Reported 9 days ago
Baidu has announced the appointment of Haijian He as the company's new chief financial officer, effective immediately. Junjie He, who held the interim CFO position since October 2024, will now take on a senior vice president role.
Source: YAHOO
Reported 9 days ago
The Inter-American Development Bank (IDB) aims to raise at least $11 billion for climate finance through various initiatives, addressing the adverse effects of global warming. The bank will launch a new platform to help countries manage currency risks, facilitating private investment. Additionally, IDB plans to issue Amazonia Bonds to combat deforestation and expand an emergency relief fund for climate-related disasters. These efforts highlight the importance of innovative financial strategies to attract private sector funding in tackling climate challenges.
Source: YAHOO
Reported 9 days ago
A private survey revealed that China's resale home prices fell by 0.75% in June, highlighting ongoing struggles in the property market despite policy support. The year-on-year decline reached 7.26%, and new home prices also increased at a slower pace. Weak consumer confidence and market oversupply are limiting recovery efforts, as demand for new homes remains significantly below past levels.
Source: YAHOO
Reported 9 days ago
A recent study published in The Lancet warns that significant cuts to the US Agency for International Development (USAID) under President Donald Trump could lead to approximately 14 million additional deaths by 2030, including 4.5 million children, due to the potential dismantling of vital health and development programs. The analysis highlights that past USAID-funded efforts have saved over 91 million lives, and further reductions threaten to reverse progress made in global health and development.
Source: YAHOO
Reported 9 days ago
Bombardier has announced a $1.7 billion order for 50 of its Challenger and Global aircraft, accompanied by a service agreement, with deliveries slated to begin in 2027. The unnamed customer will also have options for 70 additional aircraft, potentially raising the total agreement value to over $4 billion. The company anticipates a slower order activity in the first half of the year but expects to deliver more than 150 business jets in 2025.
Source: YAHOO
Reported 9 days ago
US stock futures remained stable after markets closed at new highs, with the Dow Jones down 0.1%, the S&P 500 down 0.2%, and the Nasdaq down 0.3%. The rally was fueled by improving trade sentiment ahead of looming tariffs and a potential interest rate cut from the Federal Reserve, with the upcoming job report being closely monitored by investors.
Source: YAHOO
Reported 9 days ago
Renewable energy companies are alarmed by the recent Senate tax bill which includes an unexpected excise tax on wind and solar projects utilizing certain Chinese components, threatening to increase costs and reduce investments in the industry. With tightened deadlines for tax credits and a potential dramatic rise in energy costs, industry experts warn that this legislation could significantly hinder the growth of renewable energy in the U.S., leading to job losses and an interruption in energy transition efforts.
Source: YAHOO
Reported 9 days ago
Gold prices remain below $3,300 an ounce as the stock market reaches new highs, causing investors to favor equities over safe havens. While Goldman Sachs projects gold may rise to $3,700 by the end of the year due to strong central bank demand, Citi anticipates a drop below $3,000, attributing it to decreased investment interest and improved global growth outlook.
Source: YAHOO
Reported 9 days ago
Robinhood has introduced stock and ETF tokens in the European Union, marking a significant enhancement of its crypto offerings and aiming to merge traditional finance with blockchain technology. CEO Vlad Tenev discussed the company's strategy to provide comprehensive financial services in Europe, emphasizing the goal of achieving 24/7 trading and the benefits of tokenized assets for global investors.
Source: YAHOO
Reported 9 days ago
Apple Inc. is contemplating leveraging AI technologies from Anthropic or OpenAI to enhance Siri, moving away from its own models in a significant strategic pivot. This decision comes as Apple attempts to address its challenges in the competitive generative AI landscape. Discussions are underway for custom versions of AI models that could function on Apple's cloud infrastructure. If finalized, this could help Apple enhance Siri's capabilities and reshape its reputation in AI technology.
Source: YAHOO
Reported 9 days ago
During a conference call with faith leaders, President Trump criticized AT&T for poor network performance, stating he may have to switch carriers for future calls. He urged AT&T's CEO to address the issues, emphasizing that the company's equipment was failing to support the large number of participants. AT&T acknowledged the problem and is working with the White House to resolve it.
Source: YAHOO
Reported 9 days ago
Apple Inc. has lost its attempt to dismiss an antitrust lawsuit filed by the US Justice Department, which accuses the company of using its market power to suppress competition and innovation in the smartphone industry. The ruling by US District Judge Julien Xavier Neals allows the case, which may pose a significant threat to Apple's lucrative business, to proceed, potentially leading to years of litigation. Apple has stated its intention to vigorously contest the allegations.
Source: YAHOO
Reported 9 days ago
Oracle's stock surged nearly 4% on June 30, 2025, hitting a record closing high after announcing several multibillion-dollar cloud service agreements. CEO Safra Catz highlighted robust growth in multi-cloud database revenue, projecting over $30 billion in annual revenue from a major deal starting in FY28. Despite a recent upgrade from Stifel analyst Brad Reback, who raised the price target to $250, concerns linger about potential risks to the AI ecosystem's sustainability.
