Reported about 1 hour ago
Source: YAHOO
Reported about 4 hours ago
Blackstone plans to invest $25 billion in Pennsylvania for the development of data centers and natural gas power plants, as announced by COO Jon Gray at the Energy and Innovation Summit. The investment aims to tackle the growing demand for AI technologies by using energy-intensive data centers co-located with power generation facilities, which could streamline operational processes and reduce wait times for new installations.
Source: YAHOO
Reported about 4 hours ago
In recent comments during JPMorgan's earnings call, Jamie Dimon stressed the crucial nature of the Federal Reserve's independence, advocating for it in contrast to President Trump's ongoing criticism of the central bank for not reducing interest rates. This statement highlights a significant divergence between Dimon's stance and the administration's approach, as he underscores the importance of maintaining an independent financial institution.
Source: YAHOO
Reported about 4 hours ago
The World Trade Organization (WTO) reported that world merchandise trade volume grew by 3.6% in Q1 2025 compared to the previous quarter and 5.3% year-on-year, driven by increased imports in North America ahead of anticipated U.S. tariff hikes. Although this growth outperformed previous forecasts, the WTO warns that expansion may slow later in the year due to high inventories and tariffs, with revised projections now expecting flat growth of 0.1% for the year.
Source: YAHOO
Reported about 5 hours ago
Rivian has collaborated with Google to integrate a customized version of Google Maps into its electric vehicles and mobile app. This new feature, developed over 18 months, includes Rivian-specific functionalities like trip planning, EV charger locations, and a redesigned user interface. Unlike typical Google Maps integrations, this partnership focuses on open collaboration for deeper integration, enhancing navigation with real-time traffic updates and other useful information. The updated maps and app features will begin rolling out today.
Source: YAHOO
Reported about 5 hours ago
Rwazi, a startup founded by Joseph Rutakanga and Eric Sewankambo in 2021, has raised $12 million in Series A funding led by Bonfire Ventures. The company aims to provide businesses with real-time consumer insights and market intelligence, addressing a significant gap in data availability for international markets. Rwazi's AI-powered system captures 'zero-party data' directly from consumers, enabling businesses to understand shifting behaviors and preferences. The investment will be used to expand its capabilities and workforce, with its customer base including major brands like Coca-Cola and Nestle.
Source: YAHOO
Reported about 5 hours ago
Apple has announced a $500 million investment in MP Materials, the only fully integrated rare earth mining company in the U.S., to bolster the domestic rare earth supply chain. This partnership will focus on developing American-made neodymium magnets at MP Materials’ Texas facility and establishing a rare earth recycling line in California to process materials from used electronics. The initiative aligns with Apple's broader commitment to invest over $500 billion in the U.S. over the next four years.
Source: YAHOO
Reported about 5 hours ago
Rising inflation in June has dashed hopes that the Federal Reserve will cut interest rates in its upcoming July meeting. With inflation reportedly up 2.7% year-over-year, far exceeding the Fed's 2% target, the likelihood of a rate cut has decreased significantly. However, economists still anticipate potential cuts in September if the labor market continues to soften and inflationary pressures ease.
Source: YAHOO
Reported about 5 hours ago
President Donald Trump announced a trade deal with Indonesia, highlighting a direct negotiation with the country's president. Although specific details were not provided, this comes after Trump threatened various countries with high tariffs and follows similar agreements with China, the UK, and Vietnam.
Source: YAHOO
Reported about 5 hours ago
Rolls-Royce has announced a $75 million investment to expand its manufacturing operations at its engine plant in South Carolina. This move aims to enhance its service to U.S. customers, particularly in the growing American data center industry, according to Adam Wood, managing director for Rolls-Royce's Power Systems division in America.
Source: YAHOO
Reported about 5 hours ago
European Central Bank (ECB) supervisors are increasingly vigilant about risks affecting the banking sector, including tariffs, cyber attacks, and a potential dollar shortage amid global trade tensions and geopolitical conflicts. ECB chief supervisor Claudia Buch announced plans to assess banks' resilience to these risks, emphasizing the need for banks to prepare contingency plans without enforcing specific exposure cuts. Ongoing monitoring is part of the ECB's annual review process.
Source: YAHOO
Reported about 5 hours ago
MP Materials' stock surged over 17% after Apple announced a $500 million investment in the company that owns the only operational rare earths mine in the U.S. This move aims to bolster domestic supply chains amidst increasing concerns over reliance on international sources, particularly from China. The partnership will also focus on developing rare earth recycling and advanced magnet technologies.
Source: YAHOO
Reported about 5 hours ago
Nvidia has announced it will restart sales of its H20 AI chip to China after receiving assurances from the US government about the approval of necessary licenses, reversing previous restrictions. This decision follows discussions between Nvidia CEO Jensen Huang and President Trump, amid ongoing US-China trade negotiations. Nvidia aims to reclaim billions in lost revenue while stressing the importance of American technology leadership in the global AI race.
