.8%(0.1%)EBITDA margin57.8%50.6%(12.6%)EBITDA margin (excluding IFRIC-12)66.8%67.1%0.4%Costs of services and improvements / total revenues30.2%38.6%27.9%Cost of services / total revenues (excluding IFRIC-12)19.3%18.6%(4.0%) - Net income and comprehensive income per share for 2Q25 and 2Q24 were calculated based on 505,277,464 shares outstanding as of June 30, 2025, and June 30, 2024, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 18.2610 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2025.- For consolidating the Jamaican airports, an average exchange rate of Ps. 19.5453 per U.S. dollar was used, corresponding to the three-month period ended June 30, 2025.Revenues (2Q25 vs. 2Q24)Aeronautical services revenues increased by Ps. 1,202.2 million, or 26.4%.Non-aeronautical services revenues increased by Ps. 719.9 million, or 41.8%.Revenues from improvements to concession assets increased by Ps. 1,700.8 million, or 174.4%.Total revenues increased by Ps. 3,623.0 million, or 49.9%.The change in aeronautical services revenues was primarily due to the following factors:Revenues from Mexican airports increased by Ps. 1,067.3 million, or 27.6%, compared to 2Q24, mainly due to a Ps. 951.6 million or 22.5% increase in the passenger fee revenue, driven by the higher airport maximum tariffs approved for the new 2025–2029 regulatory period, effective as of March 2025, and by a 4.5% increase in passenger traffic during the quarter.Revenues from Jamaican airports increased by Ps. 134.9 million, or 19.3%, compared to 2Q24, mainly due to the depreciation of the Mexican peso against the U.S. dollar, which moved from an average exchange rate of Ps. 17.2106 in 2Q24 to Ps. 19.5453 in 2Q25, resulting in higher revenues in pesos. Additionally, there was a 0.8% increase in passenger traffic during the quarter.The change in non-aeronautical services revenues was primarily driven by the following factors:Revenues from Mexican airports increased by Ps. 676.2 million, or 45.9%, compared to 2Q24. Revenues from businesses operated directly by us increased by Ps. 582.8 million, or 116.7%, mainly due to the consolidation of revenues from the cargo and bonded warehouse business, which contributed Ps. 477.1 million. Revenues from businesses operated by third parties increased by Ps. 85.5 million, or 9.2%, primarily driven by the opening of new commercial spaces and the renegotiation of commercial contracts. The fastest-growing business lines were food and beverage, retail stores, duty-free, timeshares, and ground transportation, which together increased by Ps. 90.4 million, or 15.3%.Revenues from Jamaican airports increased by Ps. 43.7 million, or 17.4%, compared to 2Q24. In U.S. dollar terms, revenues rose by USD $0.6 million, or 8.2%, further benefiting from a 13.6% depreciation of the Mexican peso against the U.S. dollar compared to 2Q24. 2Q242Q25ChangeBusinesses operated by third parties: Food and beverage290,715342,67917.9%Duty-free183,384208,16013.5%Car rental204,578211,1283.2%Retail159,927191,43119.7%Leasing of space120,804112,962(6.5%)Other commercial revenues61,50159,010(4.1%)Timeshares55,36767,81822.5%Ground transportation46,67651,1969.7%Communications and financial services27,55928,8374.6%Total1,150,5111,273,22110.7% Businesses operated directly by us: Cargo operation and bonded warehouse31,218514,1131546.8%Car parking169,356177,8725.0%Convenience stores135,464161,58819.3%VIP Lounges120,862168,32139.3%Hotel operation18,25136,882102.1%Advertising42,40043,3662.3%Total517,5511,102,141113.0%Recovery of costs54,67467,29723.1%Total Non-aeronautical Revenues 1,722,7352,442,65941.8% Figures expressed in thousands of Mexican pesos.‐ Revenues from improvements to concession assets 1Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 1,700.8 million, or 174.4%, compared to 2Q24. The change was composed of:Improvements to concession assets at the Company's Mexican airports, which increased by Ps. 1,703.1 million, or 191.1%, following investments under the Master Development Program for the 2025-2029 period.Improvements to concession assets at the Company's Jamaican airports, which decreased Ps. 2.3 million, or 2.7%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company's Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.Total operating costs increased by Ps. 2,555.4 million, or 68.2%, compared to 2Q24, primarily due to a Ps. 1,700.8 million increase in the cost of improvements to concession assets (IFRIC-12), a Ps. 308.5 million, or 25.4%, increase in the cost of services, driven mainly by the consolidation of the cargo and bonded warehouse business, which contributed Ps. 160.1 million; an increase of Ps. 309.8 million, or 35.2%, in concession fees and technical assistance fees; and higher depreciation and amortization, up Ps. 237.6 million, or 34.6%, due to the recognition of fair values related to the cargo and bonded warehouse business. Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 854.6 million, or 30.8%.This increase in total operating costs was primarily due to the following factors: Mexican airports: Operating costs increased by Ps. 2,467.5 million, or 83.7%, compared to 2Q24, mainly due to a Ps. 1,703.1 million or 191.1% increase in cost of improvements to the concession assets (IFRIC-12), a Ps. 274.6 million or 27.1% increase in the cost of services, a Ps. 210.2 million, or 37.0% increase in depreciation and amortization, and a Ps. 280.2 million or 57.6% combined increase in technical assistance fees and concession fees. Excluding construction costs (IFRIC 12), operating expenses increased by Ps. 764.4 million, or 37.2%.The change in the cost of services at our Mexican airports during 2Q25 was mainly due to:Employee costs increased by Ps. 134.2 million, or 30.8%, mainly due to the consolidation of the cargo and bonded warehouse business, which contributed Ps. 86.5 million.Maintenance rose by Ps. 77.1 million, or 54.5%, due to the opening of new operational areas, airfield maintenance, the operation of jet bridges by Ps. 44.4 million, and the consolidation of the cargo and bonded warehouse business, which contributed Ps. 8.4 million.Other operating expenses increased by Ps. 29.3 million, or 15.3%, primarily due to higher consulting services and travel expenses of Ps. 11.7 million, and the consolidation of the cargo and bonded warehouse business of Ps. 12.4 million.Safety, security and insurance rose by Ps. 17.7 million, or 11.7%, driven by an increase in security personnel, minimum wage adjustments, changes in the Federal Labor Law, the opening of additional operational areas, and Ps. 4.8 million from the consolidation of the cargo and bonded warehouse business.Jamaican Airports:Operating costs increased by Ps. 87.9 million, or 11.0%, compared to 2Q24, mainly due to a Ps. 33.9 million, or 16.9%, increase in the cost of services, a Ps. 29.7 million, or 7.5%, an increase in concession fees, and a Ps. 27.3 million, or 22.9%, increase in depreciation and amortization, partially offset by a Ps. 2.3 million, or 2.7%, decrease in the cost of improvements to concession assets (IFRIC-12).Operating income margin went from 48.4% in 2Q24 to 42.1% in 2Q25. Excluding the effects of IFRIC-12, the operating income margin went from 55.9% in 2Q24 to 55.8% in 2Q25. Income from operations increased by Ps. 1,067.6 million, or 30.4%, compared to 2Q24.EBITDA margin went from 57.8% in 2Q24 to 50.6% in 2Q25. Excluding the effects of IFRIC-12, EBITDA margin went from 66.8% in 2Q24 to 67.1% in 2Q25. The nominal value of EBITDA increased by Ps. 1,305.2 million, or 31.1%, compared to 2Q24. Financial results increased in expense by Ps. 70.4 million, or 10.6%, from a net expense of Ps. 663.1 million in 2Q24 to Ps. 733.5 million in 2Q25. This change was mainly the result of:Foreign exchange fluctuations, which went from an income of Ps. 80.9 million in 2Q24 to an expense of Ps. 40.3 million in 2Q25, resulting in a foreign exchange loss of Ps. 121.2 million due to the depreciation of the Mexican peso. Additionally, the foreign currency translation effect contributed to a Ps. 1,082.6 million increase in expense compared to 2Q24.Interest expense decreased by Ps. 119.9 million, or 11.6%, compared to 2Q24, mainly due to a decrease in reference rates.Interest income decreased by Ps. 69.3 million, or 24.9%, compared to 2Q24, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates.In 2Q25, net and comprehensive income decreased by Ps. 658.9 million, or 22.8%, compared to 2Q24, mainly due to a Ps. 1,082.6 million increase in foreign currency translation losses versus the same period last year. Income before taxes increased by Ps. 997.2 million, or 35.0%.During 2Q25, net income increased by Ps. 402.4 million, or 17.9%, compared to 2Q24. Income tax for the period increased by Ps. 594.8 million, composed of a Ps. 451.5 million increase in current income tax, and a Ps. 143.3 million decrease in deferred tax benefit, primarily due to lower tax loss carryforwards of Ps. 177.3 million, compared to 2024. This was partially offset by a higher inflation effect, as inflation rose from 0.4% in 2Q24 to 0.9% in 2Q25.Consolidated Results for the Six Months of 2025 (in thousands of pesos): 6M246M25ChangeRevenues Aeronautical services9,523,062 11,762,321 23.5%Non-aeronautical services3,417,140 4,836,535 41.5%Improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Total revenues15,753,991 21,937,180 39.2% Operating costs Costs of services:2,285,769 3,007,237 31.6%Employee costs949,877 1,252,084 31.8%Maintenance342,282 513,733 50.1%Safety, security & insurance382,022 447,723 17.2%Utilities236,008 273,963 16.1%Business operated directly by us146,160 173,968 19.0%Other operating expenses229,420 345,766 50.7% Technical assistance fees426,536 505,580 18.5%Concession taxes1,393,211 1,990,083 42.8%Depreciation and amortization1,350,300 1,857,534 37.6%Cost of improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Other (income)(12,392)(36,145)191.7%Total operating costs8,257,212 12,662,613 53.4%Income from operations7,496,778 9,274,567 23.7%Financial Result(1,256,892)(1,663,035)32.3%Income before income taxes 6,239,887 7,611,532 22.0%Income taxes(1,516,453)(2,098,280)38.4%Net income 4,723,434 5,513,253 16.7%Currency translation effectFull story available on Benzinga.com

