Month: July 2025
Amazon earnings primer: Why AI and tariffs are key to the second quarter
Amazon CEO Andy Jassy attends the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 9, 2025. Kevin Dietsch | Getty Images Amazon will report second-quarter results after the market close Thursday. Here’s what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 Revenue: $162.1 billion Wall Street is also looking […]
Read More
Best Buy, Ikea test new kitchen concept in U.S. stores
The logo of Best Buy and Ikea on shopping carts. Getty Images Best Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics store. Beginning this fall, the program will debut in 10 Best […]
Read More
Arm stock tumbles on chip designer’s muted profit forecast
The logo of semiconductor design firm Arm on a chip. Jakub Porzycki | Nurphoto | Getty Images Shares of Arm Holdings plunged 12% on Thursday after the chip designer offered muted guidance for earnings. Second-quarter adjusted earnings will be between 29 cents and 37 cents per share, Arm said late Wednesday. Wall Street had projected […]
Read More
Microsoft ends tradition of naming competitors in regulatory filings
Microsoft CEO Satya Nadella leaves after attending a meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, on April 30, 2024. Willy Kurniawan | Reuters Microsoft has abandoned a decades-long tradition of calling out the names of its rivals in regulatory documents. When the 50-year-old technology company released its annual report […]
Read More
Ferrari shares slump 12% in biggest drop since 2016 listing
People walk by a Ferrari dealership in New York City. Spencer Platt | Getty Images News | Getty Images Ferrari shares fell more than 12% on Thursday, setting the stock for its biggest one-day drop since its listing nine years ago, even as the luxury sports car maker maintained its guidance, although it said it […]
Read More
Trump extends Mexico’s 25% tariffs for 90 days as talks continue
Mexico’s President Claudia Sheinbaum holds a morning press conference following U.S. announcement of auto industry tariffs in Mexico City, Mexico March 27, 2025. Presidencia De Mexico | Via Reuters President Donald Trump on Thursday said he would not raise U.S. tariffs on Mexican goods beyond their current levels for 90 days, in order to give […]
Read More
Figma CEO says AI superintelligence is not a looming threat to the company
Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn’t pose a serious threat to the future of the design software company, which is on the verge of debuting on the public markets. “We’re in this moment where you might, if you’re singularity-pilled, go, ‘Hey, superintelligence is coming and it’ll be able to […]
Read More
Trump’s 50% copper tariff includes a major exemption. That won’t halt price rises
Copper rods in storage at the Aurubis AG metal refinery in Hamburg, Germany, on Wednesday, July 16, 2025. Bloomberg | Bloomberg | Getty Images A major exemption to President Donald Trump’s 50% copper tariff has shocked traders and sent U.S. market prices plummeting. The final order on copper tariffs, which the Trump administration says will […]
Read More
Trump’s trade agenda is on the line as appeals court hears arguments in key tariffs case
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty Images A federal appeals court on Thursday is hearing arguments on whether to kneecap President Donald Trump’s global tariff […]
Read More
JPMorgan marks 1,000th branch opening since 2018 expansion plans
A new JPMorgan Chase branch in Charlotte, North Carolina. Courtesy: JPMorgan Chase JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a […]
Read More