Reported 3 months ago
The EU's chief trade negotiator reported positive discussions with U.S. officials following President Trump's decision to postpone a proposed 50% tariff on European goods. Both parties aim to finalize a trade agreement by July 9, with ongoing talks highlighting the importance of their $1.8 trillion trading relationship. The EU has proposed eliminating tariffs on industrial goods, but the U.S. maintains a minimum tariff baseline.
Source: YAHOO
Reported 3 months ago
Nvidia's AI chips have been instrumental in fueling a $306.5 billion investment boom in AI startups, accounting for nearly half of all US venture capital investments since the rise of ChatGPT in late 2022. As AI companies represent over 70% of recent venture capital deals, Nvidia's GPUs have established significant market demand, leading to a remarkable 670% rise in its stock value. Analysts project continued growth in Nvidia's earnings, reflecting its central position in the ongoing AI revolution.
Source: YAHOO
Reported 3 months ago
King Charles III arrived in Canada to inaugurate a new parliamentary session and signal support for the nation's sovereignty amidst tensions caused by US President Donald Trump's comments. The visit included royal pageantry, a ceremonial tree planting, and a throne speech outlining Canadian Prime Minister Mark Carney's government priorities, particularly in establishing a robust economic and security relationship with the US and other allies.
Source: YAHOO
Reported 3 months ago
US prosecutors have requested financial documents from Builder.ai as the AI company faces scrutiny over claims of overstated sales, leading to its eventual insolvency. Following leadership changes and allegations from former employees that sales figures were inflated by 300%, Builder.ai announced it would cease operations and appoint an administrator. The investigation highlights concerns about the company’s financial practices prior to its collapse.
Source: YAHOO
Reported 3 months ago
Major retailers like Walmart, Costco, and Dollar General are venturing into the gas station industry, responding to persistent consumer demand for fuel while the electric vehicle market develops slowly. Walmart plans to open over 45 new gas stations this year, while Costco is extending the hours of its fuel centers. These moves reflect a strategic shift among retailers as they seek competitive advantages and respond to changing consumer needs, including the potential future integration of EV charging stations.
Source: YAHOO
Reported 3 months ago
TD Cowen has raised its price target for Analog Devices, Inc. (NASDAQ:ADI) from $200 to $250, maintaining a 'Buy' rating following the company’s latest earnings report. Analyst Joshua Buchalter noted that while there are concerns over order fulfillment and tariffs affecting the semiconductor industry, ADI is well-positioned due to strong demand signals and innovative practices. The company anticipates revenue of $2.75 billion for Q3 2025 and overcomes challenges with robust inventory management.
Source: YAHOO
Reported 3 months ago
Oil prices showed volatility as markets reacted to reduced trade tensions while being wary of a potential increase in OPEC+ supply. Brent crude remained just under $65 a barrel after President Trump postponed higher tariffs on the EU, although concerns about OPEC+ production strategies and weakened demand outlook continued to pressure prices. Meanwhile, positive discussions between the US and Iran regarding nuclear limitations were ongoing.
Source: YAHOO
Reported 3 months ago
U.S. stock futures and European shares rose on Monday after President Trump postponed the implementation of new tariffs on the EU until July 9, allowing further negotiations. The EU's Ursula von der Leyen expressed readiness to engage in discussions, stabilizing market sentiments following a previous decline sparked by Trump's tariff threats. Despite this temporary relief, analysts suggest that a trade agreement will likely result in minimal economic impact on the EU.
Source: YAHOO
Reported 3 months ago
This article discusses three high-flying stocks—Snowflake, Robinhood, and CAVA—each with significant growth potential. Snowflake offers data warehousing services and has seen impressive revenue growth, while Robinhood is focusing on monetization strategies to boost its profitability. CAVA, a fast-casual restaurant chain, is expanding rapidly with strong same-store sales. Despite their high valuations, these companies are positioned for long-term success.
Source: YAHOO
Reported 3 months ago
A 31-year-old hedge fund professional has gained attention for stating that despite having over $13 million in assets, he continues to work every day because he enjoys the thrill of the job. Posting on Reddit, he mentioned that money has become meaningless to him, emphasizing that he derives satisfaction from excelling in his field rather than the financial rewards. His monthly expenses are high, but he believes he would still choose to work even if he won a billion-dollar lottery, highlighting his passion for finance.
Source: YAHOO
Reported 3 months ago
Trump Media & Technology Group, founded by former President Donald Trump, is reportedly seeking to raise $3 billion to invest in cryptocurrencies, including Bitcoin. The company aims to secure $2 billion in equity and $1 billion through convertible bonds, with potential changes to the capital raising plans. The firm has been exploring opportunities in financial services, including launching retail investment products tied to cryptocurrencies. The announcement may coincide with a significant crypto investors meeting where Trump’s son and Vice President JD Vance are expected to speak.
Source: YAHOO
Reported 3 months ago
European stocks began the week on a positive note, recovering from previous losses after President Trump delayed the 50% tariff threat on the EU. The pan-European STOXX 600 index rose by 1% following the extension of the tariff deadline to July 9. Notably, sectors like automobiles and defense saw significant gains, with companies like Rheinmetall and Leonardo contributing to the positive momentum. However, caution remains as investors express concerns over ongoing trade tensions and the U.S. economic slowdown.
Source: YAHOO
Reported 3 months ago
A German court has convicted four former Volkswagen managers of fraud related to the emissions scandal that began nearly a decade ago. The former head of diesel development received a 4.5-year prison sentence, while the head of drive train electronics was sentenced to 2 years and 7 months. Two others received suspended sentences. The scandal involved the manipulation of emissions controls, leading to significant fines and compensation costs for the company.
