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Yahoo
2 hours ago
- Business
- Yahoo
Masayoshi & TSMC, GMS, Darden Restaurants: Trending Tickers
SoftBank (9434.T) CEO Masayoshi Son reportedly pitched a $1 trillion artificial intelligence (AI)– and robotics-focused industrial complex in Arizona to Taiwan Semiconductor Manufacturing Company (TSM), according to reports from Bloomberg. GMS (GMS) is facing a potential hostile takeover with QXO (QXO) and Home Depot (HD) among the possible companies interested. Darden Restaurants (DRI) stock is in focus after reporting fourth quarter earnings results that beat expectations. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Now time for some of today's trending tickers. We are watching Taiwan Semiconductor, GMS, and Darden Restaurants. First up, Taiwan Semiconductor potentially teaming up with Softbank's founder on a trillion dollar industrial complex in Arizona to build robots and artificial intelligence. According to reporting from Bloomberg, Softbank officials want TSMC to play a prominent role in the AI hub, but it's unclear if the company would be interested. TSMC is already building manufacturing facilities in the US with an investment of 165 billion dollars. Next up, GMS facing a potential hostile takeover. Billionaire Brad Jacobs' building products distributor, QXO, offered to acquire GMS for about $5 billion in cash and says it will proceed with a hostile takeover if the proposal is rejected. According to The Wall Street Journal, Home Depot has also made an offer for GMS. And finally here, Darden Restaurants reporting better than expected fourth quarter results. The Olive Garden owner's sales climbing nearly 11% from a year earlier. The company also forecasting annual same store sales above estimates and raising its regular quarterly cash dividend to $1.50 per share. You can scan the QR code below to track the best and worst performing stocks with Yahoo Finances Trending Tickers page. 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
Yahoo
2 hours ago
- Business
- Yahoo
Oil slides as Trump delays Iran intervention decision
Oil (CL=F, BZ=F) prices are dipping as investors await a decision from President Trump on potential US intervention in Iran. Yahoo Finance Senior Business Reporter Ines Ferré joins Morning Brief to explain the recent pullback in crude oil and what's weighing on the market. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Let's talk a little oil. Oil falling as investors awaiting a decision on US intervention in Iran. Inness Ferre has the latest. Hello, Inness. Hey Brad. Yeah, and just taking a look at where we're at with oil right now, we're looking at WTI that's down about 2/10 of a percent. Brent crude is down about 6/10 of a percent. You had seen quite a bit of a leg lower earlier this morning. Part of this had to do uh with uh President Trump's uh decision to sort of stay the course for the next two weeks uh and make his decision on Iran within the next two weeks. So that really sent futures lower. You also have a report from Reuters that Iran is ready to discuss uh limitations on their nuclear program. So that has also sent oil lower. But still, if you take a look at the last uh five sessions and the last three weeks, oil is on pace for its third week of gains. And I'm going to pull up a year-to-date chart, so you can see that oil is almost flat year to date when it comes to Brent, just slightly positive as well as WTI of more than two and a half percent when it comes to WTI. Look, Wall Street has been saying that we are seeing about a 10% premium on oil prices right now because of the Israel-Iran conflict. And you have uh Goldman Sachs, which came out with a note this week that is saying that they're expecting uh oil prices to go lower in the fourth quarter. Of course, if this conflict doesn't broaden more widely. Also, JP Morgan talking about uh oil supply shocks and the price shocks that you have from conflicts, those are tend to be short-lived. However, if you see a regime change in an oil-producing country, then you will see prices to the upside for an extended period of time. So all, so a lot is riding on what happens with whether or not the US gets directly involved uh in the Israel-Iran war, but nonetheless, we're seeing oil that is on pace still for a third week of gains.
Yahoo
4 hours ago
- Business
- Yahoo
US airlines suspending some MidEast flights: What to know
Flight disruptions grow as US tensions escalate in the Middle East. American Airlines (AAL) has suspended flights to Qatar through June 22, while United Airlines (UAL) has paused service to Dubai. Morning Brief host Brad Smith breaks down how rising conflict in the region is impacting airlines and energy markets. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. 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
Yahoo
4 hours ago
- Business
- Yahoo
Masayoshi & TSMC, GMS, Darden Restaurants: Trending Tickers
SoftBank (9434.T) CEO Masayoshi Son reportedly pitched a $1 trillion artificial intelligence (AI)– and robotics-focused industrial complex in Arizona to Taiwan Semiconductor Manufacturing Company (TSM), according to reports from Bloomberg. GMS (GMS) is facing a potential hostile takeover with QXO (QXO) and Home Depot (HD) among the possible companies interested. Darden Restaurants (DRI) stock is in focus after reporting fourth quarter earnings results that beat expectations. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. 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
Yahoo
5 hours ago
- Business
- Yahoo
Futures waver, triple witching, Tesla robotaxis: 3 Things
Here are some of the stories Wall Street is watching on Friday, June 20. Stock futures (ES=F, NQ=F, YM=F) are wavering after President Trump set a two-week deadline to decide what to do about the Iran-Israel conflict. About $6.5 trillion worth of options are expiring today, which could set up for a volatile day of trading. Tesla's (TSLA) robotaxis are scheduled to launch in Austin this weekend. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. 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
