Reported 3 months ago
Tesla shares climbed over 2% after CEO Elon Musk announced he was stepping away from the Trump administration, raising hopes for renewed attention to the automaker amid its robotaxi launch plans. His political involvement had previously sparked protests and caused concern among investors. Analysts believe Musk’s focus on Tesla, following reduced political spending and responsibilities, could enhance market sentiment despite earlier sales declines. The company is set to deliver its driverless Model Y cars soon, pivotal for its future success.
Source: YAHOO
Reported 3 months ago
Exxon Mobil expressed strong confidence in winning its arbitration dispute regarding Chevron's acquisition of Hess, which concluded recently. Senior VP Neil Chapman highlighted expectations that the three-member panel would rule in Exxon's favor, affirming its right of first refusal on Hess' stake in a Guyana oil venture. The acquisition's future remains uncertain as the panel deliberates, following Chevron's $53 billion deal for Hess, which is crucial for its recovery strategy.
Source: YAHOO
Reported 3 months ago
Bath & Body Works surpassed quarterly profit estimates due to strong demand for its products and limited exposure to tariffs, achieving a profit of 49 cents per share, higher than analysts' expectation of 47 cents. The company's effective marketing strategies and predominantly U.S.-based supply chain have helped it navigate the uncertain retail environment and maintain sales forecasts.
Source: YAHOO
Reported 3 months ago
White House economic adviser Kevin Hassett announced that three trade deals are nearly completed, despite a recent trade court ruling that blocked many of President Trump's tariffs. Hassett expressed confidence in upcoming agreements and dismissed the ruling as the work of 'activist judges', believing that negotiations will not be impacted.
Source: YAHOO
Reported 3 months ago
The number of Americans filing for unemployment benefits rose unexpectedly to 240,000 last week, signaling a potential softening in the labor market as layoffs increase due to economic uncertainties. Despite worker retention efforts post-COVID, continuing claims also rose, indicating companies' reluctance to hire amid unstable conditions influenced by trade policies. Economists predict jobless claims might exceed previous ranges in June, reflecting ongoing challenges in the economy.
Source: YAHOO
Reported 3 months ago
In 2024, CEO compensation packages for S&P 500 executives rose by nearly 10%, reflecting a strong stock market and increased corporate profits. The median CEO pay reached $17.1 million, contrasting with a modest 1.7% pay increase for typical employees, highlighting a significant pay gap. Notably, Rick Smith of Axon Enterprises topped the list with a compensation valued at $164.5 million, while the gender pay gap persists even as the number of female CEOs on the list increases.
Source: YAHOO
Reported 3 months ago
The U.S. economy saw a contraction of 0.2% in the first quarter, according to the second estimate released amid ongoing turmoil from the Trump administration's trade war.
Source: YAHOO
Reported 3 months ago
The Associated Press, in collaboration with Equilar, conducted its annual review of CEO compensation, analyzing pay packages for 344 executives from S&P 500 companies based on regulatory filings from early 2025. The median CEO pay was found to be $17.1 million in 2024, representing a 9.7% increase from the previous year. The analysis details various components of CEO compensation, including base salaries, bonuses, perks, and stock awards, while filtering out data to focus on CEOs who have been in their role for at least two years.
Source: YAHOO
Reported 3 months ago
Despite an increase in jobless claims last week, the labor market in the U.S. remains robust in the face of economic uncertainties, according to a recent report.
Source: YAHOO
Reported 3 months ago
Canada Post has reported a staggering $611 million pre-tax loss in 2024 and has made a 'best and final' labor offer to the Canadian Union of Postal Workers, emphasizing the need for operational reforms to improve its financial stability. The company has faced ongoing criticism from the union regarding its counteroffer, which could lead to further labor actions amid decreasing mail volumes and increased competition from private carriers. With losses totaling $2.7 billion since 2018, Canada Post is under pressure to modernize its delivery model to adapt to changing communication and e-commerce trends.
Source: YAHOO
Reported 3 months ago
Japanese Prime Minister Shigeru Ishiba has emphasized the need to uphold rules-based free trade systems and expand the Asia-Pacific trade group amidst rising tensions over U.S. tariffs. Speaking at a global forum in Tokyo, he criticized high tariffs as detrimental to economic prosperity and highlighted Japan's commitment to collaborate with the U.S. for mutual growth. As Japan's chief tariff negotiator heads to Washington for negotiations, Ishiba urged Asian countries to prioritize fair economic practices through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes 12 member nations.
