Reported 3 months ago
Oklo Inc. (NYSE:OKLO) experienced a share price increase of 2.49% on Wednesday, marking its fourth consecutive day of gains. This boost followed the announcement of a memorandum of understanding with Korea Hydro & Nuclear Power to collaboratively advance its advanced nuclear technology, including the development of Aurora powerhouses. The partnership aims to support the deployment of a 75-MWe Aurora powerhouse at the Idaho National Laboratory site, amidst Oklo's growing order pipeline that exceeds 14 GW. Despite this strong performance, analysts suggest that there are AI stocks with even greater potential for returns.
Source: YAHOO
Reported 3 months ago
Warner Bros. Discovery, Inc. (WBD) saw a 4.92% increase in share price on Wednesday, closing at $10.02, after announcing that CNN COO David Leavy would return to the company. Leavy, previously a key executive at WBD, had been credited for stabilizing CNN during his tenure. His return is viewed as a positive signal for WBD's future, even as some analysts suggest greater potential in AI stocks.
Source: YAHOO
Reported 3 months ago
QuantumScape Corporation (NYSE:QS) experienced an 8.48% increase in share prices on Wednesday, closing at $4.3285, driven by optimistic investor sentiment over anticipated growth in electric vehicle (EV) sales this year. This optimism stems from the expectations surrounding the potential end of EV tax credits, as highlighted by a Princeton University study suggesting a surge in EV sales before any policy changes. Despite this growth, the study warns of a significant decline in sales by 40% without tax credits, indicating potential overcapacity in battery cell manufacturing in the long term.
Source: YAHOO
Reported 3 months ago
Unity Software Inc. saw its stock rise by 12.52% on Wednesday, closing at $24.54, despite a lack of new catalysts. The company reported a 73% reduction in net loss for the first quarter to $77.9 million, although revenues fell by 5.4% year-over-year. Looking ahead, Unity aims for second-quarter revenues between $415 million and $425 million, bolstered by the recent launch of its AI-powered platform, Vector, which is intended to enhance performance and insights across its ecosystem.
Source: YAHOO
Reported 3 months ago
Abercrombie & Fitch Co. (NYSE:ANF) saw its shares rise by 14.67% on Wednesday, closing at $88.47, driven by a positive investor outlook following a 7.5% increase in net sales for Q1, amounting to $1.097 billion, despite a challenging market. The Hollister brand performed particularly well, showing a 22% increase in sales, although Abercrombie's own sales fell by 4%. Despite a 29% drop in net income to $80.4 million, CEO Fran Horowitz noted that this figure surpassed expectations, and the company now anticipates sales growth of 3-6% for the year.
Source: YAHOO
Reported 3 months ago
On Wednesday, Box, Inc. (NYSE:BOX) experienced a substantial stock increase of 17.23%, closing at $36.86, driven by encouraging forecasts from the company and market analysts. Although the company's net income fell 52% to $8.194 million compared to last year, revenues grew 4.5% and are projected to rise by 8% in Q2 FY 2026. Investment firms like Raymond James and RBC Capital have increased their price targets for the stock, reflecting optimism regarding Box's growth potential.
Source: YAHOO
Reported 3 months ago
Joby Aviation, Inc. (JOBY) experienced a 28.78% surge in its stock price to close at $8.86 following news of a $250-million investment from Toyota Motor Corporation. This funding is part of a $500-million investment aimed at supporting the certification and production of Joby’s electric air taxi, as both companies share a vision for future mobility solutions.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Data shows that global government issuances of US dollar debt have fallen significantly in 2025, driven by Asian and European countries preferring local currency bonds to avoid risks tied to US yield increases and currency fluctuations. The issuance of dollar bonds by non-US sovereigns dropped 19% to $86.2 billion compared to last year, marking a three-year decline. Meanwhile, local currency bond issuances have reached a five-year high of $326 billion, as countries like India and Indonesia cut interest rates, encouraging more domestic debt issuance.
