Investing.com -- The European Union is preparing to impose 30% tariffs on approximately €100 billion ($117 billion) worth of US goods if no deal is reached and if US President Donald Trump follows through on his threat to place that rate on most EU exports after August 1, according to a report from Bloomberg. The European Commission spokesman announced Wednesday that as part of an initial ...
Investing.com -- The European Union and United States are approaching a trade agreement that would set 15 percent tariffs on European imports, according to a Financial Times report. Under the proposed agreement, both sides would eliminate tariffs on certain products, including aircraft, spirits, and medical devices. The European Commission, which manages EU trade policy, provided a briefing to mem ...
Investing.com -- Google-parent Alphabet (NASDAQ:GOOGL) on Wednesday reported second-quarter results ahead of Wall Street estimates. The company also raised its 2025 capital spending outlook.Shares rose more than 1% in extended trading after initially falling by more than 2%. The Google parent posted earnings per share of $2.31, above analysts’ expectations of $2.17. Revenue for the quarter ...
Investing.com -- Tesla reported Wednesday mixed second-quarter results as revenue was held back by softening demand amid backlash against CEO Elon Musk’s political views just as competition continues to intensify. Tesla Inc (NASDAQ:TSLA) fell 1% in recent afterhours trading. Tesla announced earnings per share of $0.4 on revenue of $22.5 billion. Analysts polled by Investing.com a ...