Reported 5 days ago
In a bid to alleviate concerns over new export restrictions on rare earths, China held a significant meeting with representatives from over 170 foreign companies, asserting that these measures are intended to protect global stability rather than disrupt normal trade. Vice Commerce Minister Ling Ji emphasized that legitimate transactions would continue to be approved, even as tensions rise between China and the U.S. following the announcement of these controls, which have prompted reactions from various governments and a race to secure alternative supplies.
Source: YAHOO
Reported 5 days ago
President Trump's nominee for the Office of Special Counsel, Paul Ingrassia, has withdrawn his nomination after Republican senators expressed they would not support his confirmation. Ingrassia announced his withdrawal ahead of a committee hearing, citing insufficient Republican votes, and noted he would continue to serve the Trump administration. His nomination faced challenges following revelations of controversial text messages he sent, including derogatory comments related to civil rights.
Source: YAHOO
Reported 5 days ago
The Electric Playhouse, a high-tech virtual arcade on the Las Vegas Strip, has filed for bankruptcy just one year after opening. The arcade's operations are hindered by pending eviction and unpaid debts, with court documents revealing assets between $1 million and $10 million. Despite its innovative gaming experience, the arcade struggled amid a significant drop in tourism in Las Vegas this summer. The bankruptcy filing seeks to expedite payments for current employees.
Source: YAHOO
Reported 5 days ago
Gold and silver prices continued to decline following significant sell-offs, with gold falling near $4,000 an ounce after a steep drop attributed to profit-taking amidst fears of overvaluation. Investors are assessing recent hawkish comments from the Federal Reserve and ongoing geopolitical tensions. Despite the recent drop, gold has experienced a surge this year but may enter a phase of consolidation according to analysts.
Source: YAHOO
Reported 5 days ago
U.S. stock futures were stable on Tuesday night as investors prepared for upcoming earnings reports, particularly from Tesla, following Netflix's disappointing results which saw its shares drop over 6%. The Dow Jones Industrial Average reached a new record earlier in the day, supported by positive earnings from companies like General Motors and Coca-Cola. Meanwhile, uncertainty lingered due to trade talks with China and expectations for a Federal Reserve rate cut later this month.
Source: YAHOO
Reported 5 days ago
The Trump Administration, led by Agriculture Secretary Brooke Rollins, announced the resumption of $3 billion in farmer aid that had been stalled by a government shutdown. This decision comes as the USDA prepares to restart critical services for farm loan processing and financial guarantees to protect farmers against crop price fluctuations. The move aims to maintain agricultural support during a challenging political standoff, with plans for further assistance in response to trade impacts from China.
Source: YAHOO
Reported 5 days ago
Elon Musk has publicly criticized NASA's interim administrator Sean Duffy, opposing Duffy's proposal to integrate NASA into the Department of Transportation and expressing dissatisfaction with the agency's lunar lander development delays. Meanwhile, Jared Isaacman, a fintech billionaire and Musk ally, has voiced his respect for Duffy while advocating for NASA's continued excellence. The ongoing tensions come as the nomination process for NASA's leadership heats up amid industry speculation and proposed budget cuts.
Source: YAHOO
Reported 5 days ago
Gap Inc. has announced its participation in President Donald Trump's upcoming celebration of the United States' 250th anniversary, which may include a product launch or marketing campaign. CEO Richard Dickson has been politically active and has engaged with Trump's administration on matters like tariffs. Although specific details about Gap's involvement are still in development, the anniversary festivities are a significant focus for the administration, with plans already underway by other companies, such as Walt Disney.
Source: YAHOO
Reported 5 days ago
Anthropic is reportedly in early negotiations with Google to secure a cloud computing deal valued in the tens of billions, enhancing the AI firm's capabilities. While talks are ongoing and details may change, this partnership reflects Google's prior investment in Anthropic, which has been rapidly increasing in valuation amidst the competitive AI landscape.
Source: YAHOO
Reported 5 days ago
Netflix co-CEO Ted Sarandos has firmly stated that the company has no interest in acquiring legacy media networks amid rumors of a potential buyout of Warner Bros. Discovery (WBD). Following WBD's announcement to explore strategic alternatives, Sarandos reiterated Netflix's commitment to organic growth and emphasized that any potential deals would need to align with the company’s strategic goals. Despite the recent industry consolidation trend, he believes Netflix can continue to thrive without making significant acquisitions.
Source: YAHOO
Reported 5 days ago
AI startup Anthropic is reportedly in discussions with Google to secure cloud computing services worth tens of billions of dollars. The deal, still unfinalized, aims to bolster Anthropic's computing power as it competes with OpenAI. Anthropic, which is backed by major investors including Google and Amazon, is projected to significantly increase its annual revenue, targeting $9 billion by the end of 2025.
Source: YAHOO
Reported 5 days ago
LangChain, an open source startup focused on AI agent frameworks, has secured $125 million in funding, boosting its valuation to $1.25 billion. Founded in 2022 by Harrison Chase, the company initially gained traction by simplifying the development of applications using large language models. The latest investment round was led by IVP, with participation from new investors CapitalG and Sapphire Ventures, as well as existing investors Sequoia, Benchmark, and Amplify. LangChain has introduced updates to its key products and continues to thrive within the open source community.
Source: YAHOO
Reported 5 days ago
Northern Data has withdrawn its annual forecast for 2025, citing ongoing evaluations of potential strategic transactions and market dynamics in graphics processing units. The company noted improved customer usage of its GPU capacities following a second-quarter technology upgrade. Additionally, over 15,000 of its 22,000 GPUs have been allocated to clients. Concurrently, video platform Rumble made a bid to acquire Northern Data, potentially valued at around $1.17 billion.
