Reported 19 days ago
Tesla Inc. has officially launched its highly anticipated driverless taxi service in Austin, Texas, debuting to a select group of retail investors and social media influencers who live-streamed their rides. Although the initial rollout involves only 10 to 20 vehicles navigating a limited area, the service marks a significant step for Tesla as it explores new business avenues amid a sales slump. Riders experienced trips with a flat fee of $4.20, while CEO Elon Musk hints at potential rapid expansion despite the service's cautious beginning.
Source: YAHOO
Reported 19 days ago
US stocks closed mixed as investors responded to uncertainty surrounding Federal Reserve interest rates and President Trump's indecision on potential military action in Iran. The Dow Jones slightly increased, while the S&P 500 and Nasdaq experienced declines. Chip stocks were notably affected by reports of potential changes to US technology access for semiconductor manufacturers in China. Meanwhile, diplomatic efforts concerning Iran's negotiations are underway, contrasted by Trump's two-week deadline for a decision.
Source: YAHOO
Reported 19 days ago
Source: BARRONS
Reported 19 days ago
Oil prices fell nearly 4% as Iran retaliated against US military bases following US attacks on its nuclear facilities, while maintaining oil tanker traffic stability through the Strait of Hormuz. Analysts predict that geopolitical risks may influence prices, but a full closure of the strait is deemed unlikely.
Source: YAHOO
Reported 19 days ago
Stellantis' new CEO Antonio Filosa has retained his previous position overseeing the North American market while keeping the senior management largely unchanged, resulting in a decrease of over 5% in the company’s shares shortly after his appointment. Filosa's decision to maintain his role aims to address ongoing issues in the North American division, but investors have expressed disappointment over the lack of significant leadership change, contributing to a 10% drop in shares since his appointment.
Source: YAHOO
Reported 19 days ago
Source: BARRONS
Reported 19 days ago
The UK private sector experienced slight growth in June, as indicated by the purchasing managers' index rising to 50.7 from 50.3 in May, which alleviates concerns of a contraction for the second quarter. This growth comes after economic pressure from high taxes, trade wars, and geopolitical tensions. While services increased slightly, manufacturing faced sharp declines due to US tariffs, leading to layoffs across firms. Despite easing inflation and rising order volumes, overall growth remains tepid at 0.1% for the quarter, raising speculation about potential interest rate cuts by the Bank of England.
Source: YAHOO
Reported 19 days ago
Hyundai和Kia与韩国政府达成协议，将开发和推广下一代连接数字行驶记录仪，以应用于商业车辆。两家公司与交通部及韩国交通安全局签署了谅解备忘录，承诺从2026年开始在其商业车辆中引入这一新型数字行驶记录仪。该设备将在实时收集速度、里程和位置数据的同时，基于现有平台简化合规流程。
Source: YAHOO
Reported 19 days ago
Zhejiang Hozon New Energy Automobile Company, known for its Neta Auto brand, has officially entered bankruptcy proceedings following a petition by one of its creditors. Amid continuous financial difficulties and falling sales, Hozon had been attempting to reduce operational costs and secure additional funding, which ultimately did not materialize in time. This makes Hozon one of the early significant victims of the intense price competition in China's expanding new energy vehicle market.
Source: YAHOO
Reported 19 days ago
HOCHTIEF与云解决方案提供商IONOS集团合作，向欧盟委员会提交了一个建设和运营AI超工厂的意向书。该项目计划在2027年开始运营，初期将配备超过50,000个图形处理单元（GPU），并有潜力扩展至100,000个GPU，旨在提升欧洲的AI能力。该公司还计划利用最新的GPU技术，构建高性能数据中心基础设施，整个项目将获得传统行业结构的融资支持，并结合欧盟的目标资金。
Source: YAHOO
Reported 19 days ago
Pakistan has secured a $4.5 billion Islamic finance deal with 18 banks to tackle its power sector's growing debt crisis, aiming to address unpaid bills and subsidies that hinder economic stability. The financing, endorsed by the IMF, features lower interest rates and a repayment plan spread over six years. This initiative supports Pakistan's goal to transition away from interest-based banking by 2028, amidst ongoing challenges linked to the IMF program and high legacy debts.
Source: YAHOO
Reported 19 days ago
Apollo has announced a significant investment of up to £4.5 billion ($6.04 billion) in fixed-rate callable notes issued by Électricité de France (EDF), aimed primarily at financing EDF's operations in the UK, including the noteworthy Hinkley Point C nuclear power station. This deal marks one of the largest sterling-denominated note issuances in history and underscores Apollo's long-term commitment to investing in European energy infrastructure.
