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Fed Chair Jerome Powell signals reluctance about a rate cut at the central bank’s next meeting in September. Plus: Hershey trimmed its annual outlook to reflect higher projected tariff expenses. SoFi Technologies plans a public offering of $1.5 billion of stock. Starbucks’s earnings undershot estimates. And, Visa posted forecast-beating quarterly results. Charlotte Gartenberg hosts.
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Plus: President Trump says that India will face a 25% tariff rate starting August 1. And Amazon will pay at least $20 million per year to license content from the New York Times. Alex Ossola hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Plus: The Fed is expected to hold rates steady, although Chair Powell may face unprecedented dissent today. And, U.S. tariffs weigh on European automakers Porsche and Mercedes-Benz. Azhar Sukri hosts.
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Import duties on Chinese goods could surge about 80% if the pause expires on Aug. 12. Plus: UnitedHealth Group said its earnings for the year will miss expectations. And Novo Nordisk stock plunged after the Ozempic maker cut its guidance. Danny Lewis hosts.
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Plus: JPMorgan Chase nears a deal to take over Apple’s credit-card program. And U.S. consumers’ economic mood improved this month, but they remained concerned about tariffs and the labor market. Pierre Bienaimé hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Plus: Famine is now unfolding in Gaza, according to experts. And, premiums for Medicare drug plans are set to increase sharply next year. Kate Bullivant hosts.
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The agreement removed the risk of an all-out trade war, but critics said it could weigh on already-sluggish economic growth in Europe. Plus: Boeing shares rose after the deal restored tariff exemptions for the aerospace sector. And stock in Tesla rallied after Elon Musk announced a deal with Samsung for artificial intelligence chips. Danny Lewis hosts.
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Plus: President Donald Trump says Russia has 10 or 12 days to reach a cease-fire with Ukraine or face more economic pressure. And the leaders of Thailand and Cambodia have agreed to a cease-fire after deadly clashes at their border. Pierre Bienaimé hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Plus: Samsung and Tesla ink a multi-billion dollar chip supply deal. And, Hong Kong-based CK Hutchison says it is looking to include a Chinese investor in its Panama Canal ports sale. Kate Bullivant hosts.
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The Nasdaq also rose to fresh highs as progress in trade talks bolstered markets. Plus: Intel shares fell after it reported a wider quarterly loss and announced 15% of staff will be laid off. And Samuel Adams brewer Boston Beer said it expects tariffs to have a more moderate effect on its costs. Danny Lewis hosts.
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