Trump Escalates Battle With Wall Street Journal
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Wall Street was poised for a stronger start on Wednesday after President Donald Trump struck a trade deal with Japan, shoring up expectations of further agreements ahead of the fast-approaching August 1 deadline.
For the second quarter, due Wednesday morning, Wall Street is looking for Ebitda of $721 million and earnings per share of $1.51 from sales of $8.8 billion.
That helped to offset big gains for some homebuilders after they reported stronger profits for the spring than Wall Street had forecast. D.R. Horton rallied 14.5%, and PulteGroup rose 9.2%. That was even as both companies said homebuyers are continuing to deal with challenging conditions, including higher mortgage rates and an uncertain economy.
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
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The move comes after The Journal reported that the president sent Jeffrey Epstein a birthday card in 2003 with a drawing of a naked woman.
Wall Street dipped to small losses in premarket trading, but indexes remained near record highs on another big day for corporate earnings reports
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Wall Street's biggest bull sees tech and AI driving an 11% stock gain, fueled by strong fundamentals, M&A activity, and consumer spending through 2025.
El repunte de las acciones, que han alcanzado una serie de máximos históricos, muestra signos de agotamiento, mientras los inversionistas analizan una nueva tanda de resultados empresariales y siguen de cerca las últimas noticias del frente comercial.
Lockheed reports earnings per share of $1.46 from sales of $18.2 billion. Wall Street was looking for EPS of $6.41 from sales of $18.5 billion.