Consumer prices rise 2.7% annually in July, less than expected amid tariff worries

Stocks finish lower as traders look ahead to CPI data

Trump to nominate economic advisor Stephen Miran to be new Fed governor, replacing Kugler

Key Points President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, replacing Adriana Kugler. "He has been with me from the beginning of my S

Uber beats on revenue, announces $20 billion stock buyback

Key Points Uber reported a revenue increase of 18% from a year earlier, topping analyst estimates. The ride-hailing company said it’s authorized a $20 billion share buyback. CEO Dara Khosrowshahi said in prepared remarks that Uber sees “enormous potential

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

Key Points DOJ said the defendants illegally exported millions of dollars' worth of advanced chips and other technology to China from October 2022 through July 2025. The illicit shipments included Nvidia's advanced H100 general processing units, which are

Tesla awards Musk $29 billion in shares with prior pay package in limbo

Key Points Tesla’s board awarded CEO Elon Musk an interim pay package of 96 million shares of the company. The company said in a filing that the pay package would vest in two years as long as Musk continued as CEO or in another key executive position. A l

Tesla must pay portion of $329 million in damages after fatal Autopilot crash, jury says

Key Points A jury in Florida determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash. The company must pay a portion of $329 million in damages to victims and a survivor, including compensatory and punitive damages. Tesla had a

John Ptak's top 10 stock market events to watch on Thursday

Trump’s tariff deadline is near. Here’s a look at countries that have a deal — and those that don’t

Key Points Trump’s suspension of “reciprocal” tariffs will end on Friday, which means the world could face higher tariffs once again. The U.S. has managed to make only eight deals in 120 days, including one with the 27-member European Union. Key trading p

UnitedHealth says 2025 earnings will be worse than expected as high medical costs dog insurers

Key Points UnitedHealth gave 2025 earnings guidance that fell well short of Wall Street’s expectations. The company and the broader insurance industry are grappling with higher medical costs in Medicare Advantage plans. The report adds to a growing string

Trump: Global baseline tariff will likely be 15% to 20%

Key Points President Donald Trump said the baseline tariff rate for the world will be “in the range of 15 to 20% probably one of those two numbers.” His comments come days before his Aug. 1 tariff deadline, and as dozens of countries have still not reache

New bill in Congress would reward companies that give stock to rank-and-file employees

Key Points The new bipartisan bill, introduced by Rep. Tom Suozzi (D-N.Y.) and Rep. Mike Kelly (R-P.A.), aims to help build out America's middle class. Companies that distribute a percentage of their stock to their lowest paid employees would receive a ta

American Airlines scales back 2025 profit outlook as third-quarter forecast falls short

Key Points American Airlines’ third-quarter profit forecast fell short of Wall Street expectations. The carrier also issued lower guidance for the full year than it had previously projected. American beat earnings and revenue estimates for the just-comple

U.S. to remove mercury preservative from flu shots following RFK Jr. vaccine panel vote

Key Points The Department of Health and Human Services said it will officially remove the mercury-based preservative thimerosal from all flu shots distributed in the U.S. – even though there is no evidence of harm from the ingredient. HHS Secretary Rober

Japan stocks jump over 3% as Trump announces trade deal; broader Asia markets also rise

Key Points The inflation figure was lower than the 0.9% expected by economists Core inflation remained unchanged at 0.6%.

Trump Media builds $2 billion bitcoin hoard, as cryptocurrency swells president’s net worth

Key Points Trump Media and Technology Group said it has accumulated roughly $2 billion in bitcoin and related assets, totaling about two-thirds of its total liquid assets. Shares of TMTG, which trades on the Nasdaq as DJT, popped as high as 9% when market

Justice Department asks court to unseal Epstein, Maxwell grand jury transcripts

Key Points The Department of Justice asked federal judges to unseal grand jury transcripts in the criminal cases of Jeffrey Epstein and Ghislaine Maxwell. The formal requests came one day after President Donald Trump ordered Attorney General Pam Bondi to

Trump diagnosed with common vein condition after ankle swelling raises concerns

Key Points President Donald Trump underwent a comprehensive medical exam that revealed he has a common vein disorder but cleared him of more serious illnesses, the White House said. Press secretary Karoline Leavitt also said that bruises periodically visi

