Justice Department Won't Seek Injunction for T-Mobile Acquisition of U.S. Cellular
The Justice Department on Thursday said its antitrust division won't seek an injunction to prevent T-Mobile from closing on its proposed acquisition of U.S. Cellular.
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TSMC and Nvidia are latest bullish reads on AI demand: Opening Bid top takeaways
Fed attack aftershocks. Markets have stabilized a bit on Thursday after a Trump-fueled tizzy on Wednesday. According to multiple reports, President Trump had sounded out lawmakers on whether he should fire Federal Reserve Chair Jerome Powell. The US dollar immediately tanked, and the closely watched 10-year Treasury yield rose. Stocks took a hit. Trump later walked back the reports in a press conference. But Trump's repeated attacks on Powell and the Fed have investors on edge after a record-setting run for stocks. "I think he has done a very good job," Carlyle Group (CG) co–founder David Rubenstein told me. Rubenstein hired Powell in the late 1990s as a partner at his private equity firm, where Powell stayed for eight years. Here is everything we touched on during Yahoo Finance's Opening Bid on Thursday. Tune in live daily to Opening Bid at 9:30 a.m. ET. Another bullish read on tech Those looking for a bearish read on AI demand won't find it in Taiwan Semiconductor's (TSM) earnings release today. Taiwan Semiconductor, which manufactures chips for top players such as Nvidia (NVDA) and Apple (AAPL), now sees full sales growing 30% year over year. Previously, it modeled for sales growth in the mid-20% range. The company maintained a bullish tone around consumer demand for smartphones. The company is on track to spend $40 billion in capital expenditures this year to support strong AI chip demand. "Overall, we view this update from the industry's largest customer as encouraging/reassuring when applied toward next year's revenue spending outlook," Stifel analyst Brian Chin said. This comes hot on the heels of Nvidia CEO Jensen Huang's visit to China this week, during which he called out a strong order pipeline for the AI chips the company will soon be allowed to export back into the market. PepsiCo serves up a bubbly bottom line After a surprisingly lackluster first quarter in which it issued a rare outlook warning, PepsiCo (PEP) came back today with better news (off lowered expectations, to be fair). The maker of Pepsi soda and Frito-Lay snacks served up a $0.09 earnings beat and a $400 million revenue beat for its second quarter. Importantly, the company maintained its 2025 outlook for low-single-digit percentage revenue growth. EPS growth is still expected to be unchanged year over year. But it's clear the company continues to battle price-sensitive shoppers and higher costs of doing business. The PepsiCo North America food business saw volumes fall 1% and operating profits drop by 13%. The North America beverage business clocked a 2% volume decline, while operating profits were unchanged versus the prior year. "I'm not sure the consumer is changed. The consumer continues to be — especially middle and lower income — continues to be extremely challenged," PepsiCo chair and CEO Ramon Laguarta told me by phone. Starbucks stock gets put on ice A bearish call on Starbucks (SBUX) by Jefferies has caffeinated the bears. Analyst Andy Barish slapped the stock with an Underperform rating and a $76 price target. The new target assumes an 18% downside from current price levels. Starbucks is set to report its earnings on July 29. "We think the stock has surpassed reasonable expectations for improving fundamentals," Barish said. Barish is concerned about weak consumer spending data and higher future costs as CEO Brian Niccol invests in his turnaround plan. Key to that plan are remodeling Starbucks stores and extra hours and pay for store workers. Before this downgrade, Starbucks shares had gained 23% in the past year. Barish isn't alone in his concerns about Starbucks stock — according to Yahoo Finance data, 55% of the analysts that cover the stock rate it a Hold or Sell. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email 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
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Knightscope Joins Palantir's FedStart Program To Expand Federal AI Security Solutions
Knightscope Inc. (NASDAQ:KSCP) has signed a two-year agreement with Palantir Technologies Inc. (NASDAQ:PLTR) to join Palantir's FedStart program. The agreement aims to expand Knightscope's presence in the U.S. federal market, particularly in national security and public safety. The partnership provides Knightscope access to essential accreditations, including FedRAMP High and DoD Impact Level 5, enabling secure operations in federal environments. Knightscope will also receive support for Authority to Operate (ATO) status and integration into Palantir-managed AWS GovCloud clusters, ensuring compliance with federal standards.'This agreement represents a transformational step forward in our federal strategy,' said William Santana Li, CEO of Knightscope. He emphasized that the collaboration aligns with ongoing efforts in Washington to establish a National Robotics Strategy, aiming to position the U.S. as a leader in autonomous systems. The partnership also aligns with Palantir's broader mission to deploy AI to enhance public institutions. Alex Karp, Palantir's CEO, has highlighted how AI can help protect public institutions, a vision shared by Knightscope. This collaboration mirrors other successful AI initiatives, such as AT&T Inc. (NYSE:T) leveraging Palantir's platform for its internal generative AI system, 'Ask AT&T.' The platform serves 100,000 employees and uses AI to streamline operations and improve service delivery, benefiting from Palantir's technology. Knightscope's partnership with Palantir is poised to scale its autonomous security solutions, targeting public safety and critical infrastructure protection within the federal market. Price Action: On Thursday's last check, KSCP shares were trading higher by 4.24% at $8.55, and PLTR was up by 1.52% at $153.20. Read Next: Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? PALANTIR TECHNOLOGIES (PLTR): Free Stock Analysis Report This article Knightscope Joins Palantir's FedStart Program To Expand Federal AI Security Solutions originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
Yahoo
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Nordic Finance Heads Urge EU to Stand Firm in US Trade Talks
(Bloomberg) -- Scandinavian finance chiefs said the European Union needs to stand firm in its tariff talks with the US as the bloc seeks to end the costly uncertainty triggered by the protracted trade talks. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say The EU should act swiftly and remain open to using all available tools as it approaches the negotiation deadline, Swedish Finance Minister Elisabeth Svantesson said. 'We shouldn't rule out any options, but we need to be tough,' Svantesson told Bloomberg Television in an interview on Thursday. 'We have to be quite frank, quite quick now, to reach a deal because we have waited so long.' The US has set a deadline of August 1 after which it has said tariffs of 30% will be imposed on EU goods triggering a scramble by the bloc's leaders to strike a better deal before that date. EU Trade Commissioner Maros Sefcovic has expressed frustration at the US administration for its move as Brussels believed it was very close to an agreement before the latest salvo. The Nordic nations have had the least favorable view of the US in western Europe after Donald Trump got re-elected as the president, according to public opinion polls. A growing number of EU member states want to trigger its most powerful trade tool, the so-called anti-coercion instrument, against the US should the two sides fail to reach an agreement, Bloomberg reported on Wednesday. The US has resisted lowering agricultural tariffs, exemptions for cars and wine. While it's important the EU remains constructive in the trade talks and seeks to find solutions, the bloc should be firm that it is ready to defend its own interests, Denmark's Minister for Economic Affairs Stephanie Lose said in a separate interview on Thursday. 'The European Union will not stand up for everything,' Lose said. 'We will of course be ready to take the necessary countermeasures.' She added it's still too early to say what such measures might look like. The EU has already prepared a list of countermeasures to target US goods worth €72 billion ($84 billion), including Boeing Co. aircraft, automobiles and bourbon if it decides to retaliate against Trump's tariff policy. How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All Forget DOGE. Musk Is Suddenly All In on AI How Hims Became the King of Knockoff Weight-Loss Drugs The Quest for a Hangover-Free Buzz What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. 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
