Reported 10 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 10 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 10 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 10 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 10 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 10 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 10 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 10 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 10 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 10 days ago
Source: YAHOO
Reported 10 days ago
BBVA has confirmed its intention to continue with its hostile takeover bid for Sabadell, even after the Spanish government mandated a three-year merger restriction. This move follows the competitive interest from rivals Santander and Barclays in Sabadell's British division, TSB. Analysts view BBVA's decision as strategic, aiming to secure influence over Sabadell while navigating regulatory requirements that prioritize job and customer protection.
Source: YAHOO
Reported 10 days ago
Microsoft's AI diagnostic tool, MAI-DxO, has been shown to diagnose up to 85% of medical cases accurately, surpassing the accuracy rate of experienced physicians by more than four times. The findings suggest that the integration of AI in healthcare could revolutionize medical diagnostics while maintaining the essential role of physicians in treatment planning and oversight.
Source: YAHOO
Reported 10 days ago
A hacker hired by Mexico's Sinaloa cartel, led by Joaquín 'El Chapo' Guzmán, spied on a U.S. Embassy official's phone in 2018 to identify informants to target for assassination, according to a U.S. government report. The hacker accessed call logs, location data, and even surveillance footage to track the official's meetings, leading the cartel to intimidate or kill potential witnesses. The incident occurred while the FBI was investigating El Chapo, highlighting the escalating surveillance tactics used by both law enforcement and cartels in Mexico.
Source: YAHOO
Reported 10 days ago
Former Meta engineers have created Airial, an AI-powered platform designed to manage and plan every detail of travel itineraries. Users can input trip details and receive curated plans, including flights, accommodations, and daily activities. By leveraging extensive travel data, Airial allows for personalized travel recommendations, interactive maps, and social sharing features. The startup has already gained significant interest, securing $3 million in seed funding, and aims to enhance user experience through mobile apps and vertical search functionality.
Source: YAHOO
Reported 10 days ago
U.S. equities rose at midday, with the S&P 500 and Nasdaq hitting new highs due to optimism about upcoming trade deals. Hewlett Packard Enterprise finalized its $14 billion acquisition of Juniper Networks, boosting its stock along with Juniper's. Moderna's shares gained from positive flu vaccine trial results, while Tesla and renewable energy stocks fell amid proposed cuts to energy tax credits in the Senate budget bill.
Source: YAHOO
Reported 10 days ago
Citi anticipates that gold prices will stabilize between $3,100 and $3,500 per ounce in the third quarter of 2025, citing geopolitical easing in the Middle East and a positive global growth outlook as key factors. The bank noted a significant price drop of over $100 per ounce since revising its short-term price target downward to $3,300. They predict that the gold market deficit will peak in Q3 before a predicted decline in demand drives prices down to $2,500 to $2,700 per ounce by late 2026, advising gold producers to hedge against potential price drops.
Source: YAHOO
Reported 10 days ago
The Senate's new bill promoting clean energy has made significant amendments, including expedited cuts to clean energy credits and new taxes on companies using Chinese parts, which contribute to an estimated $3.3 trillion cost over the next decade. This figure represents nearly $900 billion more than the earlier House version, intensifying debates about its financial implications as lawmakers push forward towards final approval.
Source: YAHOO
Reported 10 days ago
Elon Musk recently criticized a new taxation-and-spending bill in Congress, claiming it would harm the U.S. energy sector and cost millions of jobs. Unlike previous comments that stirred conflict with President Trump, Musk's latest remarks were more focused and avoided personal attacks. Following his criticism, Tesla's stock has seen a less severe decline compared to earlier this month, and Wall Street analysts are now cautiously optimistic as they await key delivery numbers and the anticipated rollout of Tesla's robotaxi operation.
Source: YAHOO
Reported 10 days ago
The U.S. Supreme Court has ordered a reevaluation of decisions supporting transgender rights related to healthcare and birth certificates, following a ruling that permits states like Tennessee to prohibit transgender minors from receiving certain medical treatments. The Court also directed appeals courts to review cases in North Carolina and West Virginia regarding transgender healthcare coverage and amendments to birth certificates, while postponing action on laws banning transgender athletes from competing in women’s sports.
Source: YAHOO
Reported 10 days ago
At TechCrunch Disrupt 2025, a panel featuring venture and AI innovation experts will outline how to effectively prepare for late-stage funding before meeting investors. Scheduled for October 29, this session will provide essential insights and strategies for founders to create meaningful narratives and track key metrics to secure significant investment. Join industry leaders and gain invaluable advice at one of the year's key tech conferences.
Source: YAHOO
Reported 10 days ago
As tariffs imposed by President Trump are expected to impact inflation in the coming months, economists remain skeptical due to currently subdued price increases. The Federal Reserve faces pressure from the Trump administration to lower interest rates, with key upcoming reports on jobs and consumer prices set to shape the Fed's strategy. The situation is complicated by debates within the Fed and varying forecasts about the tariffs' long-term effects, as the labor market shows resilience in light of these trade tensions.
Source: YAHOO
Reported 10 days ago
Lululemon has filed a lawsuit against Costco for allegedly selling unauthorized versions of its $128 pants and other athleisure items under its Kirkland brand. The lawsuit, claiming that Costco's products infringe on Lululemon's designs and confuse consumers, seeks unspecified monetary damages and a court order to halt the sales. Lululemon emphasizes its commitment to protecting its intellectual property amidst rising competition and changing market dynamics.
Source: YAHOO
Reported 10 days ago
IonQ's stock saw a 9% increase after the Texas legislature approved a bill it supported to establish Texas as a key player in quantum technology. The Texas Quantum Initiative aims to create a strategic plan for advancing quantum computing and innovation in the state, signaling a shift towards integrating quantum tech into various sectors, as stated by Representative Giovanni Capriglione.
Source: YAHOO
Reported 10 days ago
A successful hedge fund strategy focused on insurance-linked securities is now capitalizing on the rapidly growing parametric insurance market, which provides quick payouts based on specific weather-related metrics. This market, once limited to small businesses and farmers, is now attracting major corporations due to the challenges presented by climate change. As investment funds integrate parametric models, such as the Lumyna-Twelve Capital Parametric ILS Fund, they aim for returns that surpass traditional catastrophe bonds while addressing the increasing corporate demand for innovative insurance solutions.
Source: YAHOO
Reported 10 days ago
The proposed tax bill could significantly increase the national deficit, raising concerns among economists about its adverse effects on the US economy. Jennifer Lee, a senior economist at BMO Capital Markets, warns that soaring debt and interest costs may hurt consumer spending and complicate the Federal Reserve's future decisions, particularly regarding interest rates. The ongoing fiscal challenges are expected to contribute to higher borrowing costs for consumers, posing risks to the economy in the long term.
Source: YAHOO