Liberty Social Bar & Kitchen opens in Powell in former Gallo's space
Join the Columbus Business First to unlock even more insights!
A downtown Columbus deli owner is adding a casual restaurant in Powell.
Syam Duddela will open Liberty Social Bar & Kitchen Saturday at 240 N. Liberty St. in the Liberty Station center.
'We want this to be a family friendly space,' he said. 'This is a good market with a lot of different demographics.'
GET TO KNOW YOUR CITY
Find Local Events Near You
Connect with a community of local professionals.
Explore All Events
The menu will have broad appeal – classics including burgers, New York-style pizza, a house-seasoned corned beef for Reubens and jumbo chicken wings.
But Duddela said Liberty Social will have a few elevated entrees as well including pastas, salmon, steak and a lamb chop special.
The chef is Andre Saultz who, according to a press release, will make many items from scratch including the wing sauces, salad dressings and the potato-and-cheddar pierogies with lemon pesto.
Duddela said they hope to court local sports team gatherings and family and group events, not just for regular business, but also for the mezzanine level of the restaurant, which can be used for events.
He's also devising regular theme nights to drive additional traffic.
The restaurant expects to have limited hours until May 4.
Regular hours will be 11 a.m. to 10 p.m. Tuesday through Thursday. It'll stay open until 11 p.m. on Friday and Saturday. Sunday hours will be 10 a.m. to 9 p.m. There will be a brunch menu on Saturdays and Sundays.
To encourage more late-night business, the bar will have food and drink specials from 9 p.m. to close Tuesday through Thursday and from 10 p.m. to close on Friday and Saturday.
Liberty Social is still hiring as well.
Duddela and his family moved from India to Columbus in 2011. His background primarily is in business consulting with experience in human resources and accounting among other areas.
But he grew up working in his uncle's restaurant in India and has always had a pull toward that industry as well.
He bought Danny's Deli downtown in 2019. Now called Danny's Deli-cious, he still owns it today. He also owned DeVine Tastings & Dining in the Short North, a Covid-19 casualty that opened at the start of the pandemic and lasted for three years.
That space is set to become a Voodoo Brewing taproom franchised by his friend Srinivas 'Sam' Madhamshetti.
While the deli is a classic, fast-paced lunch spot, the experience with the more sit-down nature of DeVine made Duddela want to open another casual eatery.
'I like the social aspect, people chatting, enjoying themselves, having a space they can spend time together,' he said.
He lives in Delaware so Powell was close proximity. When he saw the space was available, he jumped at it.
The restaurant most recently was Gallop's Bar & Kitchen, but is best known as the former Gallo's Tap Room.
The Gallo family closed the Powell location as it opened a new restaurant in Dublin last year.
The brief few months as Gallop's was under a different operator.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Stock market today: Nasdaq, S&P 500 waver amid wave of earnings as tariffs bite GM profit
US stocks traded mixed on Tuesday after notching new all-time highs the prior day. The moves come as Wall Street continues to wade through a fresh wave of earnings that brought a tariff warning from General Motors (GM). The Nasdaq Composite (^IXIC) dropped 0.4% ahead of the first round of Big Tech quarterly results while the S&P 500 (^GSPC) traded just around the flatline. Meanwhile, the Dow Jones Industrial Average (^DJI) climbed about 0.3%. So far, the market has proven resilient in the face of tariff uncertainty, with the S&P 500 and Nasdaq hitting fresh record closes on Monday. Earnings season has been largely upbeat, buoying stocks and sentiment — though the market is now weighing how far the recent rally can run. Earnings results from a wave of companies on Tuesday were mixed. The stocks of General Motors (GM), Philip Morris (PM), RTX (RTX), and Lockheed Martin (LMT) sank after their quarterly results disappointed Wall Street. General Motors reported that its core profit sank over 32% in the second quarter as tariff headwinds sapped $1.1 billion from its results. The Big Three automaker warned the hit would be deeper in the current quarter, providing food for thought to investors assessing the impact of President Trump's trade policy. Read more: Full earnings coverage in our live blog At the same time, Wall Street awaits second-quarter results from "Magnificent Seven" members Alphabet (GOOGL, GOOG) and Tesla (TSLA) on Wednesday. As the valuation of large-cap tech stocks soars, investors are hoping for reassurance that the hype around AI is more than just buzz. The watch is on for signs of progress in trade talks as the clock ticks down to President Trump's Aug. 1 deadline to strike a deal or face higher tariffs. Prospects for a US-India pact appear to be faltering with negotiations