Reported 19 days ago
Tesla's stock surged by 10% after the company successfully launched its much-anticipated robotaxi service in Austin, Texas. The event, which included a limited test involving a small number of vehicles, was met with excitement from Tesla enthusiasts and investors. Analysts noted the potential for future growth, especially as Elon Musk re-engages in day-to-day operations at the company, further boosting investor confidence.
Source: YAHOO
Reported 19 days ago
Trump Media and Technology Group, the parent company of the Truth Social platform, announced plans to repurchase up to $400 million of its shares, which have plummeted 46% in value this year. This buyback is aimed at enhancing financial flexibility and will lead to the retirement of the purchased shares. The company reported significant losses in 2024 and plans to fund the buyback through a separate strategy involving cryptocurrency investments.
Source: YAHOO
Reported 19 days ago
Tesla has debuted a small fleet of robotaxis in Austin, Texas, charging $4.20 per ride, while Apple is reportedly considering acquiring Perplexity AI, valued at $14 billion, to enhance its AI capabilities. Meanwhile, international airline stocks are declining due to heightened tensions in the Middle East, with major airlines like Air France and Lufthansa suspending flights to the Arabian Gulf.
Source: YAHOO
Reported 19 days ago
US Treasuries gained as a Federal Reserve official suggested a potential interest-rate cut could occur soon, driven by safe-haven demand following tensions in the Middle East. Although global bonds initially dipped due to fears of oil supply disruptions, the decline in oil prices alleviated some concerns. Traders have increased bets on a rate reduction, with the 10-year Treasury yield falling to 4.31%. Fed officials are cautiously optimistic about inflation, triggering market speculation about interest rate movements in the upcoming meetings.
Source: YAHOO
Reported 19 days ago
U.S. stocks rose on Monday as investors reacted to easing oil prices and awaited Iran's response following U.S. strikes on its nuclear facilities. The Dow Jones increased by 0.3%, while the S&P 500 and Nasdaq saw gains of 0.5% and 0.6%, respectively. Investors are particularly concerned about energy supply disruptions through the Strait of Hormuz, critical for global oil transport, as Trump threatens further actions against Iran if peace talks are not initiated.
Source: YAHOO
Reported 19 days ago
The United Auto Workers (UAW) is facing criticism over an investment mismanagement that allegedly cost the union around $80 million in potential earnings. Union officials reported that funds liquidated to support striking workers in 2023 were not reinvested as required by union policy for over a year. As federal monitors begin an investigation into this failure, tensions within the union's leadership are rising amid ongoing challenges following a resurgence after their recent strikes.
Source: YAHOO
Reported 19 days ago
With President Trump's tariffs affecting many sellers, Amazon plans to leverage its growing Premium Beauty category to mitigate potential revenue losses during the upcoming Prime Day. Although some sellers are opting out to protect profits, the demand for high-margin cosmetics is rising as consumers view beauty products as essential even in tough economic times. Luxury brands have started embracing the platform, with Amazon Premium Beauty experiencing a nearly 20% sales increase, outpacing general beauty product growth.
Source: YAHOO
Reported 19 days ago
Two oil supertankers, the Coswisdom Lake and South Loyalty, recently navigated the Hormuz Strait after performing U-turns, highlighting the cautious attitudes in the oil tanker market amidst ongoing geopolitical tensions. While not Greek vessels, their movements raise concerns as Greece's shipping ministry advises caution for its fleet, given the strait's significance in global oil trade. Major Japanese shipping companies are also reducing their presence in this key maritime route.
Source: YAHOO
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