PRESS DIGEST- New York Times business news - July 3
July 3 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.
- Del Monte Foods kicked off efforts to pursue a sale as it filed for Chapter 11 bankruptcy proceedings in the U.S. under an agreement with certain key lenders.
- Tesla's TSLA.O global car sales fell sharply in the second quarter, continuing a decline that began last year, as the company puts a greater emphasis on autonomous driving instead of new models aimed at attracting car buyers.
- The Food and Drug Administration’s top vaccine official rejected broad uses of two Covid vaccines, citing unknown risks or injuries despite assurances of safety from dozens of staff experts, newly released documents show.
Related Articles
Intel’s Quiet Reinvention Gains Speed
TradingKey - At $22.55 per share, Intel (INTC) isn’t trading like an IT titan; it’s trading like a value trap. And yet, underneath the hood, a monumental shift is occurring quietly.
OppFi: The Fintech Profit Story You Missed
TradingKey - While most are reassured by the frenzy of fintech hype cycles and software spec multiples, OppFi Inc. (OPFI) is an exception, an undervalued, profitable, and capital-efficient digital lender with record-breaking Q1 2025 results that defy conventional wisdom.
Eurozone June Inflation Commentary: Mid-Term Bearish Outlook for the Euro, with Short-Term Rises Presenting Opportunities for Bears
TradingKey - On 1 July 2025, the Eurozone published its June inflation figures, which met market consensus: headline CPI edged up from 1.9% in May to 2.0%, while core CPI held steady at 2.3%.
Adobe’s AI Play Is Working
TradingKey - Adobe (ADBE) enters the latter part of FY2025 with strategic momentum: its own ongoing transition into an AI-first platform business.
Prediction! Federal Reserve Chairman Jerome Powell's Next Move Will Be an Interest Rate Cut
The Federal Reserve must balance the risks of higher inflation with the risks of higher unemployment when making decisions on interest rates.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were..