Source: YAHOO
Reported 19 days ago
Discover 10 U.S. stocks with market caps over $10 billion that offer dividend yields exceeding 5%, allowing small investments to generate at least $100 in annual passive income. Companies like HSBC Holdings, Verizon, and Pfizer stand out for their consistent dividend payouts, making them attractive prospects for income-focused investors.
Source: YAHOO
Reported 19 days ago
The dollar experienced a decline following comments from Federal Reserve Vice Chair Michelle Bowman suggesting the possibility of impending rate cuts, which countered its previous gains from increased tensions over U.S. bombings in Iran. Concerns about Iran's potential retaliation, including threats to close the Strait of Hormuz, along with rising oil prices impacting currencies like the Japanese yen, contributed to the dollar's fall. Meanwhile, the euro and sterling saw slight improvements amid mixed economic signals.
Source: YAHOO
Reported 19 days ago
The value of gold has surged over 60% since early 2024, attracting attention amid economic uncertainties. While some analysts foresee further gains, Warren Buffett and Charlie Munger advise against investing in gold, preferring assets like land or index funds that provide ongoing utility and income. They argue that productive investments typically outperform unproductive assets like gold in the long run.
Source: YAHOO
Reported 19 days ago
英国石油探勘公司EnQuest即将完成对Harbour Energy在越南资产的8400万美元收购，预计在一到两个月内交易将最终确定。此次交易将使EnQuest获得越南Chim Sao和Dua油田的53%股权，标志着公司在传统的北海以外的重大扩展。EnQuest首席执行官表示，公司将投资于该油田以提高生产力，同时也在东南亚其他地区积极开展天然气生产，满足快速增长的电力需求。
Source: YAHOO
Reported 19 days ago
ArcelorMittal has announced its decision to sell its steel plant and mining operations in Bosnia and Herzegovina to Pavgord Group, which includes the ArcelorMittal Zenica steel plant and the ArcelorMittal Prijedor iron ore mining business. The sale is expected to result in a non-cash loss of approximately $200 million due to accumulating foreign exchange losses since acquisition. The transaction is anticipated to be completed by the third quarter of 2025, subject to regulatory approvals, while current employees will retain their jobs under new ownership.
Source: YAHOO
Reported 19 days ago
世界领先的钴供应国刚果民主共和国（DRC）宣布将钴出口禁令延长三个月，原因是市场持续过剩。该禁令最初在2月实施，因钴价格降至9年来的最低点10美元/磅。DRC监管机构确定，由于市场还存在高库存水平，因此需要延长禁令，并将在9月之前宣布是否会调整或终止该禁令。
Source: YAHOO
Reported 19 days ago
Standard Chartered and ALTIOS have forged a strategic partnership aimed at aiding small and medium-sized enterprises (SMEs) in expanding their operations in key Asian markets. The collaboration will provide SME clients in countries like Hong Kong, India, and Singapore with practical support including market entry strategies and ongoing operational assistance. This alliance underscores both companies’ commitment to offering comprehensive solutions that go beyond traditional banking, helping businesses navigate global expansion effectively.
Source: YAHOO
Reported 19 days ago
UniCredit has completed the full acquisition of its life bancassurance operations in Italy by taking over joint ventures with CNP Assurances and Allianz. The newly branded entities, UniCredit Life Insurance (ULI) and UniCredit Vita Assicurazioni (UVA), will merge in 2026, aiming for enhanced efficiency and customer service. This move is expected to significantly increase the bank's annual insurance revenues by $400 million by FY27.
Source: YAHOO
Reported 19 days ago
Source: BARRONS
Reported 19 days ago
Maryann O'Connor, a 66-year-old single mother who works two jobs for up to 11 hours a day, faces significant financial challenges with no savings or retirement fund. Despite her hopes for a comfortable retirement, she sold her home and shares a smaller living space with roommates. The article emphasizes the importance of tracking expenses, building an emergency fund, and investing for retirement, while highlighting alarming statistics about the lack of savings among older Americans.
Source: YAHOO
Reported 19 days ago
Snowcap Compute has raised $23 million to develop AI computing chips using superconducting technology. The startup aims to create more efficient computers that could outpace current AI systems while consuming significantly less electricity. With a notable addition to its board, former Intel CEO Pat Gelsinger, Snowcap plans to address power consumption challenges faced by conventional chips, leveraging superconductors that operate with minimal electrical resistance.
Source: YAHOO
Reported 19 days ago
Source: BARRONS
Reported 19 days ago
In the next ten years, Bitcoin may see significant growth driven by its fixed supply and increasing interest from investors, corporations, and governments. With a current price of $105,600, Bitcoin is being compared to gold as a potential hedge against inflation and currency devaluation. Although predicting its exact future price is challenging, analysts suggest that Bitcoin could reach as high as $1.1 million by 2035, making it an attractive investment for those believing in its long-term potential.
Source: YAHOO