2025-07-23

AI Bookkeeping Software (2025): QuickBooks Named Leading AI Bookkeeping Solution in Report by Expert Consumers

NEW YORK, July 22, 2025 /PRNewswire/ -- Expert Consumers has recognized QuickBooks as a leading AI bookkeeping solution in its latest 2025 software review. The report highlights QuickBooks for its integration of artificial intelligence and machine learning technologies that simplify core...

2025-07-23

Manhattan Associates, Inc. (MANH) Q2 2025 Earnings Conference Call Transcript

Manhattan Associates, Inc. (NASDAQ:MANH) Q2 2025 Earnings Call July 22, 2025 4:30 PM ETCompany ParticipantsDennis B.

2025-07-23

Trump Trade Deal With Japan Sends Toyota, Mazda Stock Soaring, Nikkei Rises Sharply

Japan’s benchmark Nikkei 225 rose sharply on Wednesday, after President Donald Trump finalized the long-anticipated trade deal between Washington and Tokyo.As part of the $550 billion deal, Japan will open its markets to American cars, trucks, rice and other agricultural products, while agreeing to a 15% tariff on American imports from the nation. See Also: Chrysler, Jeep Parent Company Stellantis Expects $2.7 Billion Net Loss In First Half Of 2025 As Trump Tariffs Cause UncertaintyBoth the Nikkei and Topix indices are up 3.10% and 2.71%, trading at 41,006.00 and 2,912.98, respectively, led by auto stocks. Mazda Motor Corp. (OTC:MZDAY) leads the way, up 17%, followed by ...Full story available on Benzinga.com

2025-07-23

NEOGEN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Neogen Corporation - NEOG

NEW YORK and NEW ORLEANS, July 22, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 16, 2025 to file lead plaintiff applications in a securities class action lawsuit against Neogen Corporation (NASDAQ:NEOG), if they purchased the Company's shares between January 5, 2023 through June 3, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Michigan.What You May DoIf you purchased shares of Neogen and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-neog/ ...Full story available on Benzinga.com