Nvidia CEO Jensen Huang wants to sell more advanced chips to China after H20 ban is lifted

Key Points Nvidia CEO Jensen Huang said he wants to ship chips that are more advanced that the H20 product to China. The U.S. reversed a ban that restricted Nvidia from sending its export control-compliant chip known as the H20 to China. Huang has trod a

JPMorgan Chase tops estimates on stronger-than-expected trading, investment banking

'To be free in this world, you must be feared': France's Macron calls for defense spending boost

Key Points Macron called to raise defense spending by 3.5 billion euro ($4.09 billion) next year and by another 3 billion in 2027. French lawmakers would had to approve the increases before they can be enacted. The French parliament has already experience

Dow futures drop 200 points, S&P set to retreat from record as Trump escalates trade battles: Live updates

Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 40%

Key Points The Defense Department will buy $400 million of preferred stock in MP Materials. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California. It will build a second magnet manufacturing facility in the U.S. w

Trump's next Fed chair pick already comes with a credibility problem

Key Points The next Fed chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy. Trump reportedly is considering naming a "shadow chair" until the current occupan

Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows

Key Points The New York Fed's Survey of Consumer Expectations shows that respondents in June saw inflation at 3% 12 months from now — the same level it was in January. While the headline inflation outlook eased, respondents still expect higher prices in s

Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party

Key Points Elon Musk said he would form a new political party called the “America Party.” Tesla shares fell around 7% in premarket trading on Monday after Musk’s announcement. Tesla shareholders have wanted Musk to stay away from politics, especially afte

House narrowly passes Trump's megabill in major victory for Republicans

Key Points The House passed President Donald Trump's massive tax-and-spending bill. Democratic leader Hakeem Jeffries broke records with a nearly nine-hour speech decrying the bill on the chamber floor before the final vote. The legislation stalled overni

China's Honor launches new challenge to Samsung with thin foldable smartphone and a big battery

Key Points Honor launched the Magic V5 on Wednesday, it's latest foldable smartphone that will initially launch in China and then overseas markets. Honor said the Magic V5 is 8.8 millimeters when folded and comes in a special 1 terabyte version. Honor is

Elon Musk’s xAI raises $10 billion in debt and equity as it steps up challenge to OpenAI

Key Points xAI, Elon Musk’s artificial intelligence startup, raised $5 billion in debt and $5 billion in equity. The funding will go towards xAI’s efforts to build out its AI infrastructure and develop its Grok chatbot. xAI’s latest raise will help it com

Moderna's flu vaccine shows positive late-stage trial results, paving way for combination Covid shot

Key Points Moderna said its experimental mRNA-based flu vaccine produced a stronger immune response than a currently available shot for the virus in a late-stage trial. The positive data pave the way for Moderna to apply for approval of its standalone flu

Trump loses latest bid to get Central Park Five defamation lawsuit tossed

Key Points A federal judge dismissed another effort by President Donald Trump to throw out the defamation case filed against him by plaintiffs formerly known as the Central Park Five. "Pennsylvania's Anti-SLAPP Statute (a state law) does not apply here, i

RFK Jr.’s CDC vaccine panel backs Merck RSV shot for infants

Key Points Health and Human Services Secretary Robert F. Kennedy Jr.’s revamped government panel of vaccine advisors recommended the use of Merck’s shot designed to protect infants from respiratory syncytial virus during their first season of the virus.

RFK Jr.’s CDC vaccine panel will review long-approved shots as skeptics gain sway

Key Points Health and Human Services Secretary Robert F. Kennedy Jr.’s revamped government panel of vaccine advisors will start a review of long-approved shots in the U.S. Kennedy removed and replaced members of the Advisory Committee on Immunization Prac

Tankers showing caution around Straight of Hormuz after U.S. attack on Iran nuclear sites

Key Points Tankers reversed course away from the Strait of Hormuz as concerns rise on the possible closure of the vital chokepoint of trade. Reports by the UK Maritime Trade Operations on widespread electronic interference and GPS jamming and location spo

Stock futures gain as Fed’s Waller sees rate cut ahead, Trump delays Iran strike decision: Live updates

Tensions in the Middle East continue to rise

U.S. stock market dynamics at noon

Focus

Stealth aircraft and 30,000-pound bombs: Why destroying Iran's nuclear program is such a difficult feat

