Reported 4 months ago
A disappointing GDP contraction of 0.3% in Q1 2025 spooked investors, leading to a sell-off in energy stocks including ConocoPhillips, Chevron, and Cheniere Energy, which dropped by 2%, 2.2%, and 3.6% respectively. Concerns over reduced oil demand due to economic slowdown, coupled with specific downgrades for Cheniere, created a bearish sentiment in the oil and gas sector.
Source: YAHOO
Reported 4 months ago
Newell Brands Inc. reported a disappointing first-quarter earnings report with a small adjusted loss per share, leading to a 7.45% decline in stock value. The company revealed that a potential 125% China tariff could impact its earnings significantly if it persists, although they are optimistic about mitigation strategies. Despite the setback, Newell maintains its adjusted EPS guidance for FY2025, indicating expectations for future sales and performance.
Source: YAHOO
Reported 4 months ago
Crude oil prices are set to experience their steepest monthly decline since 2021, with West Texas Intermediate falling over 16% and Brent crude nearly 17% this month. This drop is driven by concerns over a potential global economic downturn and lower demand linked to tariffs arising from the US-China trade conflict. Reports indicate that Saudi Arabia may be open to maintaining lower prices for an extended period while OPEC+ considers increasing oil supply in June, adding to market uncertainty.
Source: YAHOO
Reported 4 months ago
U.S. stocks managed to regain some losses on Wednesday, despite initial declines due to reports of the economy contracting for the first time since 2022. Specifically, inflation-adjusted consumer spending increased in March, providing some optimism amidst concerns about rising tariffs. Major companies like Microsoft and Meta are expected to report earnings, while Visa reported strong Q2 results despite a premarket stock dip, and Starbucks faced challenges with sales declines.
Source: YAHOO
Reported 4 months ago
Nuvve Holding has acquired the majority of assets from Fermata Energy, a vehicle-to-grid (V2G) platform company, through its new subsidiary, Fermata Energy II, for approximately $659,000. This acquisition aims to enhance bidirectional energy solutions and integrate V2G technology with advanced AI-based grid management tools, benefiting electric vehicle fleet operators and utility companies. Leadership will be shared between Nuvve CEO Gregory Poilasne and COO Hamza Lemsaddek, emphasizing a commitment to energy transition and operational continuity.
Source: YAHOO
Reported 4 months ago
JPMorgan Chase has announced the appointment of Andrew Kresse and Brian Lamb to lead two significant sectors in its commercial banking division. This change follows a leadership reshuffle earlier this year, with Kresse co-heading the Innovation Economy sector alongside John China, while Lamb will lead the Specialized Industries sector. Both will report to co-heads Melissa Smith and Matt Sable.
Source: YAHOO
Reported 4 months ago
As economic uncertainty rises in the U.S., with consumer confidence at a five-year low and fears of recession growing, financial experts advise individuals to take stock of their finances, cut unnecessary expenses, and prioritize mental health. Strategies include creating an emergency fund, regularly adjusting budgets, and managing debt effectively. Staying calm in the face of market volatility and focusing on controllable financial aspects can also help alleviate stress during these challenging times.
Source: YAHOO
Reported 4 months ago
In a strategic move to ease trade tensions, China has created a list of US goods exempt from its 125% tariffs while President Trump maintains that China's costs will ultimately impact American consumers. Amidst rising skepticism about the tariffs' effectiveness, Trump acknowledges potential supply shortages and price increases but defends the tariffs, suggesting they are necessary to protect US interests. While some US industries, particularly automotive, may receive tariff relief, cargo shipments have drastically declined, raising concerns of economic slowdown.
Source: YAHOO
Reported 4 months ago
Bernstein, a wealth management firm, has lowered its price target for Meta (META) from $800 to $700 but maintains an Outperform rating, citing healthy ad sales in Q1 and expected improvements from new assets and AI initiatives. In contrast, Loop Capital has become more cautious, reducing its target to $695 and predicting lower Q2 sales due to decreased revenue from Chinese marketers.
Source: YAHOO
Reported 4 months ago
Meta Platforms正在推出一個免費的人工智慧（AI）應用程式，旨在與OpenAI的ChatGPT和Alphabet的Google Gemini競爭。這一新應用程式可在桌面和移動設備上使用，Meta希望藉此在AI領域增強其競爭力。
Source: YAHOO
Reported 4 months ago
Walmart has reinstated a minimum basket fee of $6.99 for customers using EBT payments under the SNAP program and those subscribed to Walmart+ Assist, applicable for orders under $35. This fee had been waived during the COVID-19 pandemic and comes as Walmart anticipates a challenging financial year amid decreased spending by low-income shoppers. The retailer aims to manage costs while growing its Walmart+ membership, which provides discounts and boosts customer loyalty.
