All articles tagged with #second quarter
The New York Knicks overcame a slow start to beat the Boston Celtics 105-95, led by Jalen Brunson's 31 points, with a dominant second quarter that shifted the game in their favor. The Knicks displayed offensive balance and strong rebounding, especially on the offensive glass, and improved to 2-0 under new coach Mike Brown.
The article provides a live update and open thread discussion for the second quarter of the Penn State vs. UCLA football game on October 4, 2025, including comments and activity from fans.
The article provides a live open thread and updates on the second quarter of the Penn State vs. Oregon football game, including fan reactions and ongoing commentary.
The US economy's second-quarter GDP growth rate has been revised upward to 3.8%, indicating a stronger economic performance than initially reported.
The US economy's second quarter GDP growth was revised upward to 3.8%, driven by increased consumer spending, indicating resilience and continued momentum into the third quarter, with no immediate recession risk suggested by experts.
The US GDP grew at a 3.3% annual rate in Q2 2025, revised upward from 3%, driven by a rebound in exports and investment, especially in AI-related sectors, after a decline in Q1 caused by increased imports. Despite this growth, concerns remain about weak private demand and inflation outpacing wages, with the economy growing at an average of 1.4% in the first half of the year.
The US economy grew by 3.3% in the second quarter of 2025, rebounding from a 0.5% contraction in the first quarter due to trade war impacts, with stronger consumer spending and a significant drop in imports contributing to the growth, despite declines in private investment and government spending.
Germany's economy shrank by 0.3% in Q2 2025, with weaker industrial output and increased imports contributing to the decline, raising concerns about a potential third consecutive year of recession. The government faces pressure to implement bold reforms to boost competitiveness, while other news includes a court blocking the renaming of a Berlin street and calls for Germany to recognize a Palestinian state.
UK economic growth slowed to 0.3% in Q2 but exceeded forecasts, driven mainly by services and construction, with positive revisions for April. Experts suggest weather and consumer confidence helped, but concerns remain over global economic impacts, business investment, and potential tax hikes. The Bank of England may delay rate cuts amid inflation concerns, while forecasts for the rest of 2023 remain cautious.
McDonald's is expected to report its Q2 earnings with projected EPS of $3.15 and revenue of $6.7 billion, amid a recovery in domestic same-store sales driven by successful promotions, despite previous declines due to economic pressures on low- and middle-income diners.
Berkshire Hathaway's operating profits declined by 4% in Q2 to $11.2 billion, impacted by foreign exchange losses and a $3.8 billion write-down of its Kraft Heinz stake, which is now valued at $8.4 billion. Despite the profit dip, core business segments like railroads and utilities showed growth, and Berkshire maintained a large cash reserve of $344 billion. The company did not repurchase shares in the quarter, and its overall earnings fell nearly 60% due to lower investment gains, though underlying operating profits suggest strength in the business.
The upcoming GDP report for Q2 may appear positive with an estimated growth of around 1.8%, but this is misleading as the growth is primarily driven by a sharp decline in imports rather than genuine economic acceleration. Underlying factors such as weaker investment and slowing private domestic sales suggest the economy is only 'muddling through' with no strong momentum for the rest of the year.
Hasbro exceeded Wall Street expectations in Q2 driven by its digital gaming division, despite a decline in traditional toy sales due to tariffs and other challenges, resulting in a net loss but raising full-year guidance.
Netflix's stock declined about 2% after reporting a record second-quarter revenue of $11.08 billion and raising full-year guidance, but concerns over shrinking margins due to increased content and marketing expenses tempered investor enthusiasm. Despite strong results and optimistic future guidance, the stock's high valuation and margin pressures led to a cautious market response.