UK Supreme Court to deliver judgement on motor finance scandal

UK Supreme Court to deliver judgement on motor finance scandal

Key Points Britain’s top court is poised to deliver a highly anticipated judgment on the country’s multi-billion-pound car finance debacle. The crisis has drawn comparisons to Britain’s Payment Protection Insurance scandal, which was estimated to have cost lenders more than £50 billion ($66.1 billion). Notably, analysts at RBC Capital Markets slashed their estimates for how much…

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We’re reiterating our rating on Amazon as shares fall in the after hours

We’re reiterating our rating on Amazon as shares fall in the after hours

Amazon on Thursday delivered better-than-expected results on both the top and bottom lines for the second quarter. But a small revenue beat from Amazon Web Services and mixed third-quarter guidance weren’t enough to impress investors, knocking the stock down after hours. Revenue increased 13% year over year to $167.7 billion, beating expectations for $162.09 billion,…

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Apple’s killer quarter buys more time for the company to deliver clarity on AI

Apple’s killer quarter buys more time for the company to deliver clarity on AI

Apple delivered a solid June quarter Thursday evening, and the stock moved higher. However, the lack of any real artificial intelligence strategy updates tempered investor enthusiasm. The stock remains an AI “show me” story — and in a market currently being powered by the AI trade, that’s all anyone really cares about. Revenue in Apple’s…

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Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods

Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods

U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that confirmed “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%….

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