China Spy Agency Accuses Foreign Agents of Stealing Rare Earths
Without naming any country, the Chinese Ministry of State Security accused foreign entities of orchestrating the trafficking of these items, which Beijing sees as a strategic asset and has used as a bargaining chip in tariff negotiations with Washington.
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Reddit set to report Q2 earnings as Wall Street scrutinizes daily active user growth
Reddit (RDDT) is set to report second quarter earnings after the bell Thursday as Wall Street scrutinizes how changes to Google Search's algorithm could affect the social media platform's daily active users, which fell below expectations in the US in the past two quarters. Wall Street analysts tracked by Bloomberg expect Reddit to report earnings per share of $0.72, up from last year's loss per share of $0.06. They project the company's second quarter revenue to hit $425 million, up 50% from the prior year, according to Bloomberg data. Analysts expect global daily active users to climb 20% from the prior year to roughly 110 million for the period and US users to rise more than 9% to 50.5 million. Reddit shares sank following its quarterly reports in February and May despite earnings and revenue beating Wall Street's expectations, as changes to Google (GOOG) Search's algorithm created volatility in traffic to the site. Google accounts for 40% to 50% of Reddit's traffic, according to JPMorgan analyst Doug Anmuth, who holds a Neutral rating on the stock. Investors are concerned that Reddit's global daily active user growth is slowing. Daily active users (DAUs) increased 47% in the third quarter of 2024, 39% in the fourth quarter, and 31% in the first quarter of 2025. Following Reddit's first quarter results on May 1, CEO Steve Huffman spoke about the issue, saying that "given that the search ecosystem is under heavy construction, the near term could be more bumpy than usual." "[W]e expect the market to focus on the DAU trajectory, even if RDDT delivers another material beat on Revenue/EBITDA," Jefferies analyst John Colantuoni wrote in a note to investors Monday, maintaining his Buy rating on Reddit stock. Reddit shares have partly recovered losses earlier in the year, climbing roughly 70% from the stock's low of about $87 in early April. The stock spiked in June after the company launched new AI ad tools for marketers at the Cannes Lions Festival. Still, Reddit trades far below the highs above $220 seen in February before its fourth quarter earnings report, and shares are down nearly 10% in 2025. Analysts at Needham, Deutsche Bank, Jefferies, and Raymond James reiterated their Buy ratings on the stock in notes to clients in the days leading up to Reddit's report, as concerns over volatility in its traffic waned. "The bear case (that Google Search will no longer send traffic to RDDT) is not playing out," Needham analyst Laura Martin wrote. She added: "AI-driven ad tools ... suggest RDDT is already monetizing GenAI." Meanwhile, Jefferies' Colantuoni, citing web traffic data, said in a note that daily active user growth stabilized in the past three months after decelerating throughout the first quarter. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump says US and Pakistan have concluded a trade deal
By Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which Washington will work with Islamabad in developing the South Asian nation's oil reserves. "We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," Trump wrote on social media. "We are in the process of choosing the Oil Company that will lead this Partnership." Trump's social media post did not provide further details on the deal between the U.S. and Pakistan. The Pakistani embassy in Washington had no immediate comment. Last week, Pakistani Foreign Minister Ishaq Dar said the United States and Pakistan were "very close" to a trade deal that could come within days, after he met with Secretary of State Marco Rubio on Friday. Under Trump, Washington has attempted to renegotiate trade agreements with many countries that he threatened with tariffs over what he calls unfair trade relations. Many economists dispute Trump's characterization. The U.S. State Department and Pakistan's foreign ministry, in separate statements after Rubio's meeting with Dar, said last week the two top diplomats stressed in their discussion the importance of expanding trade and ties in critical minerals and mining. "Our teams have been here in Washington discussing, having virtual meetings and a committee has been tasked by the prime minister to fine tune now," Dar said last week about U.S.-Pakistan talks.