2025-07-23

Rescuing The Declaration From Left- And Right-Wing Polemics

Rescuing The Declaration From Left- And Right-Wing Polemics Authored by Peter Berkowitz via RealClearPolitics,Progressive left and postliberal right intellectuals converge in teaching scorn for America’s founding principles. Attacking from different angles, both camps employ grossly flawed arguments to justify the repudiation of the U.S. Declaration of Independence’s ringing affirmation 249 years ago of the unalienable rights that human beings share.Captive to the taste for the gaudy and the melodramatic nurtured by American higher education, both camps want to revalue traditional values, change the world rather than understand it, and replace history’s complexities with simplistic grand narratives of good and evil. At the same time, their wild exaggerations, contrived charges, and enthusiastic followings provide an occasion to restate America’s founding principles, recognize their pertinence to the enduring challenges of free and democratic self-government, and rebuild civic education around them.The 1619 Project prominently set forth a version of the progressive left’s signature opinion that systemic racism disfigures America. Published in the summer of 2019 as a special issue of The New York Times Magazine, the collection of essays undertook to correct the record about America’s founding.Led by Nikole Hannah-Jones, who won a Pulitzer Prize for her contribution, 1619 Project essayists argued that the United States was not truly founded in July 1776 when the Declaration of Independence proclaimed, “these United Colonies are, and of Right ought to be Free and Independent States.” Rather, America came into being in 1619 when 20 enslaved Africans arrived in the fledgling British territory of Virginia.Abolished in 1865 by the 13th Amendment, the evil institution of slavery was always a grotesque affront to the equality in unalienable rights affirmed by the Declaration. Nevertheless, according to the 1619 Project, slavery forms the deepest substratum of American existence, has touched every aspect of the United States, and remains the defining fact of the nation’s life. In the 1619 Project’s telling, the Declaration of Independence’s self-evident truths about individual rights and the consent of the governed were always so much window-dressing designed to distract from and thereby perpetuate slavery. Yet it seems lost on 1619 Project producers, distributors, and consumers that despite the resentments and distrust that currently wrack the nation, the United States remains by most any objective measure the freest, most tolerant, and most prosperous multi-religious, multi-racial, and multi-ethnic great power in history.Approaching matters from the opposite side of the political spectrum but with similar vehemence, “Why Liberalism Failed,” a 2017 volume by University of Notre Dame political science professor Patrick Deneen, elaborates the postliberal right’s characteristic view that freedom in America has produced a systemically corrupt and decadent society. The chief villain, according to Deneen, is John Locke. But to convict Locke of subverting Western civilization in general and America in particular, Deneen reduces the 17th-century British thinker, and indeed the entirety of the modern tradition of freedom, to a tendentious reading of a few lines from the opening pages of his 1689 classic, “The Second Treatise of Government.”Locke’s great sin, in Deneen’s account, involves giving authoritative expression to the proposition – central to the Declaration and a cornerstone of American constitutional government – that human beings are by nature free and equal. The proper political expression of this equality in freedom, maintains Locke, consists in liberty under settled laws enacted, enforced, and adjudicated within a constitutional order to which one has consented.Deneen, however, attributes a dark secret teaching to Locke, according to which Lockean freedom entails emancipation from the imperatives of virtue, duty, and nature’s and God’s law. For Deneen, Lockean freedom, and therefore American freedom from the beginning and in its essence, gives rise to an incoherent and inhuman demand for the chimera of absolute freedom. Deneen does not allow his polemic to be sidetracked by such core components of Locke’s thinking as his insistence on the duty to honor God’s authority, his distinction between liberty and license, and his 1693 book, “Some Thoughts Concerning Education,” which deals with the virtues and how parents should foster them.In America’s universities, many students will encounter the progressive left’s and postliberal right’s vilification of America’s founding principles instead of receiving a proper introduction to the case for the Declaration and the Constitution. For such students and indeed for citizens whose instincts, sentiments, and experience tell them that America’s founding principles sustain the nation, Vincent Phillip Muñoz provides an excellent tonic in “The American Revolutions of 1776,” which appears in the summer issue of National Affairs.A professor of political science at the University of Notre Dame (like Deneen), Muñoz tactfully understates matters in observing that “As America’s 250th anniversary approaches, not everyone is eager to celebrate the Declaration of Independence and the political revolution it sparked.” His essay, a version of which will appear in the American Enterprise Institute’s forthcoming volume “Religion and the American Revolution” – part of AEI’s “America at 250” initiative (I contributed to an earlier volume in the series) – briskly lays out three revolutionary achievements of 1776. These achievements deserve our gratitude, warrant celebration, and suffer suppression by or exclusion from university curricula. All three champion unalienable or natural rights and the limited government that secures them.The first revolution of 1776 affirmed that just government is grounded in the consent of the governed. Without questioning God’s authority, the American view broke with the then-prevalent notion that legitimate political authority derives from divine right. And without challenging the classical premise that citizens should govern and be governed in accordance with human nature, America’s founders rejected the classical idea that wisdom or moral virtue provides decisive title to rule.America’s founders held that while human beings are not equal in all respects and not free in all ways, we are born equal in rights and therefore neither masters over nor subordinate to others. Each has equal right to govern himself or herself, but no one has the right to govern another. One crucial exercise of the right to govern oneself consists in consenting to the exercise of political authority. In practice, that means that each has an obligation to obey only those laws – the disagreeable as well as the agreeable – that issue from established constitutional processes to which he or she has consented. Consent can be given expressly, as in the formal ceremonies by which immigrants officially acquire citizenship, or tacitly, as in the manner of the native-born who acquire the obligation to obey the laws through living under them and enjoying their benefits.The second revolution of 1776 taught that government’s primary purpose is to secure natural or unalienable rights. America’s founders parted ways with the traditional view that government’s purpose was to perfect or save souls, but the parting was not driven by indifference or hostility to higher concerns. Rather, the founders proceeded from the conviction that care of the soul was the proper responsibility of individuals, families, and religious institutions.Securing rights did not preclude government from assuming additional responsibilities, provided that they were consistent with the equal rights of all, to advance the common good. “Unlike influential progressive thinkers such as Herbert Croly and political leaders such as Franklin Roosevelt, the founders did not hold that a fundamental purpose of government is to provide directly for the people’s material needs or to ameliorate all unfortunate circumstances,” Muñoz writes. “They instead understood the role of government as securing the conditions, including the economic conditions, that would allow Americans to be responsible – to employ their natural rights to provide for themselves, their families, and those under their care.”The third revolution of 1776 maintained that religious liberty, the right of individuals to worship in accordance with conscience, was an essential right. Far from expressing or implying antipathy to religion, limiting government’s authority over religious belief and practice stemmed from a determination to protect faith. Prohibiting government from establishing religion or impairing its free exercise reflected the belief that true religion could not be dictated by civil law because it was grounded in conscience and choice. Another reason to restrict political control over religion was the distinct tendency of government officials to lack competence in interpreting scripture and managing religious teaching and observance.From the founders’ perspective, moreover, the spirit of liberty and the spirit of religion were not political antagonists but rather political allies. In their view, since human beings are by nature free and equal and endowed with reason, only faith practiced in accordance with conscience could be pleasing to God. And because the numerous Christian denominations at the founding affirmed that every human being is precious in God’s eyes and that power must be divided between church and state, religion in America bolstered the nation’s natural rights principles.These three revolutionary achievements of 1776 – grounding just government in citizens’ consent, focusing government on securing rights, and protecting religious liberty out of respect for faith – deserve to be widely heralded in next year’s celebrations of the Declaration of Independence’s 250th anniversary. And study of their origins, integration into American constitutional government, and implications for today’s challenges should promptly be placed at the center of civic education in America.Peter Berkowitz is the Tad and Dianne Taube senior fellow at the Hoover Institution, Stanford University. From 2019 to 2021, he served as director of the Policy Planning Staff at the U.S. State Department. His writings are posted at PeterBerkowitz.com and he can be followed on X @BerkowitzPeter. Tyler DurdenTue, 07/22/2025 - 22:35

