EU Pledges State Aid, Trade Tools to Boost Chemicals Industry
The European Commission announced a strategy on Tuesday that would involve identifying critical chemicals at risk from what the bloc's members deem unfair competition and setting up critical production sites to attract investment. Along with national governments, the bloc's regulatory arm has been under pressure from the industry to prevent plant closures, eliminate investment barriers and ease regulatory pressure.
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18 minutes ago
- Yahoo
Stay buckled up — the market ride is going to get wilder still, says this strategist
U.S. stocks went into the Independence Day break at record highs. But the run to fresh peaks has been far from steady. Indeed, Julian Emanuel, strategist at Evercore ISI, likens the market's trajectory so far this year to that of a roller coaster, with equities currently precariously perched at the top of the incline. Goldman Sachs lifts its S&P 500 forecasts. Strategists say these three investment moves are crucial. I'm 85 with 2 kids and $4 million. My daughter wants a larger share of my estate than my son to compensate for unequal treatment by her father. 'I'm single': At 70, I have $500,000 in stocks and $220,000 in savings. How do I invest my $130,000 windfall? I'm saving 100% on Amazon Prime Day — and you can too 'Today is my 61st birthday': I have my ex-spouse's Social Security benefits. Should I retire at 65 and travel? The first half of 2025 contained weeks when decades seemed to happen, says Emanuel in a note dated Sunday. 'First ascending on post-election optimism. Then cresting and plunging on trade war and stagflation/recession fears. Finally, investor capitulation and Trump's tariff pause paving the way for a rapid climb to fresh all time highs,' he says. Like a real-life rollercoaster, 'the initial move from the trough was as violent and volatile as the end of the descent,' Emanuel adds. What happens next may depend on which factors carry greater heft. Supporting stocks is what Emanuel calls a structural AI bull market. But potentially damaging equities again — as we are witnessing at the start of the new week — is a resurgence of tariff angst. The market is also facing pressure from high earning per share multiples, with the S&P 500 currently at 24.5 times, according to Emanuel. Market returns after multiples hit that high tend to be poor in the next few years. As the markets hits a crest there will be more volatility to come, he says, similar perhaps to the rotation in July last year. 'Stay buckled up, the ride promises to get wilder still.' But there's maybe some good news for the medium term. Emanuel notes that the recent technical bear market — a fall of 20% or more — occurred without there being a recession. Since 1960, this has happened six times, after which stocks averaged a further 26% gain over 18 months following new highs. It may be choppy, though. 'A rally does not preclude volatility —drawdowns ranged from -7.5% to -15.1% before a 'final peak,' ' says Emanuel. And judging by Evercore's S&P 500 target of 5,600 for the end of 2025, it does suggest Emanuel is questioning whether the market can replicate the historical response to that type of bear-market rebound. U.S. stock-indices SPX DJIA COMP are lower at the opening bell as benchmark Treasury yields BX:TMUBMUSD10Y nudge higher. The dollar index DXY is higher, while gold GC00 is trading around $3,309 an ounce. Oil prices CL.1 initially fell after the Organization of the Petroleum Exporting Countries and its allies announced Saturday they will increase oil production by a larger-than-expected amount in August. However, as the U.S. session gets underway prices have turned positive. Key asset performance Last 5d 1m YTD 1y S&P 500 6279.35 2.25% 5.73% 6.76% 13.41% Nasdaq Composite 20,601.10 2.15% 6.75% 6.68% 13.27% 10-year Treasury 4.354 6.90 -15.80 -22.20 6.80 Gold 3317.1 0.06% -0.88% 25.68% 40.17% Oil 66.86 2.91% 2.26% -6.97% -18.68% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. Donald Trump said he will be sending letters out on Monday informing countries of the tariffs that will be levied as goods from those countries arrive in the U.S., kicking in at the start of August. Trump threatened extra 10% tariffs on members of the BRICS group of economies for their 'anti-American' policies. Tesla shares TSLA are sharply lower after Elon Musk said he is looking to start an America Party in response to fiscal profligacy among Republicans and