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Ukraine Claims Russian Summer Offensive Falls Short of Strategic Goals

A firefighter works at the site of an apartment building hit during a Russian drone and missile strike, amid Russia's attack on Ukraine, in Zaporizhzhia, Ukraine in this handout picture released August 30, 2025. Ukraine’s armed forces have declared that Russia’s much-publicized summer offensive failed to secure full control of any major Ukrainian city, despite Moscow’s claims of significant territorial gains. Russian Chief of General Staff Valery Gerasimov stated that since March, Russian forces had captured over 3,500 square kilometers of territory and taken control of 149 settlements. However, Ukraine’s General Staff dismissed these figures as “grossly exaggerated,” asserting that no major urban centers were fully occupied by Russian troops. Military analysts note that Russia’s campaign, aimed at seizing the Donbas region and forcing Ukraine into concessions, devolved into a slow, attritional struggle rather than the decisive breakthrough Moscow had anticipated. While Russian ...
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Tariffs Rattle GM Earnings as Wall Street Eyes Big Tech Reports

 


Market Overview – July 22, 2025

U.S. stock futures wavered Tuesday morning as Wall Street digested a fresh wave of corporate earnings and braced for potential fallout from ongoing trade tensions. The Dow Jones Industrial Average futures dipped 0.1%, while S&P 500 and Nasdaq 100 futures hovered near the flatline.

GM Takes a Hit from Tariffs

General Motors (GM) reported a sharp 32% drop in core profit for Q2, attributing a $1.1 billion loss to tariff-related costs. The automaker’s stock fell over 3% in premarket trading, and GM warned that the impact could deepen in the coming quarter. This has intensified investor scrutiny of President Trump’s trade policies, especially as negotiations with India and the EU remain stalled.

Tech Earnings on Deck

Investors are now turning their attention to upcoming earnings from Alphabet and Tesla, two members of the “Magnificent Seven.” With valuations soaring, Wall Street is eager to see whether the AI-driven hype can be backed by solid financial performance.

Fed Chair Powell in Focus

Federal Reserve Chair Jerome Powell is set to speak later today amid mounting pressure from President Trump to resign. While Powell is expected to focus on regulatory issues, markets will be watching closely for any hints about the Fed’s stance on tariffs and economic risks.

Other Movers

  • Lockheed Martin shares fell 6% after reporting $1.6 billion in pre-tax losses tied to a classified Aeronautics program.
  • Dutch chipmaker NXP saw its stock slide nearly 6% due to a weak revenue outlook.
  • Medpace Holdings surged over 40% after beating revenue expectations.

Outlook

Despite tariff headwinds, the S&P 500 and Nasdaq Composite notched record closes on Monday, underscoring market resilience. However, with trade negotiations faltering and Big Tech earnings looming, investors remain cautious about how long the rally can last.


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