Source: YAHOO
Reported 3 months ago
Sony's CEO announced that the spin-off of its financial services arm will allow it to independently raise funds while continuing to leverage the Sony brand. The move, involving the distribution of over 80% of shares to shareholders, marks a significant milestone as Japan's first partial spin-off with a direct listing in over 20 years, scheduled for September 29. This strategic shift is part of Sony's focus on enhancing its financial capabilities amid a growing emphasis on entertainment as a main profit source.
Source: YAHOO
Reported 3 months ago
Asia's jet fuel exports to the U.S. West Coast are set to reach a one-year high in May, primarily due to refinery outages in California that have increased prices and import demand. With approximately 600,000 metric tons expected to be exported, mostly from South Korea, this surge coincides with the start of the American summer travel season. The unexpected refinery disruptions have led to higher local prices, prompting traders to seek imports from North Asia. As demand increases, the situation highlights vulnerabilities in U.S. fuel supply.
Source: YAHOO
Reported 3 months ago
A Reuters poll indicates that European stocks are anticipated to see a slight increase by the end of 2025, ultimately reaching new heights in 2026, supported by monetary easing and fiscal spending. The STOXX 600 index is forecasted to rise to 557 points by late 2025 and has a target of 570 by mid-2026. However, ongoing trade tensions, particularly between the U.S. and Europe, are causing concerns that may temper this optimistic outlook.
Source: YAHOO
Reported 3 months ago
Former Bank of Japan policymaker Sayuri Shirai has indicated that Japan is likely holding off on selling its substantial U.S. Treasury assets due to the dollar's unmatched status as a global reserve currency, with no viable alternatives offering comparable stability. Japan, along with China, remains one of the largest holders of U.S. Treasuries, and market speculation has risen following a significant sell-off of U.S. Treasury bonds in April. Shirai expressed skepticism about the euro becoming a credible substitute for the dollar and pointed out the increasing trade dominance of China's yuan in Asia.
Source: YAHOO
Reported 3 months ago
In 2025, investors who bought the stock market dip have seen remarkable returns, with the S&P 500 rising an average of 0.36% after down days, the highest rebound in over three decades. Research indicates that the 'buy the dip' strategy has gained traction, with significant retail investments flooding into the market since early April. Notably, President Trump's tariff decisions have also sparked rallies, contributing to a nearly 19% rise in the S&P since its recent low.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
The article analyzes whether now is a good time to invest in the US stock market, highlighting its strengths like strong demographic trends, historical outperformance, and innovation-driven growth against risks including elevated valuations and economic uncertainties. While the US market remains a leader in global equities, investors may benefit from diversifying portfolios to mitigate risks and enhance resilience in a changing economic landscape.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Marks & Spencer's food sales rose 10.8% year-on-year in the 12 weeks to May 17, despite disruptions from a recent cyberattack that affected product availability. NielsenIQ noted an increase in M&S's grocery market share to 3.8%, though sales growth decelerated compared to previous periods. The company paused online clothing orders to manage the situation, anticipating losses of approximately £300 million due to the operational impacts of the attack, which might extend disruptions until July.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Chevron plans to cut nearly 800 jobs in Texas as part of its initiative to reduce up to 20% of its global workforce by the end of 2026. The layoffs will primarily affect employees in Midland County, where the company has significant operations in the Permian Basin, with the layoffs scheduled for July 15. This decision follows the company's earlier announcement of job cuts in California and comes amid pressures from operational challenges, including the revocation of its license in Venezuela.
Source: YAHOO
Reported 3 months ago
New Zealand's dairy company Fonterra has revised its annual profit forecast upwards after reporting a significant third-quarter profit increase, driven by its ingredients channel and consumer operations. The company's shares rose by 0.9% to NZ$4.6. Fonterra anticipates stable market demand and predicts a farmgate price of NZ$10 per kilogram of milk solids for the upcoming season. CEO Miles Hurrell noted ongoing geopolitical uncertainties, but expressed optimism about future earnings. The expected earnings per share for the year-end has been adjusted to between 65 and 75 cents, surpassing earlier projections.
Source: YAHOO