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EU Gets Tariff Deadline Extension - What's News

EU Gets Tariff Deadline Extension - What's News

A.M. Edition for May 27. President Trump gives the European Union a reprieve on his threat to impose 50% tariffs on June 1 if a trade deal isn't reached. The WSJ's Kim Mackrael in Brussels talks us through the negotiations. Plus, Trump weighs sanctions against Russia as Moscow pummels Ukraine with drones and missiles. And Canada's new leader Mark Carney takes up the task of fixing the country's relationship with Trump. Former Canadian diplomat Colin Robertson previews King Charles's historic speech at the opening of parliament. Azhar Sukri hosts.
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Slate Auto drops ‘under $20,000' pricing after Trump administration ends federal EV tax credit
Slate Auto drops ‘under $20,000' pricing after Trump administration ends federal EV tax credit

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time14 minutes ago

  • Yahoo

Slate Auto drops ‘under $20,000' pricing after Trump administration ends federal EV tax credit

Slate Auto, the electric vehicle startup backed by Jeff Bezos, has stopped promoting that its upcoming pickup truck will start 'under $20,000' following passage of President Trump's tax cut bill. The bill, which is expected to be signed into law by Trump on July 4, will cause the federal EV tax credit to end in September — a $7,500 incentive that Slate had counted on to help its all-electric pickup clear that mark. When Slate came out of stealth mode in April, the startup heavily promoted that its all-electric pickup would start at 'under $20,000' with the $7,500 federal EV tax credit. That language was still on Slate's website as recently as yesterday according to the Web Archive. The change is a potential blow to the young company's attempt to make a radically affordable electric vehicle. Slate didn't provide a precise price for the EV at its launch event; and it has yet to say what the actual starting price of its vehicle will be, sans-credit. A Slate spokesperson declined to comment on the change. The company won't start building the truck until the end of 2026 at the earliest. Slate's business is also built around making this vehicle highly customizable, which means it's possible that few people will buy the base model to begin with. The sub-$20,000 price had been a big attraction point for the brand new company's product, and it was a major focus following its April launch event. The auto industry has 'driven prices to a place that most Americans simply can't afford,' chief commercial officer Jeremy Snyder said during the event. 'But we're here to change that.' 'We are building the affordable vehicle that has long been promised but never been delivered,' CEO Chris Barman added at the time. 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

Investing in Koh Brothers Eco Engineering (Catalist:5HV) a year ago would have delivered you a 97% gain
Investing in Koh Brothers Eco Engineering (Catalist:5HV) a year ago would have delivered you a 97% gain

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time22 minutes ago

  • Yahoo

Investing in Koh Brothers Eco Engineering (Catalist:5HV) a year ago would have delivered you a 97% gain

The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking market-beating companies to own shares in. For example, the Koh Brothers Eco Engineering Limited (Catalist:5HV) share price is up 97% in the last 1 year, clearly besting the market return of around 16% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! And shareholders have also done well over the long term, with an increase of 46% in the last three years. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Given that Koh Brothers Eco Engineering didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. When a company doesn't make profits, we'd generally hope to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. In the last year Koh Brothers Eco Engineering saw its revenue shrink by 16%. Despite the lack of revenue growth, the stock has returned a solid 97% the last twelve months. To us that means that there isn't a lot of correlation between the past revenue performance and the share price, but a closer look at analyst forecasts and the bottom line may well explain a lot. The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail). Take a more thorough look at Koh Brothers Eco Engineering's financial health with this free report on its balance sheet. We're pleased to report that Koh Brothers Eco Engineering shareholders have received a total shareholder return of 97% over one year. That gain is better than the annual TSR over five years, which is 7%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 1 warning sign for Koh Brothers Eco Engineering you should be aware of. But note: Koh Brothers Eco Engineering may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $384.84 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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

What Are These OpenAI and SpaceX Stock Tokens Robinhood Is Giving Away?
What Are These OpenAI and SpaceX Stock Tokens Robinhood Is Giving Away?

