Here's what we know about the US-China tariff agreement
The United States and China announced that they have agreed to temporarily lower tariffs, after a weekend of marathon negotiations in Geneva, Switzerland. CNN's Kristie Lu Stout breaks down what we know about the agreement.
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Everyone should keep an eye on this Persian Gulf island
Everyone should keep an eye on this Persian Gulf island originally appeared on TheStreet. Kharg Island is a small island in the Persian Gulf. It lies 16 miles off the northwest coast of Iran. It's 451 miles from Tehran, Iran's capital — roughly the distance from Detroit to New York City. It is just five miles long, about 40% the size of New York's Manhattan Island. And 125 from Iran's border with Iraq. 💵💰💰💵 It is also unique in the Persian Gulf. The island's limestone foundation allows it the luxury of fresh water reserves. Most importantly it also is the key port that exports Iranian crude oil. About 90% of Iran's oil exports flow through Kharg's terminal complex. And about a third of those exports go to could prove to be one of two key strategic places if the Israeli-Iran War (let's call it that for now) spins out of control. The other is the Strait of Hormuz, 21 miles wide at its narrowest, same as the English Channel. About a third of the world's liquified natural gas and 25% of its crude oil must pass through the strait to pass from the 615-mile Persian Gulf to reach buyers in Europe, Asia and elsewhere. Giant oil tankers with oil and natural gas from Iran, Iraq, Saudi Arabia, the United Arab Oman and Abu Dhabi, Qatar and Bahrain flow though the strait Iran is the northern side of the strait, Oman on the southern. For years, whenever there's a conflict involving Iran, there are fears the country might block the strait. The importance of Kharg and the Strait of Hormuz helps explain why crude oil prices shot up as much as 14% late Thursday on the very first reports of Israel's attack on Iranian military and nuclear West Texas Intermediate, the benchmark U.S. crude closed Friday up 7% to $71.29, and Brent, the benchmark global crude, was up the same amount to $74.23. If the worst of the conflict scenarios come to pass — Kharg's terminals and the strait are shut down, all bets are off on oil prices and, by extension, natural gas and gasoline prices. Kharg's terminal were blown up during the Iraq-Iran War of 1980-1988. And the shooting between Israel and Iran (via drones and missiles) continued off and on Saturday and into Sunday. In the event of a Kharg shutdown and strait closed, Reuters reported, some analysts were suggesting crude prices could top $120 a barrel or higher, which would send gasoline prices much higher, maybe up to the top U.S. average price of $5.22 a gallon in May 2022. Global economies would be disrupted, and inflation would almost certainly jump. AAA's daily U.S. average gasoline price was up a penny to $3.133 a gallon on Saturday. The price is up just 3.1% so far in 2025. U.S. oil and gas stocks jumped on the Israeli-Iran news Friday. The Energy Sector of the Standard & Poor's 500 Index was alone among the 11 sectors of the index to post a gain for the Energy Select Sector SPDR exchange-traded fund () , which matches the index's Energy Sector, was up 1.7%. Oil services giant Halliburton () was up 5.5%. APA Corp. () , parent of oil-and-gas producer Apache, was up 5.3%. The S&P 500 was down 1.13%. The Dow Jones Industrial Average, down as many as 887 points in the afternoon, finished with a 700-point loss, or 1.8%, to 42,198. The major stock indexes — Dow, S&P 500, Nasdaq Composite, Nasdaq-100 and Russell 2000 — all finished lower on the week. More Economic Analysis: Hedge-fund manager sees U.S. becoming Greece A critical industry is slamming the economy Reports may show whether the economy is toughing out the tariffs That said, many analysts do not believe things will get that out of hand. Similar worries about Kharg and the Strait of Hormuz have generated similar worries and price projections. But, in a note on Friday, Amarpreet Singh, an analyst with Barclay's, said "cool heads have prevailed." Moreover, as Ian Bremmer, president of the Eurasia Group, a consulting firm that watches matters like these, thinks Iran has few cards to play in this conflict. Israeli intelligence capabilities are just too capable, he said on a podcast, and Iran's military capacity has been diminished substantially by the attacks this week. Still, attention must be paid. Most should keep an eye on this Persian Gulf island first appeared on TheStreet on Jun 14, 2025 This story was originally reported by TheStreet on Jun 14, 2025, where it first appeared. 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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Will Jay Powell resist pressure from Donald Trump to cut US interest rates?
