Spotify Raises Global Premium Prices to Boost Margins
Spotify is increasing Premium subscription costs by €1 in many non-US markets. This aims to improve margins and fund product innovation following recent financial results.
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Berkshire's Q2: Kraft Heinz Writedown, Tariffs, & Succession
Berkshire Hathaway's Q2 operating income fell 4%, net income plunged 59% due to a $3.76B Kraft Heinz writedown. Tariffs hit consumer goods. High cash, but Buffett's succession impacted stock.
Ferrari: Trade Winds and Stalled Growth
Ferrari's Q2 revenue slightly missed estimates; shares fell in the biggest drop since the 2016 listing. Despite flat shipments, the full-year outlook is confident due to lower US-EU tariffs and planned price hikes.
Trump's New Copper Tariffs & Domestic Mandates
President Trump has set 50% tariffs on semi-finished copper imports starting August 1, excluding refined copper.
AMD's AI Ambition: Instinct MI350 Price Soars 70%
AMD hikes Instinct MI350 AI chip price to $25K, indicating strong demand and a fiercer challenge to NVIDIA. AMD is supplying OpenAI/Tesla.
Samsung Lands $16.5B Tesla AI Chip Deal: A Strategic Boost
This win is strategically crucial for Samsung's struggling foundry division, as it helps address under-utilization and is expected to attract other major customers.