EU Wants Quick Framework Deal With US
The European Union is aiming to clinch a preliminary trade deal with the US this week, a move that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline as the two sides negotiate a permanent agreement. There's a range of products that the EU would like to see exempted from the rate, such as aircraft, aircraft parts as well as wine and spirits, we're told. Some form of relief is expected as part of the agreement in principle. The universal US tariffs that were due to kick in on July 9 would be delayed until at least the beginning of August, the White House announced on Monday. For the EU, tariffs on nearly all its exports to the US will jump to 50% on that date if it doesn't strike a deal beforehand.
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Yahoo
28 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq wobble as Trump's deadline delay gives hope of trade deals
US stocks wobbled on Tuesday as Wall Street weighed President Trump's threat of stiff tariffs on key trading partners against his reprieve on the return of sweeping "Liberation Day" duties. The S&P 500 (^GSPC) fell 0.2%, while the Dow Jones Industrial Average (^DJI) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) retreated 0.1%, on the heels of a losing start to the week for the major gauges. Stocks were little changed as markets look for the positive in Trump's latest trade policy shifts. He has moved his July 9 deadline for the resumption of "reciprocal" tariff rates to Aug. 1, giving countries three extra weeks to negotiate trade deals with the US. The president said late Monday that the Aug. 1 deadline was "firm, but not 100% firm" and that he's open to extensions if countries make proposals. That provided fuel for the "TACO" trade — the idea that "Trump always chickens out," or that he will eventually dial back on his trade threats. Read more: The latest on Trump's tariffs Stock benchmarks in Japan and South Korea closed higher on Tuesday, despite Trump's threat to start imposing 25% duties on imports from those countries in August. Another 12 US trading partners received letters laying out tariffs of up to 40% on Monday, with Malaysia, South Africa, and Indonesia among them. The letters said the rates could be adjusted if countries tailor their trade policies as the US wants. In response, South Korea said it would kick trade negotiations with the US into high gear, adding that it considered the new date an extension of a grace period. "The president may send more letters in the coming days and weeks," the White House said in a statement. Meanwhile, Amazon (AMZN) is set to kick off its Prime Day deals later, with investors on watch for signs that tariff costs are pushing up price tags. The e-commerce giant has extended the event to four days this year. Elsewhere, Wall Street expects a quiet week in terms of economic releases and earnings. Minutes from the Federal Reserve's June meeting are due on Wednesday, while Delta's (DAL) results on Thursday signal the return of earnings season. Circle (CRCL) shares dipped as much as 4% before paring losses on Tuesday after a Wall Street analyst flagged growing risks from rising competition and looming interest-rate cuts that could take a bite out of the stablecoin issuer's revenue. The stock has surged more than 500% since Circle's public debut last month at $31 per share, buoyed by optimism around the broader adoption of asset-backed digital tokens. But Mizuho analysts pushed back on the bullish outlook, initiating coverage with an Underperform rating and a $85 price target, compared with its recent levels above $200 a share. Circle makes much of its money from interest income — specifically from the short-term treasury bills that underpin its stablecoin, USDC. "We believe consensus does not fully account for looming interest rate cuts, and also overstates USDC's medium-term growth potential," wrote Mizuho managing director Dan Dolev and his team. Dolev also pointed to rising distribution costs as Circle shares a portion of its reserve income partners like Coinbase (COIN). The analysts also pointed out last months' passage of the GENIUS Act, legislation aimed at creating regulatory guardrails for the industry, could be the catalyst that brings competing stablecoins to the market. Stocks were little changed Tuesday as investors awaited further trade developments after President Trump sent tariff letters to 14 countries and extended his deadline for "reciprocal" tariff rates from July 9 to August 1, giving trading partners three more weeks to negotiate. The S&P 500 (^GSPC) rose 0.1%. The Dow Jones Industrial Average (^DJI) fell slightly. The tech-heavy Nasdaq Composite (^IXIC) edged up 0.3%, on the heels of a losing start to the week for the major gauges. Tesla stock (TSLA) rose 1% after sinking more than 6% in the prior session as CEO Elon Musk announced his intention to start a new third political party in the US. Tesla stock (TSLA) rose 1% in premarket trading on Tuesday. However, it remains below the key 50-day, 100-day, and 200-day moving averages, according to Yahoo Finance analysis. Yahoo Finance's Brian Sozzi writes: Read more here. Reuters reports: Read more here. Solar stocks fell in premarket trading on Tuesday after President Trump issued an executive order directing federal agencies to strictly enforce provisions in the "big, beautiful bill" that would end clean energy subsidies. Under the law and Trump's executive order, only projects that have "a substantial portion of a subject facility" built in the next 12 months can claim tax credits, and the projects must be in service by 2027. Trump also directed the heads of Treasury and Interior to write new guidance in the next 45 days. Sunrun (RUN) fell 7.2%, Enphase (ENPH) dropped 3.4%, and First Solar (FSLR) was down 2.7%. NextEra Energy (NEE) and AES (AES) slid 2.3%. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Meta (META) has hired Ruoming Pang, the head of Apple's (AAPL) artificial intelligence models team, in another setback for the iPhone maker's AI push. Pang is the latest big hire in Meta CEO Mark Zuckerberg's fierce AI headhunting spree, and he was offered a package worth tens of millions of dollars to lure him away from Apple, sources told Bloomberg. Bloomberg reports: Read more here. Earnings: No notable earnings releases. Economic data: NFIB small business optimism (June); NY Fed 1-year inflation expectations (June) Here are some of the biggest stories you may have missed overnight and early this morning: Trump's new tariffs are nearly identical to 'Liberation Day' rates Here's who will benefit most from the Trump tax bill's new SALT cap China warns Trump on tariffs, threatens supply chain payback Apple loses top AI models exec to Meta Japan, South Korea stocks gain as Trump extends tariff deadline Chipmakers may face serious disruption in copper supply: PwC EU rushes to conclude framework trade deal with US Goldman lifts S&P 500 forecasts, sees 6,600 by year's end Here are some top stocks trending on Yahoo Finance in premarket trading: First Solar (FSLR) shares fell 2% on Tuesday before the bell following the announcement on Monday that President Trump's "big, beautiful bill" will end clean energy subsidies for companies like First Solar. Battery provider, SolarEdge Technologies (SEDG), fell 4% and Enphase Energy (ENPH) also dropped 4%. Tesla (TSLA) stock rebounded on Tuesday and was up 1% in premarket trading after closing 6% down on Monday. CEO Elon Musk announced he plans to continue in politics by making the "America Party," despite calls from investors to refocus on running his company. Alaska Airlines (AAL) stock rose 3% after the airline received a positive earnings preview. UBS Securities said in an earnings preview Monday that it expects Alaska Airlines' second quarter earnings per share to be in line with company guidance due to demand stabilizing. Japan and South Korea's stock benchmarks edged higher on Tuesday, despite President Trump's threat of 25% tariff rates in letters sent to the top US trading partners. Analysts suggest markets are cautiously hopeful that the countries can hammer out a trade deal with the US, as Trump has given more breathing space by pushing back the start of tariffs to Aug. 1. Reuters reports: Read more here. Oil dipped early Tuesday morning as investors eyed the impacts of Trump's fast-approaching tariffs, despite the deadline for implementation being pushed until August. In combination with tariff speculation, OPEC+ announced a decision to increase supply in August, further lowering the price of the commodity. Bloomberg reports: Read more here. Circle (CRCL) shares dipped as much as 4% before paring losses on Tuesday after a Wall Street analyst flagged growing risks from rising competition and looming interest-rate cuts that could take a bite out of the stablecoin issuer's revenue. The stock has surged more than 500% since Circle's public debut last month at $31 per share, buoyed by optimism around the broader adoption of asset-backed digital tokens. But Mizuho analysts pushed back on the bullish outlook, initiating coverage with an Underperform rating and a $85 price target, compared with its recent levels above $200 a share. Circle makes much of its money from interest income — specifically from the short-term treasury bills that underpin its stablecoin, USDC. "We believe consensus does not fully account for looming interest rate cuts, and also overstates USDC's medium-term growth potential," wrote Mizuho managing director Dan Dolev and his team. Dolev also pointed to rising distribution costs as Circle shares a portion of its reserve income partners like Coinbase (COIN). The analysts also pointed out last months' passage of the GENIUS Act, legislation aimed at creating regulatory guardrails for the industry, could be the catalyst that brings competing stablecoins to the market. Stocks were little changed Tuesday as investors awaited further trade developments after President Trump sent tariff letters to 14 countries and extended his deadline for "reciprocal" tariff rates from July 9 to August 1, giving trading partners three more weeks to negotiate. The S&P 500 (^GSPC) rose 0.1%. The Dow Jones Industrial Average (^DJI) fell slightly. The tech-heavy Nasdaq Composite (^IXIC) edged up 0.3%, on the heels of a losing start to the week for the major gauges. Tesla stock (TSLA) rose 1% after sinking more than 6% in the prior session as CEO Elon Musk announced his intention to start a new third political party in the US. Tesla stock (TSLA) rose 