Reported about 7 hours ago
Foxconn reported record revenue for Q2 driven by strong demand for AI products, reaching T$1.797 trillion, a 15.82% increase year-on-year. Despite this success, the company warned about potential risks from geopolitical tensions and currency fluctuations. The surge in revenue was particularly noticeable in its cloud and networking products, while sales of iPhones showed minimal growth due to exchange rate impacts. Foxconn plans to continue monitoring external threats to its growth prospects.
Source: YAHOO
Reported about 7 hours ago
Deal activity is experiencing a revival in 2025, marked by soaring IPOs and M&A volumes that have reached heights not seen since 2021. Factors contributing to this trend include recovering investor confidence post-'Liberation Day,' a resilient U.S. economy, and a bull market driven by the AI sector. This resurgence is evident in substantial funding raised by companies in various sectors, with investors increasingly drawn to technology and fintech firms.
Source: YAHOO
Reported about 7 hours ago
A rising trend of early back-to-school shopping is observed as consumers take advantage of July sales offered by retailers like Amazon, Walmart, and Target. This shift began during the pandemic, driven by tight household budgets and the need to find savings amidst inflation. Major sales events, including Amazon's Prime Day and promotions from other retailers, are encouraging parents to start their school supply shopping sooner, leading to increased traffic in stores and online.
Source: YAHOO
Reported about 7 hours ago
Octopus Energy is reportedly preparing to appoint bankers for a £10 billion ($13.7 billion) separation and stake sale of its tech arm, Kraken Technologies. A minority stake of up to 20% is expected to be sold to external investors to confirm the platform's valuation. The demerger, anticipated within the next year, will provide existing shareholders with shares in the new independent Kraken business.
Source: YAHOO
Reported about 9 hours ago
OPEC+ has decided to raise oil production by 548,000 barrels per day in August, escalating their output after recent fluctuations in oil prices due to geopolitical tensions. This decision marks a shift from previous production cuts aimed at stabilizing markets since 2022, as the group seeks to regain market share and respond to demands for lower gasoline prices. The increase will be implemented by eight member countries, contributing to a total production boost of 1.918 million barrels per day since April.
Source: YAHOO
Reported about 13 hours ago
Mexico has announced a temporary transfer of the trust-handling businesses of CIBanco and Intercam Banco to development banks, following sanctions imposed by the U.S. for alleged money laundering activities. This move aims to ensure uninterrupted operations for the trusts while the finance ministry seeks a permanent solution to transition the businesses back to private institutions.
Source: YAHOO
Reported about 17 hours ago
San Diego startup Gallant has announced $18 million in funding to develop the first FDA-approved ready-to-use stem cell therapy for veterinary applications, targeting conditions like Feline Chronic Gingivostomatitis in cats. This innovative therapy uses donor animal cells, making it more convenient than traditional methods that require harvesting from patients. Early studies show promising results for treating arthritis in dogs, with potential FDA approval for Gallant's treatment expected by early 2026.
Source: YAHOO
Reported about 20 hours ago
OPEC+ is contemplating a faster increase in oil production than anticipated, following a recent virtual meeting. Delegates indicate that the group, led by Saudi Arabia, may boost output by over 500,000 barrels per day in August, aiming to recover 2.2 million barrels per day of previously halted production sooner than planned. This move is part of a strategy to regain market share from non-OPEC+ producers but risks exacerbating an oversupply in the market, with forecasts predicting a decrease in oil prices due to rising inventories and lower demand.
Source: YAHOO
Reported about 21 hours ago
The Bank of Italy has identified the United States, Great Britain, Switzerland, and Russia as countries with significant systemic risk for Italian banks, based on end-2024 data. Major lenders such as Intesa Sanpaolo and UniCredit have notable exposure to Russia, with UniCredit reporting an increase in its Russian government bond holdings due to currency effects.
Source: YAHOO
Reported about 21 hours ago
This article emphasizes the importance of showcasing your safety record to direct shippers as a means to gain their trust and secure contracts. It outlines essential steps for small fleet owners to effectively communicate their safety performance, including knowing their metrics, creating a concise safety profile, using safety as a conversation starter, addressing any shortcomings honestly, and connecting safety to business outcomes for shippers. With a strategic presentation of their safety record, carriers can differentiate themselves in a competitive market.
Source: YAHOO
Reported about 22 hours ago
Microsoft has announced the closure of its operations in Pakistan, ending a 25-year presence in the country. The company will now serve customers through resellers and other Microsoft offices while assuring that customer agreements and services will remain unaffected. This move impacts five employees and is part of a larger restructuring effort that included a global workforce reduction of 4%. The exit has raised concerns about the sustainability of the tech environment in Pakistan, contrasting sharply with investments made by other tech giants.
Source: YAHOO
Reported about 24 hours ago
In a volatile first half of 2025, characterized by significant market reversals and policy shifts, quantitative hedge funds achieved notable success as traditional trading strategies persisted. Despite major fluctuations in the dollar and commodities, systematic investments yielded substantial returns, with standout funds like Marshall Wace’s TOPS and Renaissance Institutional Equities Fund gaining around 11%. The current environment, marked by higher volatility and dispersion in stock performance, highlights a shift away from mega-cap stocks, allowing quants to leverage their data-driven strategies effectively.
Source: YAHOO
Reported 1 day ago
In a recent update from TechCrunch Mobility, Rivian has successfully secured an additional $1 billion investment from Volkswagen as electric vehicle (EV) sales struggle. The newsletter discusses various issues impacting the EV market, including the elimination of tax credits, and highlights incidents involving autonomous vehicles and a rise in attacks on the transportation sector by hackers.
