Reported 15 days ago
Nvidia is on the verge of becoming the first company to achieve a $4 trillion market capitalization, building on its previous milestone of $1 trillion. Despite initial concerns over AI spending this year, Nvidia’s stock has rebounded significantly, fueled by robust demand for its computing systems from major clients like Microsoft and Amazon. Analysts remain bullish, anticipating that Nvidia will maintain its strong market position as AI spending grows, although potential risks, including customer shifts and trade policy impacts, linger.
Source: YAHOO
Reported 15 days ago
Nike's stock surged 15% after the company announced that decline in profit and sales would be less severe than previously anticipated, despite projected tariff costs nearing $1 billion. The company plans to reduce its dependency on Chinese manufacturing while implementing price increases in the US. Though facing challenges from tariffs and decreased consumer confidence, Nike reported a smaller-than-expected revenue decline in its recent quarter.
Source: YAHOO
Reported 15 days ago
The S&P 500 has set a new record close for the first time since February, raising discussions about its valuation, which is now above five- and ten-year averages. Despite concerns about high valuations, market strategists believe the index's potential could continue to rise, supported by improving economic forecasts and corporate earnings expectations. Wall Street sentiment is turning more positive as several firms have recently raised their year-end targets for the index.
Source: YAHOO
Reported 15 days ago
Nvidia is experiencing a remarkable recovery, with its stock price rising significantly due to a surge in demand for its AI chips and a successful ramp in its Blackwell chip line. The company's growth is also driven by partnerships with major hyperscalers like Amazon and Microsoft, and initiatives focused on sovereign AI, which allows countries to build their own AI data centers. CEO Jensen Huang envisions substantial expansions in Europe and is exploring opportunities in physical AI necessary for robots and self-driving cars, even amidst competition from rivals.
Source: YAHOO
Reported 15 days ago
Metals including gold, silver, and copper are declining following the announcement of a US-China trade deal that includes provisions for rare earth minerals. Simultaneously, analysts from Canaccord Genuity have downgraded Uber and Lyft to 'Hold' due to uncertainties surrounding the impact of autonomous robo-taxis on the ride-sharing market, with concerns that their relevance may diminish in a future dominated by self-driving technology.
Source: YAHOO
Reported 15 days ago
Ryan Lupberger, co-founder and CEO of Cleancult, shares his journey of creating a revolutionary cleaning product brand aimed at eliminating plastic. He discusses the challenges and insights he gained while disrupting a plastic-dominated market, the importance of sustainability in entrepreneurship, and the realities of recycling. Cleancult's mission is to provide eco-friendly cleaning solutions at competitive prices, thereby appealing to a broader audience concerned about the environment.
Source: YAHOO
Reported 15 days ago
President Trump announced he is terminating trade talks with Canada, threatening new tariffs on Canadian goods due to a digital services tax imposed by Canada on tech companies, which he labeled as an attack on the US. This escalation follows recent progress in US-China trade negotiations, where both countries reached a truce and agreed to reduce tariffs, signaling a stabilizing of their trade relations. Additionally, US officials are optimistic about finalizing trade agreements with several other key partners before the upcoming deadline.
Source: YAHOO
Reported 15 days ago
Mexican real estate trusts Terrafina and Fibra Inn announced the removal of CIBanco as their trustee after U.S. sanctions linked to money laundering allegations prompted Mexican authorities to take over the bank's management. The U.S. Treasury imposed restrictions on CIBanco and two other financial institutions, all three of which deny wrongdoing. Despite these developments, Terrafina indicated no expected adverse impact from this decision.
Source: YAHOO
Reported 15 days ago
Bolivia has seen a remarkable increase of over 530% in cryptocurrency transactions as citizens turn to platforms like Binance and Tether to safeguard their finances against the depreciating local boliviano currency. Official figures reveal that these digital asset transactions grew from $46.5 million in mid-2024 to $294 million in the same period of 2025, driven by the economic crisis characterized by soaring inflation and dwindling dollar reserves. While proponents view cryptocurrencies as a viable alternative for preserving wealth, experts caution that this trend reflects the diminishing purchasing power of households rather than economic stability.
Source: YAHOO
Reported 15 days ago
Nvidia's stock is soaring, nearing a market cap of $4 trillion, thanks to increased demand for GPUs, investment in AI and robotics, and strategic partnerships with major tech companies. Analysts predict continued growth as Nvidia dominates the AI hardware market, enabling both training and inferencing processes, and expanding its influence in robotics and autonomous vehicles.
Source: YAHOO
Reported 15 days ago
Geodis has introduced two advanced returns solutions aimed at simplifying the complex landscape of reverse logistics amidst the growth of e-commerce. The new offerings, including a returns workflow automation module and a returns management module, focus on enhancing efficiency through automation and optimized processing of returns. The self-service portal allows consumers to generate shipping labels easily, while the management module provides real-time inventory visibility and customizable categorization of returned products. Both solutions are designed for adaptability, supporting retailers in optimizing their reverse logistics strategies.
Source: YAHOO
Reported 15 days ago
A recent rally in US Treasuries halted after inflation data led traders to lower their expectations for Federal Reserve interest rate cuts. Although yields on shorter-dated maturities remained stable, traders shifted their stance following the release of stronger-than-expected inflation figures. The market awaits fresh data, particularly the upcoming employment report, which may further influence rate-cut likelihood. Despite some optimism for potential cuts, traders currently see a slim chance for a July reduction, focusing instead on October as a more viable timeframe for potential action.
