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
Reported about 2 months ago
Milan Kovac, who has led Tesla's Optimus humanoid robot program since 2022, announced his departure for family reasons in a social media post. He will be replaced immediately by Ashok Elluswamy, the current head of Tesla's autopilot teams. This transition comes as Tesla aims to ramp up production of its humanoid robots amid ongoing challenges, including export restrictions from China.
Source: YAHOO
Reported about 2 months ago
President Trump stated that Chinese President Xi Jinping has agreed to restart the flow of rare-earth materials as both nations prepare for trade negotiations set for June 9 in London. This agreement arises amidst ongoing tensions regarding tariffs and technology between the US and China. Trump confirmed on Air Force One that Xi is willing to revive supplies critical for American industries, while both sides look to resolve disputes affecting the global market.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
A feud between President Trump and Elon Musk has led to more than $150 billion lost in Tesla's stock value, raising concerns about Musk's political ties and the impact on Tesla and SpaceX. After Musk criticized Trump's spending bill, tensions escalated, causing Tesla shares to fall 14% in one day. While some investors worry about the long-term implications, others remain optimistic about Tesla's future in autonomous technology.
Source: YAHOO
Reported about 2 months ago
Tesla Inc. shares fell 14% recently, leading to a turbulent day for its leveraged ETF, TSLL, which plummeted 28.5%. Contrary to expectations, traders flooded in with $142 million in investments for TSLL despite the drop, indicating strong confidence in a rebound. This year, TSLL has faced a 60% decline, yet has amassed $3.1 billion in inflows, while other ETFs like TSLY and TSLQ saw mixed trends in investor activity.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
The ongoing feud between Elon Musk and Donald Trump has intensified engagement on the platform X, previously known as Twitter. Users have flocked to the site to witness the drama, resulting in a significant increase in active users. Despite Trump's continuous posting on his own platform, Truth Social, experts suggest that it lacks the reach of X, where he maintains a massive follower base. While the immediate effect of the feud appears beneficial for X's user engagement, its long-term impact on audience loyalty and advertising remains uncertain amidst scrutiny over content moderation and legal issues.
Source: YAHOO
Reported about 2 months ago
The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) saw a substantial influx of $786.7 million, elevating its assets under management to $44.2 billion, coinciding with a downturn in the stock market as tensions escalated between President Donald Trump and Elon Musk. While the S&P 500 dipped by 0.5% and Tesla's stock fell by more than 14%, other ETFs also reported significant inflows, totaling $4.3 billion across various categories, as investors shifted their focus towards short-term Treasuries.
Source: YAHOO
Reported about 2 months ago
Elon Musk could face substantial financial losses due to his ongoing dispute with Donald Trump, affecting his businesses including Tesla, SpaceX, and the social media platform X. The feud could hinder Tesla's self-driving taxi rollout, impact SpaceX's federal contracts, and reduce advertising revenue for X. As Musk’s enterprises heavily rely on government contracts, the outcome of this spat could determine the future of his ventures.
Source: YAHOO
Reported about 2 months ago
A Michigan marijuana dispensary, Timber Cannabis, has agreed to pay $205,000 to settle a lawsuit claiming that management kept tips left for employees by customers. A judge deemed the settlement terms 'fair and appropriate.' The lead plaintiff reported losing significant tip income after management changed its policy in 2024. More than 60 employees are eligible for the settlement, though Timber Cannabis did not admit any wrongdoing.
Source: YAHOO
Reported about 2 months ago
US stocks rallied on Friday, pushing the S&P 500 to breach the 6,000 mark for the first time since February, following a positive jobs report and signs of a cooling feud between President Trump and Elon Musk. The Dow Jones also saw significant gains, while Tesla's shares rebounded after a previous drop linked to the public clash. Investor optimism was buoyed by anticipated trade talks with China and Trump's call for Federal Reserve rate cuts.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Source: INVESTORS