Europeans demand Russia accept truce; Trump says he might join peace talks
The Kremlin declined to comment on whether Putin would take Zelensky up on his challenge, issued Sunday, to meet personally Thursday, and did not immediately respond to the suggestion that Trump might attend a summit of the leaders.
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But Trump, speaking to reporters at the White House, picked up on Zelensky's proposal, saying, 'Don't underestimate Thursday in Turkey.' He then suggested that he might alter his travel plans, which have him in the Middle East that day, and go to Turkey to take part in the meeting, depending on how the hoped-for talks go.
Secretary of State Marco Rubio has already announced plans to travel to Turkey this week to attend the informal NATO foreign ministers meeting scheduled there from Wednesday to Friday.
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The statements from Kyiv and Washington were the latest turn in an increasingly frenetic round of diplomatic brinkmanship, as the Trump administration grows frustrated by a lack of progress in its efforts to end the bloodiest conflict in Europe in generations.
Earlier Monday, European leaders leaned on Moscow to accept, by the end of the day, an unconditional 30-day truce that was first proposed by the United States in early March and immediately accepted by Ukraine, or face another round of punishing sanctions.
'The clock is ticking — we still have 12 hours until the end of this day,' a German government spokesperson, Stefan Kornelius, said at a news conference.
The Kremlin spokesperson brushed off the threat. 'The language of ultimatums is unacceptable — you cannot talk to Russia like this,' the spokesperson, Dmitry Peskov, told Russian news agencies.
Putin has so far rejected the cease-fire proposal, and over the weekend, he called instead for renewed negotiations between Russia and Ukraine, but not by their leaders. Ukrainian officials, their European allies and even, recently, Trump have questioned whether Putin really wants to end the war.
The offer to meet face to face was intended to make it clear that the 'the ball is in Moscow's court,' in effect calling Putin's bluff, Andriy Yermak, Zelensky's chief of staff, told Ukrainian news outlet RBC-Ukraine. Kyiv, he said, is accustomed to the Kremlin's stalling tactics.
'We won't give Russia reason to accuse us of sabotaging the peace process,' Yermak added.
Ukraine, along with its European allies, continued to insist Monday that the fighting needed to stop before serious negotiations could get underway.
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French President Emmanuel Macron said Kyiv had shown itself willing time and again to make concessions in order to begin the hard work of brokering a lasting peace.
'Either Russia — Mr. Putin — is serious and wants peace, or it's not serious and we have to impose even more sanctions,' Macron told reporters.
Britain's foreign secretary, David Lammy, told reporters in London that it was time for Russia to stop stalling. 'This is the time for Vladimir Putin to get serious about peace in Europe, to get serious about a cease-fire, and to get serious about talks,' he said.
When the leaders of France, Germany, Britain, and Poland traveled to Kyiv over the weekend to deliver that same message, they were careful to coordinate their efforts with the White House. They made clear that only agreeing to an unconditional cease-fire would spare Moscow additional sanctions targeting oil exports and banking — and said that the United States would also impose sanctions on Russia if Putin did not agree to a truce.
However, after Putin made a counteroffer of direct talks without mentioning a cease-fire, Trump urged the Ukrainians to take the meeting.
'Ukraine should agree to this, IMMEDIATELY,' Trump wrote Sunday in a statement on social media.
Zelensky responded swiftly, seemingly seeking to flip the script on the Russian leader by saying he agreed to negotiations in any format and that he would travel to Turkey to meet with Putin — personally.
