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Drug, semiconductors tariffs to be separate, White House says amid Japan deal
WASHINGTON, July 23 (Reuters) - Japan won't be treated worse than other U.S. trading partners when it comes to tariffs on medicines and semiconductor chips, a White House official said on Wednesday after their announced trade deal, adding that those rates will be negotiated separately.
Wed, Jul 23
Wall Street poised for higher open as US-Japan trade deal lifts sentiment
Futures up: Dow 0.52%, S&P 500 0.35%, Nasdaq 0.08% Tariffs on Japanese autos cut to 15% from 27.5%AT&T beats quarterly profit estimates, but shares slipTexas Instruments slumps as tariff uncertainty hits demandBy Nikhil Sharma and Pranav Kashyap July 23 (Reuters) - Wall Street was poised ...
Wed, Jul 23
Trump again calls for Fed board to act, says Powell 'doesn't get it'
July 23 (Reuters) - U.S. President Donald Trump on Wednesday reiterated his criticism of Federal Reserve Chairman Jerome Powell amid his ongoing call for lower rates, and called on the central bank's board to act."Our Rate should be three points lower than they are, saving us $1 Trillion per...
Wed, Jul 23
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[Reuters Analysis] Foreign demand for US Treasuries holds off bond vigilantes: McGeever
By Jamie McGeeverORLANDO, Florida, July 23 (Reuters) - So much for the bond vigilantes.The U.S. bond market has been remarkably calm lately, despite fears that inflation, tariffs, eroding Fed independence, and Washington's ballooning debt load will push up Treasury yields. What explains the resi...
Wed, Jul 23
Intel's chip contracting plan in spotlight on earnings day
By Arsheeya Bajwa July 23 (Reuters) - Faced with slumping quarterly sales and a burgeoning loss, Intel INTC.O shareholders will want to know new CEO Lip Bu-Tan's plans for the chipmaker's nascent contract manufacturing business. Intel is set to report its sixth consecutive net loss on Thu...
Wed, Jul 23
Japan's PM Ishiba denies he has decided to quit
By Tim Kelly, Satoshi Sugiyama and Leika KiharaTOKYO, July 23 (Reuters) - Japanese Prime Minister Shigeru Ishiba denied on Wednesday he had decided to quit after a source and media reports said he planned to announce his resignation to take responsibility for a bruising upper house election defeat.A...
Wed, Jul 23
Trump pulls US out of UN cultural agency UNESCO for second time
UNESCO boss says decision regrettable but expectedWhite House says UNESCO supports 'woke' causesIsrael welcomes US decision to pull outBy John Irish and Doina Chiacu PARIS/WASHINGTON, July 22 (Reuters) - President Donald Trump has decided to pull the United States out of the "woke"...
Wed, Jul 23
BOJ sees trade deal as raising chance of meeting inflation goal
BOJ to keep raising rates if economy improves, Uchida saysJapan-US trade deal reduces economic uncertaintyInflation overshooting expectations, may broadenBOJ to meet July 30-31, issue quarterly outlook reportBy Leika Kihara KOCHI, Japan, July 23 (Reuters) - Japan's trade deal with the U.S...
Wed, Jul 23
Dollar holds losses after Trump announces Japan trade deal, yen wobbles
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeYen wavers as investors weigh Ishiba resignation, trade dealJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar s...
Wed, Jul 23
Trump strikes trade deal with Japan to cut tariffs
Deal includes $550 billion Japanese investment packageTariffs on Japanese goods cut to 15% from 25%Japanese stocks jump, yen strengthens vs dollarBy Trevor Hunnicutt, Jasper Ward and Mariko Katsumura WASHINGTON/TOKYO, July 22 (Reuters) - The United States and Japan struck a deal to lower the heft...
Wed, Jul 23
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Japan stocks jump, bonds slide after Trump says trade deal reached
TOKYO, July 23 (Reuters) - Japanese automaker shares led the Nikkei share average higher on Wednesday, while bonds slid after U.S. President Donald Trump said he had reached a trade deal with Tokyo.The Nikkei .N225 leapt 2% in early trading, with the Tokyo Stock Exchange's transport equipment...
Wed, Jul 23
Enphase Energy forecasts third-quarter revenue below estimates, shares fall
July 22 (Reuters) - Enphase Energy ENPH.O forecast third-quarter revenue below Wall Street estimates on Tuesday and said President Donald Trump's import tariffs had impacted its gross margin, sending the solar inverter maker's shares down more than 7% after hours.
Wed, Jul 23
Dollar holds losses against yen after Trump announces Japan trade deal
TOKYO, July 23 (Reuters) - The dollar held losses against the yen on Wednesday after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline.Trump said the agreement will result in Japan investing $550 billion into the United States and a tariff rate of...
Wed, Jul 23
US, China to discuss tariff deadline extension as Trump reaches Philippines deal
Bessent to discuss extending August 12 tariff deadline with China Focus on shifting China's economy to consumption from manufacturingBessent sees support for 100% tariffs on countries buying Russian oil, including ChinaBy David Lawder, Susan Heavey and Andrea Shalal WASHINGTON, July 22 (Reute...
Tue, Jul 22
Texas Instruments falls after forecasting Q3 profit below estimates
** Shares of chipmaker Texas Instruments TXN.O fall 10% to $193.33 after the bell** TXN expects Q3 EPS between $1.36 and $1.60, with midpoint coming below estimates of $1.49, according to LSEG** Sees Q3 revenue between $4.45 billion and $4.80 billion vs estimate of $4.59 billion** Company says its ...
Tue, Jul 22
EQT Corp beats second-quarter profit estimates
July 22 (Reuters) - U.S.-based energy company EQT Corp EQT.N beat Wall Street estimates for second-quarter adjusted profit on Tuesday, benefiting from higher natural gas prices and sales volumes.The company reported adjusted profit of 45 cents per share for the quarter ended June 30, above analysts&...
Tue, Jul 22
Oil and gas producer Range Resources Q2 adjusted EPS beats estimates
OverviewRange Resources Q2 2025 adjusted EPS beats analyst expectations, per LSEG dataAdjusted net income of $158 mln missed analyst estimates, per LSEG dataCompany repurchased $53 mln of shares, reduced net debt to $1.2 blnOutlookCo expects 2025 capital spending of $650 mln to $680 mln vs prior gui
Tue, Jul 22
CoStar raises annual revenue forecast as net bookings climb
July 22 (Reuters) - Real estate information provider CoStar Group CSGP.O raised its annual revenue forecast on Tuesday, aided by increased net new bookings and consumer traffic on its Homes.com website.
Tue, Jul 22
Coca-Cola plans cane-sugar Coke as higher prices boost profits
Plans to launch Coke with cane sugar in U.S. this yearCoca-Cola Zero Sugar sales jump 14% globallyPrices rise 6% in second quarter, case volumes slip 1%N American volumes hurt by economic pressure on lower-income buyersBy Juveria Tabassum July 22 (Reuters) - Coca-Cola's KO.N quarterly estimat...
Tue, Jul 22
Trump says Fed's Powell will be out in 8 months, calls him a 'numbskull'
Trump says Powell should deliver lower ratesEconomists say political influence over monetary policy never ends wellGoldman Sachs notes rising risk to Fed independence, inflation expectations increaseBy Trevor Hunnicutt and Andrea Shalal WASHINGTON, July 22 (Reuters) - U.S. Federal Reserve Cha...
Tue, Jul 22
