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Sarah Ferguson's charity to close days after new Epstein revelations
© BBC News
BBC News

Sarah Ferguson's Charity Closes After Epstein Revelations

Sarah's Trust, the charity of Sarah Ferguson, Duchess of York, is closing following new revelations she sought business advice from Jeffrey Epstein while in jai

  • LONDON – Sarah's Trust, the flagship charitable foundation of Sarah Ferguson, Duchess of York, is set to close its doors, a move announced just days after newly unsealed court documents revealed she sought business advice from the disgraced financier Jeffrey Epstein while he was still incarcerated for sex offenses involving a minor.
  • The 2009 Email: An email dated June 14, 2009, sent from an address associated with the Duchess and signed "Sarah," was addressed to Jeffrey Epstein. At the time, Epstein was serving a sentence in a Florida jail for procuring a child for prostitution.
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China bans hidden car door handles over safety concerns
© BBC Business (Finance)
BBC Business (Finance)

China Bans Hidden Car Door Handles Over Safety Concerns

China issues a new mandate banning hidden and pop-out car door handles due to safety risks, forcing automakers to redesign vehicles for emergency access.

  • BEIJING – In a decisive move that prioritizes safety over modern design aesthetics, Chinese regulators have issued a new mandate effectively banning flush, pop-out, and other "hidden" car door handles. The regulation, reported by state media, will have significant and immediate repercussions for dozens of global and domestic automakers, potentially forcing costly redesigns and altering a key feature of many popular electric vehicles (EVs).
  • The Core Requirement: Under the new rules, all new cars sold in China must be equipped with door handles that feature a mechanical release mechanism, accessible from both the outside and the inside of the vehicle. This ensures doors can be opened even if the car's electronic systems or main power supply fails.
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Elon Musk's SpaceX confirms it is taking over xAI
© BBC Business (Finance)
BBC Business (Finance)

SpaceX Acquires Elon Musk's xAI in $25 Billion Merger

Learn about SpaceX's acquisition of xAI. The $25B deal merges Elon Musk's space and AI ventures to accelerate space exploration and develop AGI.

  • LONDON – In a seismic consolidation of his technology empire, Elon Musk's aerospace giant SpaceX has confirmed it will acquire his artificial intelligence startup, xAI. The all-stock deal, which sources value at approximately $25 billion, formally integrates the AI firm into the world's most valuable private company, creating a vertically integrated behemoth aimed at accelerating humanity's technological frontier.
  • Why it matters: The merger is less a traditional corporate acquisition and more a strategic fusion of two pillars of Musk's long-term vision. It positions SpaceX not just as a space exploration company, but as a leader in the race for Artificial General Intelligence (AGI), leveraging its vast engineering and data resources to fuel AI development.
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Door is open to customs union talks with UK, EU Commissioner says
© BBC Business (Finance)
BBC Business (Finance)

EU Signals Openness to UK Customs Union Talks

The EU is open to discussing a new customs union with the UK, says a top official, signaling a potential reset of the post-Brexit trade relationship.

  • BRUSSELS – The European Union has signalled a significant opening for a reset of its post-Brexit trading relationship with the United Kingdom, with a top official stating Brussels is prepared to discuss a new customs union. The comments from European Commission Executive Vice-President Valdis Dombrovskis represent the most explicit invitation to date for the UK to revisit the core terms of its trade deal, a move that could dramatically reduce economic friction but would require a major political shift in London.
  • Current Reality: The TCA, while preventing tariffs, created significant non-tariff barriers. These include customs declarations, rules of origin checks, regulatory hurdles, and sanitary and phytosanitary (SPS) inspections for agri-food products.
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Business

Financial news and market updates

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Review & Preview: Cast No Shadow
© Yahoo Finance
Yahoo Finance

Market Lull: Economic Data Hiatus & What Comes Next

A rare quiet period hits financial markets with no major economic data or central bank news. This lull is a critical time for investors to assess and prepare.

