Month: July 2025
U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit
Shipping containers are stacked on the Ever Magic container ship operated by Evergreen at the Port of Los Angeles on June 25, 2025 in Los Angeles, California. Mario Tama | Getty Images The U.S. economy grew at a much better than expected pace in the second quarter, powered by a turnaround in the trade balance […]
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DOJ urges release of Jeffrey Epstein and Ghislaine Maxwell grand jury info in new filings
Jeffrey Epstein associate Ghislaine Maxwell listens to her sentencing from Judge Alison Nathan in a courtroom sketch in New York City, U.S. June 28, 2022. Jane Rosenberg | Reuters The Department of Justice in late-night court filings on Tuesday gave federal judges additional information as part of its efforts to get grand jury proceedings related […]
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Robinhood’s 175% rally this year is best among U.S. tech stocks
As Robinhood investors await second-quarter earnings, expectations are sky-high. The online broker, known for popularizing stock and crypto trading with young investors, has seen its shares surge 177% this year, outpacing all other U.S. tech companies valued at $5 or more, excluding those that went public in 2025. The next best performer is Palantir, up […]
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Booking Holdings CEO on Q2 results: People are still prioritizing traveling
Glenn Fogel, Booking Holdings CEO, joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, state of travel, weaker travel spending in the U.S., consumer travel demand, impact of AI, and more. Source
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Catastrophe bond sales are having a major moment
Catastrophe bond sales are skyrocketing, underscoring the growing appeal of what was once considered a relatively niche corner of the insurance industry. The issuance of so-called catastrophe bonds, or CAT bonds, has soared to $18.2 billion so far this year, according to specialist data provider Artemis.bm. With five months to spare, that’s already more than […]
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Stocks making the biggest moves premarket: Starbucks, Peloton, Novo Nordisk, Mondelez and more
Check out the companies making headlines before the bell. Starbucks — The coffee chain jumped more than 4% after CEO Brian Niccol said the company’s turnaround plan was ahead of schedule. On top of that, Starbucks reported fiscal third-quarter revenue of $9.5 billion, beating an LSEG consensus estimate of $9.31 billion. HSBC — Shares dipped […]
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Apple is facing pressure from Wall Street to figure out its AI strategy
Apple CEO Tim Cook and Senior Vice President of Software Engineering Craig Federighi speak during Apple’s annual World Wide Developers Conference at the company’s headquarters in Cupertino, California, U.S., June 9, 2025. Laure Andrillon | Reuters While its megacap tech peers are bragging about building island-sized data centers filled with Nvidia chips to power artificial […]
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Why it appears Washington is becoming friendlier toward crypto ETFs under Trump
ETF Edge Why it appears Washington is becoming friendlier toward crypto ETFs under Trump Published Wed, Jul 30 20257:00 AM EDT Siena Griffin@siena_griffin WATCH LIVE Source
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Why the U.S.-EU trade agreement is unlikely to derail Europe’s defense boom
Europe’s defense stocks wobbled at the start of the week, as investors pored over the details — still lacking in some areas — of the framework trade agreement struck by the U.S. and European Union on Sunday. An initial concern was that a commitment by the EU to increase its purchases of U.S. goods, in […]
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Luxury carmakers flag combined costs of $889 million as U.S. tariffs bite
Key Points Luxury carmakers Porsche, Mercedes-Benz Group and Aston Martin on Wednesday each outlined the extent to which U.S. import tariffs have taken their toll. Collectively, the carmakers warned of combined costs exceeding 770 million euros ($889 million). “This is not a storm that will pass,” Oliver Blume, chairman of the executive board of Porsche, […]
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