Latest news with #Argus'
Yahoo
23-06-2025
- Automotive
- Yahoo
Argus Was Wrong About Hitting the Brakes on Tesla Over Musk-Trump Fallout
On June 9, Argus Research downgraded Tesla (NASDAQ: TSLA) from Buy to a cautious Hold, despite keeping a long-term Buy outlook. The firm acknowledged Tesla's sheer weight in the U.S. EV market, which still commands around half the market as of late 2024, and its nearly trillion-dollar valuation. But lately, the stock hasn't been moving in step with its usual. At the heart of the issue was Elon Musk's political fallout with Donald Trump. Things got messy after Musk criticized a congressional spending bill, which led the President to suggest Musk's outrage stemmed from the bill axing EV tax credits. The noise wasn't just political, it affected the brand and stock alike. Tesla's Q1 2025 results came in soft, and added fuel to Argus' downgrade decision. Still, the firm expected Tesla to weather the global EV turbulence. The upcoming Model 2, Tesla's promised budget option, along with AI ventures like Cybercab and the Optimus robot, may give the stock a lift, at-least in the short term. Yet Argus pointed to a persistent drag: Musk himself. His high-profile feuds and increasingly divisive public image are turning off portions of the market. Cybertrucks piling up without buyers is one indication of that. Even so, Argus stuck by its broader faith in Tesla's future. The company remains the rare EV maker with real profits, and it's still pushing into energy storage, self-driving tech, and robotics. TSLA shares returned around 20% since Argus' report. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Business Recorder
30-04-2025
- Business
- Business Recorder
Chicago wheat rises after losses, improved US weather caps gains
SINGAPORE/PARIS: Chicago wheat futures rose for the first time in three sessions on Wednesday, with bargain-hunting supporting prices, although much needed rain in the U.S. crop belt kept a lid on prices. Corn and soybeans slid, with both markets facing pressure from rapidly advancing U.S. planting and the Washington-Beijing trade war. The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 0.2% at $5.26-3/4 a bushel as of 1042 GMT, after dropping around 2.5% on Tuesday. Soybeans fell 0.9% to $10.43-3/4 a bushel, while corn declined 0.1% to $4.69-3/4 a bushel. 'The significant improvement in U.S. winter wheat conditions (…) is weighing heavily on this market. This pressure is further reinforced by the expectation of beneficial rainfall in the southern Great Plains,' Argus' consultancy Agritel said in a note. U.S. farmers had planted 24% of the corn crop as of Sunday, the U.S. Department of Agriculture (USDA) said in a report released on Monday, one percentage point behind analysts' estimate but ahead of the five-year average of 22%. Corn and soy ease on crop progress, wheat steadies after slide The agency said the soybean crop was 18% planted, ahead of the five-year average of 12% and analysts' estimate of 17%. The China-U.S. trade war is continuing to cloud U.S. soybean export prospects. China aims to cut grain use in livestock feed to around 60% and slash soymeal content to about 10%, the agriculture ministry said. However, this may prove difficult as China's soybean imports were at a record high last year, raising questions about the implementation of feed reformulation efforts. Corn and soybean markets were also pressured by favourable crop weather in South America. Recent showers have eased drought conditions that threatened Brazil's safrinha corn crop, while a dry spell in Argentina is set to help corn and soybean harvesting after heavy rains. Commodity funds were net sellers of CBOT corn, soybean, wheat and soyoil futures contracts on Tuesday, but were net buyers of soymeal futures, traders said.
