Reported 7 days ago
A.O. Smith Corporation (AOS), which manufactures various heating and water treatment products, is set to release its Q2 earnings on July 22. Analysts anticipate a non-GAAP earnings report of $0.97 per share, reflecting an 8.5% decline compared to the previous year. Over the past year, AOS stock has decreased by 15.5%, underperforming benchmark indices. Despite mixed results in recent quarters, the consensus from analysts leans towards a 'Hold' rating, with a modest price target suggesting potential growth.
Source: YAHOO
Reported 7 days ago
Australian retail sales increased slightly by 0.2% in May, marking a fourth consecutive month of minimal growth, primarily due to rising clothing sales but offset by a decline in food sales. This trend raises significant concerns regarding household demand and bolsters predictions of an impending interest rate cut by the Reserve Bank of Australia, with investors predicting a 96% likelihood of a quarter-point reduction next week. The economy's sluggish performance, combined with a drop in consumer sentiment, underscores the need for further monetary easing to stimulate growth.
Source: YAHOO
Reported 7 days ago
Federal Reserve Chair Jerome Powell maintains that the central bank will keep its key interest rate unchanged as it assesses the economic impact of President Trump's tariffs, despite ongoing criticism from the White House advocating for lower borrowing costs.
Source: YAHOO
Reported 7 days ago
As former President Trump escalates his attacks on the Federal Reserve, Chair Jerome Powell stands firm, refusing to alter the Fed's current policies.
Source: YAHOO
Reported 7 days ago
Asian markets showed a mixed performance as the July 9 deadline for U.S. trade agreements approaches, stirring concerns over potential tariff increases. Japan's shares fell initially but rebounded slightly, while Hong Kong's Hang Seng rose and South Korea's KOSPI declined due to inflation fears. U.S. markets faced pressures from a falling Tesla amid rising tensions between CEO Elon Musk and President Trump, impacting investor sentiment. Despite earlier gains in the U.S. stock market, uncertainties regarding tariffs and economic policies persist.
Source: YAHOO
Reported 7 days ago
As markets brace for the U.S. re-imposition of tariffs on July 9, investor focus remains on interest rate paths and emerging trade deals, particularly after the Senate's passage of Trump's tax bill. The Federal Reserve's commitment to evaluate tariff impacts before adjusting rates adds to uncertainty, leaving investors anticipating upcoming economic indicators. Despite recent gains for the euro, discussions about its potential to replace the dollar as the world's reserve currency are ongoing, with central bankers expressing skepticism about any immediate challenges to the dollar's dominance.
Source: YAHOO
Reported 7 days ago
Asian stocks experienced a downturn while the dollar approached a 3.5-year low as investors weighed the potential for U.S. interest rate cuts and impending trade negotiations linked to Trump's tariff deadline. Despite a resilient U.S. labor market, uncertainty surrounding trade deals and fiscal policy has contributed to a bearish outlook on the dollar, with investors shifting focus to safer asset options.
Source: YAHOO
Reported 7 days ago
A credit card charge-off occurs when a debt remains unpaid for an extended period, typically 120 to 180 days, and the creditor considers it uncollectible. While this classification does not eliminate the debt or your responsibility to pay it, it significantly harms your credit score and may lead to collection actions. Charge-offs stay on credit reports for up to seven years, but paying off the debt can improve your status despite not removing the mark. Avoiding charge-offs is crucial, and if you're struggling, contacting your creditor for support is advisable.
Source: YAHOO
Reported 7 days ago
Recent findings from Bankrate’s Economic Indicator Poll show that U.S. economists expect the unemployment rate to increase to 4.6% by June 2026, the highest level since September 2021, as high interest rates and economic uncertainties affect the job market. This forecast follows three consecutive quarters of downgraded labor market projections, highlighting concerns about recession risks, inflation levels, and slower job creation rates. Despite optimism from some economists that job increases could exceed 100,000 monthly, overall expectations indicate a cooling labor market ahead.
Source: YAHOO
Reported 7 days ago
Oil futures remained relatively stable as markets responded to anticipated supply increases from OPEC+ next month and mixed economic signals from the U.S. Brent crude slightly decreased to $67.07 a barrel, while West Texas Intermediate dipped to $65.36. Recent data indicated a rise in U.S. crude inventories, countering summer demand trends. Analysts suggest that recent supply increases by OPEC+ are already accounted for in market prices, and a weaker U.S. dollar could support oil demand. Upcoming U.S. payroll data may influence future economic activity and oil demand.
Source: YAHOO
Reported 7 days ago
Del Monte Foods Corporation has filed for Chapter 11 bankruptcy, listing liabilities exceeding $1 billion and over 10,000 creditors, making it one of the largest food shipper bankruptcies in recent years. Uber Freight, listed as Transplace in the bankruptcy filing, is the second-largest unsecured creditor owed over $9 million for its services. The case highlights challenges for logistics providers in securing repayment amid uncertainty, although they may negotiate payment for post-filing services.