Democrats. Shares of CoreWeave CRWV are down after the AI data center firm said it would acquire Core Scientific CORZ in an all-stock deal, valuing the crypto miner at about $9 billion. Shares of Shell UK:SHEL SHEL are falling as oil prices decline and after the energy major warned its integrated gas trading earnings will fall significantly. Royal Gold RGLD is acquiring Sandstorm Gold SAND and Horizon Copper CA:HCU for a total of $3.7 billion. Elon Musk is running out of road in China. Valve conquered PC gaming. What comes next. Homeowners who gambled on lower rates are paying the price. There is already upward pressure on inflation from tariffs, oil prices and immigration restrictions, according to Torsten Slok, chief economist at Apollo. And he provides the chart which shows the impact on inflation of a 10% and a 20% depreciation in the dollar. 'The bottom line is that we should see inflation move higher over the coming months; that is what the consensus expects, what the Fed expects and what we expect,' Slok says. Here were the most active stock-market ticker symbols on MarketWatch as of 6 a.m. Eastern time. Ticker Security name TSLA Tesla NVDA Nvidia GME GameStop PLTR Palantir Technologies AAPL Apple BBAI MULN Mullen Automotive AMD Advanced Micro Devices TSM Taiwan Semiconductor Manufacturing AMZN Invasion of the foraging baboons. Beethoven and the road rumble strips. Want an extra week off work from Morgan Stanley? It helps if a sibling is playing at Wimbledon. Over 60 UFOs reported zipping over New York skies in the first half of 2025. For more market updates plus actionable trade ideas for stocks, options and crypto, . 'She's in a shaky marriage that could soon end': Will my daughter's husband get my IRA when I die? 'I do all the yard work, cooking and cleaning': I live with my daughter and her lazy boyfriend. She wants me to buy her house. Do I say yes? Treasury rout grows as tariffs and supply test demand after tax and spending bill My wife and I are in our late 60s. Do I sell stocks to pay our $30,000 credit-card debt — or do it gradually over 3 years? I put my $500K inheritance into a joint account with my husband. Can I leave half of it to my son from a previous marriage? Sign in to access your portfolio
Yahoo
34 minutes ago
- Yahoo
Why Rocket Lab Stock Skyrocketed 33.5% Last Month and Has Kept Surging in July
A combination of bullish catalysts helped Rocket Lab stock reach a new record high in June. Rocket Lab landed a new deal with the European Space Agency and successfully completed two new rocket launches. Rocket Lab stock has risen even higher in July's trading thanks to analyst coverage and excitement about its tech. 10 stocks we like better than Rocket Lab › Aided by bullish momentum for the broader market, Rocket Lab (NASDAQ: RKLB) stock posted big gains in June's trading. The company's share price rocketed 33.5% higher in the month, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 climbed 5%, and the Nasdaq Composite rose 6.6%. Comments from a Federal Reserve official last month pointed to an increased likelihood that the central banking authority will deliver a cut for the benchmark interest rate this month, and the development paved the way for the stock market to see big gains. In addition to the bullish backdrop for the market at large, Rocket Lab stock saw big gains in conjunction with business-specific news and positive coverage from analysts. On June 10, Cantor Fitzgerald published new coverage on Rocket Lab. Andres Sheppard, the firm's lead analyst on the stock, reiterated an overweight rating and raised his one-year price target from $29 per share to $35 per share. Sheppard pointed to Rocket Lab's successful launch history, different rocket types, and launch sites as strong competitive advantages. He also noted that Rocket Lab could benefit from the worsening relationship between President Trump and SpaceX CEO Elon Musk. Late in the month, Rocket Lab announced that it had landed a contract with the European Space Agency (ESA) to launch two satellites. The news prompted a substantial rally for the stock, and shares moved even higher after the company announced the launches of its 67th and 68th Electron rockets. The two launches occurred at the same launch site within 48 hours, marking the company's fastest-ever turnaround time for a launch. The news pushed Rocket Lab stock to a new record high, and it's kept climbing from there. Rocket Lab stock has continued on its upward trajectory this month. As of this writing, the company's