Dow slides, 30-year yield rises on CPI report, Newmont CFO departs
The 30-year Treasury yield (^TYX) rose above 5% after the June CPI report showed tariffs may be starting to drive prices higher. The data also weighed on stocks in the Dow Jones Industrial Average (^DJI). The Nasdaq Composite (^IXIC) is getting a boost after Nvidia (NVDA) said that it expects to be able to resume the sale of its H20 chip in China.
Newmont (NEM) shares are trading lower after it was announced CFO Karyn Ovelmen has left the company.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's market minute. Stocks mixed as Nvidia peers set to receive a green light for trade with China from the Trump administration. On the economic front, a key consumer inflation print shows inflation accelerated in June. The latest consumer price data fueling a move in yields, the 30 year treasury yield rising above 5% for the first time in six weeks, as investors' long-term inflation expectations rise. Taking a look at First Solar as the US Commerce Department launches investigations that could set the stage for more tariffs. Quoting Bloomberg, the Commerce Department is investigating imports of parts for unmanned aerial vehicles and for polysilicon, a key material for solar power. And Newmont shares under pressure as its Chief Financial Officer unexpectedly resigns. The gold miner naming Peter Wexler as interim CFO until a permanent successor is selected. And that's your Yahoo Finance market minute. For more of what's trending on Yahoo Finance, scan the QR code below.
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25 minutes ago
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Should the state pension age be raised above 66? Yahoo readers have their say
The government has announced a review of the state pension – but has ruled out making changes to the triple lock for now Yahoo UK's poll of the week lets you vote and indicate your strength of feeling on one of the week's hot topics. After the poll closes, we'll publish and analyse the results each Friday, giving readers the chance to see how polarising a topic has become and if their view chimes with other Yahoo UK readers. Huge changes to the UK's pensions could be on the cards as chancellor Rachel Reeves seeks to balance the government account books. Ministers have announced the Pensions Commission - which recommended auto-enrolment in workplace schemes in 2005 - is set to be revived for the first time in almost two decades in a bid to get Britons saving more for retirement. But the age at which the state pension can be drawn is also expected to be increased, with Reeves saying it was "right" to examine the issue in light of increasing life expectancy. Currently set at 66, the age is due to rise to 67 by 2028 and then to 68 between 2044-2046 - although the prospect of bringing this timeline forward has also been raised. Last year, the UK spent £138 billion on the state pension, equivalent to 5% of GDP, a figure the Office for Budget Responsibility expects to rise to 7.7% by the 2070s. Changes to the pensions 'triple lock', which ensures state pensions rise by 2.5%, CPI inflation, or the increase in average earnings every year, are also being considered. However, the triple lock will not be considered by the Pensions Commission and Labour has promised it will not be altered before the end of the current Parliament. In our poll earlier this week, Yahoo News UK asked our readers: "Should the state pension age be raised above 66?" It received 5,403 votes and showed an overwhelming majority - 85% - in favour of keeping the current age in place. The poll also asked readers for their thoughts on the pensions triple lock. Once again, 85% said they wanted to see the guarantee maintained, with even fewer arguing it should be scrapped. The poll's Have Your Say feature elicited some strong feelings and a mixture of opinion, with most feeling the state pension age should not be raised - but even this provoked a split over why it should be held steady. JanR, from Hertfordshire, said: "I think the state pension age should remain as it is. Most people work all their lives and deserve some down time whilst they are hopefully fit enough to enjoy it." David g, from Manchester, agreed, but said the focus should be on younger people still climbing the career ladder, rather than those already at the top. He said: "Keeping people in work longer to shorten the amount of pension they claim in what remains of their lives is the wrong thing to do. What about the younger generation looking for their first jobs? What will be left for them to do? Nothing. The government has totally got its priorities wrong. Why should we be forced to work for over fifty years? This is grossly unfair" P smith, from south Wales, also concurred, but argued those who had contributed to their pensions should not be penalised at the expense of those who had not, saying: "Why should people who have contributed to a works pension scheme work later in life to help support those who haven't." Others however, like Kevin F, from Derby, took the opposite view. He said: "The pension age has to increase in line with life expectancy. It's only fair to the younger generation." Read more of Yahoo UK's Poll of the Week articles
Bloomberg
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China Fails to Capitalize on Europe's Grievances Over US Tariffs
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Forbes
28 minutes ago
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Is CoreWeave The Next Great AI Stock To Buy Now? What Analysts Believe
