Reported 26 days ago
After a rush in the spring to avoid tariffs, Americans are becoming more cautious, leading to a decrease in retail sales, according to the latest financial news.
Source: YAHOO
Reported 26 days ago
Airbus has raised its upper dividend payout target to 50% while reaffirming its 2025 guidance, aiming to reassure investors about its growth prospects. The company, facing supply chain challenges, reported a decrease in production disruptions and is optimistic about meeting its delivery targets despite potential bottlenecks from supplier issues.
Source: YAHOO
Reported 26 days ago
Global shares were mostly higher while oil prices slipped as investors anticipated a steady interest rate decision from the Federal Reserve. The ongoing conflict between Israel and Iran has driven crude oil prices higher, particularly due to Iran's significance as an oil exporter. Major indices saw varied effects with Japan’s Nikkei rising, while Hong Kong’s Hang Seng fell. Concerns over inflation and the impact of tariffs resulted in lower U.S. stock prices, despite some gains in specific companies like Verve Therapeutics.
Source: YAHOO
Reported 26 days ago
A recent survey by the Monetary Authority of Singapore indicates that economists have reduced their forecasts for the country's GDP growth to 1.7% and for inflation to 0.9%. The survey suggests expectations of further easing of monetary policy in light of geopolitical tensions and slower growth, following prior adjustments earlier this year.
Source: YAHOO
Reported 26 days ago
Goldman Sachs is implementing a significant restructuring in Asia to enhance its investment banking share, according to its newly appointed regional chief. The revamp involves unifying merger and acquisition teams and multiple business functions to create a cohesive regional platform, which the bank believes will allow for broader insights and more efficient execution. The chief noted a positive shift in M&A activity and investor sentiment in the region recently, suggesting that Goldman Sachs is well-positioned to benefit from favorable market conditions.
Source: YAHOO
Reported 26 days ago
China's consumer stimulus program, aimed at revitalizing the economy through subsidies for select goods, has led to a shopping frenzy, boosting retail sales growth significantly. However, regions like Henan and Chongqing have run out of funds, forcing them to suspend subsidies. While the program has shown effectiveness in driving sales, economists caution that sustainable measures are needed for long-term recovery, as the reliance on subsidies raises concerns about Beijing's fiscal limitations.
Source: YAHOO
Reported 26 days ago
The U.S. dollar weakened against the yen and Swiss franc as investors sought safe-haven assets amid ongoing Israel-Iran conflict, while anticipation built for the Federal Reserve's interest rate decision. Israel's military actions against Iran and the U.S. military's increased presence in the region heightened fears of conflict escalation. Despite the dollar's recent gains, much uncertainty in the market remains due to geopolitical tensions and economic factors, leading to subdued activity ahead of the Fed meeting.
Source: YAHOO
Reported 26 days ago
SunRun shares dropped 40% on Tuesday amid a sell-off in solar energy stocks after the Senate removed clean-energy tax credits from the budget bill. A falling three methods chart pattern indicates a potential continuation of the downtrend, with critical support levels at $4.75 and $4.33, while resistance levels to monitor during recovery efforts are at $8.50 and $13.25.
Source: YAHOO
Reported 26 days ago
BlackRock has announced the closure of 14 mutual funds and ETFs, roughly half of which focus on sustainable investing, primarily due to low asset attraction, with most funds managing less than $50 million. Analysts suggest the diminishing demand for sustainable products may be tied to ongoing backlash against ESG principles, coupled with a trend favoring passive investment strategies over active ones. Despite these closures, BlackRock remains a key player in the global sustainable investing landscape.
Source: YAHOO
Reported 26 days ago
The ongoing conflict between Israel and Iran has shifted the dynamics of various sector ETFs, particularly those related to energy, aerospace, and defense, which initially faced losses but have since rebounded amid speculation of rising oil prices and increased demand for military assets. Funds tracking Israeli companies, like the iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF, also experienced volatility but have shown signs of recovery. Experts suggest that diversification in portfolios, including assets like gold and managed futures, is essential in navigating the market turmoil exacerbated by this conflict.
Source: YAHOO
Reported 26 days ago
Mexico's telecommunications regulator has fined America Movil's Telcel nearly $94 million for exclusive SIM card sales agreements with the Oxxo convenience chain, alleging monopolistic practices. Telcel and Oxxo both plan to challenge the fines, claiming the investigation is biased.
Source: YAHOO
Reported 27 days ago
Amid escalating trade tensions between the U.S. and China, pharmaceutical companies in China, including WuXi AppTec and WuXi Biologics, are adjusting their project plans, stockpiling supplies, and considering local testing of clinical samples to mitigate disruptions. This shift arises from fears of tariff increases and uncertainty in the supply chain, prompting businesses to reconsider their reliance on U.S. imports for essential materials, risking delays in drug development.
Source: YAHOO
Reported 27 days ago
A recent Reuters poll reveals that Japanese manufacturers' confidence decreased in June due to uncertainties surrounding U.S. tariffs and declining demand from China. The manufacturers' index fell from plus 8 in May to plus 6, with expectations of further decline to plus 2 in the next three months. Concerns were particularly noted in the automotive sector, where rising tariffs have led to reduced production. Conversely, the service sector maintained a stable confidence level at plus 30, although expectations suggest a weakening outlook.