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Earnings live: Microsoft, Meta stocks surge; Robinhood beats; Ford warns on tariff exposure
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors will be treated to another flurry of quarterly results from Big Tech companies, including Microsoft (MSFT), Apple (AAPL), Meta (META), and Amazon (AMZN). This week's reports also include updates from Spotify (SPOT), Ford (F), Procter & Gamble (PG), Boeing (BA), Starbucks (SBUX), and Qualcomm (QCOM), among others. Data from FactSet published Friday showed that with 34% of the index having reported results, analysts expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. Ford reports Q2 earnings beat but takes $800M tariff hit Ford (F) posted an earnings and revenue beat for the second quarter and reinstated full-year guidance. However, the automaker upped its full-year tariff exposure after seeing $800 million in tariff costs in Q2 alone. Yahoo Finance's Pras Subramanian reports: Read more here. Robinhood Q2 results likely boosted by strong trading activity Robinhood (HOOD) reported strong results as market volatility and the return of meme stocks fueled investor activity on the platform. Options contracts traded on Robinhood increased 32% year over year to a record 515 million, the company said. The company also appeared to benefit from new product launches, including tokenized stocks. For the quarter, Robinhood's net revenue was $989 million, versus the Street's estimate of $921.5 million, per Bloomberg consensus data. Earnings per share came in at $0.42, higher than the $0.34 per share estimated. Robinhood stock oscillated after hours as investors digested the results. Shares have been on a tear this year — up 185% year to date — largely driven by crypto and AI hype. Meta beats Q2 expectations, stock jumps on better than anticipated Q3 outlook Facebook parent Meta (META) outperformed expectations in the June quarter and offered a better than expected outlook for Q3 as investors search for clarity on the company's Superintelligence and AI strategy. Revenue of $47.5 billion surpassed analyst expectations for $44.83 billion, according to Bloomberg consensus estimates. During the same period last year, Meta brought in revenue of $39.07 billion. For the quarter, the company saw earnings per share of $7.14, compared to estimates of $5.89 and EPS of $5.16 last year. Advertising revenue was $46.5 billion, compared to an expected $44.07 billion. The company's Reality Labs segment lost $4.5 billion, compared to expectations of a $4.8 billion loss. For the third quarter, Meta forecast revenue of $47.5 billion to $50 billion, higher than the Street's estimate of $46.5 billion. Meta stock surged 10% after hours. Meta's results come as the company has supercharged its artificial hiring and spending spree. On Friday, CEO Mark Zuckerberg named former OpenAI ( researcher Shengjia Zhao as chief scientist of Meta's Superintelligence Lab. Read more here. Microsoft posts Q4 beat on top and bottom lines on cloud, AI strength Microsoft (MSFT) stock climbed 6% after hours after the tech giant posted strong earnings and cloud strength. Here's what Microsoft reported compared to consensus estimates compiled by Bloomberg: Yahoo Finance's Dan Howley reports that Intelligent Cloud segment revenue, which includes Microsoft's Azure business, topped out at $29.8 billion. Analysts were looking for $29.09 billion. Read more here. Earnings are driving the Big Tech rally Yahoo Finance's Josh Schafer writes: Read Yahoo Finance's Chartbook here. GE HealthCare results beat estimates, company sees diminished tariff impact GE HealthCare Technologies (GEHC) said on Wednesday that tariffs have a lower impact than it previously expected, which helped the company boost its full-year forecast. Per Reuters, the company expects adjusted profit of $4.43 to $4.63 per share for 2025, compared with its previous range of $3.90 to $4.10 per share. The forecast includes a $0.45 per share hit from tariffs, which is lower than the $0.85 per share, or $500 million, impact it guided to in April. Revenue and earnings also beat expectations. Earnings were $1.06 per share, including a $0.06 hit from tariffs, and revenue of $5.01 billion. Here's a detailed look at revenue growth across GE HealthCare's segments: Read more here or listen to the earnings call live here. Garmin stock rises after the company raised its full-year outlook Reuters reports: Read more here. Etsy beats quarterly revenue estimates on strong demand Etsy (ETSY) stock gained 6% in premarket trading after the company's quarterly results showed it was largely able to withstand a slowdown in consumer spending. Reuters