Reported 9 days ago
In a recent discussion on Yahoo Finance, options trading expert Bob Lang analyzed Alibaba's upcoming earnings report, scheduled for August 29. He highlighted that while the stock has been relatively strong, its movement is closely tied to the Hong Kong market. Lang suggested an options play involving a $125 call for October, priced around $10.5 to $11, predicting potential upward movement beyond $130 towards $145 or $155 by the end of October.
Source: YAHOO
Reported 9 days ago
Tesla's sales in Europe dropped a staggering 40.2% in July, with only 8,837 units registered, as competitors like BYD surged in popularity. The company has now seen sales decline for seven consecutive months, exacerbated by Elon Musk's unpopularity and the introduction of new rivals in the market. Notably, traditional major markets for Tesla, such as France and the Nordic countries, reported sharp declines. As total vehicle registrations rose in Europe, Tesla struggles to maintain its foothold amid increasing competition and changing consumer preferences.
Source: YAHOO
Reported 9 days ago
Dan Ives, managing director at Wedbush Securities, discusses how Nvidia's CEO Jensen Huang navigates the challenges of the US-China trade landscape with a focus on AI technology. Ives characterizes Huang as '10% politician, 90% CEO,' emphasizing the significance of US policy on Nvidia's operations, particularly in China where sales have been hindered. The analysis indicates that Huang is strategically engaging with the government to secure Nvidia's position in the global tech arena amidst ongoing geopolitical tensions.
Source: YAHOO
Reported 9 days ago
President Trump's tariffs are increasingly compelling countries to decide their allegiance between the US and its primary rivals, China and Russia. This dynamic was highlighted as India faces significant US tariffs due to its purchase of Russian oil, while Mexico considers imposing tariffs on China to strengthen ties with the US. Meanwhile, countries like Japan and South Korea are navigating their positions amid these tensions, with both facing domestic pushback on trade agreements with the US.
Source: YAHOO
Reported 9 days ago
Mortgage rates have fallen to their lowest levels in 2025, with the average 30-year fixed-rate mortgage at 6.56%. This decline comes despite President Trump's ongoing conflicts with the Federal Reserve, including his recent attempt to fire a governor over unproven allegations. While mortgage applications for home purchases increased slightly, refinancing applications dropped, reflecting a mixed response to lower rates as affordability remains a concern for buyers.
Source: YAHOO
Reported 9 days ago
In a recent discussion, Nvidia CEO Jensen Huang highlighted the transformative role of AI in the gaming industry, particularly in relation to the successful Nintendo Switch and Switch 2 consoles, which utilize Nvidia's cutting-edge chips. Huang emphasized that AI is not only revolutionizing gaming but also enhancing graphics through advanced rendering techniques, resulting in smoother gameplay and stunning visuals. He expressed pride in the achievements of Nvidia's gaming division, which continues to thrive amid growing competition.
Source: YAHOO
Reported 9 days ago
US Health and Human Services Secretary Robert F. Kennedy Jr. criticized the Centers for Disease Control and Prevention (CDC) for not aligning closely enough with President Trump's policies. Following the abrupt firing of CDC Director Susan Monarez amid disagreements over vaccines, Kennedy suggested the agency is facing significant internal issues and highlighted its past mistakes during the COVID pandemic. He raised concerns about its approach to immunizations and made controversial changes to vaccine recommendations, drawing criticism from public health experts.
Source: YAHOO
Reported 9 days ago
Analysts remain bullish on Nvidia Corp. (NVDA), raising their price targets following the company's underwhelming revenue forecast. At least ten firms increased their 12-month targets, averaging $202.60, as they express confidence in Nvidia's long-term prospects and potential growth in its Blackwell AI chips. Despite concerns about sales falling short of some expectations, Wall Street maintains a strong buy sentiment towards Nvidia stock, with 72 buy-equivalent ratings.
Source: YAHOO
Reported 9 days ago
Framer, a website design platform, announced a valuation of $2 billion after raising $100 million in its latest funding round, led by Meritech and Atomico. The surge in funding reflects venture capitalists' renewed confidence in software startups that facilitate website creation with minimal developer input. Founded in 2015 in Amsterdam, Framer has gained significant traction with half a million monthly active users and notable clients such as Scale AI and Miro. The recent capital influx aligns with a broader recovery in the startup funding landscape.
Source: YAHOO
Reported 9 days ago
Walgreens has appointed Mike Motz as its new CEO following its acquisition by Sycamore Partners, marking a significant shift for the pharmacy chain as it aims to refocus on core retail and pharmacy services. Motz, previously CEO at Staples' U.S. retail, replaces Tim Wentworth, who led efforts to streamline operations amid rising competition from budget retailers like Amazon and Walmart. Additionally, John Lederer has been named executive chairman.
Source: YAHOO
Reported 9 days ago
Five Below received an upgrade to Outperform with a new price target of $170 from Telsey Advisory, indicating growth momentum, while Bill was downgraded to Neutral with a lowered target of $50 after disappointing revenue guidance. Other notable updates include upgrades for Wynn Resorts, Silgan Holdings, and Venture Global, reflecting improved market prospects.
Source: YAHOO
Reported 9 days ago
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Trump following his attempt to fire her over allegations of mortgage fraud. The lawsuit marks a historic confrontation regarding the independence of the US Central Bank and questions the validity of Trump's claims, as Cook argues the allegations do not meet the criteria for dismissal. The case is set to potentially redefine the relationship between the presidency and the Federal Reserve.
