Reported 4 months ago
US ports are experiencing a slowdown in cargo due to high tariffs, but a recent reduction in rates could lead to a surge as retailers rush to stockpile supplies before changes take effect. Starting this Wednesday, tariffs on Chinese imports will drop to 30% from 145%, prompting expectations of increased shipments. Experts anticipate that while the short-term effects may show declining cargo volumes, a significant influx may occur over the next few months as businesses adapt to the shifting trade landscape.
Source: YAHOO
Reported 4 months ago
Oklo Inc. shares surged after reporting a narrower loss than expected for Q1, while American Eagle Outfitters pulled its guidance for 2025 due to macroeconomic uncertainties, leading to a decline in its stock. Meanwhile, Reddit's shares rose significantly despite a lack of specific news, reflecting a broader risk-on sentiment in the market.
Source: YAHOO
Reported 4 months ago
Samsung has introduced its thinnest smartphone, the Galaxy S25 Edge, now available for preorder. This device, measuring just 0.22 inches thick, is positioned as a competitor to Apple's upcoming iPhone model. Featuring a 6.7-inch AMOLED display and a dual-camera system, the S25 Edge aims to attract users looking for a lightweight and premium feel, though it sacrifices a third camera and a larger battery capacity in the process. Priced at $1,099, it stands between the Galaxy S25 Plus and S25 Ultra.
Source: YAHOO
Reported 4 months ago
As the S&P 500 and Nasdaq recover from earlier losses, ETF investors are increasingly looking toward international equities, with $7.4 billion flowing into international ETFs despite the US market rally. Experts suggest a balance between US and international investments is essential, particularly given ongoing concerns about tariffs and trade risks. The growing trend in active ETFs, which offer both management transparency and liquidity, is also changing the landscape of investment strategies.
Source: YAHOO
Reported 4 months ago
During his visit to the Middle East, President Trump announced that Qatar Airways has placed the largest single order for Boeing aircraft in the company's history, purchasing 160 planes. This deal is part of a series of agreements made during the trip, with recent developments showing a thawing of relations as China has also reversed its ban on Boeing deliveries.
Source: YAHOO
Reported 4 months ago
The House is in session as Speaker Mike Johnson (R-La.) seeks to finalize a GOP tax bill, with the state and local tax (SALT) deduction cap becoming a significant obstacle. Johnson's proposal to triple the current SALT deduction to $30,000 has faced pushback from certain Republican members, leading to negotiations that may affect the bill's timeline. With critical decisions expected, lawmakers aim for a finalized version to be ready for a vote next week.
Source: YAHOO
Reported 4 months ago
A new research report suggests that Alphabet may need to be broken up to maximize shareholder value. Analyst Gil Luria argues that the company's conglomerate structure is limiting its valuation, drawing parallels with companies like Xerox and GE that lost their edge by becoming too large. Following a recent legal ruling against Google for monopolizing the search engine market, Luria estimates that a breakup could elevate Alphabet’s stock price from around $260 to $300, but emphasizes that the decision depends on the company's founders.
Source: YAHOO
Reported 4 months ago
The recent reduction of US tariffs on China from 145% to 30% has spurred optimism in the stock market; however, experts caution that this improvement may not last. Although discussions between US and Chinese officials are ongoing, uncertainties remain regarding the permanence of the tariffs and the potential for renewed trade tensions. Economic slowdown and the possibility of a mild recession in the US further complicate the outlook as market reactions are heavily dependent on the Federal Reserve's policy.
Source: YAHOO
Reported 4 months ago
Woodside Energy, Australia's leading gas producer, has entered a non-binding agreement with Saudi Aramco to explore a potential stake acquisition in a $17.5 billion liquefied natural gas project in Louisiana. This follows Woodside's recent approval to build the facility, attracting investor interest amid strong demand for LNG. The project is on track to deliver its first gas by 2029, with both companies also considering collaborations in LNG offtake and lower-carbon ammonia.
Source: YAHOO
Reported 4 months ago
油價在周三的早盤交易中持平於近兩週高點，受益於美國和中國同意暫時減少彼此的關稅以及美元走弱。布倫特原油期貨小跌10美分，西德州中級原油小跌7美分。貿易戰的暫停協議令市場情緒改善，但分析師警告仍可能受到關稅的影響。同時，美國汽油和馏分油庫存減少，顯示燃料需求穩定。
Source: YAHOO
Reported 4 months ago
CSX reported a substantial financial impact in Q1, losing $1 million daily amidst challenges from hurricane recovery efforts and tunnel construction. The railroad's CFO, Sean Pelkey, revealed that the company missed out on $100 million in revenue opportunities due to network constraints. As reconstruction progresses in Tennessee and tunnel work in Baltimore is ahead of schedule, CSX anticipates improved performance, with intermodal service reliability contributing to volume growth. The company is also focusing on operational efficiencies and future investments to enhance its service.
Source: YAHOO
Reported 4 months ago
Samsung Electronics has announced its intention to acquire German cooling system manufacturer FlaktGroup for 1.5 billion euros ($1.68 billion) to cater to the increasing demand for data center cooling solutions, particularly amid the AI project surge. This marks Samsung's most significant acquisition in eight years, although analysts suggest it may not significantly impact the company's core chip business growth, as it focuses more on enhancing its consumer electronics division.
