Reported 3 months ago
Toyota plans to transfer some GR Corolla production from Japan to a dedicated line in Britain, investing approximately $56 million to enhance export capabilities for North America. This strategic move aims to capitalize on excess capacity in the UK and alleviate long delivery wait times for the popular sports car, amidst strong domestic demand. While production will begin in mid-2026 at the Burnaston plant, Toyota maintains that the shift is not a response to recent tariff changes by the U.S. government.
Source: YAHOO
Reported 3 months ago
The U.S. dollar faltered as worries over a major tax and spending bill intensified concerns regarding U.S. debt, with investor confidence in American assets diminishing. The euro gained after President Trump postponed tariffs on Europe, while the yen rose amid potential interest rate hikes by the Bank of Japan. As the U.S. Senate prepares to debate the tax-cut bill that could worsen the nation's debt by approximately $3.8 trillion in the next decade, market analysts express pessimism about the global economic outlook.
Source: YAHOO
Reported 3 months ago
Volvo Cars has announced plans to cut 3,000 jobs, primarily in white-collar positions, as part of a restructuring aimed at addressing high costs, reduced demand for electric vehicles, and ongoing trade uncertainties. This substantial downsizing, representing about 15% of its office workforce, comes as the company seeks to stabilize its share price and improve operational efficiency. The layoffs will predominantly affect employees in Gothenburg and are part of a broader initiative to achieve cost savings of approximately 18 billion Swedish crowns.
Source: YAHOO
Reported 3 months ago
Hedge funds are increasing their bets on the South Korean won, hoping it will follow the Taiwanese dollar's recent rise against the US dollar. Recent data shows a significant spike in options trading for the dollar-won pair, with hedge funds showing a preference for put options amid speculation of currency direction discussions between Korea and the US. Investor interest in the won is fueled by expectations of strong trade performance and economic shifts in the region.
Source: YAHOO
Reported 3 months ago
China's industrial profits saw a 1.4% increase in the January-April period, with a notable 3% rise in April alone, indicating the effectiveness of recent stimulus measures despite ongoing trade tensions with the United States. While state-owned enterprises faced a decline in profits, private and foreign companies reported growth. Analysts warn that challenges such as insufficient demand and global uncertainties persist, potentially impacting the recovery.
Source: YAHOO
Reported 3 months ago
Asian shares saw a decline on Tuesday, trading within a narrow range as U.S. markets remained closed for Memorial Day. Key indices across the region experienced slight decreases, with the Nikkei 225 down 0.2% amidst inflation concerns in Japan. U.S. futures were up, but oil prices slipped ahead of consumer confidence and housing data set to be released. The market was also influenced by international trade negotiations and potential tariff adjustments by the U.S. government.
Source: YAHOO
Reported 3 months ago
Nvidia shares are gaining attention as the AI chipmaker prepares to release its earnings report after the market closes on Wednesday. Investors should keep an eye on critical price levels, with potential resistance around $143 and $150, and support near $121 and $115. After a recent rally, Nvidia's stock is navigating through a flag pattern, suggesting an uptrend continuation, while monitoring revenue growth and sales to China remains crucial.
Source: YAHOO
Reported 3 months ago
Volvo Cars, based in Sweden, announced it will eliminate 3,000 jobs as part of a cost-reduction strategy due to challenges in the automotive industry, including economic uncertainties and trade tensions. Approximately 1,200 job cuts will affect workers in Sweden, with an additional 1,000 positions held by consultants also to be eliminated. The company aims to strengthen its financial position in light of rising raw material costs and declining markets.
Source: YAHOO
Reported 3 months ago
After a significant fire at one of its data centers in Oregon, social media platform X faced major outages affecting user logins and sign-up processes. The fire, reportedly caused by a battery issue, has led to cascading technical problems that the company is actively working to resolve. Elon Musk announced he is refocusing on X and other business ventures, contributing to a limited response capacity. Despite these challenges, X has indicated that service improvements are needed to prevent similar future incidents.
Source: YAHOO
Reported 3 months ago
The European Union's chief trade negotiator reported 'good calls' with Trump administration officials as tariff negotiations recommence. Following a weekend conversation between President Trump and European Commission President Ursula von der Leyen, Trump postponed a proposed 50% tariff on EU goods from June 1 to July 9, signaling a desire for continued dialogue. However, significant hurdles remain as the EU prepares retaliatory measures against US goods if a trade deal isn’t reached, with both sides aiming for constructive discussions in the upcoming weeks.
Source: YAHOO
Reported 3 months ago
A gauge for emerging-market currencies increased as President Trump extended a tariff deadline for the European Union, which boosted risk appetite in thin trading conditions due to holidays in the US and UK. The MSCI gauge for EM FX hit a record high of 0.4%, while the dollar hovered near a two-year low. Despite mixed outcomes in developing-nation currencies, analysts noted that the weakening dollar supports emerging markets. South Korea’s stocks notably rose, contrasting with overall declines in broader equity indices.
Source: YAHOO
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