deadlocked as US talks with the European Union, another key trading partner, also hit the buffers. Read more: The latest on Trump's tariffs Stocks bounce after President Trump announces trade deal with the Philippines The S&P 500 (^GSPC), tech-heavy Nasdaq Composite (^IXIC), and Dow Jones Industrial Average (^DJI) nudged higher in afternoon trading after President Trump announced the US struck a trade deal with the Philippines. Stocks remained mixed, with the Dow leading gains, up 0.2%. Goods from the Philippines bound for the US will face a 19% tariff instead of the 20% duties that were scheduled to go into effect Aug. 1. "President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives," Trump posted on Truth Social. "It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff. In addition, we will work together Militarily. Read more about the latest trade negotiations and tariff updates here. Homebuilder stocks soar, GM stock slips as investors digest earnings Here's a quick update on how shares of companies that reported earnings this morning are performing: Google (GOOG) shares were up fractionally and Tesla (TSLA) stock gained about 1% ahead of their highly anticipated reports on Wednesday. Expect more volatility as companies report, Annex Wealth Management chief economist Brian Jacobsen told Yahoo Finance on Friday. "Earnings misses are going to get punished a lot more than usual. I don't think investors have the patience to really deal with companies that are missing any of those estimates." Read about the latest earnings results here. Wall Street analysts bullish on Amazon ahead of earnings Wall Street analysts lifted their price targets on Amazon stock ahead of the Facebook and Instagram parent's quarterly earnings report July 31. Needham analyst Laura Martin lifted her outlook on Amazon shares on Tuesday to $265 from $220, citing "strong" revenue growth for the company's cloud division, AWS, "record-breaking" Amazon Prime days, waning tariff woes, and lower costs in its logistics operations (i.e. deliveries) due to generative artificial intelligence. "AMZN is reporting strong improvement in its labor productivity, which we believe is a lead indicator to upside share price performance," Martin added. Deutsche Bank analyst Lee Horowitz also lifted his price target on Amazon stock to $266 from $230, noting that "consumers continue to spend" as "tariff concerns wane," a positive sign for online commerce. He also noted "healthy" advertising revenue and "AI tailwinds" for AWS revenue as positive indicators for Amazon ahead of its second quarter earnings report. To be sure, Amazon is facing some internal turmoil. The company has seen backlash from employees after CEO Andy Jassy wrote a memo to staffers that AI will lead to job cuts across the company. Meanwhile, workers with disabilities said the company has used AI to deny their requests for accommodations and have filed complaints with the Equal Employment Opportunity Commission and the National Labor Relations Board, alleging Amazon has violated the Americans with Disabilities Act with its RTO policies. Coinbase and PNC to work together as crypto reaches for Main Street The largest US cryptocurrency exchange and a Pittsburgh regional lender announced a strategic partnership Tuesday that shows how upstart crypto and old-school banking are coming closer together, Yahoo Finance's David Hollerith reports. Hollerith writes: Read the full story here. Nvidia falls for third day after record rally Nvidia (NVDA) shares fell around 2% late Tuesday morning, marking the third day of declines for the AI chipmaker after it rallied to fresh all-time highs last week. The drop comes as a burgeoning South Korean chipmaking rival FuriosaAI scored its first major customer. Despite the drop, Nvidia is up around 24% for the year as the stock has undergone a remarkable turnaround following its first quarter earnings in May after a rocky start to 2025. Its most recent rally last week came on the heels of the chipmaker's announcement that it was set to resume sales of its AI chips to China — a major reversal after a surprise export ban from the Trump administration in April was on track to result in billions in lost sales. Also on Tuesday, startup Reka AI announced that Nvidia, along with Snowflake, was part of a group to invest $110 million in the company during its latest funding round. Nvidia has invested in a number of AI companies, including OpenAI, Elon Musk's xAI, Inflection, Scale AI, and more. Kohl's surges nearly 30% as retail investors boost stock Kohl's (KSS) stock jumped nearly 30% Tuesday morning, with trading briefly halted for volatility after shares jumped as much as 105% earlier in the session. The notorious subreddit for meme traders, r/wallstreetbets, was buzzing with users posting about their trades of the stock Tuesday morning, and it was also trending on the popular forum for retail investors, Stocktwits. Northrop Grumman stock pops after boost to 2025 profit outlook Northrop Grumman's (NOC) shares