Ford at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC DETROIT — Ford Motor raised its 2026 earnings forecast Tuesday after beating Wall Street’s second-quarter earnings expectations despite reporting a decline in revenue that slightly missed estimates. Here’s how the company performed in the second…
The Senate Finance Committee released a so-called “Chairman’s Mark” of the Taxpayer Assistance and Service Act ahead of a markup hearing Thursday of a sprawling bipartisan bill that would add new requirements for the Internal Revenue Service as well as tax preparers, including continuing education for unlicensed preparers. Processing Content Senate Finance Committee chairman Mike…
Any time the shares of S&P Global (SPGI -3.94%) are doing worse than the bellwether index the company manages, the S&P 500 index, you know its latest news hasn’t been taken positively. Tuesday morning, S&P Global took the wraps off its latest quarterly earnings report, and there was some confusion about the bottom-line number. In…
Federal Reserve Chairman Kevin Warsh isn’t likely to oversee an increase in interest rates at this week’s Fed meeting, for at least three reasons. First, Warsh personally doesn’t seem to buy the arguments for hikes. Second, raising rates would undermine the outcomes of his task forces. And, third, a rate increase risks putting him on…
Progressive taxation is central to high-income countries’ tax systems, but developing countries typically rely on less progressive instruments. We study the introduction of progressive property taxation in a large Congolese city through a citywide field experiment conducted in partnership with the provincial government. Neighborhoods were randomly assigned to a progressive or a proportional schedule. The…
Geopolitical and valuation concerns are weighing down Palantir shares, while other software stocks ride a wave of rotation out of semiconductors.
Welcome to Eye on AI. Emily Forlini here. In today’s issue: Nvidia, Meta, OpenAI, Microsoft, and others publish an open letter about open source Trump administration nears release of AI framework OpenAI president and co-founder Greg Brockman sits down with Fortune Taiwan detains Nvidia employee allegedly smuggling chips to China Growing calls for OpenAI to…
USD/JPY trades slightly higher near the 163.80 area on Tuesday, remaining close to multi-decade highs as the Japanese Yen (JPY) struggles to attract demand. Softer United States (US) consumer confidence data limited the US Dollar’s advance, although the pair maintained its upward bias. The Conference Board Consumer Confidence Index declined to 90.8 in July from…
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A tornado that caused severe damage in northeastern Wisconsin on July 27 has been preliminarily ruled as an EF3, the National Weather Service said. The tornado stayed on the ground for more than 20 minutes, damaging homes and businesses in Neenah, Menasha and Appleton. There were no immediate reports of injuries. The tornado developed two…