Small Business Optimism, consumer credit data: What to Watch
Trade and tariffs will be watched closely after President Trump warned on Truth Social that some countries will be charged an additional 10% tariff.
The June NFIB Small Business Optimism Index will be released, with economists expecting the number to hold relatively steady from May.
Consumer credit data for May is also out tomorrow, with estimates of $10.5 billion — a sharp drop in borrowing from April's $17.9 billion.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
UnitedHealth names Wayne DeVeydt as CFO
(Reuters) -Health insurer UnitedHealth said on Thursday it has appointed Wayne DeVeydt as its chief financial officer, effective September 2.
Yahoo
6 minutes ago
- Yahoo
Huntsman Announces Third Quarter 2025 Common Dividend
THE WOODLANDS, Texas, July 31, 2025 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on September 30, 2025, to stockholders of record as of September 15, 2025. About Huntsman:Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,300 associates within our continuing operations. For more information about Huntsman, please visit the company's website at Social Media:Twitter: Forward-Looking Statements:Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws. View original content to download multimedia: SOURCE Huntsman Corporation
Yahoo
6 minutes ago
- Yahoo
Meta Surges on Blowout Q2 Earnings, Boosting Related ETFs
Shares of Meta Platforms Inc. (META) soared more than 12% to record highs on Thursday after the company reported blockbuster second-quarter earnings and strong guidance for the third quarter. The rally lifted exchange-traded funds with heavy exposure to the stock, including the Communication Services Select Sector SPDR Fund (XLC), where Meta makes up nearly 18% of the portfolio, and the Invesco QQQ Trust (QQQ), where the stock has a 3.5% weighting. Leveraged funds tied to the company also surged. The GraniteShares 2x Long META Daily ETF (FBL) jumped 24% on the day. META Earnings Exceed Estimates Meta reported earnings per share of $7.14, far exceeding analyst estimates of $5.89. Revenue hit $47.5 billion, up 22% year over year and 6% above expectations. The company guided for third-quarter revenue of $49 billion at the midpoint, significantly ahead of the consensus estimate of $46.2 billion. CEO Mark Zuckerberg credited artificial intelligence for driving growth in Meta's core business. 'AI is significantly improving our ability to show people content that they're going to find interesting and useful,' Zuckerberg said on the earnings call. 'Advancements in our recommendation systems have improved quality so much that it has led to a 5% increase in time spent on Facebook and 6% on Instagram just this quarter.' Zuckerberg added that AI is also making Meta's platforms more effective for advertisers while enabling entirely new products, such as AI-powered messaging tools, assistants, and hardware devices. To support these ambitions, Meta has been hiring aggressively, reportedly luring top researchers from rivals like OpenAI and Alphabet Inc. (GOOGL) with lucrative pay packages. These new hires are joining the company's Meta Superintelligence Lab, which is focused on developing next-generation AI models and products. CapEx Aimed at AI The company's Llama family of open-source models has lagged behind rivals like OpenAI's GPT and Google's Gemini, but Zuckerberg said Meta is investing heavily to catch up. Capital expenditures are expected to reach $69 billion this year, with the potential to hit $100 billion in 2026—most of it aimed at scaling up AI infrastructure. While investors have previously balked at Meta's big spending—particularly during the company's pivot to the metaverse in 2021—this time the payoff appears to be coming more quickly. That has helped ease concerns and renew optimism in the company's long-term strategy. Meta hasn't abandoned its metaverse ambitions, but its vision is evolving. Products like the Ray-Ban Meta smart glasses have seen strong demand, and the company is developing more advanced augmented-reality devices that blend its metaverse and AI efforts. For now, investors are clearly encouraged by the combination of a robust advertising business and bold bets on the | © Copyright 2025 All rights reserved Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