jumped over 9% after it raised its full-year forecast on the heels of strong quarterly profit and revenue beats. The aerospace and defense giant has lifted its outlook as geopolitical tensions sustain demand for its defense products. Beyond that, the company is in talks to support the planned Golden Dome missile system. The Trump administration is searching for new partners for the project as tensions with Elon Musk threaten SpaceX's dominance, Reuters reported. Northrop Grumman reported second quarter earnings of $8.15 a share, versus $6.82 expected. Revenue came in at $10.35 billion, well above the $10.05 billion consensus view. Reuters reported: Read more here. Circle stocks extends decline after analyst downgrade Circle shares fell more than 7% Tuesday morning, extending its 3.4% drop the day prior. The declines come as the stablecoin issuer's stock was downgraded to Sell from Neutral at investment bank Compass Point following the passage of the first federal framework for dollar-backed stablecoins last week. 'While we expected CRCL to rally into stablecoin legislation, crypto investors typically 'sell the news' after highly anticipated events,' Compass Point analyst Ed Engel wrote in a note to investors Monday. 'As such, we expect CRCL to retrace some of its recent rally after the GENIUS act was signed into law on 7/18.' Engel also cited 'emerging competition from banks and fintechs' following the passage of the GENIUS Act. 'We expect more mainstream fintechs and banks to announce competing stablecoins in 2H25 [the second half of 2025],' he wrote, adding that 'many mainstream businesses have wider distribution networks than CRCL.' US stocks mixed at the open US stocks wavered on Tuesday after hitting new all-time highs the day prior, as Wall Street waded through a fresh wave of earnings. The Dow Jones Industrial Average (^DJI) rose nearly 0.1%. Meanwhile, the S&P 500 (^GSPC) traded roughly flat. The Nasdaq Composite (^IXIC) slipped 0.1% ahead of the first Big Tech quarterly results Wednesday from Alphabet (GOOGL, GOOG) and Tesla (TSLA). The stocks of General Motors's (GM), Philip Morris (PM), RTX (RTX), and Lockheed Martin (LMT) sank after their quarterly results disappointed Wall Street. Coca-Cola (KO) shares dropped despite reporting earnings that topped forecasts. Bessent calls for internal review of Fed but doesn't think Powell needs to step down Yahoo Finance's David Hollerith reports: Read more here. Wall Street is being stubbornly bullish on downtrodden energy stocks Wall Street analysts have high hopes for oil and gas stocks, encouraged by cheap valuations and President Trump's full-throated support for the beleaguered energy sector. Bloomberg reports: Read more here. Coca-Cola tops Q2 estimates on steady soda demand, plans cane sugar-based products Coca-Cola (KO) beat Wall Street's second quarter revenue and profit estimates on Tuesday, as steady soda demand and higher prices boosted profits. But the stock was down about 1% in premarket trading, as case volumes fell overall. Notably, the company said it plans to launch an offering made with US cane sugar under its trademark Coca-Cola product range this fall. In recent days, President Trump said that the company agreed to use cane sugar in its products, which Coke didn't confirm at the time. Here's what Coca-Cola reported, per Reuters: Read more here. Lockheed Martin Q2 profit plummets on $1.6 billion charge Lockheed Martin (LMT) stock fell 6% premarket after the defense giant recorded pre-tax losses of $1.6 billion, mainly linked to a classified program within its Aeronautics segment. Reuters reports: Read more here. GM stock falls as Trump tariffs take $1B bite out of earnings US automaker General Motors (GM) stock fell over 3% before the bell on Tuesday after reporting a fall in second quarter core profit of 32% to $3 billion. The automaker said tariffs have sapped $1.1 billion from results as it continues to grapple with President Trump's challenging trade war. Reuters reports: Read more here. Trump Media stock tests the limits of bitcoin accumulation Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Chipmaker NXP's stock falls as forecast fails to impress investors Dutch chipmaker NXP (NXPI) disappointed investors with a less-than-bullish revenue outlook for the next quarter, sending its stock sliding almost 6% in premarket trade. Bloomberg reports: Read more here. Good morning. Here's what's happening today. Economic data: Richmond Fed manufacturing index (July) Earnings: Capital One (COF), Coca-Cola (KO), DR Horton (DHI), Enphase Energy (ENPH), GM (GM), Lockheed Martin (LMT), Philip Morris International (PM), SAP (SAP), Texas Instruments (TXN) Here are some of the biggest stories you may have missed overnight and early this morning: Ethereum is surging, and more companies want in Chances of an India-US trade deal are dimming Nvidia chip challenger FuriosaAI lands its first major customer Trump-backed $500B Stargate AI project is struggling: WSJ Bessent calls for deeper US bank