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time24 minutes ago

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What Are These OpenAI and SpaceX Stock Tokens Robinhood Is Giving Away?

Robinhood earlier this week announced it would give away to eligible European users small "tokenized" stakes in private companies OpenAI and SpaceX, an offering OpenAI said it did not endorse. Federal regulations currently prohibit investors with assets and income below a specific threshold from investing in private companies, which are subject to less stringent financial disclosure rules. Robinhood CEO Vlad Tenev argues tokenizing the equity of private companies will give everyday investors access to the outsized gains that can come from being an early investor in groundbreaking Markets earlier this week said it would offer European users the option to trade 'stock tokens,' and that it would give away $5 worth of 'tokenized' stock in two major private companies, OpenAI and SpaceX, to eligible investors. OpenAI on Wednesday disavowed the offering, writing, 'These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it.' The company urged investors to 'please be careful.' Robinhood CEO Vlad Tenev responded in an X post on Wednesday night: 'While it is true that they aren't technically 'equity' (you can see the precise dynamics in our Terms for those interested), the tokens effectively give retail investors exposure to these private assets.' Separately, a spokesperson said that the tokens provide "indirect exposure... and are enabled by Robinhood's ownership stake in a special purpose vehicle." Elon Musk, the CEO of SpaceX, has not commented publicly on the stock tokens. But he did seize the opportunity to take a jab at OpenAI, with which he has sparred in the past. "Your 'equity' is fake," Musk replied to the company's post. So if stock tokens aren't equity, what are they? Stock tokens are effectively the blockchain equivalent of equity; they represent one's transferrable ownership stake in a company. But they differ from regular stock in a few key ways. First, they're traded on a blockchain rather than on public exchanges. Second, they can be stored in the investor's digital wallet, rather than being held by a custodian, like a brokerage. Third, because they are on-chain, they can be used in other decentralized finance activities, like staking. Tenev, the Robinhood CEO, made the case for stock tokenization in a recent appearance on Bloomberg's 'Odd Lots' podcast. Tokenized stocks can be held directly by the investor who owns them, which gives them more flexibility in trading. Stock that's not in the custody of a brokerage can still be traded when that broker experiences technical difficulties; an urgent sell order can be redirected to a different broker and filled. The decentralized nature of blockchain could make it easier for stocks to trade 24/7. As long as computers are processing transactions on the blockchain, traders can buy and sell stocks without using exchanges and clearinghouses with fixed operating hours. Finally, tokenization makes stock available to put in a collateralized lending pool or to stake, giving investors additional sources of passive income. Robinhood is launching tokenized private company stock in Europe because it has less stringent rules governing private market investment. In the U.S., private markets are accessible only to accredited investors—individuals and businesses with enough money that, in the eyes of the government, they don't need the protections that come from regulatory oversight of public markets. Public companies are required by the Securities and Exchange Commission to make regular financial disclosures and provide the public with material business updates. Private companies have more relaxed disclosure rules, primarily because accredited investors are assumed to be rich or savvy enough to take on the additional risk of private investments. Tenev, in a Washington Post op-ed in January, said opening private markets to retail investors was central to Robinhood's tokenization push. 'Tokenizing private-company stock would enable retail investors to invest in leading companies early in their life cycles, before they potentially go public at valuations of more than $100 billion,' he wrote. There is an obvious benefit to everyday investors being able to invest in the hottest start-ups; under existing rules, the outsized gains that come from early investment often accrue to the wealthy and well-connected. Though, public disclosure rules exist to help everyday investors and their advisors make informed decisions and protect them from fraud, and investing in small upstarts is inherently riskier than buying shares of an established public company. Tenev told 'Odd Lots' that stock tokens could become available in the U.S. without new legislation, and that Robinhood has been discussing tokenization with the SEC's Crypto Task Force. 'I think they're pretty keen to make this happen,' he said, referring to rules that would govern the tokens. Read the original article on Investopedia 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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