Reported about 3 hours ago
Michael O'Rourke, chief market strategist at JonesTrading, advises investors to steer clear of S&P 500 stocks, especially mega cap companies, due to their high valuations. He suggests focusing on small and midcap stocks, treasury bonds, and potential sector corrections stemming from tariff changes for better investment opportunities.
Source: YAHOO
Reported about 7 hours ago
Africa is making strides in establishing local currency payment systems to reduce trade costs and reliance on the dollar. Despite facing opposition and threats of retaliation from former President Trump, who wants to maintain the dollar's dominance, initiatives like the Pan-African Payments and Settlements System (PAPSS) aim to facilitate cross-border transactions directly in local currencies. This could potentially save the continent billions annually in transaction costs and improve trade between African nations, which historically rely heavily on external partners.
Source: YAHOO
Reported about 7 hours ago
SoftBank's founder Masayoshi Son is proposing a $1 trillion industrial complex in Arizona to develop robots and artificial intelligence, aiming to collaborate with TSMC and attract high-end tech manufacturing back to the U.S. The project, nicknamed Project Crystal Land, seeks tax incentives and support from government officials, as it mirrors China's manufacturing hub. While SoftBank is gauging interest from tech firms and TSMC, feasibility hinges on the support of the Trump administration and local authorities.
Source: YAHOO
Reported about 8 hours ago
The European Investment Bank (EIB) is set to announce plans to allocate 70 billion euros for the advancement of European technology firms from 2025 to 2027, as part of the Tech EU program aimed at enhancing Europe's competitiveness against China and the United States. The funding will be distributed as 20 billion euros for equity, 40 billion for loans, and 10 billion for guarantees, and is expected to leverage an additional 250 billion euros from private investments to support innovative sectors such as AI, green industries, and digital infrastructure.
Source: YAHOO
Reported about 8 hours ago
Japan's chief trade negotiator, Ryosei Akazawa, indicated that discussions with the U.S. regarding tariffs remain unclear, despite attempts to reach an agreement. The country aims to persuade President Trump to eliminate significant tariffs on Japanese cars and imports. However, ongoing political tensions and an upcoming election may delay any resolution, impacting Japan's fragile economy, particularly its auto exports.
Source: YAHOO
Reported about 9 hours ago
China's shipments of rare earth magnets significantly reduced by 52.9% in May compared to April, reaching the lowest level in over five years following the imposition of export restrictions. Despite a commitment to expedite approval processes to alleviate trade tensions with the U.S., customs officials have become more cautious, particularly regarding rare earth magnets that fall under a single export code. Year-on-year shipments for May were down 74%, and overall exports from January to May have decreased by 14.5%, marking the lowest levels since 2021.
Source: YAHOO
Reported about 9 hours ago
A federal appeals court has ruled that President Trump can keep deploying National Guard troops in Los Angeles as protests continue, amid ongoing legal challenges regarding his military actions. The court's decision allows the troops to remain deployed while California's state government, led by Governor Gavin Newsom, argues that the president's actions are an overreach of power. Despite this ruling, the legal battle is far from over, and further appeals are expected.
Source: YAHOO
Reported about 9 hours ago
The Bank of England has maintained interest rates at a two-year low, citing a 'highly unpredictable' global economic environment.
Source: YAHOO
Reported about 9 hours ago
The Bank of England has decided to maintain its key interest rate at 4.25%, the lowest it has been in two years, as concerns mount over the potential escalation of conflict between Israel and Iran.
Source: YAHOO
Reported about 9 hours ago
Asian shares showed mixed results while oil prices rose as investors monitored the potential U.S. involvement in Israel's conflict with Iran. Crude oil prices increased slightly, influenced by concerns over disruptions to global supply. Tokyo's index rose amidst higher core inflation, while Hong Kong and Shanghai markets also saw gains. The cautious sentiment reflected the uncertain geopolitical landscape and ongoing trade issues linked to U.S. policies.
Source: YAHOO
Reported about 10 hours ago
A surge of global trading firms, including Citadel Securities, IMC Trading, and Millennium, is intensifying their presence in India's rapidly growing derivatives market. This influx is driving a hiring spree aimed at acquiring top talent from domestic universities and enhancing exchange technologies. Major Indian exchanges are also upgrading their infrastructure to accommodate the needs of high-frequency traders, as the country’s equity derivative trading volumes continue to rise significantly.
Source: YAHOO
Reported about 10 hours ago
Oil prices fell on Friday, remaining on track for a third-straight weekly rise, after the U.S. delayed a decision on its involvement in the Israel-Iran conflict. Brent crude futures declined by about 2% to $77.28 a barrel, while West Texas Intermediate crude rose slightly to $75.66. This volatility followed recent gains prompted by ongoing military actions between Israel and Iran, with analysts warning that escalation could significantly impact oil supply and prices.
Source: YAHOO
Reported about 11 hours ago
Coinbase stocks rose significantly after the Senate passed the GENIUS Act, which regulates stablecoins, providing clarity and legitimacy to its business. The shares jumped 16% to approximately $295, signaling bullish momentum as they consolidate within a chart pattern indicative of a continued uptrend. Investors should pay attention to key price levels around $330 and $450 as potential resistance, while also monitoring support levels near $265 and $212 for potential buying opportunities.
Source: YAHOO
Reported about 11 hours ago
Asian shares saw a slight increase as fears of an immediate U.S. intervention in the Israel-Iran conflict eased, but volatility remains. President Trump is expected to decide on U.S. involvement soon, causing uncertainty. Meanwhile, Brent oil prices fell slightly but are still on track for a weekly gain following notable surges, while European stocks reacted positively to the lower oil prices.
Source: YAHOO
Reported about 11 hours ago
The dollar is poised for its largest weekly increase in over a month, driven by safe-haven demand related to escalating Middle East conflicts, particularly between Israel and Iran. As uncertainty grows over potential U.S. involvement and rising oil prices introduce inflation concerns, traditional safe-haven assets, including the dollar, see increased interest. Meanwhile, other currencies like the euro and yen have responded positively to the dip in crude prices and other economic indicators, while the Federal Reserve's interest rate outlook remains cautious.
Source: YAHOO
Reported about 11 hours ago
The World Bank is advocating for significant improvements in debt transparency for developing countries to prevent future financial crises, highlighting the need for greater disclosure of loan details amid an increase in off-budget borrowing due to global market instability. The organization emphasizes the importance of making timely and reliable financial information accessible, pushing for legal reforms, regular audits, and enhanced tools for international financial institutions to detect misreporting. While more low-income countries are reporting debt data, there's a need for deeper disclosure to allow for a comprehensive assessment of public debt exposure.
Source: YAHOO
Reported about 11 hours ago
US stock futures dipped as investors reacted to rising oil prices and uncertainty over potential US military involvement in the Israel-Iran conflict. President Trump's announcement of a two-week deadline for a decision on the matter added tension to the already cautious market. Meanwhile, European foreign ministers are meeting to discuss Iran's nuclear program, as oil prices rise due to concerns over possible disruptions in the Strait of Hormuz.
Source: YAHOO
Reported about 12 hours ago
Japan's Finance Ministry is seeking feedback from market players regarding planned reductions to super-long bond issuance to stabilize market conditions. A meeting with primary dealers will discuss recent market developments, with proposals to cut issuance of 20-, 30-, and 40-year bonds by ¥100 billion each per auction through March 2026. This adjustment aims to balance supply and demand after rising yields have caused concern, exacerbated by a decrease in central bank purchases. The ministry is also exploring increasing issuance of shorter-term debt and will address potential buybacks during the meeting.
Source: YAHOO
Reported about 12 hours ago
Australia's pioneering initiative to ban social media access for users under 16 is now closer to reality after a successful trial demonstrated that age verification technology can be effectively implemented. The trial findings challenge opposition from major platforms like Meta and TikTok, showing no significant technological barriers to enforcing the age limit. As a result, new regulations could be enforced by year's end, with digital platforms responsible for compliance and facing hefty fines for violations.
Source: YAHOO
Reported about 12 hours ago
Gold is set for its first weekly drop this month as easing geopolitical tensions in the Middle East reduce safe haven demand and a warning from the Federal Reserve about inflation raises concerns over fewer rate cuts. Currently trading around $3,350 an ounce, gold's dip reflects shifting investor sentiment towards platinum as a safer investment, despite gold remaining up more than 25% this year.
Source: YAHOO
Reported about 13 hours ago
中国科技投资者在面对激烈的降价竞争时，腾讯音乐娱乐集团的股价自2023年底以来已经翻倍，表现远超其他互联网同行。腾讯音乐专注于围绕其稳定的用户基础进行流水化和增值服务，如提升用户付费计划，增设播客和直播活动，尽管市场普遍面临价格战。这一战略使得腾讯音乐在过去四个季度内实现了用户每月收入的增长，成为了中国在线音乐行业的领军者。
Source: YAHOO
Reported about 13 hours ago
Baiju Bhatt, co-founder of Robinhood, is venturing into the space industry with his new company, Aetherflux, aiming to revolutionize energy by beaming solar power from space. With $60 million in funding and a focus on national defense applications, Bhatt plans to demonstrate satellite technology that utilizes fiber lasers to deliver energy to the ground with precision. His innovative approach could transform renewable energy distribution and provide significant military advantages, while also addressing broader energy needs.
Source: YAHOO
Reported about 13 hours ago
Fidelity International's money manager George Efstathopoulos believes the worst of trade tariffs under Donald Trump is over, making midcap stocks from Japan, Germany, and China attractive investments. He notes the significant growth of these markets since recently lifting tariff shocks and suggests that domestic revenue generation is crucial amidst global trade disruptions. While uncertainty remains with upcoming tariff deadlines and geopolitical tensions, Fidelity is confident in its strategy focusing on midcap stocks for growth.
Source: YAHOO
Reported about 15 hours ago
The U.S. housing market remains sluggish despite peak buying season, influenced by high mortgage rates, elevated prices, and economic uncertainty. While there is increased inventory, many buyers are hesitant due to high costs, resulting in low home sales. The 'lock-in effect' keeps homeowners with low mortgage rates from selling, leading to a constrained supply. With home price growth outpacing wage increases and buying power significantly reduced, renting has become a more viable option for many prospective buyers.
Source: YAHOO
Reported about 17 hours ago
US futures fell as market uncertainty persisted following White House statements about President Trump's potential military support for Israel in its conflict with Iran. Equity markets globally experienced declines, particularly in Europe and Asia. Oil prices saw minor increases but remained affected by fears of inflation resulting from geopolitical tensions. Analysts indicate heightened risks of US involvement in the conflict, leading to cautious trading behavior.
Source: YAHOO