regulatory reforms Universal Music confidentially files for US listing Tesla's retro-futuristic diner officially opens Trending tickers: Nvidia, Oracle and Medpace Here are some top stocks trending on Yahoo Finance in premarket trading: Nvidia (NVDA) stock fell over 1% premarket following news that FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia (NVDA) Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. (META) Oracle (ORCL) shares dropped over 2% in premarket trading after it was announced that Stargate, a multi-billion-dollar effort by ChatGPT's creator OpenAI ( SoftBank (SFTBY, 9984.T) and Oracle (ORCL) are now setting a more modest goal of building a small data center by the end of the year, according to reports in The Wall Street Journal reported on Monday. Medpace Holdings, Inc. (MEDP) stock surged over 40% before the bell on Tuesday after exceeding analysts revenue expectations on Monday, with sales up over 14% year on year to $603.3 million. Oil prices fall as trade war pulls down investor sentiment Oil prices fell early morning Tuesday as the trade negotiations between the EU and the US continue to impact the economic landscape for crude consumption. Reuters reports: Read more here. Stocks bounce after President Trump announces trade deal with the Philippines The S&P 500 (^GSPC), tech-heavy Nasdaq Composite (^IXIC), and Dow Jones Industrial Average (^DJI) nudged higher in afternoon trading after President Trump announced the US struck a trade deal with the Philippines. Stocks remained mixed, with the Dow leading gains, up 0.2%. Goods from the Philippines bound for the US will face a 19% tariff instead of the 20% duties that were scheduled to go into effect Aug. 1. "President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives," Trump posted on Truth Social. "It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff. In addition, we will work together Militarily. Read more about the latest trade negotiations and tariff updates here. The S&P 500 (^GSPC), tech-heavy Nasdaq Composite (^IXIC), and Dow Jones Industrial Average (^DJI) nudged higher in afternoon trading after President Trump announced the US struck a trade deal with the Philippines. Stocks remained mixed, with the Dow leading gains, up 0.2%. Goods from the Philippines bound for the US will face a 19% tariff instead of the 20% duties that were scheduled to go into effect Aug. 1. "President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives," Trump posted on Truth Social. "It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff. In addition, we will work together Militarily. Read more about the latest trade negotiations and tariff updates here. Homebuilder stocks soar, GM stock slips as investors digest earnings Here's a quick update on how shares of companies that reported earnings this morning are performing: Google (GOOG) shares were up fractionally and Tesla (TSLA) stock gained about 1% ahead of their highly anticipated reports on Wednesday. Expect more volatility as companies report, Annex Wealth Management chief economist Brian Jacobsen told Yahoo Finance on Friday. "Earnings misses are going to get punished a lot more than usual. I don't think investors have the patience to really deal with companies that are missing any of those estimates." Read about the latest earnings results here. Here's a quick update on how shares of companies that reported earnings this morning are performing: Google (GOOG) shares were up fractionally and Tesla (TSLA) stock gained about 1% ahead of their highly anticipated reports on Wednesday. Expect more volatility as companies report, Annex Wealth Management chief economist Brian Jacobsen told Yahoo Finance on Friday. "Earnings misses are going to get punished a lot more than usual. I don't think investors have the patience to really deal with companies that are missing any of those estimates." Read about the latest earnings results here. Wall Street analysts bullish on Amazon ahead of earnings Wall Street analysts lifted their price targets on Amazon stock ahead of the Facebook and Instagram parent's quarterly earnings report July 31. Needham analyst Laura Martin lifted her outlook on Amazon shares on Tuesday to $265 from $220, citing "strong" revenue growth for the company's cloud division, AWS, "record-breaking" Amazon Prime days, waning tariff woes, and lower costs in its logistics operations (i.e. deliveries) due to generative artificial intelligence. "AMZN is reporting strong improvement in its labor productivity, which we believe is a lead indicator to upside share price performance," Martin added. Deutsche Bank analyst Lee Horowitz also lifted his price target on Amazon stock to $266 from $230, noting that "consumers continue to spend" as "tariff concerns wane," a positive sign for online commerce. He also noted "healthy" advertising revenue and "AI tailwinds" for AWS revenue as positive indicators for Amazon ahead of its second quarter earnings report. To be sure, Amazon is facing some internal turmoil. The company