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Ford to partner with Chinese automaker Geely in Spain in new joint venture
Associated Press24d agoneutral
Ford to partner with Chinese automaker Geely in Spain in new joint venture

Ford and Chinese automotive company Geely Auto announced plans on Thursday to jointly manufacture low- and zero-emission vehicles at Ford's Valencia, Spain factory. The partnership is a bid to reignite Ford’s offerings for the European auto market as the legacy carmaker seeks to compete with the likes of fast-moving Chinese companies that are rapidly dominating auto sales across the globe. It comes amid challenges for the American electric vehicle market and increasing global geopolitical tensions driven by U.S. tariff policy.

Bloomberg24d agoneutral
Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks

(Bloomberg) -- The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from Alphabet Inc. and Tesla Inc. are casting doubt on the durability of the artificial intelligence trade that has powered the stock market for more than three years.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of

The Magnificent Seven Are Tumbling
The Wall Street Journal24d agoneutral
The Magnificent Seven Are Tumbling

$888.2 billion That's how much the Mag Seven tech stocks have collectively lost in market value today, as of midday trading. It's the biggest one-day market cap decline for those names since the tariff turmoil of April 2025.

Lilly Stock Is Rising on Plan to Seek Approval for Newest Weight-Loss Drug in 2027
Barrons.com24d agoneutral
Lilly Stock Is Rising on Plan to Seek Approval for Newest Weight-Loss Drug in 2027

Drugmaker Eli Lilly said Thursday that it is on track to seek federal approval for its next-generation obesity drug early next year. Lilly became the first drug company to reach a trillion dollar valuation last fall as sales of its weight loss drugs took off. Among adults with general obesity, the weekly injectable lowered the weight of late-stage trial participants by an average of 28% over 80 weeks at the highest doses tested.

General Motors analyst sets new stock price target after earnings
TheStreet24d agoneutral
General Motors analyst sets new stock price target after earnings

General Motors shares are on a heater this week after the automaker reported second-quarter results ahead of expectations and raised its full-year guidance. Despite formidable headwinds, including tariffs and rising gas prices, GM reported a 30% increase in profits year over year. GM's ...

How Novo Nordisk’s GLP-1 Advertising Lawsuit Against Eli Lilly (LLY) Has Changed Its Investment Story
Simply Wall St.24d agobearish
How Novo Nordisk’s GLP-1 Advertising Lawsuit Against Eli Lilly (LLY) Has Changed Its Investment Story

In recent days, Novo Nordisk filed a federal lawsuit against Eli Lilly, alleging that Lilly’s nationwide advertising for obesity and diabetes drugs like Zepbound and Mounjaro used outdated clinical data and unfair dose comparisons to claim superiority over Novo’s Wegovy and Ozempic. The case raises legal and regulatory questions around drug marketing practices in the high-stakes GLP-1 market, where only a few companies currently compete at scale. Beyond the courtroom, this dispute highlights...

Steelmaker Cleveland-Cliffs Surges As Chief Executive Touts Tariffs
The Wall Street Journal24d agobullish
Steelmaker Cleveland-Cliffs Surges As Chief Executive Touts Tariffs

Shares of Cleveland-Cliffs are up about 16% after the steelmaker forecast profits in the back half of the year will be the strongest in five years. Cliffs is the largest producer of steel for the automotive industry. Goncalves said he would consider restarting an idle steel mill in Dearborn, Mich., if automakers commit to relocating more vehicle production to the U.S. from Mexico, Canada or South Korea.

10-Year Yield Trades at Highest Level for the Year
Barrons.com24d agoneutral
10-Year Yield Trades at Highest Level for the Year

Treasuries are getting hit hard thanks to data showing economic resilience and higher oil prices. Meanwhile, jobless claims unexpectedly plunged. Higher oil prices push up yields as investors demand more coupon for a potentially higher inflation print in the future.

Justice Department to Speed Up Merger Reviews by Asking Less of Companies
The Wall Street Journal24d agoneutral
Justice Department to Speed Up Merger Reviews by Asking Less of Companies

WASHINGTON—Merging companies will get a shortcut to ending antitrust investigations under a Justice Department change meant to make the government review process less burdensome for businesses. The department’s antitrust division plans to announce on Thursday a new model for streamlining merger reviews that would quickly focus on the most apparent ways a deal might diminish competition, according to department officials. Antitrust enforcers won’t use the targeted approach in every case, but the process will allow some deals to clear federal scrutiny earlier, the officials said.

Taiwan Semiconductor Manufacturing Company Limited (TSM) Is Raising Prices Up to 10%. Can Customers Push Back?
Insider Monkey24d agoneutral
Taiwan Semiconductor Manufacturing Company Limited (TSM) Is Raising Prices Up to 10%. Can Customers Push Back?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) plans to raise chipmaking prices by up to 10% starting in 2027, according to Nikkei Asia, citing multiple people briefed on the talks. Reuters and Bloomberg both confirmed the report. Base price increases will range from 5% to 10% depending on the customer and product, and mature-node chips built […]

McDonald's (MCD) Faces Stubborn Price Sensitive Traffic Despite Lower Gas Prices
Simply Wall St.24d agoneutral
McDonald's (MCD) Faces Stubborn Price Sensitive Traffic Despite Lower Gas Prices

New research highlights that easing gas prices are not significantly lifting restaurant traffic, as consumers face falling real wages and thinner savings. McDonald's (NYSE:MCD) is included among chains where customers remain highly price sensitive despite lower fuel costs. The report points to brands that manage menu inflation and respond to demand for healthier options as better placed under ongoing spending pressure. For McDonald's investors, this adds another data point to a year where...

Bloomberg24d agobullish
German Bond Yields Hit 15-Year High as Oil Spikes Before ECB

(Bloomberg) -- German bond yields rose to the highest level since 2011 as surging energy prices and mounting inflation expectations fueled bets on interest-rate hikes ahead of the European Central Bank’s decision later Thursday. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAl

The world is crazy but stocks are up?
Axios24d agoneutral
The world is crazy but stocks are up?

A markets mystery has perplexed some analysts this year: Why are stocks sitting near all-time highs while the global economy is rocked by geopolitical conflict and inflation pressures?

Stock Futures Fall as Oil Prices Spark Renewed Inflation Fears
Barrons.com24d agobearish
Stock Futures Fall as Oil Prices Spark Renewed Inflation Fears

Stock futures were falling ahead of the open Thursday as investors assessed rising inflationary risks from the conflict with Iran, and a flurry of earnings reports. S&P 500 futures lost 0.5% with contracts tracking the tech-heavy Nasdaq down 0.6%. Inflation is on focus again amid renewed U.S. strikes against Iran and diminishing signs of progress in peace talks.