Reported 5 days ago
Leland Miller, co-founder of China Beige Book International, emphasizes that the real conflict between the U.S. and China lies in the control of supply chains and critical ‘choke points’ for essential products, particularly rare earth elements. At a recent conference, he highlighted the impact of trade wars on supply chains, as China has limited exports of these minerals in response to U.S. tariffs. Miller noted that U.S. attempts to build a domestic rare earths industry have faced setbacks due to China's market dominance and suggested that the U.S. may need to shift its approach by involving government policy to protect critical industries.
Source: YAHOO
Reported 5 days ago
Codi, a startup backed by Andreessen Horowitz, has unveiled an AI-powered platform designed to automate office management, eliminating the need for manual labor in coordinating office logistics. Founded in 2018, Codi originally connected companies with flexible office spaces but has now evolved to leverage AI for tasks such as vendor coordination and maintenance management. The platform aims to save companies significant administrative costs and time, with 40 new clients already signed on during its beta phase. CEO Christelle Rohaut emphasizes the transition from traditional office management to a more autonomous solution.
Source: YAHOO
Reported 5 days ago
OpenAI has introduced its new web browser, Atlas, aiming to compete with Google Chrome as more users turn to AI for information. The browser, which launches on Apple laptops before expanding to other operating systems, seeks to leverage the popularity of ChatGPT to attract web traffic and advertising revenue. However, it faces significant challenges, as Chrome dominates the market with around 3 billion users. OpenAI plans to innovate the browsing experience, integrating AI features that could change the way people interact with the internet.
Source: YAHOO
Reported 5 days ago
Beyond Meat's stock surged nearly 70% following the announcement of its products being made available in over 2,000 Walmart stores. This expansion includes a six-pack of burgers, chicken pieces, and Korean barbecue products, aimed at attracting non-vegetarians with more affordable pricing. The company's stock volatility has increased due to a recent debt swap that may shift control to bondholders.
Source: YAHOO
Reported 5 days ago
Netflix is set to announce its quarterly earnings, with analysts anticipating strong results bolstered by successful shows like 'KPop Demon Hunters' and rising prices. With projected earnings of $6.92 per share and revenues reaching $11.52 billion, Netflix's performance could influence the broader streaming market, demonstrating resilience in consumer spending amidst economic uncertainties. UBS analysts remain optimistic about Netflix's future, citing anticipated membership growth and a solid fourth quarter lineup.
Source: YAHOO
Reported 5 days ago
The J.M. Smucker Co. has filed a lawsuit against Trader Joe’s, claiming that the supermarket's new frozen peanut butter and jelly sandwiches infringe on its trademarked packaging design, which closely resembles its Uncrustables brand. Smucker argues that the similarities in shape, crimped edges, and packaging design could confuse consumers. The case highlights important issues related to trade dress protections and brand identity in the packaging industry.
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
Cleveland-Cliffs has announced the permanent closure of its Steelton, Pennsylvania plant, one of only three major track rail producers in the U.S., due to low demand. This closure, set for January 13, 2026, will result in the loss of 500 jobs, leaving Steel Dynamics, Inc. and Orion Steel as the only remaining heavyweight rail manufacturers in the country. Despite the plant closure, Cleveland-Cliffs' stock has surged by 135% since the announcement as the company plans to diversify its business.
Source: YAHOO
Reported 5 days ago
As third quarter earnings season kicks off, Marketgauge.com chief strategist Michele Schneider discusses the positive outlook for earnings, particularly with major companies like Netflix and Tesla set to report. She notes that while most companies are surpassing expectations, investors should remain cautious and aware of warning signs, especially concerning consumer behavior and regional banks. Schneider suggests exploring investments in energy infrastructure and long bonds as potential opportunities.
Source: YAHOO
Reported 5 days ago
Warner Bros. Discovery has initiated a review of strategic alternatives due to unsolicited takeover interest from multiple parties, which has resulted in a significant rise in its stock price. The company is evaluating options such as completing its planned split into two independent entities or selling parts of the business. Additionally, Warner Bros. Discovery announced a price increase across HBO Max subscription tiers to bolster profitability amidst competitive pressures in the streaming market.
Source: YAHOO
Reported 5 days ago
President Trump is urging a judge to allow his $10 billion libel lawsuit against Rupert Murdoch to proceed, claiming that Murdoch's news outlet failed to prove the authenticity of a birthday note allegedly written by Trump to Jeffrey Epstein. Trump's lawyer argues that the note provided by the Epstein estate does not confirm Trump's authorship and accuses Murdoch's company of disseminating false information intended to defame him. This lawsuit adds to Trump's ongoing legal battles concerning media coverage and his ties to Epstein.
