Yalla reports Q1 EPS 20c vs. 17c last year
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Opendoor (OPEN) Jumps 26%. Time to Sell?
We recently published . Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the top performers on Thursday. Opendoor Technologies soared by 25.62 percent on Thursday to end at $3.04 apiece, in what appeared to be a meme rally amid the lack of fresh catalysts to spark buying appetite. Investors may have taken path from a prominent crypto investor and podcast host, who announced on social media on Wednesday that he had personally acquired shares in Opendoor Technologies Inc. (NASDAQ:OPEN). The Top US City Where Home Prices Are Falling Most Now 'I believe retail investors are a powerful force in financial markets. They can help a company grow, generate new ideas, and bring valuable attention to a narrative,' said Anthony Pompliano, who serves as CEO of ProCap Acquisition Corp. and a former employee of Meta Platforms. Pompliano also owns a podcast called The Pomp Podcast and a YouTube channel under his name, where he discusses topics about crypto, business, and investing. To date, his channel has more than 624,000 subscribers. Meanwhile, Opendoor Technologies Inc. (NASDAQ:OPEN) recently regained compliance from the Nasdaq after the latter notified the company earlier this year of its failure to meet the $1 minimum bid price requirement to stay listed. The issue was resolved after Opendoor Technologies Inc. (NASDAQ:OPEN) announced on August 1 that it had successfully traded above the minimum level for 12 consecutive days from July 15 to 30. While we acknowledge the potential of OPEN 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 . 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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First two Venezuelan oil cargoes by Chevron after license depart to US
(Reuters) -The first two cargoes of Venezuelan oil exported by energy major Chevron after it received a fresh U.S. authorization to operate in the country last month have set sail for the United States, vessel monitoring data showed on Friday. The U.S. Treasury Department granted Chevron a new license in late July allowing it to operate in the sanctioned South American country and export its oil, a policy shift from more strict rules the Trump administration had imposed earlier this year. The Chevron-chartered tankers MediterraneanVoyager and Canopus Voyager departed from Venezuelan waters on Friday carrying cargoes of Hamaca and Boscan heavy crudes to U.S. refineries, according to LSEG data and exports records from state company PDVSA. One of the vessels was heading to the U.S. West Coast, while the other was navigating to Port Arthur, Texas, with estimated date of arrival next week, the data showed. Chevron is separately negotiating the reactivation of a supply agreement with Valero Energy that could give the U.S. refiner a portion of Chevron's entitled cargoes of Venezuelan crudes, which are popular among U.S. Gulf refiners, sources have said. Chevron has said it conducts its business globally in compliance with applicable laws and regulations, as well as the U.S. sanctions frameworks. The company's chief executive, Mike Wirth, earlier this month said exports from Venezuela would resume in small volumes. Chevron exported some 252,000 barrels per day (bpd) of Venezuelan oil to the U.S. in the first quarter, about 29% of the OPEC country's total.
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Caterpillar, Deere count the costs of tariffs as soft demand limits pricing power
By Shivansh Tiwary and Nathan Gomes (Reuters) -Industrial machinery makers are being battered by steeper costs from U.S. President Donald Trump's sweeping tariffs, with sluggish demand and high interest rates leaving little room to pass those expenses onto customers. Caterpillar and Deere, both sector bellwethers, have flagged hefty tariff-related hits this year, most of which they expect to absorb in the coming months as policy shifts keep markets on edge. Global companies that reported between July 16 and August 14 projected a combined financial hit of $14.2 billion to $15.8 billion for the full year, the Reuters' tariff tracker shows. During their respective earnings calls, Caterpillar said tariffs on imported components and materials would weigh on margins, while Deere warned of higher costs for steel and other inputs critical to its agricultural and construction equipment. The new round of tariffs, part of Trump's expansive push to protect U.S. manufacturing and narrow trade deficits, covers a wide range of industrial goods and raw materials. Machinery makers are already contending with a soft demand environment, as an uncertain economic outlook and elevated borrowing costs prompt customers to delay large capital investments. Deere was not able to raise prices as much as expected in its construction and forestry unit, while price increases in its agriculture business were modest and a bit below forecasts, Edward Jones analyst Faisal Hersi said. That has made it harder to pass on rising expenses, a sharp contrast to the pandemic years when resilient farm incomes and robust infrastructure spending allowed equipment makers to offset supply chain disruptions with price hikes and shield their margins. Quarterly operating profit in Deere's construction & forestry unit roughly halved from last year, while Caterpillar's overall operating profit fell nearly 20%. The tariff hit will be felt most in Deere's Small Ag & Turf and Construction & Forestry units, Jefferies analyst Stephen Volkmann said, with pricing moves only partially offsetting the blow. While the levies are designed to spur domestic production, they have raised concerns among manufacturers that rely on global supply chains. Deere expects just a 1% price gain this year in its largest division, Production & Precision Agriculture, leaving little to cushion a hit from normal cost inflation. Caterpillar is facing as much as $1.5 billion in tariff-related costs in 2025, including $400 million to $500 million in the third quarter alone, but is keeping its revenue guidance slightly above 2024 levels. "Currently, inventory destocking is the norm as demand cools, pressuring CAT and DE's ability to push through higher prices onto their customer base," CFRA Research analyst Jonathan Sakraida said. On the demand side, Caterpillar is finding some relief in its Energy & Transportation unit, which supplies engines, turbines, and locomotives for industries from power generation to rail, with strength there helping offset weakness in its Construction Industries and Resource Industries segments. Deere, with its heavier reliance on the farm equipment market, has faced a sharper slowdown, with sales down nearly 18% so far this year. Caterpillar's power generation business, for instance, is avoiding deep discounts to clear inventory, while Deere is expected to take a more aggressive pricing stance in Brazil as those markets move into a recovery phase, Sakraida said. The world's largest farm equipment maker, which expects $600 million in tariff impacts this year - $100 million north of its prior expectation, has cut its annual profit forecast twice this year as slowing farm equipment sales weigh on results.
