Reported 2 months ago
Businesses are increasingly attributing rising consumer prices to Trump's tariffs on imported goods, with some companies openly stating that these tariffs will lead to higher costs. Despite concerns from Trump that companies should absorb these costs, polls indicate that a significant portion of consumers place blame on both corporations and Trump for inflation. As the effects of these tariffs become more noticeable, businesses face a dilemma: either risk Trump’s ire by pointing to the tariffs for price hikes or leave consumers uninformed about the factors behind their rising prices.
Source: YAHOO
Reported 2 months ago
Disney is laying off several hundred employees globally to reduce costs as consumer preferences shift from traditional cable to streaming services. Affected areas include marketing, TV publicity, and corporate operations, with the aim of streamlining amidst a changing media landscape. Since 2023, Disney has cut over 8,000 roles while focusing on expanding its direct-to-consumer platforms. The latest cuts follow a strong earnings report and plans for a new theme park in Abu Dhabi.
Source: YAHOO
Reported 2 months ago
Elon Musk's Neuralink has raised $650 million in a recent funding round as it begins clinical trials for its brain implant device that enables communication between the brain and digital devices. The trials involve patients with severe paralysis using the technology to control devices with their thoughts. The FDA has granted breakthrough status to Neuralink's speech restoration device, accelerating its development. Key investors in this funding round include ARK Invest and Sequoia Capital.
Source: YAHOO
Reported 2 months ago
Retailer Temu saw a dramatic 58% drop in daily U.S. users in May following the end of the 'de minimis' exemption, which allowed low-value Chinese shipments to be imported tariff-free. This policy change, part of ongoing U.S.-China trade tensions, has forced Temu to reduce ad spending and alter its order fulfillment strategy. While competitors like Shein have adjusted better and managed to increase spending per customer, Temu has struggled to maintain its user base and sales growth amidst rising tariffs.
Source: YAHOO
Reported 2 months ago
The U.S. Department of Justice has mandated Keysight Technologies to divest three key businesses from Spirent Communications, including high-speed ethernet testing and network security testing, to address antitrust concerns prior to finalizing its $1.5 billion acquisition of the British firm.
Source: YAHOO
Reported 2 months ago
美联储内部正在激烈讨论是否应该暂时保持利率稳定，还是在今年晚些时候考虑降息。一些官员认为，特朗普的关税带来的通货膨胀影响是暂时的，可以考虑降息。然而，另一些成员则担心关税可能使通货膨胀变得更持久，强调需要更清晰的信息才能做出决定。美联储官员Waller和Goolsbee支持降息，而Kashkari和Logan则主张保持利率不变，认为需等待更加明确的形势。
Source: YAHOO
Reported 2 months ago
President Trump's trade agenda is stalled as he waits for a call with Chinese President Xi Jinping to address escalating tensions over tariffs and critical trade issues. The delay in the call is impacting negotiations with other countries, and both sides are trading accusations regarding compliance with recent agreements. With no confirmed schedule for the call, key matters such as trade barriers on essential minerals remain unresolved, raising concerns over future relations and trade agreements.
Source: YAHOO
Reported 2 months ago
Tempus AI shares rebound as TD Cowen challenges a negative short report, stating that many claims were exaggerated. Meanwhile, Meta is reportedly looking to automate its ad creation and targeting using AI by next year, impacting advertising stocks. Broadcom's shares are on the rise ahead of their earnings report, reflecting positive market sentiment towards the company's growth potential.
Source: YAHOO
Reported 2 months ago
A recent Yahoo Finance survey reveals that one-third of US households cannot cover a month's expenses without income. Pierre Habis, head of Synchrony Bank, emphasizes the importance of establishing small savings habits as a foundation for creating emergency funds. He advises starting with minimal amounts and utilizing high-yield savings accounts for better liquidity and interest. Maintaining discipline is crucial, and separating emergency funds from checking accounts can prevent unintentional spending. Ultimately, developing a savings routine is likened to maintaining a healthy lifestyle, requiring consistency and effort.
Source: YAHOO
Reported 2 months ago
Alphabet's stock could plummet by 15% to 25% if U.S. District Judge Amit Mehta orders Google to divest its Chrome browser, according to Barclays analysts. Following a significant antitrust ruling against Google, the Justice Department has argued for the divestiture, which could significantly impact Google's revenue. Analysts suggest that such an event would represent a 'black swan' occurrence for Alphabet’s stock, potentially leading to a major decline in earnings per share.
