US banks say consumers are ‘healthy’ despite economic uncertainty
JPMorgan Chase and Citigroup strike an upbeat tone on the economy and notch up strong trading results Joshua Franklin and Akila Quinio in New York Published Jul 15 2025 JPMorgan Chase and Citigroup struck an upbeat tone on the strength of US consumers, underscoring how the world’s biggest economy has remained resilient despite the effects […]
US banks say consumers are ‘healthy’ despite economic uncertainty
Joshua Franklin and Akila Quinio 7/15/2025 JPMorgan Chase and Citigroup struck an upbeat tone on the strength of US consumers, underscoring how the world’s biggest economy has remained resilient despite the effects of Donald Trump’s tariffs. The duo of Wall Street banks said there were signs that Americans’ financial footing was solid even as they […]
US customs duties top $100 billion for first time in a fiscal year
By David Lawder Reuters July 11, 2025 WASHINGTON, July 11 (Reuters) – U.S. customs duty collections surged again in June as President Donald Trump’s tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported […]
Investors look for signs European earnings can defy tariff turmoil
Reuters – by Samuel Indyk and Lucy Raitano July 9, 202511:03 PM PDT Summary: STOXX 600 earnings forecast to fall 0.2% Tariff impact starting to be felt, focus on guidance Euro strength a possible headwind LONDON, July 10 (Reuters) – European investors are bracing for a pivotal second-quarter earnings season, which could offer the first meaningful insight […]
TSMC Revenue Climbs 39% in Latest Sign of AI Spending Boom
By Debby Wu 07/09/2025 22:41:09 [BN] Summary by Bloomberg AI Taiwan Semiconductor Manufacturing Co.’s revenue rose 39% in the June quarter, beating the average analyst projection. TSMC Chief Executive Officer C.C. Wei says AI chip demand still outstrips supply, and the company has pledged to spend $100 billion ramping up manufacturing. According to Charles Shum, analyst, TSMC […]
EU Rushes to Conclude Framework Trade Deal With US This Week
By Alberto Nardelli and Jorge Valero 07/07/2025 18:24:02 [BN] Summary by Bloomberg AI The European Union is seeking to conclude a preliminary trade deal with the US that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline as they negotiate a permanent agreement. The EU is seeking an exemption from the 10% rate […]
Oracle, OpenAI Expand Stargate Deal for More US Data Centers
By Brody Ford and Rachel Metz 07/02/2025 12:07:40 Summary by Bloomberg AI OpenAI has agreed to rent a massive amount of computing power from Oracle Corp. data centers as part of its Stargate initiative. The rental will total about 4.5 gigawatts of data center power in the US, which could power millions of American homes. Oracle will develop […]
US Reaches Vietnam Trade Deal With 20% Import Tariff, Trump Says
By Francesca Stevens, Nguyen Dieu Tu Uyen, and Jennifer A. Dlouhy 07/02/2025 09:32:19 [BN] Summary by Bloomberg AI President Donald Trump announced a trade deal with Vietnam, which includes a 20% tariff on Vietnamese exports to the US and a 40% levy on goods deemed to be transshipped through the country. In return, Vietnam agreed to […]
Capital intensity will reprogram Big Tech values
By Jefferey Goldfarb NEW YORK, May 7 (Reuters Breakingviews) – Big Tech is attempting the mother of all pivots. Although startups from Twitter to Instagram are renowned for remaking their businesses on the fly, none compares to the scale of the transformations underway at Microsoft (MSFT.O), opens new tab and other software giants that historically steered clear […]
Lutnick Says US-China Trade Truce Signed, 10 Deals Imminent
By Jennifer A. Dlouhy, Kailey Leinz and Joe Mathieu 06/26/2025 23:17:07 [BN] Summary by Bloomberg AI The US and China have finalized a trade understanding reached last month in Geneva, which includes China’s commitment to deliver rare earths used in various industries. The White House plans to reach agreements with 10 major trading partners, with President Donald Trump prepared to […]