Reported 3 months ago
Alfa Romeo is reportedly delaying the launch of its new Stelvio SUV due to sluggish demand for electric vehicles and a reassessment of its strategies. Originally set to debut later this year, deliveries are now expected to start in September or October 2026. The automaker, part of Stellantis, is also developing a hybrid version, diverging from its initial full-electric plans, while overall market conditions and regulatory uncertainties are influencing their production plans in Italy.
Source: YAHOO
Reported 3 months ago
C3.ai saw its stock price increase by more than 25% following the release of its strong fourth-quarter results, which exceeded analysts' expectations. The company reported a revenue increase of 26% to $108.7 million and a narrower loss of $0.16 per share, driven by significant demand for its generative AI products. Additionally, C3.ai renewed and expanded its partnership with Baker Hughes, focusing on collaborative efforts to enhance operational efficiency in the oil and gas sector.
Source: YAHOO
Reported 3 months ago
Business Insider is laying off approximately 21% of its workforce as revealed in an internal memo, attributed to declining search traffic and the rise of generative AI tools like ChatGPT. Despite improving revenue per website visit, CEO Barbara Peng highlighted that a significant portion of the business remains sensitive to traffic fluctuations. The company is pivoting to enhance AI adoption and is refocusing its content strategy, while also launching a new events initiative called BI Live.
Source: YAHOO
Reported 3 months ago
Holcim's CEO has stated that uncertainty regarding tariffs will not impede the company's plans for expansion in the United States. A recent court ruling against broad import duties imposed by President Trump has created market excitement but also uncertainty for businesses. However, Holcim's strategy to focus on the local market means they expect no impact from tariffs. The company is set to spin off its North American business, Amrize, by the end of June to capitalize on increased construction spending.
Source: YAHOO
Reported 3 months ago
Nvidia's latest quarterly earnings exceeded analysts' expectations despite facing challenges from export controls in China. The chipmaker's stock price increased nearly 5%, surpassing Microsoft to become the world's most valuable company. Analysts from firms such as Oppenheimer, Bank of America, and UBS praised Nvidia's strong positioning in the AI market, with several raising their price targets for the stock, signaling continued confidence in its growth prospects.
Source: YAHOO
Reported 3 months ago
In a statement at the 2025 Mackinac Policy Conference, Chicago Federal Reserve President Austan Goolsbee indicated that the U.S. central bank might lower interest rates if significant tariffs are avoided, which could help reveal the underlying strength of the economy. He compared the economic impact of tariffs to a layer of fat obscuring well-defined abs, suggesting that removing tariffs could reveal a healthier economic situation. Despite uncertainty around trade policies affecting business decisions, Goolsbee noted that conditions were stable prior to recent tariffs and inflation was nearing the Fed's 2% target.
Source: YAHOO
Reported 3 months ago
E.l.f. Beauty exceeded profit and sales forecasts, reporting a 4% increase in revenue to $332.6 million for fiscal Q4 2025, and announced the acquisition of Hailey Bieber's skincare line, Rhode, for potentially up to $1 billion. The deal includes $800 million in cash and stock at closing, with an additional $200 million contingent on Rhode's growth over three years. CEO Tarang Amin expressed confidence that this acquisition will bolster their portfolio of innovative brands, with Bieber taking on a key role in the merged company.
Source: YAHOO
Reported 3 months ago
Victoria's Secret has temporarily taken down its U.S. website and limited in-store services due to a 'security incident.' The lingerie company has not revealed specifics about the incident or whether it involves a cyber attack, but assures customers that efforts are ongoing to restore operations. Most reports of issues emerged Wednesday, with the company notifying customers that it is attempting to fulfill prior orders amid extended return windows.
Source: YAHOO
Reported 3 months ago
Vanguard Group has announced a significant expansion of its 'Investor Choice' proxy voting program, increasing the number of eligible investors from 3 million to 10 million. This initiative aims to reduce Vanguard's direct influence on shareholder elections by allowing investors to select from various policy options instead of direct votes for specific companies. The program now includes four additional equity index funds, raising the total eligible assets to nearly $1 trillion.
Source: YAHOO
Reported 3 months ago
JetBlue Airways and United Airlines have unveiled a new collaboration named 'Blue Sky', offering reciprocal loyalty program benefits such as priority boarding and access to preferred seating. This partnership will allow both airlines to sell flights on each other's platforms while also exchanging flight schedules at Newark Liberty International Airport and providing United with flight slots at JFK Airport starting in 2027.
Source: YAHOO
Reported 3 months ago
ArcBest has appointed Mac Pinkerton, a former president at C.H. Robinson, as the new chief operating officer of its asset-light logistics division, following the retirement of Steven Leonard. This move aims to address ongoing challenges faced by the business, which has been experiencing operating losses during a prolonged freight recession. Pinkerton’s extensive experience in the logistics sector is expected to bring renewed value to ArcBest's operations.
Source: YAHOO
Reported 3 months ago
Nvidia's stock experienced a 5% increase after the release of its mixed first-quarter earnings report, which exceeded analysts' revenue expectations despite an $8 billion revenue hit from US-China export restrictions. CEO Jensen Huang highlighted the strong demand for AI infrastructure, stating Nvidia remains a key player in the AI revolution, even as the company navigates significant sales losses due to export limitations to China.
Source: YAHOO
Reported 3 months ago
US President Donald Trump outlined a potential nuclear deal with Iran that would permit the US to destroy nuclear-related infrastructure within the country. Despite expressing optimism about swift negotiations, experts believe Trump's harsh proposals may jeopardize peace talks, as Iranian officials firmly reject any notion of allowing US access to their nuclear facilities. Tensions remain high, with both sides having vastly different expectations for a prospective agreement.
Source: YAHOO
Reported 3 months ago
油价因美国经济数据疲软和供应增加的担忧而下滑，这些因素削弱了由于法院裁决阻止特朗普政府一系列关税带来的乐观情绪。西德克萨斯中质原油价格一度下降2.1%，在61美元附近交易，市场预计OPEC+将于周六增加供给。尽管近期油价在关税裁决后曾一度上涨，但市场对需求增长的担忧，特别是特朗普的关税政策对全球经济的影响，依然在施压油价。
Source: YAHOO
Reported 3 months ago
Burlington Stores reported first-quarter profits exceeding expectations, earning $1.67 per share compared to $1.42 last year, but anticipates 'significant pressure' on merchandise margins due to tariffs. While comparable sales and revenue were lower than analysts predicted, CEO Michael O’Sullivan remains optimistic about managing these pressures, affirming the company's overall yearly outlook. Burlington projects modest growth for the second quarter, with analysts expecting even higher revenue increases.
Source: YAHOO
Reported 3 months ago
The US Court of International Trade has ruled that several of President Trump's tariffs, particularly those against Canada, Mexico, and China, are illegal, highlighting a misuse of authority. Former trade representative Greta Peisch suggests the administration may explore other legal avenues or legislative support to reinstate its tariff agenda as it seeks to maintain leverage in ongoing trade negotiations.
Source: YAHOO
Reported 3 months ago
In April, housing contract activity experienced a significant downturn as high mortgage rates and tariff uncertainties impacted buyer confidence. The Pending Home Sales Index dropped 6.3% month-over-month to 71.3, deviating sharply from expectations of a minimal decline. With inventory levels rising, nearly 1 million homes were active on the market, yet prices remained elevated and mortgage rates hovered above 6%, leaving many potential buyers unable to enter the market. Experts highlighted that lower mortgage rates are critical for reigniting home sales.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
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