  • Byline: A Senior Financial Correspondent
  • Central Bank Silence: No scheduled meetings or major speeches are on the docket from the U.S. Federal Reserve, European Central Bank, Bank of Japan, or Bank of England. This implies monetary policy will remain in a data-dependent holding pattern, with policymakers themselves awaiting new information.
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Cenovus Energy (CVE) Stock Falls Amid Market Uptick: What Investors Need to Know
© Yahoo Finance
Yahoo Finance

Cenovus Energy (CVE) Stock Falls: What Investors Should Know

Cenovus Energy (CVE) stock dropped despite a market rally. Explore why the stock is underperforming, its recent monthly gains, and what to expect from earnings.

  • CALGARY, AB – Shares of Canadian energy giant Cenovus Energy (CVE) diverged sharply from a buoyant broader market in the recent trading session, raising questions for investors about the stock's near-term trajectory. While major indices climbed, Cenovus shares shed 1.32% to close at $19.46, a move that belies the stock's strong monthly performance but aligns with a recent downturn in analyst sentiment.
  • Daily Underperformance: Cenovus's 1.32% drop occurred on a day when the S&P 500 gained 0.54%, the Dow Jones Industrial Average climbed 1.05%, and the tech-focused Nasdaq Composite added 0.56%.
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Adecoagro (AGRO) Stock Falls Amid Market Uptick: What Investors Need to Know
© Yahoo Finance
Yahoo Finance

Adecoagro (AGRO) Stock Dips: What Investors Should Know

Adecoagro (AGRO) stock closed down 1.81% despite a market rally. Learn about the factors behind the drop, its recent performance, and what to watch for.

  • NEW YORK – Adecoagro S.A. (NYSE: AGRO) shares experienced a notable downturn in the latest trading session, closing at $8.70, a decrease of 1.81%. The decline placed the agricultural and renewable energy producer in stark contrast to the broader market, which enjoyed a decidedly positive day. This divergence has left many investors parsing a complex set of signals surrounding the company, from challenging annual forecasts to a surprisingly bullish short-term analyst consensus.
  • Recent Outperformance: In the period leading up to today's trading, AGRO shares had surged 14.18%. This performance dramatically outpaced the 5.75% gain of the broader Consumer Staples sector and the modest 0.74% increase in the S&P 500 over the same timeframe. This indicates strong positive momentum and investor confidence in the weeks prior to the recent dip.
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Copart, Inc. (CPRT) Stock Sinks As Market Gains: Here's Why
© Yahoo Finance
Yahoo Finance

Why Copart (CPRT) Stock Dropped Despite Market Rally

Shares of Copart, Inc. (CPRT) fell despite a market rally. We analyze the company-specific concerns, profit-taking pressure, and earnings outlook driving the dr

  • NEW YORK – In a session marked by broad market optimism, shares of online auto auction giant Copart, Inc. (NASDAQ: CPRT) diverged sharply, closing in the red and prompting investors to scrutinize the factors weighing on the otherwise high-flying stock. The move highlights a growing sense of caution as the company approaches a critical earnings release, with expectations pointing toward stagnated profit growth.
  • Recent Outperformance: Heading into the session, CPRT shares had surged 7.44% over the past month. This performance handily beat both the S&P 500's modest 0.74% gain and the Business Services sector's 6.48% loss over the same period.
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HudBay Minerals (HBM) Rises Higher Than Market: Key Facts
© Yahoo Finance
Yahoo Finance

HudBay Minerals (HBM) Stock Outperforms Market: Key Facts

HudBay Minerals (HBM) stock is surging, outperforming the S&P 500 and its sector. Discover why investor confidence is high ahead of its earnings report.

  • NEW YORK – HudBay Minerals Inc. (NYSE: HBM) demonstrated notable strength in the latest trading session, closing higher and continuing a trend of significant outperformance against both the broader market and its sector peers. The surge comes as investors sharpen their focus on the company's upcoming earnings report, which is projected to show substantial year-over-year growth in profitability.
  • One-Month Performance: Prior to today's session, HudBay shares had soared 17.81%.
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Politics

Political news and analysis

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Mandelson-Epstein emails at a glance
© BBC News
BBC News

Mandelson-Epstein Emails Reveal JP Morgan Business Pitch

Emails show Lord Mandelson used Jeffrey Epstein to seek work from a JP Morgan exec, raising "revolving door" questions after a state asset sale to the bank.

