Reported 2 days ago
Economic experts indicate that a significant number of foreign investors are increasingly worried about investing in U.S. markets due to recent tariffs, trade policies, and fears of capital market weaponization. Rebecca Patterson, former chief investment strategist at Bridgewater, observed a 'slow bleed' of investments as foreign investors reconsider their heavy allocations in U.S. stocks and bonds, potentially leading to a capital flight and a depreciation of the U.S. dollar, which could further escalate inflation and deter new foreign investment.
Source: YAHOO
Reported 2 days ago
Baidu reported first-quarter revenue of 32.45 billion yuan, exceeding analysts' expectations due to increased demand for its AI cloud services. The company maintains that U.S. export controls on semiconductors will not majorly impact its AI initiatives, thanks to domestic alternatives. While Baidu's online marketing revenue dipped, its non-online marketing earnings soared by 40% year-over-year, driven by AI innovations. CEO Robin Li emphasized the company's commitment to AI development amidst competition from local startups.
Source: YAHOO
Reported 2 days ago
Source: WSJ
Reported 2 days ago
The fragile trade truce between the US and China is under strain as both nations engage in a war of words, particularly over semiconductor issues. Following a short-lived pause on tariffs, China's Commerce Ministry announced plans for legal action against those undermining its semiconductor market, while the US highlighted the potential violation of export controls concerning Huawei chips. Amidst these tensions, significant declines in trade volumes have been observed, with retailers like Walmart warning of looming price hikes, which President Trump criticized. Experts caution that the ongoing tariff impositions could have long-lasting negative effects on both economies.
Source: YAHOO
Reported 2 days ago
U.S. stock futures dipped on Wednesday as market anxiety grew over renewed tensions between the U.S. and China regarding semiconductor exports. The Dow Jones, S&P 500, and Nasdaq futures fell in response to concerns over President Trump's tariffs, particularly after Target's disappointing earnings report and issues surrounding U.S. debt and currency fluctuations. With the S&P 500 breaking a six-day winning streak, investors are increasingly focused on the implications of the ongoing trade feud and upcoming economic reports.
Source: YAHOO
Reported 2 days ago
Source: WSJ
Reported 2 days ago
The US Commerce Department has initiated steps to impose anti-subsidy duties on key battery components imported from China, following a conclusion that these materials have been unfairly subsidized. This preliminary determination primarily targets active anode materials crucial for electric vehicle batteries, such as graphite and silicon, in response to concerns from US graphite producers regarding price competition. The final decisions on potential tariffs are anticipated later this year.
Source: YAHOO
Reported 2 days ago
Palantir Technologies, known for its data integration and software solutions through platforms Gotham and Foundry, has seen a significant rise in investor interest, particularly from institutional buyers. With a reported 39% revenue growth year-over-year, amounting to $884 million in Q1 2025, and a strong increase in commercial revenue, PLTR shares have surged by 67% this year. Analysts suggest that the company’s solid fundamentals and increasing demand make it a strong candidate for investment, indicating potential for further growth.
Source: YAHOO
Reported 2 days ago
The European Central Bank (ECB) is analyzing the dollar exposure of euro zone banks, but is assured that the U.S. Federal Reserve will continue to provide liquidity during periods of stress, according to ECB Vice-President Luis de Guindos. Despite concerns over the Fed's independence amid recent political pressure, de Guindos emphasized the importance of existing swap lines between the Fed and major central banks for global financial stability. He stated that banks are currently not showing signs of distress in dollar funding despite some market volatility.
Source: YAHOO
Reported 2 days ago
G-7 finance ministers, led by Canada's Francois-Philippe Champagne, are discussing the implementation of tariffs on low-value Chinese products due to concerns over market oversaturation. The agenda includes coordination on tackling overcapacity and addressing non-market trading practices, particularly as accusations surface against Chinese platforms like Temu and Shein for flooding markets with cheap goods. The U.S. has already removed a tariff exemption allowing low-value goods to enter duty-free, prompting fears that Chinese exports may shift to other markets, undermining local producers. Additionally, the G-7 will consider changes to the price cap on Russian oil amidst ongoing sanctions discussions.
Source: YAHOO
Reported 2 days ago
US-China tensions over semiconductor restrictions are escalating, as Beijing threatens legal action against those enforcing US sanctions on Huawei. Despite desires for improved relations, China's Commerce Ministry warns that cooperation with US restrictions may breach domestic laws. This comes amidst ongoing dialogue efforts and a recent trade truce, highlighting the complexity of resolving the larger economic conflict between the two nations.
Source: YAHOO
Reported 2 days ago
Traders are increasingly betting on a surge in long-term Treasury yields, driven by worries over the U.S. government's rising debt and deficits exacerbated by recent tax legislation. With expectations of higher rates by year's end, particularly for the 10-year yield approaching 5%, market sentiment reflects increased hedging activity and a bearish outlook, as indicated by rising premiums on options to protect against yield spikes.
Source: YAHOO
Reported 2 days ago
Epic Games' popular game, Fortnite, has been reinstated on the Apple App Store in the US after a four-year legal dispute. The conflict began when Epic introduced an alternative payment method for in-game purchases, violating Apple's policies. Following a court ruling, Apple was ordered to allow third-party payment options, leading to Fortnite's eventual approval for the App Store. Epic also plans to bring the game back to European marketplaces where it was previously removed.