share price is up 8.2% across July's trading. In addition to continued excitement surrounding its opportunities in the space industry, the stock has gotten a lift from bullish analyst coverage. In a note published July 2, KeyBanc maintained an overweight rating on Rocket Lab and raised its price target on the stock from $29 per share to $40 per share. As of this writing, KeyBanc's latest price target implies additional upside of roughly 3%. Rocket Lab now has a valuation of roughly $17.9 billion and is trading at approximately 31 times this year's expected sales. While the recent rally for the stock may raise questions about whether the company's valuation has become unreasonably stretched, the business looks poised to grow at a rapid clip in the near term and seemingly has huge expansion opportunities over the long haul. Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Lab 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 $695,481!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $969,935!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 179% 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 July 7, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy. Why Rocket Lab Stock Skyrocketed 33.5% Last Month and Has Kept Surging in July was originally published by The Motley Fool 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
Yahoo
44 minutes ago
- Yahoo
Lucid Shatters World Record With 749-Mile Drive On A Single Charge
The widespread adoption of electric vehicles has long been hindered by a two-headed dragon: the lack of public charging infrastructure and the typical driver's range anxiety. These obstacles push automakers to find ways to improve range and show off their progress. A Lucid Air Grand Touring took the Guinness World Record for the longest trip in an EV on a single charge last weekend. The luxury sedan completed an impressive 749-mile journey between St. Moritz, Switzerland and Munich, Germany, shattering the previous record by nearly 100 miles. Behind the wheel of the Lucid was Umit Sabanci, a London-based entrepreneur who has the eccentric hobby of breaking Guinness World Records. In 2017, Sabanci set the record for visiting the most countries in 24 hours by scheduled transportation. He and a friend darted to 13 countries across Europe. In 2022, he completed the fastest circumnavigation of the Earth by scheduled flights. Sabanci flew a three-flight itinerary from and to Los Angeles International Airport in 46 hours and 23 minutes via Doha, Qatar and Brisbane, Australia. Sabanci previously worked with Lucid. He broke the record driving to the most countries on a single charge in June 2024. The vanity record breaker drove 567 miles southward through the Netherlands, Belgium, Luxembourg, Germany, France, Switzerland, Austria, Liechtenstein and Italy. In a statement regarding the single-charge distance record, he said: "When I completed the nine-country journey in 2024, it was just the beginning. This new achievement takes that journey even further. I'm proud to be part of a movement that proves electric mobility isn't just the future; it's already redefining what's possible today." Read more: These Are The Cars Our Readers Wish Would Depreciate Faster If his background didn't show it, he isn't an elite-level EV hypermiling tuner. The run was done in collaboration with Lucid. The California-based manufacturer likely provided the modifications and expertise necessary to extend the drive far beyond the Lucid Air Grand Touring's EPA-estimated range of 516 miles. Lucid has stripped the record from a privately run Mercedes-Benz EQS 450+. The previous record of 645 miles was set just last month and broke the symbolic 1,000-kilometer barrier. One can only hope that competition for bragging rights between manufacturers will drive the record even further out and lead to technology that will become standard across all EVs. It's hard to believe that we're only three years removed from Mercedes-Benz Vision EQXX's unveiling. The German automaker built a hyper-efficient electric concept car to prove that an electric vehicle could have 1,000 kilometers of range. However, the one-off car was designed as a bland, blobby teardrop to minimize drag, taking function over form to the extreme. Now, we're seeing typically styled electric cars blasting past the 1,000-km mark. It's impressive to see how far EVs have progressed in recent years, and hopefully, this level of development won't stop. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