reports: Read more here. Hershey lowers earnings guidance Hershey (HSY) lowered its full-year earnings guidance on Wednesday, reflecting the effects of tariffs for the rest of the year. The chocolate maker expects its adjusted earnings per share to fall 36% to 38% this year, compared to its prior forecast of earnings declining in the mid-30% range. Hershey also said that its tariff expenses for the full year will be approximately $170 million to $180 million. The company's top- and bottom-line results beat Wall Street estimates, according to S&P Global Market Intelligence: Hershey's earnings call begins at 8:15 a.m. ET. You can listen to it here. Harley-Davidson posts lower second-quarter profit as tariffs weigh Harley-Davidson (HOG) stock rose 8% premarket on Wednesday, despite reporting lower second-quarter profit and not providing an annual forecast. The motorcycle company did announce a new partnership with KKR (KKR) and Pimco (PDI). Reuters reports: Read more here. Kraft Heinz beats quarterly revenue estimates on steady US demand Reuters reports: Insurer Humana raises annual profit forecast, shares climb Humana (HUM) stock rose 7% on Wednesday before the bell after the health insurance group raised its annual profit forecast. Reuters reports: Read more here. Vans parent VF Corp beats quarterly revenue estimates on improving demand Vans parent group, VF Corp (VFC) beat first-quarter revenue estimates on Wednesday. Aided by an uptick in demand for its apparel and footwear products, the company's stock rose 15% in premarket trading. Reuters reports: Read more here. Seagate forecasts first-quarter revenue and profit below estimates, shares slump Seagate (STX) stock fell more than 6% premarket on Wednesday after the company's first-quarter revenue fell slightly below Wall Street expectations the day prior. Reuters reports: Read more here. Meta and Microsoft are set to kick off this week's Big Tech earnings Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft. Visa profit rises on resilient consumer spending Reuters reports: The stock was down in early after-hours trading, however. Read more here. Starbucks reports 6th straight US sales decline as CEO Brian Niccol continues turnaround efforts Starbucks (SBUX) reported a sixth-straight quarterly drop in US same-store sales on Tuesday. The company continues to grapple with an uncertain consumer environment as CEO Brian Niccol continues his turnaround efforts at the coffee giant. US same-store sales fell 2%, in line with the prior quarter's drop but less than the 2.5% drop that had been forecast. That was driven lower by a 4% decline in comparable transactions. Wall Street expected a sharper 4.5% decline. Global same-store sales fell 2%, more than the 1.5% decline expected, per Bloomberg data, marking an acceleration from the previous quarter's 1% drop. CEO Brian Niccol said in the release the company has "fixed a lot and done the hard work on the hard things to build a strong operating foundation, and based on my experience of turnarounds, we are ahead of schedule." Read more here. Royal Caribbean lifts annual profit forecast on steady cruise demand Royal Caribbean's (RCL) stock fell 8% on Tuesday after the cruise line forecast its current-quarter profit below estimates. The company raised its annual forecast and is banking on resilient demand for its luxury destinations. Reuters reports: Read more here. Starbucks set to report 6th straight US sales decline amid turnaround efforts Starbucks (SBUX) will report second quarter earnings after the bell on Tuesday, and the company faces several headwinds as it looks to gain traction on its turnaround efforts and as consumers pull back on coffee purchases. Same-store sales are expected to decline once again, despite new CEO Brian Niccol's initiatives and cost-cutting efforts. Yahoo Finance's Brooke DiPalma previews what Wall Street is watching for: Read more here. Stellantis to absorb $1.7 billion in tariff costs in 2025 Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. Ford reports Q2 earnings beat but takes $800M tariff hit Ford (F) posted an earnings and revenue beat for the second quarter and reinstated full-year guidance. However, the automaker upped its full-year tariff exposure after seeing $800 million in tariff costs in Q2 alone. Yahoo Finance's Pras Subramanian reports: Read more here. Ford (F) posted an earnings and revenue beat for the second quarter and reinstated full-year guidance. However, the automaker upped its full-year tariff exposure after seeing $800 million in tariff costs in Q2 alone. Yahoo Finance's Pras Subramanian reports: Read more here. Robinhood Q2 results likely boosted by strong trading activity Robinhood (HOOD) reported strong results as market volatility and the return of meme stocks fueled investor activity on the platform. Options contracts traded on Robinhood increased 32% year over year to a record 515 million, the company said. The company also appeared to benefit from new product launches, including tokenized stocks. For the quarter, Robinhood's net revenue was $989 million, versus the Street's estimate of $921.5 million, per Bloomberg consensus data. Earnings per share came in at $0.42, higher than the $0.34 per share estimated. Robinhood stock oscillated after hours as investors digested the results. Shares have been on a tear this year — up 185% year to date — largely driven by crypto and AI hype. Robinhood (HOOD) reported strong results as market volatility and the return of meme stocks fueled investor activity on the platform. Options contracts traded on Robinhood increased 32% year over year to a record 515 million, the company said. The company also appeared to benefit from new product launches, including tokenized stocks. For the quarter, Robinhood's net revenue was $989 million, versus the Street's estimate of $921.5 million, per Bloomberg consensus data. Earnings per share came in at $0.42, higher than the $0.34 per share estimated. Robinhood stock oscillated after hours as investors digested the results. Shares have been on a tear this year — up 185% year to date — largely driven by crypto and AI hype. Meta beats Q2 expectations, stock jumps on better than anticipated Q3 outlook Facebook parent Meta (META) outperformed expectations in the June quarter and offered a better than expected outlook for Q3 as investors search for clarity on the company's Superintelligence and AI strategy. Revenue of $47.5 billion surpassed analyst expectations for $44.83 billion, according to Bloomberg consensus estimates. During the same period last year, Meta brought in revenue of $39.07 billion. For the quarter, the company saw earnings per share of $7.14, compared to estimates of $5.89 and EPS of $5.16 last year. Advertising revenue was $46.5 billion, compared to an expected $44.07 billion. The company's Reality Labs segment lost $4.5 billion, compared to expectations of a $4.8 billion loss. For the third quarter, Meta forecast revenue of $47.5 billion to $50 billion, higher than the Street's estimate of $46.5 billion. Meta stock surged 10% after hours. Meta's results come as the company has supercharged its artificial hiring and spending spree. On Friday, CEO Mark Zuckerberg named former OpenAI ( researcher Shengjia Zhao as chief scientist of Meta's Superintelligence Lab. Read more here. Facebook parent Meta (META) outperformed expectations in the June quarter and offered a better than expected outlook for Q3 as investors search for clarity on the company's Superintelligence and AI strategy. Revenue of $47.5 billion surpassed analyst expectations for $44.83 billion, according to Bloomberg consensus estimates. During the same period last year, Meta brought in revenue of $39.07 billion. For the quarter, the company saw earnings per share of $7.14, compared to estimates of $5.89 and EPS of $5.16 last year. Advertising revenue was $46.5 billion, compared to an expected $44.07 billion. The company's Reality Labs segment lost $4.5 billion, compared to expectations of a $4.8 billion loss. For the third quarter, Meta forecast revenue of $47.5 billion to $50 billion, higher than the Street's estimate of $46.5 billion. Meta stock surged 10% after hours. Meta's results come as the company has supercharged its artificial hiring and spending spree. On Friday, CEO Mark Zuckerberg named former OpenAI ( researcher Shengjia Zhao as chief scientist of Meta's Superintelligence Lab. Read more here. Microsoft posts Q4 beat on top and bottom lines on cloud, AI strength Microsoft (MSFT) stock climbed 6% after hours after the tech giant posted strong earnings and cloud strength. Here's what Microsoft reported compared to consensus estimates compiled by Bloomberg: Yahoo Finance's Dan Howley reports that Intelligent Cloud segment revenue, which includes Microsoft's Azure business, topped out at $29.8 billion. Analysts were looking for $29.09 billion. Read more here. Microsoft (MSFT) stock climbed 6% after hours after the tech giant posted strong earnings and cloud strength. Here's what Microsoft reported compared to consensus estimates compiled by Bloomberg: Yahoo Finance's Dan Howley reports that Intelligent Cloud segment revenue, which includes Microsoft's Azure business, topped out at $29.8 billion. Analysts were looking for $29.09 billion. Read more here. Earnings are driving the Big Tech rally Yahoo Finance's Josh Schafer writes: Read Yahoo