Reported 28 days ago
Los Angeles-based logistics company Warp has raised $10 million in Series A funding to enhance its AI-driven freight network and launch its first fully automated cross-dock facility. This brings its total funding to $22 million since its inception in 2021. The investment will support advanced AI systems that automate the entire freight process, improving efficiency and reducing costs. Warp aims to redefine supply chain infrastructure while minimizing team expansion.
Source: YAHOO
Reported 28 days ago
Ship OGRE has successfully acquired Amino Transport, enhancing its 'Ship Like a Beast' platform and reinforcing its commitment to transforming the logistics industry through innovation and efficiency. This marks OGRE's fourth acquisition, aimed at establishing it as a leader in logistics re-engineering. With Amino's expertise and rapid integration, OGRE anticipates continued national growth and improved logistics performance. CEO Wes Queen emphasizes the importance of speed and accuracy in logistics, signaling OGRE's intent to forge additional partnerships with like-minded firms in the industry.
Source: YAHOO
Reported 28 days ago
United Natural Foods (UNFI) is making significant strides in recovering from a cyberattack that occurred two weeks ago, as food shortages persist at grocery stores across North America. The company is in the process of restoring its electronic ordering systems, vital for supermarkets like Whole Foods, which rely on UNFI as their primary distributor. The disruption, which began on June 5, has led to supply issues with many stores experiencing empty shelves and unfulfilled orders, while UNFI has yet to provide a timeline for full recovery.
Source: YAHOO
Reported 28 days ago
Luxury group Kering has appointed Luca de Meo, previously CEO of Renault, as its new CEO to combat declining sales and increasing debt. Under the leadership of Francois-Henri Pinault, Kering has faced significant challenges, particularly with Gucci's performance dropping sharply. De Meo, known for his successful turnaround at Renault, will be tasked with implementing cost-cutting measures and finalizing Kering's acquisition of Valentino while addressing issues at Gucci that have surfaced since the departure of its former designer. The appointment is seen as a bold but necessary move to stabilize the company.
Source: YAHOO
Reported 28 days ago
The recent UN Ocean Conference in Nice, France, resulted in several financing deals aimed at ocean conservation, including commitments from development banks to invest billions in combating plastic pollution and enhancing marine ecosystems. However, the pledges fall significantly short of the estimated annual funding need of $175 billion.
Source: YAHOO
Reported 28 days ago
A recent U.N. conference to attract investment for ocean protection only secured about $10 billion, significantly less than the required $175 billion annually, as investors demand clearer regulations on ocean management. While some progress was made in addressing issues like overfishing and pollution, only 50 countries have ratified a new High Seas treaty aimed at improving governance. Experts emphasize the need for robust policy changes and investment pipelines to tackle challenges for ocean health and biodiversity.
Source: YAHOO
Reported 28 days ago
Regencell Bioscience Holdings experienced a dramatic 250% surge in its stock price following a 38-to-1 stock split that took effect on June 16, 2025. This biotech company, which focuses on treating children's diseases with traditional Chinese medicine, announced the split on June 2 to improve market liquidity and accessibility for investors.
Source: YAHOO
Reported 28 days ago
Vance Boelter, 57, has been arrested and charged with two counts of murder in connection with the fatal shootings of Minnesota State Representative Melissa Hortman and her husband. The shootings, described as a ‘murderous rampage’, occurred at their home in Brooklyn Park. Boelter, who allegedly posed as a police officer, was also linked to a separate shooting involving another lawmaker and his wife. Authorities discovered a list of public officials among Boelter's belongings, and federal charges could lead to a death sentence if he is convicted.
Source: YAHOO
Reported 28 days ago
Meta's stock has risen as it announced plans to introduce advertisements on WhatsApp, utilizing user data for targeting without analyzing message content. Meanwhile, Reddit's shares have surged following the release of new AI advertising tools aimed at enhancing user engagement. Additionally, Victoria's Secret faces pressure from activist investors seeking changes in corporate governance while navigating recent setbacks in quarterly performance.
Source: YAHOO
Reported 28 days ago
In 2023, foreign direct investment (FDI) flows into developing economies fell to $435 billion, the lowest since 2005, while advanced economies saw a drop to $336 billion, the lowest since 1996. The World Bank attributes this decline to rising barriers to investment and trade, macroeconomic uncertainty, and geopolitical risks, warning that such trends threaten development efforts and job creation. To reverse this slowdown, the report calls for bold domestic reforms, easing of investment restrictions, and increased global cooperation to ensure that FDI targets the countries with the greatest needs.
Source: YAHOO
Reported 28 days ago
Bernstein reports that the GENIUS Act, set for a Senate vote this week, will pave the way for stablecoins to become central to internet finance, transitioning them from cryptocurrency payments to mainstream adoption. The act, which mandates federal regulation for stablecoins with market caps over $10 billion, aims to foster U.S. innovation while restricting non-financial companies from issuing their own stablecoins, thereby ensuring partnerships with regulated U.S. issuers.
Source: YAHOO
Reported 28 days ago
Michael Saylor's company, Strategy (MSTR), announced the purchase of an additional $1.05 billion worth of bitcoin, raising its total investment to nearly $42 billion since August 2020. Despite a minor drop in stock price, Saylor emphasized a long-term buy-and-hold strategy, aiming to promote bitcoin as a treasury reserve asset. The company's approach has inspired other firms, though they face risks from bitcoin's volatility that can lead to substantial financial losses.
