Apple Commits $500 Million for Rare-Earth Magnets from U.S. Supplier
MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time when President Trump has pressured Apple to do so.
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JPMorgan Earnings Show Economy and Wall Street Are Still Chugging Along
CEO Jamie Dimon says the U.S. economy has remained resilient.
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Citigroup’s Profit Rises on Revenue From Trading, Investment Bank
The bank reported a second-quarter profit of $4.02 billion, or $1.96 a share, compared with $3.22 billion, or $1.52 a share, in the year-ago period. Analysts polled by FactSet expected $1.61 per share in earnings.
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Tesla’s Top North American Sales Executive Leaves Amid Slump
Troy Jones’s exit after 15 years is the latest departure at Elon Musk’s electric-car company.
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Rio Tinto Names Iron Ore Chief Simon Trott as CEO
The miner opted for Trott and his experience running its most profitable operations as the company seeks to strengthen its growing business.
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Wells Fargo Profit Rises After Lifting of Asset Cap
Wells Fargo said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by the Federal Reserve.
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Albertsons Revenue Climbs on Pharmacy, Digital Sales
Albertsons logged a slightly lower profit but higher revenue in its fiscal first quarter thanks to growth in its pharmacy division and a jump in digital sales.
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BlackRock’s Assets Surge Past $12 Trillion
Record-high U.S. stock prices and $68 billion of net client inflows boosted the investment firm.
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State Street Profit Falls as Costs Increase
State Street’s second-quarter profit fell despite higher revenue, as increased costs offset a jump in fee revenue.
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Bank of New York Mellon Earnings Boosted by Net Interest
Bank of New York Mellon logged higher-than-expected earnings and revenue in the second quarter, helped by its fast-growing net interest income.
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Dave & Buster’s Entertainment Names Yum Brands Executive as CEO
Dave & Buster’s Entertainment named Tarun Lal as chief executive officer, bringing in a fast-food restaurant executive to boost the arcade-restaurant operator’s performance.
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Why AI Darling CoreWeave’s Bid for Its Own Landlord Spooked Investors
CoreWeave and Core Scientific are both down sharply since agreeing to merge.
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Nvidia Can Sell AI Chip to China Again After CEO Meets Trump
The U.S. will grant licenses for the H20 chip after it had announced restrictions in April.
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Volvo Car to Take $1.2 Billion Hit From Tariffs, EV Launch Delays
The carmaker has been grappling with tariff uncertainty, muted electric-vehicle demand and intensifying competition in China.
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Japan NTT’s Data-Center Arm Plans Multibillion-Dollar Push on AI Demand
The Japanese telecom giant’s data-center arm is aiming to pour billions into its business to meet rising demand for artificial-intelligence computing and other uses, its chief executive said.
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Ericsson Earnings Beat Forecasts Despite Tariff Hit
The telecommunications-equipment company benefited from a larger share of sales in higher-margin countries, increased licensing revenue and cost savings.
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Trade Desk Stock Jumps After Company Added to S&P 500
It will replace Ansys, which is being purchased by S&P 500 constituent Synopsys.
(END) Dow Jones Newswires
July 15, 2025 11:15 ET (15:15 GMT)
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