US STOCKS-Wall Street inches up as Trump's EU trade remarks and Fed hints stir caution
Published on: July 25, 2025, 7:48 p.m. | Source: Devdiscourse
Tesla CEO Elon Musk warned of tougher quarters ahead amid shrinking U.S. EV subsidies, while General Motors took a hit after absorbing a $1.1-billion blow in its second-quarter earnings from Trump's tariffs. Intel dropped 9% after the chipmaker forecast steeper third-quarter losses than the Street expected and announced plans to slash jobs.