Source: YAHOO
Reported 4 months ago
U.S. stock markets, including the Dow, S&P 500, and Nasdaq, fell on Wednesday following disappointing economic indicators showing the first contraction of the U.S. economy in three years, raising concerns over tariffs and inflation. The S&P 500 dropped approximately 0.5%, and the Nasdaq declined by 0.8%. Investors are now bracing for earnings reports from major tech companies like Microsoft and Meta, as they navigate the potential impacts of fluctuating trade policies and a challenging economic environment.
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
According to Wedbush Securities analyst Dan Ives, hardware companies like Apple (AAPL) and Nvidia (NVDA) face significant uncertainty, with software being the only safe haven in tech. Despite some delays in AI and cloud projects, most are on track, and companies like Microsoft, Amazon, and Palantir are expected to benefit. Ives advises focusing on AI stocks for better returns over hardware investments.
Source: YAHOO
Reported 4 months ago
GlobalData, a UK-based data analytics and consulting firm, has announced it received preliminary takeover bids from private equity firms ICG and KKR, causing its shares to surge by up to 35.9%. The company is currently in discussions with both parties, who must formalize their offers by May 28. Despite a nearly 29% drop in shares this year, GlobalData reported a 32% annual profit growth and aims for significant revenue increases by 2026.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Elon Musk, CEO of Tesla (TSLA), has made a significant decision to focus on the automaker as he approaches the conclusion of his White House tenure, according to Wedbush analyst Dan Ives. This decision comes at a crucial time for Tesla, which is advancing initiatives such as autonomous robotaxis and new electric vehicles. Ives emphasizes that Tesla needs its leader at this moment, particularly following a pivotal earnings call that could shape the company's future.
Source: YAHOO
Reported 4 months ago
STMicroelectronics has declined a request from the Italian government to allow shareholders to vote on the appointment of Marcello Sala to its supervisory board. Despite the combined 27.5% stake owned by the Italian and French governments, the board refused to convene an extraordinary general meeting, standing by CEO Jean-Marc Chery amidst ongoing dissatisfaction from Italy regarding leadership. The annual general meeting on May 28 will include a vote on another candidate, Simonetta Acri, but it's too late to alter the agenda for Sala's vote.
Source: YAHOO
Reported 4 months ago
Accidents are inevitable in commercial trucking, and how fleets react post-incident greatly impacts insurance and liability. Key strategies involve ensuring safety, prompt communication with insurance, timely claim submission, and thorough documentation, including photos and driver statements. Training and safety cultures are crucial for better insurance options, as they improve risk profiles and minimize liabilities. Effective preparation and immediate response procedures can significantly influence outcomes following an accident.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Nvidia's stock fell by 2.5% as the U.S. GDP surprisingly dropped by 0.3% in Q1, attributed to increased import activity before new tariffs. The company's decline is compounded by poor preliminary results from key customer Super Micro Computer, which lowered its sales and earnings expectations, suggesting weakening demand for Nvidia's AI processors.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
A group of former central bankers recommends that the Federal Reserve abandon its current employment-focused policy established during the pandemic, advocating instead for a stronger emphasis on maintaining inflation at its 2% target. They argue that the existing framework is ill-suited for managing inflation risks during full employment and risked delaying necessary actions amid rising inflation pressures. This recommendation comes as the Fed conducts a review of its policy strategies following struggles with inflation.
Source: YAHOO
Reported 4 months ago
Airbus has called for the reinstatement of a 1979 agreement allowing duty-free trade for aircraft and parts, a status that has been undermined by recent trade conflicts. CEO Guillaume Faury warned that a prolonged tariff dispute would result in losses, particularly in the U.S., which hosts the largest aerospace parts manufacturing sector.
Source: YAHOO
Reported 4 months ago
GeneDx Holdings' stock plummeted by 42.9% following the release of its Q1 2025 earnings report, which, despite exceeding revenue and adjusted earnings expectations, failed to meet market expectations built on past performance. The company's revenue grew 42% year-over-year to $87.1 million, but lowered expectations on future revenue growth and a decline in test volume contributed to investor disappointment.
Source: YAHOO