Reported 3 months ago
In a recent analysis of retail stocks post-earnings season, Brian Mulberry from Zacks Investment Management identifies Walmart and Home Depot as strong performers due to diverse product lines and effective cost management strategies, particularly in mitigating tariff impacts. In contrast, Target and Lowe's face challenges with slowing sales growth and heavy reliance on direct sourcing from China. Kohl's struggles with profitability and pricing pressures further highlight the disparities within the sector.
Source: YAHOO
Reported 3 months ago
This week, while traditional markets suffered significant losses amid fiscal concerns, Bitcoin defied expectations by rallying nearly 5% and surpassing $112,000. As old-school investments falter, crypto's institutional acceptance grows, with substantial flows into Bitcoin-centric ETFs. Despite its volatility, the growing belief in digital assets as a viable investment class is challenging the traditional views of Wall Street, marking a notable divergence in market behavior.
Source: YAHOO
Reported 3 months ago
As supply chains become increasingly complex, cargo theft poses significant risks to freight, operational efficiency, and reputations. A collaborative report by FreightWaves and AMAROK reveals key trends in theft, its financial impacts, and the effectiveness of current security measures through an industry survey. The report highlights high-risk commodities and offers insights into effective security strategies to help carriers combat this pressing issue.
Source: YAHOO
Reported 3 months ago
Approximately 3,000 striking workers at Pratt & Whitney are set to vote next week on a revised contract offer, following a nearly three-week strike that affected production at their Connecticut plants. Union leaders emphasize the importance of job security and have indicated this new proposal offers improvements in key areas after the initial offer was rejected. This strike marks the first in over two decades for the engine manufacturer.
Source: YAHOO
Reported 3 months ago
United Airlines faces significant challenges at Newark Liberty International Airport, one of its main hubs, due to congestion and operational limitations. Although the airline has reduced flights in response to these issues, it risks a decline in revenue and increased operating costs. Few alternative airports exist in the Northeastern U.S., and plans to increase capacity at LaGuardia and potentially return to JFK are complicated by operational constraints and slot availability. Analysts suggest that Newark remains critical for United's network, emphasizing the need to resolve the congestion challenges.
Source: YAHOO
Reported 3 months ago
Informatica is once again exploring a sale after receiving renewed interest from potential buyers, including Salesforce. Following a report of ongoing discussions between the two companies, Informatica's shares rose significantly. Previous negotiations in April 2024 ended without an agreement. A deal could be announced soon, though other interested parties are also in the mix.
Source: YAHOO
Reported 3 months ago
On May 23, 2025, the S&P 500 dipped 0.7%, marking its fourth consecutive negative trading day, fueled by renewed trade policy tensions ahead of Memorial Day. Deckers Outdoor witnessed a significant 20% drop after withholding full-year guidance due to tariff uncertainties. Ross Stores' shares fell 9.8% for similar reasons. In contrast, Intuit's shares surged 8.1% following strong quarterly results and positive full-year forecasts.
Source: YAHOO
Reported 3 months ago
McDonald's is closing its five beverage-focused CosMc's locations, launched in 2023, while planning to integrate some of their drink offerings into its main menu. The decision follows a test phase aimed at exploring the beverage market, allowing the chain to innovate without affecting existing outlets. The closure will happen gradually starting late June, with the CosMc's app also being discontinued.
Source: YAHOO
Reported 3 months ago
BlackRock cautions that the U.S. government's backing of a dubious lawsuit accusing major asset managers of colluding to limit competition in the coal industry could jeopardize the nation's energy independence. The lawsuit, filed by Texas and 12 other states, alleges these firms used their investments in coal companies to stifle competition. BlackRock argues that the case misinterprets antitrust laws and could lead to reduced capital access for coal companies, thus driving up energy prices.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
In May, headlines indicate a bearish outlook for the oil and natural gas markets, despite a tightening inventory situation. U.S. crude oil inventories rose by 1.3 million barrels recently, but the overall figures remain lower than the previous year's levels. Inventory at key delivery points, particularly in Cushing, Oklahoma, has dropped to multi-year lows, underscoring supply and demand firming. Additionally, deliveries of petroleum products surged before last week's dip, suggesting that while current headlines may reflect bearish sentiment, underlying market conditions suggest a growing economy that demands more fuel.
