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Bessent says he will meet Chinese officials, discuss tariff deadline extension

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week and discuss what is likely to be an extension of an August 12 deadline for higher tariffs. Bessent told Fox Business that trade with China was ...
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MSCI reports higher second quarter profit on robust demand for index products

(Reuters) -Index provider MSCI reported a rise in second-quarter profit on Tuesday, as improved spending by clients drove up demand for its index products and analytics services. WHY IT’S IMPORTANT MSCI’s results often reflect sentiment in the broader market, as clients use the company’s stock indexes ...
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Lockheed Martin second-quarter profit plummets on $1.6 billion charge

(Reuters) -Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S. defense giant recorded pre-tax losses of $1.6 billion, mainly linked to a classified program within its Aeronautics segment. The company’s shares fell 8% in premarket trading. Its net ...
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Air India says no issues in locking mechanism of fuel control switches in Boeing fleet

NEW DELHI (AP) — Air India said Tuesday that it had completed precautionary inspections on the locking mechanism of fuel control switches for select Boeing aircrafts, with “no issues” found. The announcement came days after a preliminary investigation into last month’s Air India plane crash ...
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Coca-Cola beats quarterly revenue estimates on steady soda demand

(Reuters) -Coca-Cola beat Wall Street estimates for second-quarter revenue on Tuesday, as the beverages giant benefited from resilient demand for its sodas. The company’s shares were up about 1% in premarket trading. They have risen 12.5% so far this year. Coca-Cola’s well-known brands and its global ...
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Windfall for multinational US firms as dollar takes a dive

By Shashwat Chauhan (Reuters) -A slump in the dollar has come to the rescue of some major multinational U.S. companies this earnings season, easing the sting from President Donald Trump’s tariffs that have driven up costs and upended financial planning. A weaker dollar enhances the value ...
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Trump tariffs take a $1 billion bite out of GM earnings

By Nora Eckert and Nathan Gomes (Reuters) -General Motors’ second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results. The automaker’s revenue in the quarter ended June 30 ...
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Northrop Grumman raises 2025 profit forecast on strong demand for weapons

By Utkarsh Shetti and Mike Stone (Reuters) -Northrop Grumman raised its annual profit forecast on Tuesday, betting on sustained demand for its military aircraft and defense systems as geopolitical tensions simmer. A protracted Russia-Ukraine war and conflict in the Middle East have boosted demand for weapons ...
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US stock futures dip with earnings, tariff talks in focus

(Reuters) -Wall Street futures edged lower on Tuesday as investors braced for a busy day of earnings while navigating uncertainties around U.S. trade negotiations with key partners. At 05:50 a.m. ET, S&P 500 E-minis were down 7 points, or 0.11%, Nasdaq 100 E-minis were down ...
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Halliburton quarterly profit falls on weak North America drilling demand

(Reuters) -Oilfield services firm Halliburton reported a fall in profit for the second quarter on Tuesday, hurt by weak North America demand. U.S. President Donald Trump’s trade policy heightened uncertainty in the energy industry, with trade war expected to curb global economic growth and, subsequently, ...
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In the Bronx, the nation’s poorest Congressional district, federal funding cuts create perfect storm

NEW YORK (AP) — On a sweltering summer day, children leap between rocks along the Bronx River while cyclists pedal on newly paved paths. Kayaks rest on what was once an industrial dumping ground, now transformed into a bustling promenade along the city’s only ...
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McDowell County, West Virginia, birthplace of food stamps, faces a disappearing safety net

For nonprofits in McDowell County, West Virginia, the federal cuts in the One Big Beautiful Bill Act threaten a lifeline. Many of McDowell’s 17,000 residents rely on federal programs and the nonprofits they fund to get by. The county’s tax base and population have significantly ...
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