Reported 3 months ago
Chinese electric vehicle manufacturer BYD has launched its affordable Dolphin Surf model in Berlin, marking its 10th vehicle in Europe and putting pressure on local competitors to create budget-friendly electric cars. Priced between 22,990 and 24,990 euros, the Dolphin Surf is aimed at increasing EV accessibility, with discounts available until June. The move comes as BYD expands its European operations, including entering 12 new markets and rapidly increasing sales.
Source: YAHOO
Reported 3 months ago
The Leasing Foundation has announced its new Industry Insights 2025 program aimed at developing and retaining emerging talent in the business and asset finance sector. Starting in Q4 2025, this year-long initiative will include 12 workshops hosted by leading businesses, offering participants insights into different organizations, career paths of senior leaders, and opportunities to expand their professional networks.
Source: YAHOO
Reported 3 months ago
Before the stock market opens on May 21, 2025, U.S. stock futures are pointing lower amidst rising oil prices and geopolitical tensions in the Middle East. Target shares are down after revising its full-year sales outlook, while Lowe's stock rises following positive earnings. Apple will restore 'Fortnite' to its U.S. App Store after a five-year ban due to an antitrust ruling, and Kraft Heinz is exploring strategic transactions to enhance shareholder value.
Source: YAHOO
Reported 3 months ago
North Hudson Resource Partners has successfully closed its fifth non-operated oil and gas fund, Production Partners V, with $344 million in equity commitments, increasing their total assets under management to $1.4 billion. The fund aims to target non-operated acquisitions in the US and Canada, with a range of transaction values and various strategies for partnerships and acquisitions. Managing partner Mark Bisso emphasized the firm's commitment to low-risk investment and expanding relationships within the industry.
Source: YAHOO
Reported 3 months ago
Ascension continues to face financial challenges after reporting a $101.2 million operating loss in Q3 of the 2025 fiscal year, an increase from last year's $82.6 million loss, as it grapples with the aftereffects of a cyberattack. The health system's net income plummeted from a $580.9 million gain to an $81.5 million loss, attributed to decreased investment gains and patient service revenue following divestitures. Despite these losses, Ascension highlighted improvements in operational metrics and emphasized progress in managing expenses and patient volumes since the attack.
Source: YAHOO
Reported 3 months ago
Fintech firm Seeds has raised $10 million in a Series A funding round, bringing its total funding to over $15 million. Led by Portage, this investment aims to accelerate product development and enhance its investment management platform for advisors. The company, founded by financial advisors, seeks to transform client-advisor interactions by linking investment portfolios with financial plans and improving communication. Seeds has also expanded its workforce and rebranded to align with its vision for the future of wealth management.
Source: YAHOO
Reported 3 months ago
Despite strict laws against cryptocurrency in China, companies are increasingly investing in Bitcoin, with significant amounts of mining power still located in the country. Recent investments by companies like Addentax and DDG Enterprise suggest a growing trend that may drive Bitcoin prices higher, as demand outstrips supply. As institutional and corporate adoption rises globally, the limited supply of Bitcoin, capped at 21 million, indicates a bullish outlook for its future value.
Source: YAHOO
Reported 3 months ago
Vans experienced a revenue decline of 22% in the fourth quarter of VF's fiscal year 2025, contributing to an overall drop of 5% in the company's revenue. This decline is attributed to challenging direct-to-consumer sales and a strategic rationalization of channel distribution. Despite these challenges, VF's overall revenue was within the expected range, and plans for revitalizing the Vans brand, including new campaigns and executive changes, are underway.
Source: YAHOO
Reported 3 months ago
Executives must redefine hustle culture to prioritize employee wellbeing over traditional hard work ideals. A new workforce emphasizes mental health, demonstrating that success is linked to smarter, not harder, work. Leaders should focus on wellness, agency, and tailored benefits to ensure employees thrive both at work and in their personal lives.
Source: YAHOO
Reported 3 months ago
Merit Medical Systems has acquired Biolife Delaware, a manufacturer of hemostatic devices, for approximately $120 million. The deal includes StatSeal and WoundSeal products aimed at stopping bleeding, and is expected to generate an additional $18 million in revenue next year. This acquisition is part of a broader strategy by Merit to pursue complementary product expansions, following previous acquisitions in the medical device sector.
Source: YAHOO
Reported 3 months ago
Shake Shack has announced plans to open 10 new locations in casinos through a partnership with PENN Entertainment, starting with two casinos in Ohio and Missouri expected to launch in 2026. This move is part of Shake Shack’s broader strategy to grow its licensed business and reach 1,500 company-operated locations. Currently, Shake Shack operates three casino locations and aims to continue expanding its presence in various markets, including exploring new formats and partnerships.
Source: YAHOO
Reported 3 months ago
Family Dollar has announced the appointment of Duncan MacNaughton as chairman and CEO as the company separates from Dollar Tree, following a $1 billion sale to private equity firms. With experience as a previous COO and leading roles within retail, MacNaughton is set to guide the company in its new independent operation, alongside president Jason Nordin. This restructuring follows consistent struggles for Family Dollar and aims to establish a stronger future for the retailer.
