KANANASKIS, ALBERTA – JUNE 16: U.S. President Donald Trump walks out to talk to reporters at the G7 Leaders’ Summit on June 16, 2025 in Kananaskis, Alberta. Chip Somodevilla | Getty Images News | Getty ImagesTop U.K., France and Germany diplomats are pushing for eleventh-hour diplomacy with Iran in Geneva on Friday, as Washington weighs the possibility of joining Israel’s military campaign against Tehran over the next two weeks.Iran and Israel have been trading fire for the past week, in the latest climax of tensions that have been simmering since the Tehran-backed Hamas’ terrorist attack against the Jewish state in…
Author: usaeverydaylife
Wedbush’s Dan Ives believes that Tesla “remains the most undervalued AI play in the market today” and could roughly double its value by the end of next year. In a Friday note, the analyst reiterated his outperform rating and $500 price target on the electric vehicle maker. Shares of Tesla closed at $322.05 on Wednesday, meaning that Ives’ forecast signals upside of more than 55%. Tesla has struggled this year, plunging more than 20%. TSLA YTD mountain TSLA YTD chart Still, Ives remains bullish on the stock, noting that the “golden era of autonomous for Tesla” officially begins Sunday in…
Cranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England.Anna Barclay | Getty Images News | Getty ImagesU.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing U.K. nuclear project Hinkley Point.The deal was first reported by the Financial Times on Friday and supported by two sources speaking to CNBC on condition of anonymity because of the sensitivity of the matter.Construction of the Hinkley Point C plant, the first nuclear power station to be built in Britain in decades, has been delayed multiple times…
Aggressive U.S. immigration policies could mean trouble for Jack in the Box , according to Stifel. The investment firm downgraded shares of the fast-food restaurant chain to hold from buy. Analyst Chris O’Cull also lowered his price target to $20 per share from $32, implying 17% upside. O’Cull said President Donald Trump’s aggressive immigration policies will likely create a significant sales headwind, with unrest and fears of deportation further squeezing the stock. The analyst noted that Jack in the Box is significantly more popular with Hispanic consumers in particular, versus other quick service restaurants. “With a heavy concentration of JIB…
Apollo to supply £4.5 billion loan to UK nuclear projectCranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England.Anna Barclay | Getty Images News | Getty ImagesU.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing U.K. nuclear project Hinkley Point.The deal was first reported by the Financial Times on Friday and supported by two sources speaking to CNBC on condition of anonymity because of the sensitivity of the matter.The deal would be among the biggest private capital investments in a project of U.K. national interest.Read…
Members of the California National Guard stand guard outside the Federal Building before a curfew takes effect in Los Angeles on June 10, 2025, following days of protests in response to federal immigration operations that saw clashes spread across downtown. Benjamin Hanson | Afp | Getty ImagesAn appeals court on Thursday allowed President Donald Trump to keep control of National Guard troops he deployed to Los Angeles following protests over immigration raids.The decision halts a ruling from a lower court judge who found Trump acted illegally when he activated the soldiers over opposition from California Gov. Gavin Newsom.The deployment was…
Chinese e-commerce giant Alibaba’s Taobao and Tmall reported strong sales in categories eligible for government subsidies.Serene Lee | Sopa Images | Lightrocket | Getty ImagesChina’s latest shopping festival, which wrapped up Wednesday, pointed to a pickup in consumption, as e-commerce companies reported strong sales of consumer electronics, as well as beauty and pet care products.The 618 festival is one of the biggest promotional periods of the year in China as Alibaba, JD.com and other major Chinese e-commerce platforms roll out discounts.This year, the festival’s gross merchandise value, a measure of sales over time, surged by 15.2% from last year to…
The Home Depot logo is displayed outside a store on March 10, 2025 in San Diego, California. Kevin Carter | Getty ImagesBillionaire Brad Jacobs’ new building-products distributor QXO offered to acquire GMS for about $5 billion in cash and said it will proceed with a hostile takeover if the company’s management rejects the proposal.This is Jacobs’s second hostile takeover threat in the building sector this year and part of his plan to turn QXO into a $50 billion revenue building-products distributor within a decade.Home improvement chain Home Depot has also made an offer for GMS, The Wall Street Journal reported…
Bulldozer scoop soil containing various rare earth to be loaded on to a ship at a port in Lianyungang, east China’s Jiangsu province on September 5, 2010, for export to Japan.Str | Afp | Getty ImagesJapan has been quietly blazing a trail for supply chain resilience.Long before China in early April imposed an export ban on several rare earth elements and magnets widely used in the automotive, robotics and defense sectors, Japan became something of a canary in the coal mine for Beijing’s mineral dominance.The East Asian country was thrust into panic mode in 2010 when China implemented an export…
A ground network of satellites at the headquarters of Eutelsat Madeira Unipessoal Lda in Canial, Madeira, Portugal, on Saturday, March 8, 2025.Bloomberg | Bloomberg | Getty ImagesEutelsat shares popped on Friday morning, after the European satellite operator announced a 1.35 billion euro ($1.55 billion) capital raise backed by the French state and other investors.The company’s stock was up 14% at 09:17 a.m. London time.The company said that, along with a debt refinancing plan, the capital increase would support its investment in its existing Low Earth Orbit (LEO) capabilities, which are focused on business-to-business and business-to-government operations.Eutelsat shares have been hugely volatile…
