Reported 7 days ago
Japan is considering subsidies for Tesla's electric vehicle charging stations as part of ongoing tariff discussions with the United States. Currently, subsidies are only available for the CHAdeMO charging standard, but the U.S. Trade Representative has raised concerns. Japanese negotiators are open to discussing reductions in U.S. tariffs on Japanese automobiles and parts, while aiming for full removal of these tariffs.
Source: YAHOO
Reported 7 days ago
Market analysts warn that President Trump's proposed tax bill, which could add $4 trillion to the U.S. deficit over the next decade, may lead to rising bond yields and new market volatility. As the bill advances, concerns over government spending sustainability and inflation may prompt bond investors to react, potentially causing yields on the 10-year U.S. Treasury to spike and approach critical thresholds that have historically triggered stock sell-offs. This situation could escalate into a 'nightmare scenario' where the bond market demands intervention from the Federal Reserve to maintain stability.
Source: YAHOO
Reported 7 days ago
BT is reportedly in advanced negotiations to sell its 50% stake in TNT Sports to Warner Bros Discovery, potentially concluding their involvement in sports broadcasting after over a decade. An announcement could occur as soon as next week, coinciding with BT's full-year results release.
Source: YAHOO
Reported 7 days ago
Walmart has warned shoppers that prices will rise due to high tariffs imposed by President Trump, particularly on goods from China. The company expects price increases on various products, including groceries, toys, electronics, and baby gear, starting in late May and continuing into June, impacting its primarily lower- and middle-income customers. The situation has already led to noticeable price hikes on toys and child products, with experts predicting further increases as tariffs remain a burden on the retail giant.
Source: YAHOO
Reported 7 days ago
European officials are uncertain about President Trump's next stance regarding Russia amidst the ongoing war in Ukraine. Recent talks in Turkey between Ukraine and Russia ended without a ceasefire agreement, leaving European leaders disappointed. While there was initial optimism over coordinated sanctions against Russia, Trump's unexpected push for direct talks between Ukraine and Russia has left European allies puzzled, leading them to question his commitment to a tougher approach against Putin.
Source: YAHOO
Reported 7 days ago
Nvidia CEO Jensen Huang announced that the company will not release another chip from the Hopper series for China after the H20 due to U.S. government restrictions. He emphasized that China is vital for Nvidia's growth and hinted at plans to offer a downgraded version of the H20 model to maintain sales in the competitive market.
Source: YAHOO
Reported 7 days ago
Moody's has downgraded the US credit rating from Aaa to Aa1, marking the loss of its last top credit rating and reflecting concerns over increasing debt and deficits. This follows similar actions by Fitch and S&P Global Ratings. The downgrade comes amid ongoing political conflicts around fiscal policies and heightened government spending, contributing to a yearly budget deficit nearing $2 trillion. While the White House criticized the decision as politically motivated, financial markets responded with rising Treasury yields.
Source: YAHOO
Reported 7 days ago
Nissan is reportedly exploring the closure of two assembly plants in Japan and various factories overseas, including in Mexico, as part of a significant cost-cutting strategy. The affected facilities may include Japan's long-established Oppama and Shonan plants, reducing domestic production to three plants. The company aims to consolidate operations globally, and although it has denied any official plans, these potential closures would mark its first domestic plant shutdown since 2001.
Source: YAHOO
Reported 7 days ago
Warren Buffett's Berkshire Hathaway has significantly increased its investment in Constellation Brands, Inc., raising its stake from 5.6 million shares to approximately 12 million, valued at $2.2 billion. This move reflects Buffett's confidence in the company, particularly in light of the growing popularity of its beer brands, such as Corona and Modelo. Following this development, the share price of Constellation Brands surged by over 4.5% in two days.
Source: YAHOO
Reported 7 days ago
Vietnam and the US engaged in direct ministerial-level talks to negotiate the reduction of a 46% tariff on Vietnamese imports, which poses a significant threat to Vietnam's economic growth. The discussions, held in South Korea, follow prior communications between trade officials and aim to strengthen bilateral trade relations. The US has delayed the tariff implementation until July, prompting Vietnam to take steps to decrease its trade surplus and adjust tariffs on goods destined for the US.
Source: YAHOO
Reported 7 days ago
In anticipation of unveiling their extensive tax cut plan, Republicans worked closely with former President Donald Trump, ensuring his influence shaped the legislation titled the 'One Big Beautiful Bill Act.' This bill includes promises from Trump's campaign, such as eliminating taxes on overtime, introducing a $10,000 tax break for auto loans on American-made cars, and creating tax-free 'MAGA accounts' for newborns. As debates continue, the bill aims for over $5 trillion in tax cuts, raising concerns among Republicans about the impact on federal deficits. Despite pushback from various factions within the party, Trump’s active involvement is expected to guide the bill through to completion.