Retail sales fell 0.9% in May, worse than expected as consumers pulled back

Key Points Retail sales declined 0.9%, even more than the 0.6% drop expected from the Dow Jones consensus. However, excluding a series of items such as auto dealers, building materials suppliers, gas stations and others, sales increased 0.4%. The pullback

Luxury credit card rivalry heats up as Amex, JPMorgan tease updates to their premier cards

Key Points JPMorgan Chase announced last week that a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived in 2016 — was imminent. In response, American Express on Monday said that “major” changes were coming

Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock

Key Points Consumers in the early part of June took a considerably less pessimistic view about the economy and potential surges in inflation, according to the closely watched University of Michigan survey. For the headline index of consumer sentiment, the

Air India confirms plane crash killed at least 241 people, 1 passenger survives

Key Points Air India Flight 171 crashed shortly after takeoff from Ahmedabad, in western India, according to preliminary flight-path data. There were 242 passengers and crew aboard the Boeing 787 Dreamliner. The cause of the crash wasn't immediately known

Elon Musk says he regrets some social media posts he made about Trump

Key Points Elon Musk on Wednesday said he regretted some of the social media posts he made about U.S. President Donald Trump last week. Musk and Trump had engaged in an explosive public feud over social media. It was largely triggered by Musk’s opposition

Trump, Harvard battle over student visas could have an $180 million economic impact, analysis finds

Key Points The battle over international student enrollment would not just impact the schools that depend on those tuition dollars, but local and state economies, as well, reports show. According to one recent analysis, international students at Harvard c

Speaker Johnson hopes Musk and Trump can ‘reconcile’ their differences after public fallout

Key Points House Speaker Mike Johnson said that he hopes Elon Musk and President Donald Trump can mend their relationship following their public clash. “There’s a lot of emotion involved in it, but it’s in the interest of the country for everybody to work

Trump considers getting rid of his Tesla on heels of Elon Musk feud

Key Points President Donald Trump is mulling selling or giving away a red Tesla he bought in March. Trump and Elon Musk fell out on Thursday after the Tesla CEO harshly criticized a major tax bill the president wants Congress to pass. Trump has threatened

Elon Musk blasts Trump: ‘Without me, Trump would have lost’

Key Points The alliance between President Donald Trump and Tesla CEO Elon Musk dramatically fractured over the president’s major tax bill. Trump said Musk opposes the bill, which is pending in the Senate, because the billionaire is “upset” about the elimi

Trump administration loses bid to lift bar on big Education Department layoffs

Key Points The Trump administration lost a bid to lift a federal district court order temporarily barring the Education Department from laying off about half of its employees. The administration had asked the 1st U.S. Circuit Court of Appeals in Boston to

Inmate forged Trump death threats to get star witness deported: Prosecutors

Key Points The threatening letters to President Donald Trump which led to a highly-touted arrest of an undocumented immigrant were actually written by a jailed Wisconsin man trying to get him deported, prosecutors said. Demetric DeShawn Scott, the inmate,

White House says family of Colorado fire attack suspect Solmani could be deported ‘tonight’

Key Points Federal agents took into ICE custody the family of Mohamed Soliman, who is charged in the fire attack on demonstrators in Boulder, Colorado, Homeland Security Secretary Kristi Noem said. Noem said authorities are investigating whether Soliman’s

Boulder fire attack suspect Soliman charged with multiple counts of attempted murder

Key Points Federal prosecutors charged the suspect in a fire attack on demonstrators in Boulder, Colorado, with a charge of hate crime. A criminal complaint filed against the suspect, Mohamed Sabry Soliman, said there is probable cause to believe he attac

Supreme Court rules Trump can revoke protected status for 500,000 immigrants pending appeal

Key Points The Supreme Court ruled President Donald Trump can terminate the protected status of around 500,000 immigrants from Cuba, Haiti, Nicaragua, and Venezuela pending the outcome of an appeal. Justice Ketanji Brown Jackson, in a dissent, said the ru

Trump accuses China of violating preliminary trade deal

Key Points President Donald Trump said China has violated a preliminary trade agreement with the U.S. "So much for being Mr. NICE GUY!" Trump wrote in a social media post that said China had reneged on a deal that paused retaliatory tariffs between that c

