EU Wants China to Resolve Rare Earth Issue Before Summit in July
The European Union wants China to resolve the current shortage of rare earth magnets before a meeting of their leaders next month, according to the bloc's top envoy to Beijing.
Europe is asking China to understand the fear and concerns felt by companies on the magnet issue, Ambassador Jorge Toledo told Chinese Foreign Minister Wang Yi in Beijing Wednesday. The shortage is affecting European businesses very badly, he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
32 minutes ago
- Bloomberg
Lotus Plans to Keep Making Cars in UK After Plant Closure Report
Automaker Lotus said it has no plans to end production in the UK following an earlier report that it will shut its plant in the country. 'We are actively exploring strategic options to enhance efficiency and ensure global competitiveness in the evolving market,' the company said in a statement. 'Lotus Cars is continuing normal operations, and there are no plans to close the factory.'
Fox News
42 minutes ago
- Fox News
Trump touts success of Iran strikes and attack's initial damage assessments during 23rd week in office
President Donald Trump continued to brag about the success of the U.S. strikes against Iranian nuclear facilities and visited the Netherlands for the NATO summit this week. The U.S. launched strikes late Saturday targeting key Iranian nuclear facilities, which involved more than 125 U.S. aircraft, Chairman of the Joint Chiefs of Staff Gen. Dan Caine told reporters Sunday. Following the strikes, Trump said in an address to the nation that the mission left the nuclear sites "completely and totally obliterated." But days later, a leaked report from the Defense Intelligence Agency, published by CNN and the New York Times, cast doubt on those claims, saying that the strikes had only set back Iran's nuclear program by several months. Meanwhile, the U.S., Israel and Iran's Foreign Ministry have all said the three nuclear sites that U.S. forces struck have encountered massive damage. Still, Trump has said he won't hesitate to launch additional strikes against Iran – should Tehran seek to beef up its nuclear program again. Here's also what happened this week: Trump attended the NATO summit in the Netherlands on Tuesday and Wednesday, where he met with Ukrainian President Volodymyr Zelenskyy. The Ukrainian leader said in a post on X on Wednesday that the two "covered all the truly important issues" as the U.S. has sought to broker a peace deal to end the conflict between Russia and Ukraine. NATO allies – all but Spain – agreed Wednesday to boost defense spending to 5% of GDP by 2035. Trump has long advocated for NATO allies to ramp up defense spending to between 2% and 5% GDP – and has made it clear that European nations need to shoulder greater responsibility for the security of their continent. Trump pressed lawmakers to get his sweeping tax and domestic policy bill to the finish line on Thursday, labeling the measure the "single-most important piece of border legislation ever to cross the floor of Congress." "This is the ultimate codification of our agenda to – very simply, a phrase that's been used pretty well by me over the past 10 years, but maybe even before that – make America great again," Trump said at a "One, Big, Beautiful Event" at the White House on Thursday. Meanwhile, Republicans are scrambling to reform and pass the measure ahead of Trump's July 4 deadline, following Senate Parliamentarian Elizabeth MacDonough's determination Thursday that several Medicaid reforms in the sweeping tax passage did not follow Senate rules and must be removed.
