Goldman Sachs Profit Surges, Powered by Trading, Investment Banking Revenue
JPMorgan and Citigroup on Tuesday reported higher revenue from trading and investment banking.
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Bank of America Reports Increase in Second-Quarter Profit
Bank of America’s profit increase in the second quarter of 2025, which the bank chalked up to a healthy economy.
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Morgan Stanley Profit Rises on Trading Boost
Morgan Stanley’s second-quarter profit rose, buoyed by a surge in its trading business during tariff-related market turmoil.
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Diageo Parts Ways With CEO Debra Crew
Crew stepped down after two years in the role, as the drinks sector grapples with tariff uncertainty in key markets and a slowdown in alcohol consumption.
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TotalEnergies Expects Hit From Lower Oil, Gas Prices
The energy company joined BP in flagging that weaker prices would weigh on results. Shell said earlier it anticipated a hit from weaker performance in its core integrated gas division.
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J&J Raises Full-Year Outlook After Beating Profit Expectations
Johnson & Johnson boosted its full-year outlook as it posted better-than-expected profit and sales in the second quarter.
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PNC Results Strengthen Amid Uncertain Macro Environment
The Pittsburgh bank and financial-services company reported net income of $1.64 billion, or $3.85 a share, for the second quarter, up from $1.48 billion, or $3.39 a share, in the prior-year period.
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Cartier Parent Richemont Posts Sales Growth on Jewelry Strength
Growth in Richemont’s jewelry division, which includes the Cartier brand, has buoyed group sales in recent quarters and offset declines at its specialist watchmakers business.
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Estee Lauder, a Late Digital Adopter, Makes New Push to Reach Shoppers Online
CEO Stephane de La Faverie has hired a Nestle executive to help lead the beauty giant’s digital revamp.
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Ford Motor Recalls Certain Vehicles Whose Fuel Injectors May Crack
Ford Motor is recalling certain vehicles whose fuel injectors may crack and leak fuel inside the engine compartment, increasing the risk of a fire.
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Nvidia CEO Lavishes Praise on China in Beijing, Drawing Rock-Star Reception
Jensen Huang extolled China’s technological advances and said President Trump wouldn’t mind his meetings in Beijing.
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Oracle Is No Longer AI’s Dark Horse
The software giant’s stock has surged as artificial-intelligence deals fill its backlog, but high valuation creates risks.
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ASML Shares Slump as Tariff Uncertainty Prompts Growth Warning
The chip-making equipment supplier, whose clients include Intel, issued a warning days after Trump’s threat of 30% tariffs on the EU.
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Renault Shares Plunge on Guidance Downgrade
The carmaker reported a weak June, with lower-than-expected volumes amid a declining retail market and underperformance in its light commercial vehicle business.
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Stellantis Scraps Hydrogen Vehicle Program
The Jeep parent said it would discontinue its hydrogen fuel-cell technology development program because it doesn’t expect its adoption in light commercial vehicles before the end of the decade.
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Alibaba-Backed Chinese AI Startup Files for Hong Kong IPO
MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to tap public markets.
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Rio Tinto’s Iron Ore Output Highest Since 2018; Flags Tariff Costs
The world’s second-biggest miner by market value flagged around $300 million of gross costs from U.S. tariffs on its Canadian aluminum exports.
(END) Dow Jones Newswires
July 16, 2025 09:15 ET (13:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
