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
Reported 3 months ago
U.S. stock futures surged and the dollar strengthened against safe-haven currencies following a federal court's decision to block President Trump's proposed tariffs. Market analysts noted this ruling could spark further legal battles, but it temporarily lifted risk sentiment among investors, suggesting positive implications for U.S. economic growth. While the administration plans to appeal the ruling, the market's initial reaction indicates optimism towards clearer trade conditions.
Source: YAHOO
Reported 3 months ago
Boeing's CEO Kelly Ortberg announced that the company aims to complete certification for the 737 MAX variants by the end of the year, pending approval from the FAA. The MAX 7 and MAX 10 models have faced delays due to engine de-icing concerns, but the company hopes to begin deliveries soon, crucial for their customer demand and backlog of orders. Additionally, progress is being made on certifying the 777-9, expected to start deliveries next year.
Source: YAHOO
Reported 3 months ago
在美国法院阻止特朗普对其他国家征收进口关税后，美元对主要货币汇率上涨，缓解了此前因贸易不确定性而受到的压力。虽然美元在初期剧烈反弹后有所回落，但分析师表示，如果关税完全取消，美元有望进一步升值。然而，由于仍需面对长时间的法院斗争，市场对美元的持续上涨并不乐观。
Source: YAHOO
Reported 3 months ago
Asian markets and Wall Street futures rebounded following a U.S. federal court's decision to block President Trump's 'Liberation Day' tariffs, deeming them overreach of his authority. The ruling sparked optimism among investors, pushing the Japanese Nikkei up 1.7% and South Korean shares to a nine-month high. The White House plans to appeal the ruling, but it may deter U.S. trading partners from engaging in negotiations, as market sentiment flourished with the news.
Source: YAHOO
Reported 3 months ago
A panel of judges at the US Court of International Trade ruled that President Trump's global tariffs, justified under an emergency economic law, were illegal, marking a significant setback for his economic agenda. The ruling sided with Democratic-led states and small businesses who argued the tariffs were misapplied, and the administration plans to appeal. The decision halts most of Trump’s tariffs, impacting international trade and economic conditions.
Source: YAHOO
Reported 3 months ago
Paramount Global has proposed a $15 million settlement concerning a lawsuit by Donald Trump against CBS News, though negotiations are ongoing with Trump's team demanding over $25 million and an apology. Amidst this, Paramount plans to appoint three new directors to its board to ensure stability in case the settlement fails. The lawsuit stems from claims that CBS edited an interview to favor the Democratic Party during the election.
Source: YAHOO
Reported 3 months ago
Elon Musk has exited the Trump administration following a tumultuous period aimed at downsizing the government, according to an Associated Press source.
Source: YAHOO
Reported 3 months ago
The Trump administration has rescinded a $2.92 billion partial loan guarantee to Sunnova Energy, a residential solar panel installer, as the company faces debt restructuring and financial challenges. Initially announced under the Biden administration to support solar installations for low-income homeowners, Sunnova has opted not to utilize this funding due to rising financing costs. The Department of Energy's review of alternative energy financing continues amidst broader shifts in government energy policy.
Source: YAHOO
Reported 3 months ago
The Trump administration has canceled a substantial contract with Moderna aimed at the late-stage development of its bird flu vaccine for humans, alongside the option for the government to purchase doses. Initially supported by $590 million from the Biden administration and an additional $176 million from the U.S. Department of Health and Human Services, the project faced scrutiny and was deemed to not meet federal standards for continued investment. This decision raises concerns about public health preparedness as bird flu continues to pose risks.
Source: YAHOO