Tariffs

Industrials

Caught Between Painful Present and Optimistic Outlook: Copper’s Tariff Price Odyssey

Photo by Omid Roshan via Unsplash

Demand for copper, already one of the most commonly used metals in the world, has surged amid the AI computing boom.

2 min read

Photo via Andrej Sokolow/dpa/picture-alliance/Newscom

Big Tech

New iPhone Air Is Ready for its Flex, but Apple Stock’s Already Swole

iPhone sales surged to $44.5 billion in the quarter ending in June, besting analysts’ $40 billion expectations and rising 14% year-over-year.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Sabelskaya via iStock

International Economics

‘Not Optimistic’: Washington Hits Tariff Impasse with Switzerland

Small, mountainous Switzerland — a country that ranks 61st in the world by total area — is one of the world’s biggest investors in the US.

5 min read
Photo via Jimin Kim/ZUMAPRESS/Newscom

Consumer

Macy’s Makeover Smoothes Out Earnings-Related Worry Lines for Investors

The department store also seems cautiously optimistic for the holidays, raising its profit forecast for the year.

2 min read

Markets

Sovereign Debt Concerns Linger as Global Bond Rout Loses Steam

Photo by krblokhin via iStock

In the last decade, global government bonds with maturities over 10 years suffered a median loss of 2% in September, according Bloomberg.

2 min read

Consumer

Target Struggles as Wary Shoppers Prioritize Cost-Cutting

Photo via Eduardo Barraza/ZUMAPRESS/Newscom

Wednesday’s earnings call also brought news that longtime target chief executive officer Brian Cornell is leaving his post.

2 min read

Photo via Michael Siluk/Education Images/Universal Images Group/Newscom

Autos

Hertz Chooses New Route for Fleet Management With Amazon Autos Hookup

Shares in rival used car retailers went into reverse gear following the announcement of Hertz’s Amazon partnership.

2 min read
Photo by Vincent Botta via Unsplash

Industrials

Brokers Chafe Under Abrupt Expansion of Steel, Aluminum Tariffs

President Trump placed 25% tariffs on aluminum and steel imports in March via executive order, before hiking the rate to 50% on Tuesday.

2 min read
Photo via Jimmy Jin

Big Tech

Apple Adds $100 Billion to American Investment Plans

For those keeping score at home, that’s in addition to the $500 billion in domestic investments Apple announced earlier this year.

2 min read

Healthcare

Pfizer Pops Despite Looming Pharma Tariffs

Photo via Richard B. Levine/Newscom

The tariff threat come just a few days after the White House sent letters to major drugmakers demanding slashed prices for US patients.

2 min read

Photo via Graeme Sloan/Sipa USA/Newscom

Economics

Dismal Jobs Data Gives Fed a Wake-Up Call on Interest Rates

The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.

2 min read
Photo via Thomas Fuller / SOPA Images/Sipa USA/Newscom

Big Tech

Big Tech Pulls Off a Very Big Earnings Week

The reports made one thing clear: Big Tech’s big AI bet is already paying off — which explains why they can’t help but double down.

2 min read
Photo via Corine Solberg/Sipa USA/Newscom

Economics

Bottom Line Undercuts Hot Quarter for Top-Line US GDP

Economists anticipated a 2.5% rate, so the better-than-expected top line figure was obviously cause for celebration, right?

2 min read

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