Reported 25 days ago
Pixelle Specialty Solutions has announced the phased closure of its Chillicothe Paper Mill in Ohio, with production ending by August 10, 2025. The company plans to relocate operations to its Spring Grove site and is preparing for decommissioning, while also seeking potential buyers for the facility. Efforts to keep the mill operational have been explored in collaboration with local partners, but declining staffing and demand have made closure unavoidable. Pixelle is committed to supporting affected employees and discussing future site redevelopment with local authorities.
Source: YAHOO
Reported 25 days ago
SUEZ has secured a 15-year power purchase agreement with Bouygues Telecom to supply 800GWh of renewable electricity starting January 2027. The contract aims to bolster Bouygues Telecom's decarbonization efforts by sourcing low-carbon energy from household waste recovery, reinforcing SUEZ's strategy to enhance environmental performance and support clients in their energy transition. Bouygues Telecom's purchasing director emphasized the importance of this partnership in diversifying their renewable energy portfolio and ensuring long-term price stability.
Source: YAHOO
Reported 25 days ago
Investors should pay attention to key events on June 19 and 20, including the market closure for Juneteenth and the impending deadline for TikTok's parent company, ByteDance, to sell the app to avoid a U.S. ban, which may be extended by President Trump. Additionally, several companies, including Accenture and Kroger, will release earnings reports on June 20.
Source: YAHOO
Reported 25 days ago
Shares of stablecoin issuer Circle and cryptocurrency exchange Coinbase saw significant gains after the U.S. Senate passed a critical stablecoin bill with bipartisan support, paving the way for more comprehensive regulation in the crypto space. This legislation aims to provide clearer guidelines for issuing and managing stablecoins, potentially increasing their legitimacy and driving growth in the $256 billion stablecoin market. Circle, which recently went public, reported a major spike in its share price alongside rising revenues from its USDC stablecoin.
Source: YAHOO
Reported 25 days ago
Marvell Technology's stock surged following a recent event showcasing its custom AI chips, leading Bank of America analysts to raise their price target for the stock to $90. Senior semiconductor analyst Vivek Arya emphasized Marvell's strong multi-year roadmap and partnerships with major clients like Amazon, Microsoft, and Google. He highlighted the increasing opportunities for growth in both compute and networking sectors within the AI market, indicating a potential for significant earnings growth by 2028.
Source: YAHOO
Reported 25 days ago
Federal Reserve Chairman Jerome Powell indicated the Fed may maintain its current stance through the summer while awaiting clearer inflation signals. Experts like Citi's Veronica Clark and Schwab's Kevin Gordon discussed the implications for interest rates, trade tariffs, and signs of weakness in the labor market.
Source: YAHOO
Reported 25 days ago
A rising number of employers are adopting Individual Coverage Health Reimbursement Arrangements (ICHRAs), allowing employees to use allocated funds to select their own health insurance plans instead of opting for traditional group insurance. This shift offers smaller companies a more manageable way to provide health benefits and aligns with conservative goals of increasing consumer choice. However, it places the burden of finding coverage on workers, which can be challenging given the complexities of the individual insurance market.
Source: YAHOO
Reported 25 days ago
The Federal Reserve decided to maintain interest rates in the range of 4.25%-4.5%, predicting two rate cuts later this year despite concerns over rising inflation and sluggish economic growth. While the S&P 500 and Nasdaq indices showed slight gains, geopolitical tensions between Israel and Iran continue to create uncertainty in the markets, with investors wary of potential negative impacts from upcoming tariff announcements and weak housing data.
Source: YAHOO
Reported 25 days ago
Margins are expected to be the 'biggest pressure point' for earnings this year, according to financial experts. With the Federal Reserve maintaining steady rates and anticipating two cuts, attention shifts to how companies manage labor costs amid inflation and tariffs as they report their earnings. The response to rising costs and inconsistent market themes highlights the varying strategies companies are employing, particularly in how they address labor to protect their margins.
Source: YAHOO
Reported 25 days ago
Source: BARRONS
Reported 25 days ago
Don Lemon shares his financial journey and insights in a candid interview, reflecting on how his upbringing in a segregated neighborhood influenced his views on wealth and ambition. He discusses leaving CNN to embark on his own media venture, the myths surrounding media salaries, the significance of homeownership, and the financial challenges of entrepreneurship. Lemon emphasizes the importance of saving, making smart investments, and avoiding lifestyle creep, urging others to focus on financial independence rather than material possessions.
Source: YAHOO
Reported 25 days ago
The Federal Reserve has maintained interest rates for the fourth consecutive meeting, stating that while the labor market remains strong and unemployment low, inflation is still high. The Fed anticipates two rate cuts this year, although opinions among officials vary, with some predicting no cuts. They also revised their inflation forecast upwards and slightly lowered growth expectations. The overall economic outlook shows reduced uncertainty, though it remains a concern.
