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
Reported about 1 month ago
在伦敦举行的高风险美中贸易谈判进入第二天，双方寻求缓解近期互相施加的贸易壁垒。美方的关键目标是恢复对中国稀土矿物的访问，而作为回报，美国可能会解除对某些高科技产品的出口限制。这场谈判同时提振了金融市场，但也存在因市场反应而导致特朗普政府重启激进关税言论的风险，可能引发新一轮的报复性措施。
Source: YAHOO
Reported about 1 month ago
Traders are increasingly predicting that the Federal Reserve will implement only one rate cut this year due to strong economic growth and persistent inflation. As they anticipate upcoming consumer price data, the expectations for a more cautious approach from the Fed are solidifying, with futures indicating minimal easing ahead. Recent job data and cooling trade tensions have led traders to reassess their positions, resulting in heightened demand for hedging against rate cuts, particularly focusing on no cuts this year.
Source: YAHOO
Reported about 1 month ago
Global markets are exhibiting buoyancy as they anticipate the results of critical U.S.-China trade talks and forthcoming inflation data. Despite concerns about economic growth and labor market distortions due to immigration policies, major stock indices continue to reach record highs fueled by government fiscal stimulus and corporate mergers. However, complexities in the labor market may mask underlying issues that could confuse investors and policymakers.
Source: YAHOO
Reported about 1 month ago
GameStop's stock saw a 4% drop for 2025 as the company reported a 17% decline in quarterly revenue, totaling $732.4 million. While GameStop shifted to an adjusted profit of $83.1 million, it fell short of the previous quarter's earnings. After-hours trading reflected continued losses with shares down approximately 5%. Additionally, GameStop has not acquired more Bitcoin after revealing last month that it possessed 4,710 bitcoins worth nearly $516 million at current prices.
Source: YAHOO
Reported about 1 month ago
Senate Majority Leader John Thune indicated that Senate Republicans aim to fulfill President Trump’s campaign promises by including tax exemptions for tips, overtime pay, Social Security, and auto loan interest in a revised tax package. Thune emphasized the importance of these provisions, which were specified in a House bill that passed narrowly and is now subject to revisions in the Senate before a deadline. While some Republican senators are concerned about the fiscal implications, it remains crucial for House leaders to retain these exemptions to maintain party support.
Source: YAHOO
Reported about 1 month ago
Waymo, an offshoot of Google, has established itself as a leader in autonomous vehicle technology and robotaxi services, boasting the most miles driven and a substantial weekly trip count. However, with Tesla gearing up to test its robotaxi platform and already having millions of vehicles on the road, the competition could intensify. Experts suggest that while Tesla's vision-based system poses a challenge to Waymo, it still has a long way to go to catch up.
Source: YAHOO
Reported about 1 month ago
The US and Mexico are nearing a deal to eliminate a 50% tariff on steel imports, contingent on maintaining shipments below a defined historical volume. Led by Commerce Secretary Howard Lutnick, the negotiations occur amid a backdrop of discussions on immigration and border security. While the agreement isn't finalized, it proposes a higher import cap compared to a previous arrangement under Trump's first term, with potential implications for US steel stocks and broader trade relations.
Source: YAHOO
Reported about 1 month ago
IBM shares surged to an all-time high as the company announced a realistic roadmap for achieving a breakthrough in quantum computing by the end of the decade. The new IBM Starling computer is projected to perform 20,000 times more operations than current quantum computers, which could revolutionize fields like drug development and materials science.
Source: YAHOO
Reported about 1 month ago
Despite a dramatic 35% drop in Chinese imports to the US in May, many goods are still reaching American shores by passing through other Asian countries like Vietnam and Cambodia. This method, known as transshipment, allows Chinese companies to sidestep higher tariffs meant for them by shipping products to countries with lower tariffs before entering the US market. As companies adapt to tariffs, there's been an uptick in imports from neighboring nations, highlighting the complexities of international trade amidst the ongoing trade war.
Source: YAHOO
Reported about 1 month ago
Reports indicate that two Trump allies, Marjorie Taylor Greene and Rob Bresnahan, purchased Tesla shares in May just before tensions escalated between President Trump and Elon Musk, resulting in a decline in Tesla's stock price. Both lawmakers attribute the trades to their financial advisers, claiming they were unaware of the transactions until disclosed. Greene and Bresnahan have traded Tesla stock multiple times this year amidst ongoing discussions about the ethics of congressional stock trading.
Source: YAHOO
Reported about 1 month ago
US stocks edged closer to their historic highs as Wall Street closely monitors the outcome of ongoing US-China trade negotiations. The S&P 500 increased by 0.5%, buoyed by positive sentiments from discussions aimed at resolving trade tariffs that have caused economic uncertainties. Despite some companies like Designer Brands facing negative impacts on forecasts due to trade-related concerns, others, such as Tesla, saw gains, indicating mixed market reactions amid an atmosphere of cautious optimism.
Source: YAHOO
Reported about 1 month ago
Moody's Ratings has issued a warning about the potential liquidity and asset quality risks arising from the influx of retail investors into the private credit sector. This shift, driven by asset managers creating funds to attract 'Main Street' investors, raises concerns over transparency and underwriting standards as the demand for high-quality assets grows amid a tight supply. Furthermore, the evolving regulatory landscape could exacerbate these vulnerabilities, particularly if rapid capital deployment leads to mismatches between liquidity and investor expectations.
Source: YAHOO
Reported about 1 month ago
US stocks saw a modest increase as optimism grew from ongoing US-China trade talks, with the S&P 500 and Nasdaq nearing their all-time highs. The Dow closed up approximately 0.2%, the S&P 500 rose about 0.5%, and the Nasdaq climbed around 0.6%. Investors remain cautious as they monitor trade developments, especially regarding US access to China's rare earth minerals, amid various contentious issues. Additionally, the market awaits the upcoming Consumer Price Index report for further insight into inflation.
Source: YAHOO
Reported about 1 month ago
Tesla's stock has experienced a significant increase as the company is officially recognized as an autonomous vehicle operator in Austin, Texas, just ahead of its robotaxi service launch set for June 12. Following three consecutive days of stock gains, the positive momentum is also attributed to a cooling feud between CEO Elon Musk and former President Trump, who recently made conciliatory remarks regarding Musk.
Source: YAHOO