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Apple crushes Wall Street expectations as iPhone sales soar

SAN FRANCISCO — Apple on Thursday reported sales and profit that far surpassed expectations, showing that its efforts to re-route its sprawling global supply chain away from U.S. President Donald Trump’s trade war have so far succeeded. Apple said it earned $94.04 billion in revenue for its fiscal third quarter ended June 28, up nearly 10% from a year earlier and beating analyst expectations of $89.54 billion, according to LSEG data. Its earnings per share of $1.57 per share topped expectations of $1.43 per share. Sales of iPhones, the Cupertino, California, company’s best-selling product, were up 13.5% to $44.58 billion, beating analyst expectations of $40.22 billion. Apple has been shifting production of products bound for the U.S., sourcing iPhones from India and other products such as Macs and Apple Watches from Vietnam. Still, the company had warned investors that U.S. tariffs could cost it $900 million in the fiscal third…

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Psychedelics Market Update: H1 2025 in Review

The psychedelic drugs market is emerging as a strategic investment opportunity in healthcare, with forecasts generally placing its value around US$6.4 billion in 2025. This burgeoning sector is set for robust, double-digit compound annual growth, significantly driven by North America, which is anticipated to account for approximately 45–50 percent of this market. The first half of 2025 was characterized by clinical advancements and softening policy stances, furthering momentum and contributing to growing market interest. Clinical progress and policy shifts drive market interest Interest in the space continued in H1 as drug candidates advanced into pivotal trials, particularly in the treatment of depression, anxiety and PTSD. Cybin (NYSEAMERICAN:CYBN) reported meaningful progress, citing investor and regulatory confidence in the therapeutic potential of psilocybin, LSD analogs and DMT derivatives. Cybin’s 2025 financial results, released on June 30, highlighted significant progress in its lead programs, as well as its strong financial position, with C$135…

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Gold Retreats, Equities Down as Fed Leaves Rates Unchanged​

The US Federal Reserve held its fifth meeting of 2025 from Tuesday (July 29) to Wednesday (July 30) against a backdrop of trade tensions, spurred on by the Trump administration’s tariffs. The central bank met analysts’ expectations by holding its benchmark rate in the 4.25 to 4.5 percent range. Chair Jerome Powell stated that although there were differences of opinion among the Federal Open Markets Committee members, they were clear on why they made their decisions, noting that inflation was tracking higher, but the job market remained stable. “The labor market looks solid, inflation is above target, and even if you look through the tariff effects, we think it’s still a bit above target, and that’s why our stance is where it is,” Powell said. The Fed chair also noted a slowing in gross domestic product, which he pointed out was up 2.5 percent in 2024, but initial data from…

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Recall warns some Celsius energy drink cans accidentally contain alcohol

The canned cocktail maker High Noon is warning customers that some of its vodka seltzers were accidentally labeled as Celsius energy drinks. In a recall notice posted to the Food and Drug Administration’s website, High Noon said an unspecified number of its Beach Variety packs contain cans are filled with High Noon vodka seltzer alcohol but have been mislabeled as Celsius Astro Vibe energy drink, Sparkling Blue Razz Edition, with a silver top. Celsius Astro Vibe Energy Drink, Sparkling Blue Razz Edition.Celsius The products were shipped to retailers in Florida, New York, Ohio, South Carolina, Virginia and Wisconsin from July 21 to July 23. The recall was initiated after High Noon discovered that a shared packaging supplier mistakenly shipped empty Celsius cans to High Noon, it said. No illnesses have been reported to date. This post appeared first on NBC NEWS

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Trump ends de minimis exemption for global low-cost goods

President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said. Any goods shipped through the international postal network will be subject to tariff rates based on the value of the package and its country of origin. The move comes after Trump in May shuttered the de minimis loophole for goods from China and Hong Kong. A federal trade court on Monday declined to block Trump’s de minimis ban, even after an auto parts retailer argued the action was unlawful and threatened its business. Use of the de minimis provision has exploded in recent years as online shopping has become more prevalent. Ultra-cheap online retailers such as Temu and Shein have used…

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Piche Resources

Investor Insight With high-quality, drill-ready assets with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold. Overview Piche Resources (ASX:PR2) is an ASX-listed mineral exploration company focused on uranium and gold exploration in Tier-1 jurisdictions: Western Australia and Argentina. The company holds 100 percent ownership of all of its projects and is supported by a highly experienced board and technical team. Targeting globally significant discoveries in Tier-1 mineral provinces Piche’s portfolio includes the advanced-stage Ashburton uranium project in Western Australia and two large-scale exploration projects in Argentina: the Cerro Chacon gold-silver project and the Sierra Cuadrada uranium project. These projects have delivered high-grade exploration results and are drill-ready, positioning the company to unlock significant shareholder value through systematic exploration programmes. Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team…

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Ethereum Price History: A Decade of Disrupting Finance

When Canadian-Russian programmer Vitalik Buterin penned a white paper in 2013 outlining a new kind of blockchain platform, few could have predicted the seismic impact it would have on the world of finance, technology, and beyond. Today (July 30), Ethereum turns 10 years old, marking a milestone that represents a decade of one of the most influential blockchain platforms and a testament to the growing pains, triumphs, and resilience of the decentralized movement. How did Ethereum go from a white paper drafted by a 19-year-old to a billion-dollar ecosystem that reshaped global finance? Read on to find out more. What is Ethereum and who invented it? Co-founder Buterin said in a 2016 interview that Ethereum was born out of admiration for Bitcoin’s decentralized structure and frustration at its limited capabilities. “I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going…

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Union Pacific to buy Norfolk in $85 billion mega U.S. railroad deal

July 29 (Reuters) – Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country’s first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the U.S. If approved, the deal would be the largest-ever buyout in the sector and combine Union Pacific‘s stronghold in the western two-thirds of the United States with Norfolk’s 19,500-mile network that primarily spans 22 eastern states. The two railroads are expected to have a combined enterprise value of $250 billion and would unlock about $2.75 billion in annualized synergies, the companies said. The $320 per share price implies a premium of 18.6% for Norfolk from its close on July 17, when reports of the merger first emerged. The companies said on Thursday they were in advanced discussions for a possible merger. The deal will face lengthy regulatory scrutiny amid…

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Top 5 Junior Copper Stocks on the TSXV in 2025

The copper price climbed to a record high of US$5.64 per pound on the COMEX during the second quarter of 2025. The price rise comes on the back of escalating trade tensions and economic chaos from the United States’ new tariff policy. While copper was initially spared from tariffs at the start of the year, US President Donald Trump announced the US would be imposing a 50 percent tariff on all copper products entering the US. The announcement sparked speculative buying by US metals traders, who sought to position themselves ahead of the yet-to-be-announced tariff deadline. How has this affected small-cap copper-focused companies on the TSX Venture Exchange? Read on to learn about the five best-performing junior copper stocks since the start of 2025. Data for this article was gathered on July 17, 2025, using TradingView’s stock screener, and copper companies with market caps of over C$10 million at that…

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