Source: YAHOO
Reported 28 days ago
Donald Trump's media company has filed to create an exchange-traded fund aimed at investing directly in Bitcoin and Ether, marking a significant step in its push into digital assets. The proposed 'Truth Social Bitcoin and Ethereum ETF' seeks to provide a straightforward investment option for these leading cryptocurrencies, while Trump Media continues to broaden its financial initiatives amidst ethical scrutiny regarding potential conflicts of interest.
Source: YAHOO
Reported 28 days ago
AMC Entertainment Holdings, Inc. (AMC) has seen increased attention from investors recently, with its stock outperforming the S&P 500 over the past month. Despite a projected loss for the current quarter, analysts have raised earnings forecasts, leading to a Zacks Rank of #3 (Hold). The company is also expected to report a significant revenue increase, which highlights its potential for growth. Investors are encouraged to consider these insights as they evaluate AMC's stock performance.
Source: YAHOO
Reported 28 days ago
Obscure Chinese stock scams have defrauded thousands of American investors, with cases like that of Braden Lindstrom, who lost $80,000 after being misled into investing in the company Jayud Global Logistics. These scams often involve social media promotions and manipulate the prices of small Chinese companies listed on U.S. exchanges. The Justice Department is now focusing on these fraudulent activities, which have become an ongoing concern for regulators, especially as many investors fall prey to misleading advertisements.
Source: YAHOO
Reported 28 days ago
U.S. stocks saw a significant rebound on Monday, with the Dow Jones, S&P 500, and Nasdaq all gaining as concerns over the escalating Israel-Iran conflict eased, particularly after reports of Iran's willingness to deescalate tensions. The Dow rose approximately 1%, while oil prices fell nearly 2% amidst renewed investor optimism that the conflict would not expand into a broader crisis. Looking ahead, investors are anticipating the Federal Reserve's decision on interest rates this week.
Source: YAHOO
Reported 28 days ago
Trump Media & Technology Group has submitted a filing to the U.S. SEC to launch a new exchange-traded fund focusing on bitcoin and ethereum, making it their second ETF filing in a short period. If approved, this Bitcoin & Ethereum ETF will enter a competitive market highly dominated by established players. The fund's unique allocation aims to hold three bitcoins for every one ethereum token.
Source: YAHOO
Reported 28 days ago
The Trump family has announced the launch of a new mobile phone company, Trump Mobile, which will create phones in the U.S. and have a domestic call center. This venture, alongside recent real estate deals overseas, raises ethical questions as Donald Trump continues to influence public policy for personal gain while in office. The service, called T1 Mobile, aims to cater to consumers' values by offering an affordable plan that includes unlimited data and additional services. Despite the Trump brand facing challenges and declines in several ventures, Eric Trump asserts that consumers deserve reliable wireless options.
Source: YAHOO
Reported 28 days ago
Senate Republicans are set to unveil key details of President Trump's significant economic policy bill, aiming for enaction of the $3 trillion tax package by July 4. However, unresolved issues concerning the state and local tax (SALT) deduction could complicate the negotiations, with differing positions from Republicans in high-tax and low-tax states. Additionally, the bill will address tax breaks for businesses and proposed changes to Medicaid, amidst ongoing discussions and challenges from Senate rules.
Source: YAHOO
Reported 28 days ago
Metro Bank's shares have reached a two-year high following speculation that London-based Pollen Street Capital is considering a takeover of the bank, potentially leading to a merger with Shawbrook, another firm owned by Pollen. This development comes after Metro, which has faced financial difficulties and job cuts in recent years, might return to private ownership. While the takeover could benefit shareholders, it raises concerns for employees and the bank's 3 million customers regarding future services and stability.
Source: YAHOO
Reported 28 days ago
Source: INVESTORS
Reported 28 days ago
Source: WSJ
Reported 28 days ago
project44 has introduced Movement, an innovative Decision Intelligence Platform designed to transform supply chain management. This platform merges over 5,000 API connections to streamline the operational process, enhance data quality through AI, and move beyond mere data visibility to actionable insights. It automates tasks such as booking shipments and resolving issues autonomously, ultimately improving customer interactions and operational efficiency. With strong endorsements from Fortune 500 companies, Movement aims to redefine logistics by shifting from traditional methods to a data-driven, automated approach.
Source: YAHOO
Reported 28 days ago
The European Investment Bank (EIB) has committed €1.6 billion ($1 billion) to the Bay of Biscay electricity interconnection project, enhancing power exchange capacity between Spain and France. This initiative is part of broader efforts to improve energy security in Europe and is supported by a significant EU grant. The project aims to integrate two alternating current systems through a submarine direct current line, expected to be operational by 2028, nearly doubling the electricity exchange capacity and reducing carbon emissions significantly.
Source: YAHOO
Reported 28 days ago
Intercontinental Exchange (ICE), the parent company of the NYSE, will initiate a dual listing on NYSE Texas as it prepares to compete with the upcoming Texas Stock Exchange. This strategic move, announced on June 16, 2025, aims to strengthen ICE's presence in Texas, a state favored for its business-friendly environment and lower taxes. Notably, NYSE Texas, which began operations in March, has already attracted several companies to dual list, indicating its growing foothold in the market. ICE plans to maintain its main listing on the NYSE while expanding opportunities in Texas.
Source: YAHOO