The EU Is Poring Over the Fine Print of Tariff Deal Struck With Trump
The EU over the weekend agreed to accept a 15% tariff on most of its exports, while the bloc's average tariff rate on American goods should drop below 1% once the deal goes into effect. Brussels also said it would purchase $750 billion in American energy products and invest $600 billion more in the US.
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Yahoo
15 minutes ago
- Yahoo
VeriSign (VRSN) Announced Increased Earnings
In July 2025, VeriSign expanded its buyback authorization and announced increased earnings, alongside a declared cash dividend. Despite these positive developments, the company's share price declined by 5.90% over the past month. This decline coincided with a broader market downturn, driven by global tariff uncertainties and disappointing job data. While VeriSign's solid financial results might have typically buoyed investor confidence, the market context placed downward pressure on its stock. The company's follow-on equity offering also added complexity to its share dynamics over this period, contributing to a challenging market performance. Every company has risks, and we've spotted 3 warning signs for VeriSign (of which 1 shouldn't be ignored!) you should know about. Rare earth metals are the new gold rush. Find out which 25 stocks are leading the charge. VeriSign's recent expansion of its buyback authorization and earnings increase, juxtaposed with a share price decline of 5.90% during July, showcases the complexity of market dynamics. This decline coincided with external market pressures like global tariff uncertainties and disappointing job data. Despite these pressures, VeriSign's solid financial results and strategic initiatives may support long-term growth. Notably, in the last year, VeriSign's total return, including dividends, was 41.76%, highlighting its strong performance over a broader timeline despite recent challenges. Comparatively, over the past year, VeriSign outperformed the US market, which returned 16.8%, and also exceeded the US IT industry with its 24.5% return. The company's ongoing initiatives, such as improving domain registration trends and marketing strategies, could positively impact revenue growth, while the introduction of dividends reflects financial stability that could enhance earnings forecasts. VeriSign's current share price of US$265.37 is below the analyst consensus price target of US$309.0, indicating a 16.44% discount, which resonates with the potential for value growth should the company's revenue and earnings forecasts materialize as expected. In light of our recent valuation report, it seems possible that VeriSign is trading beyond its estimated value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include VRSN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Boston Globe
16 minutes ago
- Boston Globe
Iran is holding at least 4 American citizens, rights groups and families say
The detentions are likely to increase the tense political climate between Tehran and Washington after the United States joined Israel's attack on Iran and bombarded and severely damaged three of its nuclear sites in June. Advertisement Nuclear negotiations with Washington have not resumed since the war in June, but Iran's foreign minister, Abbas Araghchi, said this past week in an interview with local news media that he and the U.S. special envoy, Steve Witkoff, have been communicating directly through text messages. President Donald Trump has said that he would not tolerate countries' wrongful detention of Americans and that their release is a top priority for his administration. Witkoff's office did not respond to a question on whether the detention of dual American citizens was brought up in communications with Araghchi. The State Department has said that it is 'closely tracking' reports of Americans being detained in Iran. 'For privacy, safety and operational reasons, we do not get into the details of our internal or diplomatic discussions on reported U.S. detainees,' it said in a statement Monday. 'We call on Iran to immediately release all unjustly detained individuals in Iran.' Advertisement Iran's mission to the United Nations declined to comment on the detentions. Iran's Ministry of Intelligence said in a statement on Monday that it had arrested at least 20 people who were working as spies or operatives for Israel in cities across Iran. The four detained Iranian Americans had all lived in the United States and had traveled to Iran to visit family, according to the rights groups. The families of three of the Americans have asked that their names not be published for fear it could make their situations worse. Two of the four were arrested by security agents in the immediate aftermath of Israel's attacks on Iran in June, according to the Human Rights Activists News Agency (or HRANA) and Hengaw, independent rights groups based outside Iran. One is a 70-year-old Jewish father and grandfather from New York who has a jewelry business. He is being questioned about a trip to Israel, according to the rights groups and the man's colleagues and friends. The other is a woman from California who was held in the notorious Evin prison. But her whereabouts is now unclear after Israel attacked Evin in June and the prison was evacuated, according to rights groups and Kylie Moore-Gilbert, an Australian British scholar who was imprisoned in Iran for two years and released in 2020. Iran is also holding another Iranian American woman, who was first imprisoned and prevented from leaving the country in December 2024. She is currently out of prison, but her Iranian and American passports were confiscated, according to her U.S.-based lawyer who asked not to be named to discuss sensitive information. Advertisement The woman works for a U.S. technology company and runs a charity for underprivileged children in Iran. But after the recent war, the Iranian judiciary elevated her case and charged her with espionage, according to her lawyer -- a serious crime that can carry many years in prison and even the death penalty. At least one other Iranian American citizen, journalist Reza Valizadeh, is imprisoned in Iran. He is a former employee of Radio Farda, the Persian-language news outlet that is part of the State Department-funded Radio Free Europe. Radio Farda has said in a statement that he was arrested in October 2024 while visiting family in Iran. He was sentenced to 10 years in prison on charges of 'collaborating with a hostile government.' Two senior Iranian officials who asked not to be identified because they were not authorized to speak publicly confirmed that Iran had recently detained two dual American citizens -- the New York man and the California woman. They said it was part of a wider crackdown focused on finding a network of operatives linked to Israel and United States. The crackdown comes as Iranian President Masoud Pezeshkian has encouraged Iranians in the diaspora to return to Iran. He said recently that he would speak with the ministries of intelligence and judiciary to facilitate those returns, according to local news reports. 