China Rides Out Tariff Rollercoaster, EU Retaliation Pause, Bitcoin Pops
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Yahoo
27 minutes ago
- Yahoo
Pony AI (PONY) Expands Robotaxi Services to Shanghai—Analysts Stay Bullish
Pony AI Inc. (NASDAQ:PONY) is one of the . On July 30, Goldman Sachs analyst Allen Chang maintained a 'Buy' rating on the stock and set a price target of $26.00. The firm is optimistic about the company's strategic advancements and growth potential in the autonomous vehicle sector. Pony AI's latest commercialization efforts have borne fruit, with the company having obtained a permit to provide fully driverless commercial Robotaxi services in the Shanghai Pudong New Area. The company has already been operating in major tier-1 cities like Beijing, Shenzhen, and Guangzhou, and now that it has expanded into Shanghai, it has strengthened its market presence and revenue potential further. A fleet of autonomous vehicles driving down a sun-drenched highway. The Chinese autonomous vehicle technology company is religiously devoted to technological innovation, as evident from its full time Robotaxi testing across areas such as Beijing, Shenzhen, and Guangzhou. Meanwhile, the Gen-7 Robotaxi manufactured in collaboration with major automotive manufacturers' further promises lower hardware costs and enhanced software capabilities. Pony AI Inc. (NASDAQ:PONY) specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions. While we acknowledge the potential of PONY 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: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. 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
Politico
36 minutes ago
- Politico
Europe's Future Depends on Confrontation, Not Compromise
So far, Europe has not been able to mount an effective response to the threat from Russia, because to do so requires an entirely new, and bold, paradigm for European governance. Instead, we have seen European countries floundering, taking scattershot actions in the direction of their goal, with no real appetite for confrontation. The history of sanctions imposed on the Putin regime over the course of the war in Ukraine is a perfect illustration. Eighteen tranches of sanctions have been signed into law, and yet Putin is still able to wage his war, maintain the offensive on the battlefield, and engage in business with his international cronies. There is still plenty of room to inflict economic damage on the regime, even after all these rounds, because none of the sanctions were designed to deal a decisive financial blow. They are exemplars of the incremental approach to policy-making that the EU embodies, one that aims to nudge the adversary to the negotiating table gently. Of course, this kind of approach does not work on a dictator; indeed, it only feeds their aggression. Another example is the 1 million 155-millimeter artillery shells that were supposed to be sent to Ukraine. Half a year later, Europe had to admit that a union of 27 countries was unable to produce or procure that amount. To add insult to injury, Russia announced that North Korea had provided 1 million shells from its own stockpiles. One of the poorest nations in the world had, apparently, out-performed the most prosperous continent in supplying ammunition to its wartime ally. In the absence of European leaders willing to accept authorship for its new path forward, the continent's future might very well be written in Moscow. If Putin were to attack a NATO country that is also a member of the European Union, that would shake the foundations of European unity like nothing before. And so it is worth asking whether a Europe that is unable to defend its own people can have any meaningful future. A meeting held after the bombing of a European capital to discuss a compromise resolution would serve only as the tombstone for the European project itself. Even if the worst-case scenarios do not materialize, the Union's current ineffectiveness has already become crippling. Could today's Europe have the vision and ability to create something like the Schengen Area or the monetary union? Can it meaningfully enlarge if deadlock eventually reduces it to the status of a mere spectator in the war against Ukraine, the hybrid war against Moldova, or the non-military takeover of Georgia? The inescapable conclusion is that the EU is risking irrelevance and evaporation unless fundamental changes are made to the Treaty itself. This is obviously a monumental task, but after witnessing so many bottlenecks and breakdowns in the current system we at least have a clear picture of what the necessary changes would need to look like. And the basic proposal isn't even new. In 2017, German and French leaders floated the idea of a 'multi-speed Europe,' proposing the most fundamental overhaul of the framework of the EU to date. Had it not been for the Covid-19 pandemic and Russia's war on Ukraine that followed, this proposal could have evolved into a more vocal debate on the regionalization of the Union. This idea still has the potential to make a comeback, particularly in the Nordic-Baltic region, where countries are actively seeking stronger security and defense integration, and where the Russian threat is clearly understood. Meanwhile, parts of Western Europe are already diverging in interests from those in the North. And in the illiberal bloc, Hungary and Slovakia are eagerly awaiting elections in Czechia, hoping a new government will join their anti-European, pro-Russian ranks.
