Trump’s global tariffs have been locked in: Who is winning and who is losing?
President Donald Trump’s new round of global tariffs is causing major economic changes. This is who gets it and who gets the biggest hit.
US stock futures are high as investors scrutinize separate batches of revenue.
After the end, automaker Libian, SkyWorks Solutions, social media company Snap, semiconductor giants AMD, Opendor, Arista Network and Super Micro were among the companies that reported quarterly results.
At 6:10am on ET, futures linked to the Blue Chip Dow rose 0.31%, while the Broad S&P 500 futures added 0.22%, while the high-tech Nasdaq futures rose 0.04%.
Corporate News
- AMD missed second quarter earnings per share, even if sales broke forecasts.
- Libian reported wider second quarter losses per share more broadly, but sales exceeded estimates. We also expect to see higher annual adjusted core losses than previously predicted.
- SNAP just missed its second quarter sales estimate and reported a decline in global average revenue per user.
- Opendoor reported better results in the second quarter than a year ago, but warned of a decline in revenue this quarter.
- Toast said it has EBITDA and revenue adjusted in its second quarter beet estimate.
- The results of the Super Micro have missed expectations for the last three months of the fiscal year. The company’s guidance on adjusted earnings per share for the current quarter has also fallen below forecast.
- Lucid missed its second quarter estimate and trimmed its annual production forecast.
- Disney’s ESPN will purchase NFL networks and other media assets from the league in exchange for the NFL’s acquisition of 10% stake in the sports network.
Cryptocurrency
The Securities and Exchange Commission said liquid staking activities are not securities under federal law.
Liquid Staking refers to the process of staking crypto assets through a third party, receiving “Liquid Staking Receide Tokens” and showing the ownership of the staker’s staker and the rewards accumulated on them.
Medora Lee is a money, market and personal finance reporter for USA Today. You can contact her at mjlee@usatoday.com and subscribe to our free daily money newsletter for personal finance tips and business news every Monday to Friday morning.
