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California judge certifies 200,000 class in State Farm underpayment suit
By Isha MaratheJuly 16 - (The Insurer) - A California federal court certified a class of 200,000 members on Tuesday, in a lawsuit alleging that State Farm systematically depreciated sales tax when calculating actual cash value benefits payments to policyholders, thus violating the state insurance c...Reuters
Wed, Jul 16
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TREASURIES-US yields slide amid turmoil involving Fed's Powell
Initial reports on Powell firing by Trump roil bond marketUS 30-year yields hit 8-week high in wake of reportUS 2/10 yield curve steepens, widest gap since AprilBy Gertrude Chavez-Dreyfuss NEW YORK, July 16 (Reuters) - U.S. two-year Treasury yields tumbled in volatile trading on Wednesday but cam...Reuters
Wed, Jul 16
Stocks
CANADA STOCKS-TSX ends higher as technology and financial shares climb
TSX ends up 0.4% at 27,152.97Tech sector rises 1.6%, financials add 0.9%Energy loses 1.1% as oil settles lowerCogeco Communications drops 8.5% after revenue missBy Fergal Smith July 16 (Reuters) - Canada's main stock index rose on Wednesday, with the financial and technology sectors posting g...Reuters
Wed, Jul 16
Stocks
Morgan Stanley Q2 Revenue Hits $16.8 Billion
Morgan Stanley(NYSE:MS) reported fiscal 2025 second-quarter earnings on Wednesday, July 16, posting $16.8 billion in revenue (up 12% year over year), $2.13 in earnings per share, and an 18.2% return on return on tangible common equity (ROTCE). Wealth and Investment Management client assets reached $...The Motley Fool
Wed, Jul 16
Other
Trump says supporters questioning Jeffrey Epstein case are 'weaklings'
Trump says Republicans are not sticking togetherSome supporters want more details on sex offender's caseBy Trevor Hunnicutt WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump on Wednesday attacked fellow Republicans critical of his administration's handling of the case of dea...Reuters
Wed, Jul 16
Cryptocurrencies
U.S. House failed again to vote on key crypto bills, despite Trump’s promise
The House just blew another chance to move forward on crypto legislation. After a messy week of internal Republican fighting, zero votes happened on Wednesday on the three crypto bills that were supposed to be the main event of “crypto week.” Despite Trump promising on Tuesday that the votes would go through “very early” today, […]Cryptopolitan
Wed, Jul 16
Other
Amazon.com defeats lawsuit by Prime Video subscribers over commercials
July 16 (Reuters) - A federal judge on Wednesday dismissed a proposed class action over Amazon.com's AMZN.O decision to begin showing commercials on its Prime Video service unless subscribers paid a $2.99 monthly opt-out fee.Subscribers who paid $139 a year for Prime Video said Amazon had led th...Reuters
Wed, Jul 16
Other
THE DAY AHEAD-North America, July 17
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-pageFor Morning News Call U.S. -- a pre...Reuters
Wed, Jul 16
Other
South Plains Financial posts higher Q2 net income
OverviewSouth Plains Q2 net income rises to $14.6 mln, up from $11.1 mln last yearDiluted EPS for Q2 increases to $0.86Net interest margin expands to 4.07%, driven by steady margin expansionOutlookCompany aims to expand lending capabilities and add experienced commercial lendersSouth Plains sees sta...Reuters
Wed, Jul 16
Other
California judge certifies 200,000 class in State Farm underpayment suit
By Isha MaratheJuly 16 - (The Insurer) - A California federal court certified a class of 200,000 members on Tuesday, in a lawsuit alleging that State Farm systematically depreciated sales tax when calculating actual cash value benefits payments to policyholders, thus violating the state insurance c...Reuters
Wed, Jul 16
Stocks
United Airlines falls as Q3 profit forecast below estimates
** Shares of United Airlines UAL.O fall 2.5% to $86.39 after the bell** UAL forecasts Q3 adj. profit between $2.25 and $2.75 per share, with the midpoint coming in below analysts' estimate of $2.60, per data compiled by LSEG** Says earnings in Q3 are also expected to take a hit as a result of di...Reuters
Wed, Jul 16
Other
SL Green Realty Q2 net loss widens, FFO declines
OverviewManhattan office REIT SL Green Realty Q2 net loss widens to $0.16 per shareFFO for Q2 2025 declines to $1.63 per shareCompany increases 2025 FFO guidance, reflecting income from debt portfolioOutlookSL Green increases 2025 FFO guidance to $5.65-$5.95 per shareCompany maintains 2025 net incom...Reuters
Wed, Jul 16
Stocks
Why XRP (Ripple) Is Surging Today
Key PointsThe House of Representatives voted to reconsider a package of crypto bills that hit a procedural roadblock Tuesday.Media outlets reported Wednesday that President Donald Trump plans to fire Federal Reserve Chair Jerome Powell, but Trump eventually denied the report.The executive chairman o...The Motley Fool
Wed, Jul 16
Other
Trump says Coca-Cola agreed to use real cane sugar in US
WASHINGTON, July 16 (Reuters) - President Donald Trump said on Wednesday Coca-Cola had agreed to use real cane sugar in its beverages in the U.S. after his discussions with the company."I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agre...Reuters
Wed, Jul 16
Stocks
Black Rifle Coffee slides on stock offering launch
** Shares of BRC Inc BRCC.N, known as Black Rifle Coffee Company, down 8% post-market to $1.39 as it seeks equity raise** Veteran-founded coffee seller commences stock offering without disclosing targeted deal size** D.A. Davidson acting as sole bookrunner** BRCC shares on Weds finished up 2.7% at $...Reuters
Wed, Jul 16
Stocks
Citi keeps PT, rating unchanged for Rio Tinto; warns of H2 iron ore market headwinds
** Analysts at Citi keep price target unchanged and maintains 'neutral' rating on Australia's Rio Tinto RIO.AX after the mining giant reported strong second-quarter iron ore production on Wednesday** Citi, however, sees headwinds in iron ore market in H2 2025** Simon Trott, who was named...Reuters
Wed, Jul 16
Other
Alcoa beats Q2 revenue, earnings estimates; completes Ma'aden JV sale
OverviewAlcoa reports Q2 revenue of $3.018 bln, beating analyst expectations, per LSEG dataAdjusted EPS of $0.39 exceeded estimates, reflecting operational performanceCompany completed sale of Ma'aden JV interest for $1.35 billionOutlookAlcoa expects 2025 alumina production between 9.5 and 9.7 m...Reuters
Wed, Jul 16
Cryptocurrencies
EV cars are holding up better than expected
It’s not often that timing lines up so perfectly in the car market, but right now, used electric vehicles (EVs) are offering a golden opportunity in the US. With a blend of falling prices, surprisingly solid battery performance, and a federal tax credit that expires soon, now might be the best time to take the […]Cryptopolitan
Wed, Jul 16
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