Zawya
30-04-2025
- Business
- Zawya
Chicago wheat rises after losses, improved US weather caps gains
SINGAPORE/PARIS: Chicago wheat futures rose for the first time in three sessions on Wednesday, with bargain-hunting supporting prices, although much needed rain in the U.S. crop belt kept a lid on prices. Corn and soybeans slid, with both markets facing pressure from rapidly advancing U.S. planting and the Washington-Beijing trade war. The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 0.2% at $5.26-3/4 a bushel as of 1042 GMT, after dropping around 2.5% on Tuesday. Soybeans fell 0.9% to $10.43-3/4 a bushel, while corn declined 0.1% to $4.69-3/4 a bushel. " The significant improvement in U.S. winter wheat conditions (...) is weighing heavily on this market. This pressure is further reinforced by the expectation of beneficial rainfall in the southern Great Plains," Argus' consultancy Agritel said in a note. U.S. farmers had planted 24% of the corn crop as of Sunday, the U.S. Department of Agriculture (USDA) said in a report released on Monday, one percentage point behind analysts' estimate but ahead of the five-year average of 22%. The agency said the soybean crop was 18% planted, ahead of the five-year average of 12% and analysts' estimate of 17%. The China-U.S. trade war is continuing to cloud U.S. soybean export prospects. China aims to cut grain use in livestock feed to around 60% and slash soymeal content to about 10%, the agriculture ministry said. However, this may prove difficult as China's soybean imports were at a record high last year, raising questions about the implementation of feed reformulation efforts. Corn and soybean markets were also pressured by favourable crop weather in South America. Recent showers have eased drought conditions that threatened Brazil's safrinha corn crop, while a dry spell in Argentina is set to help corn and soybean harvesting after heavy rains. Commodity funds were net sellers of CBOT corn, soybean, wheat and soyoil futures contracts on Tuesday, but were net buyers of soymeal futures, traders said. (Reporting by Naveen Thukral in Singqpore and Sybille de La Hamaide in Paris; Editing by Sumana Nandy, Sonia Cheema and Chizu Nomiyama ) Reuters
Yahoo
22-02-2025
- Business
- Yahoo
'Sunday roasts are very popular,' traditional pub offers warm welcome and great food
THIS WEEK the traditional pub, the Little Crown Inn in Pontypool, has been chosen as the Argus' pub of the week. The Little Crown Inn is a traditional pub with a fascinating history. It is located on the site of an old mining office on Elled Road, which functioned as the office from around the 1830s to the 1920s. "It's got quite a historical aspect to it," said Saul Salway, the owner. Mr Salway estimated that it has been a public house since around the 1940s. Mr Salway and his family took over the pub in November 2022 and since then have been renovating different parts of the building. The pub has also been running a bed & breakfast for the around 10 years, which is highly rated on TripAdvisor and The Little Crown Inn has a loyal customer base and focuses on being family friendly, serving traditional food. The menu has traditional British food and almost everything is prepared on site by the chefs, Kieron Bowden and Gavin Lee. (Image: Tristan Rees) A 'broken pot' chocolate dessert made at the pub by the chefs They are trying out some new cuisines such as French and Italian. For the next few months, they are bringing nine new additions to the menu each fortnight - three starters, three mains and three desserts. As well as being prepared and cooked on site, most of the food is locally sourced too. The pub serves local craft beer from Tudor Brewery, as well as gins and spirits and a wine. The pub stands out because of its mining theme - a tribute to its history. The corridor leading to the bathrooms is decorated in a mining theme, with the walls, lanterns and artwork depicting a coal mine. (Image: Tristan Rees) Mining theme in the corridor of the Little Crown Inn. The pub is child and dog friendly and has a large outdoor area for kids as well as a games room with a pool table and darts. It can be booked out for events and can cater for people via a buffet or meals. "Sunday roasts are very popular. The Sundays are bookable, we are at capacity every week," said Mr Salway. The pub is so popular at Christmas that a Christmas day meal is booked a year in advance. They already have 180 Christmas bookings. "Last year we made over 1,500 Christmas dinners in December," said Mr Salway. As well as offering the traditional menu items, Mr Salway said they are trying some new things and are flexible to what their loyal customer base wants to have. Mr Salway, also owns the 'Catch 22' fish and chip shop in Abergavenny, had been working in retail for 40 years before Covid, which was when he moved into hospitality. He said having the three aspects to the Little Crown Inn - the pub, the food and the B&B - has helped the businesses thrive. The pub has an open mic on the first Sunday of every month. This summer, they are hosting a music campaign for six weeks, using the outdoor area to give bands and artists an opportunity to play outside.
