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
Reported about 1 month ago
Quantum computing stocks surged in premarket trading after Nvidia CEO Jensen Huang announced at the GTC Paris developer conference that the industry is 'reaching an inflection point.' Huang's comments indicate a more positive outlook on quantum technology compared to his earlier statements, sparking increased investor confidence. Shares of companies such as Quantum Computing, Rigetti, D-Wave Computing, and IonQ all experienced notable gains.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Oil prices climbed over 4% to a two-month high as the U.S. prepared to evacuate its embassy in Iraq due to growing security risks in the Middle East. Brent crude settled at $69.77 per barrel while West Texas Intermediate reached $68.15, influenced by geopolitical tensions and a new trade deal between the U.S. and China, anticipated to increase energy demand. The U.S. also reported a larger-than-expected drop in crude inventories, contributing to the bullish sentiment in the market.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Protests against immigration raids have extended from Los Angeles to New York, Chicago, and Milwaukee, with clashes between demonstrators and police. Following a nighttime curfew imposed by LA Mayor Karen Bass amid escalating tensions, more than 400 people have been arrested in Los Angeles. The protests are a response to aggressive ICE operations, prompting California Governor Gavin Newsom to criticize President Trump’s deployment of National Guard troops to the city. Similar demonstrations and unrest have emerged in other cities, as officials struggle to manage the situation.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
SailPoint's shares jumped 12% in premarket trading after the company reported a higher-than-expected revenue of $230.5 million and an adjusted profit for its fiscal Q1 2026, surprising analysts who predicted a loss. The firm also raised its full-year revenue and earnings projections, indicating strong growth prospects.
Source: YAHOO
Reported about 1 month ago
The article discusses the current state of CPI inflation, which remains subdued even in the face of tariffs imposed during Trump's presidency. It highlights the resilience of the economy and the effectiveness of current monetary policies.
Source: INVESTORS
Reported about 1 month ago
Source: BARRONS