The US Federal Reserve appears likely to keep interest rates steady when it meets next week, despite pressure from President Donald Trump 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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Stock Market Turmoil: 2 Soaring Stocks to Buy Now (Hint: One Is Up 260% This Year)
Periods of stock market turmoil tend to create drawdowns, and drawdowns have historically been buying opportunities for patient investors. CoreWeave runs the leading GPU cloud, which positions it as a big beneficiary of demand for artificial intelligence infrastructure. MercadoLibre is not only the largest online marketplace in Latin America but also the leading retail advertising company in the region. 10 stocks we like better than CoreWeave › Stocks declined as oil prices skyrocketed on Friday, June 13, after Israel attacked Iran, one of the largest oil producers in the world. Traders are worried the conflict will make gasoline more expensive. That would hurt the economy because cheaper gasoline is the primary reason inflation has been cooling. Reversing that trend would leave consumers with less spending money. Additionally, many economists think that the tariffs imposed by the Trump administration will raise inflation in the coming months. The additive effect of more expensive oil and tariff-induced price increases could slow economic growth profoundly. However, patient investors have usually been well rewarded for buying dips in the U.S. stock market. With that in mind, it makes sense to invest a small amount of cash today, then lean in more aggressively if the drawdown deepens. CoreWeave (NASDAQ: CRWV) and MercadoLibre (NASDAQ: MELI) are worth buying. Here's why. CoreWeave offers cloud infrastructure and software services. Hyperscalers like Amazon Web Services and Microsoft Azure provide similar products, but CoreWeave operates a dedicated graphics processing unit (GPU) cloud. That means its data centers are purpose-built to support artificial intelligence (AI) training and inference, as well as other demanding computing workloads that require acceleration. CoreWeave has become adept at managing GPU clusters during its eight-year history, so much so that research organization SemiAnalysis recently ranked the platform as the best GPU cloud on the market. One reason for this is that CoreWeave regularly achieves top results at the MLPerf benchmarks, objective tests that measure the performance of AI systems. CoreWeave reported impressive financial results in the first quarter. Revenue increased 420% to $981 million, and non-GAAP (non-generally accepted accounting principles) operating income (which excludes stock-based compensation and interest on debt) rose 550% to $162 million. Management also said its revenue backlog rose 63% to $25.9 billion, primarily due to a deal signed with OpenAI in March. As a caveat, building data centers is expensive. CoreWeave has nearly $9 billion in debt on its balance sheet. The interest payments totaled $264 million in the first quarter, which led to a non-GAAP net loss of $150 million. But the company is judicious when it borrows money; it takes on debt only when a customer contract creates demand for more infrastructure and only if the contract more than covers the cost of the debt. Importantly, CoreWeave shares have advanced 260% since its initial public offering (IPO) in March, and Wall Street generally views the stock as overvalued. The median target price of $69 per share implies 53% downside from its current share price of $147. But I think analysts are too pessimistic. The stock trades at 28 times sales. That is certainly not cheap, but I think the premium is reasonable for a company with triple-digit sales growth and a 73% gross margin. MercadoLibre operates the largest online marketplace in Latin America. It accounted for about 28% of regional retail e-commerce sales last year and is likely to account for 30% by 2026, according to eMarketer. Market share gains are evidence of a strong network effect, whereby the platform becomes increasingly attractive to consumers as more merchants list products, and vice versa. MercadoLibre also provides adjacent solutions for payments, fulfillment, and advertising, making the marketplace even more attractive to merchants. The company boasts the fastest and most extensive logistics network in Latin America and ranks as the largest retail advertiser, with more than 50% market share. It also owns the largest fintech platform in Argentina, Chile, and Mexico, as well as the second-largest in Brazil. MercadoLibre reported strong financial results in the first quarter. Revenue increased 37% to $5.9 billion on particularly strong revenue growth in the fintech business, which itself was due to strong adoption of credit cards, financing, and asset management products. Meanwhile, profit margin improved modestly, and GAAP net income increased 44% to $9.74 per diluted share. Wall Street estimates MercadoLibre's earnings will increase by 36% annually through 2026. That makes the current valuation of 58 times earnings look reasonable. Wall Street has the same opinion. The median target price of $2,863 per share implies 20% upside from the current share price of $2,372. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Amazon and MercadoLibre. The Motley Fool has positions in and recommends Amazon, MercadoLibre, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Stock Market Turmoil: 2 Soaring Stocks to Buy Now (Hint: One Is Up 260% This Year) was originally published by The Motley Fool Sign in to access your portfolio
