Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Nvidia is set to release its fiscal Q1 earnings amid fluctuating stock prices influenced by export control changes and new Middle Eastern partnerships. Analysts expect earnings per share of $0.88 on revenue of $43.3 billion, a significant increase from last year's figures. The company is also addressing challenges related to previous trade restrictions. CEO Jensen Huang criticized US policies, noting their unintended consequences on competition with China as Nvidia looks to solidify its position in the AI market with new agreements and product offerings.
Source: YAHOO
Reported 3 months ago
European shares rose and U.S. futures surged after President Trump announced a delay on a proposed 50% tariff on EU goods until July 9, following discussions with EU Commission President Ursula von der Leyen. While oil prices increased and major European indices like Germany's DAX and France's CAC 40 saw gains, Asian markets were mixed, with declines in some indexes. This development comes amidst ongoing trade tensions and Trump's recent remarks about tariffs affecting major companies like Apple.
Source: YAHOO
Reported 3 months ago
European shares gained ground after President Trump announced the postponement of a proposed 50% tariff on EU goods until July 9, which boosted U.S. futures as well. While oil prices increased and most Asian shares fell, Germany's DAX and Paris's CAC 40 reported notable gains. This decision followed a call with European Commission President Ursula von der Leyen, emphasizing a willingness to engage in serious trade negotiations. Meanwhile, Apple stocks dropped amid Trump's threats to impose tariffs on iPhones produced outside the U.S.
Source: YAHOO
Reported 3 months ago
Alibaba's newly launched Taobao Instant Commerce portal, which promises delivery within 60 minutes, has exceeded 40 million daily orders in just one month since its debut. This platform integrates merchants from Alibaba's Ele.me food delivery service into its primary Taobao shopping app, reflecting a growing trend among Chinese online retailers to invest heavily in 'instant retail'.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
In Tokyo, global central bankers are gathering to discuss pressing economic issues such as slowing growth and persistent inflation at a conference hosted by the Bank of Japan. The event features key figures from central banks worldwide, focusing on how to navigate the conflicting pressures of volatile markets and U.S. tariffs. Discussions highlight the challenges of managing monetary policy amidst new economic realities and the potential for renewed rate hikes if inflation remains steadily above target.
Source: YAHOO
Reported 3 months ago
This Memorial Day, many Americans may experience increased prices for summer essentials like beer and fireworks due to new tariffs imposed by the Trump administration on imports. While some items might remain stable in price, perishable goods are likely to see immediate price hikes. Retailers, particularly those with pre-tariff inventories, may not raise costs on durable goods like grills just yet. However, local businesses, including breweries, are already feeling the financial strain, prompting some to increase prices. As a result, consumers can expect to pay more for barbecue basics this summer.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: WSJ
Reported 3 months ago
If you're a landlord, you can benefit from five important tax deductions related to your rental property that can help reduce your tax liability. These include deducting rental expenses for repairs and maintenance, claiming a qualified business income deduction, taking property depreciation, accounting for other business-related expenses, and managing losses from rental properties. Understanding these deductions can maximize your tax savings and ensure compliance with IRS regulations.
Source: YAHOO
Reported 3 months ago
OpenAI has announced plans to open its first office in Seoul, driven by the increasing demand for its ChatGPT service in South Korea, which ranks second in paying subscribers after the United States. The company is also hiring staff to foster partnerships in the region and aims to release more details soon.
Source: YAHOO
Reported 3 months ago
Nvidia, after starting 2025 with high expectations, experienced significant volatility due to competition from DeepSeek and government tariffs affecting sales. Following a notable dip in share prices, Nvidia's stock has shown some recovery, now hovering around $131.29. Investors are looking forward to the company’s upcoming fiscal first-quarter results, hoping for positive earnings to restore confidence amid market uncertainties.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
European markets have rebounded following Donald Trump's decision to delay new tariffs on EU imports, which had initially caused a sell-off. After a 'good' phone conversation with European Commission President Ursula von der Leyen, the euro strengthened, reflecting renewed investor optimism. Despite this recovery, concerns remain about Trump's unpredictable trade policies, which have led to a significant shift of investments away from U.S. equity funds towards European ones over the past year.
Source: YAHOO
Reported 3 months ago
U.S. President Donald Trump's endorsement of Nippon Steel's $14.9 billion acquisition of U.S. Steel has generated key uncertainties regarding the deal's details and costs for Nippon, leading to only modest share gains for the Japanese firm. Trump claimed the partnership would create 70,000 jobs and inject $14 billion into the U.S. economy, yet the exact nature of the partnership remains unclear. Despite a rise in U.S. Steel's shares following Trump's support, uncertainties persist, reflecting concerns over costs as analysts watch how this deal fits into Nippon Steel's global expansion plans.
Source: YAHOO
Reported 3 months ago
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, indicated that the current changes in U.S. trade and immigration policies are creating uncertainty regarding interest rate adjustments before September. In an interview, he mentioned that clarity would depend on upcoming trade negotiations and economic data. Most Fed officials are taking a cautious approach, awaiting more information on the impact of tariffs and other policies on the economy.
Source: YAHOO
Reported 3 months ago
President Trump stated that the United States will control U.S. Steel in a partnership with Japanese firm Nippon Steel, which plans to invest $14 billion into U.S. Steel operations. The merger is expected to create 70,000 jobs and positions U.S. Steel as the third-largest steel producer globally. While details remain scarce, investors are hopeful for terms similar to those agreed upon in 2023.
Source: YAHOO
Reported 3 months ago
Shares of Chinese companies supplying Apple, including Luxshare and Lens Tech, declined after President Trump threatened to impose tariffs on imported iPhones. Trump's remarks have reignited concerns over escalating trade tensions, prompting Apple to accelerate plans to manufacture more iPhones in India. While some production may be automated in the U.S., significant challenges remain for such a move.
Source: YAHOO