Business

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 10, 2025. Jeenah Moon | Reuters U.S. stock futures were little changed Monday night following a winning session for the major averages, as investors await big bank earnings and a key inflation reading. Dow Jones Industrial Average futures lost 30 points, or …

Research firm LightShed partners says Apple should consider replacing Tim Cook as CEO, but the change is unlikely to occur any time soon. In a note to clients seen by Bloomberg, analysts Walter Piecyk and Joe Galone say that “Apple now needs a product-focused CEO, not one centered on logistics.” Bloomberg notes that Apple shares have “badly lagged” behind rivals …

Meta’s founder Mark Zuckerberg has said the social media giant will spend hundreds of billions of dollars on building huge AI data centres in the US. The first multi-gigawatt data centre, called Prometheus, is expected to come online in 2026, Zuckerberg said. He said one of the sites would cover an area nearly the size of Manhattan (59.1 sq km/22.8 …

China’s economy has beaten expectations even as US President Donald Trump’s tariffs and a prolonged crisis in the property market weigh on growth. Official figures show the world’s second largest economy grew by 5.2% in the three months to the end of June, compared to the same time last year. That’s better than the 5.1% forecast by many economists but …

Nvidia to resume sales of AI chip to China as CEO visits Beijing  Reuters Nvidia says it will resume H20 AI chip sales to China ‘soon,’ following U.S. government assurances  CNBC Nvidia to resume chips sales to China  Axios Nvidia’s Jensen Huang Is Right About the Real AI Race With China  Bloomberg Nvidia CEO to attend China supply chain expo, China’s CCTV says  Yahoo Finance …

Tesla To Hold Shareholder Vote On Potential Investment In Musk’s AI Venture XAI  Nasdaq Musk says he does not support a merger between Tesla and xAI but backs investment  CNBC Exclusive | SpaceX to Invest $2 Billion Into Elon Musk’s xAI – WSJ  The Wall Street Journal Tesla stock higher on potential for xAI investment; full merger would be the ‘next stage,’ analyst …

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $4.48 a …

Japan Is Worrying the Bond Market. How Treasuries Can Avoid a Slump, for Now.  Barron’s Japan bond yields hit multi-decade highs as fiscal fears mount ahead of election  CNBC Japan’s 10-year yield hits highest level since 2008 financial crisis  Financial Times Japan Leads Global Long-Bond Drop as Spending Takes Center-Stage  Bloomberg Investors brace for Japan bond market blowout as election nears  Reuters Source link

The Race Is On to Build U.S. Copper Mines After Trump Pledges Higher Tariffs – WSJ  The Wall Street Journal Why Markets Went Crazy Over 50% Copper Tariffs  Bloomberg.com Looming Copper Tariffs Leave Companies Scrambling: ‘Prices Will Go Up’  The New York Times Trump says 50% tariff on copper imports will begin Aug. 1  CNBC Who pays for tariffs?  marketplace.org Source link

Morning Bid: Euro shrugs at tariffs, but bonds balk  Reuters Stocks Shrug Off Trump’s Latest Tariff Threats  The New York Times Stock markets react to Trump’s latest tariff threats against EU and Mexico  CBS News Trading Day: Resisting renewed tariff tensions  Reuters European stocks tumble with EU tariff letter expected from White House  CNBC Source link