Reported 16 days ago
Oil prices steadied at the end of a turbulent week, shifting focus from Middle Eastern conflicts to U.S. tariff negotiations and potential easing of sanctions on Iran. West Texas Intermediate hovered around $65 a barrel, while Brent settled near $68. Following initial price spikes due to recent attacks on Iran, prices dropped after Tehran's responses didn't impact energy infrastructure and a ceasefire was declared. Key upcoming events include an OPEC+ meeting and a U.S. decision regarding 'Liberation Day' tariffs.
Source: YAHOO
Reported 16 days ago
US stock futures increased as investors anticipate an imminent interest rate cut from the Federal Reserve. The Dow Jones, S&P 500, and Nasdaq saw modest gains amid growing confidence following recent economic data indicating a softening labor market. Additionally, speculations surrounding President Trump's search for a new Fed Chair added to the optimism, while the upcoming PCE inflation report is highly awaited for clues on future rate adjustments.
Source: YAHOO
Reported 16 days ago
In May, UK vehicle production fell for the fifth straight month, with a 32.8% decline to 49,810 units, marking the steepest drop for May since 1949, excluding the pandemic year. This downturn is attributed to disruptions from U.S. tariffs on car imports, alongside a significant drop in exports to key markets like the EU and U.S. While British manufacturing also contracted, there remains some optimism from recent trade agreements with the U.S. and India.
Source: YAHOO
Reported 16 days ago
Hong Kong's equity capital markets experienced a significant rebound in the first half of 2025, fueled by increased interest from global investors in China and anticipation of Shein's upcoming IPO. The city witnessed a substantial rise in capital-raising activities, including 'A to H' share listings, resulting in the strongest first half since 2021. Despite ongoing market volatility, Hong Kong's Hang Seng Index surged by 21.2%, while total equity issuance across Asia reached $116.2 billion. The optimism around Shein's listing and positive policy measures from China contributed to this burgeoning market activity.
Source: YAHOO
Reported 16 days ago
Nike anticipates a $1 billion loss due to tariffs imposed by the Trump administration, according to CFO Matt Friend. The company plans to reduce its reliance on Chinese imports, which currently make up about 16% of its footwear brought into the U.S., down to a high single-digit percentage by the end of fiscal 2026. Despite the challenges, Nike reported better-than-expected fiscal fourth-quarter results and intends to mitigate these tariff impacts while optimizing its production and sourcing strategies.
Source: YAHOO
Reported 16 days ago
On Friday, June 27, investors should watch for the Personal Consumption Expenditures (PCE) data, the Federal Reserve's inflation measure, expected to remain steady at 0.1% month-over-month. The final consumer sentiment reading for June is also anticipated to hold at 60.5, indicating improved optimism among U.S. consumers. Additionally, Apple Studios will release 'F1 the Movie' in theaters and IMAX, marking their latest major film project.
Source: YAHOO
Reported 16 days ago
At TechCrunch All Stage, taking place on July 15 at SoWa Power Station in Boston, Jahanvi Sardana from Index Ventures will reveal how leading startups reshape markets by creating new ones, using examples from successful companies. This event offers founders and investors the chance to connect, learn from experts, and register at discounted rates before prices rise.
Source: YAHOO
Reported 16 days ago
Nike's stock surged in after-hours trading after the company announced a forecast of reduced sales and profit declines for the current quarter, despite facing nearly $1 billion in tariff costs. Following a 12% revenue drop in the fourth quarter, Nike expects mid-single-digit sales declines, while gross margins are projected to fall by 350-425 basis points due to new tariffs. CEO Elliott Hill expressed optimism about future improvements as the company adapts its manufacturing strategy and re-establishes relationships with wholesale partners, even as it faces a challenging market in China.
