Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Hims & Hers, the telehealth platform, announced it will lay off 68 employees, approximately 4% of its workforce, in response to a recent U.S. Food and Drug Administration ban on the manufacturing of compounded copies of the weight-loss drug Wegovy. Since the ban took effect on May 22, Hims' shares have dropped 14%. The company is shifting focus towards new growth opportunities, including partnerships to facilitate Wegovy access and expanding its offerings related to low testosterone and menopause treatments.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Nasdaq and 21Shares have filed for an ETF that would include $SUI, a new altcoin from the Sui blockchain, attracting attention in the $10 trillion ETF market. With a market cap of $11.5 billion, $SUI promises faster transaction settlements, which could appeal to institutional investors. The coin can be used for various applications on the Sui network, including paying transaction fees and staking rewards, while already gaining traction in European trading markets.
Source: YAHOO
Reported 3 months ago
As Bitcoin reaches record highs, financial advisors who were once skeptical are now reconsidering its role in client portfolios. The cryptocurrency has seen significant gains, prompting increased inquiries from clients. Advisors are focusing on managing expectations around Bitcoin's volatility while exploring various investment strategies, including new Bitcoin ETFs that aim to provide easier access to the asset class. While advisors are beginning to recognize Bitcoin's potential as a diversifier, they remain cautious about its risks and volatility.
Source: YAHOO
Reported 3 months ago
Josh Lipton previews important market events for the upcoming week, highlighting earnings reports from Lululemon, Broadcom, and several discount retailers. He also discusses the anticipated job openings and labor turnover survey (JOLTS) data, predicting a decrease in job openings, followed by a jobs report showing a drop in non-farm payrolls while unemployment remains steady.
Source: YAHOO
Reported 3 months ago
At the Reagan National Economic Forum, Boom Supersonic Founder Blake Scholl discussed how AI automation could significantly reduce labor costs in the US, emphasizing that the country faces a cost disadvantage in sectors linked to labor. He argued against relying on subsidies and tariffs to overcome this challenge.
Source: YAHOO
Reported 3 months ago
In the wake of President Trump's second term, market observers have created parodies of his favorite acronyms like MAGA, which have begun to gain traction on trading desks. These playful acronyms, including TACO (Trump Always Chickens Out) and FAFO (Fuck Around and Find Out), reflect the volatility and unpredictability of the markets influenced by Trump's policies. While some labels tie directly to trading strategies, others capture the broader market sentiment during Trump's presidency.
Source: YAHOO
Reported 3 months ago
A recent report reveals that North Korea, under Kim Jong Un, has infiltrated American businesses by exploiting unsuspecting citizens for remote job schemes. Christina Chapman, a Minnesota woman, ran a 'laptop farm' from her home that connected North Korean workers with over 300 U.S. firms, generating $17.1 million while compromising U.S. data security. Chapman, who was unaware of the North Korean connections, has pleaded guilty to multiple charges and faces significant prison time.
Source: YAHOO
Reported 3 months ago
At a recent rally, President Trump declared his decision to double tariffs on foreign steel from 25% to 50%, aimed at strengthening the U.S. steel industry following Nippon Steel's acquisition of U.S. Steel. He emphasized that this move will eliminate loopholes and better protect American workers.
Source: YAHOO
Reported 3 months ago
At a rally in Pennsylvania, President Trump declared that he will double tariffs on steel imports from 25% to 50%, claiming it will bolster the U.S. steel industry. He also criticized China for allegedly violating its trade agreement with the U.S. amid renewed tensions between the two countries. Trump's tariff agenda continues to face legal challenges, with a federal appeals court temporarily allowing the tariffs to remain in effect as the administration mounts a legal defense. Trade negotiations with India and the EU are reportedly ongoing despite these developments.
Source: YAHOO
Reported 3 months ago
During a Bitcoin conference in Las Vegas, Michael Saylor, Executive Chairman of Strategy, discussed concerns regarding the company's stock potentially dropping below a net asset value of 1. He contrasted Strategy's fluid business model with the rigid structure of Grayscale Bitcoin Trust and revealed a contingency plan: if the stock price declines, the company could sell financial products to buy back shares, thus reinforcing investor confidence. Saylor emphasized that Strategy's access to multiple capital markets is crucial for navigating volatility and maintaining operational flexibility.
