Latest news with #MedoraLee
The Herald Scotland
5 days ago
- Business
- The Herald Scotland
US stock futures higher as Trump threatens semiconductor tax
Taiwan said TSMC is exempted from the tax, and South Korea said chips from Samsung Electronics and SK Hynix won't be subject to the 100% tariff either. The comments come on the heels of an earlier announcement of an additional 25% tax on India to bring the total levy to 50%. Trump said the additional tariff is because India continues to buy Russian oil. Other countries are racing to strike a deal with Trump with the Aug 7 deadline here. Nations without a deal face new tariffs. At 6 a.m., futures tied to the blue-chip Dow rose 0.48%, while broad S&P 500 futures added 0.69% and tech-heavy Nasdaq futures gained 0.70%. Investors are also eyeing corporate earnings, which have been mostly positive. About 80% of reports are beating analysts' earnings expectations, above the 76% average of the last four quarters, according to data provider LSEG. Data also showed earnings growth for the quarter is estimated at 12.1%, up from 5.8% at the beginning of July. Corporate news DoorDash's second-quarter results topped analysts' estimates. MetLife's second-quarter results fell on less favorable underwriting and lower investment margins. Duolingo reported better-than-expected second-quarter results and guided third-quarter sales above Street views. Airbnb beat second-quarter forecasts and issued third-quarter sales guidance that straddled analysts' estimates. It also revealed margin pressures. Corning inked an expanded partnership with Apple said it would expand its partnership with the company as part of its plans to increase manufacturing in the United States. DraftKings said it expects full-year sales at the top end of its guidance. United Airlines encountered a technical issue that grounded hundreds of flights and caused massive delays. Ride-share company Lyft reported revenues just shy of forecasts. Cryptocurrency Actelis Networks said its board approved a cryptocurrency treasury strategy to help it diversify its balance sheet. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
USA Today
6 days ago
- Business
- USA Today
US stock futures higher as investors scrutinize earnings
U.S. stock futures are higher as investors scrutinize another batch of earnings. After the close, auto maker Rivian, Skyworks Solutions, social media company Snap, semiconductor giant AMD, Opendoor, Arista Networks, and Super Micro were among the companies that reported quarterly results. At 6:10 a.m. ET, futures linked to the blue-chip Dow rose 0.31%, while broad S&P 500 futures added 0.22% and tech-laden Nasdaq futures gained 0.04%. Corporate news Cryptocurrency The Securities and Exchange Commission said liquid staking activities aren't securities under federal law. Liquid staking refers to the process of staking crypto assets through a third party and receiving a 'liquid staking receipt token' to show the, staker's ownership of the staked crypto assets and any rewards that accrue to them. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
USA Today
18-07-2025
- Business
- USA Today
US stock futures higher after earnings reports
U.S. stock futures are higher after more earnings reports after the regular session close and ahead of consumer sentiment data. Netflix and Interactive Brokers were among the companies that reported better-than-expected results. Meanwhile, the University of Michigan's preliminary reading for July consumer sentiment report is expected to rise to 61.8 from the prior reading of 60.7, according to economists polled by Dow Jones. At 6:10 a.m. ET, futures tied to the blue-chip Dow rose 0.14%, while broad S&P 500 futures added 0.13% and tech-heavy Nasdaq futures rose 0.12%. All major stock indexes are looking to end the week higher. So far, all three indexes are up for the week, with the Nasdaq as the top performer. The Nasdaq and S&P 500 reached fresh record highs this week. Corporate news Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
Yahoo
17-07-2025
- Business
- Yahoo
US stock futures little changed as investors await earnings reports
U.S. stock futures are little changed as investors waited to see more earnings reports. Some of the major companies slated to report before the opening bell include Taiwan Semiconductor Manufacturing, Travelers, GE Aerospace, Abbott Laboratories, PepsiCo, U.S. Bancorp and Citizens Financial Group. Streaming company Netflix is due after the close. At 6 a.m. ET, futures tied to the blue-chip Dow slipped -0.08%; while broad S&P 500 futures added 0.06% and tech-laden Nasdaq futures rose 0.15%. Investors will also see June retail sales data and weekly jobless claims to get a sense of whether the economy is showing cracks. In May, retail sales fell more than expected and weekly jobless claims have not yet shown signs that the labor market is faltering. However, continuing claims have shown people without jobs are out of work longer. Corporate news United Airlines missed second-quarter revenue estimates and lowered its annual earnings per share forecast. Sarepta Therapeutics announced a 'strategic restructuring' plan that includes a 36% workforce reduction, or around 500 employees. Monarch Casino & Resort reported an increase in second-quarter earnings from a year ago. Walmart is cutting hundreds of store-support and training jobs at Walmart Academy, according Bloomberg, citing a memo. Cryptocurrency Coinbase unveiled "Base App," or an 'everything app' that combines social networking, mini-apps, chat, payments, and trading. It all runs on the company's public blockchain network Base. Separately, a trio of crypto bills failed again to jump a procedural hurdle in Congress despite President Donald Trump's earlier assurance that holdouts would vote yes. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday. This article originally appeared on USA TODAY: US stock futures little changed as investors await earnings reports 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
USA Today
17-07-2025
- Business
- USA Today
US stock futures little changed as investors await earnings reports
U.S. stock futures are little changed as investors waited to see more earnings reports. Some of the major companies slated to report before the opening bell include Taiwan Semiconductor Manufacturing, Travelers, GE Aerospace, Abbott Laboratories, PepsiCo, U.S. Bancorp and Citizens Financial Group. Streaming company Netflix is due after the close. At 6 a.m. ET, futures tied to the blue-chip Dow slipped -0.08%; while broad S&P 500 futures added 0.06% and tech-laden Nasdaq futures rose 0.15%. Investors will also see June retail sales data and weekly jobless claims to get a sense of whether the economy is showing cracks. In May, retail sales fell more than expected and weekly jobless claims have not yet shown signs that the labor market is faltering. However, continuing claims have shown people without jobs are out of work longer. Corporate news Cryptocurrency Coinbase unveiled "Base App," or an 'everything app' that combines social networking, mini-apps, chat, payments, and trading. It all runs on the company's public blockchain network Base. Separately, a trio of crypto bills failed again to jump a procedural hurdle in Congress despite President Donald Trump's earlier assurance that holdouts would vote yes. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
