Financial, Second Quarter
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Norway take on Italy in the first quarter-final of Euro 2025. Two-time champions Norway topped Group A with three wins out of three but were not always convincing as they progressed. Italy are through the knockout stages of the European Championships for the first time in 12 years after finishing runners-up to Spain in Group B.
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Goldman Sachs reported its best-ever quarter for stock trading. Wall Street banks have posted mostly strong results for the second quarter.
Between President Trump's "Liberation Day" tariffs, the subsequent tariff rollbacks and rollouts, the Israel-Iran conflict, and myriad other market-moving events, the S&P 500 recorded some of its biggest one- and two-day swings on record during the quarter.
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Wells Fargo also reported its second-quarter earnings early Tuesday, beating Wall Street’s profit and revenue targets. Wells posted net income of $5.5 billion in the period. That works out to a profit of $1.60 per share, beating the $1.41 analysts expected and the $1.33 from the same quarter a year ago.
What to expect from Netflix Q2 earnings and a Cover Story deep dive on Trump's war on truth are the features in today's 'Daily Variety' podcast.
Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.
The outlook for European corporate health has deteriorated, the latest earnings forecasts showed on Tuesday, as U.S. President Donald Trump's most recent tariff statements created further uncertainty for businesses.
U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing.