Reported 27 days ago
US solar stock prices fell sharply after Senate Republicans proposed a bill to terminate clean energy tax credits earlier than anticipated, undermining prior hopes that recent House cuts would be softened. Companies such as Sunrun and SolarEdge saw significant declines, sparking concerns over the future of the solar industry as the legislation threatens to rapidly eliminate incentives critical for residential solar installations.
Source: YAHOO
Reported 27 days ago
U.S. manufacturing output saw minimal growth of just 0.1% in May, following a revised decline of 0.5% in April, as increases in motor vehicle and aerospace production were offset by declines in other sectors. The outlook for manufacturing is challenged by heightened tariffs, particularly on steel and aluminum, and overall industrial production fell 0.2%. Capacity utilization in the industrial sector has also dropped, raising concerns about the impact of current trade policies on the manufacturing landscape.
Source: YAHOO
Reported 27 days ago
Softbank has sold over 21 million T-Mobile shares to fund AI projects, affecting T-Mobile's stock performance. Meanwhile, solar stocks like Sunrun and SolarEdge are falling as proposed tax credit cuts loom. Eli Lilly is set to acquire Verve Therapeutics for $1.3 billion to advance cardiovascular treatments, with the deal expected to close in Q3 2025.
Source: YAHOO
Reported 27 days ago
Electronics component maker Jabil has raised its annual profit and revenue forecasts, citing strong demand for data center infrastructure driven by the adoption of artificial intelligence technologies. Following the announcement, Jabil's shares rose nearly 5% in premarket trading, as the company reported better-than-expected third-quarter results. CEO Mike Dastoor highlighted the intelligent infrastructure segment as a key growth driver, and the company plans to invest $500 million in the US to support cloud and AI data center infrastructure.
Source: YAHOO
Reported 27 days ago
Airbus announced a deal with VietJet for up to 150 A321neo jets during the Paris Airshow, coinciding with U.S. Transport Secretary Sean Duffy's remarks suggesting a possible return to a zero-tariff trade agreement for civil aviation dating back to 1979. This deal, valued at approximately $9.4 billion, reflects growing optimism in the industry regarding tariff relief amid ongoing supply chain challenges and heightened scrutiny on aircraft imports.
Source: YAHOO
Reported 27 days ago
Retail sales in the US dropped 0.9% in May as consumers became more cautious following a spending surge in March to avoid President Trump's tariffs. The decline was largely attributed to a significant drop in auto sales, with other sectors like home goods and electronics also seeing decreases. Despite the drop, online retail and clothing sales experienced growth. Some companies, facing rising costs from tariffs, are reporting reduced orders and even hiring freezes as they navigate the uncertain economic landscape.
Source: YAHOO
Reported 27 days ago
US retail sales experienced a larger-than-expected decline of 0.9% in May, largely due to falling motor vehicle purchases and reduced gasoline prices. This follows a slight drop in April, as concerns over tariffs and geopolitical tensions are weighing on consumer spending, despite ongoing wage growth. The Federal Reserve is closely monitoring these economic shifts as it maintains interest rates in a cautious economic landscape.
Source: YAHOO
Reported 27 days ago
Amazon has launched its first dedicated air cargo service to Colombia, partnering with 21 Air and Avianca Cargo. This service is designed to optimize delivery efficiency by offering unused freighter space on Amazon Air flights, transporting goods such as flowers from Bogotá to Miami. The initiative enhances Amazon's international shipping capabilities, complementing its existing logistics network and catering to the growing e-commerce market in Latin America.
Source: YAHOO
Reported 27 days ago
US retail sales have seen a decline as Americans are becoming more cautious following a spending spree in the spring aimed at avoiding tariffs.
Source: YAHOO
Reported 27 days ago
Yum Brands announced that its finance chief, Chris Turner, will take over as CEO starting October 1, succeeding David Gibbs, who will retire in 2026 after nearly 37 years with the company. Turner, who has served as CFO since 2019, previously worked with PepsiCo and McKinsey & Co. Under Gibbs, Yum Brands saw significant growth in digital sales, with Taco Bell performing strongly in the competitive restaurant market.
Source: YAHOO
Reported 27 days ago
Gold prices experienced volatility as traders monitored rising hostilities between Israel and Iran, exacerbated by Donald Trump downplaying ceasefire prospects. Despite a significant increase last week due to Israel's military actions against Iran's nuclear program, gold's price gains have since leveled off. Experts noted this trend aligns with historical responses to geopolitical shocks, and current prices are close to record highs, indicating a strong performance overall.
Source: YAHOO
Reported 27 days ago
Data analytics startup Coralogix has seen its valuation nearly double to over $1 billion following a recent funding round led by NewView Capital, which raised $115 million. Despite increasing revenue and a significant focus on AI integration, Coralogix remains unprofitable, with most of its revenue allocated to R&D. The company aims to enhance its AI capabilities and recently introduced an AI agent named 'olly' to streamline data monitoring.
Source: YAHOO
Reported 27 days ago
Nissan has launched the third generation of its Leaf electric vehicle in a bid to recover from its decline in the EV market since its initial success. The revamped model features a crossover design, increased battery capacity, and an estimated range of up to 303 miles, though challenges including tariffs and shifting consumer preferences could hinder its success. With nearly 700,000 Leafs sold previously, Nissan's new CEO Ivan Espinosa faces the dual challenge of cutting costs while still pushing forward with new developments amid financial struggles.
Source: YAHOO
Reported 27 days ago
Gargi Chaudhuri, BlackRock's chief investment strategist, highlights several essential market catalysts for investors, including earnings growth and inflation trends. She suggests keeping an eye on potentially positive developments that could influence the ongoing bull market and recommends diversifying portfolios with large-cap stocks, international markets, gold, and inflation-linked bonds in the current economic climate.
Source: YAHOO
Reported 27 days ago
U.S. stock futures are showing a downward trend ahead of the market opening on June 17, 2025, following President Trump's departure from the G7 summit due to the Israel-Iran conflict. Amazon is extending its Prime Day to four days, and Meta Platforms will start introducing advertisements on WhatsApp. Palantir Technologies' stock continues to rise after reaching a record high, while Oracle has launched a new program to aid smaller tech firms in selling to the Defense Department. These developments are essential for investors to consider today.
Source: YAHOO
Reported 27 days ago
Italy's Leonardo plans to acquire a European cybersecurity company, recognizing the importance of cybersecurity in modern multi-domain warfare. Chairman Stefano Pontecorvo highlighted the necessity for secure connections to prevent enemy access to systems. While specific details about the acquisition remain undisclosed, the company anticipates significant growth in the cybersecurity sector.
Source: YAHOO
Reported 27 days ago
Oracle Cloud is collaborating with Elon Musk's xAI to provide the latest Grok 3 AI model to corporate clients, allowing them to maintain their data security. The Grok 3 model, launched in February, aims to compete with offerings from companies like DeepSeek and OpenAI. Oracle's strategy includes offering a variety of AI models from multiple sources for business integration.
Source: YAHOO
Reported 27 days ago
The Federal Reserve is set to announce its decision on interest rates amidst intense pressure from President Trump and Vice President Vance, who are urging a significant cut to fuel economic growth. Currently, the Fed is expected to maintain rates at 4.25% to 4.5%, following concerns about inflation and economic stability. Trump's criticisms of Powell's hesitance and calls for a one-point rate cut highlight the political tension affecting central bank independence, as policymakers weigh the risks and implications of potential rate changes.
Source: YAHOO
Reported 27 days ago
In this episode of Stocks in Translation, investment strategist Kevin Gordon discusses the implications of tariffs, oil prices, and Fed policies on inflation. He emphasizes the current environment of inflation volatility and its impact on consumers, particularly young borrowers dealing with mounting student loan debts due to job market challenges. The episode offers insights into navigating these economic pressures as the Fed adjusts its strategies amid ongoing market fluctuations.
Source: YAHOO
Reported 27 days ago
Oil prices increased as traders reacted to President Trump’s remarks regarding the ongoing conflict between Israel and Iran, raising concerns over potential disruptions in crude supply. Despite fluctuations in oil prices, the market remains sensitive to signs of further instability in the Middle East, particularly in the Strait of Hormuz, crucial for global oil transit. While the immediate situation has not significantly affected Iran's export infrastructure, fears of escalating hostilities persist, contributing to heightened market volatility.
Source: YAHOO
Reported 27 days ago
SoftBank Group Corp. has raised approximately $4.8 billion by selling shares of T-Mobile US Inc., with plans to direct the funds towards ambitious artificial intelligence projects. The sale involved 21.5 million T-Mobile shares priced at $224 each, marking a 3% discount from recent market levels. This divestiture relates to SoftBank's strategy to leverage past investment successes to finance new ventures, particularly a significant investment in OpenAI.
Source: YAHOO
Reported 27 days ago
Citigroup Inc. forecasts that gold prices will fall below $3,000 an ounce in the coming quarters, driven by diminished investment demand and anticipated improvements in global economic growth, coupled with potential interest rate cuts by the Federal Reserve. Despite a 30% increase in gold prices this year, analysts predict a drop to around $2,500 to $2,700 an ounce by late 2026. Factors influencing this decline include a better global growth outlook and changing fiscal policies under the current U.S. administration.
Source: YAHOO
Reported 27 days ago
According to a Goldman Sachs report, hedge funds have reached a five-year peak in trading activities in Asia, with significant buying in equities across Japan, Hong Kong, Taiwan, and India. This surge in bullish positions coincides with favorable developments in U.S.-China trade talks and a new pro-market president in South Korea, alongside a growing trend of de-dollarization benefiting Asian markets. The MSCI Asia-Pacific Index has risen 2.5% this month, contributing to a total increase of 24% since early April.
Source: YAHOO
Reported 27 days ago
President Trump announced a trade deal with the UK at the G7 summit, aiming to lower tariffs on British cars and aerospace imports. However, he expressed frustration over stalled negotiations with the EU and labeled Japan as 'tough' in trade discussions. As talks continue, Trump indicated upcoming pharmaceutical tariffs and emphasized the importance of fair deals moving forward.
Source: YAHOO
Reported 27 days ago
US stocks dropped on Tuesday as President Trump's comments diminished hopes for a ceasefire between Israel and Iran, with the Dow Jones falling approximately 0.4%, the S&P 500 by 0.3%, and the Nasdaq composite also declining by 0.3%. This market response follows Trump's rejection of a truce amidst ongoing airstrikes, fueled concerns over escalating regional conflict and continued trade policy uncertainty just as retail sales for May fell 0.9%, exceeding expectations.
Source: YAHOO