🍏 Apple Inc. has reported its third-quarter earnings, posting an earnings per share (EPS) of $1.57, surpassing the expected $1.42. The company achieved a revenue of $94.04 billion, exceeding estimates of $89.3 billion. iPhone revenue reached $44.58 billion, higher than the anticipated $40.06 billion. Additionally, revenue from Greater China stood at $15.37 billion, slightly above the estimate of $15.19 billion. The quarterly dividend remains steady at 26 cents per share, unchanged from the previous quarter.
🚨 Today's Calendar - August 1, 2025:
The U.S. is set to impose new tariffs on countries failing to finalize trade agreements. A 50% tariff on imported copper products takes effect. Australia and Japan will release their Manufacturing PMI for July, followed by China and India later in the day. The U.S. will report Non-Farm Payrolls, unemployment rates, and consumer sentiment data. The Moscow Exchange has updated its price step for certain stocks. Earnings reports include Positive Technologies and Chevron. For more details, visit here.
The U.S. is set to impose new tariffs on countries failing to finalize trade agreements. A 50% tariff on imported copper products takes effect. Australia and Japan will release their Manufacturing PMI for July, followed by China and India later in the day. The U.S. will report Non-Farm Payrolls, unemployment rates, and consumer sentiment data. The Moscow Exchange has updated its price step for certain stocks. Earnings reports include Positive Technologies and Chevron. For more details, visit here.
🔥🇺🇸 The United States has announced new tariffs against dozens of countries, categorizing trade partners into three groups with rates ranging from 10% to 41%. The highest tariffs are imposed on Syria, Myanmar, Switzerland, Iraq, Serbia, and South Africa. Former President Trump is intensifying the global trade war with this extensive tariff regime, set to take effect on August 7. For more information, visit FT.
⚠️🇺🇸 According to Bank of America, a historically weak period for US stocks begins in August, peaking in mid-September. LPL Research notes that August is one of the weakest months for US stocks, with September being the worst. Goldman Sachs adds that August has historically seen the highest outflows from mutual funds and ETFs. For more insights, visit here.
📊 Australia has reported its Manufacturing PMI for July at 51.3, a slight decline from the previous figure of 51.6.
❗️🇨🇳 China's Caixin Manufacturing PMI for July has been reported at 49.5, a decline from the previous figure of 50.4. This indicates a contraction in the manufacturing sector, raising concerns about the economic outlook.
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📈 The Moscow Exchange Index, IMOEX, is experiencing gains during the morning session, despite looming threats of new sanctions, trade wars, and geopolitical tensions.
⚠️🇺🇸 Apple is facing a potential $2 billion in tariff costs due to Trump's trade policies by the end of September, according to Apple Insider.
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🔥🇺🇸 The United States has announced new tariffs against dozens of countries, categorizing trade partners into three groups with rates ranging from 10% to 41%. The highest tariffs are imposed on Syria, Myanmar, Switzerland, Iraq, Serbia, and South Africa. Former…
🇺🇸 In an interview with NBC News, Trump expressed readiness to negotiate new tariff deals even after August 1.
🚨 Eight OPEC+ countries will increase oil production in August by more than 500,000 barrels per day, according to a report by TASS. This decision reflects ongoing efforts to stabilize the oil market amid fluctuating global demand. For further details, visit the full article here.
🎉 Following recent earnings reports, stock performances have varied significantly. Amazon saw a decline of 6.6%, while Microstrategy fell by 1.5%. Roku experienced a 3% drop, and Coinbase declined by 9%. In contrast, Reddit surged by 18%, and Apple gained 2.5%. Riot Platforms dropped by 7%. For more details, visit Amazon, Microstrategy, Roku, Reddit, Coinbase, Riot Platforms, and Apple.
🚨 India’s Manufacturing PMI for July has reached 59.1, up from 58.4, marking the highest level of manufacturing activity among major countries. This positive economic indicator contrasts sharply with former President Donald Trump's recent comments, where he referred to India's economy as "dying."