Source: YAHOO
Reported 1 day ago
European companies are cautious about initial public offerings (IPOs) due to tariffs and ongoing geopolitical issues, despite a return of investment funds to equity markets. While fund inflows into European stocks have risen significantly, investor confidence in new listings remains low due to market volatility and uncertainties surrounding company performance. Some firms have even delayed their IPOs, citing geopolitical uncertainties, while others struggle to attract investor interest, making it a tough environment for new market entrants.
Source: YAHOO
Reported 1 day ago
Broker consolidation is significantly impacting small carriers by reducing their negotiating power as fewer brokers take control of freight options. As big brokerages merge, small carriers face standardized rates, stricter onboarding processes, and increased competition on load boards, making it essential for them to shift strategies. They should focus on building direct relationships with shippers, specializing in niche markets, and enhancing operational efficiency to thrive in the tightening freight economy.
Source: YAHOO
Reported 1 day ago
The European Union has confirmed that it will adhere to its timeline for the implementation of its AI legislation, despite requests from over a hundred tech companies, including major firms like Alphabet and Meta, to delay the rollout. European Commission spokesperson Thomas Regnier emphasized that there would be no pauses or delays in the process. The AI Act categorizes various AI applications, prohibiting certain high-risk uses while imposing regulatory obligations on developers, with full enforcement expected by mid-2026.
Source: YAHOO
Reported 1 day ago
根据ATRI最新的卡车运输运营成本基准报告，成本上升与低迷的货运费用相互冲突。尽管卡车的平均运营成本略微下降至每英里2.260美元，但去除低燃料成本后，边际成本上涨3.6%至1.779美元，创下ATRI非燃料运营成本的新纪录。报告还显示，货运承运商利润率降至-2.3%，其他模式也面临利润下降的困境。尽管面临挑战，部分积极趋势如卡车平均年龄和停留时间有所改善。
Source: YAHOO
Reported 1 day ago
Global equity funds experienced their highest weekly inflows in eight months, drawing $43.15 billion as U.S. stocks reached record highs and investors sought gains in AI-related sectors. Despite the optimistic market, analysts caution that trade tensions could reverse money flows. Notably, U.S. equity funds attracted $31.6 billion, while European and Asian funds secured $9.31 billion and $552 million, respectively. Sectoral funds also saw significant investments, particularly in industrial, technology, and finance sectors.
Source: YAHOO
Reported 1 day ago
In the latter half of 2025, inflation is anticipated to rise significantly as tariffs enacted by President Trump impact consumer prices. Economists forecast a peak inflation rate of around 3.4% in Q3, up from 2.5% earlier, with some warnings of potential stagflation as increased costs from tariffs pile onto already strained household budgets. The exact trajectory of inflation remains uncertain, raising concerns about whether it will be a temporary spike or lead to ongoing price increases.
Source: YAHOO
Reported 1 day ago
President Trump has announced that new unilateral tariff rates of up to 70% will be implemented starting August 1, intensifying pressure on global trade talks, particularly with the European Union. The EU is racing to secure a tentative agreement to maintain current tariffs and avoid the drastic increases Trump has threatened, amidst negotiations that are ongoing and fluid. The U.S. plans to categorize its trading partners based on negotiation progress, potentially leading to higher tariffs for those lagging behind, while seeking agreements with key partners before the July 9 deadline.
Source: YAHOO
Reported 1 day ago
VTB Bank's CFO Dmitry Pyanov stated that a 1% reduction in Russia's central bank interest rates could yield an additional 20 billion roubles ($250 million) in net profit for the bank. This would greatly benefit the state-owned lender, which aims to distribute half of its profits as dividends to the government. Currently facing high interest rates at 20%, VTB has a significant proportion of loans tied to floating rates, making it vulnerable to defaults as borrowing costs surge. Pyanov emphasized that the bank stands to gain substantially from any rate cuts, especially given the pressures from the government and business leaders to mitigate recession risks.
Source: YAHOO
Reported 1 day ago
President Trump announced plans to raise tariffs on certain countries, with rates potentially reaching 70%, as the deadline for trade negotiations with the U.S. approaches. Starting August 1, the new tariffs, which could range from 10% to 70%, will be communicated to 10 to 12 nations over the next few days. Trump emphasized that flexibility would not be afforded to countries missing the deadline, despite previous suggestions of a more relaxed timeframe for ongoing negotiations. This move follows earlier tariff increases and reports of undermined stock markets.
Source: YAHOO
Reported 1 day ago
The recently passed GOP tax bill is poised to shift purchasing power from lower-income to higher-income consumers, according to RBC Capital Markets economist Carrie Freestone. Despite potential tax benefits, higher-income individuals, who typically save more, are exhibiting caution, reflected in recent declines in spending in the services sector. This uncertainty may hinder significant consumption growth, raising questions about the bill's overall economic effectiveness.
Source: YAHOO
Reported 1 day ago
Bank of America’s Michael Hartnett warns that the S&P 500 is close to reaching a sell signal, suggesting investors consider offloading shares if it rises above 6,300 points. Despite a robust rally fueled by economic resilience and a significant fiscal package, Hartnett highlights rising bubble risks and potential speculative behavior in the market.
Source: YAHOO
Reported 1 day ago
US stock futures fell on Friday, pressured by increasing trade tensions as the July 9 deadline for finalizing trade agreements with the Trump administration looms. With concerns surrounding tariffs and a potential unilateral increase of up to 70%, European car manufacturers are pushing for concessions, while OPEC+ considers significant production hikes. Investors are exercising caution amid the uncertain trade landscape, leading to a mixed performance in equity markets and commodities.
Source: YAHOO