News
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Puma expects a loss this year due to falling sales, US tariffs
July 24 (Reuters) - German sportswear brand Puma PUMG.DE expects to make a loss this year, it said on Thursday, slashing its financial outlook due to weaker sales and an expected hit to gross profit from the impact of U.S. tariffs.Reuters
Fri, Jul 25
Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps
Intel's workforce to shrink by 22% by year endCEO Tan focuses on disciplined investments, factory construction slowdownIntel forecasts steeper Q3 losses despite higher sales expectations Intel's strategic missteps led to lag in AI chip industryBy Arsheeya Bajwa, Stephen Nellis and Max A. C...Reuters
Fri, Jul 25
Intel Corp reports results for the quarter ended June 30 - Earnings Summary
Intel Corp INTC.OQ reported a quarterly adjusted loss of 10 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of thirty five analysts for the quarter was for earnings of one cent per share. Wall Str
Reuters
Thu, Jul 24
EU-China trade talks ended in Beijing with both sides acknowledging serious tensions over trade
Trade relations between the European Union and China reached what European Commission President Ursula von der Leyen called a “clear inflection point” on Thursday, after a tense one-day summit in Beijing.Cryptopolitan
Thu, Jul 24
GRAINS-CBOT corn, soybean futures climb on technical trading, trade deal hopes
Corn futures rise on short-covering, consolidationWheat exports high, but global supply limit gainsSoybean futures rise despite sluggish US export salesBy P.J. Huffstutter CHICAGO, July 24 (Reuters) - Chicago Board of Trade corn futures ticked up on Thursday on signs of short-covering and consoli...Reuters
Thu, Jul 24
Crude finishes with 1% gain on supply concerns and US crude draws
HOUSTON, July 24 (Reuters) - Oil prices rose 1% on Thursday as U.S. crude draws and expected cuts to Russian gasoline exports overwhelmed news that oil major Chevron CVX.N will gain U.S. approval to renew production in Venezuela.Reuters
Thu, Jul 24
Charles Schwab authorizes $20 billion stock buyback, declares dividends
July 24 (Reuters) - Charles Schwab SCHW.N said on Thursday that its board had authorized a new $20 billion stock repurchase program, replacing the previous authorization. The company also declared a regular quarterly cash dividend of 27 cents per share on its common stock.Reuters
Thu, Jul 24
Trump refocuses on desire for lower interest rates during Fed renovation tour
United States President Donald Trump toured the Federal Reserve's (Fed) main headquarters in Washington, DC on Friday. President Trump recently pivoted to criticizing the Fed's long-planned renovations of its headquarters.Fxstreet
Thu, Jul 24
S&P 500 and Nasdaq notch record closes, lifted by Alphabet
Trump to visit Federal Reserve headquartersUnitedHealth says it is cooperating with DOJ probeS&P 500 +0.07%, Nasdaq +0.18%, Dow -0.70%By Noel Randewich and Pranav Kashyap July 24 (Reuters) - The S&P 500 and the Nasdaq notched record high closes on Thursday as robust results from Google pa...Reuters
Thu, Jul 24
Trump Meets Powell in Person, Demands Rate Cuts and Claims Positive Progress in EU Talks
TradingKey - On July 24 (U.S. Eastern Time), President Donald Trump arrived at the Federal Reserve headquarters, where he stated that the ongoing negotiations with the European Union are progressing well.TradingKey
Thu, Jul 24
American Airlines, Southwest Crash 10% as Economic Headwinds Hit Travel Demand — Bottom in Sight?
TradingKey - U.S. economic uncertainty is weighing on travel demand, pushing both American Airlines (AAL) and Southwest Airlines (LUV) to report declining profits in the second quarter. Despite leadership from both carriers signaling a potential turnaround ahead, shares of AAL and LUV plunged around
TradingKey
Thu, Jul 24
Ethereum’s Summer Rally Resumes — BitMine Targets 5% of ETH Supply as Stablecoin Adoption Adds Fuel
TradingKey - After a brief mid-week pullback, Ethereum (ETH) is regaining upward momentum, rebounding nearly 5% from its Thursday low of $3,500. BitMine has set an ambitious goal: to accumulate 5% of the total circulating supply of Ethereum, growing its position through strategic purchases
TradingKey
Thu, Jul 24
Sees no mechanical issue with 787 Boeing fuel control unit after Air India crash
OSHKOSH, Wisconsin, July 24 (Reuters) - The head of the Federal Aviation Administration said on Thursday the fatal crash of an Air India Boeing BA.N 787 does not appear to be caused by a mechanical issue or inadvertent movement of the fuel control unit."We can say with a high level of confidence...Reuters
Thu, Jul 24
Safe-haven gold slips as trade optimism lifts risk appetite
EU, US near deal with possible 15% tariff, EU diplomats sayTrump to visit Federal Reserve US weekly jobless claims unexpectedly fallsBy Sherin Elizabeth Varghese July 24 (Reuters) - Gold prices fell for a second straight session on Thursday, as signs of easing global trade tensions dampened deman...Reuters
Thu, Jul 24
US Senate committee approves Trump's UN envoy pick, nomination heads to full vote
By Patricia Zengerle WASHINGTON, July 24 (Reuters) - The U.S. Senate Foreign Relations Committee on Thursday voted narrowly in favor of Mike Waltz, President Donald Trump's pick to be U.N. envoy, clearing the way for a confirmation vote in the full 100-member Senate.The panel voted 12-10 in f...Reuters
Thu, Jul 24
New lawsuit to make FOMC rate meetings public compounds Powell's problems
In its lawsuit, Azoria Capital asked the court to issue a temporary restraining order that forces the Federal Open Market Committee (FOMC) to make its meetings public beginning next Tuesday and Wednesday, when central bank policymakers meet in Washington to decide on the next move in interest rates.Cryptopolitan
Thu, Jul 24
Bitcoin Approaches Structural Ceiling, Analyst Warns Of Power Law Resistance
As Bitcoin continues its upward momentum, technical analysts are pointing to the long-observed Power Law resistance band. While market sentiment remains bullish, the proximity to this structural ceiling raises the possibility of increased volatility and consolidation. Analyst Highlights Technical He...NewsBTC
Thu, Jul 24
GPT-5 Set to Launch in Early August? OpenAI’s AGI Vision Might Take a Step Forward
TradingKey - According to a report by The Verge, the highly anticipated AI model ChatGPT-5 could be released as early as early August. OpenAI CEO Sam Altman has previously described GPT-5 as a system that integrates multiple technologies, and its launch could mark a significant step toward theTradingKey
Thu, Jul 24
LVMH Reports Decline in First-Half Performance — Weak Asia and Cooling Demand Hit Luxury Giant
TradingKey - LVMH’s half-year financial report shows a decline in revenue and profits for the first six months of 2025, as soft demand in Asia and a slowdown in high-end consumer spending weighed on key business segments, particularly Fashion & Leather Goods.TradingKey
Thu, Jul 24
