Tesla's Robotaxi Plans Boost Stock; Court Blocks Trump Tariffs
Key Takeaways
- Tesla stock is increasing due to the company's plans to launch a robotaxi service.
- Markets reacted positively to the US court blocking Trump's tariffs, boosting U.S. stock futures.
- Global Payments is selling its payroll unit to Acrisure for $1.1 billion.
- S&P Global revised T-Mobile US's outlook to positive on 2025-05-28.
- Joby Aviation shares rose after Toyota’s $250M investment on 2025-05-28.
Top Stories
Tesla stock rises on robotaxi service launch plans.
On 2025-05-28, Investing.com reported that Tesla stock is increasing due to the company's plans to launch a robotaxi service.
US court blocks Trump's tariffs; markets cheer.
Reports from 2025-05-28 and 2025-05-29 indicate that markets reacted positively to the US court's decision to block Trump's tariffs. While this is expected to provide a short-term boost, it may also lead to long-term market anxiety; U.S. stock futures surged on 2025-05-28 due to this court defeat.
Global Payments sells payroll unit to Acrisure for $1.1B.
S&P Global revises T-Mobile US's outlook to positive.
Joby Aviation shares rose after Toyota’s $250M investment.
Earnings Season
Phreesia surpasses Q1 earnings forecasts; stock climbs.
On 2025-05-28, it was reported that Phreesia exceeded Q1 2025 earnings forecasts, leading to an increase in its stock price.
U-Haul earnings missed, revenue topped estimates.
On 2025-05-28, U-Haul Holding announced that its earnings missed estimates by $0.24, but its revenue exceeded expectations.
Ncino earnings matched, revenue topped estimates.
On 2025-05-29, it was reported that Ncino's earnings matched estimates, while its revenue exceeded expectations.
Economic Pulse
UK seeks to expedite US trade deal.
According to a Financial Times report published on 2025-05-29, the UK is looking to accelerate the implementation of a trade agreement with the US.
US home buyer uncertainty highest since 2023.
A BofA survey published on 2025-05-28 indicates that US home buyers are experiencing the highest level of uncertainty since 2023, driven by rising interest rates.
Market Snapshot
European stocks expected to reach new highs in 2026.
A Reuters poll published on 2025-05-29 indicates that European stocks are expected to reach new highs in 2026, although trade tensions could moderate these expectations.
Italy stocks closed lower, down 0.05%.
On 2025-05-28, Investing.com reported that Italy's stocks closed lower, with the Investing.com Italy 40 index decreasing by 0.05%.
Morocco stocks closed lower, down 0.30%.
Investing.com reported on 2025-05-28 that Morocco stocks closed lower, with the Moroccan All Shares index down by 0.30%.
Commodity Watch
SQM profit missed estimates due to lithium prices.
Reuters reported on 2025-05-28 that Chile’s SQM missed profit estimates due to continued pressure on lithium prices.
Funding & Deals
Trump administration cancelled Sunnova’s $2.92B loan.
On 2025-05-28, news emerged that the Trump administration cancelled Sunnova’s $2.92 billion government loan guarantee.
ORIC Pharmaceuticals secures $125M in private placement.
Stock Insights
Barclays sets $70 price target for Equity LifeStyle.
Supply Chain
Airbus warns of prolonged delivery delays.
Reuters reported on 2025-05-28 that Airbus is warning of prolonged delivery delays due to ongoing supply-chain issues.