Ferrero Acquires WK Kellogg for $3.1B as Cereal Sales Soar
In a bold expansion into breakfast territory, Italian chocolate giant Ferrero is buying WK Kellogg for $3.1 billion. The deal sent Kellogg shares soaring by 30%, signaling strong investor appetite for consumer staples consolidation. Ferrero, known for Nutella and Kinder, is looking to diversify its portfolio beyond confections. WK Kellogg, which split from Kellogg Co. […]
Trump’s 50% Tariff on Copper Could Crush U.S. Metal Buyers
Donald Trump’s proposed 50% tariff on imported copper is raising alarms among American manufacturers and builders. The move, aimed at curbing Chinese imports, could significantly inflate prices for domestic metal buyers, particularly in construction, electric vehicle production, and power grids. Industry groups warn that such a steep tariff would ripple across supply chains, making American-made […]
Glassdoor & Indeed Slash 1,300 Jobs as AI Disrupts Recruiting
AI is reshaping the hiring world — and not without consequences. Job platforms Glassdoor and Indeed are laying off around 1,300 employees as both firms pivot toward AI-driven recruitment solutions. In a memo, the parent company explained that automating candidate matching and streamlining HR tech made parts of their workforce redundant. This marks the second […]
Nvidia Becomes First-Ever $4 Trillion Chipmaker by Market Cap
Nvidia has once again made Wall Street history, closing with a record-shattering $4 trillion market cap — the first chipmaker to ever achieve this milestone. Driven by relentless AI chip demand and the boom in generative AI infrastructure, Nvidia’s stock continues its meteoric rise. The company’s GPUs are now the backbone of countless AI systems, […]
Microsoft Outlook outage
⚠️ What happened Thousands of users experienced hours-long disruptions accessing Outlook across web, mobile, and desktop platforms, unable to load inboxes or sign in starting Wednesday night and continuing into Thursday July 10. Downdetector showed a peak of about 2,700–2,800 incident reports around noon ET 🛠️ Microsoft’s response Microsoft via its 365 status page and X (formerly Twitter) […]
EU in limbo amid U.S. delay
⏰ Missed deadlines & lingering uncertainty The EU aimed to finalize a framework deal by July 9, marking the end of a temporary pause in U.S. “reciprocal” tariffs—but that date passed with no agreement announced, leaving the bloc in limbo. Despite ongoing talks, EU negotiators remain in the dark about when—or if—President Trump will give the […]
US🤝CN Talk in Kuala Lumpur
• U.S. Secretary of State Marco Rubio is scheduled to meet China’s Foreign Minister Wang Yi on Friday, July 11, on the sidelines of the ASEAN Foreign Ministers’ Meetings in Kuala Lumpur—their first face-to-face encounter in this role. • The meeting takes place within the framework of ASEAN’s East Asia Summit and regional forum, attended by major global […]
U.S. Market Closing Summary “16July2025”
U.S. Stock Market Closes Higher Amid Tech Resilience – July 16, 2025 The U.S. stock market ended Wednesday on a positive note as all three major indexes closed higher, buoyed by a continued rally in tech stocks and investor optimism surrounding earnings season. The Dow Jones Industrial Average climbed 231.49 points, or 0.53%, to finish […]
Levi Strauss reported better-than-expected second-quarter results
Levi’s Q2 outperformed on all fronts: EPS of $0.22 beat estimates ($0.13), revenue rose 6–9% YoY to ~$1.45 bn, and management raised full year EPS guidance to $1.25–1.30 from prior $1.20–1.25. Despite global tariff concerns, its shares jumped ~7% after hours
How Delta’s earnings beat set the tone for the airline sector
Delta Air Lines reported Q2 adjusted EPS of $2.10-$2.13 on ~$15.5–16.7 bn in revenue, topping expectations. It reinstated full-year EPS guidance ($5.25–6.25) and raised its dividend ~25%. This triggered a ~12–13% stock surge, lifting other airline names and pushing the S&P 500 and Nasdaq to new highs