  • By a Senior Financial Correspondent
  • The Ask: Lord Mandelson's email outlined his new venture, Global Counsel, and expressed a desire to discuss potential business opportunities with Mr. Staley, who was then the head of JP Morgan's investment bank.
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Petro travels to Washington for meeting with Trump
© BBC News
BBC News

Petro to Meet Trump in High-Stakes Washington Summit

Colombian President Gustavo Petro holds a strategic meeting with Donald Trump in Washington, a diplomatic move set to impact U.S.-Colombia relations, trade, and

  • A high-stakes meeting between ideological opposites signals a pragmatic, if unusual, diplomatic gambit with significant implications for U.S.-Colombia relations and regional stability.
  • WASHINGTON – In a move rich with political symbolism and strategic calculation, Colombian President Gustavo Petro is set to meet with former U.S. President Donald Trump in Washington. The encounter between Colombia's first-ever leftist president and the standard-bearer of America's populist right is a striking departure from traditional diplomacy, highlighting the shifting political landscape across the Americas.
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US Equity Indexes Rise Amid Strong Factory Data, De-Risking on Geopolitical Front
© Yahoo Finance
Yahoo Finance

US Stocks Rally on Strong Factory Data, Easing Tensions

US stocks rallied as robust factory data eased recession fears and geopolitical de-risking boosted investor sentiment, sending the S&P 500 and Nasdaq higher.

  • NEW YORK – Wall Street kicked off the trading week with a powerful, broad-based rally on Monday, as investors cheered surprisingly robust manufacturing data that eased immediate recession fears. A perceived de-escalation of geopolitical tensions further bolstered risk appetite, sending all three major U.S. equity indexes sharply higher.
  • Major Indexes: The S&P 500 climbed approximately 1.4% to close above the key 4,100 level. The Dow Jones Industrial Average added around 400 points, or 1.2%, while the tech-heavy Nasdaq Composite outperformed with a gain of roughly 1.7%.
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Populist conservative Laura Fernández wins Costa Rica's presidential election
© NPR News
NPR News

Laura Fernández Wins Costa Rica's Presidential Election

Populist conservative Laura Fernández wins Costa Rica's presidency in a decisive first-round vote, signaling a continuation of Rodrigo Chaves's populist policie

  • SAN JOSÉ, Costa Rica – Conservative populist Laura Fernández has decisively won Costa Rica's presidency in a powerful first-round victory, securing a mandate to continue the aggressive, anti-establishment policies of her political mentor, outgoing President Rodrigo Chaves. The result signals a profound endorsement of the populist movement that has reshaped the political landscape of one of Central America's most stable democracies.
  • The Final Tally: With 96.8% of votes counted, Fernández captured 48.3%, well ahead of her nearest competitor, economist Álvaro Ramos of the center-left National Liberation Party, who garnered 33.4%. No other candidate surpassed the 5% mark.
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Who is Peter Mandelson?
© BBC Politics
BBC Politics

Who is Peter Mandelson? The New Labour Architect Explained

Learn about Lord Peter Mandelson, the 'Prince of Darkness' and key architect of New Labour. Discover his influence on British politics, from Tony Blair to today

  • BBC Politics
  • Key Role: As Director of Communications, he professionalised the party's media operations, pioneering the "rapid rebuttal" unit and ensuring disciplined, on-message communication that ultimately helped secure the landslide 1997 election victory.
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Finance

Banking and investment news

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Pagaya Technologies Ltd. (PGY) Rises Higher Than Market: Key Facts
© Yahoo Finance
Yahoo Finance

Pagaya (PGY) Stock Outperforms Market: Earnings Preview

Pagaya Technologies (PGY) stock closed higher, outperforming the S&P 500. Investors now focus on the upcoming earnings report amid high profit growth forecasts.

