Reported 17 days ago
Carnival Corporation (CCL) has experienced a surge in stock price following a strong Q2 earnings report, indicating increased travel demand. Analyst James Hardiman discussed how geopolitical tensions, particularly in the Middle East, may affect consumer behavior, but noted that Carnival's results reflect solid consumer confidence. Despite oil price fluctuations, Carnival's non-hedging strategy has impacted its performance, particularly when oil prices spiked. Overall, cruising continues to offer attractive discounts compared to land vacations, contributing to a positive outlook for cruise line investments.
Source: YAHOO
Reported 18 days ago
On June 25, investors will focus on several key updates, including Micron's anticipated strong Q3 earnings driven by chip demand, Nvidia's annual shareholder meeting, and new home sales data for May, which is expected to show a decline due to high mortgage rates. Tensions between Iran and Israel are also a concern, as President Trump urges a ceasefire.
Source: YAHOO
Reported 18 days ago
FedEx's cautious forecast for the current quarter has led to shares falling more than 5% after hours, as the company projected an adjusted profit of $3.40 to $4 per share, below analysts' expectations of $4.06. The Memphis-based firm is facing challenges due to uncertainty in U.S. trade policies and significant exposure to China trade, which has affected business planning. Despite a stronger than expected fiscal fourth quarter, FedEx did not provide a full-year profit forecast, underscoring the volatile global demand environment.
Source: YAHOO
Reported 18 days ago
Abridge, an AI-driven company specializing in automating medical notes, has doubled its valuation to $5.3 billion following a successful $300 million Series E funding round led by Andreessen Horowitz. This growth comes just four months after a $250 million fundraising that valued the company at $2.75 billion. Abridge is recognized as a leader in the AI medical scribe market, leveraging its integration with Epic Systems and reporting $117 million in annual recurring revenue.
Source: YAHOO
Reported 18 days ago
The All-In Podcast, featuring prominent venture capitalists, launched its exclusive $1,200 tequila at a gala on June 21, 2025, in Los Angeles, and it sold out quickly, with only 750 bottles available. The launch event echoed a glamorous 1960s Rat Pack atmosphere, attracting many notable figures from the tech industry.
Source: YAHOO
Reported 18 days ago
Retirement can be a daunting time, especially amid uncertain market conditions. New retirees should focus on what they can control, such as adjusting their spending and safely managing cash flows from their portfolios. Key strategies include pulling funds from safer assets, delaying Social Security benefits to maximize lifetime income, revising inflation protection through inflation-protected bonds, and considering tax-saving strategies during this transition. Understanding these elements is crucial for ensuring a stable financial future.
Source: YAHOO
Reported 18 days ago
On June 24, 2025, global stocks soared to record highs as a ceasefire was announced between Iran and Israel, with significant gains seen across major indices including the S&P 500 and Nasdaq. This rally was accompanied by a notable drop in oil prices, and Federal Reserve Chair Jerome Powell reassured investors that any decisions on interest rate cuts would be made after assessing economic conditions. Despite the upbeat market sentiment, concerns linger about the U.S. economy with declining consumer confidence.
Source: YAHOO
Reported 18 days ago
US stocks surged on Tuesday, with the Nasdaq Composite and S&P 500 reaching their highest levels since February, fueled by renewed optimism for a truce between Israel and Iran. The Nasdaq 100 hit a fresh closing high, highlighting strong momentum among major tech stocks. Federal Reserve Chair Jerome Powell's testimony suggested possible interest rate cuts in the near future, contributing to the market's positive sentiment. Overall, the tech-heavy indexes led the gains, reflecting a growing confidence in the economy amidst complex geopolitical challenges.
Source: YAHOO
Reported 18 days ago
Parkland Corporation's shareholders have overwhelmingly approved a $9.1 billion acquisition by the U.S.-based company Sunoco, with 93.46% of votes in favor of the agreement.
Source: YAHOO
Reported 18 days ago
FedEx shares saw a significant decline after the company announced it would not issue a full-year forecast for fiscal 2026, following consecutive downgrades for fiscal 2025. The stock, which has fallen nearly 20% this year, dropped another 5% in after-hours trading after the update. In its fourth quarter, FedEx reported slight revenue growth and better-than-expected adjusted net income, but concerns over shipping demand and recent tariff announcements have impacted investor sentiment.
Source: YAHOO
Reported 18 days ago
Foreign direct investment (FDI) in the U.S. plummeted to $52.8 billion in the first quarter, down from $79.9 billion the previous quarter, largely due to uncertainties surrounding President Trump's tariff policies. This decline has also contributed to a record high U.S. current account deficit of $450.2 billion. Economists speculated that this drop in FDI might be temporary, as significant investments from foreign companies, particularly in manufacturing, are expected to come online in future quarters.
Source: YAHOO
Reported 18 days ago
Israel and Iran seem to be adhering to a ceasefire negotiated by Donald Trump amid escalating tensions over nuclear inspections. Following initial breaches, both countries agreed to honor the truce, while the UN nuclear watchdog called for immediate inspections to assess damage to Iran's atomic program after recent US bombings. The fragile ceasefire has led to a drop in oil prices and highlights ongoing diplomatic efforts to address concerns over Iran's nuclear capabilities.
Source: YAHOO
Reported 18 days ago
This commentary discusses how Trump's trade war is likely to outlast his military actions in Iran, highlighting that unlike decisive military strikes, the trade war lacks clear resolution and leverage. The article points out Trump's inconsistent tariff strategies and the potential for extended negotiations with various trading partners, particularly China, which complicates his plan for revitalizing American manufacturing. As markets adapt to the ongoing trade tensions, confidence persists that deadlines will continue to be pushed back rather than resulting in immediate outcomes.