This article originally appeared in
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- Yahoo
Stock market today: Dow slides, Nasdaq jumps to record as tariffs kick in, Trump nominates Fed board member
US stocks trimmed losses on Thursday after President Trump's sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. Meanwhile, Trump also previewed coming chip tariffs, suggesting a carveout could benefit Big Tech companies. The tech-heavy Nasdaq Composite (^IXIC) rose nearly 0.4% to close at a fresh record, while the S&P 500 (^GSPC) ended little changed. The Dow Jones Industrial Average (^DJI) slipped 0.4%. Stocks trimmed losses after Trump announced Stephen Miran, the current chairman of the Council of Economic Advisors will serve on the Federal Reserve Board of Governors until Jan 31, 2026, following Adriana Kugler's resignation last Friday. Trump's deadline for trade deals landed at 12:01 a.m. ET on Thursday. Imports from nearly 200 countries now face duties ranging from 10% to 50%, and the overall average effective tariff rate is projected to jump to 18.6%, according to the Yale Budget Lab, the highest since 1933. Read more: The latest on Trump's tariffs Meanwhile, Apple (AAPL) shares climbed Thursday as Trump and CEO Tim Cook announced the company would make a $100 billion investment in the US. As part of the deal, Apple will manufacture the cover glasses for iPhones and Apple Watches in Kentucky. At the same time, Trump's comments that he'd exempt some companies from his plans to place 100% duties on semiconductors gave tech stocks an overall boost for a second consecutive day. Nvidia (NVDA) stock rose around 0.7%. Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is "emerging as a top candidate" to serve as the central bank's next chair. Trump is expected to announce a replacement for departing Fed governor Adriana Kugler in the coming days. Meanwhile, another wave of earnings flooded in Thursday morning. The reports featured a tariff warning from Toyota (TM), which said in its first quarter results that the impact of US tariffs will be some $9.5 billion. Among other notable corporate giants to report, Eli Lilly's (LLY) disappointing results of its much-awaited oral GLP-1 pill trial sent the stock down 14% despite posting better-than-expected earnings for the second quarter. Also on Thursday, 1.974 million continuing claims for unemployment benefits were filed, reaching their highest level since November 2021. The state of the labor market is in high focus following a disappointing July jobs report and downbeat revisions to the May and June jobs reports. Trump chooses Stephen Miran to serve on Federal Reserve Board President Trump chose Stephen Miran, the current chairman of the Council of economic Advisors to serve on the Federal Reserve Board of Governors, after Adriana Kugler resigned last Friday. "It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026," Trump wrote on Truth Social. "In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!" Duolingo stock soars after earnings, forfeits roughly half its gains after OpenAI GPT-5 demo Yahoo Finance's Jake Conley reports: Read more here. Gold climbs on trade tensions, hopes of Fed rate cut Gold (GC=F) futures climbed on Thursday as tariffs on imports from nearly 200 countries rolled out, and investor optimism over potential Fed rate cuts in September grew. The precious metal rose 0.6% to trade above $3,454 per ounce. Inflows into gold ETFS and central bank purchases have fueled gold purchases over the past year. Year to date, gold is up about 32%. The prospects of lower interest rates from the Federal Reserve amid a weakening job market have fueled purchases of the precious metal. Meanwhile, President Trump's tariff deadline landed on Thursday, and tariffs on imports from a variety of countries now face duties ranging from 10% to 50%. The overall average effective tariff rate is projected to jump to 18.6% this year, according to the Yale Budget Lab, the highest since 1933. Shareholder warns Apple's $100 billion investment is more optics than impact Yahoo Finance's Francisco Velasquez reports: Read more here. Firefly opens at $70 per share, 56% above IPO price of $45 Shares of Firefly Aerospace — trading under the ticker symbol FLY — opened at $70 per share on Thursday, about 56% above their IPO prices of $45. Brian Sozzi reports: Read more here. Mortgage rates dip near 2025 lows after weak jobs data Yahoo Finance's Shi Bradley and Claire Boston report: Read more here. Waller emerges as Fed chair favorite, Bloomberg says Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is "emerging as a top candidate" to serve as the central bank's next chair. Bloomberg reports: Read more here. Toyota slashes 2025 profit guidance, warns of $9.5B tariff hit Toyota (TM), the world's largest automaker, is the latest to warn about the effects of President Trump's tariffs. Yahoo Finance's Pras Subramanian writes: Read the full story here. Bitcoin, crypto stocks rally ahead of Trump order opening 401(k) plans to alternative assets Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans, Yahoo Finance's Jake Conley reports. Bitcoin (BTC-USD) rose nearly 2%, while ether (ETH-USD) and XRP (XRP-USD) were both up around 4%. Shares of Coinbase (COIN), the largest publicly traded crypto exchange, rose 3.4%. Robinhood (HOOD) and Strategy (MSTR) climbed over 4% and 2.6%, respectively. Read the full story here. Chip stocks surge as Trump points to tariff exemptions for chipmakers Chip stocks climbed on Thursday after President Trump said he'll exempt companies from his planned 100% semiconductor tariffs if they are making or beginning to make their chips in the US. Nvidia (NVDA) rose more than 2%, while Broadcom (AVGO) jumped 1.7% and Micron (MU) rose 3.4%. Most advanced chips are produced by