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Asian Shares Retreat as Investors Brace for Key Economic Events

Asian Shares Retreat as Investors Brace for Key Economic Events

BUSINESS - 7/25/2025

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 Earnings Call: A Glimpse into the Future or a Warning Sign?

Tesla's Earnings Call: A Glimpse into the Future or a Warning Sign?

BUSINESS - 7/25/2025

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?

Former CEO of Escobar Inc. Pleads Guilty to Fraud and Money Laundering

Former CEO of Escobar Inc. Pleads Guilty to Fraud and Money Laundering

BUSINESS - 7/23/2025

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.

Consumer Strength Fuels Strong Corporate Profits in Q2 Earnings

Consumer Strength Fuels Strong Corporate Profits in Q2 Earnings

BUSINESS - 7/19/2025

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 Surge as TSMC Reports Record Profits Amid Economic Optimism

Chip Stocks Surge as TSMC Reports Record Profits Amid Economic Optimism

BUSINESS - 7/17/2025

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.

U.S. Banks Thrive Amid Economic Resilience: A Financial Boom in 2023

U.S. Banks Thrive Amid Economic Resilience: A Financial Boom in 2023

BUSINESS - 7/17/2025

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 Reports Mixed Q2 Results: Earnings Beat, Revenue Misses

Bank of America Reports Mixed Q2 Results: Earnings Beat, Revenue Misses

BUSINESS - 7/16/2025

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 Bold Strategy: Why They're Willing to Lose Money on New Foldable Phones

Samsung's Bold Strategy: Why They're Willing to Lose Money on New Foldable Phones

TECHNOLOGY - 7/11/2025

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 Surprises Investors with Stronger-Than-Expected Quarterly Profit

Delta Air Lines Surprises Investors with Stronger-Than-Expected Quarterly Profit

BUSINESS - 7/10/2025

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 Adjusts 2025 Profit Forecast Amidst Shifting Travel Trends

Delta Air Lines Adjusts 2025 Profit Forecast Amidst Shifting Travel Trends

BUSINESS - 7/10/2025

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.

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