Reported 18 days ago
Nvidia stock surged 2.6% to $147.90, reaching its highest level since January, as the company recovers from early-year challenges related to trade and competition. After reporting better-than-expected first-quarter earnings, the stock has gained over 9%, driven by deals in the Middle East and a broader tech market resurgence, positioning Nvidia close to its record closing price of $149.43 from January.
Source: YAHOO
Reported 18 days ago
BMO Capital Markets' chief investment strategist, Brian Belski, has increased his S&P 500 year-end target to 6,700, predicting a further 10% rally by the end of 2025. He believes the market is stabilizing after past tariff fears, with corporate earnings forecasts also improving. Following a market sell-off, at least eight Wall Street firms have raised their targets for the index, signaling renewed optimism as it approaches record highs.
Source: YAHOO
Reported 18 days ago
Circle's stock fell 15% on Tuesday, ending a significant rally that had been driven by optimism regarding stablecoin regulation. Wall Street is now highlighting the increased risk of competition in the digital token market, especially as new regulations may soon pave the way for additional stablecoin issuers. Analysts suggest that while Circle initially benefited from recent legislative support, the influx of competitors could pressure its market share and stock performance going forward.
Source: YAHOO
Reported 18 days ago
Federal Reserve Chair Jerome Powell testified before Congress, suggesting that the Fed might consider cutting interest rates sooner if inflation remains low or if the labor market weakens. Powell emphasized the importance of monitoring upcoming inflation reports and acknowledged the current strength of the economy, while also addressing pressures from President Trump regarding his leadership. He noted that the Fed's focus remains on fostering a strong economy for the American public.
Source: YAHOO
Reported 18 days ago
Six investment groups have requested the exemption of passive income from a proposed tax targeting foreign investors in a letter to Senate Republicans. They argue that imposing new taxes on passive investments could deter foreign investments in the U.S. and disrupt financial markets. The tax, which could reach up to 20% on passive income, is planned to be implemented in 2027, following concerns over causing unnecessary sell-offs of assets.
Source: YAHOO
Reported 18 days ago
In a recent episode of Yahoo Finance's 'Decoding Retirement', host Robert Powell and financial planner Nick Holeman discuss the evolving role of AI in retirement planning, emphasizing the importance of personalized financial advice over automated tools. They highlight the potential benefits of Roth conversions, the impact of political uncertainty on investment behavior, and the necessity of prioritizing financial goals based on individual circumstances. Holeman suggests that thinking like an engineer can enhance financial decision-making by identifying key variables that affect retirement planning.
Source: YAHOO
Reported 18 days ago
The article examines how the expansion of oil drilling in the US over the past decades has provided economic leverage during geopolitical tensions, particularly those involving Iran. Despite President Trump's concerns over fuel prices linked to Middle Eastern conflicts, US oil production has risen dramatically, reaching over 418 million barrels per month, thanks largely to the fracking boom initiated in the mid-2000s. This increase made the US a net oil exporter and helped stabilize its economy amid fluctuating global oil prices, showcasing the impact of bipartisan energy policies on current economic resilience.
Source: YAHOO
Reported 18 days ago
On June 24, 2025, US stocks rose while oil prices fell due to easing tensions between Iran and Israel, leading to declines in defense stocks like RTX and Lockheed Martin. Broadcom's stock, however, increased after being upgraded by HSBC from Hold to Buy, with expectations of surpassing market revenue predictions.
Source: YAHOO
Reported 18 days ago
Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee, addressing key issues such as interest rates, inflation data, and the dollar's role in the global economy. He refrained from commenting on potential interest rate cuts but emphasized the importance of upcoming inflation reports. Powell also noted concerns over the U.S. borrowing path and the impacts of immigration policy on labor force growth, while maintaining that the Fed's influence on housing supply and demand is limited.
Source: YAHOO
Reported 18 days ago
US stocks are rising amid easing Middle East tensions, but Circle's (CRCL) impressive 700% rally stalls as analysts warn of risks. Microsoft (MSFT) announces more job cuts in its gaming division, marking another setback for Xbox. Meanwhile, Uber (UBER) gains traction after partnering with Waymo to expand driverless services in Atlanta.
Source: YAHOO
Reported 18 days ago
In his semiannual testimony to Congress, Fed Chair Jerome Powell highlighted the potential for various outcomes regarding interest rate cuts. He stated that cuts might occur sooner if the labor market deteriorates or inflation rates are lower than expected, while stronger inflation or job growth would delay cuts. Powell emphasized that many paths could influence the Fed's decisions moving forward.
Source: YAHOO
Reported 18 days ago
Federal Reserve Chair Jerome Powell told Congress that the Fed is prepared to delay any interest rate cuts until it gains more clarity on the effects of President Trump's tariffs on inflation and the economy. Despite increasing pressure from Trump and some Fed officials for immediate cuts, Powell emphasized a cautious approach, stating that inflation impacts could vary and remain uncertain. As ongoing tensions with the White House grow, Powell remains focused on ensuring a stable economy, regardless of external criticism.
Source: YAHOO
Reported 18 days ago
Meredith Whitney, CEO of Meredith Whitney Advisory Group, predicts the housing market is on track for its worst performance in decades, citing weak sales and reduced forecasts from companies like KB Home. With existing home sales at their lowest since 2009, she highlights that economic challenges like wage inflation and a slowing economy will continue to impact the housing sector negatively, especially as many seniors choose to remain in their homes instead of selling.