Source: YAHOO
Reported 3 months ago
In a recent speech, former President Trump announced to US steelworkers his intention to increase tariffs on foreign steel from 25% to 50%, emphasizing his support for the American steel industry.
Source: YAHOO
Reported 3 months ago
908 Devices saw its stock price soar by more than 18% after announcing the delivery of 27 MX908 detection devices to the Romanian Customs Authority. This deal, supported by the European Union's Customs Control Equipment program, enhances the company's reputation and is expected to generate revenue, even though specific financial details were not disclosed.
Source: YAHOO
Reported 3 months ago
Understanding the stock market can be challenging for the average investor, but focusing on three fundamental concepts can provide clarity: earnings growth, price-to-earnings ratio, and dividend payouts. Learning how these components interact can lead to more informed investment decisions, such as recognizing companies poised for profit growth, accurately valuing stocks through P/E ratios, and identifying dividend-paying companies for reliable returns.
Source: YAHOO
Reported 3 months ago
Nordson Corporation's stock experienced a nearly 10% rise this week following strong quarterly earnings that surpassed expectations. Its second-quarter results revealed an increase in total sales to $683 million, beating analyst estimates, alongside a slight rise in profitability. The company also announced optimistic guidance for the third quarter, indicating continued strength in key divisions. With solid fundamentals and a track record of growing dividends, Nordson presents itself as a stable investment option.
Source: YAHOO
Reported 3 months ago
Vanguard has filed for a new Emerging Markets ETF that will exclude China, aimed at investors concerned about geopolitical tensions and economic issues associated with the Chinese market. The fund will track the FTSE Emerging ex-China Index, offering broad exposure to developing markets while charging a low fee of 0.07%. This move follows a growing demand for emerging market strategies that avoid Chinese equities, as seen with the increasing assets of similar funds. Although Vanguard has not revealed the ticker or launch date, the initiative reflects a strategic response to changing investor preferences.
Source: YAHOO
Reported 3 months ago
BASF SE, the German chemicals giant, has begun soliciting interest from potential buyers for its coatings business, valued at approximately €6 billion ($6.81 billion), according to Bloomberg News. The Carlyle Group and Sherwin-Williams are reportedly considering a joint bid, while other private equity firms including CVC Capital Partners and Lone Star Funds have also shown interest. BASF aims to explore strategic options for its coatings division following a recent announcement to create autonomous units for its agriculture, battery materials, and coatings sectors.
Source: YAHOO
Reported 3 months ago
US Treasuries have posted their first monthly loss of 2025, declining over 1.2% in May, primarily due to rising concerns about the increasing government deficit and uncertainties around tariffs. This month marked the longest losing streak for 30-year yields since 2023, as the unpredictable policies of the Trump administration shook investor confidence. Economic data indicated slower consumer spending and lower imports, leading money markets to anticipate potential interest rate cuts from the Federal Reserve. Analysts suggest that growing competition for longer-term bonds may result in even higher yields in the near future.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
The SPDR S&P 500 ETF Trust (SPY) attracted $2.3 billion in assets as markets rose after Nvidia Corp.'s strong quarterly results alleviated tariff policy concerns. This boost increased SPY's total assets to over $601 billion, while other ETFs including Invesco QQQ Trust and Vanguard Information Technology ETF also saw significant inflows. Overall, U.S. equity ETFs garnered $6.8 billion in inflows amidst ongoing developments in trade policies.
Source: YAHOO
Reported 3 months ago
Nvidia's involvement in OpenAI's $500 billion Stargate project is poised to transform the AI infrastructure landscape. As part of this venture, Oracle is set to purchase $40 billion worth of Nvidia's Blackwell chips to support OpenAI's expansion of data centers in the U.S. This collaboration not only signifies growing demand for AI technology but also positions Nvidia as a pivotal player in the burgeoning sector, potentially leading to long-term growth opportunities for the company.
Source: YAHOO
Reported 3 months ago
Shares of Nano Nuclear Energy dropped 16% this week following a private stock placement that diluted shareholder value. Although the company has filed patents for its developing microreactor technology, it remains pre-revenue and requires substantial funding for future operations. Experts advise against investing in Nano Nuclear Energy due to its high-risk profile and lack of an expected product until 2030 or later.
Source: YAHOO