Reported about 4 hours ago
Shares of India's digital payment firm Paytm dropped nearly 10% following the finance ministry's declaration that reports about potential fees on UPI transactions were false. The decline is attributed to negative market sentiment surrounding the firm's future profitability, with analysts suggesting a significant impact on its adjusted core profits in upcoming fiscal years.
Source: YAHOO
Reported about 5 hours ago
Bunge is on the verge of obtaining a ruling from Chinese regulators regarding its $8.2 billion acquisition of Viterra, which is backed by Glencore. The merger aims to establish a major global player in crop trading, akin to competitors like Archer-Daniels-Midland and Cargill. With most approvals secured worldwide, the companies are now optimistic about finalizing the deal, with a decision from China expected soon.
Source: YAHOO
Reported about 5 hours ago
A Chinese-backed militia has secured control of new rare earth mines in eastern Myanmar, as Beijing aims to strengthen its grip on these essential minerals amid ongoing trade tensions with the U.S. The rare earths extracted from these mines are crucial for manufacturing magnets used in electric vehicles and other vital technologies. The operations are protected by the United Wa State Army, which maintains close ties with China, thereby facilitating mining activities that are essential for Beijing's supply chain.
Source: YAHOO
Reported about 5 hours ago
In response to ongoing technological upheaval driven by AI and uncertainties surrounding antitrust regulations, Google has begun offering buyouts to additional employees as part of its financial strategy.
Source: YAHOO
Reported about 5 hours ago
Google has initiated buyouts for a portion of its employees in key divisions as part of a new round of cost-cutting efforts, coinciding with an impending court ruling that may lead to the breakup of the company's extensive internet operations.
Source: YAHOO
Reported about 5 hours ago
Asian shares showed mixed performance following a stagnation in Wall Street's rally, with minimal market reactions to the latest China-U.S. trade discussions. Major indexes in Japan, Hong Kong, and Taiwan experienced losses, while South Korea and Australia saw slight gains. Investors are still hopeful for a comprehensive trade agreement to ease tensions between the two largest economies, which could impact inflation and economic growth.
Source: YAHOO
Reported about 5 hours ago
Airbus remains cautiously optimistic about achieving its goal of delivering 820 aircraft in 2025, despite facing supply chain bottlenecks, including nearly 40 completed airframes waiting for engines. CEO Christian Scherer noted improvements in overall supply chains, particularly with CFM engine production for single-aisle jets. While monthly delivery figures show recent declines, he emphasized that the company has not altered its delivery expectations, believing that production will ramp up by year-end.
Source: YAHOO
Reported about 5 hours ago
Airbus has raised its 20-year demand forecast for commercial jets, projecting the delivery of 43,420 aircraft from 2025 to 2044, a 2% increase from last year's forecast. Despite ongoing trade tensions and a slight reduction in growth predictions for global trade and GDP, Airbus remains optimistic about the air transport industry's resilience and anticipates continued growth in air traffic.
Source: YAHOO
Reported about 5 hours ago
Quantum Computing shares jumped 25% on Wednesday to their highest level since December, driven by Nvidia CEO Jensen Huang's positive outlook on the industry. The stock broke out of a rectangular chart formation, signaling a strong uptrend. Investors should watch for resistance levels around $27 and $37.50, with support near $15 and $9, indicating potential buy opportunities as the stock continues to evolve.
Source: YAHOO
Reported about 7 hours ago
Global stocks and the dollar fell as investors reacted to a mild U.S. inflation report and uncertain trade relations with China, compounded by rising tensions in the Middle East. European markets are expected to open lower, while U.S. stocks paused after recent rallies. Concerns about Trump's tariff policies and potential impacts on inflation are adding to market caution. The euro benefited from the dollar's downturn, reaching a seven-week high.
Source: YAHOO
Reported about 8 hours ago
The dollar depreciated on heightened expectations of potential Federal Reserve rate cuts and ongoing trade tensions. President Trump's willingness to extend the July 8 deadline for trade talks, coupled with a lack of clarity on U.S.-China negotiations, fueled market uncertainty. As a result, the euro reached a seven-week high against the dollar, while other currencies also gained. Analysts noted that while the Fed may consider cuts, the European Central Bank's recent stance may support the euro's strength.
Source: YAHOO
Reported about 8 hours ago
Source: YAHOO
Reported about 10 hours ago
U.S. regulators have postponed the implementation of new data reporting requirements for investment advisers to private funds, just one day before they were set to take effect. The delay, approved by the SEC and CFTC, aims to allow more time for dialogue with filers and to assess the reasonableness of data demands. Private funds have raised concerns about the necessity and cost of the new rules, which are designed to improve oversight of the growing private markets.