2025-07-23

The most powerful passports of 2025: The US and the UK fall, while India rises

The small nation-state of Singapore again tops Henley Passport Index, followed by Japan and South Korea which are tied for second place.

2025-07-23

Thousands gather to protest as Zelenskyy signs bill weakening anti-corruption agencies

Thousands of Ukrainians have protested in Kyiv and other cities, urging President Zelenskyy to veto a controversial anti-corruption bill

2025-07-23

CNBC Daily Open: Japan markets rally on the country's 15% tariff rate — it's a new era of trade

This is CNBC’s live blog covering European markets.Iberdrola profit slumped in first halfBloomberg | Bloomberg | Getty ImagesThe Equinor ASA offshore oil drilling platform on the Johan Sverdrup oil field in the North Sea off the coast of Norway, on Feb. 13, 2023.More earnings reports are coming in this morning, on what’s set to be a busy day for corporate financial updates.Iberdrola posted a 14% year-on-year decline in first-half net profit to 3.6 billion euros ($4.2 billion).The Spanish electricity utilities giant also launched a 5-billion-euro increase in share capital, saying the move would cover its upcoming investment plan.Equinor‘s adjusted earnings, meanwhile, fell 13% in the second quarter, in line with expectations, as declining oil prices hit the Norwegian energy group.The company also booked a $955 million impairment on a key offshore wind project in the U.S., in light of regulatory changes and tariffs.— Matt Ward-PerkinsStrong defense demand boosts Thales profitNathan Laine | Bloomberg | Getty ImagesAdvertising for Thales SA military products at the Eurosatory Defense and Security expo in Paris, France, on June 18, 2024.French defense contractor Thales raised its full-year sales guidance on Wednesday as it reported stronger-than-expected profit.The company’s adjusted operating profit came in at 1.25 billion euros ($1.47 billion) for the first half of the year, marking a 13% jump from the first six months of 2024.Analysts had been anticipating the figure to hit 1.23 billion euros, according to LSEG data.First-half sales saw year-on-year growth of 8.1% to reach 10.3 billion euros, which Thales attributed largely to “a solid performance” in its aerospace and defense divisions.However, Thales also said on Wednesday that it was still anticipating “a contained direct impact of tariffs” that could be imposed on EU goods by the Trump administration.The company’s guidance, it said, was based on the assumption that 10% reciprocal tariffs would be levied on the EU, with its forecasts excluding any possible retaliatory measures that might be taken by European leaders.— Chloe TaylorUniCredit lifts profit guidance, leaving Banco BPM bid behindEmanuele Cremaschi | Getty Images News | Getty ImagesThe logo of the Italian banking group UniCredit SpA is pictured on July 15, 2025 in Milan, Italy.UniCredit on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome.Italy’s second-largest bank reported a 25% year-on-year hike in net profit to 3.3 billion euros ($3.87 billion) in the second quarter when including one-off items, and 2.9 billion euros without them.Read the full story here. — Ruxandra IordacheHere are the opening callsAlexander Spatari | Moment | Getty ImagesThe City of London financial district at sunrise.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggest a positive open for European indexes, with London’s FTSE 100 seen opening 0.6% higher, France’s CAC 40 up 1.2%, Germany’s DAX up 1%, and Italy’s FTSE MIB 1.2% higher.European stocks declined again Tuesday as investors digested earnings from some of the largest companies on the continent, and weighed the prospect of U.S. trade tariffs that will kick in on Aug. 1 unless a trade deal is reached.Overnight, Asia-Pacific markets traded higher after U.S. President Donald Trump announced that he had completed a “massive Deal” with Japan, with a baseline tariff of 15% set on the country’s exports to the United States. S&P 500 futures were little changed Tuesday evening after the announcement.— Holly EllyattWhat to keep an eye on WednesdayBloomberg | Getty ImagesThe UniCredit SpA headquarters in Milan, Italy, on Jan. 22, 2022.Earnings season is ramping up in Europe, with the latest financial reports coming from Equinor, Randstad, Thales, Lonza, Iberdrola, UniCredit, JD Weatherspoon and Moncler.European data releases include flash consumer confidence figures.— Holly Ellyatt

2025-07-23

Germany's auto giants rally as U.S.-Japan trade deal raises hopes of a tariff breakthrough