Source: YAHOO
Reported 8 days ago
Source: WSJ
Reported 8 days ago
Source: WSJ
Reported 8 days ago
Fluence Energy, Inc. (FLNC) was upgraded by two analysts this week, with UBS raising its price target from $4.5 to $6 and RBC Capital increasing it from $6 to $7, both maintaining a Neutral rating. The upgrades were influenced by a trade truce between the US and China, boosting potential investor confidence. Despite a recent earnings report that exceeded expectations, Fluence has lowered its guidance due to economic uncertainty related to tariffs. The company's stock has surged over 18% this week as a result.
Source: YAHOO
Reported 8 days ago
South Bow Corporation (NYSE:SOBO) announced its Q1 2025 financial results on May 16, revealing an adjusted EPS of $0.47, surpassing expectations yet down 14.5% year-over-year. Revenue decreased by 8.5% to $498 million, impacted by operational challenges including a pipeline incident. Despite these setbacks, the company reaffirmed its EBITDA guidance for the year and declared a quarterly dividend of $0.50 per share.
Source: YAHOO
Reported 8 days ago
Moody's has downgraded the U.S. sovereign credit rating from 'Aaa' to 'Aa1' due to worries about the nation's escalating debt, which has reached $36 trillion. The decision reflects concerns over persistent fiscal deficits and increasing interest costs, and could complicate President Trump's tax-cutting efforts. Critics have labeled the downgrade as outrageous, arguing it indicates a misperception of U.S. backed bonds. This move follows similar actions by other credit agencies and may lead to higher borrowing costs amid ongoing uncertainty in U.S. financial markets.
Source: YAHOO
Reported 8 days ago
Tesla has implemented a new rule that prevents shareholders owning less than 3% of its shares, roughly equating to 97 million shares or about $34 billion, from suing its officers or directors. This decision comes after a recent law in Texas allowing companies to establish such thresholds to limit shareholder litigation aimed at protecting against abusive lawsuits. Previously, a lawsuit had been initiated by a shareholder holding just nine shares, highlighting a shift in the company's governance structure.
Source: YAHOO
Reported 8 days ago
Yum! Brands, Inc. (NYSE:YUM) has announced a quarterly dividend of $0.71 per share to be paid in early June, following a strong first quarter of 2025 where the company reported an 11.8% revenue growth and solid core operating profits. The dividend reflects the company’s commitment to enhancing shareholder value, with a history of annual increases and a current yield of 1.92%. The brands under Yum!, including KFC, Taco Bell, and Pizza Hut, continue to perform well, contributing to positive sales growth and expansion.
Source: YAHOO
Reported 8 days ago
Capital One has reached a settlement of $425 million to resolve allegations that it misled savings account depositors regarding interest rates. The bank allegedly failed to inform customers of higher rates available in its 360 Performance Savings accounts, while maintaining lower interest rates for its 360 Savings accounts. The settlement, pending judicial approval, will compensate affected depositors from September 2019 onwards, with a total payout of $300 million for missed interest and an additional $125 million for current account holders.
Source: YAHOO
Reported 8 days ago
In recent home equity news, HELOC rates have surged above 8%, though home equity loans remain steady. The average mortgage rate for a 30-year fixed loan also ticked up to 6.88%. This increase in HELOC balances suggests homeowners are increasingly leveraging their home equity, while multigenerational living arrangements are on the rise in the U.S. Many financial experts discuss the timing and methods for accessing home equity, emphasizing that it may be more beneficial to borrow now than in previous years.
Source: YAHOO
Reported 8 days ago
The State of Wisconsin Investment Board has divested its entire $321.5 million stake in BlackRock's iShares Bitcoin Trust (IBIT), as revealed in a recent SEC filing. This decision, made just before escalating international trade tensions, comes only months after the fund had embraced Bitcoin exposure. The exit was timely, as the subsequent trade policies led to significant market volatility and a drop in Bitcoin prices. Despite the withdrawal from IBIT, the fund still retains a smaller investment in cryptocurrency through shares of Strategy (MSTR).
Source: YAHOO
Reported 8 days ago
Rep. Tim Burchett (R-TN) agrees with Moody's assessment regarding the U.S. government's rising debt and the proposed tax bill, discussing its potential lack of support from Congress members and President Trump's anticipated positive impact. He shares these insights during a conversation on Bloomberg's 'Balance of Power.'
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Moody's has downgraded the U.S. credit rating from Aaa to Aa1, marking the nation's absence of a top rating among major agencies. The agency attributes this decision to rising federal debt and interest payments significantly exceeding those of similarly rated countries. It highlights a lack of bipartisan efforts to address fiscal deficits, suggesting that continued high borrowing costs may result from this downgrade. While the outlook is now stable, the potential implications include increased costs for consumers borrowing money.
Source: YAHOO