Source: YAHOO
Reported 4 months ago
Israeli trading platform eToro is looking to raise approximately $620 million in an upsized U.S. initial public offering, offering shares at $52 each, exceeding its target range. The company plans to start trading on the Nasdaq Global Select Market under the symbol 'ETOR' on May 14. This follows a previous failed attempt to go public through a SPAC in 2022 and recent regulatory adjustments limiting its U.S. crypto offerings.
Source: YAHOO
Reported 4 months ago
Australia's corporate regulator, ASIC, has initiated legal proceedings against Macquarie Securities for allegedly misleadingly reporting millions of short sales over a span of 14 years, with inaccuracies totaling at least 73 million shares. The action follows a series of regulatory issues faced by Macquarie Group, including significant fines for compliance failures. ASIC is also calling for an independent review of Macquarie Securities’ reporting systems.
Source: YAHOO
Reported 4 months ago
The California insurance regulator has approved State Farm's request to raise premiums by 17% for homeowners in the state to help stabilize the insurer's finances after recent wildfires. This increase, affecting about 1 million customers, follows a series of regulatory changes aimed at encouraging insurers to continue offering policies in high-risk areas. Although State Farm initially sought a 22% increase, they settled for 17% in a recent hearing. The new rates will take effect in June, with a temporary pause on some policy nonrenewals.
Source: YAHOO
Reported 4 months ago
As Apple attempts to diversify its supply chain beyond China, experts highlight the continued reliance on Chinese manufacturing for crucial components. Patrick McGee, a Financial Times correspondent and author, argues that Apple's moves to shift assembly to India are largely superficial and do not significantly de-risk the company's dependence on China. He contends that while Apple publicly claims to source from multiple countries, the reality remains that much of its manufacturing relies heavily on Chinese infrastructure and labor.
Source: YAHOO
Reported 4 months ago
Global sales of electric and plug-in hybrid vehicles grew by 29% year-on-year in April, with strong gains in China and Europe despite ongoing trade tensions. However, North America experienced its first sales decline since September, primarily due to a 25% import tariff and uncertainties surrounding emissions standards. Notably, European automakers surpassed Tesla in EV sales as the latter faced a decline in market share ahead of an upcoming Model Y revamp.
Source: YAHOO
Reported 4 months ago
China's chip equipment manufacturing sector, driven by companies like SiCarrier and supported by government initiatives to reduce reliance on foreign suppliers, has made significant strides, increasing its domestic market share from 5.1% in 2020 to 11.3% in 2024. Despite challenges, particularly the denial of advanced lithography technology from ASML, Chinese firms have shown promise in areas like photo-resist removal and cleaning, with companies such as Naura and Advanced Micro-Fabrication Equipment Inc. experiencing substantial revenue growth.
Source: YAHOO
Reported 4 months ago
SiCarrier, a Chinese chip equipment maker closely associated with Huawei, is aiming to raise $2.8 billion in its first fundraising round to expand its operations and become the leading domestic provider of chipmaking equipment. Founded in 2021, SiCarrier has gained attention in the semiconductor industry, despite having limited product readiness. The Shenzhen government is looking to sell a stake in SiCarrier, and interest from state-owned firms and venture capital is high, as the company competes to overcome U.S. export restrictions and establish itself in a crucial technological field.
Source: YAHOO
Reported 4 months ago
Market Domination Overtime co-hosts Julie Hyman and Josh Lipton preview May 14's key stories, including earnings reports from Cisco Systems and CoreWeave, along with fresh insights from the Federal Reserve. Analysts anticipate strong demand for Cisco's AI-related services, while CoreWeave's first earnings as a public company will focus on its growth strategies beyond Microsoft revenue.
Source: YAHOO
Reported 4 months ago
Bain Capital announced its withdrawal from the bidding for Insignia Financial, an Australian wealth management firm, due to global capital market volatility. The firm had been in a competitive bidding scenario against CC Capital, with Bain previously raising its offer to A$3.34 billion. Insignia continues discussions with CC Capital, which is still working towards a binding bid.
Source: YAHOO
Reported 4 months ago
Coinbase shares surged by 24% after the announcement that the cryptocurrency exchange will be included in the S&P 500. The stock broke out of an inverse head and shoulders pattern, with key resistance levels at $273 and $330, while support is noted around $208. This inclusion marks a significant milestone for Coinbase, which is set to replace Discover Financial Services in the index.
Source: YAHOO
Reported 4 months ago
Elon Musk's companies continue to prosper due to his close relationship with the Trump administration, as demonstrated at the Saudi-US Investment Forum where he announced new business deals with the Saudi government, including Starlink approvals. His influence has elevated the visibility of his ventures like Tesla and SpaceX, with significant government contracts and support rallying behind him since Trump's rise to power.
Source: YAHOO
Reported 4 months ago
April's Consumer Price Index (CPI) data shows flat new vehicle prices, surprising analysts, as automakers like Honda announce significant profit drops due to tariffs. Automakers have been working through inventory, leading to near-term price stability, but the long-term impact of tariffs and currency fluctuations raises concerns about the profitability of Japanese automakers.
Source: YAHOO
Reported 4 months ago
Coinbase Global is set to join the S&P 500 on May 19, replacing Discover Financial Services, following a significant 25% rise in its shares. Analysts are optimistic about Coinbase's prospects amid a revitalized US crypto market under the Trump administration, highlighting its dominance with a 66% market share. This inclusion marks a pivotal moment for the cryptocurrency sector, as Coinbase becomes the first crypto company listed in the S&P 500, potentially increasing mainstream exposure to digital assets.
Source: YAHOO