Source: YAHOO
Reported 16 days ago
Blackstone has intensified its investment in the commercial real estate (CRE) sector by acquiring nearly $2 billion in CRE loans from Atlantic Union Bankshares. This transaction, completed at a slight discount, allows Atlantic Union to reduce its CRE loan exposure amid challenges from rising interest rates and increasing office vacancies. For Blackstone, this purchase represents an opportunity to acquire assets at a favorable price, continuing its strategic expansion in the sector.
Source: YAHOO
Reported 16 days ago
The recent State of Freight webinar highlighted a potential disruption in supply chains due to the renewed enforcement of the English Language Proficiency requirement for truck drivers. With the Outbound Tender Rejection Index spiking, experts suggest this may signal tightening capacity as carriers may opt to remove drivers failing ELP checks to avoid Out of Service violations, which could impact their records and insurance rates. Discussions also covered the state of trade relations, ocean shipments from Southeast Asia, predictions for the LTL market, and challenges facing electric vehicle adoption due to changing legislation.
Source: YAHOO
Reported 16 days ago
Ethane traders Satellite Chemical USA and Vinmar International have received letters from the U.S. government that permit them to load ethane onto vessels for China but prohibit unloading without authorization. This follows a recent licensing requirement that has stalled shipments, causing vessels to linger off the U.S. Gulf Coast. The restrictions have raised concerns about oversupply and could negatively impact profits for U.S. ethane producers, as about half of all U.S. ethane exports are directed to China.
Source: YAHOO
Reported 16 days ago
Cluely, a startup that promotes a product designed to help people 'cheat' in various aspects, has caught the attention of venture capital firm a16z, which invested $15 million in its Series A funding. This unconventional company has faced criticism for its marketing tactics, yet its founder, Roy Lee, believes that creating viral content through controversy is key to success in the crowded AI landscape. a16z partner Bryan Kim supports Lee's approach, emphasizing that speed and effective marketing are crucial for AI startups to thrive amidst rapid technological advancements.
Source: YAHOO
Reported 16 days ago
President Trump announced the signing of a formal trade agreement with China, concluding lengthy negotiations and stabilizing trade relations. This new deal builds on an earlier tacit agreement and includes a pause on tariffs, while White House economic advisers suggest extending the tariff deadline for countries negotiating in good faith. As countries like Canada and the European Union respond to the potential for increased tariffs, the economic implications for the U.S. remain uncertain, with officials calling for finalized pacts to avoid exacerbating trade tensions.
Source: YAHOO
Reported 16 days ago
UnitedHealth Group has appointed Patrick Conway as the new CEO of its health services segment, Optum Health, as part of a broader leadership change. This decision, based on Conway's experience in value-based care, is aimed at enhancing the company's performance amid recent challenges, including underperformance in revenue and a criminal probe regarding billing practices. Former Optum Health CEO Amar Desai will serve as vice-chairman, while veteran Stephen Hemsley has taken over as company-wide CEO.
Source: YAHOO
Reported 16 days ago
European Union leaders are deliberating their stance on President Trump's latest trade proposal, following a briefing from European Commission President Ursula von der Leyen. While some member states advocate for a swift agreement with the US, even with ongoing tariffs, others, like France, firmly oppose anything that favors the US. The EU faces a July 9 deadline for a potential deal, as tensions rise over US tariffs affecting various sectors.
Source: YAHOO
Reported 16 days ago
Coinbase Global Inc. shares have reached an all-time high of $375.07, marking a significant rebound from a record low in late 2022. This surge, driven by increasing acceptance of the cryptocurrency market and the recent passage of stablecoin legislation, showcases the company's strategy to diversify revenue sources amidst a competitive landscape. Analysts predict further potential growth for the stock as regulatory challenges ease and cryptocurrency remains a key player in financial markets.