Finance's Chartbook here. Yahoo Finance's Josh Schafer writes: Read Yahoo Finance's Chartbook here. GE HealthCare results beat estimates, company sees diminished tariff impact GE HealthCare Technologies (GEHC) said on Wednesday that tariffs have a lower impact than it previously expected, which helped the company boost its full-year forecast. Per Reuters, the company expects adjusted profit of $4.43 to $4.63 per share for 2025, compared with its previous range of $3.90 to $4.10 per share. The forecast includes a $0.45 per share hit from tariffs, which is lower than the $0.85 per share, or $500 million, impact it guided to in April. Revenue and earnings also beat expectations. Earnings were $1.06 per share, including a $0.06 hit from tariffs, and revenue of $5.01 billion. Here's a detailed look at revenue growth across GE HealthCare's segments: Read more here or listen to the earnings call live here. GE HealthCare Technologies (GEHC) said on Wednesday that tariffs have a lower impact than it previously expected, which helped the company boost its full-year forecast. Per Reuters, the company expects adjusted profit of $4.43 to $4.63 per share for 2025, compared with its previous range of $3.90 to $4.10 per share. The forecast includes a $0.45 per share hit from tariffs, which is lower than the $0.85 per share, or $500 million, impact it guided to in April. Revenue and earnings also beat expectations. Earnings were $1.06 per share, including a $0.06 hit from tariffs, and revenue of $5.01 billion. Here's a detailed look at revenue growth across GE HealthCare's segments: Read more here or listen to the earnings call live here. Garmin stock rises after the company raised its full-year outlook Reuters reports: Read more here. Reuters reports: Read more here. Etsy beats quarterly revenue estimates on strong demand Etsy (ETSY) stock gained 6% in premarket trading after the company's quarterly results showed it was largely able to withstand a slowdown in consumer spending. Reuters reports: Read more here. Etsy (ETSY) stock gained 6% in premarket trading after the company's quarterly results showed it was largely able to withstand a slowdown in consumer spending. Reuters reports: Read more here. Hershey lowers earnings guidance Hershey (HSY) lowered its full-year earnings guidance on Wednesday, reflecting the effects of tariffs for the rest of the year. The chocolate maker expects its adjusted earnings per share to fall 36% to 38% this year, compared to its prior forecast of earnings declining in the mid-30% range. Hershey also said that its tariff expenses for the full year will be approximately $170 million to $180 million. The company's top- and bottom-line results beat Wall Street estimates, according to S&P Global Market Intelligence: Hershey's earnings call begins at 8:15 a.m. ET. You can listen to it here. Hershey (HSY) lowered its full-year earnings guidance on Wednesday, reflecting the effects of tariffs for the rest of the year. The chocolate maker expects its adjusted earnings per share to fall 36% to 38% this year, compared to its prior forecast of earnings declining in the mid-30% range. Hershey also said that its tariff expenses for the full year will be approximately $170 million to $180 million. The company's top- and bottom-line results beat Wall Street estimates, according to S&P Global Market Intelligence: Hershey's earnings call begins at 8:15 a.m. ET. You can listen to it here. Harley-Davidson posts lower second-quarter profit as tariffs weigh Harley-Davidson (HOG) stock rose 8% premarket on Wednesday, despite reporting lower second-quarter profit and not providing an annual forecast. The motorcycle company did announce a new partnership with KKR (KKR) and Pimco (PDI). Reuters reports: Read more here. Harley-Davidson (HOG) stock rose 8% premarket on Wednesday, despite reporting lower second-quarter profit and not providing an annual forecast. The motorcycle company did announce a new partnership with KKR (KKR) and Pimco (PDI). Reuters reports: Read more here. Kraft Heinz beats quarterly revenue estimates on steady US demand Reuters reports: Reuters reports: Insurer Humana raises annual profit forecast, shares climb Humana (HUM) stock rose 7% on Wednesday before the bell after the health insurance group raised its annual profit forecast. Reuters reports: Read more here. Humana (HUM) stock rose 7% on Wednesday before the bell after the health insurance group raised its annual profit forecast. Reuters reports: Read more here. Vans parent VF Corp beats quarterly revenue estimates on improving demand Vans parent group, VF Corp (VFC) beat first-quarter revenue estimates on Wednesday. Aided by an uptick in demand for its apparel