Trump spars with Powell over renovation costs during Fed visit, but backs off firing threats
Trump has previously signaled he was considering whether to fire Powell, though it is unclear if he has the legal…
Category: Economy
IBM shares drop as software revenue misses
IBM delivered stronger earnings and income than expected and raised its forecast for full-year free cash flow. But software revenue…
Nvidia supplier SK Hynix second-quarter profit and revenue hit record highs, topping estimates
Revenue rose about 35% in the June quarter compared with the same period a year earlier, while operating profit rose…
Chipotle stock tumbles 9% after chain cuts same-store sales forecast
Shares of Chipotle have fallen 13% this year, dragging its market cap down to $71.1 billion. ...
Tesla reports sales miss as auto revenue drops for second straight quarter
Tesla’s second-quarter earnings call comes as Elon Musk’s automaker tries to revitalize EV sales and turn its robotaxis into moneymakers.…
Alphabet beats earnings expectations, raises spending forecast
The company increased its capital expenditures for 2025 by $10 billion due to "strong and growing demand for our Cloud…
Bessent says Aug. 12 China tariff deadline likely to be extended, talks planned in Stockholm
Treasury Secretary Scott Bessent said the U.S. is likely to hash out an extension of President Donald Trump's upcoming trade…
Credit card startup Imprint beats big banks for Rakuten co-brand deal
There is a new player making waves in an industry dominated by big banks. Imprint is a 5-year-old credit card…
Bessent says Powell doesn’t need to resign but should conduct internal review
There have been no indications from Powell that he plans to step down despite a barrage of criticism from the…