Source: YAHOO
Reported about 10 hours ago
On June 12, investors should pay attention to the upcoming Producer Price Index (PPI) which is forecasted to rise slightly, along with Adobe's Q2 earnings report expected to reveal low growth due to a slump in subscriptions and a continuing decrease in year-over-year revenue growth. Additionally, weekly jobless claims data is anticipated to show a slight decline, indicating ongoing resilience in the job market.
Source: YAHOO
Reported about 11 hours ago
GameStop's shares fell approximately 5% during regular trading and an additional 10% in after-hours trading after the company revealed plans for a $1.75 billion convertible notes offering, primarily aimed at funding its Bitcoin investments. The offering aligns with previous announcements made in March and is part of GameStop's transformation into a Bitcoin treasury, having recently acquired over 4,700 bitcoins.
Source: YAHOO
Reported about 12 hours ago
Oracle has reported a strong fiscal fourth quarter with revenues of $15.90 billion, exceeding estimates, and anticipates triple-digit growth for its cloud revenue in fiscal year 2026. Analyst Pat Walravens praises Oracle's cloud business growth and its competitive edge against major players like Amazon and Microsoft, particularly through its partnership with Nvidia and focus on high-performance infrastructure without the distraction of developing its own chips.
Source: YAHOO
Reported about 13 hours ago
During his testimony before Congress, Treasury Secretary Scott Bessent reaffirmed his commitment to his current position and expressed no desire to replace Federal Reserve Chair Jerome Powell. He defended the administration's tax and trade policies, specifically addressing the recently negotiated deal with China, while also navigating criticisms surrounding the proposed tax bill.
Source: YAHOO
Reported about 14 hours ago
The article discusses the complexities and financial risks associated with organizing World Pride DC 2025, featuring insights from Ryan Bos, executive director of Capital Pride Alliance. It highlights the significance of corporate sponsorships which are crucial for funding such large-scale community celebrations, especially in a changing political climate that has led to some sponsors withdrawing support. Bos emphasizes the importance of visibility, community engagement, and financial planning in ensuring Pride events remain free and accessible.
Source: YAHOO
Reported about 15 hours ago
In today's Market Minute, Yahoo Finance's Julie Hyman reports on Voyager Technologies (VOYG) successfully launching its IPO on the New York Stock Exchange, opening at $69.65 after pricing at $31. Tesla CEO Elon Musk expresses regret over his public spats with President Trump, while GameStop (GME) faces challenges after reporting a decline in first quarter revenue and announcing substantial Bitcoin purchases.
Source: YAHOO
Reported about 16 hours ago
Chewy CEO Sumit Singh recently reported that the online pet retailer has a resilient supply chain that enables quick reactions to disruptions, despite missing earnings guidance. The company, which derives about 85% of its sales from non-discretionary items and gains a significant proportion of revenue from its subscription service, Autoship, continues to see strong customer demand. Singh expressed confidence about Chewy's future performance and emphasized that the business remains insulated from broader supply chain challenges, thereby maintaining profitability and growth momentum.
Source: YAHOO
Reported about 17 hours ago
Ethereum ETFs have achieved consecutive record inflows, totaling $326 million in just one week, since receiving SEC approval last year. The influx reflects a heightened risk appetite among investors, largely influenced by favorable SEC indications regarding cryptocurrency staking. Notably, funds like the iShares Ethereum Trust are attracting significant investments as investors seek to capitalize on potential returns in the crypto market.
Source: YAHOO
Reported about 18 hours ago
GitLab's stock fell after releasing disappointing second quarter guidance, triggering concerns about its growth. In contrast, SailPoint's shares surged nearly 20% following strong earnings and an increased full-year outlook. Additionally, Meta announced a significant $14 billion investment in Scale AI and the hiring of its CEO, an effort to enhance its positioning in the competitive AI landscape.
Source: YAHOO
Reported about 18 hours ago
A recent report showed milder-than-expected CPI inflation, leaving Federal Reserve policymakers inclined to maintain their current interest rates until there's more clarity on the effects of President Trump's tariffs. Despite some economists predicting visible impacts from tariffs in the CPI report, inflation pressures remained stable in May. The Fed is likely to continue its wait-and-see approach, delaying any rate cuts, especially in light of a strong labor market. President Trump has urged the Fed to cut rates, but officials emphasize concerns about inflation risks over employment.
Source: YAHOO
Reported about 18 hours ago
Source: INVESTORS
Reported about 18 hours ago
Starbucks is set to implement an enhanced staffing and service model across its 18,000 North American outlets by the end of summer 2025, moving beyond its initial plan which targeted only a third of U.S. locations. CEO Brian Niccol announced a pilot program at 700 stores aimed at improving service efficiency, which has already shown positive sales results. This initiative is part of the 'Back to Starbucks' strategy, which focuses on exceptional service, customer connection, and an overall revitalization of the brand experience.
Source: YAHOO