Source: YAHOO
Reported 25 days ago
Nestlé has announced the nomination of Pablo Isla, former CEO of Inditex, as the next chairman to replace Paul Bulcke, who will step down in April 2026. Isla's appointment marks a departure from the company's tradition of selecting former CEOs for the role. This change comes amid a broader leadership reshuffle at Nestlé, following a challenging performance period for the company.
Source: YAHOO
Reported 25 days ago
A recent analysis reveals that iconic U.S. companies like Boeing, General Electric, Ford, and Intel are being significantly outperformed by their foreign competitors over the past decades. Despite some exceptions in the tech sector, overall trends show these U.S. firms trailing in shareholder returns as international companies thrive. Notable comparisons include Boeing's struggles against Airbus, GE's decline relative to Siemens, Ford's stagnation next to Toyota, and Intel's decline compared to Taiwan Semiconductor, highlighting the need for innovation and diversification as global competition intensifies.
Source: YAHOO
Reported 25 days ago
Adobe and Apple are integrating AI into their products, with Adobe focusing on creative tools and Apple enhancing its operating systems. Despite both companies facing market challenges, Adobe has shown resilience with a growing portfolio in AI, while Apple struggles with underwhelming sales of its new AI features. Analysts suggest Adobe is a better investment due to its positive growth outlook and higher earnings estimates, compared to Apple, which faces declining earnings expectations.
Source: YAHOO
Reported 25 days ago
Amazon's autonomous driving subsidiary Zoox has opened a robo taxi production facility in California aimed at producing 10,000 vehicles annually. Meanwhile, Alphabet's Waymo is set to begin testing its robotaxis in New York City next month with a human driver to gather data. In other news, Oracle's stock surged after analysts raised their price target to $250 while maintaining a buy rating.
Source: YAHOO
Reported 25 days ago
The average long-term mortgage rate in the US has fallen to 6.81%, experiencing its third consecutive weekly decline, according to Freddie Mac. This drop is viewed positively for prospective homebuyers as high borrowing costs continue to impact the housing market. Alongside this decline, the average rate for 15-year fixed-rate mortgages has also decreased to 5.96%. Despite recent improvements, the housing market remains sluggish, reflecting ongoing challenges stemming from past elevated mortgage rates and a low sales environment.
Source: YAHOO
Reported 25 days ago
Chase has increased the annual fee of its Sapphire Reserve credit card from $550 to $795 while introducing new perks, such as travel credits and status at IHG Hotels. Yahoo Finance's Ben Walker compares the updated Sapphire Reserve with other cards like the Sapphire Preferred, American Express Platinum, and Capital One Venture X. While the Sapphire Preferred may be more suitable for most users due to its lower fee, the Sapphire Reserve offers premium benefits that could appeal to frequent travelers. The comparison highlights that each card has unique advantages based on individual travel needs.
Source: YAHOO
Reported 25 days ago
Macquarie Group from Australia announced its acquisition of stakes in Bristol, Birmingham, and London City airports from Ontario Teachers' Pension Plan. The investment consists of a 55% stake in Bristol, 26.5% in Birmingham, and 25% in London City Airport. This strategic move aims to enhance the operational capabilities of these airports, which serve over 25 million passengers annually, with a focus on expanding route networks and improving the passenger experience.
Source: YAHOO
Reported 25 days ago
Experts are questioning President Trump's potential actions amidst the escalating Iran-Israel conflict, with uncertainties about whether he will intervene or seek to de-escalate tensions. Brad Smith discusses insights from Professor Fawaz Gerges of the London School of Economics, emphasizing that while Iran has been weakened by Israeli strikes, the idea of regime change is unrealistic, as Iran is prepared to resist for the long haul.
Source: YAHOO
Reported 25 days ago
Sugar prices have fallen to their lowest levels in four years as global production is projected to significantly increase, particularly in India and Brazil. The USDA forecasts a global sugar surplus of 41.188 million metric tons for the 2025/26 season, driven by expected larger harvests. While some funds showed short covering in London today, the overall outlook remains bearish due to the anticipated record production levels, which could further depress prices.
Source: YAHOO
Reported 25 days ago
Source: BARRONS
Reported 25 days ago
David Zaslav, CEO of Warner Bros. Discovery, will face a pay cut due to the company's impending split, affecting his annual salary and bonuses. His basic salary will remain at $3 million, but his target bonus will drop significantly from $22 million to $6 million, with the possibility of earning up to $150 million in stock options if company performance targets are met.
Source: YAHOO
Reported 25 days ago
Constellium reports that visibility for aviation suppliers is improving thanks to Airbus' efforts to resolve supply chain issues. While bottlenecks, particularly in engines, have impacted Airbus' production, the company remains confident in meeting its 2025 delivery targets. Constellium, a leading aluminium supplier for the aerospace industry, has experienced reduced volumes but sees a positive trend ahead as demand is expected to increase over the next two years alongside deliveries from Airbus and Boeing.
Source: YAHOO
Reported 25 days ago
Source: BARRONS