Source: YAHOO
Reported 3 months ago
Apple's stock has hit an 8-day losing streak after President Trump threatened to impose tariffs unless iPhones are manufactured in the U.S. The shares have dropped 22% in 2025 and face key support levels at $193 and $169, along with resistance levels at $215 and $237. Technical analysis indicates further volatility could follow, reflecting the challenges Apple faces amid changing trade policies.
Source: YAHOO
Reported 3 months ago
The surge in Nvidia's stock amid the AI gold rush raises environmental concerns as the demand for AI chips and data centers leads to a significant increase in electricity consumption, primarily from fossil fuels. Despite strong financial forecasts, analysts warn that the industry's rapid growth could hinder climate goals, with projections indicating that AI chipmaking electricity needs may rival the total consumption of countries like Argentina by 2027. Experts emphasize the importance of transitioning to sustainable energy sources to mitigate the environmental impact.
Source: YAHOO
Reported 3 months ago
Analog Devices (ADI) has recently received a Zacks Rank #2 (Buy) upgrade, marking a positive shift due to increased earnings estimates. This rating upgrade signals an improving business outlook for the company, which is expected to bolster investor confidence and potentially drive the stock price higher. Historical data shows a strong link between earnings estimate revisions and stock performance, suggesting that monitoring these changes could be beneficial for investors.
Source: YAHOO
Reported 3 months ago
Five9's stock has dropped 36.1% in the last six months, underperforming the tech sector and its peers due to extended enterprise sales cycles and economic uncertainty. Despite this, Five9 reported strong first-quarter results, driven by demand for its AI solutions and strategic partnerships, particularly with Salesforce and Microsoft. With positive revenue guidance for the upcoming quarters and a strong Zacks Rank of #2, analysts are optimistic about the company's long-term prospects, suggesting it may be a good time for investors to consider buying shares.
Source: YAHOO
Reported 3 months ago
Jim Cramer provided insights on Nucor Corporation (NYSE:NUE), highlighting its potential as a long-term investment despite concerns about a possible recession affecting stock performance. He described Nucor as a solid company but cautioned that short-term fluctuations may occur. Cramer also noted that while NUE ranks 10th among stocks he discusses, he believes AI stocks may offer even greater returns.
Source: YAHOO
Reported 3 months ago
This week presents critical changes in global commodity markets as chicken supply faces disruptions from bird flu in Brazil, impacting key export revenues. In the U.S., gasoline demand has plummeted to a five-year low, posing challenges for refiners ahead of summer. The approaching hurricane season is expected to bring an above-average number of storms, with natural disasters worldwide costing trillions. Additionally, the Democratic Republic of the Congo is leveraging its cobalt production in the U.S.-China trade war, while challenges in clean energy subsidies could hinder the transition to renewable sources.
Source: YAHOO
Reported 3 months ago
The euro reached a one-month high against the U.S. dollar after President Trump postponed proposed 50% tariffs on EU imports, while investors remain cautious about ongoing trade negotiations. The euro climbed to $1.1418, marking a 10% gain in 2025, amid a broader decline in the dollar as investors shift focus to non-U.S. markets. European Central Bank President Christine Lagarde suggested the euro could enhance its position as a global currency if the EU strengthens its financial stability.
Source: YAHOO
Reported 3 months ago
The European Union has agreed to accelerate trade negotiations with the United States to prevent a trade war, following a phone call between President Trump and Commission President Ursula von der Leyen. While both sides aim to find common ground, tensions remain due to unclear demands and ongoing disputes. Trump's threatened tariffs could significantly impact US-EU trade, prompting the EU to prepare countermeasures. As the deadline approaches, calls for a balanced resolution grow.
Source: YAHOO
Reported 3 months ago
European Central Bank President Christine Lagarde emphasized the opportunity to strengthen the euro's international role amidst President Trump's unpredictable policies. In a recent speech, she highlighted that addressing long-standing issues within the European Union could lead to lower borrowing costs and better protection from currency volatility. Lagarde called for a commitment to open trade, the completion of the single market, and more joint financing in Europe to boost investor confidence and enhance the euro's status alongside the dollar.
Source: YAHOO
Reported 3 months ago
Global markets saw an uptick, and the euro strengthened after U.S. President Donald Trump postponed potential 50% tariffs on European Union goods until July. This decision, made following discussions with European Commission President Ursula von der Leyen, alleviated immediate trade tensions and highlighted the unpredictable nature of Trump's economic policies. As investors reassess their strategies in light of a possible U.S. recession, analysts note a shift toward European and Asian markets, while the dollar weakened slightly against other currencies.
Source: YAHOO
Reported 3 months ago
Nvidia is set to announce its Q1 earnings on May 28, 2025, amidst CEO Jensen Huang's unveiling of new projects, including humanoid robotics and the NVLink Fusion program. Analyst Stacy Rasgon highlights concerns over U.S. AI chip export bans to China, potential impacts on revenue, and challenges in the Blackwell transition. Despite investors worrying about a possible peak in capital expenditure, companies are still increasing their budgets, signaling optimism for future growth.
Source: YAHOO
Reported 3 months ago
As $74 billion exited equity mutual funds in April, retail investors capitalized on market dips, resulting in a swift recovery of the S&P 500, the fastest since 1982. Retail inflows exceeded $50 billion since early April, with investors reaping nearly 12% returns by mid-May. Unlike institutional investors, who faced career risks tied to performance benchmarks, retail investors enjoyed the flexibility of a long-term perspective, effectively navigating the volatility.
Source: YAHOO