Source: YAHOO
Reported 5 days ago
Warner Bros. Discovery has initiated a strategic review due to unsolicited interest from multiple parties, causing its stock to rise over 10% in trading. The media giant's shares have increased by 90% this year, reflecting heightened interest in either selling the entire company or restructuring its assets, including HBO and CNN. The decision signals the company's response to growing competition from streaming services.
Source: YAHOO
Reported 5 days ago
U.S. stock indexes showed upward trends midday Tuesday, largely driven by strong corporate earnings, particularly from General Motors, which boosted its 2025 outlook following better-than-expected results. Warner Bros. Discovery led gains in the Nasdaq as it announced a strategic review, while 3M topped earnings estimates, boosting its stock in the Dow. However, shares of Newmont fell alongside declining gold prices, and NuScale Power's stock dropped after investor actions raised concerns.
Source: YAHOO
Reported 5 days ago
General Motors (GM) has seen a 15% surge in stock prices as it anticipates a lower impact from President Trump's tariffs, estimated between $3.5 billion and $4.5 billion. Citi Research highlights that GM has successfully mitigated 35% of the potential tariff hits through effective communication and negotiation with the administration, showcasing strong leadership under CEO Mary Barra. This proactive approach could potentially offset the tariff burden entirely by the end of 2026, making GM more competitive.
Source: YAHOO
Reported 5 days ago
Worldline has revised its 2025 profit forecast downwards and indicated forthcoming asset disposals as the French digital payments firm seeks to regain investor trust after experiencing governance challenges and client losses. The adjusted EBITDA expectations now range from 830 million to 855 million euros, while the company anticipates free cash flow could be between negative 30 million euros and break-even. Worldline's market value has dropped significantly since the pandemic due to profit warnings and ongoing investigations into potential fraud.
Source: YAHOO
Reported 5 days ago
General Motors' stock surged after the company quickly adjusted to tariffs and reported earnings that outperformed expectations. Despite a $1.6 billion charge related to reevaluating its electric vehicle strategy due to regulatory shifts, GM's investments in domestic production are seen as a positive move. Analysts predict further recovery in electric vehicle production, with the company aiming to minimize losses by 2026 as it navigates a rapidly changing automotive landscape.
Source: YAHOO
Reported 5 days ago
General Motors has announced the discontinuation of its BrightDrop electric delivery vans, citing a slower-than-expected development in the commercial electric van market and unfavorable changes in tax credits. Following the suspension of production in Ontario and the layoff of 500 workers, GM plans to engage with Canadian officials about future opportunities for the plant while confirming that dealers will still sell and service existing BrightDrop vehicles. Despite recent record EV sales, GM is shifting focus back to internal combustion vehicles, a move well-received by investors.
Source: YAHOO
Reported 5 days ago
Gold and silver saw significant declines in their prices, marking the largest daily drop in years as a remarkable rally in precious metals came to an end. Gold futures fell nearly 5% to around $4,141 per ounce, while spot gold saw its biggest one-day decline in 12 years, dropping over 6%. The downturn was attributed to easing trade tensions, a stronger US dollar, and overbought market conditions. Analysts are divided on whether this decline indicates the beginning of a necessary correction or merely a temporary dip as investors maintain bullish sentiments toward gold.
Source: YAHOO
Reported 5 days ago
Warner Bros. Discovery is considering a sale after receiving interest from several potential buyers, including Paramount Skydance and Comcast. The company is reviewing strategic alternatives, which may lead to either a complete sale, a continuation of plans to split the company into two separate entities, or other outcomes. This comes as the CEO, David Zaslav, believes that a split could increase the companies' value. Shares of WBD rose significantly following the announcement.
Source: YAHOO
Reported 5 days ago
Coca-Cola's CFO, John Murphy, emphasized the company's commitment to low-income consumers during a discussion on their strategy, which aims to adapt product offerings to various price points. Despite growth in high-income segments, Murphy highlighted the importance of keeping lower-income consumers engaged by introducing diverse packaging options. The company is also gearing up for seasonal promotions and upcoming events like the World Cup to further connect with its audience.
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
Jon Medved, founder of Israel's OurCrowd investment platform, is stepping down as CEO due to medical reasons and will take on the role of chairman. The 70-year-old has been diagnosed with ALS but will continue to focus on strategic initiatives, including global expansion, while Cali Chill assumes the role of acting CEO.
Source: YAHOO
Reported 5 days ago
Hologic, a medical diagnostics company focused on women's health, has agreed to be acquired by Blackstone and TPG in a deal valued at up to $18.3 billion, making it one of the largest healthcare privatizations this year. The acquisition offers $76 per share, which includes potential additional payments based on future revenue goals, with the deal expected to close in the first half of 2026. Industry analysts view this acquisition positively, as it may enhance the competitive landscape in the medtech sector.
Source: YAHOO