Reported 4 months ago
Shares of the 'Big Three' automakers—General Motors, Ford, and Stellantis—increased following news of a new US-China trade agreement that will reduce tariffs for 90 days. This deal comes as previous tariffs were impacting profits due to the automakers' reliance on Chinese parts, prompting significant warnings from GM about potential profit losses.
Source: YAHOO
Reported 4 months ago
Brazil's Finance Minister Fernando Haddad stated that the US should adopt a more favorable outlook towards Latin America, emphasizing the potential benefits of industrial growth in the region. He highlighted Brazil's commitment to a multilateral approach, balancing relationships with both the US and China. Haddad also mentioned upcoming initiatives to bolster Brazil's data center industry, aiming to reduce dependence on imports and utilize the country's abundant renewable energy sources.
Source: YAHOO
Reported 4 months ago
Pan American Silver Corp.宣布将以21亿美元收购MAG Silver Corp.的股份，交易将以现金和股票的形式进行，MAG股东将获得平均每股20.54美元的补偿。此次收购将显著增强Pan American的价值，增加对高品质银矿Juanicipio的股权，并预计在2025年将生产出65万至73万盎司的银。此交易预示着Pan American在银业的进一步扩展及增长机遇。同时，此次收购也被认为将提升Pan American在2025年的自由现金流，并增加其勘探潜力。
Source: YAHOO
Reported 4 months ago
American Bitcoin, a Bitcoin mining venture backed by Eric Trump and Donald Trump Jr., plans to go public through an all-stock merger with Gryphon Digital Mining on the Nasdaq. Existing shareholders, including the Trump brothers and Hut 8, will hold 98% of the new entity. This move is part of the Trump family's growing involvement in the crypto market, amidst President Trump's push for U.S. leadership in the industry. The merger is expected to finalize in the third quarter of 2025, with Eric Trump remaining as chief strategy officer.
Source: YAHOO
Reported 4 months ago
Fox Corp announced its new subscription-based streaming service, 'Fox One', set to launch before the upcoming American football season, as it seeks to expand beyond cable TV. The company reported better-than-expected quarterly earnings, driven by a surge in advertising revenue from 'Super Bowl LIX', and saw shares rise 5%. The CEO hinted at potential partnerships with other streaming services to enhance viewership. Revenue increased by 27% to $4.37 billion, surpassing analyst estimates, with advertising income climbing significantly.
Source: YAHOO
Reported 4 months ago
Following a recent trade truce, U.S. customers may find it easier to obtain export permits for rare earths from China, although a complete removal of existing restrictions is not anticipated. China implemented export controls in retaliation to U.S. tariffs, requiring all exporters to secure licenses. While the approval process could be expedited for U.S. clients, the broader restrictions remain in place as part of China's strategy to maintain control over critical minerals, essential for various sectors, including defense and technology.
Source: YAHOO
Reported 4 months ago
On May 12, Fox Corporation released its fiscal third-quarter results, outperforming analyst predictions with an adjusted earnings per share of $1.10 and a revenue of $4.37 billion, a 27% increase year-over-year. The significant 65% rise in advertising revenue was attributed to Super Bowl LIX and digital growth from its Tubi service, contributing over $800 million in ad revenue. The game attracted an average audience of 127.7 million viewers, peaking at 137.7 million.
Source: YAHOO
Reported 4 months ago
A recent tariff agreement between the U.S. and China, which includes a 90-day reduction of tariffs, was welcomed by Chinese official media but met with skepticism by the public on social media. Despite positive statements from U.S. officials and Chinese state media recognizing the talks as beneficial, many users expressed doubt regarding the reliability of U.S. intentions, particularly under President Trump, noting the complexities of ongoing trade tensions.
Source: YAHOO
Reported 4 months ago
Tech stocks experienced a significant rally on Monday as the US and China announced a temporary reduction of tariffs for 90 days, providing relief to the market. Shares of the Magnificent Seven, including Tesla, Alphabet, and Apple, saw notable increases, along with chipmakers like Marvell and Broadcom. This positive news comes after a turbulent period for tech stocks triggered by earlier tariff announcements.
Source: YAHOO
Reported 4 months ago
Hub International, a major global insurance broker, has reached a valuation of $29 billion following a $1.6 billion minority investment led by T. Rowe Price and Temasek. This marks a significant increase from its previous valuation of $23 billion in 2023. The investment will allow Hub to pursue further acquisitions in a fragmented market while providing liquidity to existing shareholders. Established in 1998 and publicly traded since 1999, Hub now employs over 19,000 people and generated $4.8 billion in revenue in 2024.
Source: YAHOO
Reported 4 months ago
A recent U.S.-China agreement to pause tariffs for 90 days has led to a surge in global stock markets and the dollar, although investors remain wary of the durability of this truce. U.S. Treasury Secretary Scott Bessent announced a significant reduction in tariffs, with U.S. tariffs on Chinese goods dropping to 30% and Chinese tariffs on U.S. imports at 10%. While the market reacted positively, analysts caution that achieving a final deal could be prolonged, and concerns about global economic impacts persist as policymakers navigate the ongoing uncertainties.
Source: YAHOO
Reported 4 months ago
The United States and China have officially established a new Economic and Trade Agreement, which includes a 90-day suspension of tariffs in an effort to facilitate further negotiations. This landmark deal seeks to fortify economic ties between the two nations, with particular emphasis on intellectual property protections and trade secret safeguards. Both countries acknowledge the importance of expanded trade and cooperation in the logistics sector, marking a significant shift in their economic relationship and addressing long-standing trade concerns.
