Reported about 2 months ago
Tesla aims to launch its robotaxi service in Austin, Texas, potentially as early as June 12, amid recent stock fluctuations due to a public dispute between CEO Elon Musk and former President Trump. The company has not officially confirmed the launch date, but analysts believe the success of the robotaxi program could significantly boost Tesla's stock, which has seen a significant decline this year.
Source: YAHOO
Reported about 2 months ago
Vietnamese businesses have secured 20 agreements totaling around $3 billion to import US agricultural products before the upcoming third round of trade negotiations. The agreements were reached during discussions led by Vietnam's Minister of Agriculture in various states. This initiative demonstrates Vietnam's commitment to fostering balanced trade with the US and addressing tariff concerns, amid diplomatic efforts to prevent a significant tariff increase.
Source: YAHOO
Reported about 2 months ago
Rio Tinto is in discussions with Australian federal and state governments for a significant bailout of its Tomago aluminium smelter in New South Wales, facing financial difficulties due to rising energy costs. The talks are focused on the smelter's electricity contract for 2026-2029 and federal production tax credits. The smelter, which accounts for about 10% of New South Wales' power supply, produces 590,000 tonnes of aluminium annually. Australia's government has pledged A$2 billion in production credits to assist aluminium smelters, including Tomago, in transitioning to renewable energy.
Source: YAHOO
Reported about 2 months ago
The Vatican, facing significant financial issues, primarily relies on dwindling donations, museum ticket sales, and underperforming investments to fund its operations. With a budget shortfall projected at 770 million euros for 2022, Pope Leo XIV is tasked with finding new revenue sources. While traditional donations like Peter's Pence have declined, there is potential in the Vatican's extensive real estate holdings, which largely go underutilized. Analysts suggest that diversifying income through better management of these assets and appealing to a broader donor base outside the U.S. is essential for financial recovery.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Yageo, Taiwan's leading chip resistor manufacturer, plans to meet with Japan's Shibaura Electronics in Tokyo mid-June to discuss potential cooperation. This follows Yageo's earlier unsolicited tender offer to acquire Shibaura, which specializes in thermistor technology.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
Proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis face growing criticism from lawmakers and industry leaders, including JPMorgan's Jamie Dimon, who labeled them a 'cancer.' Recent hearings revealed concerns over their influence on shareholder voting and accusations of promoting progressive agendas. Despite their significant market control, proponents argue that these firms primarily align with corporate boards’ recommendations. In response, major asset managers are now offering investors options to guide their voting preferences, reflecting a broader debate about the role of proxy advisors in today's investment landscape.
Source: YAHOO
Reported about 2 months ago
Trump Media and Technology Group has filed for SEC approval of its Truth Social Bitcoin ETF, which will directly track bitcoin prices and trade on NYSE Arca. Managed by Truth.fi, the ETF aims to align with 'America First' economic priorities, but its ties to Trump Media may raise potential legal challenges and conflicts of interest for investors. The move indicates Trump's growing involvement in the cryptocurrency market, amidst a backdrop of increased interest in various cryptocurrency ETFs.
Source: YAHOO
Reported about 2 months ago
As the SEC's approval for dual share classes remains pending, many asset managers are taking proactive steps by converting mutual funds to ETFs. Notable conversions include Akre Capital Management's $12 billion Akre Focus Fund and JPMorgan's $1.2 billion Unconstrained Debt Fund. These transitions promise greater tax efficiency, transparency, and lower fees for shareholders, highlighting a strategic shift in the investment landscape as firms adapt to changing market conditions.
Source: YAHOO
Reported about 2 months ago
The Trump administration's intensified immigration enforcement has led to aggressive tactics, including the deployment of armed ICE agents, stun grenades, and armored vehicles during raids across the U.S. These operations, which have surged in the number of daily arrests, have drawn criticism from local officials and community members, who argue that such militarized approaches sow fear and disrupt public safety. Elected leaders claim these tactics are unnecessary and designed to instill terror, while ICE maintains that these strategies are necessary for the protection of its officers.
Source: YAHOO
Reported about 2 months ago
Gold has surged nearly 25% this year and hit an all-time high of $3,500 an ounce in April, raising questions about its viability as a safe haven or a return-generating asset in investment portfolios. Experts are divided, with some cautioning against high valuations while others see gold as a necessary insurance policy amidst macroeconomic uncertainties. Demand from investors and central banks remains strong, but concerns about volatility and potential returns linger, prompting a careful approach to adding gold to financial strategies.
Source: YAHOO
Reported about 2 months ago
Japan's chief trade negotiator, Ryosei Akazawa, announced some progress in the latest round of talks with U.S. officials regarding tariffs impacting Japan's economy, which include high rates on autos and steel. If no agreement is reached, a 24% tariff will come into effect in July. Akazawa emphasized the urgency of reaching a deal before the upcoming G7 summit while maintaining Japan's stance against the tariffs.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
EchoStar is reportedly contemplating a Chapter 11 bankruptcy filing to protect its wireless spectrum licenses from potential revocation by federal regulators. This move follows an FCC investigation into the company's compliance with federal obligations for 5G service, which has hindered its strategic decisions and investment opportunities. The company also faces financial strain, having missed $500 million in interest payments.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Analysts expressed worries about the integrity of U.S. Department of Agriculture reports following the agency's delay and redaction of a quarterly agricultural trade report, which excluded key findings linking tariffs to an increasing agricultural trade deficit. Despite assurances from the USDA that the data remains accurate, the unusual exclusion of explanatory text has raised questions about the objectivity of their reports and the impact of personnel changes within the agency during the Trump administration.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
U.S. President Donald Trump announced that Chinese President Xi Jinping has agreed to allow rare earth minerals and magnets to be exported to the United States, potentially easing trade tensions between the two nations. This development follows a recent call between the leaders aimed at resolving ongoing trade disputes. The agreement includes provisions for temporary export licenses for key U.S. automakers, and future discussions between the two countries' officials are scheduled to continue. Despite this progress, concerns remain over China's earlier suspension of critical mineral exports.
Source: YAHOO
Reported about 2 months ago
Broadcom Inc. saw its shares drop by up to 4.5% on Friday after reporting strong earnings that exceeded expectations, contributing to a decline in broader tech ETFs. Despite a 20% year-over-year revenue increase to $15 billion and guidance for continued growth, the stock's prior record highs and investor profit-taking led to the drop. Broadcom remains a significant player in the AI sector and a major holding in several ETFs.
Source: YAHOO
Reported about 2 months ago
President Trump announced that the decision regarding the next Federal Reserve chair will be revealed soon, noting that a capable chair could lead to lower interest rates. He mentioned former Fed governor Kevin Warsh as a strong candidate and criticized current Chair Jerome Powell for being slow to cut rates.
Source: YAHOO
Reported about 2 months ago
Next week, investors are focused on GameStop's earnings release, corporate results from Oracle and Adobe, and Apple's Worldwide Developers Conference. Additionally, US and Chinese representatives will resume trade talks, while Tesla is set to launch its robotaxi service in Austin. Key inflation data is also expected, with forecasts suggesting steady consumer price index numbers.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS