Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
U.S. Treasury yields are projected to decline further as bond strategists maintain optimism over potential interest rate cuts by the Federal Reserve after a lengthy pause, despite an impending surge in new debt supply. Concerns surrounding the rising national debt and fiscal plans have prompted many investors to reassess their holdings. A survey indicates that while yields on longer-dated bonds may drop slightly, more than half of strategists have raised their forecasts, reflecting worries about possible yield increases driven by deficit concerns.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Elon Musk has set a tentative launch date for the Tesla Robotaxi, but the rollout will not occur this week as initially anticipated, leaving enthusiasts eager for further updates on the project's timeline.
Source: INVESTORS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Moody's Ratings has downgraded Warner Bros. Discovery Inc. to junk status, marking a significant decline for the media giant just a few years after a successful bond sale. The downgrade, prompted by Warner Bros.' decision to separate its streaming business from legacy media channels, affects approximately $31 billion of the company's debt, making it one of the largest potential junk bond issuers. Moody's cites ongoing operational challenges and changes in debt structure as key factors influencing the downgrade.
Source: YAHOO
Reported about 1 month ago
Starting to invest has never been easier, with numerous apps available to assist beginners in navigating the financial markets. The top six investing apps provide user-friendly interfaces, commission-free trading, portfolio management, and educational resources tailored for novice investors. Notable options include Charles Schwab, Robinhood, Webull, Fidelity Investments, Betterment, and Wealthfront, each offering unique features to cater to different investment needs.
Source: YAHOO
Reported about 1 month ago
Lockheed Martin's shares declined following a decision by the Pentagon to reduce its request for F-35 fighter jets, signaling potential challenges ahead for the aerospace and defense contractor.
Source: INVESTORS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Tesla shares experienced fluctuations after CEO Elon Musk expressed regret for his comments about President Trump, which previously affected the stock's value. Amid the market dynamics, Musk also confirmed that Tesla's robotaxi public rides are set to begin on June 22, with the first self-driving vehicle expected by June 28, although safety concerns may lead to shifting timelines.
Source: YAHOO
Reported about 1 month ago
Despite a prior agreement with Eli Lilly to cease sales of compounded GLP-1 weight-loss medications, telehealth partners like Ro and Noom continue to offer these products, following a recent FDA end to the drug shortage. Eli Lilly warns that ongoing sales pose risks to patient safety and legal consequences. Some compounding pharmacies exploit perceived regulatory loopholes to justify their actions by calling their products 'personalized'. Meanwhile, both Lilly and competitor Novo Nordisk are engaged in legal actions against these sales practices.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
In May, U.S. consumer prices saw a slight increase of 0.1% due to stable gasoline prices, with the year-on-year consumer price index rising to 2.4%. Economists expected a 0.2% rise, indicating subdued inflation despite ongoing trade tariffs. Analysts express cautious optimism, noting the lower-than-expected CPI may provide some relief to markets, though concerns about future inflation driven by tariffs remain.
Source: YAHOO
Reported about 1 month ago
The United States and China have reached an agreement on a framework to reduce tariffs and trade tensions, pending final approval from Presidents Trump and Xi Jinping. Trump announced the deal, which includes a 55% overall tariff on Chinese goods, signaling an easing on issues related to rare earths and Chinese students in US colleges. The legal status of Trump's tariffs remains unclear as a federal appeals court has temporarily allowed them to remain in effect, but the administration aims to maintain momentum in negotiations while addressing inflation concerns.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
US and China completed two days of talks in London aimed at easing tensions and resuming trade negotiations, resulting in a tentative agreement on shipments of rare earth metals and potential easing of export controls. While analysts deemed the deal 'tiny' with limited substance, it brought relief that relations may not worsen, as further discussions are anticipated. However, concrete changes, particularly regarding tariffs, remain uncertain.
Source: YAHOO
Reported about 1 month ago
In May, inflation rose by 2.4% year-over-year, slightly above April's 2.3%, primarily driven by increasing housing costs. Contrary to expectations, tariffs did not lead to widespread price increases in sectors like clothing and vehicles, which even saw price declines. Core inflation, excluding food and energy, remained unchanged at 2.8%. Economists suggest companies may be utilizing existing inventory to avoid immediate price hikes, indicating that any future inflation could be temporary.
Source: YAHOO
Reported about 1 month ago
Elon Musk's recent clash with Donald Trump has highlighted the inherent risks associated with the 'Musk premium' in Tesla's stock, which trades at significantly higher levels than its competitors. Analysts are divided on the significance of this premium, with some suggesting it could halve if Musk were to exit the company. The feud resulted in a dramatic 14% drop in Tesla shares at one point, showcasing how volatile investor sentiment can be tied to Musk's public actions and political statements. Despite a brief recovery, concerns linger about regulatory hurdles that could arise if the relationship between Musk and Trump doesn't improve.
Source: YAHOO
Reported about 1 month ago
The Consumer Price Index (CPI) for May demonstrated a slight easing of inflation pressures, rising just 0.1% month over month, which is below April's 0.2% increase and lower than expectations. Annually, CPI rose 2.4%, modestly up from 2.3% in April, but marking the lowest yearly increase since February 2021. Major contributing factors to the cool monthly core CPI included declines in vehicle and apparel prices, countering concerns about the impact of tariffs imposed by President Trump. Despite a temporary pause in some tariffs, uncertainties remain, and economists warn that the risk of higher prices could persist into the year.
Source: YAHOO
Reported about 1 month ago
Talen Energy has announced a significant nuclear energy agreement with Amazon to provide up to 1,920 megawatts of electricity from its Susquehanna plant to Amazon Web Services data centers. This long-term partnership, effective until 2042, aims to meet the escalating demand for carbon-free energy driven by the growth of data centers and AI, while also exploring new Small Modular Reactors. The deal marks a substantial investment in Pennsylvania with expected economic benefits.
Source: YAHOO