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Bessent says he will meet Chinese officials, discuss tariff deadline extension
WASHINGTON, July 22 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week and discuss what is likely to be an extension of an August 12 deadline for higher tariffs.Bessent told Fox Business that trade with China was in "a very good ...Reuters
Tue, Jul 22
Stocks
Replimune falls over 70% as US FDA declines to approve skin cancer drug
** Shares of drug developer Replimune Group REPL.O fall 76.5% to $2.90 premarket ** Co says the U.S. FDA declined to approve its experimental skin cancer drug, called RP1, for patients with advanced melanoma** The FDA, in its so-called complete response letter, said the clinical trial to test the dr...Reuters
Tue, Jul 22
Other
UK's Pentair raises annual profit forecast on favorable market trends
July 22 (Reuters) - Water technology firm Pentair PNT.F on Tuesday raised its adjusted profit forecast for the full year, citing its optimism over capitalizing on growing demand for water solutions and aging infrastructure across commercial and municipal sectors. The company now expects 2025 adjuste...Reuters
Tue, Jul 22
Cryptocurrencies
Bitcoin To $220K, Dogecoin To $3 and This New Viral Crypto Is Set For 100x Gains – According To Analysts
A new viral token called Remittix is catching investor attention in 2025 as smart money piles into PayFi infrastructure. While Bitcoin continues to climb and Dogecoin stirs long-term optimism, analysts are pointing to Remittix as the best early-stage crypto bet with potential for 100x returns. Bitcoin Price Predictions Suggest $220K Is Plausible Forecasts for Bitcoin’s […]Cryptopolitan
Tue, Jul 22
Stocks
Space firm Karman falls after launching secondary offering
** Defense and space systems maker Karman Holdings' KRMN.N shares fall 6.1% to $52.80 premarket** KRMN late Monday launched secondary offering of 20 million shares being offered by some existing stockholders** Selling shareholders include private equity firm Trive Capital and Karman CEO Tony Kob...Reuters
Tue, Jul 22
Stocks
Mueller Industries Inc reports results for the quarter ended June 30 - Earnings Summary
Mueller Industries Inc MLI.N reported quarterly adjusted earnings of $1.96 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.41. The mean expectation of two analysts for the quarter was for earnings of $1.62 per share. Wall Street...Reuters
Tue, Jul 22
Commodities
Gold Price Forecast: XAU/USD strives to break above $3,400 amid US-EU trade tensions
Gold price (XAU/USD) ticks down to near $3,385 during the European trading session on Tuesday. Still, the precious metal trades close to an over-a-month high around $3,400. The yellow metal is broadly firm as trade tensions between the United States (US) and the European Union (EU) have escalated.
Fxstreet
Tue, Jul 22
Stocks
Sherwin-Williams falls on FY forecast cut, profit miss
** Shares of paintmaker Sherwin-Williams SHW.N down 4.6% at $325.50 premarket** Company cuts its 2025 adjusted profit forecast to between $11.20/share and $11.50/share from the previous forecast of between $11.65/share and $12.05/share** "Demand was softer than anticipated through June, and we d...Reuters
Tue, Jul 22
Stocks
Lockheed Martin tumbles on $1.6 billion Q2 charge
** Shares of Lockheed Martin LMT.N fall 7% to ~$427 in premarket trading** Defense giant recorded charge of $1.6 billion in Q2, causing profit to plunge by about 80% ** Says charge due to difficulties with classified program in aeronautics segment and on international helicopter programs in its Siko...Reuters
Tue, Jul 22
Stocks
LIVE MARKETS-UK retail faces autumn test as tax hikes loom
STOXX 600 down 0.6%Trade concerns persistChemicals stocks underperform after earningsWall St futures softWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comUK RETAIL FACES AUTUMN TEST AS...Reuters
Tue, Jul 22
Stocks
Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion
BEIJING, July 22 (Reuters) - Apple AAPL.O supplier Goertek Inc 002241.SZ said on Tuesday it plans to buy two units of Hong Kong's Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion).The acquisition of Mega Precision Technology and Channel Well Industrial would help G...Reuters
Tue, Jul 22
Stocks
Breaking News That Rocket Lab and Intuitive Machines Investors Can't Afford to Miss
Key PointsFirefly Aerospace is a leading space company that has filed Form S-1 in preparation for an initial public offering.While Firefly is growing revenue, it's also incurring a net loss.An ETF focused on space stocks is a great investment opportunity for those looking to reduce their risk exposu...The Motley Fool
Tue, Jul 22
Other
Danaher lifts annual profit view on strength in diagnostics, names new CFO
July 22 (Reuters) - Life sciences firm Danaher DHR.N raised its annual profit forecast on Tuesday, banking on resilient demand for its diagnostic testing tools and services. However, the Washington, D.C.-based company's shares declined 3% to $182 in premarket hours, after it maintained its targe...Reuters
Tue, Jul 22
Cryptocurrencies
Selling Ether and Buying Bitcoin Is a Better Trade Says Peter Schiff. Here’s Why $HYPER Could Gain
Sell $ETH and Buy $BTC? Peter Schiff says to ignore Ethereum, and bet big on Bitcoin instead. In a controversial call, gold advocate and Bitcoin skeptic Peter Schiff has urged crypto investors to sell Ethereum and buy Bitcoin, citing ETH’s surge to a six‑month peak as evidence that its rally is near...Bitcoinist
Tue, Jul 22
Other
UK's CMA Says Aramark/Entier Merger Raises Competition Concerns
July 22 (Reuters) - UK's CMA:COMPETITION AND MKTS - MERGER UPDATE: ARAMARK/ENTIERUK'S CMA SAYS ARAMARK / ENTIER MERGER HAS RESULTED IN A SUBSTANTIAL LESSENING OF COMPETITIONUK'S CMA SAYS ARAMARK / ENTIER HAVE UNTIL 29 JULY 2025 TO OFFER AN UNDERTAKING TO CMAReuters
Tue, Jul 22
Other
Lockheed Martin falls on $1.6 billion Q2 charge
** Shares of Lockheed Martin LMT.N fall nearly 9% to ~$420 in premarket trading** Defense giant recorded charge of $1.6 billion in Q2** Says spent mostly on classified program in aeronautics segment** 11 of 24 brokerages rate the stock "buy" or higher, 12 "hold" and one "sell"...Reuters
Tue, Jul 22
Stocks
Avery Dennison Corp reports results for the quarter ended June 30 - Earnings Summary
Avery Dennison Corp AVY.N reported quarterly adjusted earnings of $2.28 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.42. The mean expectation of eleven analysts for the quarter was for earnings of $2.39 per share. Wall Street ...Reuters
Tue, Jul 22
Stocks
City Holding Co reports results for the quarter ended June 30 - Earnings Summary
City Holding Co CHCO.OQ reported quarterly adjusted earnings of $2.29 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.96. The mean expectation of five analysts for the quarter was for earnings of $1.96 per share. Wall Street exp...Reuters
Tue, Jul 22
Cryptocurrencies
Advocates step in to clarify dump rumors as XRP escrow unlocks tokens again
Legal consultant Bill Morgan is again lambasting chatter about Ripple’s XRP escrow dump theory after critics reacted to his X post that showed XRP escrow holdings had reduced by 20 billion tokens since 2017. Ripple’s escrow account was established in 2017 with 55 billion XRP tokens locked in. As of now, per Morgan’s Monday X […]Cryptopolitan
Tue, Jul 22