Yahoo
an hour ago
- Yahoo
3 Brilliant Stocks That Could Soar by 39% to 80%, According to Wall Street
Alibaba's e-commerce and cloud service businesses are starting to make strong recoveries, yet the stock trades at a bargain valuation. Lyft is rolling out new features and just made a potentially game-changing acquisition. RH is back to double-digit percentage growth, and its newer stores are demonstrating outstanding performance. 10 stocks we like better than Alibaba Group › Buying and holding quality stocks is one of the most efficient ways to build wealth. Three Motley Fool contributors believe now is a great time to consider buying shares of Alibaba (NYSE: BABA), Lyft (NASDAQ: LYFT), and RH (NYSE: RH) (formerly Restoration Hardware). What's more, Wall Street analysts also see attractive upsides for these stocks based on their average price targets. Here's why these stocks are poised to soar. (Alibaba): Alibaba is one of the leading e-commerce and cloud service companies in the world. Intensifying competition in China's e-commerce market and regulatory uncertainty have weighed on the stock price over the past few years. But this could also spell significant upside for investors from here as the company continues to see strong demand in its cloud business. The average analyst's 12-month price target of $162 implies a 39% upside from the current share price. The stock trades at a modest forward price-to-earnings multiple of 11.7, indicating that investors are undervaluing its expected growth. Alibaba, like its U.S. counterpart Amazon, is a very tech-centered business. Investments in artificial intelligence (AI), where Alibaba Cloud offers data intelligence services and other AI services for other companies, are driving accelerating growth in its cloud business, with revenue up 18% year over year in the most recent quarter. Alibaba also uses AI in its e-commerce business to understand user behavior, make personalized product suggestions, and manage supply chains. This makes it a formidable competitor, despite its recently weak revenue growth. However, consumer spending is back on the rise in its Taobao and Tmall marketplaces. Overall, Alibaba's revenue growth has accelerated sharply in recent quarters, and it's also reporting improving margins. Analysts expect the company's earnings to grow at an annualized rate of 16% over the next several years. Given the low earnings multiple the stock trades at today, Alibaba could not only reach Wall Street's average 12-month price target but potentially double in value within the next three to five years. Jeremy Bowman (Lyft): Lyft may be a forgotten stock for most investors, and it's easy to see why. Shares of the No. 2 ridesharing company in the U.S. are down nearly 80% from where they stood at its 2019 IPO, as it entered the market overvalued and struggled during the pandemic. However, while it plays second fiddle to Uber, Lyft has innovated with new features, recently made a smart new acquisition, and is building momentum. According to one Wall Street analyst, the stock has an 80% upside currently: Last month, Ivan Feinseth of Tigress Financial gave it a buy rating and boosted his 12-month price target on the stock by $2 to $28. Lyft is in a much stronger position than it was a couple of years ago as the company is both delivering solid growth and has turned profitable. In the first quarter, revenue rose 14% to $1.5 billion while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) nearly doubled from $59.4 million to $106.5 million. It also posted a small profit of $2.6 million on a generally accepted accounting principles (GAAP) basis. Among the new products driving growth are price lock, which allows customers to lock in a price for a regular commute, Women+, which allows women riders and drivers to match with each other, and Lyft Silver, a service designed to fit the needs of seniors. Lyft also paved the way for its expansion into Europe by acquiring Freenow, a mobility company that's active in nine countries. Overall, Lyft looks poised to continue its double-digit percentage growth and ramp up its profitability, and the stock looks cheap at a price-to-sales ratio of around 1.1. Jennifer Saibil (RH): RH stock has been driven down by macroeconomic pressures, but the business is bouncing back, and the stock should follow. The company is a luxury furniture retailer that operates around 100 galleries in selected affluent communities, mostly in the U.S., though it has recently been expanding into Europe. It also has robust digital channels. However, its bigger ambition is to grow itself into a diversified global luxury brand, and it already operates several upscale restaurants and experiences, including rentable jets and yachts. While its target demographics are generally more resilient than the mass market, RH hasn't been immune to inflation and economic slowdowns. But even amid sagging sales in recent years, it has continued to launch new merchandise lines and open new galleries. Its next, in Paris, is set to open shortly on the Champs-Élysées. Meanwhile, performance at its U.K. gallery has been fantastic, with sales up 47% over last year in the 2025 fiscal first quarter (which ended May 3) and online demand up 44%. Two German locations that have been open for at least a year demonstrated a 60% increase in demand in fiscal Q1, and RH is experiencing accelerating demand in its locations in Brussels and Madrid. In sum, the retailer seems to have turned a corner. It has reported year-over-year revenue increases for the past four quarters, including double-digit percentage increases for the past two quarters. The fiscal first quarter was phenomenal, with a 12% sales increase and an adjusted operating margin of 7%. Yet RH stock is 75% off its peak. The average target price on Wall Street is 24% higher than today's price, and one analyst expects it to jump 137% higher over the next 12 to 18 months. Trading at the cheap valuation of 13 times forward 1-year earnings, RH stock could be a profitable pick right now for risk-tolerant investors. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alibaba Group 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 Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jennifer Saibil has no position in any of the stocks mentioned. Jeremy Bowman has positions in Amazon and RH. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Uber Technologies. The Motley Fool recommends Alibaba Group, Lyft, and RH. The Motley Fool has a disclosure policy. 3 Brilliant Stocks That Could Soar by 39% to 80%, According to Wall Street was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
