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President Trump gives Mexico more time for trade talks. Plus: Microsoft and Meta Platforms post strong earnings. EBay logs better-than-expected results. And Apple and Amazon post earnings after the bell. Charlotte Gartenberg 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, President Trump extends the existing tariffs on Mexico for 90 days. And the Fed’s preferred gauge for inflation was higher than the bank’s target in June. 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: China’s cybersecurity regulator summons Nvidia, citing chip-security issues. And, Shell announces a $3.5 billion share buyback, despite lower oil and gas prices. Azhar Sukri hosts.
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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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