has seen backlash from employees after CEO Andy Jassy wrote a memo to staffers that AI will lead to job cuts across the company. Meanwhile, workers with disabilities said the company has used AI to deny their requests for accommodations and have filed complaints with the Equal Employment Opportunity Commission and the National Labor Relations Board, alleging Amazon has violated the Americans with Disabilities Act with its RTO policies. Wall Street analysts lifted their price targets on Amazon stock ahead of the Facebook and Instagram parent's quarterly earnings report July 31. Needham analyst Laura Martin lifted her outlook on Amazon shares on Tuesday to $265 from $220, citing "strong" revenue growth for the company's cloud division, AWS, "record-breaking" Amazon Prime days, waning tariff woes, and lower costs in its logistics operations (i.e. deliveries) due to generative artificial intelligence. "AMZN is reporting strong improvement in its labor productivity, which we believe is a lead indicator to upside share price performance," Martin added. Deutsche Bank analyst Lee Horowitz also lifted his price target on Amazon stock to $266 from $230, noting that "consumers continue to spend" as "tariff concerns wane," a positive sign for online commerce. He also noted "healthy" advertising revenue and "AI tailwinds" for AWS revenue as positive indicators for Amazon ahead of its second quarter earnings report. To be sure, Amazon is facing some internal turmoil. The company has seen backlash from employees after CEO Andy Jassy wrote a memo to staffers that AI will lead to job cuts across the company. Meanwhile, workers with disabilities said the company has used AI to deny their requests for accommodations and have filed complaints with the Equal Employment Opportunity Commission and the National Labor Relations Board, alleging Amazon has violated the Americans with Disabilities Act with its RTO policies. Coinbase and PNC to work together as crypto reaches for Main Street The largest US cryptocurrency exchange and a Pittsburgh regional lender announced a strategic partnership Tuesday that shows how upstart crypto and old-school banking are coming closer together, Yahoo Finance's David Hollerith reports. Hollerith writes: Read the full story here. The largest US cryptocurrency exchange and a Pittsburgh regional lender announced a strategic partnership Tuesday that shows how upstart crypto and old-school banking are coming closer together, Yahoo Finance's David Hollerith reports. Hollerith writes: Read the full story here. Nvidia falls for third day after record rally Nvidia (NVDA) shares fell around 2% late Tuesday morning, marking the third day of declines for the AI chipmaker after it rallied to fresh all-time highs last week. The drop comes as a burgeoning South Korean chipmaking rival FuriosaAI scored its first major customer. Despite the drop, Nvidia is up around 24% for the year as the stock has undergone a remarkable turnaround following its first quarter earnings in May after a rocky start to 2025. Its most recent rally last week came on the heels of the chipmaker's announcement that it was set to resume sales of its AI chips to China — a major reversal after a surprise export ban from the Trump administration in April was on track to result in billions in lost sales. Also on Tuesday, startup Reka AI announced that Nvidia, along with Snowflake, was part of a group to invest $110 million in the company during its latest funding round. Nvidia has invested in a number of AI companies, including OpenAI, Elon Musk's xAI, Inflection, Scale AI, and more. Nvidia (NVDA) shares fell around 2% late Tuesday morning, marking the third day of declines for the AI chipmaker after it rallied to fresh all-time highs last week. The drop comes as a burgeoning South Korean chipmaking rival FuriosaAI scored its first major customer. Despite the drop, Nvidia is up around 24% for the year as the stock has undergone a remarkable turnaround following its first quarter earnings in May after a rocky start to 2025. Its most recent rally last week came on the heels of the chipmaker's announcement that it was set to resume sales of its AI chips to China — a major reversal after a surprise export ban from the Trump administration in April was on track to result in billions in lost sales. Also on Tuesday, startup Reka AI announced that Nvidia, along with Snowflake, was part of a group to invest $110 million in the company during its latest funding round. Nvidia has invested in a number of AI companies, including OpenAI, Elon Musk's xAI, Inflection, Scale AI, and more. Kohl's surges nearly 30% as retail investors boost stock Kohl's (KSS) stock jumped nearly 30% Tuesday morning, with trading briefly halted for volatility after shares jumped as much as 105% earlier in the session. The notorious subreddit for meme traders, r/wallstreetbets, was buzzing with users posting about their trades of the stock Tuesday morning, and it was also trending on the popular forum for retail