The company's position in the AI cloud industry is shaky given much better resourced rivals, ... More excessive dependence on a big supplier and two large customers. CoreWeave went public on March 28, 2025 and its shares soared 368% from $40 to $187 in June 2025. Since then, the company's stock price has declined by a third – taking a particularly hard fall after the July 7 announcement of a deal for CoreWeave to acquire its landlord, Core Scientific, for $9 billion in CoreWeave stock. Shares of both companies have dropped significantly since then. Prior to the deal, CoreWeave stock had risen – probably too much. Although CoreWeave's revenue is growing rapidly, the company is losing money, is highly indebted, and faces intense rivalry from larger cloud services providers. In addition, CoreWeave depends heavily on one customer – Microsoft – whose AI Copilot does not compare favorably to those from faster-growing rivals like OpenAI's ChatGPT and Perplexity. If too few customers subscribe to Copilot, perhaps Microsoft will not need as much of CoreWeave's services. CoreWeave has issued billions of dollars in new debt – which has boosted its stock price. In May, the company sold $2 billion worth of notes – sending the stock up 19%, according to CNBC. On July 21, the company announced an additional $1.5 billion debt sale – due in 2031. Issuing new debt to pay off existing debt does not inspire as much confidence as would operating a profitable business generating sufficient cash to repay CoreWeave's financial obligations. It is possible this debt will help fuel faster revenue growth. That's because the company is using the money to build more cloud capacity to satisfy strong customer demand. CoreWeave stock may rise if providing more AI cloud capacity helps the company exceed investor expectations and raise guidance for the next several quarters. In the first quarter of 2025, CoreWeave's revenue grew more than 420% to about $982 million – more than 14% ahead of expectations. If the company can exceed these high growth expectations, its stock price could rise. However, on September 24 early investors will be free to sell their shares. Any hiccups between now and then could result in massive selling in a few months. Given CoreWeave's unprofitable business model, high debt level and excessive dependence on a more powerful supplier (Nvidia) and customer (Microsoft); owning this stock is not the best way to bet on AI's future. What Is CoreWeave? Livingston, New Jersey-based CoreWeave provides AI cloud-computing services. CoreWeave's services use Nvidia graphics processing units that help developers and enterprises to build AI chatbots. CoreWeave also has its own chip management software. Founded in 2017 and focused on high-performance computing, CoreWeave operates its own data centers in the United States and Europe. Nvidia described CoreWeave's Plano, Texas supercomputer center as 'the fastest AI supercomputer in the world,' according to VentureBeat. Understanding CoreWeave's Business Model CoreWeave's revenue comes from renting access to the company's GPUs – often through long-term contracts with large enterprise customers. Most of the revenue comes from customers who pay CoreWeave to use their GPUs – on a per-hour or per-instance basis. CoreWeave also generates revenue by selling software services to simplify the development and deployment of AI applications. When competing against large cloud services providers – which I profiled in my book, Brain Rush – CoreWeave enjoys several advantages. Most notably, CoreWeave's specialization in AI and GPU computing provides customers with faster processing speed and lower prices. Moreover, through its partnership with Nvidia, CoreWeave can give customers access to the latest GPU models, noted True Theta. CoreWeave Valuation CoreWeave's valuation is very high. At 31 times sales, according to Yahoo! Finance, the company's $59.2 billion stock market capitalization is significantly greater than the peer average of 16.7. What's more, CoreWeave shares are 21% overvalued, according to the average 12 month stock price target of 21 Wall Street analysts surveyed by TipRanks. CoreWeave Vs. Competitors CoreWeave competes with cloud giants, such as AWS, Microsoft Azure, Google Cloud Platform and Oracle Cloud Infrastructure, and niche players, such as GPU cloud providers Nebius, Lambda Labs and Cerebras, according to Uvation. CoreWeave's competitive advantages described above provide customers with faster, cheaper processing as well as 'rapid scalability and dedicated support for AI models and GPU optimization,' Uvation reported. The flip side of CoreWeave's narrower focus is its dependence on much larger companies as suppliers (Nvidia) and customers (Microsoft accounted for 72% of the company's revenue, noted the Journal). CoreWeave's capital intensive business model requires the company to incur high debt. Moreover, CoreWeave's service can only be onboarded with a scheduled meeting, rather than self-service.. Risk And Challenges Facing CoreWeave CoreWeave's most significant business risks include the following, according to Fyva: How CoreWeave Is Positioned For The Future Despite these risks, there are three ways CoreWeave is well-positioned for the future. These include: Is CoreWeave The Next Great AI Stock? CoreWeave is not the next great AI stock. Given the risks outlined above and what appears to be an uphill climb to become profitable, investors would likely be better off investing in fast-growing AI companies with higher margins. The stock price of Nvidia – which has recently gained better access to the Chinese market from the Trump administration – could be propelled further due to its powerful technological lead and high profit margins, as I described in Brain Rush. Bottom Line CoreWeave enjoyed very rapid growth in the first quarter of 2025 and its stock could keep rising if the company keeps exceeding high investor expectations and raises its guidance. However, the company's position in the AI cloud industry is shaky given much better resourced rivals, excessive dependence on a big supplier and two large customers. As CoreWeave takes on more debt to pay off its existing debt, the stock appears to be overvalued.