Yahoo
2 hours ago
- Yahoo
Berkshire Hathaway issues stern warning over Trump's tariffs as profits impacted — here's what investors need to know
Warren Buffett's Berkshire Hathaway just reported second-quarter operating earnings of $11.16 billion — a slight 4% dip compared to last year. The modest decline was driven by lower insurance underwriting profits, even as other divisions like railroads, energy, retail, and manufacturing posted solid gains. But what really stood out wasn't the numbers — it was the tone. In its official filing, the company warned that President Trump's newly imposed tariffs on goods from Mexico, Canada, and China pose a real threat to its businesses. 'It is reasonably possible there could be adverse consequences on most, if not all, of our operating businesses,' Berkshire wrote in its Q2 earnings report. Buffet put it more bluntly and called tariffs 'an act of war, to some degree,' in a recent interview with CBS's Norah O'Donnell. 'Over time, they are a tax on goods. I mean, the tooth fairy doesn't pay 'em! And then what? You always have to ask that question in economics. You always say, 'And then what?'' Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Tariffs may feel invisible — but they hit you While tariffs are framed as penalties on foreign countries, they often raise prices for American businesses and consumers. If it costs more to import steel, electronics, or groceries, someone pays — and usually, it's you. Buffett has long warned about how trade restrictions can: Raise the cost of everyday goods Disrupt supply chains Trigger retaliatory tariffs that hurt American farmers and exporters The latest moves by the Trump administration — including a proposed $250 visa fee for some international travelers and limitations on tax deductions for gambling losses — are already affecting tourism, manufacturing, and agriculture. Buffett's companies touch all those sectors, so his concern isn't theoretical. Still sitting on a mountain of cash Despite the cautionary tone, Berkshire is still immensely profitable and liquid. The firm ended the quarter with $344 billion in cash, slightly down from its record $347 billion earlier this year. But instead of spending, Buffett is holding back: No share buybacks in Q2 11 straight quarters of net stock selling $4.5 billion in equities dumped in the first half of 2025 Buffett seems to be waiting for better deals, or maybe bracing for a correction. Read more: Nervous about the stock market in 2025? Find out how you can A few red flags in the portfolio Berkshire also recorded a $3.8 billion loss on its long-troubled Kraft Heinz investment, which is reportedly weighing a grocery spinoff to revive growth. Two Berkshire directors resigned from the Kraft Heinz board earlier this year, suggesting waning confidence. And despite shares falling more than 10% from a record high, Berkshire didn't repurchase any of its own stock — a sign the firm may be anticipating more room to fall. What it means for you You don't need to own Berkshire stock to pay attention to this report. Berkshire's cautious tone, especially around tariffs, should resonate with everyday Americans. Tariffs will lead to higher prices — whether it's appliances, electronics, or groceries, expect price hikes if trade tensions escalate. Buffett's warnings point to a ripple effect for everyday Americans: Higher prices on goods imported from key trade partners Potential job losses in manufacturing and agriculture due to retaliatory tariffs More market volatility as investors respond to global trade uncertainty Food inflation may also stick around. Kraft Heinz's struggles reflect challenges across the grocery industry: high input costs, changing consumer tastes, and pressure to spin off underperforming brands. Buffett and Berkshire Hathaway aren't alone with their concerns. Other CEOs and economists have voiced concern that new trade barriers could hamper economic recovery just as inflation is cooling and interest rates are stabilizing. Even with billions in profit and an army of businesses, Buffett's Berkshire Hathaway is waving a red flag about the state of the economy. And when the 'Oracle of Omaha' is cautious, it's smart to listen. Keep an eye on policy, not just profits. 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