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The Latest Breaking News on Business

General Motors reported Tuesday that second-quarter profits tumbled by more than a third due to tariffs as it confirmed its full-year forecast.

International Business Times

This Early Retiree Thought His Friends Would Be Happy For Him, And How Much He Saved Up. Instead, They Just Repeated, 'It's Not Fair'

After 36 years in the workforce, a 57-year-old man finally hit his goal: early retirement. To celebrate, he and his wife hosted a summer barbecue in their backyard with friends and neighbors of a similar age. That evening took a sour turn.

Benzinga

GM Took a $1.1 Billion Hit in Profits Thanks to Tariffs

General Motors on Tuesday released its financial results for the second quarter of 2025, revealing a $1.1-billion drop in revenue year-over-year. The drop was blamed squarely on tariffs, with the company expecting even more revenue shortfalls as the year goes on.

Motor1

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US Treasury Chief Eyes China Tariff Deadline Extension In Talks Next Week

US Treasury Secretary Scott Bessent said Tuesday that he would meet his Chinese counterparts in Stockholm next week for tariff talks, eyeing an extension to a mid-August deadline for levies to snap back to steeper levels.

International Business Times

Sarepta shares slide again as drugmaker bows to FDA pressure to pause gene therapy

Sarepta Therapeutics is pausing shipments of its gene therapy for muscular dystrophy following several patient deaths that have attracted attention from regulators

The Independent UK

Missile Wins Can't Offset Margin Collapse, Lockheed Martin Tumbles After Q2 Report

Lockheed Martin Corp. (NYSE:LMT) shares traded lower Tuesday after the defense giant delivered mixed second-quarter 2025 results.

Benzinga

What to Expect From Coterra Energy's Q2 2025 Earnings Report

Coterra Energy is expected to release its fiscal second-quarter earnings next month, and analysts project a double-digit profit growth.

Barchart

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Here's What to Expect From Federal Realty Investment's Next Earnings Report

Federal Realty Investment will release its second-quarter earnings next month, and analysts anticipate a single-digit FFO growth.

Barchart

General Motors Faces Tariffs Heat, Margins Shrink

General Motors Company slumped in Tuesday’s premarket session after reporting a sharp drop in adjusted EBIT margins to 6.4% and a whopping $1.1 billion tariff headwind.

Benzinga

Sherwin-Williams Falls As Q2 Profit Disappoints, Forecasts Trimmed With No Quick Demand Rebound In Sight

Could a fresh coat of paint be losing its luster in the financial world? As Sherwin-Williams Co (NYSE:SHW) faces a surprising dip in its stock despite surpassing revenue expectations, the real story might be hidden in the fine print of its earnings report.

Benzinga

Lockheed Martin Tumbles On Earnings. Here's Why.

Lockheed Martin posts major earnings miss. Northrop Grumman lifts outlook. RTX cut its earnings forecast.

Investors Business Daily

GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May

General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May

The Independent UK

Jeep maker Stellantis donated $1 million to Trump, now facing Trump tariffs loss of $2.7 billion

Did they think it would buy them some favors?!

We Got This Covered

Ventas Earnings Preview: What to Expect

Ventas is slated to report its second-quarter results next week, with analysts expecting a measured, single-digit growth in earnings.

Barchart

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Euronews

AstraZeneca pledges $50bn investment in the US amid 200% tariff fears

British-Swedish pharmaceutical company AstraZeneca is expanding its presence in the US in a bid to boost sales in its largest market.

Fortune

$61.5 billion tech giant Anthropic has made a major hiring U-turn—now, it's letting job applicants use AI months after banning it from the interview process

Job seekers hoping to score a role at Anthropic can now refine their resumes, cover letters, and applications with AI—but there’s more catches.

The Independent UK

Here’s why Target is ending its long-running ‘price matching’ policy this month

Target’s policy matching of Amazon and Walmart prices to end on July 28 after more than a decade

Kiplinger

The Five Most Expensive States For Retirees (And How Much Extra You Need)

Outliving your retirement savings is a real fear, especially if you live in these four states and Washington, D.C.

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Barchart

JPMorgan Wants In on the Stablecoin Pie. Should You Buy JPM Stock First?

CEO Jamie Dimon is not jumping up and down with excitement, but the banking giant is still entering the stablecoin race.

Barchart

Nat-Gas Prices Sink on the Outlook for Cooler US Temps and Higher Gas Production

August Nymex natural gas (NGQ25 ) on Monday closed down -0.240 (-6.73%). Aug nat-gas prices plunged to a 1-week low Monday on the outlook for cooler US temperatures, which will curb nat-gas demand from electricity providers to provide increased air-conditioning usage. Forecaster Vaisala said forecasts shifted cooler in the West...

Motor1

Big Surprise: Stellantis Is Set to Lose Insane Amounts of Money Over Tariffs

Stellantis, parent company for industry giants like Jeep, Dodge, and Ram, made the bold move to suspend its full-year financial guidance back in April, citing uncertainties regarding tariffs. On Monday, the company revealed some preliminary estimates for the first half of 2025, now that the tariffs have begun to take…

Benzinga

Wayfair Poised For Q2 Sales Beat On Strong Inventory, Vendor Promotions

Wayfair (NYSE:W) is gearing up to release its second-quarter earnings before the market opens on August 4, with expectations of surpassing Street estimates for both sales and profitability.

Barchart

Soybean Futures Double Digits Lower in Midday Monday Action

Soybeans are showing 13 to 15 cent per bushel losses at midday on Monday, vs. the Friday settlements. Beans had posted Friday gains of 6 to 9 cents Preliminary open interest was up 1,214 contracts on Friday, suggesting a rotation of ownership. The cmdtyView national average new crop Cash Bean...

Benzinga

Netflix's Profits Clash With Peaking Business Concerns, Driving Interest In Direxion's NFLX Bull And Bear Funds

Content streaming juggernaut Netflix Inc. (NASDAQ:NFLX) continues to set expectations ablaze, thereby seemingly justifying its market performance this year. Last week, the media giant posted second-quarter financial results that exceeded analysts' expectations. In fact, the company's net profit of $3.1 billion represented a fresh record. However, the volatility of NFLX…

The Independent UK

It wasn’t hackers: Alaska Airlines reveals IT outage was caused by a critical piece of hardware failing

As a result of the system paralysis, Alaska Airlines requested a system-wide ground stop for its aircraft

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