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Cuba loosens control of private sector in struggle with mounting humanitarian crisis21:50 Cuba has loosened restrictions on private businesses to allow imports of foreign goods and medicines, a sector firmly controlled by the Communist-led government Microsoft beats Wall Street expectations with $90B in revenue21:50 Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users Starbucks reports strong quarterly sales and raises annual outlook21:49 Starbucks shares have soared after the coffee giant reported better-than-expected quarterly revenue and profit Meta shares drop as Q2 profit declines due to legal expenses and severance costs21:49 Meta Platforms says its second-quarter profit declined even as revenue beat Wall Street’s expectations, as legal expenses and severance costs for recent layoffs weighed on its results Regulators propose overhaul to law governing how banks lend to income communities20:14 The Trump Administration has announced changes to the Community Reinvestment Act, a law that requires regulators to document how well banks do in lending to low-to-middle income neighborhoods Tax returns show California's Newsom earning between $1.7M and $2M annually19:42 California Gov. Gavin Newsom's office has released tax returns showing he and his wife made between $1.7 million and $2 million annually from 2022 through 2024 As progressives seek to take on inequality, some cite religion as a motivating factor14:23 Michigan Democratic U.S. Senate candidate Abdul El-Sayed says his Muslim faith shapes his progressive views Energy companies Exxon and Chevron rake in huge profits as fighting between US and Iran drive energy prices higher14:23 Energy companies Exxon and Chevron rake in huge profits as fighting between US and Iran drive energy prices higher Immigration crackdown threatens Haitian caregivers and the seniors who rely on them14:23 A Supreme Court decision allowing the Trump administration to end temporary protected status for hundreds of thousands of Haitians is rippling far beyond immigration courts South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks8:30 South Korea’s Kospi index has jumped more than 16% as artificial intelligence-related stocks bounced back after losses earlier this week South Korea’s Kospi index jumps more than 13%, tracking Wall Street gains, on a surge of chipmaking stocks8:30 South Korea’s Kospi index jumps more than 13%, tracking Wall Street gains, on a surge of chipmaking stocks Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results8:30 Amazon said it will be increasing this year’s capital spending on technology, mostly artificial intelligence, by an additional 10% after the tech and e-commerce giant delivered strong profits and net sales during for fiscal second quarter, helped by su... China’s factory activity unexpectedly slips into contraction in July6:55 An official survey shows China's factory activity slowed in July, the first time it has contracted in in five months Oil companies are expected to reap big profits because of US-Iran conflict6:23 Analysts are expecting major oil companies to report large profits while fighting between Iran and the U.S. impeded petroleum shipments |
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