Copper rods in storage at the Aurubis AG metal refinery in Hamburg, Germany, on Wednesday, July 16, 2025. Bloomberg | Bloomberg | Getty ImagesA major exemption to President Donald Trump’s 50% copper tariff has shocked traders and sent U.S. market prices plummeting.The final order on copper tariffs, which the Trump administration says will boost the domestic copper production industry, applies to semi-finished products such as pipes, rods, sheets and wires. It also impacts copper-intensive items like cables and electrical components. But crucially, it does not include the raw input material copper cathode, copper ores, concentrates or scraps, as had been…
Author: usaeverydaylife
A new JPMorgan Chase branch in Charlotte, North Carolina.Courtesy: JPMorgan ChaseJPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a ribbon-cutting ceremony. The firm has roughly 5,000 branches, the most of any American bank, according to Federal Reserve data from March.”It’s a great marker for us to be able to say, you can see our commitment over time and we’re on a marathon with regard to this expansion,”…
Technology bellwether Amazon is set to release second quarter results after the market close on Thursday, and analysts are bullish heading into the print, believing the worst of tariff fears have subsided. Analysts, on average, expect the dominant e-commerce platform will earn $1.33 per share on roughly $162.1 billion in revenue, according to LSEG. That would correspond to year-over-year earnings and revenue growth of 5.5% and 9.5%, respectively. Amazon is coming off of better-than-expected earnings and revenue in its first quarter. But in its last report, on May 1, the company gave light guidance for the second quarter, citing “tariffs…
Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn’t pose a serious threat to the future of the design software company, which is on the verge of debuting on the public markets.”We’re in this moment where you might, if you’re singularity-pilled, go, ‘Hey, superintelligence is coming and it’ll be able to do things that no human can do,” Field told CNBC’s “Squawk Box.” “I have a harder time believing that we’re going to approach that really quickly right now, but that doesn’t mean it’s out of the picture.”Figma is slated to begin trading on the New York…
Thiago Prudêncio | Sopa Images | Lightrocket | Getty ImagesRoblox stock soared 16% Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth.The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter.User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year-over-year, and hours engaged at 27.4 billion, up 58% year-over-year.StreetAccount expected 106 million DAUs.”Our year on year growth this quarter is a reflection of our strategic investments in…
Palestinians gather to receive food cooked by a charity kitchen, before a ceasefire between Hamas and Israel takes effect, in Khan Younis, in the southern Gaza Strip, January 17, 2025. Hatem Khaled | ReutersThe hunger crisis in Gaza under Israel’s assault has reached a “tipping point,” experts and advocates tell NBC News, with deaths expected to soar if Palestinians do not get urgent relief.And many children who do survive malnutrition will face lifelong consequences, they warn.The “window to prevent mass death is rapidly closing, and for many it’s already too late,” said Kiryn Lanning, senior director of emergencies of the International Rescue Committee (IRC), a U.S.-based humanitarian organization.…
Meta Platforms reported better-than-expected quarterly results , and analysts are feeling optimistic about its performance going forward. Meta earned $7.14 per share on revenue of $47.52 billion during the second quarter, while analysts surveyed by LSEG had expected $5.92 per share and $44.80 billion in revenue. The company also said that it anticipates its sales for the third quarter to be between $47.5 billion and $50.5 billion, above the $46.14 billion analysts polled by LSEG had penciled in. Additionally, the company raised its full-year forecast for capital expenditures, saying that will be between $66 billion and $72 billion, higher than…
A former line haul driver, Brandon Dickerson, 34, became disabled after a ruptured aneurysm caused bleeding in his brain. His sister, Geneva, is one of his caregivers.Courtesy: Dickerson FamilyBrandon Dickerson collapsed in his Louisiana home in March 2022, after suffering from a ruptured brain aneurysm. The sudden burst of a blood vessel caused bleeding in his brain. The former line haul driver went into a coma, and when he woke up, he had severe functional limitations. “His cognitive skills and communication skills are limited,” Geneva Dickerson, Brandon’s older sister and caregiver, recently told CNBC. Brandon, now 34, lives in a traumatic…
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty ImagesA federal appeals court on Thursday is set to hear arguments on whether or not to kneecap President Donald Trump’s global tariff regime.The oral arguments before the U.S. Court of Appeals for the Federal Circuit are set to begin at 10 a.m. ET. They will be livestreamed on the court’s Youtube page.Trump has held up the case as a life-or-death moment for his trade…
CNBC reporter Ganesh Rao with India Commerce Secretary Piyush Goyal© George Bextor, CNBCHello, this is Ganesh Rao, CNBC’s senior correspondent, writing from London. This week, I look into India’s willingness and limitations to strike trade deals after I sat down with the country’s Commerce Secretary Piyush Goyal. Enjoy!This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyJust a week after India secured a landmark free trade agreement with the United…