Source: YAHOO
Reported 7 days ago
Goldman Sachs has appointed Raghav Maliah as the global chairman of investment banking, a role he will assume alongside his current regional duties. Maliah, who continues as co-head of mergers & acquisitions in Asia Pacific and leads the Technology, Media, and Telecommunications Group in the region, has been with the firm since 2000. His promotion aligns with Goldman Sachs' strategy to enhance its presence in the investment banking sector across Asia.
Source: YAHOO
Reported 7 days ago
Source: WSJ
Reported 7 days ago
Ford's stock surged on Tuesday, achieving a 7-month high after reporting a 14.2% increase in U.S. sales for the second quarter. The breakout occurred from an ascending triangle pattern, signaling potential continued upward momentum. Investors should observe crucial resistance levels at $11.50, $13, and $13.60, with a notable support level near $10.30 amid concerns over future new car sales due to tariff costs.
Source: YAHOO
Reported 7 days ago
BHP Group has signed a charter contract with China's COSCO Shipping for two ammonia dual-fuel Newcastlemax bulk carriers, expected to be delivered from 2028 for a five-year period. These vessels will primarily transport iron ore from Western Australia to Northeast Asia and are designed to reduce greenhouse gas emissions significantly compared to traditional fuel sources as part of BHP's strategy to lower shipping emissions.
Source: YAHOO
Reported 7 days ago
KKR, a private equity firm, is set to acquire ProTen, one of Australia's leading broiler chicken producers, from Aware Super, though financial details remain undisclosed. Established in 2001 and managing over 700 poultry sheds across more than 60 farms, ProTen has been under Aware Super's ownership since 2018. The acquisition will be funded through KKR's Asia Pacific Infrastructure Investors II Fund, which has grown to approximately $13 billion since its launch in 2019. The deal is expected to finalize later this year, pending regulatory approvals.
Source: YAHOO
Reported 7 days ago
Del Monte Foods has filed for Chapter 11 bankruptcy in the United States, initiating a search for a buyer while securing $912.5 million in financing to maintain operations throughout the process. The company, known for its canned goods and other food brands, estimates its assets and liabilities between $1 billion and $10 billion, with a significant number of creditors involved. CEO Greg Longstreet stated that this strategic move is aimed at expediting the company's turnaround.
Source: YAHOO
Reported 8 days ago
The Trump administration informed a federal appeals court that they cannot find Jordin Alexander Melgar-Salmeron, a man mistakenly deported to El Salvador, despite a court order to return him to the U.S. following administrative errors. Melgar-Salmeron is currently wanted by Salvadoran authorities on serious charges, and while efforts to locate him continue, the government has not committed to facilitating his return despite the court's directive.
Source: YAHOO
Reported 8 days ago
Domino’s Pizza Enterprises Ltd. saw its shares drop to their lowest level since 2014 following the announcement that CEO Mark van Dyck will resign after only one year. The stock fell 16% after the news, prompting billionaire Jack Cowin to become the interim executive chairman. This departure follows a year of significant changes in leadership, and the company is currently searching for a new CEO while facing operational challenges.
Source: YAHOO
Reported 8 days ago
The U.S. Federal Trade Commission (FTC) is seeking additional information regarding SoftBank Group Corp's proposed $6.5 billion acquisition of Ampere Computing, which could lead to a prolonged government review. This acquisition, announced in March, is part of SoftBank's strategy to enhance its investments in artificial intelligence infrastructure.
Source: YAHOO
Reported 8 days ago
UnitedHealth Group's stock has faced significant declines in 2025, dropping nearly 40% year-to-date, primarily due to disappointing earnings, increased costs, and operational issues. Despite these challenges, analysts maintain a 'Moderate Buy' consensus, noting that the stock offers potential upside given its low valuation metrics and a stable dividend history. The company aims for future growth while preparing for upcoming earnings reports amidst current market volatility.
Source: YAHOO
Reported 8 days ago
The U.S. dollar is trading near its lowest levels since February 2022 as the Federal Reserve's dovish stance and President Trump's proposed spending bill come under scrutiny. Despite some recovery after positive labor market data, the dollar is influenced by fears of increased government spending and ongoing criticisms directed at Fed Chair Jerome Powell from Trump, raising concerns about the Fed's independence.
Source: YAHOO
Reported 8 days ago
Nvidia's stock is recovering well, trading above $150 after a drop earlier in the year due to concerns about its future and tariffs. With its leading position in AI chip production and a projected increase in demand, analysts expect earnings to rise significantly. If Nvidia meets or exceeds projections, reaching $200 is likely by the end of the year, supported by strong revenue growth and new product releases.
Source: YAHOO
Reported 8 days ago
Amgen has announced concerning results from its clinical trial of the GLP-1 drug MariTide, revealing that over a quarter of participants at the highest dosage stopped due to adverse side effects, raising doubts about its viability. As Eli Lilly and Novo Nordisk continue to dominate the GLP-1 market with approved products, investors might prefer these established companies over Amgen, especially since the obesity drug market is projected to reach $200 billion by 2031.
Source: YAHOO