Source: YAHOO
Reported 3 months ago
The recent rally in Deutsche Boerse shares highlights a gradual re-rating of European markets, narrowing the valuation gap with U.S. exchanges like Wall Street. After a nearly 30% surge this year, Deutsche Boerse's valuation briefly surpassed its U.S. competitors for only the second time, indicating a shift due to fiscal stimulus and improved earnings momentum. Analysts suggest European equities may continue to gain as the region adapts to changing economic policies and investor sentiment improves.
Source: YAHOO
Reported 3 months ago
Kohl's shares experienced a notable increase in premarket trading after the retailer reported first-quarter results that exceeded analysts' expectations. The company posted a loss of $0.13 per share on sales of $3.23 billion, better than the forecasted loss of $0.28 per share. This announcement follows the recent dismissal of CEO Ashley Buchanan and comes as the firm confirmed its full-year sales outlook, despite challenges in comparable store sales.
Source: YAHOO
Reported 3 months ago
Hormel Foods has adjusted its annual profit forecast downwards as the company grapples with supply chain challenges and decreased retail demand, which overshadow the advantages of previous price increases. Despite efforts to maintain margins in response to high commodity prices, the company reported a 7% drop in sales volumes in the second quarter across retail and food service segments. Consequently, Hormel expects organic net sales growth to be between 2% and 3%, while adjusting its profit forecast range to $1.58 to $1.68 per share.
Source: YAHOO
Reported 3 months ago
Best Buy announced its financial results for the first quarter of fiscal 2026, revealing revenue of $8.77 billion, net income of $202 million, and earnings per share of $1.15. These figures fell short of expectations and compared to the previous year’s results of $8.85 billion in revenue, $246 million in net income, and $1.20 EPS.
Source: YAHOO
Reported 3 months ago
In the unfolding US-China tech race seen as the defining geopolitical narrative of the 21st century, expert Nina Schick identifies the 'Achilles heel' of each nation: the US struggles with its industrial base, while China faces challenges with compute capability. Schick highlights the competition for AI dominance and how restrictions on technology are prompting innovative shifts within both countries, ultimately shaping the future global order.
Source: YAHOO
Reported 3 months ago
In a recent episode of Stocks in Translation, Swan Private Wealth's John Haar discusses the decline of the traditional 60/40 investment portfolio amid changing market conditions, particularly following COVID-19. He highlights the implications of negative real yields and suggests a shift towards alternative strategies, including minimal bond holdings and greater investment in assets like Bitcoin. The conversation underscores a transformative new investing regime where historical strategies may not yield the same results, urging investors to adapt accordingly.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Nvidia's Q1 earnings exceeded revenue expectations at $44.1 billion, though adjusted earnings per share fell short at $0.81 due to a ban on H20 chip shipments to China. The company anticipates an $8 billion sales loss in Q2 from the export restrictions. Despite challenges, CEO Jensen Huang highlighted strong global demand for AI infrastructure and Nvidia's pivotal role in the industry's transformation.
Source: YAHOO
Reported 3 months ago
Nvidia's first quarter earnings report revealed a surprising profit miss, but Wall Street remains optimistic, with shares rising 5% following the announcement. This mixed response is attributed to Nvidia's projected continued growth and strong demand for its AI products, despite the anticipated $8 billion loss in sales due to US shipping bans on its H20 chips to China. Analysts express confidence in Nvidia's Blackwell chip launch and its position in the AI infrastructure market.
Source: YAHOO
Reported 3 months ago
First Majestic Silver Corp. saw a significant stock increase of 2.59% on Wednesday, reaching $6.33 per share. This surge is attributed to the company's successful discovery of gold and silver mineralization sites near its Santa Elena property in Mexico, boosting investor sentiment. The discovery includes a new deposit one kilometer from Santa Elena and enhanced production from the Navidad deposit, indicating the expanding potential of the mining district.
Source: YAHOO
Reported 3 months ago
Full Truck Alliance Co. Ltd. (NYSE:YMM) saw its share prices rise by 1.7% to $11.98 on Wednesday, spurred by easing global trade tensions and strong financial performance, including a 118.1% increase in net income to 1.278 billion yuan. The company also projected revenue growth between 3.06 billion and 3.12 billion yuan for the second quarter, while emphasizing the integration of artificial intelligence into its operations to enhance shareholder value.
Source: YAHOO
Reported 3 months ago
Coeur Mining, Inc. (CDE) experienced a share price increase of 4.33% to reach $8.43 on Wednesday, following the announcement of a $75 million share buyback program effective until May 31, 2026. CEO Mitchell Krebs emphasized the initiative's goal of enhancing shareholder value. Additionally, the company reported a net income of $33.4 million, a significant turnaround from a $29.1 million net loss a year prior, with revenues soaring 69% year-on-year.
Source: YAHOO