Reported 4 months ago
Apple is expected to release its fiscal Q2 earnings after the market closes on Thursday. Analyst Tom Forte highlights the importance of this report amidst ongoing challenges such as tariffs and supply chain issues. The earnings call is anticipated to tackle how Apple navigates these obstacles, especially given the rising costs and decreased sales in key markets like China. Investors are keen to see whether the recent stock decline has already priced in the potential bad news.
Source: YAHOO
Reported 4 months ago
In a recent episode of 'The Big Idea,' T.D. Jakes, the CEO of T.D. Jakes Group, discussed the significance of real estate as a key avenue for building wealth while simultaneously contributing to community welfare. He emphasized that purpose-driven entrepreneurs often find success by solving social issues, particularly through mixed-use real estate developments that foster diverse communities, combat food deserts, and improve housing conditions. Jakes shared his personal journey in real estate, highlighting the importance of relationships and purpose in business while encouraging aspiring entrepreneurs to view hardships as educational experiences essential for growth.
Source: YAHOO
Reported 4 months ago
Tools for Humanity, co-founded by OpenAI CEO Sam Altman, is launching thousands of eye-scanning Orb devices across six US cities, including San Francisco and Los Angeles. This technology aims to verify human identity amidst the rise of AI deepfakes. Those who participate can receive a cryptocurrency token named Worldcoin. More than 12 million users globally have already employed this identification tool, although it has faced regulatory scrutiny in various countries. The company is also collaborating with Match Group to introduce age verification technology in Japan.
Source: YAHOO
Reported 4 months ago
Ryanair's CEO Michael O'Leary stated that the airline may seek alternative aircraft suppliers, including Chinese manufacturer COMAC, if U.S. tariffs significantly impact the price of its Boeing orders. Ryanair is expected to receive its final 29 aircraft from a 210-plane order by March next year, along with firm orders for an additional 150 MAX 10 jets. O'Leary's comments come amid warnings about security concerns related to purchasing Chinese aircraft, although he remains open to consideration of COMAC if prices are favorable.
Source: YAHOO
Reported 4 months ago
President Donald Trump admitted that his extensive tariff program poses political risks, potentially jeopardizing Republican control in midterm elections. Despite concerns from investors, he emphasized that he won't rush into deals and believes he can convince the public of the benefits of his approach. He mentioned ongoing negotiations with South Korea, Japan, and India, and expressed a willingness to negotiate with China on favorable terms. Trump defended his economic agenda amid a recent contraction in the U.S. economy, claiming his tariffs are encouraging domestic investment.
Source: YAHOO
Reported 4 months ago
Amazon plans to construct dozens of warehouses in rural areas across the U.S. by the end of next year, aiming to enhance its delivery network and reduce reliance on external carriers. The initiative, part of a broader strategy initiated in 2020, will involve approximately 210 delivery stations and is expected to create 100,000 jobs, reflecting a significant investment of $4 billion towards establishing a dedicated rural delivery system.
Source: YAHOO
Reported 4 months ago
Qualcomm Inc. saw its shares drop over 5% after issuing a subdued revenue forecast, predicting sales between $9.9 billion to $10.7 billion, slightly below analyst expectations. This has reignited worries about the potential impact of tariffs on smartphone demand, particularly as Qualcomm relies heavily on the Chinese market. Despite not feeling immediate tariff effects, executives cautioned that indirect impacts remain uncertain, leading to concerns among investors.
Source: YAHOO
Reported 4 months ago
Apple is set to announce its second-quarter earnings amidst ongoing concerns over the impact of President Trump's tariffs. The company may show increased earnings but faces uncertainties in future growth due to potential tariff changes. Analysts predict a decline in iPhone revenue but expect gains in other product categories, while Apple aims to shift more production to India to mitigate tariff effects.
Source: YAHOO
Reported 4 months ago
Amazon is set to release its first-quarter earnings report, with expectations for earnings per share of $1.36 and revenue of $155.1 billion. This follows a dispute with the Trump administration over potential tariff impacts on product prices, which the company has denied will affect its e-commerce site. Investors are keen on understanding how tariffs may influence Amazon's business, amidst ongoing investments in AI technologies.
Source: YAHOO
Reported 4 months ago
Selecting the right rewards credit card can lead to significant savings on everyday expenses. With options like cash back, store discounts, and travel rewards, it's essential to analyze your spending habits to find a card that aligns with your lifestyle. Yahoo Finance's Ben Walker provides insights on the types of rewards cards available and how to determine which one offers the best benefits for your financial goals.
Source: YAHOO
Reported 4 months ago
The Trump administration has reportedly reached out to Beijing to start discussions on tariff reductions, signaling a potential easing of strained trade relations, despite President Trump's insistence that China make the first move. While Trump remains firm on imposing high tariffs on Chinese imports, with cargo shipments decreasing significantly, Chinese state media cautions that they will not engage unless the U.S. takes substantial actions. Meanwhile, there are indications of tariff relief for certain sectors, such as automakers, amidst growing concerns over the negative impacts of high tariffs on the economy.
Source: YAHOO
Reported 4 months ago
In April, President Trump began easing his previously hardline tariff measures, marking a notable shift in his trade policy. After implementing historic tariffs, he made at least five significant rollbacks, including a pause on reciprocal tariffs and exemptions for key technology imports from China. While stock markets reacted positively to these moves, uncertainty remains as Trump's concessions are described as temporary, maintaining the potential for future disruptions in trade negotiations.