Shares of Europe’s auto giants rose on Wednesday morning. Citi economist Katsuhiko Aiba said the U.S.-Japan trade deal could influence the course of talks with other major auto exporters, namely the EU and South Korea.Picture Alliance | Picture Alliance | Getty ImagesVehicles are assembled on a line at the BMW plant in Leipzig.Shares of Europe’s top carmakers rose on Wednesday after the U.S. and Japan’s blockbuster trade agreement raised hopes of a tariff breakthrough for other major exporters.In a post on social media platform Truth Social, Trump described the “massive” trade agreement as “perhaps the largest Deal ever made.”The deal is expected to mean U.S. tariffs on imported Japanese vehicles and parts will fall to 15%, a significant drop from the existing 25% rate that is levied across countries.Japanese Prime Minister Shigeru Ishiba welcomed the trade agreement, saying it marks “the lowest figure among countries that have a trade surplus with the U.S.,” according to Reuters.Germany’s Volkswagen, BMW and Mercedes-Benz Group were all up more than 4% on the news, shortly after European markets opened. Luxury automaker Porsche soared 7.1%.French car parts manufacturer Valeo rose 4%, with Jeep maker Stellantis up around 5.4%.In a speech that followed his Truth Social post, Trump said the U.S. and Japan were concluding an additional deal involving liquified natural gas, adding that “we have Europe coming in tomorrow,” without specifying details.The automotive sector is widely regarded as acutely vulnerable to tariffs, particularly given the high globalization of supply chains and the heavy reliance on manufacturing operations across North America.In Japan, auto exports to the U.S. are pivotal to the health of the world’s fourth-largest economy, accounting for 28.3% of all shipments in 2024, according to customs data.Read moreThese charts show just how hard Trump’s tariffs are hitting Europe’s auto giantsChinese car brands are rapidly making inroads in Europe’s EV utopiaThe race to roll out solid-state batteries is picking up steam againCiti economist Katsuhiko Aiba said Washington and Tokyo’s deal to lower reciprocal and auto tariffs to 15% could influence the course of talks with other major auto exporters.“It is notable that auto tariffs were reduced without any cap on auto exports for a major auto exporting country, which may have implications for negotiations with the EU and South Korea,” Aiba said in a research note.The European Union has long been scrambling to reach a deal with the U.S. to lower auto tariffs.Trump, however, recently sought to ramp up pressure on the 27-naiton bloc by threatening to raise levies on EU imports to the U.S. to 30% from Aug. 1, if no agreement is reached before that time.— CNBC’s Lim Hui Jie contributed to this report.

2025-07-23

AP Business SummaryBrief at 10:24 p.m. EDT

Trump announces trade deal with Japan that lowers threatened tariff to 15%

2025-07-23

Tokyo’s Nikkei leads Asian rally after Japan-US trade deal

Tokyo stocks rallied with the yen Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s tariffs, including those on the crucial car sector. Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will achieve deals [...]The post Tokyo’s Nikkei leads Asian rally after Japan-US trade deal appeared first on Digital Journal.

2025-07-23

Vale's iron-ore output up 4% with record Q2 at key mine

Brazilian miner Vale produced 83.6-million metric tons of iron-ore in the second quarter, up 3.7% from a year earlier, the company reported on Tuesday.In its output and sales report, Vale said the increase was mainly driven by a new second-quarter record at the S11D mining project in northern Brazil, its top iron-ore producer, and "strong performance" at its southeastern Brucutu mine.

2025-07-23

Venus Williams makes history with first pro tennis win in nearly 2 years — at age 45

Venus Williams won her first singles match in nearly two years at the DC Open, becoming the oldest woman to win a WTA tour match since Martina Navratilova in 2004.

2025-07-23

Capital One Financial Corporation 2025 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Capital One Financial Corporation in conjunction with their 2025 Q2 earnings call.

2025-07-23

Fed will look to cut rates Q2 next year due to tariff impact, regardless of who the chair is then

Paul Donovan from UBS Global Wealth Management says Jerome Powell might stay on as a Fed governor after his Chair term ends next year.

2025-07-22

Union Home Mortgage Foundation Announces Second Quarter Grant Recipients

Awardees include 3 nonprofits in Colorado, Georgia, and PennsylvaniaCLEVELAND, July 22, 2025 /PRNewswire/ -- The Union Home Foundation, the charitable arm of Union Home Mortgage whose mission is to equip families with the tools and resources needed to achieve economic self-sufficiency, has announced its grant recipients for the second quarter of 2025. The Foundation awarded grants to 3 nonprofits from across the country, totaling $9,500 for the quarter. In this round of funding, the Foundation provided support to organizations within its operational footprint that are making a tangible impact in their communities through the advancement of financial literacy and housing access."As we celebrate a decade of impact through the Union Home Foundation, we remain committed to empowering families and strengthening communities," said Bill Cosgrove, CEO of Union Home Mortgage. "We're proud to support these outstanding organizations and look forward to deepening our partnerships in 2025 and beyond.""This quarter's grantees are doing incredible work to expand access to housing and financial education," said Ashley Ali, Director of Corporate Communications. "Their missions align closely with ours, and we're honored to play a role in helping them create lasting change in the communities we serve."Since being established in 2015, the Foundation has distributed more than $2 million in ...Full story available on Benzinga.com

2025-07-22

US Treasury chief says no reason for Fed chair to step down

US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed. Bessent’s comments in a Fox Business interview come as Powell faces growing pressure from Donald Trump’s administration to slash interest rates, [...]The post US Treasury chief says no reason for Fed chair to step down appeared first on Digital Journal.

2025-07-22

VanEck Morningstar International Moat ETF (BATS:MOTI) Shares Sold by Kathleen S. Wright Associates Inc.

Kathleen S. Wright Associates Inc. lowered its holdings in VanEck Morningstar International Moat ETF (BATS:MOTI – Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,770 shares of the company’s stock after selling 3,001 shares during the period. [...]

2025-07-22

TEGNA Inc. (NYSE:TGNA) Shares Purchased by Guidance Capital Inc.

Guidance Capital Inc. grew its position in shares of TEGNA Inc. (NYSE:TGNA – Free Report) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 30,243 shares of the company’s stock after purchasing an additional 4,115 shares during the quarter. Guidance Capital Inc.’s holdings [...]

2025-07-22

Kathleen S. Wright Associates Inc. Has $2.11 Million Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Kathleen S. Wright Associates Inc. reduced its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) by 3.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 41,422 shares of the company’s stock after selling 1,380 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for 0.8% of Kathleen S. Wright Associates [...]

2025-07-22

Guidance Capital Inc. Buys 680 Shares of Vanguard Total International Bond ETF (NASDAQ:BNDX)

Guidance Capital Inc. boosted its stake in shares of Vanguard Total International Bond ETF (NASDAQ:BNDX – Free Report) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,885 shares of the company’s stock after buying an additional 680 shares during the quarter. Guidance [...]

2025-07-22

Kathleen S. Wright Associates Inc. Has $1.74 Million Stake in Vanguard S&P Small-Cap 600 ETF (NYSEARCA:VIOO)

Kathleen S. Wright Associates Inc. reduced its stake in Vanguard S&P Small-Cap 600 ETF (NYSEARCA:VIOO – Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,999 shares of the company’s stock after selling 164 shares during the period. Kathleen S. [...]

