News

Couche‑Tard withdraws $47B takeover bid for Seven & i Holdings, citing lack of constructive engagement. Market reacts as Japan’s corporate openness is tested. 🗞️ Couche‑Tard Pulls $47 Billion Bid for 7‑Eleven Owner Amid Japanese Pushback Tokyo/Toronto, July 17, 2025 – Canadian convenience-store operator Alimentation Couche‑Tard has scrapped its proposed $47 billion takeover of Seven & i Holdings, owner of … Read more

PBS and NPR could lose $1.1B in federal support if the Senate votes to rescind funding. Here’s what that means for public media, rural stations, and your favorite programs. 📰 Overview PBS and NPR stations are facing an existential threat as the Senate prepares to vote on a rare budgetary move known as a rescission. … Read more

US wholesale inflation held steady in June as tariff-driven goods price rises were offset by falling services costs—Dow and S&P futures ticked higher. 📊 Overview Despite new tariffs, the U.S. Producer Price Index (PPI)—the key measure of wholesale-level inflation—remained unchanged in June compared to May. Year-over-year, PPI rose 2.3%, slipping from 2.7% in May, signaling … Read more

Bank of America Q2 earnings beat at $0.89 EPS, but revenue fell short at $26.6B due to a $70M net interest income miss. Trading and consumer resilience provided support. 🏦 Bank of America Delivers Mixed Q2 — Profit Beats, Revenue Lags Charlotte, July 16, 2025 – Bank of America reported a $0.89 EPS for Q2, … Read more

Morgan Stanley Q2 beat: EPS at $2.13 vs $1.96, revenue $16.79B vs $16.07B, driven by strong trading and wealth management growth. 📊 Morgan Stanley Crushes Q2 Expectations on Trading & Wealth New York, July 16, 2025 – Morgan Stanley delivered a strong Q2 performance, topping Wall Street estimates thanks to elevated trading activity and wealth … Read more

A Delaware court hears an $8 billion shareholder trial accusing Mark Zuckerberg and Meta’s board of violating a 2012 FTC privacy order in the Cambridge Analytica case. (157 characters) 🧭 Introduction A high-stakes non-jury trial has fired up in Delaware’s Court of Chancery: Meta shareholders are filing an $8 billion derivative lawsuit against top executives, including Mark … Read more

Nvidia has won U.S. approval to resume H20 AI chip exports to China after a reversal in Trump-era restrictions—boosting revenue and reshaping global tech trade. Introduction Nvidia (NVDA) has just reversed course: following a meeting between CEO Jensen Huang and President Trump, the U.S. Commerce Department will allow licensed sales of its H20 AI chip … Read more