Source: YAHOO
Reported 4 months ago
Anheuser-Busch InBev announced plans to invest $300 million in its US manufacturing operations this year, including a new plant in Columbus, Ohio. This investment comes as part of the company's strategy to boost local production and follow a significant $2 billion investment over the past five years. Despite a drop in sales volumes, the brewer reported a substantial rise in first-quarter profits, indicating a focus on key brands like Budweiser and growing at-home consumption.
Source: YAHOO
Reported 4 months ago
The recent agreement between the US and China to reduce tariffs for 90 days has initially boosted stock market optimism. However, analysts warn that underlying economic pressures remain, and the sustainability of this positive sentiment depends on future tariff negotiations and economic impacts. While some sectors, particularly technology, may benefit, others like consumer goods companies might still face challenges due to lingering tariff effects.
Source: YAHOO
Reported 4 months ago
U.S. stock futures are surging after a U.S.-China trade deal announced an agreement to cut tariffs on each other's goods for 90 days, leading to significant gains in tech and automaker stocks. While stocks like Tesla and Nvidia are experiencing sharp increases, pharmaceutical shares are declining due to President Trump's commitment to reduce drug prices.
Source: YAHOO
Reported 4 months ago
Crown Prince Mohammed bin Salman has launched 'Humain', a new company focused on developing and managing artificial intelligence technologies in Saudi Arabia, as part of the nation's broader Vision 2030 economic diversification plan. The initiative aims to establish the kingdom as a global AI hub and will provide services such as data centers and advanced AI models, under the auspices of the Public Investment Fund.
Source: YAHOO
Reported 4 months ago
Vertical Aerospace is developing a long-range hybrid-electric version of its VX4 air-taxi, aiming to extend its presence in commercial sectors such as defense and logistics. This new variant is designed for a range of up to 1,000 miles and a payload capacity of 1,100 kilograms, significantly enhancing its capabilities compared to its electric counterpart. The company plans to start flight testing in 2026 and aims for certification by 2028, in response to the growing demand for efficient urban transport solutions.
Source: YAHOO
Reported 4 months ago
In the wake of Take-Two Interactive's delay of 'Grand Theft Auto VI' to next May, competing game publishers like Electronic Arts are seizing the opportunity to schedule their releases for the fall window. Analysts expect a surge in announcements as the absence of the highly anticipated title allows other games to avoid clashes with GTA VI, thereby boosting potential sales. However, increased competition in a tightening market raises questions about the overall impact on the gaming industry's growth for 2025.
Source: YAHOO
Reported 4 months ago
The United States and China have reached a significant agreement to pause tariffs for 90 days and reduce reciprocal duties, which has sparked a surge in stock markets and the dollar. This development follows the first direct talks since President Trump returned to office and has led to mixed market sentiments, with analysts cautioning against over-optimism as the long-term impact of tariffs remains uncertain. The deal is seen as a positive step towards mitigating trade conflicts, although concerns about future negotiations and tariff levels persist.
Source: YAHOO
Reported 4 months ago
Coeur Mining, Inc. (CDE) has emerged as one of the leading gold stocks favored by billionaires, underpinned by the rising demand for gold amid ongoing geopolitical tensions and inflation fears. As of March 2025, gold prices reached record levels, resulting in significant returns for the precious metals market. Coeur Mining reported impressive sales growth and strong production forecasts, reinforcing its position in the gold sector. The company ranks eighth in terms of billionaire investor interest, highlighting its potential amidst a broader trend of investor diversification into precious metals.
Source: YAHOO
Reported 4 months ago
Pan American Silver Corp. (PAAS) is highlighted as one of the best gold stocks to invest in according to billionaires, praised for its strong financial performance and strategic project developments. With robust revenues and earnings reported in Q1 2025, the company is positioned well amidst rising gold prices fueled by inflation concerns and geopolitical tensions. Notably, PAAS ranks 9th in a recent analysis of gold stocks favored by wealth investors, reflecting its potential in the metals sector as billionaire interest in mining stocks grows.
Source: YAHOO
Reported 4 months ago
Conagra Brands is investing nearly $30 million to upgrade its plant in Macon, Missouri, which produces Healthy Choice and Marie Callender’s meals. This investment will create 26 new jobs, enhancing the site's food cooling capabilities and replacing outdated equipment. The project, supported by Missouri’s Department of Economic Development, marks a commitment to growth in the local community.
Source: YAHOO
Reported 4 months ago
Franco-Nevada Corporation (NYSE:FNV) is highlighted as one of the best gold stocks to invest in, based on insights from billionaires and its strong market performance amidst rising gold prices. With a focus on precious metals and impressive financial growth, including a 43% revenue increase, FNV attracts attention from investors seeking a reliable asset amidst global economic uncertainty. Despite the interest in AI stocks, FNV remains a solid choice for long-term investment in the metals sector.
Source: YAHOO
Reported 4 months ago
As the annual upfront ad-selling season begins, uncertainty surrounding tariffs raises concerns over potential impacts on the U.S. television industry. Major media companies are preparing for high-profile presentations to secure advertising commitments, but analysts predict a decline in spending due to fears of a recession linked to ongoing tariff negotiations, especially with China. While some companies remain optimistic about ad revenue, the overall landscape suggests a cautious approach as brands assess the cost of cutting ad expenditures amidst economic turmoil.
Source: YAHOO
Reported 4 months ago
Hecla Mining Company (NYSE:HL) is highlighted as one of the best gold stocks to invest in, according to a recent compilation of billionaire stock preferences. With rising gold prices and increased demand for safe-haven assets amid global uncertainties, Hecla has demonstrated strong financial performance, marking record revenues and notable production increases. The company has garnered significant attention from wealthy investors, illustrating its potential amidst ongoing market trends favoring gold and precious metals.
Source: YAHOO