Ford will invest $5B in EVs, including a low-cost electric pickup, adding or securing 4,000 U.S. jobs in a move it calls the company's "next Model T moment."
U.S. consumer prices likely rose moderately in July, but tariffs may have pushed core inflation to its biggest gain in 6 months, amid BLS data quality concerns.
The U.S. and China extended their tariff truce by 90 days, delaying higher duties as Trump signed an order pushing them to Nov. 10, easing holiday trade fears.
Australia's central bank cut rates to 3.60%, a 2-year low, citing slower inflation and a looser job market, while signaling caution on further easing.
Paramount will be the exclusive U.S. home of UFC from 2026 under a $7.7B, 7-year deal with TKO. Shares rose 4.2% in premarket trading.
Nvidia and AMD will give 15% of China chip sales to the U.S. government as Nvidia plans to resume H20 chip deliveries after April's sales ban.
Citigroup raised its S&P 500 year-end target to 6,600, citing Trump's tax and spending plans. It's the second hike in two months, echoing other major banks.
SoftBank has tapped Goldman Sachs, JPMorgan, Mizuho, and Morgan Stanley to prepare a potential U.S. IPO for its Japanese payments app PayPay, sources say.
Bill Ackman suggests merging Fannie Mae and Freddie Mac to cut mortgage rates and boost efficiency, as Trump eyes their IPO later this year.
Best Buy plans to boost staff at its India tech center by over 40%, growing from 350 to 500–550 as it taps into the country's expanding tech talent pool.
Trump signed an order to allow more private equity, crypto, and other alternative assets in 401(k)s, aiming for higher returns but raising risk and fee concerns.
J.P. Morgan now sees a 25bps Fed rate cut in September, citing job market weakness and uncertainty over Trump's Fed pick, with 3 more cuts expected after.
Prudential Financial settled for $100M over FTC charges that its Assurance IQ unit misled consumers on healthcare coverage. Assurance was shut down last year.
Maersk raised its full-year profit forecast as container demand beats trade dispute fears, expecting 2-4% volume growth in 2025 but slower in H2.
Spain dropped plans to buy U.S. F-35 jets and will choose between Europe's Eurofighter or Future Combat Air System.
United Airlines fixed a tech issue that caused flight groundings and delays on Wednesday. The team is working to restore normal operations, but some delays remain.
China's July exports beat forecasts as firms rushed shipments amid a tariff truce. Markets await a U.S.-China trade deal by Aug 12 to avoid steep new duties.
Trump announced Apple will invest an extra $100B in the U.S., raising its 4-year commitment to $600B, aiming to avoid tariffs and boost domestic growth.
SoftBank posted a $2.87B net profit in April–June, rebounding from a $1.2B loss last year and beating the $880M average analyst estimate.
GM and Hyundai plan to jointly develop 5 vehicles to cut costs, with 4 models set for 2028 launch in Latin America, offering both gas and hybrid options.
Brian Robbins steps down as Paramount Global co-CEO after its Skydance merger. David Ellison will lead the new company as CEO starting August 7.
Toyota will build a new factory in Toyota City, Japan, set to open in the early 2030s. Production models and other details are yet to be decided.
Uber launches $20B buyback, sees Q3 bookings beat estimates. Uber One members hit 36M, driving 1/3 of bookings and 3x more profit than single-service users.
McDonald's Q2 global same-store sales rose 3.8%, beating estimates of 2.4%, driven by value deals and strong U.S. and international demand.