Itochu Considering Investment in 7-Eleven Owner
Itochu Chief Financial Officer Tsuyoshi Hachimura said Thursday that the company is considering investing in Seven & i 3382 -1.10%decrease; red down pointing triangle Holdings. An Itochu spokeswoman confirmed the comments he made at an earnings briefing earlier in the day.
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Yahoo
3 hours ago
- Yahoo
Dogecoin Dragged Lower by Outflows With Technicals Flagging Bearish Continuation
Dogecoin fell 4% in the 24-hour period ending August 3 at 04:00 (UTC+7), slipping from $0.20 to as low as $0.19 amid sharp spikes in trading activity and persistent macroeconomic headwinds. The move came as risk sentiment deteriorated globally, triggering institutional outflows across volatile crypto assets, particularly meme coins. What to Know DOGE traded in a volatile $0.01 range (7.14%) during the session, declining from $0.20 to $0.19 before staging a mild bounce. Volume surged to 918.53M at 06:00 and 502.81M at 14:00, both exceeding the 24H average of 385.67M, signaling high-conviction exits. Support formed around $0.188–$0.190, where volume spiked to 667.44M, enabling a brief recovery to $0.194. Resistance held at $0.202–$0.203, repeatedly rejecting upside attempts. News Background DOGE's decline came amid renewed global trade tensions following the expiration of a reciprocal tariff framework, which has left 92 countries facing elevated trade barriers. The Federal Reserve held rates steady this week, opting to monitor trade data, which has reduced market odds of a September rate cut and weighed heavily on high-beta assets. Price Action Summary High: $0.203 Low: $0.188 Close: $0.195 24H Range: $0.015 (7.14%) Technical Analysis DOGE encountered aggressive resistance at the $0.202–$0.203 zone, rejecting multiple rallies. The $0.188–$0.190 region absorbed peak selling pressure, with high-volume prints suggesting bottom-fishing or accumulation interest. The final 60-minute session (03:55–04:54) saw a measured 0.53% drop from $0.196 to $0.195, with intra-candle resistance at $0.1963 and support near $0.1952. Volumes normalized late in the session, but remain above baseline, indicating potential for continued volatility. What Traders Are Watching Whether DOGE can hold $0.19 support or break down further amid broader altcoin weakness. Macro risk factors such as U.S. rate path, global trade policy shifts, and liquidity rotations away from meme assets. Sign in to access your portfolio
Miami Herald
5 hours ago
- Miami Herald
Ford CEO predicts huge industry shift after latest tariff developments
From the beginning, many economists warned that the full effects of President Donald Trump's unprecedented trade war wouldn't be felt until the second half of the year. As U.S. companies finish reporting their first-half financial results, it's clear that they have also felt the pain immediately, and it could get worse. The auto industry has been especially affected by the tariffs. Related: Ford CEO Jim Farley still supports US tariffs despite hefty cost Unlike other industries, the domestic auto industry has fully welcomed the tariffs, which were initially imposed at 25% tariffs on all imports. The duties gave the Detroit Big 3 - Ford, General Motors, and Stellantis - a leg up on competition from Japan, Korea (and, to a lesser extent, Europe and the UK), which has been taking market share for decades. "For decades now, it has not been a level playing field for us automakers globally, with either tariffs or non-tariff trade barriers," GM CEO Mary Barra recently said. While U.S. hallmark General Motors still has the highest U.S. market share at 17% and Ford ranks third with a 13% market share, foreign models from Asia round out the top five, according to Cox Automotive data. Toyota ranks second with 15% U.S. market share, while Korean brand Hyundai ranks fourth with 11%. Toyota's fellow Japanese brand, Honda, is fifth in the market, with 9%. But the automotive industry is so globally integrated that the tariffs not only hit the materials used. GM, for example, imports more than half of its U.S. inventory, despite being a U.S.