Reported about 1 month ago
In today's Market Minute, Yahoo Finance's Julie Hyman reports on Voyager Technologies (VOYG) successfully launching its IPO on the New York Stock Exchange, opening at $69.65 after pricing at $31. Tesla CEO Elon Musk expresses regret over his public spats with President Trump, while GameStop (GME) faces challenges after reporting a decline in first quarter revenue and announcing substantial Bitcoin purchases.
Source: YAHOO
Reported about 1 month ago
Chewy CEO Sumit Singh recently reported that the online pet retailer has a resilient supply chain that enables quick reactions to disruptions, despite missing earnings guidance. The company, which derives about 85% of its sales from non-discretionary items and gains a significant proportion of revenue from its subscription service, Autoship, continues to see strong customer demand. Singh expressed confidence about Chewy's future performance and emphasized that the business remains insulated from broader supply chain challenges, thereby maintaining profitability and growth momentum.
Source: YAHOO
Reported about 1 month ago
Ethereum ETFs have achieved consecutive record inflows, totaling $326 million in just one week, since receiving SEC approval last year. The influx reflects a heightened risk appetite among investors, largely influenced by favorable SEC indications regarding cryptocurrency staking. Notably, funds like the iShares Ethereum Trust are attracting significant investments as investors seek to capitalize on potential returns in the crypto market.
Source: YAHOO
Reported about 1 month ago
GitLab's stock fell after releasing disappointing second quarter guidance, triggering concerns about its growth. In contrast, SailPoint's shares surged nearly 20% following strong earnings and an increased full-year outlook. Additionally, Meta announced a significant $14 billion investment in Scale AI and the hiring of its CEO, an effort to enhance its positioning in the competitive AI landscape.
Source: YAHOO
Reported about 1 month ago
A recent report showed milder-than-expected CPI inflation, leaving Federal Reserve policymakers inclined to maintain their current interest rates until there's more clarity on the effects of President Trump's tariffs. Despite some economists predicting visible impacts from tariffs in the CPI report, inflation pressures remained stable in May. The Fed is likely to continue its wait-and-see approach, delaying any rate cuts, especially in light of a strong labor market. President Trump has urged the Fed to cut rates, but officials emphasize concerns about inflation risks over employment.
Source: YAHOO
Reported about 1 month ago
The Dow Jones experienced an increase driven by a trade deal with China and favorable inflation data, while stocks in the quantum sector soared due to positive news from Nvidia.
Source: INVESTORS
Reported about 1 month ago
Starbucks is set to implement an enhanced staffing and service model across its 18,000 North American outlets by the end of summer 2025, moving beyond its initial plan which targeted only a third of U.S. locations. CEO Brian Niccol announced a pilot program at 700 stores aimed at improving service efficiency, which has already shown positive sales results. This initiative is part of the 'Back to Starbucks' strategy, which focuses on exceptional service, customer connection, and an overall revitalization of the brand experience.
Source: YAHOO
Reported about 1 month ago
President Donald Trump has called for the Federal Reserve to implement a significant one-point cut in interest rates following the release of inflation data. He praised the May Consumer Price Index while warning that increasing tariffs could accelerate price pressures. Though Fed officials are expected to maintain current rates in their upcoming meeting, Trump's push for a reduction highlights concerns over government borrowing costs amid ongoing economic uncertainties.
Source: YAHOO
Reported about 1 month ago
Paytech company Wonder has been appointed the omnichannel payment facilitator for Octopus Cards in Hong Kong, enhancing both online and offline payment capabilities for merchants. This partnership allows merchants to integrate Octopus into their payment methods via Wonder's platform, enabling simplified financial transactions across various sectors. Wonder CEO Jason Ngan emphasized the significance of this collaboration in driving digital payment innovation for the city, while Octopus CEO Tim Ying highlighted the goal of providing seamless and secure payment experiences for customers.
Source: YAHOO
Reported about 1 month ago
US stock markets experienced slight gains as investors reacted to a lower-than-expected inflation report, raising hopes for an interest rate cut by the Fed. The Dow remained flat while the S&P 500 fell, and the Nasdaq dropped nearly 0.6%. Positive sentiment was fueled by a trade agreement between the US and China aimed at stabilizing their trade relations. Current inflation data suggests a cooling trend, increasing the likelihood of potential rate cuts in the near future.