Source: YAHOO
Reported 3 months ago
After the death of a spouse, the decision between claiming a monthly pension of $495 and a lump-sum payment of $89,000 poses significant financial implications. The lump-sum offers immediate access and potential for investment growth, but comes with risks and less security. On the other hand, choosing the monthly pension ensures a steady income but may limit access to funds for emergencies. Each option has its pros and cons, and personal circumstances, financial knowledge, and future goals should guide the decision-making process. Consulting with a financial advisor is recommended.
Source: YAHOO
Reported 3 months ago
Despite positive trends in macroeconomic factors and corporate earnings, market experts such as Tim Anderson highlight two significant threats: disappointing progress in global trade negotiations and ongoing geopolitical conflicts, particularly the Russia-Ukraine situation and Iran's nuclear negotiations. He emphasizes a cautious yet optimistic outlook for the markets.
Source: YAHOO
Reported 3 months ago
This article discusses a strategy for investors to potentially surpass S&P 500 returns by focusing on dividend-paying stocks, particularly those in the second quintile of dividend yields. Historical data shows that investing in these second-tier dividend stocks can outperform top dividend payers and the overall S&P 500, with an example indicating a significant growth of investment over time. The author highlights five specific stocks—ConocoPhillips, Hershey, Starbucks, Dollar General, and Citigroup—as valuable options for building a dividend-rich portfolio.
Source: YAHOO
Reported 3 months ago
Acrisure has successfully completed a $2.1 billion capital raise led by Bain Capital, intended primarily to refinance existing non-convertible preferred stock and to facilitate strategic mergers and acquisitions. This deal increases Acrisure's valuation to $32 billion, showcasing significant growth since the last funding round. The investment group includes notable firms like Fidelity and Apollo Funds, with no current investors exiting the deal. CEO Greg Williams expressed optimism about Acrisure's future potential, with Bain Capital's Cristian Jitianu joining the board to support ongoing growth initiatives.
Source: YAHOO
Reported 3 months ago
China's Xpeng (XPEV) anticipates second-quarter revenue surpassing Wall Street estimates, driven by increasing demand for its affordable electric vehicles. The company's premarket shares rose 5%, buoyed by record vehicle deliveries in the first quarter and plans to deliver up to 108,000 EVs in Q2. Xpeng forecasts revenues between 17.5 billion and 18.7 billion yuan, reflecting significant year-over-year growth. CEO Xiaopeng He emphasized the company's leadership among emerging EV manufacturers despite ongoing losses.
Source: YAHOO
Reported 3 months ago
US stock markets saw a downturn on Tuesday, with the S&P 500 breaking its six-day winning streak as investor confidence waned over temporary tariff reductions and inflation worries. The Dow Jones Industrial Average fell nearly 0.3%, while both the S&P 500 and the Nasdaq Composite declined about 0.4%. Concerns persist regarding high tariff levels and the potential impact on the economy, despite a recent trade truce between the US and China.
Source: YAHOO
Reported 3 months ago
In a tumultuous week for bonds, rising global inflation has added to market anxieties, particularly for U.S. Treasury securities. Concerns are growing over the potential impacts of President Trump's tax plans on the economy, as the Fed warns about the possibility of heightened price increases due to import tariffs. Additionally, the bond markets faced volatility, marked by a spike in Japanese bond yields and a drop in U.S. stock futures. These developments come as the U.S. Treasury prepares to sell $16 billion in 20-year bonds amid ongoing inflation worries.
Source: YAHOO
Reported 3 months ago
Buy Now, Pay Later (BNPL) services are increasingly being reported to credit bureaus, which could affect future loan approvals. Currently, usage of BNPL does not impact credit scores as lenders can't see these transactions yet. However, as more BNPL providers begin reporting payment history, it could influence lending decisions. Consumers are advised to manage BNPL responsibly to avoid potential negative consequences on their credit, particularly if they miss payments or default.
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
A rising number of Americans are turning to buy now, pay later (BNPL) loans to finance their grocery bills, with recent data indicating that around 25% of users have utilized BNPL for food purchases. The trend is particularly pronounced among younger generations, with 33% of Gen Z participating. Alarmingly, nearly 41% of BNPL users reported missing payments, highlighting the financial strain many are under due to high inflation and grocery prices. This shift in spending habits raises concerns about the long-term sustainability of using BNPL loans for essential purchases.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: WSJ
Reported 3 months ago
The concept of a 'DOGE dividend' for US taxpayers was popularized by James Fishback, suggesting that 20% of the $2 trillion projected savings from the Department of Government Efficiency (DOGE) should be returned to taxpayers, amounting to about $5,000 per household. Elon Musk has expressed interest in the proposal, which was also endorsed by Donald Trump. However, the projected savings have significantly decreased, and current estimates indicate minimal benefits for taxpayers, with many likely ineligible for such a check.
Source: YAHOO