July 31, 2025

Spotify Lowers Third-Quarter Profit Forecast Amid Higher Employee Taxes

Spotify predicts a lower third-quarter profit due to increased employee taxes, despite strong demand for its premium subscriptions. The company’s shares dropped nearly 9%, and it expanded its share buyback program to $2 billion in an effort to reassure investors.

July 31, 2025

US Economic Growth Projected to Rebound Amid Tariff Challenges

Analysts forecast a 2.5% annual growth rate for the US economy in Q2 following a decline in Q1, influenced by trade shifts and tariffs. Despite this rebound, underlying issues from tariff pressures may hinder long-term growth.

July 31, 2025

Trump's Tariffs Force Companies to Raise Consumer Prices

Procter & Gamble announces price hikes on 25% of its products in the U.S. to offset President Trump's tariffs, dealing a blow to American consumers. Companies face tough choices between lower profits and higher prices, while consumer spending remains cautious amidst inflation concerns.

July 31, 2025

LG Energy Solution Signs $4.3 Billion Deal with Tesla for LFP Batteries

LG Energy Solution has secured a $4.3 billion contract to supply Tesla with lithium iron phosphate batteries for energy storage systems, sourced from LGES's U.S. factory. The deal, extending until 2030, highlights increasing competition in the battery market amid global supply agreements.

July 31, 2025

Trump Raises Tariffs on India and Brazil While Negotiating with South Korea

In a recent trade policy shift, President Trump announced higher tariffs on imports from India and Brazil while negotiating terms with South Korea. India faces a 25% tariff, Brazil a significant hike to 90%, whereas South Korea might see reduced duties in exchange for investments. This follows a broader trend of increasing tariff rates under Trump’s administration.