Source: YAHOO
Reported 18 days ago
Recent consumer confidence data indicates diminishing optimism among Americans about the labor market, with a notable drop in the labor differential—the difference between those who find jobs plentiful versus those who do not. This decline may signal potential economic weakness, raising concerns among economists and Federal Reserve officials about the state of employment conditions.
Source: YAHOO
Reported 18 days ago
President Donald Trump surprised many with a sudden allowance for China to continue purchasing oil from Iran, seemingly undermining years of U.S. sanctions aimed at crippling Iran's economy. This announcement came shortly after a declared ceasefire between Israel and Iran, despite ongoing tensions in the region. While Trump's statement raised eyebrows among government officials and oil traders, experts suggest it might be a strategic move to ease trade tensions with China amid ongoing tariff negotiations. The impact on actual oil flows remains unclear, particularly regarding China’s significant imports masked under various shipments.
Source: YAHOO
Reported 18 days ago
The US bond market is anticipating an influx of up to $1 trillion in Treasury supplies in the latter half of the year, as lawmakers inch closer to resolving the debt ceiling issue. This increased issuance will likely focus on shorter-dated debt, raising concerns about who will absorb the additional securities. With projections indicating significant increases in the federal deficit, strategists warn that the surge in Treasury supply could impact repo rates and market dynamics.
Source: YAHOO
Reported 18 days ago
Target is exploring a factory-direct shipping model to deliver products straight to customers' homes, following trends set by Chinese e-commerce rivals like Temu and Shein. This initiative aims to expand Target's range of low-cost offerings amid declining sales and intense competition in the retail market. The early-stage effort includes apparel, household goods, and non-food items. The move also comes in light of recent changes to U.S. customs regulations affecting low-value imports.
Source: YAHOO
Reported 18 days ago
On June 24, 2025, the S&P 500 rose by 1.1% following optimism regarding a ceasefire between Israel and Iran. Coinbase shares soared by 12.1% after analysts revised their price targets, signaling favorable conditions for the cryptocurrency exchange. Meanwhile, oil prices fell, negatively impacting energy and defense stocks. The Dow gained 1.2% and the Nasdaq increased by 1.4%, while other notable stocks like Uber and Carnival Corporation also reported significant gains.
Source: YAHOO
Reported 18 days ago
Treasury Secretary Scott Bessent indicated that House and Senate Republicans are likely to reach an agreement on the state and local tax (SALT) deduction within the next 48 hours, which has hindered President Trump's economic agenda. Some House members are advocating for increasing the SALT cap from $10,000 to $40,000, while Senate Republicans are still in negotiations. Bessent believes that a resolution will facilitate the passage of Trump's tax package ahead of a self-imposed deadline.
Source: YAHOO
Reported 18 days ago
Fed Governor Michael Barr indicated that higher tariffs are likely to drive prices up, suggesting inflation may not be temporary. He noted that despite some gradual progress towards the 2% inflation target, he is not in a hurry to cut interest rates. Barr highlighted the potential trade-offs of monetary policy, acknowledging uncertainty regarding the effects of tariff policies on the economy and unemployment, which currently stands at 4.2%.
Source: YAHOO
Reported 18 days ago
The Nasdaq 100 reached a record high for the first time since February, closing at 22,190 after a strong rally in tech stocks, particularly following a ceasefire agreement between Israel and Iran. The index rose 1.5% on Tuesday, with notable gains from companies like Microsoft and Nvidia, while the broader S&P 500 also advanced close to its record. The market's risk-on sentiment was supported by signs of stability in the ceasefire.
Source: YAHOO
Reported 18 days ago
On June 24, 2025, major US stock indexes experienced significant gains, driven by a drop in oil prices and an optimistic outlook regarding the impact of the Israel-Iran conflict on global crude supplies. The S&P 500 increased by 1.1%, nearing its all-time high, while the Dow Jones rose 1.2% and the Nasdaq jumped 1.4%. The decline in oil prices, which fell approximately 6%, may provide the Federal Reserve with the opportunity to consider interest rate cuts to support the economy.
Source: YAHOO
Reported 18 days ago
A recent measure of demand in the $7.5 trillion foreign-exchange market indicates a reduced appetite for the US dollar compared to other currencies, such as the euro and yen, even during times of market instability. Analysts from major banks, including Morgan Stanley and Goldman Sachs, note that cross-currency basis swaps reveal decreasing preference for dollar-denominated assets. This shift raises concerns about the dollar's status as a safe haven and suggests potential future borrowing costs may increase for the euro compared to the greenback, aligning with a broader trend of capital flow from the US to Europe.
Source: YAHOO
Reported 18 days ago
Ambarella's shares spiked over 20% following reports that the chip designer is exploring a potential sale, with possible interest from competitors in the semiconductor industry or private equity firms. Despite this surge, the company's stock has still declined approximately 15% in 2025. Ambarella reported revenue of $284.9 million for its fiscal year 2025, with analysts projecting an increase to around $350 million this year.
Source: YAHOO
Reported 18 days ago
The Nasdaq 100 reached a record high close on Tuesday, marking its first since February, following significant losses tied to concerns over U.S. President Trump's global tariffs. The index, which represents 100 leading non-financial companies on the Nasdaq exchange, climbed 1.5% to finish at 22,190.52, supported by news of a fragile peace agreement between Israel and Iran. The previous record close was 22,175.60 on February 19.
Source: YAHOO