investors, Stocktwits. Kohl's (KSS) stock jumped nearly 30% Tuesday morning, with trading briefly halted for volatility after shares jumped as much as 105% earlier in the session. The notorious subreddit for meme traders, r/wallstreetbets, was buzzing with users posting about their trades of the stock Tuesday morning, and it was also trending on the popular forum for retail investors, Stocktwits. Northrop Grumman stock pops after boost to 2025 profit outlook Northrop Grumman's (NOC) shares jumped over 9% after it raised its full-year forecast on the heels of strong quarterly profit and revenue beats. The aerospace and defense giant has lifted its outlook as geopolitical tensions sustain demand for its defense products. Beyond that, the company is in talks to support the planned Golden Dome missile system. The Trump administration is searching for new partners for the project as tensions with Elon Musk threaten SpaceX's dominance, Reuters reported. Northrop Grumman reported second quarter earnings of $8.15 a share, versus $6.82 expected. Revenue came in at $10.35 billion, well above the $10.05 billion consensus view. Reuters reported: Read more here. Northrop Grumman's (NOC) shares jumped over 9% after it raised its full-year forecast on the heels of strong quarterly profit and revenue beats. The aerospace and defense giant has lifted its outlook as geopolitical tensions sustain demand for its defense products. Beyond that, the company is in talks to support the planned Golden Dome missile system. The Trump administration is searching for new partners for the project as tensions with Elon Musk threaten SpaceX's dominance, Reuters reported. Northrop Grumman reported second quarter earnings of $8.15 a share, versus $6.82 expected. Revenue came in at $10.35 billion, well above the $10.05 billion consensus view. Reuters reported: Read more here. Circle stocks extends decline after analyst downgrade Circle shares fell more than 7% Tuesday morning, extending its 3.4% drop the day prior. The declines come as the stablecoin issuer's stock was downgraded to Sell from Neutral at investment bank Compass Point following the passage of the first federal framework for dollar-backed stablecoins last week. 'While we expected CRCL to rally into stablecoin legislation, crypto investors typically 'sell the news' after highly anticipated events,' Compass Point analyst Ed Engel wrote in a note to investors Monday. 'As such, we expect CRCL to retrace some of its recent rally after the GENIUS act was signed into law on 7/18.' Engel also cited 'emerging competition from banks and fintechs' following the passage of the GENIUS Act. 'We expect more mainstream fintechs and banks to announce competing stablecoins in 2H25 [the second half of 2025],' he wrote, adding that 'many mainstream businesses have wider distribution networks than CRCL.' Circle shares fell more than 7% Tuesday morning, extending its 3.4% drop the day prior. The declines come as the stablecoin issuer's stock was downgraded to Sell from Neutral at investment bank Compass Point following the passage of the first federal framework for dollar-backed stablecoins last week. 'While we expected CRCL to rally into stablecoin legislation, crypto investors typically 'sell the news' after highly anticipated events,' Compass Point analyst Ed Engel wrote in a note to investors Monday. 'As such, we expect CRCL to retrace some of its recent rally after the GENIUS act was signed into law on 7/18.' Engel also cited 'emerging competition from banks and fintechs' following the passage of the GENIUS Act. 'We expect more mainstream fintechs and banks to announce competing stablecoins in 2H25 [the second half of 2025],' he wrote, adding that 'many mainstream businesses have wider distribution networks than CRCL.' US stocks mixed at the open US stocks wavered on Tuesday after hitting new all-time highs the day prior, as Wall Street waded through a fresh wave of earnings. The Dow Jones Industrial Average (^DJI) rose nearly 0.1%. Meanwhile, the S&P 500 (^GSPC) traded roughly flat. The Nasdaq Composite (^IXIC) slipped 0.1% ahead of the first Big Tech quarterly results Wednesday from Alphabet (GOOGL, GOOG) and Tesla (TSLA). The stocks of General Motors's (GM), Philip Morris (PM), RTX (RTX), and Lockheed Martin (LMT) sank after their quarterly results disappointed Wall Street. Coca-Cola (KO) shares dropped despite reporting earnings that topped forecasts. US stocks wavered on Tuesday after hitting new all-time highs the day prior, as Wall Street waded through a fresh wave of earnings. The Dow Jones Industrial Average (^DJI) rose nearly 0.1%. Meanwhile, the S&P 500 (^GSPC) traded roughly flat. The Nasdaq Composite (^IXIC) slipped 0.1% ahead of the first Big Tech quarterly results Wednesday from Alphabet (GOOGL, GOOG) and Tesla (TSLA). The stocks of General Motors's (GM), Philip Morris (PM), RTX (RTX), and Lockheed Martin (LMT) sank after their quarterly results disappointed Wall Street. Coca-Cola (KO) shares dropped despite reporting earnings that topped