Justice Department investigates California over trans athletes after Trump threatens funding

Key Points The Justice Department is investigating whether a California law allowing trans athletes on female sports teams at state schools violates federal civil rights law. The probe was revealed a day after President Donald Trump threatened to revoke f

Trump administration moves to cut rest of Harvard contracts with federal government

Key Points The Trump administration moved to terminate all remaining federal government contracts with Harvard University, which are worth a reported $100 million. The U.S. General Services Administration claimed that Harvard “continues to engage in race

France stocks lower at close of trade; CAC 40 down 0.58%

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Elliott wins two seats, Phillips 66 retains two seats in hotly contested board fight

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BlackRock wins 67% support for pay as Fink assures on global economy

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Jefferies raises these hotel stocks to Buy, highlights business model strength

Published 05/12/2025, 09:26 AM

Exclusive-US, Russia explore ways to restore Russian gas flows to Europe, sources say

Published 05/08/2025, 08:59 AM

Exclusive-Ford hikes prices on Mexico-produced models, citing tariffs

Published 05/07/2025, 08:37 AM

Intel shareholders approve measure to boost share reserves, new CEO compensation

Published 05/06/2025, 12:46 PM

OPEC+ meeting rescheduled to discuss June’s oil output plan

Published 05/02/2025, 10:10 AM

Howmet Aerospace CEO’s strategy improves margins through capacity premium - In Practise

Published 04/30/2025, 09:51 AM

"America First" antitrust enforcement is not regulation, DOJ official says

Published 04/28/2025, 12:33 PM

Morocco stocks higher at close of trade; Moroccan All Shares up 0.44%

Published 04/24/2025, 11:10 AM

Gulf issuers plan more debt sales, undeterred by recent market turmoil, sources say

Published 04/21/2025, 07:48 AM

Ford’s China business made $900 million last year

Published 04/16/2025, 10:17 AM

Goldman Sachs profit jumps as traders cash in on volatile markets

Published 04/14/2025, 07:32 AM

Wall Street unloading again, no respite from markets’ tariff chaos

Published 04/10/2025, 12:40 PM

Seven and i quarterly profit slides as it seeks to fend off Couche-Tard bid

Published 04/09/2025, 02:37 AM

KKR and JIC take Japan’s Topcon private for $2.31 billion

Published 03/28/2025, 05:39 AM

Philip Morris’ heated tobacco device IQOS goes on sale in Texas

Published 03/27/2025, 11:29 AM

South Korea’s Hyundai to announce $20 billion US investment, official says

Published 03/24/2025, 08:57 AM

JPMorgan makes changes to its diversity programs

Published 03/21/2025, 08:07 AM

Beacon Roofing agrees to $11 billion QXO buyout, ending takeover battle

Published 03/19/2025, 09:58 PM

John Ptak's Insight: The Inside Story Behind Tesla's Significant Stock Decline

Published 03/19/2025, 07:38 PM

Spain’s Santander eyes US expansion through Verizon partnership

Published 03/17/2025, 07:38 PM

Gazprom’s grandeur fades as Europe abandons Russian gas

Published 03/13/2025, 03:03 AM

Europe’s biggest battery hope Northvolt files for bankruptcy

Published 03/12/2025, 03:18 AM

IBM wins UK lawsuit against LzLabs over alleged theft of mainframe technology

Published 03/10/2025, 07:48 AM

John Ptak - CFA
Gorilla Technology Group (NASDAQ: GRRR) Latest Target Price Raised to $53.23

Published 03/05/2025, 07:02 PM

Top EPA nominees face Senate scrutiny over plan to undo key climate finding

Published 03/05/2025, 06:09 AM

Mercedes agrees cost-cutting programme including job cuts, Wirtschaftswoche reports

Published 03/04/2025, 02:14 PM

Amazon unveils AI scheme to tackle flood risks in Spain’s Aragon

Published 03/03/2025, 04:33 PM

US firm Firefly scores its first moon​ landing with Blue Ghost spacecraft

Published 03/02/2025, 05:12 AM

India’s Adani Group revives US investment plans, FT reports

Published 03/01/2025, 10:44 AM

John Ptak's Insight: The Inside Story Behind Tesla's Significant Stock Decline

Published 02/28/2025, 05:49 AM