Source: YAHOO
Reported 16 days ago
As the S&P 500 Index nears an all-time high, investors are aggressively buying into volatile stocks despite significant economic risks, including a potential tariff expiration and slowing consumer sentiment. Wall Street strategists suggest focusing on companies with strong financials, yet individual investors are increasingly drawn to speculative plays and tech stocks. The Invesco S&P 500 High Beta ETF is on track for its best quarter since 2020, highlighting a trend of buying the dip as tech giants continue to drive market recovery while small-cap stocks lag behind.
Source: YAHOO
Reported 16 days ago
US Treasuries are on track for a third week of increases, buoyed by economic data suggesting that the Federal Reserve is likely to cut interest rates at least twice this year. As traders focus on the upcoming jobs report, yields have dropped across maturities, pushing the yield curve steeper—typically an indicator of expected Fed rate cuts. Speculation is also fueled by potential changes in Fed leadership amid fears of economic weakness.
Source: YAHOO
Reported 16 days ago
Google has launched Doppl, an experimental app that allows users to visualize how outfits would look on them using AI technology. By uploading a full-body photo, users can try different outfits virtually, create AI-generated videos, and save or share their favorite looks. While focused on personalizing the experience, Doppl is still in its early stages and may not always provide accurate results.
Source: YAHOO
Reported 16 days ago
The U.S. Treasury Department has reached a deal with G-7 allies to exempt American companies from taxes imposed by other nations in return for eliminating the ‘revenge tax’ proposed in Trump’s tax bill. This measure aimed to counter perceived discriminatory tax policies of other countries and initially raised concerns about its impact on U.S. investments. With this agreement, Treasury Secretary Scott Bessent has requested Congress to remove the tax code provision, which has sparked relief among investors.
Source: YAHOO
Reported 16 days ago
TechCrunch All Stage will take place on July 15 at Boston’s SoWa Power Station, featuring Chris Gardner from Underscore VC leading a session titled “MVP in the Age of AI: When to Bot and When to Not.” Attendees will learn how to effectively utilize AI while developing minimum viable products. Limited-time discounts on passes for founders and investors are available, making it an ideal opportunity for startups to connect with over 1,200 participants and gain valuable insights.
Source: YAHOO
Reported 16 days ago
On June 26, 2025, global markets showed strong gains as the dollar plummeted and stocks surged, fueled by increasing investor expectations of imminent U.S. interest rate cuts following President Trump's criticisms of Fed Chair Jerome Powell. Stocks reached new heights, including record peaks for the S&P 500 and Nasdaq, while the dollar fell to a three-year low. Analysts suggest that the financial landscape is bullish despite ongoing uncertainties regarding trade deals, with major bets placed on gold, high-tech stocks, and a weakening dollar.
Source: YAHOO
Reported 16 days ago
On June 26, the S&P 500 rose by 0.8%, nearing a record closing high. Enphase Energy's stock jumped 12.8% after news that lawmakers could preserve tax credits for residential solar projects. In contrast, Equinix's shares fell 9.6% as the company revealed disappointing growth forecasts amid high expansion costs. Other notable movements included significant gains for Freeport-McMoRan and Coinbase, while Fair Isaac's stock dropped due to a reversal in credit score policies.
Source: YAHOO
Reported 16 days ago
U.S. demand for goods made in China has decreased due to worries about tariffs, leading to a significant drop in shipping rates from China to the U.S., which have fallen by over 50% since early June. Although President Trump's initial high tariffs were reduced from 145% to 30%, the economic data suggests a weakening market, and experts predict that the recent increase in imports may not sustain. Major retailers like Walmart are preparing to raise prices due to impending tariff impacts, while analysts warn about the potential economic consequences of the ongoing trade tensions.
Source: YAHOO
Reported 16 days ago
Solar stocks, including Enphase, First Solar, and SolarEdge, are experiencing gains following discussions in Congress about reinstating clean energy tax credits, crucial for the industry's recovery from weak residential demand. Meanwhile, Equinix's stock has dropped due to a disappointing revenue forecast and costly expansion plans to meet AI demands, prompting analysts to downgrade its rating.
Source: YAHOO