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Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
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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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