Source: YAHOO
Reported 2 months ago
Rivian's upcoming R2 midsize SUV will form the foundation for all future electric vehicles from Volkswagen, according to Rivian’s chief software officer. The partnership allows VW to leverage Rivian's advanced technology and systems while providing essential funding for Rivian’s production. The R2 platform will enable various VW brands to maintain their unique identities while benefiting from a shared technology architecture, with production expected to begin in 2026.
Source: YAHOO
Reported 2 months ago
The S&P 500 experienced its best May since 1990, with a notable gain of over 6%, while the Nasdaq Composite rose more than 9.5%. As we move into June, historical trends suggest that a strong May often sets a positive tone for the upcoming month, hinting at a median return of 0.6% for June. Looking ahead, July is expected to continue the upward momentum despite potential volatility in September and October. Overall, data indicates strong performance from June to December following a robust May, with patient investors likely to benefit as favorable market conditions could reignite momentum.
Source: YAHOO
Reported 2 months ago
Manufacturing activity continued to decline in May, with the Institute of Supply Management's PMI dropping to 48.5, indicating ongoing contraction for the third consecutive month. Chair of the ISM Manufacturing Business Survey Committee, Susan Spence, noted that concerns over tariffs were the primary worry among panelists, with many likening their impact to that of the COVID pandemic. As demand weakens, layoffs are increasing, and while some companies remain hesitant to hire amidst the uncertainty, the overall sentiment in manufacturing remains negative.
Source: YAHOO
Reported 2 months ago
Campbell's Company reported better-than-expected fiscal third quarter earnings, exceeding Wall Street estimates, largely due to a shift in shipment timing and increased home cooking by consumers seeking value. However, despite the positive results, analysts indicate that the snacks segment remains underperforming in line with market trends, highlighting concerns about consumer spending and pricing strategies in the snack category.
Source: YAHOO
Reported 2 months ago
US President Trump's announcement to double tariffs on steel and aluminium imports to 50% has led to a sharp increase in metal prices while shares of foreign steelmakers plummet. The tariffs, effective June 4, have intensified fears of a global trade war and raised concerns among analysts about potential impacts on US industrial activity. While domestic producers welcome the tariffs, international markets, particularly in South Korea and Europe, brace for significant challenges.
Source: YAHOO
Reported 2 months ago
ChargePoint Holdings, Inc. is expected to announce its first-quarter fiscal 2026 earnings on June 4, with a consensus estimate projecting a loss of 5 cents per share and revenues of $100.52 million, representing a potential 54.55% year-over-year increase in losses and a 6.09% decline in revenue. Despite recent losses, the company experienced a slight improvement in gross margin due to better hardware margins and expects revenues to fall within $95-$105 million. ChargePoint currently holds a Zacks Rank of 3, and the earnings prediction model does not indicate a likely earnings beat this quarter.
Source: YAHOO
Reported 2 months ago
In a recent appearance on Fox Business, JPMorgan Chase CEO Jamie Dimon highlighted the potential dangers posed by the rising U.S. national debt, warning it could lead to turmoil in the bond market, widening credit spreads, and negatively impacting small businesses and loans. He expressed concern that if confidence in the U.S. dollar wanes, it could further exacerbate these issues, emphasizing the need to monitor volatility in the bond markets amidst changing economic policies.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
沃倫·巴菲特在2025年初以約5.5億美元購買了百事可樂的比薩股份，並隨後賣出了一些S&P 500指數基金。分析其在比薩行業的成功，巴菲特的策略可能適用於其他投資者，主要有三個理由：第一，百事可樂在技術上的運用比同業更優，提升了效率與顧客體驗；第二，計畫在未來五年內開設1100家新店，並預計年營收增長7%；第三，市場佔有率持續增長，顯示出其在快餐比薩市場的強勁發展潛力。
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
As President Trump hints at a potential recession amid rising inflation and tariffs, he suggests that economic pain may be part of a broader transition. To protect personal finances in the face of downturn risks, experts recommend diversifying investments, prioritizing emergency savings, trimming unnecessary expenses, and paying down high-interest debt. With strategies like investing in gold, exploring alternative assets such as art, and utilizing high-yield savings accounts, individuals can enhance their economic resilience.
Source: YAHOO
Reported 2 months ago
Source: YAHOO