'We have to create a framework so that Iranians living abroad can come to Iran without fear,' Pezeshkian said. But Ali Vaez, the Iran director for the International Crisis Group, said recently: 'The Iranian government has a sordid history of cracking down domestically following intelligence failures, and seizing foreign nationals as a cynical form of leverage. And at a time when Tehran and the Trump administration are already at loggerheads over nuclear diplomacy, the arrests could add another significant area of contention.' Advertisement The State Department issued a new warning after the war, telling Americans not to travel to Iran 'under any circumstances.' In a statement in English and Persian, it says that Americans, including Iranian Americans, 'have been wrongfully detained -- taken hostage -- by the Iranian government for months, and years. The threat of detention is even greater today.' The news of the Americans' detentions has rattled the Iranian American community, including several people previously detained in Iran. Many of them are often the first point of contact for families who find themselves navigating the frightening ordeal of having a loved one arrested in Iran. Siamak Namazi, an Iranian American businessperson who was held for eight years in Iran before being released as part of a U.S.-Iran deal in 2023, said that since the war with Israel, the number of Americans detained in Iran has grown. 'Some cases are public; others remain under wraps, often due to poor advice that silence is safer,' he said. 'Securing their release must be a core U.S. priority in any future diplomatic engagement with Tehran,' added Namazi, who is on the board of Hostage Aid Worldwide. In New York's tight-knit Jewish Iranian circles, news of one member's detention spread quickly and brought anxiety. Iran has arrested at least five Jewish Iranians in its postwar crackdown and has summoned 35 more for questioning, according to Skylar Thompson, deputy director of HRANA. Advertisement This article originally appeared in
Boston Globe
16 minutes ago
- Boston Globe
Nevada is all in on solar power
Some of Vegas' iconic casinos, convention centers and hotels -- and thousands of households across the city, too -- are using the sun to save money and better the planet's odds at tackling climate change. Today in Nevada, about one-third of all energy demand is met by solar panels. The state has the highest solar electricity generation per capita in the country, as well as the most solar-industry jobs per capita. It comes down to cost. Take the Strip. It uses more electricity than 300,000 households, which is more than the rest of Las Vegas combined. Advertisement The state's biggest employer, MGM Resorts International, which has 11 properties on the Strip, is betting on solar. 'It gave us control of what we're going to pay for energy over the next few decades,' said Henry Shields, MGM's vice president for research and analytics. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up MGM installed 26,000 panels on the roof of Mandalay Bay, an enormous casino and convention center at the Strip's southern end. Then, northeast of the city near a place called Dry Lake, on a valley slope tilted toward the rising sun and dotted with sagebrush and red barrel cacti, MGM teamed up with a clean energy company to build an array of 322,000 panels. The panels now provide 90% of MGM's daytime power. Advertisement And the company is investing in a similar facility, coupled with large batteries for storage, that will power things into the evening. 'For a long time, the hospitality industry wanted to make power consumption invisible -- like, just come here and forget about that kind of thing,' said Michael Gulich, MGM's sustainability executive. 'Now we advertise it.' In 2019, Nevada pledged to produce half of its electricity from renewables by 2030. That goal is enshrined in its state constitution. Solar energy companies have flocked to the state. On a surface level, it's easy to see why: 97% of annual daylight hours in and around Las Vegas are unblemished by clouds. Off the Strip, away from guys dancing in gorilla costumes, gals in American-flag bikinis and the tipsy tourists stumbling around in Tommy Bahama shirts, is a much quieter city. And it is one where scarcity, not excess, is front of mind. Water use is strictly policed. Lawns are banned. Southern Nevada has a water patrol that drives around ticketing those who violate conservation rules. 'People here saw the writing on the wall years ago,' said Lauren Boitel, who directs ImpactNV, a sustainability nonprofit founded by the state and former casino executives. 'I've been here 35 years,' she said. 'We've decreased the water we use per capita by half, even as the population has doubled. We're world leaders even if Vegas usually gets dinged for this perception of waste.' That other Vegas, an expanse of strip malls and gated communities spread across an enormous arid plain, is also home to the greatest concentration of residential rooftop solar in the continental United States. State and federal tax credits help. The city makes it easy, too. 'You're pretty much in and out of our office with a permit in 30 minutes,' said Marco Velotta, the city's chief sustainability officer. Advertisement The demand for rooftop solar comes from all kinds of people, local installation companies said. At the corner of Man O War Street and Real Quiet Drive, in a subdivision called Lamplight Estates, one man named Dave, who was decked out in a National Rifle Association hat and shirt, said his decision to install solar came down to cost. 'People just want to be efficient, you know,' he said. He declined to give his full name. Autumn Hood - who called herself a real believer in sustainability - made a similar point. Rooftop panels have saved her money and made her feel more independent. But any climate concerns were secondary. Both said they could pay off their investment through savings on electric bills in less than 10 years. At the level of a single household, rooftop solar offsets only a tiny amount of greenhouse gas emissions. If many people do it, however, all of those individual choices can make an entire grid less fossil-fuel dependent. 'When we all do it, and when industry does it, it's a different story,' Hood said. This article originally appeared in
