Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Recent economic data indicates a slowdown in the US economy, with May reporting the lowest job additions in two years and a contraction in both the services and manufacturing sectors. Unemployment claims are rising, reflecting a broader uncertainty in business activity driven by tariffs and unclear policies for 2025. Economists warn that this 'paralysis' in hiring may lead to prolonged unemployment, as businesses are hesitant to expand amidst current economic uncertainty.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Analyst Jeffrey Small from Arbor Financial recently recommended that Meta Platforms (NASDAQ:META) be a core component of investment portfolios, citing its impressive fundamentals and vast user base of 3.43 billion monthly active users. He highlighted the company's effective integration of AI and strong ad growth, which outpaces competitors like Google and YouTube. With revised capital expenditure projections indicating robust growth, analysts believe Meta's significant reach and innovative strategies position it well for future success.
Source: YAHOO
Reported 2 months ago
As Apple's 2025 Worldwide Developers Conference approaches, analysts at Needham have downgraded the company's stock rating due to pressing concerns about its valuation and declining sales in China. Issues such as rising nationalism and competition from innovative technologies, including potential threats from OpenAI's collaboration with former Apple designer Jony Ive, highlight an uncertain future for the tech giant, which is already struggling with a significant decline in market performance this year.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Chart Industries and Flowserve have seen their stock prices rise significantly following the announcement of a merger agreement, with shares up 6% and 4%, respectively. This comes amidst a mixed market backdrop where investors are reacting to tariff and employment concerns, as well as earnings reports from various companies.
Source: YAHOO
Reported 2 months ago
Market volatility has been influenced by tariffs, earnings, and policy uncertainty, but Jeff McClean, CEO of Solidarity Capital, believes the worst may be behind us. He predicts a more muted volatility this summer, with a positive shift in consumer and CEO sentiments expected to bolster the market as we approach year-end.
Source: YAHOO
Reported 2 months ago
Vermilion Energy has announced the sale of its U.S. assets for C$120 million ($87.88 million) as part of their exit from the U.S. market. The Canadian gas producer plans to use the proceeds to pay down debt and refocus on its core assets in Canada and Europe. The transaction is expected to close in the third quarter, allowing Vermilion to adjust its production forecast and capital budget for upcoming years.
Source: YAHOO
Reported 2 months ago
Walmart's Flipkart has received approval from the Reserve Bank of India for a non-bank finance company license, enabling it to lend directly to customers and sellers on its platform. This marks a significant change for the e-commerce giant, allowing it to operate more profitably without relying on partnerships with banks for loan offerings. Flipkart plans to launch its lending operations within a few months, pending the completion of necessary internal processes.
Source: YAHOO
Reported 2 months ago
Silver prices have soared to levels not seen in 13 years, driven by a surge in demand for precious metals as investors diversify beyond gold. Spot silver reached over $35.90 an ounce, marking a 4.2% increase, fueled by improved market conditions and strong inflows into silver-backed ETFs. While gold has appreciated by 44% over the past year, silver has seen a 20% rise, indicating a renewed interest among investors. With its dual role as both a financial asset and an industrial material, particularly for clean energy, silver is poised for a continued upward trend amidst ongoing market dynamics.
Source: YAHOO
Reported 2 months ago
Fintech company Wise, originally listed in London, plans to relocate its main listing to New York as several other companies exit the British market. Founded in 2011, Wise aims to enhance liquidity and attract American investors by being part of major U.S. indices. Although the U.K. stock market has experienced a decline in public listings, Wise's decision comes after reporting significant profit growth and a rising customer base. This trend raises concerns for future U.K. IPOs as the country struggles to maintain its position as a financial hub.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Trafigura has reported a slight increase in first-half net profit to $1.52 billion, reflecting a 3% rise compared to last year, despite previous significant losses from a fraud scandal. The trading firm warned of heightened market volatility in 2025, driven more by political factors than traditional supply-demand dynamics, which may limit trading opportunities. Additionally, revenue dipped by 4% due to lower commodity prices, and the company now faces a leadership transition as Richard Holtum takes over as CEO.
Source: YAHOO