-based company. Stellantis' ratio isn't much better. Ford, on the other hand, makes 77% of its vehicles domestically. Still, CEO Jim Farley sees tariffs irreparably changing the automotive industry for the long term. This week, Ford said it expects tariffs to cost the company $2 billion in 2025. Ford, and every original equipment manufacturer (OEM), relies on imported parts to complete its vehicles, so even with a large manufacturing footprint in the States, tariff costs still add up. The tariffs, plus Ford's aggressive incentive spending, helped push the company into becoming the best-selling brand in the U.S. in the first half of 2025. While the $2 billion tariff cost in the short term is worth noting, Farley seemed very cognizant of what the tariffs could mean in the future. Related: Ford debuts plan to increase sales that car buyers will love "That is a really important question to answer. We increasingly see Europe, North America, and Asia becoming kind of regional businesses with trade tariff rates that are aligned for those three or four regions. And I believe that is a very long-term change," Farley said in response to a question about whether the tariffs were ever going away, even after President Trump leaves office. "And the regions will pick them. So I believe this is quite a fundamental change." Farley went on to say that he and his team discussed this issue before the second-quarter earnings call started and concluded that "Everything seems to be changing in the car business." In addition to further balkanization, Farley is advocating for a renegotiation of the USMCA North American trade deal that President Trump introduced during his first term, only to summarily dismantle it during his second term. Farley does not believe the tariffs are large enough to force major changes in manufacturing. But, he said, "These tariffs feel like, especially the ones in Europe and Asia into the U.S., feel kind of long-term for us." More Ford news: Ford CEO Jim Farley has a scary message about China EVsFord's $570 million mistake hits one of its most popular carsLatest tariff deals leave US automakers in a tough position The White House has given the auto industry a seat at the negotiating table from the beginning, and Farley hoped the administration would continue to listen, even while it cuts deals that undermine the stated goal of bringing manufacturing jobs back to the U.S. "We're having very constructive conversations with them, being the most American company you can imagine. But depending on how that works out, you know, this could actually reverse and we could get a sustained advantage being an American company. So stay tuned," Farley said. Related: Popular Ford newcomer overtakes Jeep in a key area The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
a day ago
- Miami Herald
Leaked Prelude Pricing: Too Pricey for Its Own Good?
The Honda Prelude is making a comeback. On paper, it has all the right ingredients for a frugal sports coupe: sleek styling, a hybrid powertrain, and a nameplate that still resonates with enthusiasts. But according to a leak from Japanese outlet Creative Trend, it might arrive with a price tag that could alienate the very buyers who made it iconic. According to the leak, Honda will officially debut the new Prelude on September 4, and orders in Japan will open the next day. The first production run will be limited to just 2,000 units. The leaked Japanese MSRP puts the 2026 Prelude at ¥6,179,800, or roughly $41,000. That's significantly more than the Civic Type R, which starts at ¥4,997,300 in Japan. It also puts it uncomfortably close to the price of more performance-focused cars. A limited-run ON Edition will also be offered at launch for ¥6,540,000 (about $43,400), with unique details like a black roof and bundled extras. However, buyers must pay in full, are limited to one unit, and cannot resell it after purchase. For a Honda coupe, that's unusually exclusive. The Prelude shares its platform with the Civic, but Honda is treating it as more than a badge-engineering job. Under the hood is a 2.0-liter hybrid system with two electric motors, paired with a CVT. Brakes and suspension are adapted from the Civic Type R, and the Prelude gets heated seats, a digital dash, and a BOSE sound system. Adaptive dampers and 19-inch wheels come standard, along with Google-based infotainment. It seems like less of a reskinned Civic coupe, and more like a grown-up Type R that you can cruise in without needing a chiropractor. Its ¥6,179,800 ($41,000) price tag feels especially steep when compared to what else the market offers. The Nissan Z starts at ¥5,497,800 ($36,500) in Japan, while the BMW Z4 - imported from Austria - starts at ¥4,995,000 ($33,200). Both are rear-wheel-drive and pack more power. The Prelude, by contrast, is front-wheel-drive only and CVT-exclusive. If built in Japan, export fees could bump the US price even higher. Initially, we thought it would go head-to-head with cheaper, enthusiast-approved options like the Toyota GR86 and Mazda MX-5 Miata. But if not, it's hard to see how this version of the Prelude will connect with the younger buyers it seems to target. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
