House Republicans launch marathon hearings to push ahead with Trump's big bill
WASHINGTON — Tax breaks tallying more than $5 trillion — but also sizable reductions in Medicaid health care , food stamps for older Americans and green energy strategies to fight climate change — are all up for debate Tuesday as the House Republicans launch marathon public hearings on their 'big, beautiful bill.'
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24 minutes ago
- Yahoo
2 Top Stocks That Could Soar in 2025 and Beyond
Carnival continues to see record cruise demand, but investments in exclusive destinations could be another financial windfall. Record sales of Nintendo's Switch 2 console bolster this top video game company's growth prospects. 10 stocks we like better than Carnival Corp. › Wall Street can be very slow to give companies their due reward with a higher stock price, and that's to the advantage of an investor who keeps a long-term mindset. If you understand the opportunities ahead for a business, you're in a position to profit off the stock. Here are two solid companies experiencing growing demand for their services that could spell outstanding returns for patient investors. Demand trends and the long-term outlook for the leading cruise operator look solid. Carnival (NYSE: CCL) continues to report strong financial results in 2025, showing that it is benefiting from higher ticket prices and robust demand. Carnival reported another record quarter, with fiscal Q2 revenue reaching $6.3 billion. This brings its trailing-12-month revenue to $25.4 billion, which surpasses its pre-pandemic level of $20.8 billion in fiscal 2019. The stock price has more than doubled over the past three years, but Carnival could support more shareholder returns through improving margins. The shares currently trade at a forward price-to-earnings multiple of just 12.5, which is very cheap considering the strong growth it is reporting. Carnival's adjusted net income exceeded the company's guidance, reaching $470 million, or $0.35 per share. Strong pricing power and lower costs are expected to push adjusted net income to $2.7 billion for the full year, up from last year's $1.9 billion. Importantly, the upcoming launch of Celebration Key as a cruise destination point could drive profitable growth for the business that isn't reflected in the stock's modest earnings multiple. This exclusive destination in the Bahamas is strategically located close to the company's ports and is intended to lower fuel costs and generate healthy profits. Key attractions like water slides, entertainment, and restaurants should be a guest magnet, driving further upside to ticket prices and margins. Wall Street is significantly underestimating this opportunity. Carnival is not just a cruise company anymore. Investments in exclusive destinations like Celebration Key can distinguish the Carnival brand and drive attractive returns for shareholders. Nintendo's (OTC: NTDOY) (OTC: NTDO.F) stock has had its ups and downs in recent years, but if you had bought shares at the end of 2016, a few months before the Nintendo Switch launched, your investment would currently be up 338% -- outperforming the 172% return of the S&P 500. The video game industry is valued at $180 billion and has been growing for 50 years. Nintendo owns some of the most valuable intellectual property with exclusive franchises like Mario Bros and Zelda. Its Switch video game console has sold 152 million units, making it the most successful console in the company's history. Nintendo Switch 2 just launched and sold more than 3.5 million units in the first four days after the June 5 release, breaking previous records. Investors should note that consoles are low-margin sales. The real money is made on selling games, which carry higher profit margins. Nintendo forecasts 15 million unit sales for Switch 2 in the current fiscal year ending in March. But it expects to sell more games for Switch 2 than the original Switch sold in the first 10 months after launch. Investors should expect to see Nintendo's profits decline in the near term, given the higher percentage of sales coming from hardware sales. However, the strong sales of Switch 2 set up a great run of software sales over the next few years, which should fuel strong earnings growth over the next few years. The average price target among Wall Street analysts is currently $34.90, implying upside of 52% over the current $23 share price. These targets are usually estimates of where analysts believe the stock can trade in the next 12 months or so. With sales expected to double this year, this top gaming stock offers attractive upside potential over the next few years. Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. and Nintendo. The Motley Fool has a disclosure policy. 2 Top Stocks That Could Soar in 2025 and Beyond was originally published by The Motley Fool
Yahoo
25 minutes ago
- Yahoo
Tesla's Robotaxi rollout has started – and users are taking to the internet to share their horror stories
Tesla, battered and bruised by CEO Elon Musk's government gutting antics under President Donald Trump, has had another rough week after social media users shared videos of its robotaxi fleet apparently making mistakes during their pilot run in Austin, Texas. The videos — which have been shared around social media and even collected in a handy Reddit post — were so concerning that they've prompted an investigation by the National Highway Traffic Safety Administration. Of course, the NHTSA may have to carry out its investigation with fewer people, since DOGE under Musk cut four percent of the agency's staff in February. The videos that prompted the investigation show a variety of mistakes made by the robotaxis during the trial run. In some, the mistakes are minor, like failing to notice a reversing UPS truck while pulling into a park spot, or popping a curb during a drive. In one video, a robotaxi develops a digital lead foot and guns it to 26 mph in a 15 mph zone. In another, a robotaxi attempts to park extremely close to another car, prompting the vehicle's safety driver to intervene and take control. But there were some more concerning videos in the mix as well. In one video, a robotaxi intending to make a left hand turn misreads a lane and ends up momentarily driving the wrong way. Thankfully no other vehicles were in the lane at the time. According to The Verge, the individual riding in the robotaxi in that video, money manager Rob Maurer, brushed off the incident, noting that there were "no vehicles anywhere in sight" and saying that it "wasn't a safety issue.' "I didn't feel uncomfortable in the situation," he said in his commentary about the video. In another video, a passenger was dropped off in the middle of a busy intersection. A few videos show the robotaxis "phantom braking," in which they come to a stop suddenly and without cause. Tesla's vehicles have a