Source: YAHOO
Reported 9 days ago
The US Treasury Department has instructed financial institutions to monitor and identify potential Chinese money laundering networks allegedly facilitating fentanyl trafficking linked to Mexican drug cartels. An advisory highlights that individuals such as Chinese students and retirees, who display unexplained wealth and provide minimal financial information, may be involved in circumventing currency regulations through underground banking channels. A recent report from the Financial Crimes Enforcement Network also details the broader expansion of these money laundering activities into areas like human trafficking.
Source: YAHOO
Reported 9 days ago
The U.S. economy's growth in the second quarter was revised upward to 3.3%, driven by increased consumer spending and business investment in intellectual property, including AI. Despite a contraction earlier in the year and ongoing challenges from tariffs, corporate profits rebounded by $65.5 billion. Economists anticipate a lackluster second half for growth, estimating a full-year increase of about 1.5%, influenced by trade policies that have significantly raised import duties.
Source: YAHOO
Reported 9 days ago
Nvidia reported a revenue of $46.7 billion for the July quarter, aligning with expectations but indicating a slowdown from previous growth rates due to US-China trade tensions. The company struggles to resume sales of its H20 AI chips to China, which previously accounted for a significant portion of its revenue, as it awaits regulatory guidelines related to a new 15% export fee scheme imposed by the US government. Despite these hurdles, Nvidia remains optimistic about future opportunities in the AI market.
Source: YAHOO
Reported 9 days ago
Aurora Innovation has teamed up with McLeod Software to integrate its self-driving trucking platform into McLeod's transportation management system. This partnership aims to facilitate the use of autonomous shipments for mutual clients, offering them safety and efficiency benefits within their current logistics setups. Beta testing is currently underway, with plans for a customer rollout next year. The collaboration comes amid growing competition in the autonomous trucking sector as various companies seek to expand their market presence.
Source: YAHOO
Reported 9 days ago
Snowflake's stock rose 14% in premarket trading following the release of impressive second-quarter results, with adjusted earnings per share of $0.35 and a 32% year-over-year revenue growth to $1.14 billion. The cloud data provider surpassed analyst expectations and announced an increase in its full-year product revenue guidance to approximately $4.40 billion. The company also reported 48 new customers exceeding $1 million in product revenue and highlighted the growing usage of its AI software across more than 6,100 accounts weekly.
Source: YAHOO
Reported 9 days ago
US applications for unemployment benefits decreased last week as employers retain workers despite an economic slowdown. The Labor Department reported a drop of 5,000 applications, bringing the total to 229,000. While layoffs remain low, hiring has also weakened, leading to a 'no hire, no fire' economy. The unemployment rate is currently at a low 4.2%, but job growth has significantly slowed compared to last year. The Federal Reserve may consider cutting interest rates in response to the sluggish job market.
Source: YAHOO
Reported 9 days ago
Brown-Forman, the maker of Jack Daniel's, exceeded Wall Street sales expectations for the first quarter, attributed to strong demand for its ready-to-drink beverages and whiskey brands, particularly in emerging markets. Despite a slight decline in U.S. organic sales, the company remains optimistic and maintains its annual forecast. However, uncertainties like potential tariff increases and geopolitical volatility pose challenges for future growth.
Source: YAHOO
Reported 9 days ago
The U.S. economy experienced a rebound, with a reported growth of 3.3% for the April-June period, reflecting an upgrade from the government's initial estimate.
Source: YAHOO
Reported 9 days ago
CrowdStrike's shares fell 3.3% after the cybersecurity firm issued a weak quarterly revenue forecast, highlighting the lasting impact of a software update failure that caused a significant global outage. The company’s anticipated third-quarter sales align with analysts' expectations but are affected by customer incentives due to the outage. Despite a 21% revenue increase in the second quarter, the stock's reaction reflects overinflated near-term expectations, leading ten brokerages to lower their target prices.
Source: YAHOO
Reported 9 days ago
Best Buy exceeded quarterly sales and profit expectations but maintained its annual forecasts due to concerns over tariffs, resulting in a 5.7% drop in share prices. The company's efforts to mitigate tariff impacts included diversifying its supply chain and implementing strategic price hikes. Sales of popular products like the Nintendo Switch 2 and AI-powered devices helped stabilize revenue, with comparable sales rising 1.6%, the highest growth in three years.
Source: YAHOO
Reported 9 days ago
China's major airlines, including Air China and China Southern Airlines, reported narrowed but significant losses in the first half of 2025 due to a surplus in capacity and low fare prices. Despite a seasonal peak in travel, average domestic ticket prices have decreased compared to previous years, indicating ongoing challenges for the sector's recovery post-pandemic. Analysts suggest that issues like competition from high-speed rail and slow growth in international travel continue to hinder profitability. China Eastern Airlines is expected to report a loss soon, amid inquiries into former leadership misconduct.
Source: YAHOO
Reported 9 days ago
Facing a 50% tariff on exports to the U.S., thousands of Indian small businesses are searching for alternative markets in Europe, Africa, and Asia. In response to the increased tariffs, many have expedited shipments and are re-evaluating trade relationships, with approximately 57% of surveyed exporters exploring new markets to mitigate the impact. The Indian government has not yet provided financial support for affected businesses, prompting companies to pivot their strategies to maintain export levels.
Source: YAHOO
Reported 9 days ago
Nvidia investors reacted with mixed feelings after the company excluded Chinese sales from its current-quarter guidance due to ongoing trade tensions, leading to a 2% drop in shares. Despite strong overall numbers and CEO Jensen Huang's reassurances about AI growth, analysts expressed concerns about weak data-center demand and the broader implications of the company's limited access to one of the largest semiconductor markets. Many believe that future sales in China remain uncertain, impacting Nvidia's growth expectations.
Source: YAHOO