Core Insights - BlackRock launched the iShares Global Government Bond USD Hedged Active ETF (GGOV), the first actively managed ETF providing USD-hedged exposure to global government bonds, addressing the demand for diversified fixed income solutions [1][5] - The fund has an expense ratio of 0.39% and follows the Bloomberg Global Treasury USD Hedged Index as its benchmark, with historical performance indicating better returns with less volatility compared to U.S.-only bond indices [2] - GGOV aims to mitigate overexposure to long-dated U.S. Treasuries, which are seen as increasingly risky, by providing a worldwide strategy that enhances yields and reduces risk when U.S. interest rates exceed international rates [4] Market Context - The launch of GGOV coincides with a period of elevated inflation, large budget deficits, and rising issuance, making it a valuable tool for U.S. asset allocators [3] - The ETF is positioned to meet the needs of investors reassessing their bond exposures in light of global rate changes and ongoing inflation, combining active alpha creation with a USD hedge for both defense and diversification [5] - GGOV is part of BlackRock's expanding fixed income offerings, contributing to its $52 billion U.S. active ETF platform and its $1 trillion global bond ETF franchise [5]

Core Insights - Tesla has achieved its first-ever driverless car delivery, marking a significant milestone for the company amid a sales slump [1][4] - The delivery involved a Model Y SUV that autonomously drove approximately 30 minutes to reach its new owner without any human intervention [1][3] - The vehicle reached a maximum speed of 72 miles per hour and is identical to other Model Y units produced at Tesla's factory [3] Company Performance - Tesla's stock has declined over 15% since the beginning of the year, with shares down about 1% in early trading following the driverless delivery announcement [4] - The company is facing increased competition from Chinese electric vehicle manufacturers like BYD in key markets such as Europe and China [4] Technological Developments - The driverless delivery occurred shortly after the launch of Tesla's Robotaxi service in Austin, which has received mixed reviews regarding its adherence to local traffic laws [7][8] - Tesla's AI chief stated that the company randomly selected a customer for the delivery, emphasizing the vehicle's standard production quality [3] Market Potential - Elon Musk has projected that autonomous driving technology could potentially add $5 trillion to $10 trillion to Tesla's market capitalization by transforming its vehicles into a productive fleet [9] - Tesla is in direct competition with companies like Waymo in the self-driving car sector [9]

Core Viewpoint - Boeing's stock has recently experienced volatility, with a notable increase of almost 6% on Friday, but trading has quieted down, indicating a stall at a significant resistance level around $215 [1][2]. Group 1: Stock Performance - Boeing's shares were trading around $215 in early 2024, which was identified as a resistance level where sellers previously capped the price [2]. - After reaching this resistance level again earlier this month, many traders who had previously bought at this price decided to sell, leading to a concentration of sell orders [5][6]. - The historical pattern suggests that stocks often face resistance at former peak prices, indicating a potential for a selloff following the stock's return to this level [7]. Group 2: Trader Behavior - Traders who experienced buyer's remorse when the stock price fell below $215 are now positioned to sell if the price returns to their original buy price, creating additional selling pressure [6]. - The saying "Sell at former peaks" reflects the behavior of traders who aim to exit their positions at breakeven when the stock revisits previous high points [4][7].

Key Takeaways C passed the 2025 Fed stress test with a CET1 capital ratio of 10.4%, well above the 4.5% minimum. C approved a $20B buyback plan and raised its dividend 6% in July 2024 after clearing the stress test. C is trimming 20,000 jobs and exiting non-core markets to cut costs and refocus on higher-return areas.Citigroup Inc. (C) has passed the Federal Reserve’s 2025 stress test. Post-clearing the stress test, C now has the flexibility to return excess capital to shareholders via dividends and share ...

Key Takeaways NU added 19% more customers y/y and saw 40% revenue growth, with Mexico expansion fueling momentum. DAVE grew ExtraCash originations 46%, driving a 47% rise in revenues and a 235% surge in adjusted EBITDA. NU serves Latin America with 118M users, while DAVE targets the U.S. using AI to improve credit performance.Both Nu Holdings (NU) and Dave (DAVE) are major players in the digital financial services sector. NU is a prominent digital bank serving more than 118 million customers across Brazil ...

Key Takeaways STLA recalls 250,651 U.S. vehicles due to defective side curtain airbags that may not hold pressure. Q1 2025 revenues fell 14% to EUR 35.8B, driven by shipment declines and weak pricing and product mix. Despite North American slowdowns, STLA's European market share hit 17.3% after seven new launches.Stellantis N.V. (STLA) is recalling 250,651 vehicles in the United States because of a defect in the side curtain airbags that may not be properly sealed, per the U.S. National Highway Traffic Sa ...

NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds PepGen Inc. (“PepGen” or the “Company”) (NASDAQ: PEPG) investors of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. Should You Join This Class Action Lawsuit? Do you, or did you, own shares of PepGen Inc. (NASDAQ: PEPG)?Did you purchase your shares between March 7, 2024 and March 3, 2025, inclusive?Did you lose money in your invest ...

Key Takeaways TSLA completed a fully autonomous Model Y delivery with no one inside or guiding the vehicle remotely. The 30-minute trip from Tesla's Austin Gigafactory showed smooth, rule-abiding navigation throughout. This breakthrough follows earlier testing issues with erratic robotaxi behavior in Austin on June 22.Tesla, Inc. (TSLA) has achieved a breakthrough in autonomous vehicle technology by completing the world’s first driverless car delivery. A Model Y drove itself from Tesla’s Gigafactory in Au ...

Wall Street is set to wrap up one of the strongest monthly advances so far in 2025, fueled by optimism surrounding global trade and easing fears over tariffs. The S&P 500 and the Nasdaq Composite Index closed at an all-time high Friday, another milestone in the stock market’s remarkable recovery from a springtime plunge caused by fears that the Trump administration’s trade policies could harm the economy.With just a day left to close the month, the S&P 500 has climbed 4.4%, and the tech-heavy Nasdaq rose ne ...

12th Anniversary of SkillsUSA Additive Manufacturing Competition SOUTHFIELD, Mich., June 30, 2025 (GLOBE NEWSWIRE) -- SME, the nonprofit committed to building and expanding North America's talent and capabilities and accelerating advanced manufacturing technologies, and global additive manufacturing leader Stratasys, announced the winners of their cosponsored 2025 Additive Manufacturing Competition, conducted as part of the 61th annual SkillsUSA National Leadership and Skills Conference, held in Atlanta Jun ...