Reported 6 days ago
Carlyle Group is set to sell up to a 10% stake in Piramal Pharma, aiming to raise between 26 billion to 27 billion rupees ($304.8 million to $320 million) through block trades, according to Moneycontrol. The firm currently holds an 18% stake in the Indian pharmaceutical company.
Source: YAHOO
Reported 6 days ago
US stock index futures remained stable as investors prepared for the upcoming monthly jobs report, which is expected to indicate a continued slowdown in the labor market with an unemployment rate rising to 4.3%. The report could impact the Federal Reserve's stance on interest rates amid economic uncertainties, especially after private payrolls fell in June for the first time in over two years. Major indexes like the S&P 500 and Nasdaq ended at record highs, despite light trading expected due to the early market closure for Independence Day.
Source: YAHOO
Reported 6 days ago
On July 3, 2025, shares of Synopsys and Cadence Design Systems rose significantly after the US lifted export restrictions on chip design software for China, alleviating uncertainty in the EDA market. This decision is seen as a step toward easing US-China trade tensions, benefiting the revenue streams of these companies, which rely heavily on Chinese customers. The easing of restrictions is expected to aid ongoing negotiations, including Synopsys' acquisition of Ansys.
Source: YAHOO
Reported 6 days ago
In a recent Truth Social post, President Trump demanded that Federal Reserve Chairman Jerome Powell resign immediately, intensifying pressure on the Fed leader amid criticisms of his handling of interest rates. Trump accused Powell of being 'too late' in addressing economic issues and linked to calls from fellow administration officials for an investigation into Powell's actions and statements. The White House has begun considering potential successors for Powell as his term approaches its end next May, while Powell remains focused on his responsibilities amidst the political turmoil.
Source: YAHOO
Reported 6 days ago
UK markets showed recovery after Prime Minister Keir Starmer reassured investors about Chancellor Rachel Reeves' position, quelling fears of potential fiscal instability. Starmer's backing came as the government faced challenges maintaining fiscal discipline, particularly in light of recent budget debates. Market reactions included a decline in bond yields and gains in the pound and equity markets, although concerns about future fiscal choices remain due to high debt costs.
Source: YAHOO
Reported 6 days ago
Tesla experienced a significant decline in its German car sales, with a 60% drop in June compared to the previous year, according to the German road traffic agency KBA. The company sold only 1,860 cars in June and reported a total of 8,890 units sold in the first half of 2025, marking a 58.2% decrease. This downturn contrasts with the overall rise in electric vehicle sales in Germany, where competitors like BYD are gaining ground by significantly increasing their market presence.
Source: YAHOO
Reported 6 days ago
Lazard has appointed Bill Hart from Bank of America to lead its financial sponsors division, focusing on West Coast clients. Hart, with over ten years of experience in financial sponsors, will manage large and mid-cap sponsors starting this fall. This hiring aligns with Lazard's strategy to enhance its operations with buyout firms and alternative asset managers, despite concerns over economic uncertainty affecting dealmaking.
Source: YAHOO
Reported 6 days ago
With approximately 58 million U.S. households holding IRAs, mistakes in managing these accounts can lead to significant tax penalties. Denise Appleby, a retirement expert, emphasizes the importance of reviewing IRS Form 5498 to avoid common errors such as misclassifying account types and overlooking required minimum distributions (RMDs). Annual self-audits are recommended to ensure compliance and accurate reporting, which can help IRAs maintain their intended tax benefits while potentially saving investors from costly mistakes.
Source: YAHOO
Reported 6 days ago
Google has begun the global rollout of its Veo 3 video generation model, allowing Gemini users in over 159 countries to create videos up to 8 seconds long using text prompts. This feature is available exclusively to subscribers of Google’s AI Pro plan and is limited to three videos per day. The model was first showcased in May, with plans to expand its capabilities to include image-to-video generation in the future.
Source: YAHOO
Reported 6 days ago
As President Trump considers replacements for Federal Reserve Chair Jerome Powell, the situation is complicated by Powell's reluctance to confirm whether he will step down when his term ends in May. Trump's administration is preparing for various scenarios, as they seek a chair aligned with his economic policies. Recently, discussions have arisen regarding potential dual roles for the Treasury Secretary and Fed Chair, an unprecedented move since 1935. The political tension surrounding the Fed's leadership is notably high, affecting Trump's options for appointing a compliant successor.
Source: YAHOO
Reported 6 days ago
According to AlixPartners, only 15 of the 129 electric vehicle and plug-in hybrid brands currently operating in China will be financially viable by 2030, amid fierce competition and market consolidation. These brands are expected to dominate approximately 75% of the market, but local government support for non-viable brands may slow down the consolidation process. Despite the ongoing price war and falling capacity utilization at Chinese car plants, full-year profitability remains a challenge for most manufacturers.
Source: YAHOO
Reported 6 days ago
Alibaba Group announced its plan to raise approximately HK$12 billion ($1.53 billion) through exchangeable bonds, aimed at enhancing its investments in cloud infrastructure and global commerce. The bonds are linked to Alibaba Health Technology, allowing investors to exchange them for shares in Alibaba Health, with no interest payments over time.
Source: YAHOO
Reported 6 days ago
The House of Representatives is on the brink of a final vote on President Trump's 'Big Beautiful Bill', despite opposition from Democrats and some Republicans. With significant financial implications and controversial healthcare cuts, the bill aims to reshape various sectors of the U.S. economy while facing growing public dissent. House Speaker Mike Johnson expresses confidence in its passing, as last-minute negotiations appear to have swayed some GOP holdouts, although many lawmakers remain divided over its provisions.