1% in premarket trading on Tuesday. However, it remains below the key 50-day, 100-day, and 200-day moving averages, according to Yahoo Finance analysis. Yahoo Finance's Brian Sozzi writes: Read more here. Reuters reports: Read more here. Solar stocks fell in premarket trading on Tuesday after President Trump issued an executive order directing federal agencies to strictly enforce provisions in the "big, beautiful bill" that would end clean energy subsidies. Under the law and Trump's executive order, only projects that have "a substantial portion of a subject facility" built in the next 12 months can claim tax credits, and the projects must be in service by 2027. Trump also directed the heads of Treasury and Interior to write new guidance in the next 45 days. Sunrun (RUN) fell 7.2%, Enphase (ENPH) dropped 3.4%, and First Solar (FSLR) was down 2.7%. NextEra Energy (NEE) and AES (AES) slid 2.3%. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Meta (META) has hired Ruoming Pang, the head of Apple's (AAPL) artificial intelligence models team, in another setback for the iPhone maker's AI push. Pang is the latest big hire in Meta CEO Mark Zuckerberg's fierce AI headhunting spree, and he was offered a package worth tens of millions of dollars to lure him away from Apple, sources told Bloomberg. Bloomberg reports: Read more here. Earnings: No notable earnings releases. Economic data: NFIB small business optimism (June); NY Fed 1-year inflation expectations (June) Here are some of the biggest stories you may have missed overnight and early this morning: Trump's new tariffs are nearly identical to 'Liberation Day' rates Here's who will benefit most from the Trump tax bill's new SALT cap China warns Trump on tariffs, threatens supply chain payback Apple loses top AI models exec to Meta Japan, South Korea stocks gain as Trump extends tariff deadline Chipmakers may face serious disruption in copper supply: PwC EU rushes to conclude framework trade deal with US Goldman lifts S&P 500 forecasts, sees 6,600 by year's end Here are some top stocks trending on Yahoo Finance in premarket trading: First Solar (FSLR) shares fell 2% on Tuesday before the bell following the announcement on Monday that President Trump's "big, beautiful bill" will end clean energy subsidies for companies like First Solar. Battery provider, SolarEdge Technologies (SEDG), fell 4% and Enphase Energy (ENPH) also dropped 4%. Tesla (TSLA) stock rebounded on Tuesday and was up 1% in premarket trading after closing 6% down on Monday. CEO Elon Musk announced he plans to continue in politics by making the "America Party," despite calls from investors to refocus on running his company. Alaska Airlines (AAL) stock rose 3% after the airline received a positive earnings preview. UBS Securities said in an earnings preview Monday that it expects Alaska Airlines' second quarter earnings per share to be in line with company guidance due to demand stabilizing. Japan and South Korea's stock benchmarks edged higher on Tuesday, despite President Trump's threat of 25% tariff rates in letters sent to the top US trading partners. Analysts suggest markets are cautiously hopeful that the countries can hammer out a trade deal with the US, as Trump has given more breathing space by pushing back the start of tariffs to Aug. 1. Reuters reports: Read more here. Oil dipped early Tuesday morning as investors eyed the impacts of Trump's fast-approaching tariffs, despite the deadline for implementation being pushed until August. In combination with tariff speculation, OPEC+ announced a decision to increase supply in August, further lowering the price of the commodity. Bloomberg reports: Read more here. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
29 minutes ago
- Yahoo
UK royals welcome Macron for state visit with migration and Ukraine high on the agenda
LONDON (AP) — French President Emmanuel Macron arrived in Britain on Tuesday for a state visit mixing royal pageantry with thorny political talks about stopping migrants from crossing the English Channel in small boats. Macron and U.K. Prime Minister Keir Starmer will also try to advance plans for a post-ceasefire security force for Ukraine, despite apparent U.S. indifference to the idea and Russia's refusal to halt the onslaught on its neighbor. Macron's three-day stay, at the invitation of King Charles III, is the first state visit to the U.K. by a European Union head of state since Brexit, and a symbol of the U.K. government's desire to reset relations with the bloc after Britain acrimoniously left the EU in 2020. Macron said that the visit was an 'important moment for our two nations.' 