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ADM Q2 profit falls to 5-year low amid trade turmoil
Trade turmoil and biofuel policy uncertainty impact ADM profitsADM braces for impact from US tariffs and trade retaliationADM's 2025 earnings forecast lowered to $4.00 per shareADM says corn sweetener orders not impacted by sugar-based CokeBy Karl Plume and Katha Kalia Aug 5 (Reuters) - Arch...Reuters
Tue, Aug 5
Pfizer raises 2025 profit forecast as cost-cutting program gains traction
Quarterly sales, profit come in above Wall Street estimatesNew profit forecast includes one-time deal charge, some tariff costsSales of COVID products surpass analysts' expectationsBy Bhanvi Satija and Michael Erman Aug 5 (Reuters) - Pfizer PFE.N said its full-year profit should benefit from ...Reuters
Tue, Aug 5
Caterpillar warns of $1.5 billion hit as tariffs to hurt profit more in second half
Flags tariff hit of $400 million to $500 million in Q3Quarterly N.American, Asia-Pacific sales fall 2% from year agoSees FY sales, revenue slightly higher vs. prior expectations By Nathan Gomes Aug 5 (Reuters) - Caterpillar CAT.N warned on Tuesday U.S. tariffs would pose significant challenges in...Reuters
Tue, Aug 5
Taco Bell parent Yum Brands misses estimates as spending slows, costs rise
Yum Brands' global same-store sales up 2%, below 2.37% growth estimateTaco Bell's US sales growth slows to 4% from 5% a year agoShares fall 4% after second-quarter missBy Anuja Bharat Mistry Aug 5 (Reuters) - Yum Brands YUM.N missed analysts' estimates for the second quarter on Tuesda...Reuters
Tue, Aug 5
Can U.S. Stocks Keep Rising? Wall Street Voices Growing Divergence
TradingKey - After the S&P 500 Index hit a record high of 6,329, several major Wall Street banks have issued stark warnings. Morgan Stanley, Deutsche Bank, and Evercore ISI all cautioned this week that market valuations have entered overheated territoryTradingKey
Tue, Aug 5
Trump says he will meet China's Xi if a trade deal is struck
WASHINGTON, Aug 5 (Reuters) - President Donald Trump said on Tuesday the U.S. was close to a trade deal with China and that he would meet his Chinese counterpart Xi Jinping before the end of the year if an agreement is struck. "He asked for a meeting, and I'll end up having a meeting before ...Reuters
Tue, Aug 5
Trump Criticizes Powell, Eyes Tariff Hikes on India and Plans Drug and Chip Tariffs
TradingKey - On Tuesday, President Donald Trump, speaking on CNBC's "Squawk Box," renewed his criticism of Federal Reserve Chairman Jerome Powell for delaying interest rate cuts. He mentioned that he has narrowed down the list of potential future Fed chair candidates to four, excluding Treasury SecrTradingKey
Tue, Aug 5
HSBC raises S&P 500 year-end target to 6400 on AI boom, easing policy uncertainty
Aug 5 (Reuters) - HSBC on Tuesday raised its year-end S&P 500 .SPX index target by more than 800 points to 6400, citing euphoria around artificial intelligence and easing U.S. policy uncertainty."The AI trade is powering the tech/AI cohort higher (roughly half of the S&P 500) while reduc...Reuters
Tue, Aug 5
Gold Price Forecast: XAU/USD extends reversal from $3,385, bears eye $3,345 support
Gold (XAU/USD) is accelerating its reversal from two-week highs at $3,385 on Tuesday. A moderate rebound in US Treasury yields and a somewhat firmer USD are weighing on the precious metal as the markets shift their focus away from Friday’s poor employment report.
Fxstreet
Tue, Aug 5
Intel struggles with key manufacturing process for next PC chip, sources say
Intel's 18A yield for Panther Lake chips has remained lowTimeline and newer tech risk failure, likened to 'Hail Mary' effortIntel's CFO optimistic about improvement by year-endBy Jeffrey Dastin and Max A. Cherney
Reuters
Tue, Aug 5
Are Stablecoins Cash or Just Hype? SEC Issues Interim Accounting Guidance
On August 5, the U.S. Securities and Exchange Commission (SEC) released interim accounting guidance that allows qualifying USD-pegged stablecoins to be treated as cash equivalents on corporate balance sheets.
TradingKey
Tue, Aug 5
BP Beats Q2 Expectations as CEO Highlights Major Oil Exploration Success
TradingKey – British Petroleum (BP) reported second-quarter 2025 results on Tuesday, delivering robust performance despite lower oil prices compared to the prior period. During the quarter, BP’s underlying replacement cost profit reached $2.4 billion, significantly exceeding the $1.81 billion...
TradingKey
Tue, Aug 5
Billionaire Buys Over 5,000 Yuga Labs NFTs — Value Play or Catching a Falling Knife?
U.S. billionaire Adam Weitsman has made headlines with his acquisition of more than 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, in what he describes as a long-term investment in the Otherside metaverse.
TradingKey
Tue, Aug 5
“King of Knockoff Weight-Loss Drugs” Still Struggling — Hims & Hers Misses Revenue, Stock Drops 12% After Hours
TradingKey - Despite a 73% year-on-year revenue increase in Q2 2025 that highlights the growth potential of the digital health sector, Hims & Hers (HIMS), a high-profile player in the AI-driven telehealth space, continues to face mounting legal and operational challenges. The negative impact on its
TradingKey
Tue, Aug 5
ISM Services PMI Preview: US services sector expected to expand in July
On Tuesday, the Institute for Supply Management (ISM) will unveil its July Services PMI, and analysts expect it to edge up to 51.5 from June’s 50.8. That would mark a second straight month of growth in the services sector — a sign of its resilience and a boost to confidence in the wider US economy.Fxstreet
Tue, Aug 5
2 Soaring Growth Stocks That Could Climb Another 15% to 20%, According to Wall Street Analysts
Key PointsO'Reilly Automotive and Genius Sports are two high-flying stocks that bucked the trend when the overall market tumbled recently.Wall Street analysts expect further gains from O'Reilly Automotive in the year ahead.Genius Sports shares are way up this year, but an analyst's price target suggThe Motley Fool
Tue, Aug 5
Hims Shares Drop After Quarterly Sales Miss Wall Street’s Estimates
Hims & Hers Health Inc.’s shares dropped in premarket trading on Tuesday after the telehealth company missed second-quarter revenue estimates.The San Francisco-based company recorded sales of $545 million for the three months ended June 30, according to a statementTiger News
Tue, Aug 5