Source: YAHOO
Reported 4 months ago
At a recent news conference, Bank of Japan Governor Kazuo Ueda maintained the current interest rates while downgrading growth forecasts due to uncertainties surrounding U.S. tariffs. Despite challenges, he expects inflation to remain on course to reach the 2% target over the next few years, albeit with potential delays. Ueda highlighted concerns about global trade dynamics and emphasized the need for a cautious approach to monetary policy amid fluctuating economic conditions.
Source: YAHOO
Reported 4 months ago
Rolls-Royce, the British engineering firm, expressed confidence in achieving its 2025 profit targets despite uncertainties stemming from global tariffs. The company is implementing a transformation plan to enhance margins and adapt to changing market conditions. CEO Tufan Erginbilgic highlighted their proactive measures to counter the effects of tariffs imposed amidst the ongoing trade tensions between the U.S. and China.
Source: YAHOO
Reported 4 months ago
The International Monetary Fund reports that tariffs, fluctuating oil prices, and various uncertainties are adversely impacting the economies of Middle Eastern countries.
Source: YAHOO
Reported 4 months ago
The International Monetary Fund has highlighted significant economic growth challenges for countries in the Middle East and North Africa, attributing these issues to tariff measures, declining oil prices, and cuts in financial aid.
Source: YAHOO
Reported 4 months ago
The International Monetary Fund (IMF) warns that Middle Eastern and North African economies are facing significant growth challenges due to tariff measures, declining oil prices, and reduced financial aid. The IMF report forecasts oil prices to average between $65 to $69 per barrel, making energy-dependent economies vulnerable. Moreover, geopolitical tensions and cuts in foreign assistance, particularly from the U.S., are contributing to economic uncertainty, potentially leading to a growth reduction of 2% to 4.5%. While some Gulf economies continue to attract foreign investment, others in the region struggle. The IMF suggests that structural reforms and economic diversification can help drive growth despite the challenges.
Source: YAHOO
Reported 4 months ago
According to the Dutch economic policy advisor CPB, the trade tariffs announced by U.S. President Donald Trump could diminish the Netherlands' economic growth by one percentage point through 2026. The CPB forecasts a reduction of 0.4 percentage points in growth for this year and 0.6 percentage points in 2026, with investments taking the largest hit due to global economic uncertainty. Despite this, Dutch exports will be less severely affected since trade with the U.S. comprises only 6% of total exports.
Source: YAHOO
Reported 4 months ago
Tesla Chair Robyn Denholm stated that reports about the board seeking a new CEO to replace Elon Musk are completely false, emphasizing their confidence in Musk’s leadership and the company's growth plans.
Source: YAHOO
Reported 4 months ago
Crypto enthusiasts flocked to Dubai for a conference as excitement over Donald Trump's crypto policies fades. Despite a drop in cryptocurrency prices, the industry is seeing significant investments, with the UAE emerging as a key hub for crypto firms. Speakers included major industry leaders and Eric Trump, who highlighted ongoing support for crypto adoption in the region.
Source: YAHOO
Reported 4 months ago
The Bank of Japan has lowered its growth and inflation forecasts while maintaining interest rates, leading to a decline in the yen against the dollar and a drop in Japanese government bond yields. Economists suggest that the BOJ's cautious stance reflects uncertainty stemming from U.S. trade policies, making future rate hikes less likely. This pessimistic outlook has prompted market reactions, including a sell-off of yen and an increase in bond purchases.
Source: YAHOO
Reported 4 months ago
Global shares saw a rise in subdued trading on Labor Day, as many markets were closed. The S&P 500 futures jumped 1.5%, and Tokyo's Nikkei gained 1.1%. The Bank of Japan kept interest rates unchanged but scaled back economic growth forecasts, raising concerns about the impact of U.S. policies. Investors remain wary of the uncertainty driven by President Trump's trade war, which has led to fears of stagflation in the U.S. economy.
Source: YAHOO
Reported 4 months ago
Fonterra is reportedly attracting bids from companies including Meiji, Lactalis, Saputo, and Warburg Pincus for its global consumer businesses, which encompass brands like Mainland butter and Anlene milk powder. The potential sale is valued at approximately NZ$4 billion as Fonterra aims to refocus on its core milk processing activities. The company plans to finalize its decision on either divesting or pursuing an IPO by mid-2025, holding a vote among farmer shareholders for their input.
Source: YAHOO
Reported 4 months ago
Thailand's finance minister announced plans to negotiate tariffs to align them with those of trade competitors, in response to expected temporary economic disruptions from U.S. tariffs. The country is particularly affected by a potential 36% tariff set to take effect if a reduction is not negotiated before July.
Source: YAHOO
Reported 4 months ago
Australia has recorded its best export performance to the United States, achieving a trade surplus of A$4.1 billion in the first quarter of 2025, largely driven by a surge in gold exports amidst President Trump's tariff policies. Gold exports rose dramatically as U.S. buyers sought to stock up on gold amid market uncertainty, which contributed to Australia's overall goods surplus of A$6.9 billion in March, surpassing market expectations.
Source: YAHOO