Asian shares dipped from record highs as profit-taking set in ahead of significant economic events next week, including Trump's tariff deadline and central bank meetings. Investors are anxious about political shifts in Japan and potential impacts on global markets.
Tesla's recent earnings call raised eyebrows as CEO Elon Musk focused on future AI and robotics ambitions while ignoring declining car sales and profits. With analysts divided, what's next for Tesla?
In a shocking turn of events, the former CEO of Escobar Inc., Olof Kyros Gustafsson, has pled guilty to serious charges of fraud and money laundering. The company, infamous for the Escobar Fold 1 and 2 phones, misled customers while profiting from their orders. A sentencing is set for December 5, where Gustafsson could face up to 30 years in prison and hefty restitution.
The second-quarter earnings season has kicked off with impressive corporate profits driven by consumer strength, but the stock market's muted response raises concerns about investor expectations. Despite a stellar 94.4% earnings beat rate in financials, stocks remain stagnant.
Chip stocks are on the rise following TSMC's record quarterly profit, while PepsiCo forecasts a smaller decline in annual core profit. June retail sales also show a surprising uptick, signaling strong consumer confidence.
Despite initial fears of a recession, U.S. banks are experiencing a remarkable financial boom, with profits soaring and consumer spending remaining strong. Explore how market dynamics are shifting in favor of financial firms.
Bank of America posted mixed results for Q2, with earnings beating estimates at 89 cents per share but revenue missing expectations, leading to questions about future growth amid changing interest rates.
Samsung's TM Roh reveals a surprising strategy: the company is willing to absorb costs on its new foldable smartphones to boost shipments. Despite rising production expenses, Samsung is keeping prices down to enhance market penetration, especially against Huawei's growing dominance.
Delta Air Lines reported a surprising quarterly profit, boosting investor confidence despite lowering its full-year forecast. The airline's performance highlights the stabilization of travel demand and growth in high-margin business segments.
Delta Air Lines has lowered its 2025 profit forecast due to unexpected demand trends, but summer travel outlook exceeds expectations. CEO Ed Bastian comments on changing booking patterns and premium product strategies.
