GM's Q2 profit fell 32% to $3B, hit by $1.1B in tariffs. It warns Q3 will be worse, with trade headwinds possibly costing $4–5B, though 30% may be offset.
Swiss bank Julius Baer reports, half-year profit down 35%, but net new money doubled to CHF 7.9 bn.
JPMorgan is exploring loans backed by clients' Bitcoin and Ether holdings as part of its next-year crypto push.
Ether Machine, backed by Ethereum giants, plans a $1.6B Nasdaq debut to become a key investment vehicle for Ether.
China banned a Wells Fargo banker from leaving the country due to a criminal probe, adding to U.S.-China tensions.
Brazil may miss the Aug. 1 deadline for a U.S. trade deal, risking tariffs on exports if talks fail.
U.S. Treasury's Bessent pushes to scrap dual capital rules, calling current bank regulations too complex.
Swiss bank deposits hit 15-month high, fueling talk that the central bank may intervene to weaken the franc.
Kraft Heinz may spin off slower-growing brands like Velveeta into a $20B entity—a bold move to revive growth after its troubled 2015 merger.
UK consumer confidence fell for the first time in nearly 3 years, dropping 2.6 points to 10.4% in Q2, as job security concerns rise.
China's antimony and germanium exports fell 88% and 95% since January amid a smuggling crackdown led by its top spy agency. Both are key tech and defense minerals.
Microsoft warns of active attacks on server software used by agencies and businesses; urges urgent updates. FBI is investigating with partners.
China's Ottawa embassy slammed Canada's new steel duties as WTO violations, saying they harm global trade, despite a recent deal to mend ties.
Ryanair will keep its MAX 10 orders for 2027 after Boeing assured on-time delivery, avoiding a switch to smaller MAX 8-200s, CEO O'Leary said Monday.
The GOP-led House passed Trump's $9B cut to public media and foreign aid, excluding $400M for HIV/AIDS program. Bill heads to the White House to be signed.
Sticky inflation and a strong job market prompt Wall Street to drop forecasts for a September Bank of England rate cut after UK inflation rises to 3.6% in June.
Champagne makers seek new markets like Brazil and Asia after Trump threatens 30% tariffs on EU goods. U.S. is top buyer, and tariffs may raise prices, cost jobs.
Chevron can move ahead with its $53B Hess deal after beating Exxon in court, giving it access to a major oil find and boosting CEO Mike Wirth's turnaround plan.
Novartis raised its 2025 outlook, now expecting core profit to grow in the low teens, boosted by strong Q2 sales of key drugs like breast cancer treatment Kisqali.
Walmart Mexico Q2 profit dropped 10%, missing forecasts, as weak consumer spending slowed recovery, despite an 8% rise in sales.
Japan, U.S. held 45-min call on tariffs; reaffirmed positions and vowed to continue dialogue, Japan's government said Thursday.
S&P downgrades Nippon Steel to 'BBB' from 'BBB+' with negative outlook, citing debt strain from its U.S. Steel acquisition and expected weak finances.
German FM Lars Klingbeil slammed the EU's budget plan, calling its corporate tax proposal the "wrong signal" for attracting investment to Germany and Europe.
ABB reported record Q2 orders, driven by 37% U.S. growth and strong demand for data center tech supporting AI. Total group orders rose 14%.