Source: YAHOO
Reported 3 months ago
On Thursday, the iShares Core International Aggregate Bond ETF (IAGG) attracted $1.9 billion, bringing its total assets to $9.3 billion, despite a nearly flat market where the S&P 500 slipped by just 0.04%. This surge in inflows coincided with growing concerns over rising Treasury yields and increased deficit spending, while other ETFs like the iShares MSCI EAFE Value ETF and iShares 20+ Year Treasury Bond ETF also saw significant gains.
Source: YAHOO
Reported 3 months ago
President Donald Trump has intensified his trade war rhetoric by threatening a 50% tariff on the European Union and a potential 25% charge on all foreign-made smartphones, affecting brands like Apple and Samsung. Trump accused the EU of delaying negotiations and unfairly targeting U.S. companies, asserting that the tariffs are essential for fairness. Despite concerns over the potential economic impact, he claimed foreign entities might absorb the costs. The threats have unsettled markets, causing stock losses and raising doubts about the future of U.S.-EU trade relations.
Source: YAHOO
Reported 3 months ago
The U.S. Supreme Court has temporarily halted a lower court's order for Elon Musk's Department of Government Efficiency (DOGE) to release documents and make officials available for testimony. This administrative stay, requested by the Trump administration, will allow the justices time to determine if they will impose a more permanent pause. The case centers on whether DOGE qualifies as a federal agency under the Freedom of Information Act, affecting its obligations to disclose records and information. The administration faces upcoming deadlines to provide this information amid ongoing legal disputes.
Source: YAHOO
Reported 3 months ago
President Donald Trump has announced a potential 25% tariff on Apple and Samsung devices, urging these companies to relocate their manufacturing to the US. Trump's threats follow recent statements about Apple moving production to India, and he indicated that tariffs would be applied to all makers of such products to maintain fairness. This move poses significant challenges for these companies, whose supply chains have been established in Asia for years, and could lead to increased costs for consumers.
Source: YAHOO
Reported 3 months ago
President Trump announced on Truth Social that U.S. Steel will partner with Japan's Nippon Steel, promising to create 70,000 jobs and contribute $14 billion to the U.S. economy. Following his announcement, U.S. Steel's stock rose by 21%, reflecting strong investor confidence, while shares of Cleveland-Cliffs, which sought to acquire U.S. Steel, declined. This decision comes after the Biden administration previously blocked a $14.1 billion merger between the two companies due to national security concerns.
Source: YAHOO
Reported 3 months ago
The week of May 26th promises to be significant for Wall Street as investors await Nvidia's quarterly earnings report scheduled for release after the market closes on Wednesday. Additionally, attention will be given to PCE data, the Federal Reserve's favored measure of inflation, along with updates regarding President Trump’s tariff plans.
Source: YAHOO
Reported 3 months ago
In the first quarter of 2025, the global ETF market saw an unprecedented 847 new product launches, eclipsing the previous record of 563 in the same period of 2022. The U.S. led with 319 launches, followed by Asia Pacific and Europe. Among these, 415 were active ETFs, which attracted significant investor interest, with record assets of $1.3 trillion and $32.2 billion in net inflows in April. The JPMorgan Nasdaq Equity Premium Income ETF topped the charts with the largest individual net inflow of $1.7 billion, reflecting a strong demand for actively managed funds.
Source: YAHOO
Reported 3 months ago
McDonald's announced the closure of its CosMc's restaurants, a new dining format launched last year, but intends to trial drinks inspired by the concept in its existing locations. Although CosMc's introduced unique beverages like matcha iced lattes and turmeric spiced lattes aimed at afternoon snackers, the complexity of these drinks may not integrate well with standard McDonald's operations. The company had opened eight CosMc's restaurants, with plans to shut down all locations by the end of June, while also ceasing the associated app.
Source: YAHOO
Reported 3 months ago
Flight attendants at United Airlines have reached a tentative contract agreement with the company, which includes industry-leading compensation and a 40% financial gain in the first year. The union, representing the attendants, emphasized the significance of the deal, especially after a long period without raises. Union leaders are set to review the agreement next week for a possible ratification vote.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
The bond market is showing troubling signs as Treasury yields surge amid fears of a looming US debt crisis, with the 30-year yield hitting levels not seen since 2007. Experts warn that rising interest rates reflect increased demands from investors to mitigate growing fiscal risks, exacerbated by a newly proposed tax bill projected to increase the national debt by $4 trillion over the next decade without immediate spending cuts. Additionally, concerns over global market dynamics, including a fiscal crisis in Japan, add to the uncertainty as Wall Street braces for potential fallout.
Source: YAHOO