The Canadian dollar drops amid Trump's tariffs, while Dow futures show slight resilience despite looming new tariffs. Copper prices surge to a record high following a 50% tariff announcement.
President Trump decided to delay the implementation of his so-called reciprocal tariffs to Aug. 1 after advisers including Treasury’s Scott Bessent lobbied for more time to cut deals
President Trump has pushed back his plan to impose reciprocal tariffs—essentially matching other countries' import taxes—from June to August 1st. The delay came after key advisers, like Treasury’s Scott Bessent, argued for more time to negotiate trade deals. Meanwhile, Trump is keeping the heat on by sending out letters, likely to signal he’s still serious about the threat of tariffs.
Editor’s Note: This isn’t just about dates—it’s a tactical pause. Trump’s team wants room to cut deals without immediately escalating trade tensions, but the letters show they’re not backing down entirely. For businesses and markets, it’s a temporary sigh of relief, but the uncertainty isn’t going away.
President Trump is gearing up to send out more tariff-related letters to several countries as part of ongoing trade negotiations. Meanwhile, Dow futures are ticking up slightly, suggesting cautious optimism in the markets despite the potential for fresh trade tensions.
Editor’s Note: Trade policies can swing markets and impact everything from consumer prices to corporate profits. Even though the Dow is inching higher, Trump’s tariff moves could signal more volatility ahead—investors are watching closely to see how these talks unfold. If tensions escalate, it could mean higher costs for businesses and shoppers, but for now, the markets seem to be taking it in stride.
Artelo Biosciences just shared some promising results for their new arthritis pain drug in a recent study. The data suggests the treatment could be effective in managing pain, which is a big deal for the millions of people struggling with arthritis discomfort. While it's still early days, this could be a step toward a better option for patients who don’t respond well to current meds.
Editor’s Note: Arthritis pain can be relentless, and existing treatments don’t work for everyone. If Artelo’s drug keeps showing promise, it could offer much-needed relief—and maybe even shake up how we approach chronic pain management. For investors, it’s also a sign the company’s research is heading in the right direction.
Canaccord, a financial firm, just bumped up its price target for SGHC (Super Group) stock to $15, citing the company's solid second-quarter performance. Basically, they’re betting that the stock’s got more room to grow based on those strong numbers.
Editor’s Note: For investors or anyone tracking SGHC, this is a vote of confidence—analysts see momentum here. It’s not just a pat on the back; a raised price target can actually nudge the market, so it’s worth keeping an eye on how the stock reacts.
Wells Fargo just slashed its price target for Fair Isaac (the company behind FICO credit scores) from $2,500 to $2,300, citing worries about how mortgage credit scores might perform in a shaky housing market. Basically, they’re betting that fewer people will be taking out mortgages—or qualifying for them—which could dent Fair Isaac’s business.
Editor’s Note: If you’ve ever applied for a mortgage, you know your FICO score is a big deal. Wells Fargo’s move signals broader jitters about the housing market—higher rates and tighter lending could mean fewer people buying homes, which ripples out to companies like Fair Isaac. It’s a small but telling sign of how Wall Street sees the economy right now.
Hershey's stock took a hit after Wells Fargo doubled down on its "Underweight" rating, signaling skepticism about the company's near-term performance. Basically, the bank thinks investors should be cautious—or even reduce their holdings—because Hershey might struggle to meet expectations.
Editor’s Note: When a major bank like Wells Fargo reaffirms a bearish stance, it can spook investors, especially in a shaky market. Hershey’s dip isn’t just about candy cravings—it reflects broader concerns like inflation squeezing consumer spending or rising cocoa costs eating into profits. For everyday folks, it’s a reminder that even beloved brands aren’t immune to Wall Street’s mood swings.