Source: YAHOO
Reported 6 days ago
BlackRock Inc is reportedly in discussions to sell its stake in leasing rights for a natural gas pipeline network back to Saudi Aramco. The stake, acquired in 2021, is estimated to be worth billions of dollars, according to Bloomberg News.
Source: YAHOO
Reported 6 days ago
In June, the US economy added 147,000 jobs, surpassing expectations, and investors are buoyed by the prospect of 'Liberation Day' Part 2. The stock market has rebounded from earlier tariff concerns, influenced by trade agreements with countries like the UK and China. However, challenges remain, including a deteriorating deal with Japan and looming deadlines. While some skepticism lingers, investors remain hopeful that upcoming negotiations will yield positive results, keeping market optimism high despite uncertainties.
Source: YAHOO
Reported 6 days ago
President Trump's new trade agreement with Vietnam suggests that tariffs on Chinese goods are unlikely to decrease significantly. Currently, Chinese imports face tariffs of about 55%, which are expected to remain stable, while the Vietnam deal introduces a 20% tariff on Vietnamese exports and a 40% levy on goods transshipped from China. This indicates that any future negotiations with China will face similar tariff structures as the administration aims to close loopholes and maintain pressure on Chinese imports.
Source: YAHOO
Reported 6 days ago
In the latest episode of Stocks in Translation, portfolio manager Joe Fahmy shares his strategies for spotting promising stocks like Nvidia amidst the ongoing AI-driven bull market. He emphasizes the importance of earnings and sales growth as key indicators for successful investments, while also discussing market resilience despite external fears. Fahmy offers insights into sectors to watch and advises on risk management for both active and passive investors.
Source: YAHOO
Reported 6 days ago
As the deadline for trade agreements approaches, Commerce Secretary Howard Lutnick is navigating high-stakes negotiations for the Trump administration. With only framework deals signed so far, including one with Vietnam, Lutnick expresses confidence in announcing more agreements shortly, despite challenges and market volatility. His close ties to Trump and assertive style mark his role in shaping U.S. trade policy, though reactions to his strategies have varied among lawmakers and business leaders.
Source: YAHOO
Reported 6 days ago
President Trump's ambitious legislation, known as the 'big, beautiful bill', has the potential to benefit corporate America and high-income individuals, while also risking significant harm to low-income Americans due to cuts to safety net programs like Medicaid and food stamps. Certain workers, like those who receive tips, may gain additional tax breaks, but hospitals and the clean energy sector are expected to face challenges. Overall, the legislation is projected to add to the national deficit, raising concerns about increased borrowing costs for Americans.
Source: YAHOO
Reported 6 days ago
Value investing is experiencing a resurgence as 63% of active managers focusing on undervalued large-cap stocks outperformed their benchmarks in the second quarter of 2025, amidst a struggling market. Even as growth stocks led the broader market rally, stock pickers targeted successful industrial companies and avoided poor-performing sectors like utilities and real estate. With an optimistic outlook on economic growth and potential interest rate cuts, value stocks are expected to perform better, reflecting a shifting trend back towards bargain hunting strategies.
Source: YAHOO
Reported 6 days ago
Tesla's energy storage sector, previously a highlight for the company, is now experiencing a downturn with a decline in installations of its Powerwall and Megapack products for two consecutive quarters. In the second quarter of 2025, Tesla installed 9.6 gigawatt-hours of storage, down from previous figures, signaling a potential end to growth that saw revenue soar from $2 billion in 2020 to $10.1 billion in 2024. This decline occurs despite broader market growth in energy storage, which faces challenges from tariffs and legislative changes.
Source: YAHOO
Reported 6 days ago
South Korean President Lee Jae Myung expressed doubts about reaching a trade agreement with the US before the impending July 9 deadline, amidst pressure from President Trump to finalize deals to avoid increased tariffs. He acknowledged ongoing challenges in negotiations and the economic instability faced by South Korea, with the Trade Minister emphasizing urgent preparations for potential trade repercussions. Meanwhile, Lee aims to rejuvenate the economy and improve relations with North Korea.
Source: YAHOO
Reported 6 days ago
In the wake of alarming predictions by top executives like Anthropic's Dario Amodei, who warned that AI could eliminate half of entry-level jobs and push U.S. unemployment to 20% within five years, corporate America is witnessing a burgeoning trend of dire forecasts about workforce automation. These predictions, now a competitive aspect among CEOs, reflect growing concerns as leaders like JPMorgan's Marianne Lake and Amazon's Andy Jassy indicate significant workforce reductions due to this technological shift, with some projecting that AI could replace up to half of all white-collar jobs.
Source: YAHOO
Reported 6 days ago
Long bonds are again in the spotlight as investors react to fiscal spending uncertainties. Recent market volatility was highlighted by rising yields in UK gilt markets due to speculation about the Chancellor's future, triggering a similar uptick in US Treasury yields. Concerns over rising government deficits and political risks have made ultra-long bonds particularly vulnerable. Although some countries are reconsidering their long-term bond issuance levels to mitigate selling pressures, market experts caution against the inherent instability of this segment, suggesting investors prefer shorter-term securities amidst escalating political and fiscal risks.
Source: YAHOO
Reported 6 days ago
The Trump administration has lifted export license requirements for chip design software sales to China as part of a new trade agreement aimed at easing restrictions on critical technologies. Leading semiconductor companies, including Siemens, Synopsys, and Cadence, will now be able to conduct business more freely in China. This move follows a series of negotiations designed to balance technology exports with national security concerns and is seen as a significant step in U.S.-China trade relations.
Source: YAHOO