Reported 2 months ago
The Supreme Court's application of the 'major questions doctrine' could hinder President Trump's ability to maintain his global tariffs, which are being legally challenged. This doctrine limits executive power on issues of significant economic and political importance unless explicitly authorized by Congress. Recent court rulings have raised concerns about the constitutional authority for Trump's tariffs under the International Emergency Economic Powers Act, which he claims justifies the tariffs as responses to national emergencies.
Source: YAHOO
Reported 2 months ago
2025 is poised to be a significant year for active exchange-traded funds (ETFs), with an influx of US investors marking a shift from mutual funds to ETFs. J.P. Morgan's Travis Spence discusses the advantages of active ETFs and recommends focused investment in core sectors such as bonds and equities. He highlights ETFs like J Bond, Jepi, and JepQ, which not only offer downside protection but also impressive yields, allowing investors to stay engaged in the market while managing risks.
Source: YAHOO
Reported 2 months ago
In the latest episode of Stocks in Translation, host Jared Blikre and guest Cole Smead, CEO of Smead Capital Management, delve into the importance of capital discipline in investing. They emphasize the need for a long-term investment strategy focused on value, contrasting it with short-term growth tactics. Smead argues that understanding market volatility and making informed capital allocation decisions are vital for sustainable wealth building, particularly in today's economic climate.
Source: YAHOO
Reported 2 months ago
Thames Water announced that KKR has withdrawn from its multi-billion pound rescue plan, fueling fears that the utility may need to be nationalised to prevent financial collapse. With an overwhelming debt of £18 billion, Thames Water had relied on KKR's proposed £4 billion investment to stabilize its finances. The UK government is prepared to intervene if the situation deteriorates. Thames Water continues to face regulatory challenges and public criticism regarding its pollution issues and financial mismanagement.
Source: YAHOO
Reported 2 months ago
Xiaomi's founder and CEO, Lei Jun, announced that the company expects its electric vehicle (EV) division to become profitable in the latter half of the year. Despite a loss of 0.5 billion yuan ($69.5 million) in the first quarter due to investments in smart EVs and AI projects, Xiaomi reported revenue of 18.1 billion yuan from its EV business during the same period. The company plans to launch its second EV model, YU7, in July.
Source: YAHOO
Reported 2 months ago
US Commerce Secretary Howard Lutnick announced that trade negotiations between the United States and India are advancing, with a potential deal expected soon ahead of a July deadline. Lutnick expressed optimism about the relationship between the countries and highlighted the push for lower tariffs and market access for U.S. firms. As talks continue, further discussions are scheduled in New Delhi.
Source: YAHOO
Reported 2 months ago
Tiger Brokers plans to double its Hong Kong headcount in the next two to three years to tap into the growing offshore wealth of Chinese investors. Currently employing 60 people, the online brokerage aims to better serve both individual and corporate clients as more wealthy Chinese set up family offices in Hong Kong. The firm, founded in Beijing and headquartered in Singapore, sees significant demand growth in trading services amid rising capital inflows into the Hong Kong market.
Source: YAHOO
Reported 2 months ago
British American Tobacco (BAT) has increased its annual sales growth target to 1%-2% after stronger-than-expected revenue from the first half of the year and improved sales in the United States. Despite challenges from declining tobacco sales due to consumer shift towards cheaper alternatives and ongoing regulatory pressures, BAT anticipates low-single digit growth from its New Categories segment, which includes vapes and tobacco heating products. The company is also facing competition from unauthorized flavored disposable vapes, contributing to a cautious outlook.
Source: YAHOO
Reported 2 months ago
Keysight Technologies announced it will divest parts of Spirent Communications, including high-speed ethernet and network security businesses, to VIAVI Solutions. This decision follows a consent agreement with the U.S. Department of Justice addressing antitrust concerns regarding Keysight's acquisition of the British telecommunications company for $1.5 billion.
Source: YAHOO
Reported 2 months ago
Japan's bond market showed signs of strength with a successful 10-year bond auction, easing concerns ahead of a challenging 30-year bond sale. Demand surged as yields fell to 1.48%, indicating investor interest despite fears of rising long-term yields and increased government borrowing. However, the market remains cautious due to the Bank of Japan's potential decrease in bond purchases and concerns over a shrinking investor base, prompting the government to encourage more domestic investments.
Source: YAHOO
Reported 2 months ago
Vietnamese businesses are set to sign memorandums of understanding with U.S. partners to acquire $2 billion in American agricultural goods as part of efforts to establish a new trade agreement. The visits of a Vietnamese delegation, led by Agriculture Minister Do Duc Duy, aim to address existing trade deficits, with specific MoUs targeting $800 million in products from Iowa over three years, including corn and soybean meal. Vietnam's previous agricultural imports from the U.S. totaled $3.4 billion last year, while exports to the U.S. reached $13.68 billion.
Source: YAHOO
Reported 2 months ago
Deutsche Bank has increased its S&P 500 year-end target from 6,150 to 6,550, citing reduced tariff-related earnings impacts and a strong economy. This adjustment aligns with a trend of target upgrades by several major Wall Street brokerages. Despite recent gains fueled by favorable economic conditions, Deutsche Bank cautions that the market rally could experience volatility due to potential trade tensions.