and footwear products, the company's stock rose 15% in premarket trading. Reuters reports: Read more here. Vans parent group, VF Corp (VFC) beat first-quarter revenue estimates on Wednesday. Aided by an uptick in demand for its apparel and footwear products, the company's stock rose 15% in premarket trading. Reuters reports: Read more here. Seagate forecasts first-quarter revenue and profit below estimates, shares slump Seagate (STX) stock fell more than 6% premarket on Wednesday after the company's first-quarter revenue fell slightly below Wall Street expectations the day prior. Reuters reports: Read more here. Seagate (STX) stock fell more than 6% premarket on Wednesday after the company's first-quarter revenue fell slightly below Wall Street expectations the day prior. Reuters reports: Read more here. Meta and Microsoft are set to kick off this week's Big Tech earnings Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft. Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft. Visa profit rises on resilient consumer spending Reuters reports: The stock was down in early after-hours trading, however. Read more here. Reuters reports: The stock was down in early after-hours trading, however. Read more here. Starbucks reports 6th straight US sales decline as CEO Brian Niccol continues turnaround efforts Starbucks (SBUX) reported a sixth-straight quarterly drop in US same-store sales on Tuesday. The company continues to grapple with an uncertain consumer environment as CEO Brian Niccol continues his turnaround efforts at the coffee giant. US same-store sales fell 2%, in line with the prior quarter's drop but less than the 2.5% drop that had been forecast. That was driven lower by a 4% decline in comparable transactions. Wall Street expected a sharper 4.5% decline. Global same-store sales fell 2%, more than the 1.5% decline expected, per Bloomberg data, marking an acceleration from the previous quarter's 1% drop. CEO Brian Niccol said in the release the company has "fixed a lot and done the hard work on the hard things to build a strong operating foundation, and based on my experience of turnarounds, we are ahead of schedule." Read more here. Starbucks (SBUX) reported a sixth-straight quarterly drop in US same-store sales on Tuesday. The company continues to grapple with an uncertain consumer environment as CEO Brian Niccol continues his turnaround efforts at the coffee giant. US same-store sales fell 2%, in line with the prior quarter's drop but less than the 2.5% drop that had been forecast. That was driven lower by a 4% decline in comparable transactions. Wall Street expected a sharper 4.5% decline. Global same-store sales fell 2%, more than the 1.5% decline expected, per Bloomberg data, marking an acceleration from the previous quarter's 1% drop. CEO Brian Niccol said in the release the company has "fixed a lot and done the hard work on the hard things to build a strong operating foundation, and based on my experience of turnarounds, we are ahead of schedule." Read more here. Royal Caribbean lifts annual profit forecast on steady cruise demand Royal Caribbean's (RCL) stock fell 8% on Tuesday after the cruise line forecast its current-quarter profit below estimates. The company raised its annual forecast and is banking on resilient demand for its luxury destinations. Reuters reports: Read more here. Royal Caribbean's (RCL) stock fell 8% on Tuesday after the cruise line forecast its current-quarter profit below estimates. The company raised its annual forecast and is banking on resilient demand for its luxury destinations. Reuters reports: Read more here. Starbucks set to report 6th straight US sales decline amid turnaround efforts Starbucks (SBUX) will report second quarter earnings after the bell on Tuesday, and the company faces several headwinds as it looks to gain traction on its turnaround efforts and as consumers pull back on coffee purchases. Same-store sales are expected to decline once again, despite new CEO Brian Niccol's initiatives and cost-cutting efforts. Yahoo Finance's Brooke DiPalma previews what Wall Street is watching for: Read more here. Starbucks (SBUX) will report second quarter earnings after the bell on Tuesday, and the company faces several headwinds as it looks to gain traction on its turnaround efforts and as consumers pull back on coffee purchases. Same-store sales are expected to decline once again, despite new CEO Brian Niccol's initiatives and cost-cutting efforts. Yahoo Finance's Brooke DiPalma previews what Wall Street is watching for: Read more here. Stellantis to absorb $1.7 billion in tariff costs in 2025 Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. Sign in to access your portfolio
