Fed Chair Jerome Powell signals reluctance about a rate cut at the central bank’s next meeting in September. Plus: Hershey trimmed its annual outlook to reflect higher projected tariff expenses. SoFi Technologies plans a public offering of $1.5 billion of stock. Starbucks’s earnings undershot estimates. And, Visa posted forecast-beating quarterly results. Charlotte Gartenberg hosts.
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2:46
U.S. Economy Returns to Growth in the Second Quarter
Plus: President Trump says that India will face a 25% tariff rate starting August 1. And Amazon will pay at least $20 million per year to license content from the New York Times. Alex Ossola hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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2:38
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2:38
Tsunami Waves Reach Hawaii After Massive Russian Earthquake
Plus: The Fed is expected to hold rates steady, although Chair Powell may face unprecedented dissent today. And, U.S. tariffs weigh on European automakers Porsche and Mercedes-Benz. Azhar Sukri hosts.
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3:05
Stock Indexes Slip as U.S. and Chinese Officials Discuss Extending Tariff Pause
Import duties on Chinese goods could surge about 80% if the pause expires on Aug. 12. Plus: UnitedHealth Group said its earnings for the year will miss expectations. And Novo Nordisk stock plunged after the Ozempic maker cut its guidance. Danny Lewis hosts.
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2:38
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2:38
Novo Nordisk Shares Plummet as Competition Weighs on Wegovy Sales
Plus: JPMorgan Chase nears a deal to take over Apple’s credit-card program. And U.S. consumers’ economic mood improved this month, but they remained concerned about tariffs and the labor market. Pierre Bienaimé hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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