President Trump has set August 1 as a hard deadline for foreign nations wanting to sign trade agreements with the U.S. to avoid higher tariffs. Commerce Secretary Howard Lutnick confirmed the steadfastness of the deadline while advising that countries that miss it could still negotiate, albeit under higher tariffs. Investors remain cautiously optimistic amid tariff uncertainties as the earnings season progresses. Verizon reported Q2 earnings of $1.22 per share and a revenue of $34.5 billion, despite a decline in wireless subscribers. The company slightly adjusted its profit growth forecast upward this year.
President Trump's August 1 deadline for foreign nations wanting to sign trade agreements with the U.S. is a "hard" deadline and will not move again.
Investors seem cautiously optimistic despite tariffs uncertainty, as earnings season rolls ahead.
Verizon reported an earnings beat this morning, earning $1.22 per share in Q2, ahead of expectations, and revenue of $34.5 billion also exceeded analyst forecasts.
Despite a shrink in wireless customer count by 9,000, Verizon raised its earnings forecast modestly, stating adjusted profit will grow from 1% to 3% this year.
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