Source: YAHOO
Reported 9 days ago
Circle, the stablecoin firm, is applying for a national trust bank license in the U.S. following its IPO, which valued the company at nearly $18 billion. This license would allow Circle to manage its own reserves and hold crypto assets for institutional clients, although it cannot accept cash deposits or make loans. The move comes as a federal regulatory framework for stablecoins is being considered by Congress, potentially paving the way for broader acceptance of stablecoins in traditional finance.
Source: YAHOO
Reported 9 days ago
Robinhood CEO Vlad Tenev announced that the European Union is likely to implement 24/7 stock trading ahead of the United States, which he believes would be a disappointment. Robinhood is expanding its services in the EU by introducing US stock and ETF tokens, allowing customers to trade around the clock using blockchain technology. While Tenev asserts that establishing 24/7 trading in the US will take longer due to regulatory hurdles, he expressed optimism in collaborating with regulators to achieve this goal.
Source: YAHOO
Reported 9 days ago
Tesla, founded by Elon Musk, marked its 15th anniversary since its initial public offering (IPO) in 2010. The company transitioned from a niche luxury brand to a mass-market electric vehicle leader with the introduction of models like the Model S and Model 3. Despite facing production delays, intense competition, and scrutiny over Musk's behavior, analysts remain optimistic about Tesla's future growth, particularly in AI and robotics ventures.
Source: YAHOO
Reported 9 days ago
The investor group identified by President Trump for purchasing TikTok's U.S. operations includes Oracle Corp., Blackstone Inc., and Andreessen Horowitz, the same consortium that previously encountered setbacks due to U.S.-China trade tensions. Trump stated that the sale is dependent on approval from the Chinese government, particularly President Xi Jinping. Discussions are reportedly ongoing to finalize the deal, aiming to maintain TikTok's operations in the U.S. amidst previous tariffs imposed on China. The deadline for a sale has been extended as negotiations continue.
Source: YAHOO
Reported 9 days ago
As the July 9 deadline approaches, President Trump is intensifying tariff negotiations, threatening to impose new rates on Japan while the EU shows willingness for a universal tariff with key exemptions. Canada halted its digital services tax to revive trade talks, but the overall landscape remains uncertain as countries rush to finalize agreements amidst mixed signals from the Trump administration.
Source: YAHOO
Reported 9 days ago
Despite a turbulent first half of 2025, marked by fluctuating concerns over tariffs and AI competition, the S&P 500 has surged to record highs, indicating persistent bullish sentiment among investors. Analysts note that retail investors played a significant role in this rebound, with many viewing market dips as buying opportunities. As the market stabilizes, pressure mounts for fund managers to outperform benchmarks like the S&P 500, fueling optimism for continued growth through the end of the year.
Source: YAHOO
Reported 9 days ago
After securing a significant $30 billion cloud contract, Oracle's shares have soared, while Amazon faces challenges as prices of Chinese goods increase on its platform. Additionally, Home Depot has announced a $4.3 billion acquisition of building products supplier SRS Distribution.
Source: YAHOO
Reported 9 days ago
Treasury Secretary Scott Bessent outlined potential successors for Federal Reserve Chairman Jerome Powell, whose term ends next May, as President Trump urged Powell to lower interest rates in a recent note. Bessent mentioned that there are already candidates within the Fed being considered and discussed options for appointing a new chair, possibly by filling a new 14-year seat. Trump seems keen on a change in monetary policy and has hinted at potential candidates, signaling his administration's strategic considerations regarding the Fed's future leadership.
Source: YAHOO
Reported 9 days ago
Stablecoins are challenging traditional notions of money, as central banks and companies like JPMorgan and Mastercard explore their potential. Noelle Acheson highlights that while stablecoins may not always be stable, they function as essential tools in crypto trading and liquidity, redefining payments and the banking landscape.
Source: YAHOO
Reported 9 days ago
BlackRock has highlighted that the surging U.S. government debt poses a significant risk to the country's market position, indicating it may weaken investor interest in crucial assets like long-term Treasuries and the dollar. As Congress debates a tax and spending bill that could add $5 trillion to the national debt, concerns grow that increasing debt could decouple Treasury yields from U.S. monetary policy. BlackRock suggests diversifying investments beyond U.S. borders and focusing on short-term Treasuries to mitigate risks associated with this growing debt.
Source: YAHOO
Reported 9 days ago
L'Oreal has signed an agreement to acquire the haircare brand Color Wow, aiming to capitalize on the rapid growth of premium hair products. The acquisition comes as L'Oreal's haircare category saw significant expansion, driven by innovative products for various hair needs. Color Wow, known for its frizz control and products for curly hair, is based in the U.S. and Britain. The financial details of the deal remain undisclosed.
Source: YAHOO
Reported 9 days ago
Source: YAHOO