Source: YAHOO
Reported 2 months ago
Japanese equity funds saw their most significant weekly outflows in nearly 18 years, totaling $7.49 billion for the week ending May 28. This decline comes as investors took profits after a rally spurred by easing U.S.-China trade tensions, while also showing caution regarding earnings potential. Domestic investors accounted for nearly all outflows, with large withdrawals from major funds like Daiwa iFreeETF TOPIX and Nikko Listed Index Fund TOPIX.
Source: YAHOO
Reported 2 months ago
For the first time since early 2021, Switzerland has recorded a negative inflation rate as consumer prices fell by 0.1% in May. This shift puts pressure on policymakers, particularly the Swiss National Bank, to consider reducing borrowing costs to zero during the upcoming meeting on June 19. The decrease in inflation is largely attributed to a stronger Swiss franc which has made imports cheaper, despite increases in rents and certain food prices.
Source: YAHOO
Reported 2 months ago
Global oil refiners are currently benefiting from higher margins due to a tight supply of fuels, spurred by plant closures that align with peak summer demand. Despite falling crude oil prices and concerns over economic slowdowns, refining margins have seen a significant rise as operational refineries capitalize on the increased market demand. Analysts warn, however, that this boost may be temporary due to potential impacts from trade wars and rising production levels.
Source: YAHOO
Reported 2 months ago
President Trump declared that the US will not permit any uranium enrichment by Iran in potential nuclear negotiations, emphasizing that Iran's nuclear weapon ambitions are unacceptable. His remarks followed a report suggesting that US negotiators had offered Iran a proposal for limited low-level enrichment, which Iran has yet to address. The Islamic Republic insists it will not accept any agreement that prohibits low-level enrichment while seeking clarity on sanctions relief.
Source: YAHOO
Reported 2 months ago
Chinese auto dealers are urging manufacturers to cease excessive car deliveries, as ongoing price wars are severely impacting their cash flow and profitability, leading to store closures. The China Auto Dealers Chamber of Commerce has called for automakers to establish reasonable production targets, shorten payment cycles, and prevent coercive store closures under the guise of network optimization.
Source: YAHOO
Reported 2 months ago
Airbus reported a 4% decline in airplane deliveries for May, totaling approximately 51 aircraft, compared to the same month last year. This brings the total for the year to about 243 deliveries, down 5% from the first five months of 2024. The company is under pressure from airlines due to ongoing delivery delays exacerbated by supply chain issues, particularly with engine arrivals.
Source: YAHOO
Reported 2 months ago
U.S. stock futures for the Dow Jones, S&P 500, and Nasdaq 100 dipped 0.1% as trade tensions between the U.S. and major partners escalate. This follows China's rebuttal to President Trump's claims of a trade agreement violation and the EU's opposition to increased tariffs on steel and aluminum. As earnings season winds down, market participants await critical labor market data expected later this week.
Source: YAHOO
Reported 2 months ago
Oil prices increased in early Asian trading due to supply worries, as Iran is set to reject a U.S. nuclear deal that could ease sanctions, and wildfires in Canada have disrupted oil production. Brent crude rose to $65.18 per barrel, while U.S. West Texas Intermediate climbed to $63.11. The ongoing geopolitical tensions, particularly between Russia and Ukraine, also contribute to concerns over oil supply, which were heightened by the Canadian wildfires affecting approximately 344,000 bpd of production.
Source: YAHOO
Reported 2 months ago
Latvian robotics company Aerones has raised $62 million to roll out AI-enabled robots for the maintenance of wind turbines across over 30 countries. This investment aims to reduce the lengthy downtime for turbine maintenance—currently done manually—and improve efficiency in the rapidly growing wind energy sector, which constitutes nearly 10% of global energy generation.
Source: YAHOO
Reported 2 months ago
On June 3, market watchers will focus on earnings reports from Dollar General and other companies, alongside the latest Job Openings and Labor Turnover Survey (JOLTS) data. Analysts are particularly interested in Dollar General's insights into consumer behavior amidst inflation concerns. Additionally, commentary from Federal Reserve officials will provide a glimpse into potential interest rate directions.
Source: YAHOO
Reported 2 months ago
Senate Republicans are set to review a controversial 'revenge' tax included in President Trump's fiscal package, which could raise rates for individuals and companies from countries with deemed 'discriminatory' tax policies. Analysts warn this measure might deter foreign investment in the US, already shaken by Trump's trade policies. Senate Majority Leader John Thune emphasized the need for growth-oriented policies, as the Senate plans to revise the bill for clearer support in the House.
Source: YAHOO
Reported 2 months ago
Tensions between the US and key trade partners China and the EU have escalated as President Trump announced a doubling of tariffs on steel and aluminum. China retaliated by accusing the US of breaching trade agreements, threatening to take measures to protect its interests. Meanwhile, the US is pushing for trade deals ahead of looming tariff deadlines, while legal challenges surrounding Trump's tariffs continue. The ongoing conflict and instability in trade relations raise concerns about future economic impacts.
Source: YAHOO
Reported 2 months ago
In a revealing episode of Financial Freestyle, NBA champion Antoine Walker shares his financial journey from a multimillion-dollar contract at 19 to bankruptcy by 2011. He emphasizes the importance of financial literacy for young athletes, highlighting the significant portion of players who face financial difficulties shortly after retiring. Walker discusses the need for education on taxes and sustainable spending habits, urging athletes and individuals alike to take control of their finances and plan for a secure future.
Source: YAHOO