Source: YAHOO
Reported 18 days ago
In his remarks to the House Financial Services Committee, Fed Chair Jerome Powell stated that the central bank is not in a hurry to cut interest rates, emphasizing the need for more economic data before making policy adjustments. While some FOMC members advocate for rate cuts due to decelerating inflation, Powell insists on waiting to assess the overall economic impact, including tariffs and GDP growth, as the Fed prepares for upcoming meetings.
Source: YAHOO
Reported 18 days ago
In a volatile market in 2025, Brian Macauley, co-portfolio manager of the Hennessy Focus Fund, highlights long-term investment opportunities in the auto retail sector, particularly favoring CarMax and O'Reilly. He believes CarMax, as the largest used car retailer, is set to benefit from a rebound in the industry and its evolving omnichannel platform, while O'Reilly’s steady growth in providing automotive parts positions it well, especially as the market adapts to a mix of combustion and electric vehicles.
Source: YAHOO
Reported 18 days ago
As geopolitical tensions rise, especially due to U.S. involvement in airstrikes against Iran, concerns about oil prices and trade agreements emerge. In a recent episode of Stocks in Translation, experts discuss how these conflicts could affect the U.S. economy and investment strategies. The conversation emphasizes the importance of adjusting portfolios, particularly focusing on energy and defense stocks, given the potential rise in oil prices and inflationary pressures. Listeners are urged to stay informed and adapt their investments amidst these uncertainties.
Source: YAHOO
Reported 19 days ago
Goldman Sachs has announced the appointment of Aek Shyam as the new head of mergers and acquisitions in its Global Real Estate Group. Shyam, who has a background in the Healthcare Group and has been involved in significant transactions worldwide, will oversee strategic transactions and advisory services and report to the group’s co-heads.
Source: YAHOO
Reported 19 days ago
Rio Tinto and Hancock Prospecting are investing $1.61 billion in the Hope Downs 2 iron ore project located in Western Australia’s Pilbara region. This joint venture aims to produce 31 million metric tons annually from two iron ore pits, with processing set to begin at Hope Downs 1; first output is expected in 2027. Rio Tinto plans to invest over $13 billion in new mining ventures over the next three years.
Source: YAHOO
Reported 19 days ago
Starbucks has stated that it is not considering a complete sale of its China operations, despite reports suggesting otherwise. The company confirmed that it is in preliminary discussions with potential buyers but has not made any decisions regarding selling a controlling or minority stake. Starbucks is also facing increasing competition in China, resulting in a significant decline in its market share amidst aggressive pricing from rivals. Recent moves include opening a Coffee Innovation Park and lowering prices for some drink offerings.
Source: YAHOO
Reported 19 days ago
President Donald Trump declared a surprise ceasefire in the ongoing 12-day war between Israel and Iran, indicating that both nations are nearing a pause in hostilities. Following significant military actions, including US strikes on Iranian nuclear facilities, the ceasefire hinges on Iran refraining from further attacks. While reactions in Israel remain muted, markets have responded to the announcement with fluctuations. Uncertainty persists regarding the future of Iran's nuclear program and the state of its uranium stockpile as Trump expresses optimism for a long-lasting peace.
Source: YAHOO
Reported 19 days ago
Nissan Motor Co. is poised for intense scrutiny during its upcoming annual general meeting, where investors will vote on a proposal urging action on its subsidiary, Nissan Shatai. With shares down 36% and a reported net loss of $4.5 billion last year, CEO Ivan Espinosa has announced plans to cut 20,000 jobs and close seven plants. Amid calls for governance reforms, Strategic Capital, a key investor, is pushing for changes to Nissan's articles of incorporation to enhance transparency regarding its subsidiaries.
Source: YAHOO
Reported 19 days ago
Star Entertainment has named Jennifer Cronin as the interim CEO for its Gold Coast casino, effective immediately.
Source: YAHOO
Reported 19 days ago
The U.S. dollar declined while the Australian and New Zealand currencies gained after President Trump declared a ceasefire between Israel and Iran, sparking optimism among investors. The ceasefire announcement, which follows a 12-day conflict, has yet to receive comments from Israel, but it has boosted market sentiment. Additionally, dovish remarks from Federal Reserve officials regarding potential interest rate cuts have added pressure on the dollar, contributing to a broader risk rally.
Source: YAHOO
Reported 19 days ago
Recent court filings reveal details about OpenAI and Jony Ive's io as they work on a mass-market AI hardware device amidst a trademark dispute with the startup iyO. OpenAI has removed promotional materials linked to its $6.5 billion acquisition of io to comply with legal proceedings. The filings indicate that while executives from both companies have been researching in-ear technology, the first device may differ from traditional headphones. OpenAI CEO Sam Altman noted the device will be a 'third device' for users, capable of interacting with their environment, but specific details remain under wraps as the prototype is still a year away from potential market introduction.
Source: YAHOO
Reported 19 days ago
U.S. President Donald Trump announced a 'complete and total' ceasefire between Israel and Iran, aiming to resolve their recent conflict. Following the announcement, U.S. crude oil prices dropped, while futures for the S&P 500 increased. Analysts expressed cautious optimism, although uncertainties remain, particularly regarding Iran's nuclear capabilities and the overall stability in the region. The market response suggests a potential decrease in geopolitical risk, which could positively influence financial markets moving forward.
Source: YAHOO