07/15/2025
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JPMorgan Beats Top And Bottom Line On Solid Investment Banking, Trading
Results
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Q2 earnings season has officially begun as the big banks start reporting
results, and the first one as usual is JPMorgan, with no surprises after yet
another top and bottom line beat. Here is a snapshot of what the largest US
banks just reported: Adjusted EPS $4.96, beating estimates of $4.47 Adjusted
revenue $45.68 billion, beating […]
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Nvidia Secures Green Light To Ship H20 AI Chips To China, Signaling Major
Turnaround
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Nvidia shares rose as much as 5% in premarket trading in New York after the
company announced in a blog post that exports of its H20 AI chips to China
would be approved under a U.S. export license — a major reversal from the Trump
administration’s earlier stance aimed at curbing Beijing’s AI ambitions. Nvidia
[…]
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MP Materials Surges 10%, Apple To Announce $500 Million Partnership, Joining
Pentagon As Investors
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Apple is reportedly set to join the Pentagon as an investor in MP Materials
and announce a $500 million partnership with the company, according to a Fox
Business report citing individuals familiar with the matter this morning. MP
shares surged more than 10% on the news in a move that comes after a more than
[…]
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China Q2 GDP Drops To 5.2% But Beats Expectations Thanks To Subsidies And
Tariff Frontrunning
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China’s GDP grew 5.2% on the year in the second quarter, just fractionally
above expectations (as is usually the case when Beijing reports fake numbers)
the National Bureau of Statistics said Tuesday, fueled by frontloaded exports
ahead of even more tariffs and a flood of subsidies that supported the
manufacturing sector. The figure beat the […]
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Deadly Clashes Rock Southern Syria
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In a statement Monday, the Syrian Interior Ministry described the incident as
“a serious threat to civil peace and public security and is against law and the
values of coexistence and national unity,” expressing its “full respect for the
rights of all Syrians.” Yet the government renewed its calls for local
militias, including the Druze […]
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