News
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Bright spots emerge in corporate earnings as tariff uncertainty lingers
Alphabet, SK Hynix, Infosys offer upbeat guidanceRosy forecasts come against backdrop of tariff uncertaintyGovernments scramble for tariff deals ahead of August 1 deadline July 24 (Reuters) - Some of the world's top tech firms, including U.S. search giant Alphabet, South Korean chipmaker SK H...Reuters
Thu, Jul 24
Nvidia supplier SK Hynix to boost spending on AI chips, after record Q2
Q2 operating profit up 69% to 9.2 trillion won Co plans to operate China fab as planned Says 2026 supply talks with a key customer proceeding as planned By Heekyong Yang and Joyce Lee SEOUL, July 24 (Reuters) - SK Hynix 000660.KS flagged plans to lift spending this year on advanced chipmaking aft...Reuters
Thu, Jul 24
Australian Dollar extends winning streak following improved PMI data
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the fifth consecutive day. The AUD/USD pair is reaching fresh eight-month highs above 0.6600 following the release of Australia's preliminary Judo Bank Purchasing Managers Index (PMI) data.
Fxstreet
Thu, Jul 24
IBM's software sales disappoint, eclipsing AI mainframe revival
July 23 (Reuters) - IBM IBM.N beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its mainstay software segment overshadowed a renewal in demand for the mainframe business spurred by AI upgrades.
Reuters
Thu, Jul 24
Tesla likely faces 'a few rough quarters' from end of US EV support, Musk says
July 23 (Reuters) - Tesla TSLA.O Chief Executive Elon Musk said on Wednesday that U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters" for the company before a wave of revenue from self-driving software and services begins late next year.Reuters
Thu, Jul 24
Mattel cuts 2025 forecast after two-month pause, hurt by tariff uncertainties
Mattel reissues 2025 forecast after suspending it in MayCEO Kreiz expects $100-million tariff exposure before mitigationRetailer ordering shifts impacted US sales in Q2, CEO saysWeak Barbie sales in North America hurt quarterly revenuesBy Savyata Mishra July 23 (Reuters) - Toymaker Mattel MAT.O ...Reuters
Wed, Jul 23
Google parent Alphabet surprises with capital spending boost after earnings beat
Reports total revenue of $96.43 billion for second quarter vs. expected $94 billionRaises 2025 capital spending target to about $85 billion from $75 billionBig Tech spending on AI amid rising Chinese competitionBy Kenrick Cai and Deborah Mary Sophia July 23 (Reuters) - Alphabet GOOGL.O on Wednesd...Reuters
Wed, Jul 23
Tesla’s Q2 Earnings Miss But Not Unexpected; Margin Rebound and Affordable Models Offer Some Relief
TradingKey - After the U.S. market close on July 23, electric vehicle leader Tesla (TSLA) released its Q2 2025 earnings report. While revenue and earnings missed expectations, the rebound in gross margins and guidance on more affordable vehicles offered a glimmer of hope amid ongoing challenges.TradingKey
Wed, Jul 23
US STOCKS-S&P 500 and Nasdaq rally to record highs on optimism about trade deals
Tariffs on Japanese autos cut to 15% from 27.5%Thermo Fisher surges after beating Street estimatesTexas Instruments slumps as tariff uncertainty hits demandTesla reports after the bell, investors brace for revenue fallS&P 500 +0.78%, Nasdaq +0.61%, Dow +1.14%By Noel Randewich and Nikhil Sharma ...Reuters
Wed, Jul 23
CSX Q2 revenue misses estimates
OverviewCSX Q2 revenue falls 3% yr/yr to $3.57 bln, missing analyst expectationsOperating income down 11% yr/yr, with EPS decreasing 10% yr/yrCo cites lower coal prices, reduced fuel surcharges for revenue declineOutlookCSX focused on completing major infrastructure projects for growthCompany notesReuters
Wed, Jul 23
Hanover Bancorp Q2 net income rises
OverviewHanover Bancorp Q2 net income rises to $2.4 mln from $0.8 mln in 2024Net interest income for Q2 2025 increased 11.69% year-over-yearOutlookCompany anticipates higher C&I lending and deposit activity in 2025Company sees continued expansion into Eastern Long IslandHanover expects interest ...Reuters
Wed, Jul 23
Is a Meme Coin Bubble Bursting? ETH Drops 3%, XRP Plunges 10%, Ethereum-Reserve Stocks Tumble
TradingKey - Following a surge in altcoin prices fueled by the passage of U.S. stablecoin legislation, the rally appears to be cooling — with growing concerns over a potential bubble. On Wednesday, July 23, Ethereum (ETH) fell 3%, Ripple (XRP) plunged nearly 10%, and Ethereum-reserve-linked stocks
TradingKey
Wed, Jul 23
Tron Overtakes Ethereum As Monthly Average Fees Surge To New Levels
The Tron network, one of the leading blockchains in the market, appears to have regained steam following the renewed bullish sentiment across the crypto sector. Recent data show that the network, especially its fees, has risen sharply to new levels that exceed even those of other chains such as EtheBitcoinist
Wed, Jul 23
Firing Powell Won’t Fix the Debt — And Further Rate Cuts Could Backfire, Deutsche Bank Warns
TradingKey - On President Donald Trump’s argument that firing Fed Chair Jerome Powell would lower interest rates and reduce the U.S. government’s soaring debt costs, Deutsche Bank has issued a clear warning: forced rate cuts would have little meaningful impact on debt burdens, and could evenTradingKey
Wed, Jul 23
NVR Beats Q2 Estimates as Margins Fall
Key Points- Earnings per share were $108.54, surpassing the analyst consensus estimate by 2.2%, but dropping 10.1% from the prior year.- Revenue reached $2.60 billion, exceeding expectations by 3.9%, yet staying nearly flat from a year ago.- New home orders and profit margins declined, with a rising...The Motley Fool
Wed, Jul 23
Chicago wheat futures dip on profit-taking, larger production forecasts
CHICAGO, July 23 (Reuters) - Chicago Board of Trade wheat futures fell on Wednesday amid signs of profit-taking and reports of ample global supplies, market analysts said.Wheat price losses were somewhat capped by a North Dakota crop tour report that came out late on Tuesday, traders said.Crop scout...Reuters
Wed, Jul 23