Source: YAHOO
Reported 2 days ago
Oil prices increased following a CNN report indicating that new US intelligence suggests Israel may be preparing to strike Iranian nuclear facilities. Brent crude rose above $66 a barrel, with geopolitical tensions potentially hindering US-Iran nuclear negotiations and adding to Middle East instability. Analysts note that any Israeli military action could escalate the situation, impacting global oil supplies and prices.
Source: YAHOO
Reported 2 days ago
Wolfspeed, a semiconductor supplier, is reportedly preparing to file for Chapter 11 bankruptcy due to overwhelming debt and declining demand in the industrial and automotive markets. Shares plummeted over 57% amid concerns about its financial viability, dropping below analysts' revenue forecasts for 2026.
Source: YAHOO
Reported 2 days ago
The bond market is experiencing instability as long-term Treasury yields rise, driven by Moody’s credit downgrade and fears of increasing US debt. Analysts highlight a shift from recent positivity over trade tariffs to worries about fiscal health, leading to potential 'sell America' trends among investors. This situation raises concerns that a sustained increase above 5% in Treasury yields could negatively impact the dollar and exacerbate risk across global markets.
Source: YAHOO
Reported 2 days ago
Nvidia CEO Jensen Huang criticized the Biden administration's export controls on AI chips to China as a failure, saying they have resulted in billions in lost sales for American companies. At the Computex event in Taipei, he praised Trump for his intention to modify the previous restrictions, arguing that the rules were fundamentally flawed and detrimental to U.S. competitiveness in the AI market. Huang noted the significant growth of domestic competition in China and expressed optimism about Nvidia's prospects despite challenges posed by export limitations.
Source: YAHOO
Reported 2 days ago
President Trump is targeting major retailers like Walmart, Amazon, Ford, and Mattel regarding potential tariff-induced price hikes, primarily using public pressure tactics. While he has not explicitly suggested price controls, Trump has indicated that he is closely monitoring the situation and may use various governmental tools to exert influence, including investigations and legislative pressure. His public comments have already led some companies, like Home Depot, to announce they won't raise prices, highlighting the delicate balance between corporate pricing strategies and political scrutiny in an inflationary environment.
Source: YAHOO
Reported 2 days ago
JD Sports, a UK-based sportswear retailer, has announced a 2% decrease in its first-quarter sales and cautioned that U.S. tariffs imposed by President Trump could further drive prices up and affect customer demand. With nearly 40% of sales coming from the U.S., the company is adapting by diversifying its sourcing countries, although they acknowledge limited visibility on the tariffs' impact. JD Sports is optimistic about shareholder returns despite current market challenges.
Source: YAHOO
Reported 2 days ago
Malaysia's trade ministry is set to introduce incentives for its semiconductor industry by July, as reported by state media. Trade Minister Tengku Zafrul Aziz acknowledged the government’s ongoing support for the sector, which plays a significant role in global testing and packaging, accounting for 13% of the total market. The country has recently attracted substantial investments from leading companies like Intel and Infineon.
Source: YAHOO
Reported 2 days ago
摩根士丹利将其对美国股票的评级上调至'超配'，理由是尽管政策不确定性加大，但全球经济依然处于扩张状态，尽管增长放缓。
Source: YAHOO
Reported 2 days ago
British retailer Marks & Spencer announced that a sophisticated cyberattack will cost it approximately £300 million ($403 million) in operating profit, with disruptions likely to extend into July. The attack has disrupted online operations, affected food availability, and led to a significant drop in stock market value. Despite the challenges, M&S CEO Stuart Machin expressed confidence in the company's resilience and commitment to recovery.
Source: YAHOO
Reported 2 days ago
Etihad Airways has reported a remarkable 30% increase in first-quarter profit after tax, reaching 685 million dirhams ($186.52 million), driven by robust demand and enhanced operational efficiency. Total revenue surged by 15%, with passenger revenue rising 16% to 5.5 billion dirhams ($1.50 billion), thanks to expanded capacity and more frequent flights. CEO Antonoaldo Neves expressed pride in achieving record profits and customer satisfaction.
Source: YAHOO
Reported 2 days ago
UK inflation unexpectedly rose to 3.5% in April, significantly higher than March's 2.6%, driven by a sharp increase in air fares during the Easter holiday. This surge is the highest since January 2024, prompting concerns over the economy and impacting expectations for interest rate cuts by the Bank of England. Finance Minister Rachel Reeves expressed disappointment over the figures, which suggest a reduced likelihood of rate reductions in the near future. The rise in service prices and overall inflation has raised questions about the future trajectory of the UK economy.
Source: YAHOO
Reported 2 days ago
Julius Baer's CEO, Stefan Bollinger, stated that the bank does not anticipate any further significant credit losses following a $156 million write-down revealed during a credit portfolio review. He expressed confidence that no additional idiosyncratic risks would emerge that could lead to more notable losses. The write-down primarily concerned the private debt and mortgage books, as explained by CFO Evie Kostakis.
Source: YAHOO