  • NEW YORK – Pagaya Technologies Ltd. (NASDAQ: PGY) demonstrated notable strength in the latest trading session, closing with a significant gain that outshined the broader market indices. The move comes ahead of a pivotal earnings report, with investors closely watching to see if the AI-powered lending network can meet lofty expectations for explosive profit growth.
  • Recent Underperformance: Over the past month, PGY shares have fallen 12.97%.
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Samsara Inc. (IOT) Stock Slides as Market Rises: Facts to Know Before You Trade
© Yahoo Finance
Yahoo Finance

Samsara (IOT) Stock Dips: What Investors Should Know

Samsara (IOT) stock drops sharply despite a market rally, extending a monthly decline. Learn why analysts remain optimistic ahead of its next earnings report.

  • NEW YORK – Samsara Inc. (IOT) experienced a significant downturn in the latest trading session, closing at $26.41, a steep 5.85% decline from the previous day. The drop created a stark contrast with the broader market's positive performance, which saw the S&P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq all post gains.
  • Daily Market Contrast: While Samsara fell 5.85%, the S&P 500 gained 0.54%, the Dow rose 1.05%, and the Nasdaq Composite added 0.56%. This shows the pressure on IOT was company-specific rather than a broad market or tech sell-off.
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Enviri (NVRI) Beats Stock Market Upswing: What Investors Need to Know
© Yahoo Finance
Yahoo Finance

Enviri (NVRI) Stock Rises, But Earnings Concerns Loom

Enviri (NVRI) stock is outperforming the market, but a grim earnings forecast presents a complex picture for investors. See the latest analysis and outlook.

  • NEW YORK – Enviri (NYSE: NVRI) shares defied broader market trends in the recent trading session, closing with a notable gain that outshined major indices. However, a deeper analysis reveals a stark contrast between the stock's recent momentum and a deeply concerning outlook for its upcoming earnings, presenting a complex picture for current and prospective investors.
  • Projected Quarterly Loss: The consensus estimate for the company's earnings per share (EPS) is a loss of $0.74. This figure represents a staggering 1,750% year-over-year decrease, indicating a dramatic swing from profit to a substantial loss compared to the same quarter last year. A negative EPS means the company is expected to report that it lost money on a per-share basis.
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Ero Copper Corp. (ERO) Outperforms Broader Market: What You Need to Know
© Yahoo Finance
Yahoo Finance

Ero Copper (ERO) Stock Outperforms Market: What to Know

Ero Copper Corp. (ERO) is a standout performer, with its stock price soaring past the S&P 500. Discover why investors are watching ERO ahead of its earnings.

  • NEW YORK – Ero Copper Corp. (ERO) has emerged as a standout performer in the basic materials space, capping the latest trading session with significant gains that eclipsed broader market indices. The company's stock is riding a wave of positive momentum, fueled by robust monthly performance and sky-high expectations for its upcoming earnings report, positioning it as a key stock for investors to watch in the mining sector.
  • Daily Snapshot: In the most recent session, Ero Copper closed at $34.19, a notable +2.03% increase from the previous day. This move demonstrates investor confidence on a day where the Dow Jones Industrial Average gained 1.05%.
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Garmin (GRMN) Outperforms Broader Market: What You Need to Know
© Yahoo Finance
Yahoo Finance

Garmin (GRMN) Stock Outperforms Market: What to Know

Garmin (GRMN) stock gained 2.62%, outperforming the S&P 500. Analyze its recent performance and what to expect from its upcoming Q2 earnings report.

  • NEW YORK – Garmin Ltd. (GRMN) shares demonstrated significant strength in the latest trading session, closing at $206.92, a notable 2.62% increase from the previous day. This impressive gain positioned the technology firm well ahead of the broader market, which saw more modest advances. The S&P 500 rose 0.54%, the Dow Jones Industrial Average added 1.05%, and the tech-centric Nasdaq Composite gained 0.56%. The day's performance places a fresh spotlight on Garmin as investors weigh its short-term momentum against its longer-term fundamentals ahead of its next earnings disclosure.
  • Quarterly Earnings Per Share (EPS): The consensus estimate for EPS is $2.39. This figure would represent a marginal year-over-year decline of 0.83%, suggesting potential pressure on profit margins or increased operational spending during the quarter.
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