Tesla just posted a double miss for Q2:
~EPS: $0.40 vs $0.42 est ~REV: $22.50B vs $22.79B est Still, the stock $TSLA was up +1% in after-hours trading Here are the details: • Revenue -12% Y/Y to $22.5B ($0.4B beat). • Gross margin 17% (-1pp Y/Y). • Operating margin 4% (-2pp Y/Y). • Capex +5% Y/Y to $2.4B. • Free cash flow -89% Y/Y to $0.1B. • Non-GAAP EPS $0.40 (in-line). Source: App Economy Insights
Copper soars to highest closing price in history 📈📈
Source: Barchart
The US president will spend about an hour at the central bank, as he looks to pressure its chair Jay Powell to cut interest rates more aggressively.
Source: FT
Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings.
The company increased its capital expenditures forecast for 2025 to $85 billion, up $10 billion from February, due to “strong and growing demand for our Cloud products and services.” The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected. Here are the details ($GOOG Alphabet Q2 FY25): • Revenue +14% Y/Y to $96.B ($2.5B beat). • Operating margin 32% (flat Y/Y). • EPS $2.31 ($0.12 beat). ☁️ Google Cloud: • Revenue +32% Y/Y to $13.6B. • Operating margin 21% (+9pp Y/Y). ▶️ YouTube ads +13% to $9.8B. Source: CNBC, App Economy Insights
German benchmark index Dax jumps in AH trading after headlines the EU and the US are progressing toward an agreement that would set a 15% tariff for most products.
Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars. Steel and aluminium imports above a certain quota would face the 50% duty. Source: Bloomberg, HolgerZ
This is a GLOBAL DEBT CRISIS: Japan’s 40-year bond auction just saw its weakest demand since 2011.
The bid-to-cover ratio fell to 2.127. Yield surged to a record 3.375%. Cracks are forming in the world’s 3rd-largest bond market. Source: Bloomberg, Global Markets Investor
The SP500 is outperforming the world's biggest hedgefunds in 2025 YTD
Source: Brew Markets
Breaking news:
The lawsuit against right wing influencer Candace Owens is a rare case of a serving world leader personally suing an online influencer over their content. https://on.ft.com/4m2wk2C