Source: YAHOO
Reported about 5 hours ago
Donald Trump reportedly inquired during a call with Ukrainian President Volodymyr Zelenskiy whether Ukraine could target Moscow if provided with U.S. long-range weapons. This question followed Trump's expressed disappointment in Russian President Vladimir Putin's refusal to agree to a ceasefire in the ongoing conflict. The White House clarified that Trump was not promoting further violence but looking for ways to end the war, amid ongoing discussions about supplying arms to Ukraine and imposing economic penalties on Russia.
Source: YAHOO
Reported about 5 hours ago
Nvidia and AMD will restart sales of AI chips in China after receiving assurances from the US government that their exports will be approved, reversing previous restrictions that limited sales due to national security concerns. This change comes amid a thaw in US-China relations, potentially bolstering Nvidia's revenue significantly. Both companies aim to fulfill previously canceled orders and address the competitive landscape in AI technology, marking a substantial shift in US trade policy.
Source: YAHOO
Reported about 5 hours ago
Treasury Secretary Scott Bessent stated that the upcoming deadline for a US-China tariff agreement, set for August 12, is flexible, as negotiations between the two largest economies are in a positive state. He encouraged market participants not to worry about the potential return of tariffs to previous levels, highlighting ongoing discussions with Chinese Vice Premier He Lifeng, which could occur around a significant leadership conclave in China. Bessent's comments seem to bolster investor confidence amidst a recent market rally.
Source: YAHOO
Reported about 5 hours ago
Trade Desk's stock is surging as it joins the S&P 500, replacing Ansys, while MP Materials sees a stock increase due to a $500 million investment from Apple for rare-earth magnets. Additionally, CoreWeave plans to invest $6 billion in an AI data center in Pennsylvania as part of a $70 billion push for AI and energy infrastructure in the US.
Source: YAHOO
Reported about 6 hours ago
In June 2025, inflation picked up, with the Consumer Price Index (CPI) rising by 2.7% year-over-year, influenced by a reversal in falling gas prices and concerns surrounding President Trump's tariffs on various imports. As tariffs start to affect consumer prices, markets anticipate the Federal Reserve to maintain interest rates steady due to uncertainties regarding future inflation effects. Meanwhile, certain categories, such as apparel and furniture, experienced price increases, indicating that tariff-related pressures are beginning to trickle down to consumers.
Source: YAHOO
Reported about 6 hours ago
In June, inflation rose by 0.3% month-over-month, with a year-over-year increase of 2.7%, slightly surpassing economists' expectations. Excluding food and energy, the index increased by 0.2%, also below forecasts of 0.3%. This marks the fifth consecutive month that core inflation has come in lower than predicted, raising questions about the impact of tariffs and the Federal Reserve's potential rate decisions.
Source: YAHOO
Reported about 7 hours ago
Despite concerns over a growing national debt and inflationary pressures, U.S. Treasury yields are expected to remain relatively stable in the coming months, according to a recent Reuters survey. A majority of bond strategists predict that demand for Treasuries will slightly lag behind an anticipated increase in supply, influenced by substantial government spending and potential tariff impacts. While the current 10-year Treasury yield is around 4.42%, it is forecasted to decrease modestly by year-end, driven by expectations of Federal Reserve interest rate cuts, although rising inflation risks could complicate economic stability.
Source: YAHOO
Reported about 7 hours ago
JP Morgan Chase reported a second-quarter profit of $15 billion, surpassing expectations but down from last year's figures, largely due to significant previous gains from Visa holdings. CEO Jamie Dimon highlighted the bank's strong performance, particularly in its markets division, but expressed concerns over economic risks such as tariffs, trade uncertainty, and geopolitical conflicts. Despite these challenges, JP Morgan plans to continue benefiting from lowered regulation and increased cash reserves, while inflation pressures may impact future interest rate decisions.
Source: YAHOO
Reported about 7 hours ago
BlackRock Inc. reached a record $12.5 trillion in assets after attracting $46 billion in investment funds despite market turbulence sparked by President Trump's tariff policies. The firm reported significant inflows into exchange-traded funds and equities, but net flows into long-term investments fell short of expectations due to a significant redemption from one institutional client. BlackRock's CEO emphasized the company's shift from traditional asset management to a focus on private markets, highlighted by recent acquisitions aimed at expanding its investment offerings.
Source: YAHOO
Reported about 7 hours ago
U.S. Treasury Secretary Scott Bessent announced in a Bloomberg interview that the formal process for finding a successor to Federal Reserve Chairman Jerome Powell has begun, highlighting that there are many strong candidates. Bessent noted it would be confusing for Powell to remain after his term ends.
Source: YAHOO
Reported about 7 hours ago
Trade Desk's stock jumped nearly 15% premarket after it was announced it would replace Ansys in the S&P 500. Rio Tinto appointed Simon Trott as CEO, effective late August, succeeding Jakob Stausholm. Palantir's stock is steady after a previous rise, with expectations of reaching a $1 trillion valuation in the coming years.
Source: YAHOO
Reported about 7 hours ago
Albertsons has increased its annual sales forecast after surpassing quarterly sales projections, driven by consistent demand for groceries and medicines as consumers prioritize essentials amid economic uncertainty. The company now anticipates identical sales growth of 2% to 2.75%, up from a previous estimate of 1.5% to 2.5%, following a quarterly sales figure of $24.88 billion, exceeding analyst expectations.
Source: YAHOO