Reported 8 days ago
On July 2, investors should closely monitor Tesla's second-quarter delivery numbers, with analysts predicting 389,400 deliveries, an increase from the first quarter but an 11% decline year-over-year due to increased competition and external pressures. Additionally, the June ADP employment report is expected to reveal a rise in private payrolls by 95,000, following a dip in May, just ahead of the jobs report anticipating 110,000 new jobs and a slight increase in the unemployment rate to 4.3%.
Source: YAHOO
Reported 8 days ago
Source: YAHOO
Reported 8 days ago
The Senate has passed a comprehensive GOP tax and spending package before President Trump's July 4th deadline, despite growing resistance from fiscal conservatives. The 900-page bill aims to extend individual tax rates, shift focus toward fossil fuels over green energy, and potentially lead to 11 millionAmericans losing health insurance. Economists are closely watching provisions related to business tax credits and the anticipated impact on various market sectors, with mixed investor reactions following the bill's announcement.
Source: YAHOO
Reported 8 days ago
Source: YAHOO
Reported 8 days ago
In a recent episode of Decoding Retirement, financial expert Denise Appleby discussed critical mistakes to avoid while managing IRA accounts that could jeopardize retirement savings. Key topics included missed required minimum distributions (RMDs), the importance of understanding IRS forms like 5498 and 1099R, and how to properly execute 401(k) rollovers to avoid unintended tax consequences. Appleby emphasized the need for regular audits of retirement accounts to prevent costly errors.
Source: YAHOO
Reported 8 days ago
Solar stocks, including Sunrun and SolarEdge, increased following the Senate's passage of President Trump's tax and spending bill. Casino stocks like Las Vegas Sands and MGM surged after Macau's gaming revenue in June exceeded expectations, rising 19%. Additionally, Ford reported a notable 14.2% increase in U.S. sales for the second quarter, attributed to strong performance in trucks and SUVs.
Source: YAHOO
Reported 8 days ago
Source: YAHOO
Reported 8 days ago
Investors are focusing on a potential interest rate cut in September as the Federal Reserve monitors the impact of tariffs. Fed Chair Jerome Powell indicated that the central bank will remain cautious until the effects become clearer. With important job data and earnings season approaching, experts emphasize that investors should prioritize these developments while navigating trade negotiations and economic indicators.
Source: YAHOO
Reported 8 days ago
Source: YAHOO
Reported 8 days ago
Source: YAHOO
Reported 8 days ago
Morgan Stanley is advocating for a 'Buy America' investment strategy, emphasizing US stocks, Treasurys, and corporate bonds as optimal choices for the next year. Despite the bullish stance on these assets, the firm warns that the US dollar may continue to depreciate due to factors like slowing economic growth and political uncertainty. They argue that, while the global growth environment may be challenging, US markets remain one of the best options available for investors.
Source: YAHOO
Reported 8 days ago
Amid stalled trade talks, President Trump's threats of imposing tariffs on Japan have intensified, particularly focusing on Japan's reluctance to import US rice, a significant aspect of the negotiations. Experts highlight that rice is essential to Japan's economy and culture, leading to protective measures for its domestic industry. As trade relations evolve, the impact of tariffs on strategic industries like rice showcases the complexities and challenges within US-Japan trade discussions.
Source: YAHOO
Reported 8 days ago
US stock markets exhibited mixed results as President Trump's budget bill advanced through the Senate, leading to fluctuations in major indices. The S&P 500 dipped slightly after reaching a new high, while the tech-focused Nasdaq fell by about 0.9%, impacted notably by Tesla's stock retreat amid tensions between CEO Elon Musk and Trump over subsidies. Meanwhile, the Dow Jones Industrial Average saw an increase of approximately 1%. Investors closely monitored Fed Chair Jerome Powell’s comments regarding interest rates and labor market data, which revealed a rise in job openings.