Source: YAHOO
Reported about 1 month ago
Chewy Inc. announced its Q1 2025 earnings, revealing an adjusted profit of 35 cents per share, surpassing analyst expectations. The pet supply retailer achieved $3.12 billion in sales, an 8.3% increase from the previous year, with active customers rising to 20.756 million. Chewy also reported a healthy increase in free cash flow and anticipates a 2025 adjusted EBITDA margin expansion. Despite a dip in stock price, the company remains confident about its growth trajectory.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Drift is transforming its DeFi platform on Solana by adding perpetual trading, prediction markets, and services tailored for institutional investors. Co-founder Cindy Leow highlighted the platform's focus on capital efficiency and user experience, aiming to attract sophisticated traders. Recently, Drift announced a $25 million Series B funding to fuel its expansion, further solidifying its position as a comprehensive DeFi hub on Solana amidst the evolving decentralized finance landscape.
Source: YAHOO
Reported about 1 month ago
隨著年齡增長，Matt DiLallo將投資焦點從增長轉向收入，建立了一個無需出售的核心收益投資組合，包括Brookfield Renewable、Brookfield Infrastructure、Realty Income、Enterprise Products Partners和Verizon Communications。這五家公司都能提供穩定且日益增長的股息，旨在支持他日後的財務獨立和生活支出。
Source: YAHOO
Reported about 1 month ago
Quantum computing stocks experienced a significant rise after Nvidia CEO Jensen Huang announced that the technology is reaching an 'inflection point' during a developer conference. Huang's optimistic remarks contrasted sharply with his earlier comments from January, which had predicted that practical quantum computers were still two decades away. Companies like Quantum Computing (QUBT), Rigetti Computing (RGTI), and IonQ (IONQ) saw notable stock gains, spurred by Huang's belief that quantum computers would soon be capable of addressing complex problems. This follows IBM's announcement of developing a large-scale quantum computer meant to function without errors by 2029, marking important progress in the field.
Source: YAHOO
Reported about 1 month ago
CrowdStrike Holdings (CRWD) shares increased by 0.12% to approximately $464.94, amidst mixed options sentiment. The trading volume saw only 5050 contracts, with calls dominating puts, resulting in a put/call ratio of 0.48. Implied volatility has decreased, suggesting a modest expected daily movement of $10.37, while increased demand for downside protection followed a recent downgrade to In Line by Evercore ISI.
Source: YAHOO
Reported about 1 month ago
Citi analyst Geoff Meacham maintains a Buy rating for Gilead (GILD) with a $125 price target despite the FDA's clinical hold on its Phase 2 WONDERS trials due to safety concerns in participants. While this setback may delay the projected launch of the GS-1720/GS-4182 HIV treatment combination to 2029 or 2030, it does not affect ongoing HIV treatments and is seen as a minor hurdle. Citi remains optimistic about Gilead's future developments in HIV treatment.
Source: YAHOO
Reported about 1 month ago
RBC Capital has stated that Gilead's clinical hold on its weekly oral HIV treatment regimen will not likely impede the approval of lenacapavir for PrEP. Despite concerns regarding patient safety from earlier clinical studies, the firm believes the hold is manageable and does not foresee it delaying lenacapavir's PDUFA date. However, they acknowledge that the timing is not ideal, as it coincides closely with the approval deadline.
Source: YAHOO
Reported about 1 month ago
Zeus North America Mining has signed a binding letter of intent to acquire a 90% interest in the Delker and Bulls Eye copper-gold properties in Nevada, known for rich mineral resources. The deal, estimated at $530,000 plus one million shares, is contingent on final agreements and approval. The acquisition includes commitments for milestone payments and plans for extensive exploration, leading to a joint venture with Nedeel. The properties are strategically located for year-round access and exploration.
Source: YAHOO
Reported about 1 month ago
Theta Gold Mines has finalized a $35 million loan agreement with the Industrial Development Corporation of South Africa to fund the TGME underground gold project. The seven-year loan allows for an 18-month deferment of capital and interest payments, following a thorough due diligence process. This agreement marks a significant milestone for the project, as the company prepares to complete its legal agreements and updates its feasibility study, with the next version expected by Q3 2025.
Source: YAHOO
Reported about 1 month ago
Rivian is poised for significant growth over the next three years as it prepares to launch new affordable models and has recently achieved positive gross margins for the first time. Analysts believe that successful launches of mass-market vehicles could lead to skyrocketing sales and improved profitability, making Rivian shares increasingly attractive despite the current discount compared to competitors like Tesla.
Source: YAHOO
Reported about 1 month ago
Texas Roadhouse has introduced a fresh menu item called 'Road Kill', offering diners a new culinary experience alongside their classic offerings.
Source: INVESTORS
Reported about 1 month ago
Source: YOUTUBE
Reported about 1 month ago
Source: WSJ