Second quarter earnings season began with positive surprises. FactSet data shows S&P 500 companies expect a 5.6% jump in earnings. Wall Street banks have moved on from Trump’s trade war. Companies adjust to tariffs, like Johnson & Johnson and 3M. Netflix stock fell post-earnings despite beating estimates. Alphabet, Tesla, and other big names report next week. Big Tech companies are poised to drive S&P 500 earnings growth this quarter. Major companies set to report earnings next week include Cleveland Cliffs, Domino’s Pizza, and Verizon on Monday, followed by Coca-Cola, GM, and SAP on Tuesday. Wednesday will see Alphabet, Tesla, and AT&T releasing earnings.

Netflix stock fell 5% after second-quarter results disappointed investors. Despite this, there were still positive aspects in the quarter. American Express CFO noted remarkable consumer spending resilience. Market volatility boosted Charles Schwab’s Q2 profits. 3M saw a rise in stock after an earnings beat and raised profit forecast. 3M has revised its 2025 profit forecast, anticipating a $0.10 per share impact, lower than previously estimated. Other companies like Johnson & Johnson have also reduced their projected losses from tariffs, with JNJ halving its expected impact to $200 million.

Netflix reported earnings that surpassed expectations but saw its stock dip after hours. While the operating margin was solid, it fell short of expectations, causing some investor disappointment. The company raised its revenue guidance for the full year, but investors were hoping for more.

Abbott beat earnings estimates in the second quarter but its third-quarter forecast was below expectations, leading to a drop in share prices. The healthcare company reported strong sales of continuous glucose monitors and plans to build a manufacturing facility in Georgia to mitigate tariff impacts.

Taiwan Semiconductor Manufacturing Company posted a record quarterly profit and raised its sales outlook due to growing artificial intelligence demand. TSMC, Nvidia’s primary chip manufacturer, also noted that Nvidia can resume sales of its H20 chip in China, potentially recouping up to $15 billion in revenue. Thu, July 17, 2025 at 11:44 AM UTC – TSMC reports a 60% surge in Q2 profit, with stock rising 3% in premarket trading. While tariffs could impact Q4 income, TSMC remains positive. PepsiCo expects a smaller profit drop due to US soda demand and a weaker dollar.

Wed, July 16, 2025 at 8:55 PM UTC – GE Aerospace raises 2025 profit view on increased demand for fixing older jets. United Airlines posts better-than-expected earnings but trims profit outlook. Progressive stock rises on earnings beat, with $5.40 per share, 14.8% above estimates.

Wed, July 16, 2025 at 7:53 PM UTC – Stocks had a wild ride in Q2, benefiting big banks. J.B. Hunt faces challenges forecasting amid tariffs. ASML shares slump as the chipmaking linchpin warns on growth for 2026. GE Aerospace and United Airlines report varied earnings trends.

Wed, July 16, 2025 at 4:35 PM UTC – Progressive stock rises on earnings beat, with sales growth of 15.7% and $5.40 per share. J.B. Hunt highlights a dynamic forecasting challenge amid tariffs. ASML shares fall after warning of potential sales decline in 2026. United Airlines trims profit outlook after posting better-than-expected earnings. 1. The United Nations reports that global carbon dioxide emissions reached a record high in 2020, despite pandemic-related shutdowns. The increase is attributed to ongoing reliance on fossil fuels and lack of sufficient action to combat climate change.

2. A new study published in a scientific journal shows that the Arctic is warming at a rate twice as fast as the rest of the world. This rapid warming is leading to melting ice caps, rising sea levels, and disruptions in ecosystems.

3. The European Union has announced plans to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. This ambitious target is part of the EU’s commitment to achieving carbon neutrality by 2050 and combating the climate crisis.

4. In a landmark ruling, a Dutch court has ordered Royal Dutch Shell to cut its carbon emissions by 45% by 2030. The court found that Shell’s current emissions reduction targets were insufficient to meet the goals of the Paris Agreement and protect human rights.

5. The Biden administration has unveiled a $2 trillion infrastructure plan aimed at addressing climate change, creating jobs, and boosting economic growth. The plan includes investments in clean energy, electric vehicles, public transportation, and upgrading the country’s aging infrastructure.

6. Scientists warn that the world is running out of time to take meaningful action on climate change. Without urgent measures to reduce emissions and transition to renewable energy sources, the planet faces catastrophic consequences such as extreme weather events, food shortages, and mass displacement of populations. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling over 500 points. Investors are concerned about rising inflation and potential interest rate hikes by the Federal Reserve.

2. A new study suggests that eating a Mediterranean diet may help reduce the risk of developing Alzheimer’s disease. The diet, rich in fruits, vegetables, olive oil, and whole grains, has been linked to improved brain health and cognitive function.

3. The United Nations reports that over 200 million people could face severe food insecurity due to the ongoing conflict in Yemen. The country is on the brink of famine, with millions of children at risk of malnutrition and starvation.

4. NASA’s Perseverance rover successfully collected its first rock sample on Mars, marking a major milestone in the mission to search for signs of ancient life on the Red Planet. Scientists are excited to analyze the sample for potential evidence of microbial life.

5. The Tokyo Paralympics have come to a close, with athletes from around the world showcasing their incredible abilities and inspiring stories. Team USA finished with a total of 37 gold medals, highlighting the talent and determination of Paralympic athletes. 1. The stock market reached record highs today, with the Dow Jones Industrial Average closing at 30,000 for the first time ever. This milestone comes amid positive news about COVID-19 vaccines and hopes for a strong economic recovery in 2021.

2. In other news, the United States reported over 170,000 new cases of COVID-19 yesterday, marking the highest daily total since the pandemic began. Health officials are urging Americans to remain vigilant and follow safety guidelines to prevent further spread of the virus.

3. The holiday shopping season is in full swing, with online sales expected to reach new heights this year. Retailers are offering deep discounts and promotions to attract customers, as many consumers opt for online shopping over in-person visits to stores.

4. A new study published in a leading medical journal found that wearing face masks significantly reduces the risk of COVID-19 transmission. Researchers recommend wearing masks in public spaces and when social distancing is not possible to help curb the spread of the virus.

5. The United Nations Climate Change Conference kicked off today, with world leaders gathering virtually to discuss ways to combat climate change and reduce greenhouse gas emissions. The conference comes amid growing concerns about the impact of climate change on the environment and global economy.

Read more at finance.yahoo.com: Second quarter earnings season off to strong start with Tesla, Google on deck