Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
The latest Morning Brief highlights that major IPOs closely resemble the top stocks in the market, particularly the 'Magnificent Seven' tech companies, which have driven the S&P 500 to near-record levels. Recent IPOs, especially in tech, have shown remarkable gains, with shares from notable listings like Circle and CoreWeave surging significantly. Research indicates tech IPOs have outperformed non-tech IPOs by a wide margin, demonstrating the strong investor interest in technology and AI-driven companies.
Source: YAHOO
Reported about 1 month ago
After a trade framework was agreed upon in London between the US and China, analysts expressed various views on its implications. US Commerce Secretary Howard Lutnick noted the potential resolution of restrictions on rare earths, while experts like Chris Weston and Carol Kong highlighted the importance of details in the agreement and the challenges ahead. Though markets reacted with limited movement, there was cautious optimism regarding ongoing talks, even as skepticism remained about achieving a comprehensive trade deal.
Source: YAHOO
Reported about 1 month ago
The US and China have established a framework to ease trade tensions following two days of negotiations in London, aimed at resolving issues related to rare earths and magnets. US Commerce Secretary Howard Lutnick announced that representatives would now seek approval from their leaders. While Trump's tariffs remain under legal scrutiny, a federal appeals court has allowed them to stay in effect temporarily. The negotiations occur against a backdrop of heightened scrutiny on global trade policies, with ongoing discussions involving other countries as well.
Source: YAHOO
Reported about 1 month ago
Tesla is tentatively set to launch its self-driving robotaxi service to the public on June 22, as announced by CEO Elon Musk. The company is focusing on autonomous vehicles as a key part of its future, although the path to commercialization is fraught with challenges such as safety concerns and regulatory hurdles. Musk emphasized the importance of safety, indicating that the launch date may change.
Source: YAHOO
Reported about 1 month ago
Spain's Economy Minister Carlos Cuerpo highlights the pressing challenges of 'overtourism' as the country anticipates welcoming up to 100 million tourists this year. With a record 94 million international visitors last year, the surge in tourism is correlated with rising housing costs and short-term rental issues, prompting widespread protests from frustrated residents. The government has responded by cracking down on illegal Airbnb listings and acknowledging the urgent need for more public housing to address the significant housing deficit. Cuerpo emphasized a multifaceted approach to tackle these challenges while ensuring a beneficial experience for both tourists and locals.
Source: YAHOO
Reported about 1 month ago
US stock futures showed mixed performance as markets reacted to the latest developments in US-China trade negotiations, a legal ruling regarding Trump tariffs, and anticipation of the May inflation report. An agreement framework to alleviate trade tensions was reached, while optimism in the meetings helped lift stock sentiment. The upcoming Consumer Price Index report is closely watched, as analysts predict a slight increase in inflation following new tariff rates.
Source: YAHOO
Reported about 1 month ago
US and Chinese officials have reached a preliminary agreement aimed at reducing trade tensions, particularly concerning the flow of rare earth minerals and magnets. Following discussions in London, both sides plan to present the proposal to their leaders for approval. While the specifics of the deal are pending, US officials express optimism about resolving key issues and building trust between the two nations, which have been impacted by aggressive trade policies in recent months.
Source: YAHOO
Reported about 1 month ago
U.S. Commerce Secretary Howard Lutnick announced that a newly agreed trade framework with China is expected to resolve restrictions on rare earths and magnets. Lutnick mentioned the U.S. negotiating team would seek President Donald Trump's approval before implementing the agreement.
Source: YAHOO
Reported about 1 month ago
Qantas has announced the closure of its low-cost airline Jetstar Asia, based in Singapore, due to increasing supplier costs, high airport fees, and intense competition from other budget carriers. The decision will release A$500 million for fleet renewal investments, as the airline plans to redirect Jetstar Asia's 13 Airbus A320 aircraft to Australia and New Zealand. Jetstar Asia is projected to incur a loss of A$35 million this financial year, with operations concluding on July 31.
Source: YAHOO
Reported about 1 month ago
Tesla's anticipated robotaxi service launch in Austin, Texas, has led to a surge in its shares, with analysts from Goldman Sachs noting the company's advantages in low hardware costs and AI-driven scalability. However, they also expressed skepticism regarding CEO Elon Musk's ambitious growth targets amidst fierce competition and operational challenges.