Source: YAHOO
Reported 5 days ago
Gold prices fell dramatically on Tuesday, registering the biggest one-day decline in over a decade after reaching record highs amid economic instability. Spot gold plunged 6% to approximately $4,120 per troy ounce, following an all-time high of nearly $4,400. Analysts suggest that a resolution to the ongoing U.S. government shutdown and a potential trade deal with China may stabilize gold prices in the near future. Despite this drop, gold remains up 57% since the beginning of 2025, with other precious metals like silver also experiencing significant declines.
Source: YAHOO
Reported 5 days ago
As Tesla approaches its upcoming earnings call, investors are increasingly focusing on the company's potential in robotaxis and full self-driving technology rather than traditional car sales. Analyst Stephen Gengaro highlights the significance of updates on Tesla's robo taxi operations, safety measures, and the rollout of their FSD version 14, emphasizing the growth opportunities in these sectors as crucial to valuing Tesla stock.
Source: YAHOO
Reported 5 days ago
An investor group led by activist investor Jana Partners and NFL star Travis Kelce has acquired nearly 9% of Six Flags Entertainment and plans to work with the company’s management to enhance business performance. Despite a recent 17.7% jump in stock price following the announcement, the company's shares remain down approximately 47% this year, following significant losses and decreased attendance.
Source: YAHOO
Reported 5 days ago
Germany's TeamViewer has revised its 2025 revenue expectations down to the lower end of its forecast, anticipating earnings between 780 million to 800 million euros, primarily due to disappointing performance from its newly acquired 1E business. The company cited ongoing macroeconomic difficulties in both Europe and the U.S. as factors affecting customer decision-making and sales. In light of these challenges, TeamViewer plans to implement cost-cutting measures while improving its adjusted earnings margin.
Source: YAHOO
Reported 5 days ago
Capital One Financial Corp. announced a significant increase in its third-quarter profits, surpassing Wall Street expectations, while also revealing plans to repurchase up to $16 billion in stock. The bank reported an 80% rise in net income, totaling $3.19 billion, and announced a rise in adjusted earnings per share to $5.95, exceeding analyst forecasts. Capital One's strong performance is attributed to its successful integration with Discover Financial Services, alongside a robust portfolio of consumer auto loans.
Source: YAHOO
Reported 5 days ago
U.S. ranchers are opposing President Trump's proposal to import more Argentine beef, arguing that it could harm domestic ranchers who have recently seen profitable years. Experts suggest that increasing imports from Argentina, which currently accounts for only a small portion of U.S. beef imports, is unlikely to substantially reduce grocery prices. There is growing concern among ranchers about the uncertainty this plan creates, and many hope Trump will reconsider, especially given the already high prices they are now receiving.
Source: YAHOO
Reported 5 days ago
President Donald Trump announced that he discussed with Indian Prime Minister Narendra Modi the reduction of Russia's oil imports by India, stressing their mutual interest in ending the war. Despite Trump's claims of assurances from Modi, the Indian foreign ministry expressed unawareness of any such conversation. Modi's government has indicated that they would continue to buy Russian oil if it's economically feasible, with those purchases rising significantly since the Ukraine war began in 2022.
Source: YAHOO
Reported 5 days ago
General Motors (GM) shares rose significantly, the most in five years, following an optimistic profit forecast bolstered by strong sales of gas-powered trucks and SUVs. The automaker expects adjusted earnings for 2025 to range between $12 billion and $13 billion, an increase from its earlier estimates, largely driven by improved demand and tariff relief. Although the projection is lower than its initial guidance earlier this year, GM CEO Mary Barra expressed gratitude for ongoing tariff support and highlighted strong sales performance in the North American market.
Source: YAHOO
Reported 5 days ago
Shares of Six Flags Entertainment surged nearly 18% following news that NFL star Travis Kelce is partnering with activist investor Jana Partners to drive changes within the company. Kelce, a longtime fan of Six Flags, along with Jana, has acquired a 9% stake in the struggling park operator, which has seen its stock value drop significantly this year due to various challenges, including declining attendance. The move indicates a potential shift in strategy as Six Flags seeks new leadership.
Source: YAHOO
Reported 5 days ago
Netflix's third-quarter earnings fell short of Wall Street expectations, leading to a decline in stock after hours. Analysts point to an unexpected tax dispute with Brazil affecting their operating margin, which has now been downgraded. Despite strong engagement metrics driven by hit titles like 'K-pop Demon Hunters' and new seasons of popular series, the overall performance was deemed 'somewhat underwhelming'.
Source: YAHOO
Reported 5 days ago
Netflix reported a quarterly earnings miss, attributing the shortfall to a $619 million expense from a tax dispute in Brazil, ending a six-quarter streak of exceeding analyst expectations. Despite an 8% year-over-year earnings increase and revenue matching forecasts, investors reacted negatively, causing a 6% drop in share price. Analysts are divided on the implications, with some questioning Netflix's growth strategy amidst economic uncertainties, while others maintain confidence in the company's fundamentals.
Source: YAHOO
Reported 5 days ago
Coca-Cola is increasing its focus on high-protein products, such as the launch of one of the largest dairy processing plants in the U.S. to support their Fairlife milk line. As consumers seek to enhance their protein intake—partly driven by the popularity of GLP-1 medications—Coca-Cola plans to innovate within this growing market. This trend is mirrored across the food and beverage industry as companies ramp up their protein offerings, with notable expansions from brands like General Mills and PepsiCo.
Source: YAHOO