'The United Kingdom is a strategic partner, an ally, a friend,' Macron wrote on X, in a marked change of tone from the years of wrangling over Brexit. "Our bond is longstanding, forged by history and strengthened by trust.' The president and his wife, Brigitte Macron, were greeted on a red carpet laid over the tarmac at London's RAF Northolt air base by Prince William and his wife Catherine, who was wearing a dress by French design house Christian Dior. They were met in Windsor, west of London, by King Charles and Queen Camilla. A military band played the French and U.K. national anthems as all four set out for the royal residence of Windsor Castle in horse-drawn carriages, through streets bedecked in Union Jacks and French tricolor flags. Later, the king and queen will host a state banquet for their guests. The U.K. royals made a state visit to France in September 2023. The monarch is expected to steer clear of politics, but Charles will make a broad appeal to international cooperation at the banquet, saying that Britain and France 'face a multitude of complex threats' that 'know no borders' – and that 'no fortress can protect us against them.' Macron also will address both houses of U.K. Parliament in the building's fabulously ornate Royal Gallery before sitting down for talks with Starmer on migration, defense and investment — including a 12.5% stake by French energy firm EDF in a new nuclear power plant planned for eastern England. The political and ceremonial love-in is a far cry from the testy relations of 2022, when then Foreign Secretary Liz Truss said that the 'jury is out' on whether Macron was a friend or a foe. 'New tactics to stop boats' At a U.K.-France summit on Thursday, senior government officials from the two countries will discuss small-boat crossings, a thorny issue for successive governments on both sides of the English Channel. Britain receives fewer asylum-seekers than Mediterranean European countries, but thousands of migrants each year use northern France as a launching point to reach the U.K., either by stowing away in trucks or — after a clampdown on that route — in small boats across one of the world's busiest shipping lanes. The U.K. has struck a series of deals with France over the years to increase patrols of beaches and share intelligence in an attempt to disrupt the smuggling gangs. It has all had only a limited impact. About 37,000 people were detected crossing the English Channel in small boats in 2024, and more than 20,000 people made the crossing in the first six months of 2025, up by about 50% from the same period last year. Dozens of people have died attempting the crossing. Starmer, whose center-left government was elected a year ago, has pledged to ' smash the gangs ' behind organized people-smuggling. His plan rests on closer cooperation with France and with countries further up the migrants' route from Africa and the Middle East. The U.K. also aims to strike deals with individual nations to take back failed asylum-seekers. British officials have been pushing for French police to intervene more forcefully to stop the boats, and welcomed the sight of officers slashing rubber dinghies with knives in recent days. The U.K. also is pushing France to let officers intervene against boats in deeper waters, a change that the government in Paris is considering. Campaigners for migrants' rights and a police union warn that doing so could endanger both migrants and officers. Starmer's spokesperson, Tom Wells, said that some of the tactics being discussed are 'operationally and legally complex, but we're working closely with the French.' Keeping Ukraine in focus Starmer and Macron have worked closely together to rally support for Ukraine, though they have taken contrasting approaches to U.S. President Donald Trump, with Macron more willing to challenge the American president than the emollient Starmer. Britain and France have led efforts to form an international peacekeeping force for Ukraine to reinforce a future ceasefire with European troops and equipment and U.S. security guarantees. Trump has shown little enthusiasm for the idea, however, and a ceasefire remains elusive. British officials say the 'coalition of the willing' idea is alive and well, with Macron and Starmer due to join an international videoconference on Thursday to discuss planning for the force. Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Monday about the 'significant progress being made by military planners,' the British leader's office said. Jill Lawless, The Associated Press
Yahoo
32 minutes ago
- Yahoo
AI and Machine Learning Revolutionizing Autonomous Operations, Trade Tariffs Push for Self-Reliance in Manufacturing
The Global Small Drones Market, valued at USD 5.86 billion in 2024, is projected to grow at a CAGR of 12.5%, reaching USD 18.78 billion by 2034. Key growth drivers include advancements in battery energy density, sensor miniaturization, and onboard data processing, enhancing efficiency and intelligence. Integrating AI and machine learning further accelerates deployment. Initially challenged by global trade tariffs, the market is shifting towards domestic production, reducing import dependency. The thriving mini and fixed-wing drone segments cater to defense and commercial needs. Notable players like DJI, Lockheed Martin, and Northrop Grumman focus on innovation, expanding in defense and commercial applications. Full market insights highlight industry trends, challenges, and strategic opportunities. Small Drones Market Dublin, July 08, 2025 (GLOBE NEWSWIRE) -- The "Small Drones Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" has been added to Global Small Drones Market was valued at USD 5.86 billion in 2024 and is estimated to grow at a CAGR of 12.5% to reach USD 18.78 billion by 2034, driven by advancements in key areas such as battery energy density, sensor miniaturization, and onboard data processing. These developments