contract chip manufacturer TSMC (TSM) in Taiwan, but the company has been building out its capacity in Arizona, exempting it from Trump's tariffs. The company's US-listed shares soared nearly 7% Thursday morning, hitting a record high. So far, Nvidia has committed to producing $500 billion of AI infrastructure in the US. Micron made a similar $200 billion commitment. Stocks move higher at the open US stocks rose at the open on Thursday as President Trump hinted at a carveout for coming tariffs on semiconductors, boosting tech for a second day, just as his tariffs hit dozens of US trading partners. The tech-heavy Nasdaq Composite (^IXIC) rose 0.8%. The Dow Jones Industrial Average (^DJI) gained 0.6%, while the S&P 500 (^GSPC) was up 0.5%. Stocks to watch: Apple, Eli Lilly, Taiwan Semiconductor, Fortinet Here's a look at some top trending tickers on Thursday ahead of the opening bell: Read more live coverage of corporate earnings here. Continuing claims for unemployment benefits hit highest since November 2021 Americans filing for unemployment insurance on an ongoing basis reached the highest level since November 2021 at the end of July. In the week ending July 26, 1.974 million continuing claims were filed, up from 1.936 million the week prior and the highest level seen since November 2021, according to data from the Department of Labor released Thursday morning. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Meanwhile, weekly filings for unemployment benefits moved higher to 226,000 in the week ending Aug. 2, up from 221,000 the week prior. Read more: What are jobless claims, and why do they matter? Intel stock dips as Trump calls for CEO resignation President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported that US Republican Sen. Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in premarket trading. Eli Lilly stock falls despite earnings beat as oral GLP-1 pill results disappoint Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Trump chooses Stephen Miran to serve on Federal Reserve Board President Trump chose Stephen Miran, the current chairman of the Council of economic Advisors to serve on the Federal Reserve Board of Governors, after Adriana Kugler resigned last Friday. "It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026," Trump wrote on Truth Social. "In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!" President Trump chose Stephen Miran, the current chairman of the Council of economic Advisors to serve on the Federal Reserve Board of Governors, after Adriana Kugler resigned last Friday. "It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026," Trump wrote on Truth Social. "In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!" Duolingo stock soars after earnings, forfeits roughly half its gains after OpenAI GPT-5 demo Yahoo Finance's Jake Conley reports: Read more here. Yahoo Finance's Jake Conley reports: Read more here. Gold climbs on trade tensions, hopes of Fed rate cut Gold (GC=F) futures climbed on Thursday as tariffs on imports from nearly 200 countries rolled out, and investor optimism over potential Fed rate cuts in September grew. The precious metal rose 0.6% to trade above $3,454 per ounce. Inflows into gold ETFS and central bank purchases have fueled gold purchases over the past year. Year to date, gold is up about 32%. The prospects of lower interest rates from the Federal Reserve amid a weakening job market have fueled purchases of the precious metal. Meanwhile, President Trump's tariff deadline landed on Thursday, and tariffs on imports from a variety of countries now face duties ranging from 10% to 50%. The overall average effective tariff rate is projected to jump to 18.6% this year, according to the Yale Budget Lab, the highest since 1933. Gold (GC=F) futures climbed on Thursday as tariffs on imports from nearly 200 countries rolled out, and investor optimism over potential Fed rate cuts in September grew. The precious metal rose 0.6% to trade above $3,454 per ounce. Inflows into gold ETFS and central bank purchases have fueled gold purchases over the past year. Year to date, gold is up about 32%. The prospects of lower interest rates from the Federal Reserve amid a weakening job market have fueled purchases of the precious metal. Meanwhile, President Trump's tariff deadline landed on Thursday, and tariffs on imports from a variety of countries now face duties ranging from 10% to 50%. The overall average effective tariff rate is projected to jump to 18.6% this year, according to the Yale Budget Lab, the highest since 1933. Shareholder warns Apple's $100 billion investment is more optics than impact Yahoo Finance's Francisco Velasquez reports: Read more here. Yahoo Finance's Francisco Velasquez reports: Read more here. Firefly opens at $70 per share, 56% above IPO price of $45 Shares of Firefly Aerospace — trading under the ticker symbol FLY — opened at $70 per share on Thursday, about 56% above their IPO prices of $45. Brian Sozzi reports: Read more here. Shares of Firefly Aerospace — trading under the ticker symbol FLY — opened at $70 per share on Thursday, about 56% above their IPO prices of $45. Brian Sozzi reports: Read more here. Mortgage rates dip near 2025 lows after weak jobs data Yahoo Finance's Shi Bradley and Claire Boston report: Read more here. Yahoo Finance's Shi Bradley and Claire Boston report: Read more here. Waller emerges as Fed chair favorite, Bloomberg says Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is "emerging as a top candidate" to serve as the central bank's next chair. Bloomberg reports: Read more here. Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is "emerging as a top candidate" to serve as the central bank's next chair. Bloomberg reports: Read more here. Toyota slashes 2025 profit guidance, warns of $9.5B tariff hit Toyota (TM), the world's largest automaker, is the latest to warn about the effects of President Trump's tariffs. Yahoo Finance's Pras Subramanian writes: Read the full story here. Toyota (TM), the world's largest automaker, is the latest to warn about the effects of President Trump's tariffs. Yahoo Finance's Pras Subramanian writes: Read the full story here. Bitcoin, crypto stocks rally ahead of Trump order opening 401(k) plans to alternative assets Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans, Yahoo Finance's Jake Conley reports. Bitcoin (BTC-USD) rose nearly 2%, while ether (ETH-USD) and XRP (XRP-USD) were both up around 4%. Shares of Coinbase (COIN), the largest publicly traded crypto exchange, rose 3.4%. Robinhood (HOOD) and Strategy (MSTR) climbed over 4% and 2.6%, respectively. Read the full story here. Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans, Yahoo Finance's Jake Conley reports. Bitcoin (BTC-USD) rose nearly 2%, while ether (ETH-USD) and XRP (XRP-USD) were both up around 4%. Shares of Coinbase (COIN), the largest publicly traded crypto exchange, rose 3.4%. Robinhood (HOOD) and Strategy (MSTR) climbed over 4% and 2.6%, respectively. Read the full story here. Chip stocks surge as Trump points to tariff exemptions for chipmakers Chip stocks climbed on Thursday after President Trump said he'll exempt companies from his planned 100% semiconductor tariffs if they are making or beginning to make their chips in the US. Nvidia (NVDA) rose more than 2%, while Broadcom (AVGO) jumped 1.7% and Micron (MU) rose 3.4%. Most advanced chips are produced by contract chip manufacturer TSMC (TSM) in Taiwan, but the company has been building out its capacity in Arizona, exempting it from Trump's tariffs. The company's US-listed shares soared nearly 7% Thursday morning, hitting a record high. So far, Nvidia has committed to producing $500 billion of AI infrastructure in the US. Micron made a similar $200 billion commitment. Chip stocks climbed on Thursday after President Trump said he'll exempt companies from his planned 100% semiconductor tariffs if they are making or beginning to make their chips in the US. Nvidia (NVDA) rose more than 2%, while Broadcom (AVGO) jumped 1.7% and Micron (MU) rose 3.4%. Most advanced chips are produced by contract chip manufacturer TSMC (TSM) in Taiwan, but the company has been building out its capacity in Arizona, exempting it from Trump's tariffs. The company's US-listed shares soared nearly 7% Thursday morning, hitting a record high. So far, Nvidia has committed to producing $500 billion of AI infrastructure in the US. Micron made a similar $200 billion commitment. Stocks move higher at the open US stocks rose at the open on Thursday as President Trump hinted at a carveout for coming tariffs on semiconductors, boosting tech for a second day, just as his tariffs hit dozens of US trading partners. The tech-heavy Nasdaq Composite (^IXIC) rose 0.8%. The Dow Jones Industrial Average (^DJI) gained 0.6%, while the S&P 500 (^GSPC) was up 0.5%. US stocks rose at the open on Thursday as President Trump hinted at a carveout for coming tariffs on semiconductors, boosting tech for a second day, just as his tariffs hit dozens of US trading partners. The tech-heavy Nasdaq Composite (^IXIC) rose 0.8%. The Dow Jones Industrial Average (^DJI) gained 0.6%, while the S&P 500 (^GSPC) was up 0.5%. Stocks to watch: Apple, Eli Lilly, Taiwan Semiconductor, Fortinet Here's a look at some top trending tickers on Thursday ahead of the opening bell: Read more live coverage of corporate earnings here. Here's a look at some top trending tickers on Thursday ahead of the opening bell: Read more live coverage of corporate earnings here. Continuing claims for unemployment benefits hit highest since November 2021 Americans filing for unemployment insurance on an ongoing basis reached the highest level since November 2021 at the end of July. In the week ending July 26, 1.974 million continuing claims were filed, up from 1.936 million the week prior and the highest level seen since November 2021, according to data from the Department of Labor released Thursday morning. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Meanwhile, weekly filings for unemployment benefits moved higher to 226,000 in the week ending Aug. 2, up from 221,000 the week prior. Read more: What are jobless claims, and why do they matter? Americans filing for unemployment insurance on an ongoing basis reached the highest level since November 2021 at the end of July. In the week ending July 26, 1.974 million continuing claims were filed, up from 1.936 million the week prior and the highest level seen since November 2021, according to data from the Department of Labor released Thursday morning. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Meanwhile, weekly filings for unemployment benefits moved higher to 226,000 in the week ending Aug. 2, up from 221,000 the week prior. Read more: What are jobless claims, and why do they matter? Intel stock dips as Trump calls for CEO resignation President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported that US Republican Sen. Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in premarket trading. President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported that US Republican Sen. Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in premarket trading. Eli Lilly stock falls despite earnings beat as oral GLP-1 pill results disappoint Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. 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
Epoch Times
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- Epoch Times
LIVE NOW: Trump Attends Purple Heart Day Event
LIVE NOW: Trump Attends Purple Heart Day Event President Donald Trump participates in a Purple Heart Day event at 4:00 p.m. ET on Aug. 7.