2025-07-22

Kathleen S. Wright Associates Inc. Has $1.15 Million Stock Holdings in Johnson & Johnson (NYSE:JNJ)

Kathleen S. Wright Associates Inc. decreased its position in Johnson & Johnson (NYSE:JNJ – Free Report) by 21.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,273 shares of the company’s stock after selling 1,944 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Johnson & Johnson were worth $1,152,000 as of [...]

2025-07-22

Kathleen S. Wright Associates Inc. Has $3.03 Million Position in Dimensional U.S. Equity ETF (NYSEARCA:DFUS)

Kathleen S. Wright Associates Inc. raised its position in shares of Dimensional U.S. Equity ETF (NYSEARCA:DFUS – Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,061 shares of the company’s stock after purchasing an additional 1,516 [...]

2025-07-22

Flynn Zito Capital Management LLC Increases Stock Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Flynn Zito Capital Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Free Report) by 19.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,335 shares of the company’s stock after acquiring an additional 7,977 [...]

2025-07-22

Progyny, Inc. (NASDAQ:PGNY) Shares Purchased by Guidance Capital Inc.

Guidance Capital Inc. boosted its position in shares of Progyny, Inc. (NASDAQ:PGNY – Free Report) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,018 shares of the company’s stock after purchasing an additional 3,017 shares during the quarter. Guidance [...]

2025-07-22

Kathleen S. Wright Associates Inc. Sells 889 Shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR)

Kathleen S. Wright Associates Inc. lowered its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,050 shares of the company’s stock after selling [...]

2025-07-22

Kathleen S. Wright Associates Inc. Has $4.01 Million Stake in Vanguard Small-Cap Value ETF (NYSEARCA:VBR)

Kathleen S. Wright Associates Inc. trimmed its position in shares of Vanguard Small-Cap Value ETF (NYSEARCA:VBR – Free Report) by 4.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,518 shares of the company’s stock after selling 964 shares during the quarter. Vanguard Small-Cap [...]

2025-07-22

Kathleen S. Wright Associates Inc. Sells 1,944 Shares of Johnson & Johnson (NYSE:JNJ)

Kathleen S. Wright Associates Inc. trimmed its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,273 shares of the company’s stock after selling 1,944 shares during [...]

2025-07-22

Analog Devices (NASDAQ:ADI) Upgraded to “Hold” at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Analog Devices (NASDAQ:ADI – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports. A number of other equities research analysts also recently commented on the company. Piper Sandler dropped their price objective on Analog Devices from [...]

2025-07-22

Gladstone Land Corporation (NASDAQ:LAND) Announces Dividend of $0.05

Gladstone Land Corporation (NASDAQ:LAND – Get Free Report) announced a dividend on Monday, July 21st, investing.com reports. Stockholders of record on Tuesday, July 22nd will be given a dividend of 0.0467 per share by the real estate investment trust on Thursday, July 31st. This represents a dividend yield of 5.44%. The ex-dividend date is Monday, [...]

2025-07-22

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) is Oakwell Private Wealth Management LLC’s 10th Largest Position

Oakwell Private Wealth Management LLC increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH – Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,472 shares of the company’s stock after buying an additional [...]

2025-07-22

Postal Realty Trust, Inc. to Issue Quarterly Dividend of $0.24 (NYSE:PSTL)

Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) declared a quarterly dividend on Monday, July 21st, RTT News reports. Investors of record on Thursday, July 31st will be paid a dividend of 0.2425 per share on Friday, August 29th. This represents a $0.97 annualized dividend and a dividend yield of 6.56%. Postal Realty Trust [...]

2025-07-22

Kathleen S. Wright Associates Inc. Sells 718 Shares of Vanguard FTSE All-World ex-US Small-Cap ETF (NYSEARCA:VSS)

Kathleen S. Wright Associates Inc. cut its holdings in Vanguard FTSE All-World ex-US Small-Cap ETF (NYSEARCA:VSS – Free Report) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,125 shares of the company’s stock after selling 718 [...]

2025-07-22

SiriusPoint (NYSE:SPNT) Stock Rating Upgraded by B. Riley

B. Riley upgraded shares of SiriusPoint (NYSE:SPNT – Free Report) to a strong-buy rating in a research note released on Sunday morning,Zacks.com reports. A number of other equities research analysts also recently issued reports on the stock. Oppenheimer set a $25.00 price target on shares of SiriusPoint and gave the company an “outperform” rating in [...]

2025-07-22

Denver Mayor Mike Johnston calls for “learned hopefulness” on homelessness, housing, other challenges

Mayor Mike Johnston urged Denverites to embrace a "learned hopefulness" as an antidote to the challenges Colorado's largest city faces, including housing affordability and downtown vacancies.

2025-07-22

Bethel Appoints Dean for New Unified Business School

Tom Brown has been named the new dean of the College of Business and Technology at Bethel University in Arden Hills. Brown’s appointment marks a step in Bethel’s academic reorganization, as the university launches a new, unified school of business. The school will bring together Bethel’s business and communications studies programs under one roof, designed

2025-07-22

Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz

Ark Invest, led by Cathie Wood, made significant trades on Monday. Notably, the firm increased its stake in Bitmine Immersion Technologies Inc. (NYSE:BMNR) and Advanced Micro Devices Inc. (NASDAQ:AMD) while reducing its holdings in Coinbase Global Inc. (NASDAQ:COIN) and Block Inc. (NYSE:XYZ). These trades reflect Ark’s strategic adjustments amid evolving market conditions.The Bitmine Immersion Trade: Ark Invest made a substantial investment in Bitmine Immersion through Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). This move comes after Bitmine’s Ethereum (CRYPTO: ETH) holdings surpassed $1 billion recently, following a $250 million private placement. Ark’s acquisition of over 4.4 million shares highlights its confidence in Bitmine’s strategic pivot to an Ethereum treasury strategy. The total value of this purchase amounts to approximately $174.9 million, based on the latest closing price of $39.57. In the last 30 days, ...Full story available on Benzinga.com

2025-07-22

Visa: Consumer Trends Remain Solid Heading Into The Q3 Report

Visa's recent earnings beat, robust guidance, and continued EPS growth outlook support its premium valuation. Read why I reiterate my buy rating on V stock.