Source: YAHOO
Reported 27 days ago
On Wednesday, June 18, investors will focus on the Federal Reserve's interest rate decision, anticipated to hold steady, along with comments from Fed Chair Jerome Powell. Fresh data on housing starts and building permits will be released, with expectations for a decline in housing starts and an increase in permits. Additionally, the initial jobless claims report is expected to indicate a resilient labor market with claims falling to 245,000. Earnings reports from Smith & Wesson and Aurora Cannabis will also be monitored.
Source: YAHOO
Reported 27 days ago
Hasbro, the toy maker known for Monopoly, has announced a 3% reduction in its global workforce, translating to about 150 jobs, as part of a cost-cutting strategy in response to higher U.S. tariffs on toys imported from China. The company is working to diversify its sourcing to mitigate reliance on Chinese manufacturing amidst growing trade tensions. This follows previous job cuts and reflects broader efforts to restructure and adapt to changing market demands.
Source: YAHOO
Reported 27 days ago
The Delaware Supreme Court overturned a previous order requiring Canada's TC Energy to pay $199.2 million in damages related to its $13 billion acquisition of Columbia Pipeline Group in 2016. This ruling followed claims by Columbia shareholders that TC Energy should be held liable for reducing the takeover price, which allowed former executives to receive large severance packages. The Court determined that TC Energy lacked actual knowledge of any breach of fiduciary duty, leading to the dismissal of the damages claim.
Source: YAHOO
Reported 27 days ago
The U.S. Senate has passed the GENIUS Act, establishing a regulatory framework for stablecoins, a pivotal move for the cryptocurrency sector. With bipartisan support, the bill, which passed 68-30, requires stablecoins to be backed by liquid assets and mandates issuers to disclose reserve compositions monthly. If successful in the House of Representatives and signed into law, this legislation could significantly enhance the use and transparency of stablecoins, amidst ongoing concerns about big tech's influence and potential corruption tied to President Trump's cryptocurrency ventures.
Source: YAHOO
Reported 27 days ago
OpenAI has received a $200 million contract from the U.S. Department of Defense to develop prototype systems utilizing its advanced models for various administrative tasks, including healthcare support and cyber defense. This contract possibly strains OpenAI's relationship with Microsoft, its major investor, as Microsoft has historically handled many federal contracts, notably with the DoD. The announcement also highlights the competition between U.S. and Chinese AI advancements in a rapidly evolving landscape.
Source: YAHOO
Reported 27 days ago
The Senate has approved new regulations for the cryptocurrency industry, but notably did not address the investments made by former President Trump in this sector.
Source: YAHOO
Reported 27 days ago
Tesla's stock fell nearly 4% as reports emerged of a weeklong production halt at its Austin, Texas plant, impacting Cybertruck and Model Y manufacturing. This pause begins the week of June 30 for maintenance, marking Tesla's third production stoppage within a year. The company also faces challenges with sales and tariffs, losing about 20% of its stock value since the beginning of 2025.
Source: YAHOO
Reported 27 days ago
AMD shares have reached a five-month high following positive Wall Street reactions to its recent 'Advancing AI' event. The stock has broken out of a pennant pattern and closed above the critical 200-day moving average. Investors should note important price levels to watch: resistance at $145, $160, and $175, as well as support at $115 and $108. Analysts also speculate about potential partnerships with major firms like Amazon, further driving investor interest.
Source: YAHOO
Reported 27 days ago
Amazon's CEO Andy Jassy has indicated that the rise of artificial intelligence could lead to a reduction in the company's corporate jobs. In a memo to employees, Jassy stated that AI could enhance efficiency by taking over repetitive tasks, though he did not specify the exact impact on job numbers. Amazon plans to invest over $100 billion in AI infrastructure this year, focusing on innovation and automation.
Source: YAHOO
Reported 27 days ago
The global lead-acid battery industry is facing a significant challenge due to China's export restrictions on antimony, a crucial mineral for battery production and military applications. Since the restrictions were implemented late last year, antimony prices have skyrocketed, leading to increased procurement costs for manufacturers, which are now being passed onto consumers. The U.S. companies, heavily dependent on Chinese supply, are now struggling to source the mineral from alternative markets, with a potential risk that rising prices could compromise production and sustainability in the sector.
Source: YAHOO
Reported 27 days ago
On June 17, 2025, the S&P 500 fell by 0.8% due to increasing tensions in the Middle East following President Trump's tougher stance on Iran. Solar and airline stocks experienced significant losses, with solar companies suffering from a Senate budget proposal phasing out clean energy tax credits. In contrast, Jabil's shares rose 8.9% after exceeding earnings expectations, showcasing strong demand in its AI-driven sectors. Overall, major U.S. equity indexes suffered losses amidst market uncertainties.
Source: YAHOO
Reported 27 days ago
Early Warning Services, the owner of Zelle, is collaborating with fintech giant Fiserv to broaden the reach of its digital wallet, Paze, beyond its seven banking partners. The partnership aims to facilitate merchant adoption and enhance payment processing capabilities, although expansion may take time. Early Warning also seeks to integrate Paze with Fiserv's Clover platform for small businesses and plans to add more card issuers to its wallet, yet it faces competition in a rapidly evolving payment landscape.
Source: YAHOO