Source: YAHOO
Reported 15 days ago
A London tribunal has ruled that Visa and Mastercard's multilateral interchange fees charged to retailers violate European competition law, marking a significant victory for merchants affected by these fees. The decision stems from lawsuits filed by hundreds of merchants and represents the first finding of such breaches in the UK. Both companies plan to appeal the ruling, asserting that these fees are essential for maintaining a secure digital payment system.
Source: YAHOO
Reported 15 days ago
U.S. President Donald Trump abruptly terminated trade talks with Canada over a new digital services tax targeting American tech companies, labeling it a 'blatant attack' on the U.S. This decision disrupted previously optimistic trade discussions, including potential agreements set for Labor Day. Meanwhile, Trump's administration was still engaging with other countries, aiming to finalize numerous trade deals by early September.
Source: YAHOO
Reported 15 days ago
In this week's edition of Startups Weekly, we explore recent developments in the startup landscape, including significant funding rounds and mergers. Notable acquisitions include Rubrik's purchase of Predibase to boost AI adoption, and Kadmos being acquired by NYK Line to enhance fintech services. Additionally, funding news highlights Harvey AI and Abridge, both securing $300 million rounds, while other startups, like Finom and Raphe mPhibr, also raised impressive amounts. The week was marked by ongoing legal challenges, notably against Stability AI, and the perseverance of firms like Airloom Energy, which is advancing its wind power initiatives.
Source: YAHOO
Reported 15 days ago
Recent data indicates a rise in canceled home purchase agreements in the U.S., with 6% of pending contracts in May being canceled, up from 5% a year prior. This marks the third consecutive month of annual increases. Contributing factors include unexpected costs, credit issues, and broader economic uncertainties. Despite a slight uptick in pending home sales, the housing market continues to experience a slump, challenging potential buyers with elevated mortgage rates and prices.
Source: YAHOO
Reported 15 days ago
Recent inflation data has complicated the Federal Reserve's consideration of interest rate cuts, with unexpected inflation increases and declining personal spending raising concerns about economic growth. As the Fed braces for upcoming reports on consumer prices and job growth, the political dynamics with President Trump add further complexity to monetary policy decisions.
Source: YAHOO
Reported 15 days ago
President Trump is moving forward with plans to reduce staff at the Office of the Director of National Intelligence (ODNI) while publicly questioning intelligence assessments regarding Iran's nuclear ambitions. He has expressed intentions to overhaul the agency, which he believes has become bloated, and has sidelined DNI Tulsi Gabbard amid growing tensions with the intelligence community. Lawmakers from both parties acknowledge the need for reform, suggesting significant cuts to the ODNI staff, which currently stands at around 2,000.
Source: YAHOO
Reported 15 days ago
Wall Street reached record highs on Friday, with the S&P 500 and Nasdaq climbing to all-time peaks after a tumultuous period related to trade policies. The S&P 500 rose 0.5% to approximately 6,173.07 points, while the Nasdaq gained 0.5% to 20,273.46 points. The positive market sentiment is fueled by expectations of interest rate cuts, geopolitical developments, and overall economic stability, despite previous concerns over tariffs and potential conflicts.
Source: YAHOO
Reported 15 days ago
PetLibro has unveiled the Scout Smart Camera, an AI-enhanced device that provides pet owners with real-time insights into their pets' activities, featuring pet recognition technology, adorable activity descriptions, and cloud storage for daily highlights. Priced at $100, the camera allows for individual pet tracking and can share access with family and friends. While it currently lacks barking detection, the company is planning to expand its features, aiming to stand out in the competitive pet tech market.
Source: YAHOO
Reported 15 days ago
President Donald Trump reiterated his plan to raise tariffs on certain countries by July 9, but Treasury Secretary Scott Bessent indicated that some negotiations might extend beyond this deadline, particularly for significant trade agreements before Labor Day. While Trump hinted at the possibility of unilateral tariff increases for smaller economies lacking deals, Bessent noted ongoing negotiations with major trading partners, including a focus on high-value manufacturing in the U.S.
Source: YAHOO
Reported 15 days ago
Saks Global Enterprises has finalized a $600 million debt arrangement with its current lenders, requiring some creditors to accept losses and lower their repayment priority. The deal involves a $300 million immediate loan from major bondholders and an option for additional debt, amid falling bond prices and a challenging financial landscape for the luxury retailer, which operates Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus.
Source: YAHOO
Reported 15 days ago
In a divided ruling, the U.S. Supreme Court limited judges' ability to block government policies, leaving unresolved President Trump's restrictions on automatic birthright citizenship. The 6-3 decision delays the implementation of Trump's rules for 30 days, while returning three cases to lower courts. Trump celebrated the ruling as a significant win, asserting it supports his agenda, despite dissent from the court's liberal justices who criticized the impact on the Constitution. The ongoing legal battle involves states and immigrant-rights organizations challenging the executive order.
Source: YAHOO
Reported 15 days ago
President Donald Trump stated that his July 4 target for passing the tax bill is flexible, offering Republican negotiators some leeway as they grapple with critical issues in the economic package, particularly around the state and local tax (SALT) deduction. While some lawmakers express concerns over the details, Trump emphasizes the importance of achieving a deal soon, planning to remain in Washington to negotiate. Discussions continue with various factions of the party showing division over the proposed tax changes and the overall cost of the bill.
Source: YAHOO
Reported 15 days ago
Congress is rushing to finalize a significant tax bill for President Trump by July 4, but last-minute modifications—including adjustments to Medicaid taxes and SNAP cuts—could make the proposal more expensive. As negotiations continue, estimates suggest the bill's price tag, initially projected at $3 trillion, may increase significantly. The developments raise concerns among fiscal conservatives and bond markets closely monitoring the situation.
Source: YAHOO