News
HSBC reports first-half profit slump of 26%
Today, HSBC Holdings reported a 26% decline in first-half pretax profit, significantly missing analyst estimates. According to the company, in...
Union Pacific and Norfolk merge in $85-billion transcontinental railroad deal
Today, Union Pacific Corporation and Norfolk Southern Corporation announced an $85-billion agreement to create America’s first transcontinental railroad. The company's...
Census Bureau reports narrowing U.S. trade deficit
According to the Advance Economic Indicators Report by the Commerce Department's Census Bureau, the U.S. trade deficit in goods decreased...
Boeing CEO says 2025 ‘our turnaround year’
Today, Boeing reported second quarter revenue of $22.7 billion, a 35% increase from last year. The company also posted a loss of...
Japan: Only 1%-2% of $550 billion U.S. deal is investment
Japan's chief negotiator Ryosei Akazawa announced that Japan expects only 1% to 2% of its recently agreed $550 billion U.S....
US-EU trade agreement announced
President Trump and European Commission President Ursula von der Leyen announced that the U.S. and EU have agreed on a...
Tesla and Samsung sign $16.5 billion chip deal
Tesla CEO Elon Musk announced today that his company has signed a $16.5 billion deal to source chips from Samsung...
Tesla to launch Robotaxis in San Francisco this weekend
According to an internal staff memo, Tesla is preparing to launch its robotaxi service in San Francisco this weekend. Although...
Volkswagen takes $1.5 billion tariff hit, lowers guidance
Today, Germany’s leading auto manufacturer downgraded its annual outlook and announced a significant decline in second-quarter profits, as it contends...
US-Japan trade deal already under pressure
After sealing a deal to impose a 15% tariff on imported goods starting August 1 and securing a $550 billion...
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