2025-07-22

FDA Approved Moderna COVID Shot For Kids Behind Kennedy's Back - Two HHS Aides Fired

FDA Approved Moderna COVID Shot For Kids Behind Kennedy's Back - Two HHS Aides Fired Authored by Jon Fleetwood via JonFleetwood.com,The U.S. Food and Drug Administration (FDA) quietly granted full approval to Moderna’s mRNA COVID-19 injection for children while Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. was on vacation - and without his knowledge or consent.As head of the department overseeing the FDA, Kennedy should have been directly informed of any decision involving pediatric mRNA shots—especially one as politically and medically sensitive as full approval for children as young as six months.On July 10, Moderna, Inc. announced the FDA approved the supplemental Biologics License Application (sBLA) for Spikevax®, the Company’s COVID shot, in “children 6 months through 11 years of age who are at increased risk for COVID-19 disease.”The approval was made despite Moderna’s own scientists’ admission that there are “unacceptable toxicity” levels in mRNA vaccines, and that “lipid nanoparticle structural components, production methods, route of administration and proteins produced from complexed mRNAs all present toxicity concerns.”It was also made without Secretary Kennedy’s knowledge.According to multiple sources, neither Kennedy nor his Deputy Chief of Staff Stefanie Spears were briefed or consulted ahead of the decision, raising alarm over internal operations at one of the nation’s most powerful health agencies.Only July 16, White House correspondent and media host Emerald Robinson reported on Twitter/X that FDA Commissioner Dr. Marty Makary “did not inform @RobertKennedyJr (who was on vacation) or his office that FDA was going to approve the mRNA shots for children,” citing sources familiar with the matter.On July 17, CNN reported that Secretary Kennedy had fired two of his top aides “in an abrupt shakeup of the leadership at the nation’s sprawling health department,” also citing unnamed sources.“Kennedy’s chief of staff, Heather Flick Melanson, and deputy chief of staff for policy Hannah Anderson left HHS after only a handful of months on the job, following internal clashes that culminated in both of their removals this week,” the report explained.The CNN article didn’t connect the firings to the FDA’s decision to approve Moderna’s jab for kids.However, the MAHA PAC (Make America Healthy Again Political Action Committee)—a pro-Trump super PAC founded by RFK Jr.’s former staff to promote his health-focused agenda—corroborated Robinson’s account and connected the firings to the FDA’s Moderna decision.On July 20, MAHA PAC cited Dr. Robert Malone—now serving on the newly restructured ACIP vaccine panel—as confirming that neither Kennedy nor Spears were informed of the FDA’s decision regarding Moderna and that a major HHS leadership purge unfolded upon their return.“The unfortunate facts are that this decision... was made public when both the Secretary of HHS and his trusted deputy Chief of Staff Stefanie Spears were on vacation,” said Dr. Malone, citing insider knowledge. “Neither Sec. HHS nor his deputy Chief of Staff (dCOS) were briefed or read in on this decision.”The move apparently set off a chain reaction.According to Malone, shortly after Kennedy and Spears returned, “a major reorganization of HHS leadership occurred.”Anderson was “walked off the premises and was so upset that she crashed her car into the Secretary’s government-provided vehicle.”Melanson, a veteran of the Trump-era HHS, claimed she resigned voluntarily.CNN sources say otherwise, alleging she was fired after Kennedy lost confidence in her leadership following the dismissal of Anderson.A spokesperson for HHS said that Matt Buckham, the department’s White House liaison, will serve as acting Chief of Staff.The FDA’s end-run around Kennedy not only signals potential deeper insubordination within HHS, but also highlights a promising shift under his leadership—one where incompetence, secrecy, and disloyalty are no longer tolerated, and where restoring integrity, transparency, and public trust could be the new standard.Follow us on Instagram @realjonfleetwood & Twitter/X @JonMFleetwood. Tyler DurdenMon, 07/21/2025 - 22:35

2025-07-22

CNBC Daily Open: Investors look away from the Trump administration's call to relook the Fed

Scott Bessent calls for a review of the Federal Reserve. The S&P 500 closed above 6,300 for the first time. Figma IPO could value it as much as $16.4 billion. Trump Media has built a roughly $2 billion bitcoin hoard. European defense bull run may cool off, fund manager says.With the job market currently being rough for many — in no small part because of artificial intelligence — it may be tempting to enroll in graduate school in the hopes of securing a better job eventually.Don’t do it. That is, if you have dreams of working at America’s central bank.U.S. Secretary of Treasury Scott Bessent on Monday questioned the Federal Reserve’s decision not to lower interest rates this year so far, given that the U.S. has “seen very little, if any, inflation.”“I think this idea of them not being able to break out of a certain mindset,” Bessent said, referring to Fed officials. “All these Ph.D.s over there, I don’t know what they do.”The headline number for June’s consumer price index was the highest since February.While navigating the job market has been a challenge regardless of qualifications, the stock market seems to be on a smooth path upward regardless of challenges.The S&P 500 broke the 6,300 closing level for the first time on Monday. That’s despite the Trump administration’s beef with the Fed and its use of heavy tariffs as a bargaining tool.Under those circumstances, an investor doesn’t need a Ph.D. to know that volatility in markets could lie ahead despite the positive sentiment today.What you need to know todayScott Bessent calls for a review of the Federal Reserve. In an interview with CNBC on Monday, the U.S. Treasury Secretary suggested that the government needs to examine the “entire” Fed. Bessent also said the Aug. 1 tariffs will help the U.S. reach “better agreements” with its trade partners.The S&P 500 closed above 6,300 for the first time. Boosted by advances in Meta and Amazon shares, the Nasdaq Composite notched a record closing high on Monday as well. Asia-Pacific markets traded mixed Tuesday.Figma IPO could value it as much as $16.4 billion. The design software company published on Monday an updated prospectus, which stated that Figma expects to sell about 37 million shares at $25 to $28 each. Trump Media has built a roughly $2 billion bitcoin hoard. Those holdings now account for about two-thirds of Trump Media’s total liquid assets, signaling U.S. President Donald Trump’s pivot to cryptocurrency as a source of wealth while in office. [PRO] European defense bull run may cool off. A fund manager who oversees assets worth close to $2 billion told CNBC that the valuations of the defense sector in Europe have hit “extreme” levels.And finally...Chesnot | Getty Images News | Getty ImagesA Wallbox EV charger for electric car is displayed during the “Mondial de l’Auto” at Parc des Expositions on October 15, 2024 in Paris, France.The race to roll out solid-state batteries is picking up steam againOften touted as the “holy grail” of sustainable driving, solid-state batteries are thought to offer significantly higher energy density than conventional lithium-ion ones. But they have long been stuck between theory and the promise of commercialization in the next five to 10 years.A recent flurry of announcements from major automakers and incumbent cell producers appears to have renewed optimism.— Sam Meredith

2025-07-22

Kate Spade Outlet shoppers love this 'sleek and stylish' $499 tote bag that's on sale for only $155

"This bag is perfect for work! It can fit my folders and my laptop."