Source: YAHOO
Reported about 1 month ago
On June 11, major earnings from Oracle, Chewy, and Victoria's Secret will dominate market attention, alongside May's Consumer Price Index (CPI) data and U.S. mortgage application statistics. Economists expect the total CPI to remain steady at 0.2%, with core CPI potentially increasing to 0.3%. Additionally, mortgage applications are projected to show a continued decline, having dropped 3.9% last week, marking the third week of decrease.
Source: YAHOO
Reported about 1 month ago
Brian Quintenz, nominated by President Trump to lead the CFTC, faced questions from Democratic senators regarding potential conflicts of interest related to his positions in the crypto industry and prediction markets. During his confirmation hearing, he affirmed his commitment to resign from existing roles if confirmed, while advocating for clearer regulatory frameworks for digital assets and prediction markets. Concerns were raised about his independence, particularly his association with Kalshi Inc., which clashes with CFTC authority on bet placements. Quintenz asserted the necessity for additional funding and resources to handle expanded agency duties if new regulations emerge.
Source: YAHOO
Reported about 1 month ago
Actors Jason Bateman, Will Arnett, and Sean Hayes are launching SmartLess Mobile, a wireless provider offering affordable data plans aimed at consumers who mostly use Wi-Fi. They aim to challenge traditional carriers' unlimited data plans, which are often costly and unnecessary for the average user. SmartLess Mobile's plans start at $15 for 5 GB of data, contrasting with starter unlimited plans that can reach $70. The actors leverage their podcast audience to raise awareness and market their new venture more effectively.
Source: YAHOO
Reported about 1 month ago
Voyager Technologies, a space and defense tech firm, successfully raised $382.8 million in its U.S. initial public offering, selling approximately 12.35 million shares at $31 each, exceeding its expected range. The IPO coincides with a surge in military spending following President Donald Trump's administration's push for increased defense and space project budgets.
Source: YAHOO
Reported about 1 month ago
Following the recent WWDC 2025, Apple's stock saw a slight increase after a prior decline, yet failed to impress investors with updates, particularly concerning Siri's enhancements. As Apple faces potential selling pressure and a longer-term downtrend, key price levels to watch include support at $193 and $180, and resistance at $214 and $235.
Source: YAHOO
Reported about 1 month ago
Google is implementing a voluntary exit program for U.S. employees across various divisions, including its search and central engineering teams. This comes after previous layoffs and aims to support future work while encouraging remote staff to adopt a hybrid work model. The initiative follows significant workforce reductions in 2024 and earlier layoffs affecting around 12,000 employees in 2023.
Source: YAHOO
Reported about 1 month ago
Starbucks CEO Brian Niccol announced the accelerated deployment of a new staffing and service model across all 18,000 North American locations by the end of summer, instead of the previously planned one-third of U.S. stores. This initiative aims to enhance customer experience and drive sales growth, as early trials indicate improved service speed and sales. The model features in-store technology for better order management and a dedicated barista for drive-through services, aligning with Niccol's strategy to refocus on in-store experiences.
Source: YAHOO
Reported about 1 month ago
In its latest trading session, First Solar (FSLR) stock closed at $164.62, up 2.78%, surpassing the S&P 500's 0.55% increase. While FSLR has seen a 2.53% rise over the past month, it lags behind the Oils-Energy sector's 3% gain and the S&P 500's 6.29%. Upcoming earnings report predictions suggest an EPS of $2.66, marking an 18.15% drop from last year, with quarterly revenues expected to rise slightly to $1.01 billion. Analysts' outlooks are critical, as FSLR currently holds a Zacks Rank of #5 (Strong Sell) amidst a challenging industry climate.
Source: YAHOO
Reported about 1 month ago
New Jersey Transit train engineers have decisively approved a tentative seven-year agreement that ended a three-day strike, which had disrupted service for approximately 100,000 daily commuters, including routes to New York City. While financial details remain undisclosed, the contract reportedly includes substantial pay increases for the engineers. This strike was the state's first in over 40 years, significantly affecting public transport options. NJ Transit officials expressed that the agreement is fair and maintains budget stability, preventing the need for a fare hike.
Source: YAHOO
Reported about 1 month ago
On June 10, 2025, the S&P 500 rose by 0.6% as U.S. and China trade negotiations continue, with Tesla stocks increasing by 5.7% due to positive CEO announcements about a new robotaxi service. In contrast, J.M. Smucker's shares fell nearly 16% after reporting disappointing sales and profit forecasts, primarily driven by declining sales in baked goods and dog treats.
Source: YAHOO