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The Global Economy Is Powering Through a Historic Increase in Tariffs

The Global Economy Is Powering Through a Historic Increase in Tariffs

The global economy is sailing through this year's historic increase in tariffs, displaying an unexpected trait: resilience.
Faced with extreme uncertainty, businesses and households have surprised economists with their ability to hedge, finding a short-term path through as they await clarity on where tariffs will end up.
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The 10 Most Hated Billionaires in 2025
The 10 Most Hated Billionaires in 2025

Yahoo

time9 minutes ago

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The 10 Most Hated Billionaires in 2025

Every time a wealthy person crosses over into billionaire status, those of us in lower wealth echelons may show the limitations of our ability for empathy. Generally, the 'have-nots' do not celebrate the 'have-way-too-much.' Watching Elon Musk get richer and richer while many struggle to get above living paycheck to paycheck can really suck. 'Hate' is a strong word, but it may be pretty close to (if not exactly) what many people feel toward billionaires. Find Out: Read Next: A recent study by found the 10 most hated billionaires of 2025. Data was collected from the number of Google search results containing the billionaire's name combined with terms like 'controversy,' 'scam' and 'fraud;' a sentiment-based 'Reddit hate score' on the social news aggregation and forum site, and the billionaire's public disapproval rating that factored in overall negative news coverage (for President Donald Trump, we didn't use public disapproval rating, but instead used fresh data from The Economist). Additionally, net worths were sourced from Forbes. See the 10 most hated billionaires, along with the companies they own and their respective net worths. 10. George Soros Key areas of success or businesses: Open Society Foundations, Soros Foundation Net worth: $7.5 billion Reddit hate score: 5.9 Public disapproval rating: 26% Overall hate score: 36 Check Out: 9. Bill Gates Key areas of success or businesses: Microsoft Net worth: $117 billion Reddit hate score: 8.2 Public disapproval rating: 27% Overall hate score: 41 8. Vince McMahon Key areas of success or businesses: WWE Net worth: $3 billion Reddit hate score: 8.6 Public disapproval rating: 23% Overall hate score: 43 7. Jamie Dimon Key areas of success or businesses: J.P. Morgan Chase/banking Net worth: $2.8 billion Reddit hate score: 9 Public disapproval rating: 25% Overall hate score: 46 6. Jeff Bezos Key areas of success or businesses: Amazon Net worth: $241.3 billion Reddit hate score: 8.2 Public disapproval rating: 30% Overall hate score: 47 5. Mark Zuckerberg Key areas of success or businesses: Meta/Facebook Net worth: $246 billion Reddit hate score: 9.1 Public disapproval rating: 40% Overall hate score: 56 4. Gautam Adani Key areas of success or businesses: Adani Group Net worth: $68 billion Reddit hate score: 7.1 Public disapproval rating: 51% Overall hate score: 56 3. Rupert Murdoch Key areas of success or businesses: Fox News, Sky News Net worth: $24 billion Reddit hate score: 9.2 Public disapproval rating: 55% Overall hate score: 64 2. Elon Musk Key areas of success or businesses: Tesla, SpaceX Net worth: $409 billion Reddit hate score: 9.4 Public disapproval rating: 36% Overall hate score: 92 1. Donald Trump Key areas of success or businesses: Real estate and politics Net worth: $5.5 billion Reddit hate score: 9.5 Public disapproval rating: 55% Overall hate score: 100 More From GOBankingRates 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on The 10 Most Hated Billionaires in 2025

Russia's Once-Hot War Economy Shows More Cracks
Russia's Once-Hot War Economy Shows More Cracks

Bloomberg

time11 minutes ago

  • Bloomberg

Russia's Once-Hot War Economy Shows More Cracks

Russia's economy surprised many by remaining resilient in the face of international sanctions following President Vladimir Putin's full-scale invasion of Ukraine more than three years ago. At one point it even appeared to be running the risk of overheating. But cracks in the $2 trillion economy are now abundantly clear. This newsletter suggested in November that 2025 would be a year of consumer retrenchment as Moscow was forced to choose guns over butter. That dynamic was on display this week: Putin attended a flag-raising ceremony for Russia's latest nuclear-powered ballistic missile submarine, the fifth of the new Borei-A class built in the past six years. Meantime, car sales for June came in with a 30% plunge.

Travelzoo (TZOO) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Rising Member ...
Travelzoo (TZOO) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Rising Member ...

Yahoo

time29 minutes ago

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Travelzoo (TZOO) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Rising Member ...

Revenue: $23.9 million, up 13% from the prior year; $23.5 million in constant currencies, up 12%. Operating Profit: $2.1 million, 9% of revenue, down from $44 million in the prior year. Member Acquisition Cost: $38 in Q2, up from $28 in Q1. Membership Fee Revenue: Increased to $3 million. Advertising and Commerce Revenue: $20.9 million for Q2 2025. GAAP Operating Margin: 9% in Q2 2025. Non-GAAP Operating Profit: $2.4 million, 10% of revenue, compared to $4.8 million in the prior year period. Cash Equivalents and Restricted Cash: $11.2 million as of June 30, 2025. Cash Flow from Operations: $1.3 million. Jack's Flight Club Revenue: Increased by 33% year over year. Premium Subscribers for Jack's Flight Club: Increased by 15%. Warning! GuruFocus has detected 2 Warning Sign with TZOO. Release Date: July 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Travelzoo (NASDAQ:TZOO) reported a 13% increase in consolidated Q2 revenue compared to the prior year. The company achieved a favorable payback on the acquisition of new club members, with immediate revenue generation from membership fees. Jack's Flight Club segment saw a 33% increase in revenue, driven by growth in premium subscribers. Travelzoo (NASDAQ:TZOO) plans to continue leveraging its global reach and strong relationships with travel suppliers to offer exclusive club offers. The company expects revenue growth to accelerate in future quarters as membership fee revenue is recognized over the subscription period. Negative Points Operating profit decreased due to increased investment in member growth, impacting EPS negatively. Higher member acquisition expenses led to a reduction in EPS by $0.13 for the quarter. Operating profit decreased in both North America and Europe segments, despite an increase in Jack's Flight Club. GAAP operating margin was reduced to 9% due to the impact of acquiring more club members. The travel industry is experiencing weaker demand, particularly in hotels, which may affect future opportunities. Q & A Highlights Q: Can you explain the dynamics of profitability going forward, especially regarding the $0.13 loss in Q2? A: (Holger Bartel, CEO) The $0.13 loss in Q2 was due to marketing expenses for acquiring new members. However, in future quarters, we will continue to generate revenue from these members without incurring additional acquisition costs. This ongoing revenue from previously acquired members will drive profitability in the coming quarters and more significantly next year. Q: What is the expected frequency of club offers? A: (Holger Bartel, CEO) We release several club offers per week, usually a few dozen. Press releases highlight examples of these offers, but not every offer is announced via press release. Q: Can you address the increase in cost of revenues this quarter? A: (Holger Bartel, CEO) We had opportunities to purchase distressed inventory at discounted prices, which allowed us to create strong club offers. These expenses are classified under cost of revenue and are crucial for attracting new members and converting legacy members. Q: Should we expect continued investment in marketing and member acquisition in the second half of the year? A: (Holger Bartel, CEO) Yes, as long as the payback remains favorable. We will continue to invest in member acquisition as long as the cost remains below $40. The market conditions will dictate the extent of our investment. Q: Are there plans for a premium subscription level in the future? A: (Holger Bartel, CEO) Currently, we are not looking at a premium subscription level. We aim to keep things simple with one tier. However, we recognize that our membership fee might be too low and will evaluate potential increases for 2026. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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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