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Yahoo
19 minutes ago
- Yahoo
Trump announces 'massive' trade deal with Japan
President Donald Trump says the US has agreed to a "massive" trade deal with Japan, one of the country's largest trading partners. The plan would result in Japan investing $550bn (£407bn) in the US and paying a 15% tariff, Trump said in a post on social media. He added that Japan would open its economy to US goods, including cars, trucks, rice and certain agricultural products. Japan's Prime Minister Shigeru Ishiba welcomed the announcement, saying it was "the lowest figure to date among countries with trade surpluses with the US". "I just signed the largest trade deal in history, I think maybe the largest deal in history with Japan," Trump touted at a White House event on Tuesday evening. "They had their top people here, and we worked on it long and hard. And it's a great deal for everybody. I always say it has to be great for everybody. It's a great deal," he added. Speaking to reporters on Wednesday, Ishiba said the agreement would mean US tariffs on vehicles and parts would be cut to 15% from 25%. "We were the first in the world to reduce tariffs on cars and auto parts without any quantity restrictions," he said. "The agreement does not include any reduction of tariffs on the Japanese side," Ishiba added. The BBC has reached out to the White House and Japan's embassy in Washington for more details of the trade agreement. Bringing its main tariff rate down to 15% is Japan's "best compromise at this stage", Shigeto Nagai from research firm Oxford Economics told BBC News. The planned investment in the US by Japan included in the announcement "will be a huge boost to restore the US, fitting in with Trump's story of reviving US manufacturing with more jobs," he added. In a letter sent to Japan this month, Trump threatened a 25% tariff on the country's exports to the US if there wasn't a new trade deal struck before 1 August. That was one percentage point higher from the 24% rate announced during his so-called Liberation Day on 2 April. The April tariffs plan, which included duties on many US trading partners across the globe, were paused for 90 days following worldwide market turmoil. It allowed Tokyo's trade representatives time to negotiate with their counterparts in Washington. Japan's benchmark share index, the Nikkei 225, was more than 3% higher on Wednesday in Tokyo, with strong gains for shares in motor industry giants - including Toyota, Nissan and Honda. The apparent deal comes as Ishiba is under pressure to step down after his Liberal Democratic Party (LDP) lost its majority in the country's upper house in elections over the weekend. The LDP had already lost its majority in Japan's more powerful lower house last year.
Business Insider
23 minutes ago
- Business Insider
Nintendo Stock (NTDOF) Jumps on New Pokémon Presents Livestream
Nintendo (NTDOF) stock was up on Tuesday after the video game company held a special livestream called Pokémon Presents. This stream showed off new details about upcoming games, series, and more for the Pokémon series. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Here's a quick breakdown of the biggest reveals during the Nintendo Pokémon Presents: New details about Pokémon Legends: Z-A were revealed. That includes wild Pokemon undergoing Mega Evolutions and a Mega Dragonite. There will also be a special Switch 2 bundle that includes the game. Nintendo also revealed that the game will be released on October 16, 2025. Pokémon Champions will also get three new battle modes available in Single Battle and Double Battle formats. The Pokemon Company has teamed up with Wallace & Gromit animation studio Aardman to create Pokémon Tales: The Misadventures of Sirfetch'd & Pichu. Nintendo launched a new puzzle game called Pokémon Friends on Switch, Switch 2, Android, and iOS devices. Also revealed during the livestream were cards in the upcoming Pokémon Trading Card Game Mega Evolution expansion, including Mega Lucario ex, Mega Kangaskhan ex, and Mega Gardevoir ex. Special cards will be given to participants at the 2025 Pokémon World Championships set to take place from August 15 to August 17 in Anaheim, California. Nintendo Stock Movement Today Alongside all of the positive Pokémon news today was a 0.82% jump for NTDOF stock. This extends the shares' 46.98% year-to-date rally and its 60.94% increase over the past 12 months. Investors no doubt hope a new Pokémon title on the Switch 2 will boost unit sales even higher. Is Nintendo Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Nintendo is Moderate Buy, based on eight Buy, two Hold, and a single Sell rating over the past three months. With that comes an average NTDOF stock price target of $95.10, representing a potential 8.8% upside for the shares.
Business Insider
23 minutes ago
- Business Insider
MicroCloud Hologram (HOLO) Puts $200M Into Bitcoin Strategy, Reveals Quantum Protocol Breakthrough
MicroCloud Hologram (HOLO) has confirmed the purchase of up to $200 million in Bitcoin and cryptocurrency-related derivatives. As of July 21, the company reported $35.96 million in cumulative investment income from this initiative. The funds are being drawn from HOLO's $394 million in cash reserves to diversify its financial assets and gain exposure to fast-moving digital markets. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. This investment is not HOLO's first move into the crypto space. Earlier updates revealed a similar allocation strategy, and the company has positioned the effort as part of a broader capital reserve plan. The aim is to build resilience into its portfolio by investing in Bitcoin and other high-potential cryptocurrency assets, along with related securities. MicroCloud Hologram states that the decision supports its understanding of crypto market dynamics, including price fluctuations and derivatives trading. The company views this as a long-term learning opportunity and a possible financial upside. Some investors have responded positively. HOLO Still Pushes for Quantum Breakthroughs At the same time, HOLO has been developing a new quantum computing protocol that enables the collaborative recovery of multi-qubit states. The design utilizes hyper-entangled photons to transport multiple qubits, thereby enhancing processing speed while reducing communication requirements. Reported fidelity remains above 90%, with reduced error rates and fewer measurements needed. While the quantum tech shows promise, HOLO has acknowledged that practical deployment is still years away. In the meantime, the company plans to direct remaining cash toward further research in quantum computing, blockchain integration, and AI-powered augmented reality. As of today, no analyst ratings have been issued for MicroCloud Hologram. In the meantime, technical sentiment leans toward a Strong Sell, with the overall 1-day consensus showing 15 bearish signals, 3 neutral, and 4 bullish.
