Tariff refunds: $100 billion returned to importers
Roughly $100B in tariff refunds were certified after the Supreme Court struck parts of the tariffs; hearings continue in the Court of International Trade.
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2 min read
Finance
Latest in Finance
Healey's October Budget: 4 wealth tax options
Chancellor John Healey faces tight fiscal limits in his October budget, weighing capital gains and property tax reforms to raise £24 billion without
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8 min read
Chevron posts record $12.1bn quarterly profit
Chevron posted a record $12.1 billion profit in Q2 2026 as U.S. output and refinery margins rose, boosting cash flow and shareholder returns overall.
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Fed pause tightened markets more than a 25bp hike
Fed pause at 3.50%-3.75% on July 29 sent U.S. long-term yields sharply higher, tightening financial conditions possibly more than a 25-basis-point hike.
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Telus cuts dividend 55% to C$0.1875
Telus cut its quarterly dividend 55% to C$0.1875 after a C$2.1 billion impairment, freeing C$2.7 billion through 2028 for debt reduction and reinvestment.
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Healthcare stocks overlooked, JPMorgan sees 22% gain
JPMorgan sees a 22% rise in U.S. healthcare earnings in 2027, urging investors to revisit med-tech and drug stocks while watching patent and policy risks.
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SpaceX IPO $75 billion raises allocation questions
SpaceX IPO raised $75 billion, but advisers, institutions got the largest allocations. Who got shares, how SPCX traded and what investors should watch.
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SK Hynix ADRs: 2.5% cap locks 34% premium
SK Hynix ADRs sit about 34% above Korean onshore shares after an issuer-set 2.5% conversion cap and a temporary freeze on issuance through July 29.
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Dimension Capital $800M fund adds $300M for AI-bio startups
Dimension Capital closed an $800M third fund, adding $300M to back AI-bio and science-compute startups. It will let the firm lead larger rounds.
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US gas prices hit $4 a gallon again, diesel above $5
US gas prices hit $4 per gallon again as crude rallied amid U.S.-Iran tensions; diesel topped $5. Higher fuel raises freight, grocery costs and inflation risk.
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3.2 trillion rotation leaves S&P effectively stalled
3.2 trillion moved between mega-cap tech and semiconductor stocks, leaving the S&P 500 rangebound as returns concentrated in a handful of mega-caps.
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WestJet strike: 99.4% vote could leave travellers uninsured
WestJet strike authorised by 99.4% of flight attendants. Insurers may exclude strike claims for policies bought after the vote. Check the purchase date.
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Netflix stock falls 8.6% after soft third-quarter guidance
Netflix shares fell 8.6% after Q3 revenue and EPS guidance missed LSEG consensus, prompting market re-pricing and doubts about its ad-revenue path.
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6.9M licence numbers fuel Robinhood email takeover scams
6.9M drivers' licence numbers exposed in a breach make phishing more convincing. How scammers use licence numbers, and steps to protect accounts today.
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Goldman up 1% as JPMorgan and BofA slide
Goldman rose about 1% while JPMorgan and BofA fell after mixed bank earnings, as traders weighed trading results, net interest income and July Fed odds.
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3 min read
Big banks set for 26% jump in investment-banking fees
KBW forecasts a roughly 26% year-on-year rise in Q2 investment banking revenue at the largest U.S. banks, driven by a mega SpaceX IPO, higher volatility and fas
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Home exchanges surge as Canadians cut travel costs
Canadians are using home exchanges to cut lodging costs, with HomeExchange reporting more than 15,000 swaps planned for the summer as membership rises.
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Meta stock surges 14.8%, best week in years
Meta shares rose 14.8% on product updates and a low-cost developer API, reviving hopes its AI infrastructure can be monetized before Q2 results soon.
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BDE Score publishes live 0-100 ratings for 74 US, Hong Kong and China A-share stocks
Open-source BDE Score returns live 0-100 ratings for 74 US, Hong Kong and China A-share tickers via a public REST API, GitHub docs and demo for devs.
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49,000 Chinese EVs cleared for Canada, tariff set
Ottawa approved a 49,000-vehicle annual quota allowing Chinese-built EVs into Canada at a 6.1% tariff, rising to 70,000 by year five. First shipment report due
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Blue Origin $10B raise to fix New Glenn, fund space data
Blue Origin seeks about $10 billion to repair the New Glenn launch pad and bankroll satellite broadband and in-orbit data centres, the NYT reports.
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3 min read
Katherine Heigl lists Oakley estate for $10.6M
The $10.6 million asking price for Katherine Heigl's Oakley, Utah, estate stands in sharp contrast with the roughly $1 million lot she bought in 2007. Realtor.c
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IATA: 100 billion fuel hit pushes airlines into travel boom
100 billion. That's how much the International Air Transport Association says higher jet fuel will shave from airline profits in 2026. Carriers have begun trimm
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2 min read
S&P profits outpace forecasts by 15 percentage points; payouts may rise
S&P earnings beat forecasts by roughly 15 percentage points, leaving firms with extra cash. Income investors should watch for dividend raises this summer.
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2 min read
12 travel gadgets that cut packing hassles
ZDNET's roundup features 12 pocket-sized travel gadgets, including compact chargers, multi-use cables and audio dongles, timed for July 4 and Prime deals.
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