Reported 5 days ago
Source: INVESTORS
Reported 5 days ago
RTX has raised its 2025 profit and revenue forecasts due to robust demand for missiles and aftermarket services, countering concerns over tariff impacts. The company reported an 8% increase in stock value and improved revenue across its aerospace and defense segments, including notable growth in Collins Aerospace and Pratt and Whitney units. The adjusted profit per share forecast has also been raised, reflecting a strong financial outlook amidst ongoing geopolitical tensions.
Source: YAHOO
Reported 5 days ago
As earnings season unfolds, major companies including General Motors and General Electric have boosted their guidance, signaling a positive outlook. Coca-Cola's stock also rose after reporting better-than-expected earnings in a challenging environment. Analysts predict an 8.5% increase in earnings per share across S&P 500 companies for the third quarter, despite mixed results from other sectors such as consumer products and financial services. This week features significant earnings reports from notable companies, further shaping market expectations.
Source: YAHOO
Reported 5 days ago
Tesla is set to report its Q3 earnings amid record sales, with a focus on its ambitious Robotaxi program and the impact of expired federal EV tax credits. Analysts expect a revenue increase to $26.27 billion, highlighting the success of recent vehicle deliveries. However, concerns linger over future sales and profitability as the company navigates challenges following the end of EV tax incentives. Musk's Robotaxi initiatives have garnered attention, with potential expansion into new markets and ongoing testing despite safety drivers still being present.
Source: YAHOO
Reported 5 days ago
In a recent discussion with Yahoo Finance, Neuberger Berman's Dan Flax expressed his belief that Apple CEO Tim Cook will remain with the company for several more years. Flax highlighted Cook's ability to nurture leadership within Apple and emphasized the company's successful executive transitions. He anticipates a continuing focus on innovation and product development, which will drive Apple's growth.
Source: YAHOO
Reported 5 days ago
Source: WSJ
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
General Motors (GM) shares surged 8% after the company raised its full-year profit outlook, now projecting EBIT between $12 billion and $13 billion, driven by improved tariff exposure. Despite mixed third-quarter earnings, GM's net revenue reached $44.26 billion, slightly below estimates, while it reported strong vehicle sales and improved profitability. CEO Mary Barra credited recent tariff updates from the government that will enhance US vehicle competitiveness and indicated positive signs for GM's domestic manufacturing investments.
Source: YAHOO
Reported 5 days ago
In a recent discussion, Accuvest's Eric Clark highlighted that defensive sectors like utilities and healthcare have performed well amid market volatility, suggesting growing investor concern. Looking ahead, he anticipates that cyclical sectors, particularly consumer discretionary and financials, will likely have a much stronger year in 2026 as the economy re-accelerates, driven by potential rate cuts and advancements in AI across industries.
Source: YAHOO
Reported 5 days ago
Source: WSJ
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 6 days ago
Cleveland-Cliffs, an Ohio-based steel company, is venturing into rare-earth mining in response to Beijing's restrictions on these materials, igniting investor interest and driving its shares up over 20%. This shift mirrors the pivot towards crypto and AI seen in prior years, emphasizing a new era of corporate nationalism as businesses align with national strategies for critical material independence. While challenges in infrastructure and production timelines exist, the potential for securing supply chains away from foreign dominance has energized the market.
Source: YAHOO
Reported 6 days ago
Spiro, a Dubai-based electric motorbike company, has raised $100 million in funding, marking the largest investment in Africa's e-mobility sector. The capital, led by The Fund for Export Development in Africa, will help Spiro expand its electric bike fleet to over 100,000 by the end of 2025, significantly increasing its presence across six African countries. With a model that offers lower costs and efficient battery swapping services, Spiro aims to become a leader in the market, catering to the growing demand for affordable and sustainable transportation.
Source: YAHOO
Reported 6 days ago
Intel is set to announce its third-quarter earnings later this week, and traders expect significant volatility, with shares projected to swing nearly 10% in either direction. The stock's price could reach around $42 or drop to just above $32, influenced by recent optimism surrounding the federal government's stake in the company and contributions from investors like Nvidia. Analysts are cautious, with most recommending a 'Hold' rating amidst uncertainty about the company's foundry business.
Source: YAHOO
Reported 6 days ago
The Federal Reserve is set to convene for a policy meeting amid a government shutdown that has halted vital economic data releases, raising concerns among policymakers. With employment data on hold since October 1, hints of sluggish job growth and rising inflation complicate the Fed's decision-making. While financial markets anticipate a potential rate cut, the lack of key economic indicators, particularly from the labor market, leaves officials feeling 'blind' to the actual economic conditions, making their forthcoming decisions uncertain.
Source: YAHOO
Reported 6 days ago
Gold prices fell as optimism surrounding US-China trade negotiations reduced its status as a safe-haven asset. As of Tuesday morning, gold futures dropped 1.5% to $4,296.30 per ounce and spot gold decreased 2.6% to $4,357.35. President Trump expressed confidence in achieving a trade deal with China, which contributed to the decline in gold prices. Additionally, oil prices reached a five-month low due to concerns of oversupply in the market.
Source: YAHOO
Reported 6 days ago
Taiwan's export orders surged by 30.5% in September, reaching $70.22 billion, far exceeding forecasts of a 17.8% increase. This marks the eighth consecutive month of growth, largely driven by the island's role as a crucial hub for the artificial intelligence industry, despite ongoing concerns about U.S. tariffs. Notable increases include telecom products up 33.1% and electronic products soaring by 45.9%. The Ministry of Economic Affairs anticipates a record total for annual orders and projects continued growth into October.
Source: YAHOO
Reported 6 days ago
Global automakers are racing to secure crucial rare earths before Chinese export restrictions take effect, concerned about potential parts shortages and factory closures. China dominates the rare earth market, controlling up to 70% of mining and a significant share of refining and production. While companies aim to find alternatives, the lack of viable sources outside China complicates efforts. Some automakers are developing motors with reduced rare earth content, but many solutions may take years to implement, leaving them vulnerable to China's supply influence.
Source: YAHOO
Reported 6 days ago
A group of U.S. banks, including JPMorgan Chase and Bank of America, is hesitant to provide a $20 billion loan to Argentina without adequate collateral or guarantees, as reported by the Wall Street Journal. While the U.S. Treasury is working on a facility to support Argentina's sovereign debt, the finalization of this loan hinges on resolving collateral issues, which could potentially lead to conflicts with the IMF regarding prioritization of U.S. liabilities.
Source: YAHOO