forecasts. Bessent calls for internal review of Fed but doesn't think Powell needs to step down Yahoo Finance's David Hollerith reports: Read more here. Yahoo Finance's David Hollerith reports: Read more here. Wall Street is being stubbornly bullish on downtrodden energy stocks Wall Street analysts have high hopes for oil and gas stocks, encouraged by cheap valuations and President Trump's full-throated support for the beleaguered energy sector. Bloomberg reports: Read more here. Wall Street analysts have high hopes for oil and gas stocks, encouraged by cheap valuations and President Trump's full-throated support for the beleaguered energy sector. Bloomberg reports: Read more here. Coca-Cola tops Q2 estimates on steady soda demand, plans cane sugar-based products Coca-Cola (KO) beat Wall Street's second quarter revenue and profit estimates on Tuesday, as steady soda demand and higher prices boosted profits. But the stock was down about 1% in premarket trading, as case volumes fell overall. Notably, the company said it plans to launch an offering made with US cane sugar under its trademark Coca-Cola product range this fall. In recent days, President Trump said that the company agreed to use cane sugar in its products, which Coke didn't confirm at the time. Here's what Coca-Cola reported, per Reuters: Read more here. Coca-Cola (KO) beat Wall Street's second quarter revenue and profit estimates on Tuesday, as steady soda demand and higher prices boosted profits. But the stock was down about 1% in premarket trading, as case volumes fell overall. Notably, the company said it plans to launch an offering made with US cane sugar under its trademark Coca-Cola product range this fall. In recent days, President Trump said that the company agreed to use cane sugar in its products, which Coke didn't confirm at the time. Here's what Coca-Cola reported, per Reuters: Read more here. Lockheed Martin Q2 profit plummets on $1.6 billion charge Lockheed Martin (LMT) stock fell 6% premarket after the defense giant recorded pre-tax losses of $1.6 billion, mainly linked to a classified program within its Aeronautics segment. Reuters reports: Read more here. Lockheed Martin (LMT) stock fell 6% premarket after the defense giant recorded pre-tax losses of $1.6 billion, mainly linked to a classified program within its Aeronautics segment. Reuters reports: Read more here. GM stock falls as Trump tariffs take $1B bite out of earnings US automaker General Motors (GM) stock fell over 3% before the bell on Tuesday after reporting a fall in second quarter core profit of 32% to $3 billion. The automaker said tariffs have sapped $1.1 billion from results as it continues to grapple with President Trump's challenging trade war. Reuters reports: Read more here. US automaker General Motors (GM) stock fell over 3% before the bell on Tuesday after reporting a fall in second quarter core profit of 32% to $3 billion. The automaker said tariffs have sapped $1.1 billion from results as it continues to grapple with President Trump's challenging trade war. Reuters reports: Read more here. Trump Media stock tests the limits of bitcoin accumulation Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Chipmaker NXP's stock falls as forecast fails to impress investors Dutch chipmaker NXP (NXPI) disappointed investors with a less-than-bullish revenue outlook for the next quarter, sending its stock sliding almost 6% in premarket trade. Bloomberg reports: Read more here. Dutch chipmaker NXP (NXPI) disappointed investors with a less-than-bullish revenue outlook for the next quarter, sending its stock sliding almost 6% in premarket trade. Bloomberg reports: Read more here. Good morning. Here's what's happening today. Economic data: Richmond Fed manufacturing index (July) Earnings: Capital One (COF), Coca-Cola (KO), DR Horton (DHI), Enphase Energy (ENPH), GM (GM), Lockheed Martin (LMT), Philip Morris International (PM), SAP (SAP), Texas Instruments (TXN) Here are some of the biggest stories you may have missed overnight and early this morning: Ethereum is surging, and more companies want in Chances of an India-US trade deal are dimming Nvidia chip challenger FuriosaAI lands its first major customer Trump-backed $500B Stargate AI project is struggling: WSJ Bessent calls for deeper US bank regulatory reforms Universal Music confidentially files for US listing Tesla's retro-futuristic diner officially opens Economic data: Richmond Fed manufacturing index (July) Earnings: Capital One (COF), Coca-Cola (KO), DR Horton (DHI), Enphase Energy (ENPH), GM (GM), Lockheed Martin (LMT), Philip Morris International (PM), SAP (SAP), Texas Instruments (TXN) Here are some of the biggest stories you may have missed overnight and early this morning: Ethereum is surging, and more companies want in Chances of an India-US trade deal are dimming Nvidia chip challenger FuriosaAI lands its first major customer Trump-backed $500B Stargate AI project is struggling: WSJ Bessent calls for deeper US bank regulatory reforms Universal Music