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Seeking Alpha’s daily roundup of statements, announcements and remarks that could impact markets, sectors or individual stocks.
- Treasury Secretary Scott Bessent has called for a full review of the Federal Reserve’s operations amid rising tensions between the Trump administration and the central bank.
“What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC on Monday. “Has the organization succeeded in its mission? If this were the [Federal Aviation Administration] and we were having this many mistakes, we would go back and look at why has this happened.”
Bessent did not elaborate on who would conduct the review or what it would entail.
- Stellantis (NYSE:STLA) said it expects to post a net loss of 2.3 billion euros for the first half of 2025 due in part to pre-tax net charges amounting to around 3.3 billion euros and the impact of higher U.S. tariffs, which it estimated at approximately 0.3 billion euros.
The automaker also said North American vehicle shipments for Q2 fell 25% year-over-year. Stellantis expects to release its 1H 2025 earnings report on July 29.
The European company owns several leading car brands, including Chrysler, Jeep and Dodge.
- Ryanair (NASDAQ:RYAAY) (OTCPK:RYAOF) expects Boeing (NYSE:BA) to pay any tariffs due on the 29 jets it ordered, or it may delay delivery.
“If there are tariffs, it’ll be on Boeing’s account, not Ryanair’s,” Ryanair CFO Neil Sorahan told Bloomberg TV. “We remain hopeful that sense will prevail.”
Ryanair CEO Michael O’Leary said during a conference call with analysts on Monday that the airline might take deliveries of the jets through its U.K. unit as there are no surplus fees on Boeing aircraft under the new U.S.-U.K. trade deal. O’Leary said he also believes the Trump administration will delay the introduction of tariffs until September or October, Bloomberg said.
- Alaska Air (NYSE:ALK) warned on Monday that it might experience additional flight disruptions due to technical problems at its data centers, which forced the air carrier to halt all flights for around three hours on Sunday.
“Additional flight disruptions are likely as we reposition aircraft and crews throughout our network,” Alaska Air said in a statement, according to CNBC. “The IT outage is not related to any other current events, and it’s not a cybersecurity event.”