2025-07-22

Tesla’s retro-futuristic diner officially opens as Elon Musk hints at more locations - TechCrunch

Tesla’s retro-futuristic diner officially opens as Elon Musk hints at more locations TechCrunchView Full Coverage on Google News

2025-07-22

Agilysys, Inc. (AGYS) Q1 2026 Earnings Call Transcript

Agilysys, Inc. (NASDAQ:AGYS) Q1 2026 Earnings Conference Call July 21, 2025 4:30 PM ETCompany ParticipantsJessica Hennessy - Senior Manager of Corporate...

2025-07-22

China's affluent are as pessimistic about the economy as they were during the Covid-19 pandemic

A study of affluent Chinese by Oliver Wyman found 22% were negative about the economy. It just exceeds the 21% seen in October 2022. Young people recorded the greatest drop in sentiment in May this year from April 2024. But many affluent Chinese are more keen to travel overseas than they were just before the pandemic.BEIJING — China’s affluent are feeling just as poorly about the economy as they did during the pandemic.That’s according to a study of affluent Chinese released this month by consulting firm Oliver Wyman, which found 22% of respondents were negative about the economy when surveyed in May. It just exceeds the 21% seen in October 2022, just before Beijing announced plans to ease its stringent zero-Covid policy.When asked about the five-year horizon, respondents were far less upbeat than they were back in 2022.“That to us is a fundamental shift in mindset,” Imke Wouters, partner at Oliver Wyman, told CNBC. “If you think, ‘I’m not having a good financial situation now,’ your spending, saving patterns will be very different.”“The longer this [drags] on, the more negative they become about the long term future and the more cautious they come on spending,” Wouters said.These findings come as China recorded a slowdown in retail sales growth, and persistent deflationary pressure as businesses slash prices to compete. Sliding prices in property, which accounts for the majority of household wealth, have also weighed on sentiment.Oliver Wyman’s research was conducted from May 16 to 27. The firm has conducted similar surveys over the last three years. The latest study covered 2,000 households with a monthly income of over 30,000 yuan ($4,180).That’s a fraction of consumers in China, where the per capita disposable income in urban areas for all of last year was 54,188 yuan. That’s far less than the $64,474 reported for the U.S. as of December.Young people the most pessimisticYoung people (aged 18 to 28) in the affluent income bracket who live in China’s largest cities were the most pessimistic of the four age categories, recording the greatest drop in sentiment in May this year from April 2024, the survey showed.The unemployment rate for those aged 16 to 24 has remained in the mid-teens despite the overall jobless rate remaining far lower at around 5%.Survey respondents aged 29 to 44 were the most optimistic, especially when it comes to their five-year outlook.In China, most of the wealth sits with millennials and Gen X, Wouters said, referring to those broadly between the ages of 30 and 60. She attributed their relative optimism to higher levels of accumulated wealth and job stability, as well as the sense that the “good old days” might return — a perspective she suggested might come with age.China’s official consumer confidence index has remained depressed since hitting a record low of 85 in November 2022, when China restricted movement in an effort to prevent Covid-19 outbreaks. The latest print was 88 as of May, according to the latest available data from the National Bureau of Statistics, accessed via Wind Information.People in China have become significantly discouraged by perceived “unequal opportunity,” which in 2023 became the No. 1 reason respondents believe people are poor, jumping from No. 6 nearly two decades ago. That’s according to the latest survey conducted in 2023 by a team of researchers led by Martin King Whyte of Harvard University and Scott Rozelle of Stanford University, who have been monitoring the shifts since 2004.The survey found that across all income brackets, more respondents thought their families’ economic situation had declined in 2023 compared with previous years.International travel is recoveringBut despite their negative sentiment on the economy, many affluent Chinese are more keen to travel internationally than they were just before the pandemic.Rather than spending on a luxury product, for example, they would rather “spend on something that can make [them feel] better now,” Wouters said.“You just want to enjoy the moment,” she said.Oliver Wyman predicts the share of affluent Chinese traveling internationally this year will reach 37%, above the 32% level seen in 2019, before the pandemic. So far, 27% of respondents have already traveled abroad, with 10% more expected to make a trip later this year.Still, affluent Chinese aren’t necessarily traveling back to pre-pandemic hot spots such as the United States, the report said, noting that they are sticking closer to home instead. Chinese travel to Malaysia and Japan has already made a full recovery to 2019 levels, Oliver Wyman’s analysis showed.

2025-07-22

Bird and Segway Partner to Launch Next-Gen Shared Micromobility Fleet Across North America

Industry Leaders Unite to Deliver Smarter, Safer, and More Sustainable Urban RidesBEIJING, July 21, 2025 /PRNewswire/ -- Bird, a pioneer in shared micromobility, and Segway, a global leader in electric vehicle innovation, announced a strategic alliance to roll out advanced new electric scooters and e-bikes across key North American markets. This next-generation fleet combines Segway's engineering excellence with Bird's operational expertise to set new standards for performance, safety, and sustainability in urban transportation. The partnership ...Full story available on Benzinga.com

2025-07-22

Ex-Trump Advisor Judy Shelton Slams Federal Reserve's $900 Billion Losses, Says 'Violates The Norms' To Have A Fed Chair Who Can't Be Fired

Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday.What Happened: Aligning herself with the former Fed Governor Kevin Warsh's call for “monetary regime change,” Shelton called for a structural overhaul, while questioning the very notion of central bank independence.Shelton argued that the challenges facing the Fed go far beyond short-term rate decisions, pointing to systemic issues within the institution itself. “We’re really looking at much deeper problems at the Federal Reserve, its models, its constructs, the way the Federal Reserve staff choreographs the meeting,” she said.See Also: Trump Says He Doesn’t Need Scott Bessent’s Advice To Fire Jerome Powell: ‘I Know Better Than Anybody What’s Good For The Market’She further ...Full story available on Benzinga.com

2025-07-22

Hanwha Philly Shipyard Lands First U.S. LNG Carrier Order in Decades From Hanwha Affiliate

Hanwha Shipping, a unit of South Korean conglomerate Hanwha Group, announced today it has ordered a liquefied natural gas (LNG) carrier from Hanwha Philly Shipyard, marking the first U.S.-ordered, export-market-viable...