Nvidia reported its second quarter earnings, beating on the top and bottom lines. Data center revenue came in just shy of analyst expectations.
The company also approved an additional $60 billion in stock buybacks.
Nvidia also projected Q3 revenue of $54 billion plus or minus 2%. Expectations were for $53.4 billion.
The company said its projections didn't include H20 sales.
Nvidia shares were up 35% year to date and over 40% over the past 12 months.
finance.yahoo.com/news/nvidia-beats-on-q2-top-and-ā¦
1.3K - 66
President Trump said he removed Federal Reserve Governor Lisa Cook from her post, following through on a threat to oust her if she refused to resign. The decision comes after members of his administration alleged Cook engaged in mortgage fraud related to the purchase of two properties earlier this decade.
"You are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately," the president wrote in a letter addressed to Cook and shared on social media. "I have determined there is sufficient cause to remove you from your position."
Trump said Cook made conflicting declarations about her primary residence, first claiming a Michigan property would serve as her main home, then signing a separate agreement two weeks later stating the same about a Georgia property. He argued it was āinconceivableā she was unaware of the initial pledge and āimpossibleā she intended to honor both.
āIn light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity,ā Trump wrote. āAt a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator.ā
finance.yahoo.com/news/trump-moves-to-oust-feds-liā¦
335 - 150
US soft drinks giant Keurig Dr Pepper is set to create a global coffee giant to rival market leader Nestle with an $18 billion takeover of JDE Peet's, Europe's largest acquisition in more than two years.
The deal proposes splitting the merged entityās coffee operations and other beverage businesses into two separate publicly US-listed companies, as the Dutch company would be delisted from the Amsterdam stock exchange.
The transaction, which comes as the global trade war intensifies corporate action in the consumer goods sector, aims to create $400 million in annual cost savings, allowing the new entities to better fare against rising US tariffs against coffee-producing nations and other trade rivals.
"The new Coffee entity will be somewhat similar in size to the coffee business of NestlƩ... The two would each have a market share of around 20% in the global CPG (coffee and tea consumer packaged goods) coffee market" ING analysts Maxime Stranart said.
finance.yahoo.com/news/keurig-dr-pepper-nears-18-2ā¦
243 - 8
The US and the EU established a written framework for the trade deal agreed to on July 27.
The terms include a 15% US tariff on most EU imports: These include autos, pharmaceutical goods, semiconductors, and lumber ā but not wine and spirits.
The two sides also outlined the EU's promise to remove tariffs on US industrial goods and give better access to US seafood and agricultural products.
"The United States and the European Union, in line with their relevant internal procedures, will promptly document the Agreement on Reciprocal, Fair, and Balanced Trade to implement this Framework Agreement," the statement concluded.
finance.yahoo.com/news/live/trump-tariffs-live-updā¦
364 - 50
Target is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history.
The discounter announced that longtime CEO Brian Cornell's heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026.
Cornell, who has been CEO of Target since August 2014, will slide into the executive chair position for an undetermined period of time.
Fiddelke joined Target in 2003 as an intern and rose through the ranks to CFO and then COO.
finance.yahoo.com/news/target-names-insider-michaeā¦
365 - 36
Warren Buffett's Berkshire Hathaway has acquired 5 million shares in UnitedHealth Group.
Buffett owned about 1.18 million shares in UnitedHealth between 2006 and 2009, before selling his entire stake in 2010 amid a broader retreat from health insurers.
The investment comes as UnitedHealth faces soaring medical costs, federal investigations, the fallout of the killing of a top executive, and a cyberattack last year.
The healthcare conglomerate has signaled prolonged pain with a new, far lower profit forecast as it sees billions of additional costs in the upcoming quarters.
finance.yahoo.com/news/berkshire-hathaway-acquiresā¦
773 - 60
Inflation ticked higher in July, according to new government data released as investors remain alert as to how much President Trumpās tariffs are beginning to affect consumer costs.
The latest data from the Bureau of Labor Statistics showed that "core" inflation, which excludes volatile food and energy costs, rose 3.1% over the past year in July, ahead of June's 2.9% increase and an indication that rising goods inflation is no longer being offset by easing services inflation.
Monthly core prices increased 0.3%, also surpassing the prior month's 0.2% uptick and marking the largest gain in six months. Heading into the report, economists had expected core CPI to rise 3.0% year over year and 0.3% month over month.
On a headline basis, the Consumer Price Index (CPI) increased 2.7% on an annual basis in July, matching June's number and slower than economists expectations of a 2.8% rise. Month over month, prices rose 0.2% compared to June's 0.3% increase, on par with economists' estimates. The monthly drop was driven by lower gasoline prices and moderately softer food inflation.
finance.yahoo.com/news/inflation-rises-by-most-in-ā¦
383 - 72
President Trump signed an executive order implementing another 90-day pause on additional tariffs on China that were set to take effect on August 12th.
The move pushes off a deadline for imposing the harshest taxes on Chinese imports as the two sides continue negotiations on a deal.
The extension appears to mean that headline rates agreed to in May of 30% on Chinese imports and 10% on American goods will continue for the immediate future and avoid a snap-back to previous triple-digit levels.
finance.yahoo.com/news/trump-reportedly-signs-ordeā¦
289 - 56
The latest monthly jobs report showed the US labor market added fewer jobs than expected in July while the unemployment rate moved higher, and revisions to prior months' numbers revealed significantly fewer jobs had been added than initially thought.
The US economy added 73,000 nonfarm payrolls in July, less than than the 104,000 expected by economists. The unemployment rate moved up to 4.2% from 4.1% the month prior, in line with expectations from economists.
In its release, the BLS said downward revisions to the May and June jobs reports, "were larger than normal," with those changes showing more than a quarter million fewer jobs were added to the economy over those months. May's job gains were revised down to 19,000 from 144,000 while June's addition were cut to just 14,000 from the 147,000 initially reported.
finance.yahoo.com/news/us-labor-market-adds-73000-ā¦
501 - 60
Google lost its appeal of a judgeās court order requiring the tech giant to revamp its app store in an antitrust case filed by Fortnite maker Epic Games, Reuters reported.
The 9th U.S. Circuit Court of Appeals rejected Googleās argument that the trial judge made legal errors in the antitrust case that unfairly favored Epic Games.
Epic Games first filed its lawsuit in 2020 and was able to convince a jury in 2023 that Google illegally stifled competition. The trial judge ordered Google last October to open its app store to rivals and give Android users more choice when it comes to downloading apps. The order was on hold pending the outcome of Googleās appeal.
Google argued to the appeals court that its Play Store competes with Appleās App Store, and claimed that the trial judge unfairly prevented it from presenting that argument in defense against Epicās antitrust claims.
finance.yahoo.com/news/google-loses-appeal-over-apā¦
339 - 14
Yahoo Finance aims to help investors of all kinds build and maintain their wealth. Yahoo Finance videos on YouTube dissect markets, data, trends, and real-life financial issues for individual investors, industry leaders, and households through insightful interviews and detailed supercuts across various themes.