confidentially files for US listing Tesla's retro-futuristic diner officially opens Trending tickers: Nvidia, Oracle and Medpace Here are some top stocks trending on Yahoo Finance in premarket trading: Nvidia (NVDA) stock fell over 1% premarket following news that FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia (NVDA) Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. (META) Oracle (ORCL) shares dropped over 2% in premarket trading after it was announced that Stargate, a multi-billion-dollar effort by ChatGPT's creator OpenAI ( SoftBank (SFTBY, 9984.T) and Oracle (ORCL) are now setting a more modest goal of building a small data center by the end of the year, according to reports in The Wall Street Journal reported on Monday. Medpace Holdings, Inc. (MEDP) stock surged over 40% before the bell on Tuesday after exceeding analysts revenue expectations on Monday, with sales up over 14% year on year to $603.3 million. Here are some top stocks trending on Yahoo Finance in premarket trading: Nvidia (NVDA) stock fell over 1% premarket following news that FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia (NVDA) Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. (META) Oracle (ORCL) shares dropped over 2% in premarket trading after it was announced that Stargate, a multi-billion-dollar effort by ChatGPT's creator OpenAI ( SoftBank (SFTBY, 9984.T) and Oracle (ORCL) are now setting a more modest goal of building a small data center by the end of the year, according to reports in The Wall Street Journal reported on Monday. Medpace Holdings, Inc. (MEDP) stock surged over 40% before the bell on Tuesday after exceeding analysts revenue expectations on Monday, with sales up over 14% year on year to $603.3 million. Oil prices fall as trade war pulls down investor sentiment Oil prices fell early morning Tuesday as the trade negotiations between the EU and the US continue to impact the economic landscape for crude consumption. Reuters reports: Read more here. Oil prices fell early morning Tuesday as the trade negotiations between the EU and the US continue to impact the economic landscape for crude consumption. Reuters reports: Read more here. 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
San Francisco Chronicle
20 minutes ago
- San Francisco Chronicle
‘We're not leaving': In-N-Out responds to rumors about California exit
In-N-Out Burger is staying put in California, despite CEO Lynsi Snyder's personal decision to relocate her family to Tennessee, the company said Tuesday. The popular fast food chain reaffirmed that its corporate headquarters will remain in the state, following a wave of speculation sparked by CEO Lynsi Snyder's announcement that she and her family are relocating to Tennessee. 'We're not moving In-N-Out Burger's corporate headquarters,' read a joint statement from Snyder and the company. 'We're not leaving California, or leaving our roots behind. Each one of our locations is here to stay.' The move to Tennessee, the company said, is part of a previously announced expansion that includes opening an 'Eastern Territory' office in Franklin, Tenn., by 2026. Snyder will reside there with her family, but the majority of the company's operations will remain in California. In-N-Out is consolidating its West Coast offices in Baldwin Park — home to the original 1948 location — and phasing out its Irvine office by 2030, a year later than initially planned. California Gov. Gavin Newsom's office also pushed back against the rumors. 'For those interested in the facts, rather than fiction, In-N-Out is expanding East — creating a second HQ in Tennessee,' the office posted on X. 'In-N-Out continues to expand in California — adding more locations in the Golden State this year than any other state.' Speculation about the company's future in California intensified after Snyder appeared on conservative pundit Allie Beth Stuckey's 'Relatable' podcast last week, where she aired personal frustrations about life and business in the state. 'There's a lot of great things about California, but raising a family is not easy here,' Snyder said. 'Doing business is not easy here.' She also referenced a COVID-era clash with San Francisco officials, when one location was temporarily shut down for refusing to enforce vaccine mandates. 'We're not policing our customers,' Synder said. 'I'm very proud of where In-N-Out started,' she wrote. 'Anyone who knows me knows how often I talk about our beginnings and how our Customers here in California helped bring us to where we are today.'
Bloomberg
21 minutes ago
- Bloomberg
Meme Stock Fever Is Spreading Like It's 2021 With Kohl's Soaring
By and Carmen Reinicke Save Stocks are at all-time highs. Chatter on WallStreetBets is surging. Retail traders are flooding into low-priced shares. It's not 2021, and the shares of the moment aren't GameStop Corp., AMC Entertainment Holdings Inc. or the now-bankrupt Bed Bath & Beyond. In 2025's meme stock mania, the companies du jour are Opendoor Technologies Inc. and Kohl's Corp.