Source: YAHOO
Reported 8 days ago
The KBW Nasdaq Bank Index has rebounded from setbacks experienced on Liberation Day, approaching pre-April highs as investor sentiment improves. Factors like easing recession fears and discussions around deregulation have contributed to this recovery. Notably, major U.S. banks recently passed their annual stress tests, indicating strong capital positions. Analysts are keenly observing the upcoming earnings season and potential impacts from tariffs and deregulation on the banking sector.
Source: YAHOO
Reported 8 days ago
Circle, the stablecoin issuer, has applied for a national trust bank charter to establish First National Digital Currency Bank, N.A., allowing it to manage stablecoin reserve assets. This move aims to enhance its competitive edge and comply with upcoming U.S. stablecoin regulations. While stablecoins provide stability and could revolutionize cross-border payments, Circle's charter would not permit it to accept cash deposits or issue loans. As the market evolves, analysts expect significant growth in the stablecoin sector.
Source: YAHOO
Reported 8 days ago
After a brief surge in car sales driven by consumers rushing to purchase before tariff-induced price hikes, US auto sales are losing momentum. In June, the annualized selling rate dropped to its lowest pace in a year, with many consumers becoming hesitant about big purchases due to economic uncertainty. Automakers like Subaru and Nissan reported declines in sales, while the average price of new cars continues to rise, putting additional strain on buyers, with a significant number taking on high monthly payments.
Source: YAHOO
Reported 8 days ago
President Trump criticized Elon Musk over government subsidies, deepening divides ahead of a crucial Senate vote on his controversial bill, which recently lost protections for the AI industry. This came as Republican senators removed a key provision aimed at shielding artificial intelligence from state regulations amidst growing opposition. Musk, a significant donor to Trump, retaliated with electoral threats against lawmakers supporting the bill, raising questions about its future as key votes loom.
Source: YAHOO
Reported 8 days ago
As the July 9 deadline approaches for reinstating severe tariffs, President Trump's administration is now prioritizing smaller trade agreements instead of large comprehensive deals with various countries. This shift aims to help partners avoid harsh levies while current tariffs remain in place. Mixed signals from the administration continue as countries like the EU and Japan navigate negotiations, and Treasury Secretary Scott Bessent warns of potential tariff increases for non-compliant nations.
Source: YAHOO
Reported 8 days ago
Senate Majority Leader John Thune announced that the Senate is poised to vote on President Trump’s $3.3 trillion tax and spending bill after securing enough votes to pass it. Key negotiations continued as senators sought to address concerns from Republican holdouts, particularly regarding Medicaid and green energy cuts. Thune indicated they may have sufficient support, while details about last-minute amendments remain unclear. With critical decisions pending, the Senate faces pressure to ensure the bill can also pass in the House.
Source: YAHOO
Reported 8 days ago
Treasury yields have dropped to their lowest levels in two months amidst speculation surrounding the Federal Reserve's potential rate cuts, particularly after recent strong job market data diminished expectations for an immediate cut. While market analysts predict possible Fed rate reductions in September, October, and December, a July cut remains uncertain. Federal Reserve Chair Jerome Powell emphasized a data-dependent approach to future rate decisions, amidst pressures and expectations from the political landscape and the broader economic situation.
Source: YAHOO
Reported 8 days ago
Gas prices are set to reach their lowest level since 2021 as the July Fourth holiday approaches, with the national average at $3.18 per gallon, a $0.31 decrease from last year. This price drop is expected to save Americans around $500 million on gas during the holiday weekend, largely due to lower oil prices following geopolitical developments. However, prices may fluctuate in the coming months depending on demand and refining issues, particularly in California, where prices remain the highest in the nation.
Source: YAHOO
Reported 8 days ago
Job openings unexpectedly soared to 7.76 million in May, the highest since November 2024, as reported by the Bureau of Labor Statistics. Despite this increase, hiring rates dipped slightly to 5.5 million, and the quits rate, which indicates worker confidence, rose to 2.1%. The labor market is currently described as stagnant, with low layoffs but cautious hiring, as economists and investors await further economic indicators, including an upcoming jobs report.
Source: YAHOO