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Bain Capital on Virgin Australia Post-IPO Outlook

Bain Capital on Virgin Australia Post-IPO Outlook

Bloomberg6 hours ago

Barnaby Lyons, Global Head of Special Situations at Bain Capital, discusses his outlook for Virgin Australia's business, after the airline re-listed on the ASX in a $440 million IPO. He also speaks about the broader outlook for APAC private market activities. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)

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Morgan Stanley Expects 5.5 Million More iPad and iPhone Units Combined, Maintains Overweight Rating on Apple (AAPL)
Morgan Stanley Expects 5.5 Million More iPad and iPhone Units Combined, Maintains Overweight Rating on Apple (AAPL)

Yahoo

time15 minutes ago

  • Yahoo

Morgan Stanley Expects 5.5 Million More iPad and iPhone Units Combined, Maintains Overweight Rating on Apple (AAPL)

Apple Inc. (NASDAQ:AAPL) is one of the 10 AI stocks that Jim Cramer and analysts are watching. On June 13, Morgan Stanley maintained an Overweight rating on AAPL shares and kept its $235 price target. The firm reported that 'deep' 618 Festival channel promotions in China are driving higher-than-expected iPhone and iPad sell-through for the June quarter. The firm now anticipates approximately 3.0 million more iPhone units and 2.5 million more iPad units than previously forecast, which could translate to a $4 billion revenue increase, assuming no other changes. The analyst noted that September quarter builds are tracking in line or slightly better. A wide view of an Apple store, showing the range of products the company offers. It is worth noting that on June 9, Mad Money's host said: 'Hey, finally there's a stock that people now love to downgrade… I'm talking about Apple. I expect to hear some downgrades tomorrow because of today's supposedly ho-hum Worldwide Developers Conference… But what the critics seemed to be missing constantly is that the only question I heard was upgrade or not. Did you hear switch? I didn't hear switch. As long as I didn't hear switch, I'm going to hold the stock… Apple (NASDAQ:AAPL) designs and sells consumer electronics that include smartphones, computers, tablets, wearables, and accessories. The company is engaged in providing subscription services such as Apple Music, Apple TV+, and Apple Arcade. It also operates platforms, including the App Store and Apple Pay. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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. Sign in to access your portfolio

Trump Teases ‘Big' India Trade Deal as Negotiators Harden Stance
Trump Teases ‘Big' India Trade Deal as Negotiators Harden Stance

Yahoo

time26 minutes ago

  • Yahoo

Trump Teases ‘Big' India Trade Deal as Negotiators Harden Stance

(Bloomberg) -- US President Donald Trump said a 'very big' trade deal could be signed soon that would open up the Indian market to American business, as negotiators meet in Washington to break a recent deadlock over key issues. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown US State Budget Wounds Intensify From Trump, DOGE Policy Shifts 'We are having some great deals. We have one coming up, maybe, with India, a very big one, where we are going to open up India,' Trump said at an event on Thursday at the White House. Trump's comments offer a note of optimism for a potential interim trade deal, even as key differences persist between the two sides. His reciprocal tariffs on goods from US's trading partners are set to take effect on July 9, and an early deal would help New Delhi avert the hike. Talks have been strained by Washington's demand that India open its market to genetically modified crops — an ask New Delhi has rejected, citing risks to its farmers. India is also unwilling to sign a deal that doesn't address both sectoral access and reciprocal tariffs on its exports, Bloomberg has reported. A team of Indian trade officials, led by chief negotiator Rajesh Agarwal, is slated to hold meetings with officials in Washington over two days this week to resolve differences and find a common ground, people familiar with the matter said, asking not to be identified as the discussions are private. India was among the first nations to initiate trade talks with the US this year, with Prime Minister Narendra Modi making sweeping concessions to appease the White House. Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. The Office of the US Trade Representative and an Indian trade ministry spokesperson didn't respond to requests for comment on the latest round of negotiations. --With assistance from Catherine Lucey, Prateek Mazumdar and Ramsey Al-Rikabi. (Updates with Trump comments) America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P.

US, China formalize deal on rare earth shipments
US, China formalize deal on rare earth shipments

CNN

time33 minutes ago

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US, China formalize deal on rare earth shipments

China on Friday signaled it would approve the export of rare earth minerals to the US, hours after White House officials said the two sides had reached a deal, in what would be a major breakthrough following weeks of negotiations over US access to the key materials. Rare earths – essential in everything from everyday electronics to fighter jets – had become a key focus of trade frictions between the world's two largest economies in recent weeks as their tit-for-tat tariff escalation morphed into a supply chain struggle. 'China will approve the export application of controlled items that meet the conditions in accordance with the law. The United States will cancel a series of restrictive measures taken against China accordingly,' China's Ministry of Commerce said in a statement. The statement was framed as a response to a question that specifically referenced how 'China will accelerate the export of rare earths to the United States.' The Chinese statement followed comments from US President Donald Trump and his Commerce Secretary Howard Lutnick Thursday confirming that the two sides had reached a deal. The agreement appears to formalize an understanding reached between the two sides earlier this month in London, which the US at the time said needed to be approved by Trump and Chinese leader Xi Jinping. On Thursday, US Commerce Secretary Howard Lutnick was quoted by Bloomberg News as saying that China is 'going to deliver rare earths to us' and once they do that, 'we'll take down our countermeasures,' referring to the export curbs US imposed on China in May as US officials accused Beijing of not honoring a deal reached the previous month in Geneva, by holding up rare earth exports. At a White House event on Thursday Trump said: 'we just signed with China yesterday,' without elaborating. In its statement Friday, China's Commerce Ministry said it hoped that the two sides could 'continuously enhance consensus, reduce misunderstandings, strengthen cooperation, and jointly promote the healthy, stable and sustainable development of China-US economic and trade relations.' China controls around 90% of global rare earth processing, according to the International Energy Agency. The two countries last month in Geneva reached an agreement to de-escalate hefty tariffs that had resulted in a de-facto trade embargo, but that agreement quickly fell apart due to the Trump administration's frustrations that China was not lifting export controls on rare earths that it had imposed following Trump's so-called reciprocal tariffs placed on China in April. The US, in retaliation, imposed export curbs on chips software, ethane and jet engines, while threatening to revoke the US visas of Chinese students. China said it was complying with the agreement and blamed Washington for reneging on its promises. Officials from both sides then returned to the negotiating table in London in June. Following the talks, Trump announced a deal had been reached– pending approval from both national leaders, and that both sides had agreed to ease export restrictions. The US will also allow Chinese college students to attend American universities, Trump suggested. 'Magnets and any necessary rare earths will be supplied up front by China,' he wrote on social media at the time. Reuters reported this week that the US Commerce Department has allowed ethane traders to load ethane on vessels bound for China. But it has prohibited them from unloading in China without authorization – signs experts interpret as the administration is preparing to lift the curbs. Under the dual use licensing regime China introduced for rare earths in April, exporters are required to seek approvals for each shipment to customers in any country and submit documentation to verify the intended end use of these materials. While China has in recent weeks repeatedly said that it has been 'speeding up' approvals of rare earth export licenses for 'compliant' applications, experts and industry insiders have told CNN that many companies are still struggling to secure sufficient supplies of these critical elements and magnets. Analysts also expect China's dual use export restrictions still prohibit shipments to military suppliers, leaving US defense contractors without access to such materials.

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