Joby Aviation, which is developing electric aircraft, will acquire the passenger business of Blade, a New York helicopter operator, for $125 million.
Category: Stocks and Bonds
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Stocks Drop as Trump’s New Tariffs Weigh on Markets
President Trump’s newest barrage of tariffs, major corporate earnings reports and an imminent reading on the U.S. labor market weighed on markets.
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Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year.
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Ozempic Maker’s Stock Plunges 20% After Profit Warning
Novo Nordisk slashed its financial forecasts as it struggled to fight off competition in the United States. It also named a new chief executive, who highlighted the “urgency” of the moment.
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Boeing Reports Strongest Revenue in Six Years
Although the aerospace company lost money in the second quarter, it built and sold more planes as it recovered from quality crises and a workers strike.
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Investors See Few Alternatives to U.S. Treasuries. Could Europe Make One?
As President Trump’s chaotic economic policies provoke questions about U.S. stability, a proposal for European countries to issue joint debt has drawn attention.
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Elon Musk Sees ‘Rough’ Times Ahead
Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.
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Global Markets Rally on Japan Deal Euphoria
But more big tests loom with trade talks still continuing between the Trump administration and counterparts in China and the European Union.
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Is the U.S. Riskier Than Emerging Markets?
While the U.S. stock market has rebounded, the combination of the Trump tariffs, a volatile dollar and an erratic bond market has begun to shake global investment thinking.
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Will Investors Ever Believe Trump’s Threats Against Powell?
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.
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For Big Banks, the Trump Era Is Proving Profitable Thus Far
JPMorgan’s Jamie Dimon lauded the “resilient” U.S. economy as his bank reported bumper quarterly earnings.