history of issues with phantom breaking due to its camera-only perception system. The system apparently mistakes shadows, road markings, and other visuals as potential obstructions, which engages the vehicles' emergency braking system. The obvious risk to drivers is that a vehicle stopping suddenly and without warning could very easily cause a traffic accident. All of the videos came from Tesla's test of its Model Y robotaxis in Austin, CBS News reports. The company invited investors and social media influencers out to ride around in the taxis, which is why so many videos of the rides were captured. The videos of the mistakes do not reflect the totality of the rides taken during the test. Sawyer Merritt, who posts overwhelmingly pro-Tesla content on X, said that he did not experience any issues during his 20 rides during the text, calling them "smooth and comfortable." Dan Ives, a Wedbush Securities analyst who is bullish on Tesla's future and optimistic that Tesla's robotaxis will be a success, brushed off the mistakes as growing pains. "Any issues they encounter will be fixed," he told the Associated Press, insisting that the Austin test run was a "huge success." That said, the dozen or so videos that did show issues were captured over a three-day period of extremely limited use. If Musk has his way, there will be millions of Tesla's robotaxis on U.S. roads by the second half of 2026. He insists his self-driving cars are safer than human driven vehicles, and has called their implementation a "top priority." The NHTSA said it has contacted Tesla in response to the videos. "NHTSA is aware of the referenced incidents and is in contact with the manufacturer to gather additional information," the agency said in a statement. "Following an assessment of those reports and other relevant information, NHTSA will take any necessary actions to protect road safety." The current investigation comes on the heels of another NHTSA probe into Tesla's "Full Self-Driving" technology in April. The probe began after four Tesla vehicles using the tech were involved in crashes. Tesla was forced to recall 2.4 million vehicles in response. On Tuesday, representatives of three people who were killed during a crash last September involving Tesla's Model S car sued the vehicle maker, according to Reuters. The Independent has requested comment from Tesla.
Yahoo
28 minutes ago
- Yahoo
Rampant cybercriminal group targets US airlines
A notorious cybercriminal group has shifted its attention to the aviation industry, successfully breaching the computer networks of multiple airlines in the United States and Canada this month, according to the FBI and private experts responding to the hacks. The hacking hasn't affected airline safety, but it has top cyber executives at major airlines across the United States on alert because of the hacking suspects: A network of young cybercriminals called 'Scattered Spider' who are known for their aggressive efforts to extort or embarrass their victims. It's a fresh headache for the travel industry as the busy summer travel season kicks into high gear. This is now the third major US business sector in the last two months, after insurance and retail, to face a flurry of cyberattacks tied to the criminal group. The hackers target big companies and their IT contractors, 'which means anyone in the airline ecosystem, including trusted vendors and contractors, could be at risk,' the FBI said Friday night in a statement that named Scattered Spider as the perpetrator of the airline hacks. 'Once inside (a victim's network), Scattered Spider actors steal sensitive data for extortion and often deploy ransomware,' the FBI said. The FBI, the statement continued, 'is actively working with aviation and industry partners to address this activity and assist victims.' Hawaiian Airlines and Canada's WestJet confirmed this week that they were still assessing the fallout from recent cyberattacks, though the airlines did not name the perpetrators. More victims in the aviation industry could come forward, sources briefed on the investigation said. WestJet's issues began two weeks ago, when the airline said it was responding to a 'cybersecurity incident' that was affecting access 'to some services and software systems,' including its app for customers. Both WestJet and Hawaiian Airlines said their operations were unaffected by the hacks. The lack of impact on operations at the airlines is 'likely a sign of good internal network separations or good business continuity and resiliency planning,' said Aakin Patel, the former chief information security officer of Las Vegas' main airport. It is not just the airlines themselves, but other 'segments of the aviation ecosystem' that are seeing increased cyberattacks, according to Jeffey Troy, the president of the Aviation ISAC, an industry group for sharing cyber threats. 'Our members are keenly alert to attacks from financially motivated attackers and collateral impacts emanating out of geo-political tensions around the world,' Troy said in a statement to CNN. The fine margins for error in the airline industry were on display Friday, when a separate IT outage, apparently unrelated to malicious cyber activity, caused delays for some American Airlines passengers. The Scattered Spider hacks have mobilized people across the industry to respond. In-house cybersecurity experts at major airlines have been closely monitoring the situation, sources familiar with the response told CNN, while cybersecurity firms such as Google-owned Mandiant are helping with the recovery and urging airlines to secure their customer service call centers. One of Scattered Spiders' preferred methods of infiltrating corporations is calling up help desks and pretending to be employees or customers. The technique has been highly effective for hackers to gain access to the networks of big companies. 'Airlines rely heavily on call centers for a lot of their support needs,' Patel told CNN, making them 'a likely target for groups like this.' Scattered Spider gained attention in September 2023 when they were linked to a pair of multimillion-dollar hacks on Las Vegas casinos and hotels MGM Resorts and Caesars Entertainment. The hackers tend to pick one sector to target for weeks on end. Earlier this month, they were the suspect in a hack of insurance giant Aflac that potentially stole Social Security numbers, insurance claims and health information. Before that, it was the retail sector: The hackers, according to an internal memo obtained by CNN, targeted Ahold Delhaize USA, which has the same parent company as the Giant and Food Lion grocery chains. 'The actor's core tactics, techniques, and procedures have remained consistent,' Mandiant chief technology officer Charles Carmakal said Friday in a statement, and that it 'is aware of multiple incidents in the airline and transportation sector' that resemble the operations of Scattered Spider.