make small drones more efficient, lightweight, and intelligent, enabling broader usage across sectors. Integrating artificial intelligence and machine learning has further accelerated deployment, allowing for autonomous decision-making, obstacle avoidance, and adaptive mission planning without human intervention. While rapid innovation is fueling expansion, the initial impact of global trade tariffs has posed temporary challenges. Tariffs on materials like steel, aluminum, and certain electronic components contributed to higher manufacturing costs, disrupting global supply chains. This slowdown was especially evident in cost-sensitive defense programs. However, these pressures have motivated several countries to strengthen domestic manufacturing capabilities and invest in self-reliance strategies for critical drone components. Over time, this shift is expected to reduce dependency on imports and promote innovation. Although the tariffs initially led to price hikes and deployment delays, they've also opened long-term benefits through reshoring and local production boosts in the small drone ecosystem. Key players in the Global Small Drones Market include DJI Technology, Lockheed Martin, Northrop Grumman, Teledyne Technologies, and AeroVironment. Companies operating in the small drones segment prioritize product innovation, autonomous system development, and software integration. Firms are rapidly expanding their portfolios with drones that offer enhanced endurance, modular payload support, and real-time data processing capabilities. Strategic partnerships with defense agencies and tech innovators drive breakthroughs in swarm coordination and AI-powered flight systems. Manufacturers are also entering new markets by developing cost-effective models for civil use, while simultaneously meeting regulatory mini drones segment held a market value of USD 3.28 billion in 2024, owing to its widespread adoption across defense and civilian sectors. These drones have become vital for tactical operations such as surveillance, intelligence gathering, and reconnaissance missions. Their flexibility in supporting diverse payloads while maintaining efficient performance gives them a strong competitive edge in military use. On the commercial side, mini drones are commonly deployed for applications like aerial inspections, mapping, photography, and infrastructure surveys, further solidifying their dominance in the drones are expected to register a CAGR of 12.6% through 2034. Despite carrying limited payloads, this segment continues to rise due to its endurance and suitability for long-distance operations. These drones are ideal for high and low-altitude missions, with strong performance in ISR roles. Technological enhancements, including improved sensor capabilities and remote operation features, contribute to their increasing adoption. The growing requirement for beyond visual line of sight (BVLOS) operations, particularly in defense, propel the fixed-wing drone segment States Small Drones Market generated USD 954.9 million in 2024. The country maintains a leading role globally, backed by steady funding from the Department of Defense and investments by key private sector players. Significant advancements in unmanned systems, including swarm technology and autonomous ISR missions, are being pushed forward through collaborations between defense agencies and startups. With a focus on unmanned surface and subsurface platforms, the U.S. continues to expand its footprint in drone-enabled operations, relying heavily on domestic innovation and AI Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis Key Attributes: Report Attribute Details No. of Pages 190 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $5.86 Billion Forecasted Market Value (USD) by 2034 $18.78 Billion Compound Annual Growth Rate 12.5% Regions Covered Global Key Topics Covered: Industry Ecosystem Analysis Trump Administration Tariffs Analysis Impact on trade Trade volume disruptions Retaliatory measures Impact on the industry Supply-side impact (components) Price volatility Supply chain restructuring Production cost implications Demand-side impact Price transmission to end markets Market share dynamics End user response patterns Key companies impacted Strategic industry responses Supply chain reconfiguration Pricing and product strategies Policy engagement Outlook and future considerations Industry Impact Forces Growth drivers Advancements in battery technology Miniaturization of sensors and payloads Regulatory evolution for BVLOS operations Integration with AI-driven analytics Industry pitfalls and challenges Airspace congestion and spectrum limitations Data security and privacy concerns Growth Potential Analysis Regulatory Landscape Technology Landscape Future Market Trends Gap Analysis Porter's Analysis PESTEL Analysis Company Profiles Aerovironment Inc. Autel Robotics Delair Elbit Systems Ltd Israel Aerospace Industries Lockheed Martin Corporation Microdrones GmbH Northrop Grumman Raytheon Technologies Corporation SZ DJI Technology Co. Ltd. Teledyne FLIR LLC Textron Inc. Thales Group For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Small Drones Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error 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
