Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the United States, Freddie Mac said. Thirty-year mortgage rates averaged 3.99% in the week ended May 30, down from 4.06% a week earlier and 4.56% a year ago, the mortgage finance agency said. The average 15-year mortgage rate fell to 3.46% from 3.51% the week before.It was 4.06% a year earlier.  Interest rates on five-year adjustable mortgages averaged 3.60%, down from 3.68% the prior week and 3.80% from the year before.

President Donald Trump said on Thursday the United States will impose a 5% tariff on all goods coming from Mexico starting on June 10 until illegal immigration across the southern border is stopped

Shares of AMD surged as high as 12% following after the announcement about upcoming chips that could take away market share from rival Intel. Several new third-generation Ryzen PC chips will be released in July that will use the company’s “Zen 2” core technology.Apparently, a new Radeon card performed better than a card from rival Nvidia. In the third quarter, new third-generation Epyc chips for servers that use the “Zen 2” core will follow. Analysts have changed the rating to outperform for AMD and believe that the company has significantly improved in 2019 and will further improve the next year.

Japan’s leading automaker Toyota Motor is contemplating to invest $550 million in Chinese ride-hailing giant Didi Chuxing.Previously, it has made large investments in other ride-hailing firms such as Uber and Grab as more and more traditional automakers are competing towards cutting edge technology when it comes to vehicles.

Shares of Dick’s Sporting Goods surged after the company reported quarterly earnings that beat forecasts and raised its full-year outlook.Climbing 18% over last year, the retailer’s stock was up 6.2% initially and was again 2.1% in premarket trading. Key highlights of the quarter include: net income of $57.5 million, or 61 cents per share versus $60.1 million or 59 cents a share a year earlier; increase in sales by 0.6% to $1.92 billion higher than expected $1.9 billion; expected adjusted full-year earnings of $3.20 to $3.40 up from previous range of $3.15 to $3.35; flat overall same-store sales compared to a drop of 2.5% a year earlier; and online sales increased by 15%. Dick’s same-store sales growth is expected to recover in the second quarter as it continues to elevate its product assortment with key brands such as YETI.

Tech giants, civil society groups and Ivy League security experts have condemned a proposal from Britain’s eavesdropping agency as a “serious threat” to digital security and fundamental human rights. In an open letter to GCHQ (Government Communications Headquarters), 47 signatories including Apple, Google and WhatsApp have jointly urged the U.K. cybersecurity agency to abandon its plans for a so-called “ghost protocol.”

Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be “very difficult” for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S. state.

On Thursday, McDonald’s will open a new flagship store in Times Square, expected to be its busiest in the U.S.

Although he believes that the company’s earnings could beat consensus estimates by two cents a share when it reports its results next month, he also seems to think that earnings will most likely fall short of consensus expectations going forward. The company has had its share of challenges in recent times.In January, it voluntarily recalled certain bags of its Gold Medal branded unbleached flour over salmonella concerns. However, there could be some potential tailwinds (atleast for the near-term).

They closed down 0.6% on Wednesday after hitting their lowest since March 12 at $56.88. Brent crude futures, the international benchmark for oil prices, were up 3 cents at $69.48 a barrel.crude inventories declined by 5.3 million barrels in the week to May 24 to 474.4 million, data from industry group the American Petroleum Institute showed.

The number of borrowers looking for a home loan fell to a one-month low, the Mortgage Bankers Association said. The Washington-based group’s seasonally adjusted measure on mortgage applications for home purchase and refinancing declined by 3.3% to 411.5 in the week ended May 24.This was the lowest level since the week of April 26.  “Concerns over European economic growth and ongoing uncertainty about a trade war with China were some of the main factors that kept mortgage rates low last week,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement.

Chinese tutoring company TAL Education Group (NYSE: TAL) has been trending higher since last October and a trend channel has formed that defines the various cycles within the overall trend.With the turn higher in the last few days, the indicators made a bullish crossover on May 28. The Tickeron AI Trend Prediction Engine generated a bullish signal for TAL on May 24 and the signal calls for a gain of at least 4% over the next month.

Production will begin in the Netherlands and start rolling out its plant-based meat substitutes by early 2020. Beyond’s stock, valued at $5 billion, has surged 241% since it went public at the beginning of May.After the conclusion of talks with Zandbergen, it will be Beyond’s first venture in Europe. According to analysts, 22% of Europeans are trying to reduce meat consumption and opting for ‘flexitarian’ diet that includes alternatives closely mimicking the actual taste and texture of meat. This partnership with Zandbergen means now it can make its vegan meat alternatives in the Netherlands at a new manufacturing facility.

Over the past couple of years, Amazon’s ad business has grown leaps and bounds and today Amazon is the third largest digital advertising company in the U.S. The majority of Amazon’s ad revenue growth comes from opening new ad inventory to make the most of the huge amount of traffic on its online marketplace.That is usually done through a hike in average ad prices so that its ad inventory does not get restricted. Even though there are other online platforms that offer ad products, sellers are most keen on advertising on Amazon than on other marketplaces like eBay (EBAY).

Made with plant-based meat substitutes, the Impossible Whopper is released in test markets and in some locations like St. Louis it has outperformed national foot traffic average by 18.5% in April which is 16.75% higher than the previous month’s average. This could offset Burger King’s declining same-store sales growth.Impossible Whopper has the potential to break that trend. Analysts believe that plant-based meat alternatives have the power to disrupt the meat category like plant-based milk drinks disrupted diary and energy drinks disrupted caffeinated beverages. Impossible Foods, the original inspiration for plant-based burgers, raised $300 million in its latest funding cycle.

Roku shares jumped around +4% Wednesday, following an increase in price target from Needham analyst Laura Martin. Martin raised her price target to $120 from $85 – reflecting a +28% upside from the stock's current level. She reiterated her Buy rating on the stock. Roku sells digital media players that allow customers to access Internet streamed video.

Canada Goose Holdings’ fiscal fourth quarter revenue fell short of analysts’ expectations, leading to the company’s shares falling -22% Wednesday. While the outdoor clothing maker’s revenue surged +25% year-over-year to C$156.2 million in the quarter, it still missed analysts' estimates of C$156.8 million. However, adjusted earnings of  9 Canadian cents a share surpassed analysts' estimates of 6 Canadian cents. For the full year, total revenue climbed +40.5% to C$830.5 million.According to Canada Goose, higher operating income and a lower effective tax rate contributed to the net income growth. Looking ahead into fiscal 2020, Canada Goose Holdings expects annual revenue growth of at least +20%.    

Abercrombie & Fitch shares took a -22% nosedive in early trading Wednesday, following disappointing same-store sale growth and the company’s plans to close more stores. The retail company’s same-store sales increased +1% during the fiscal first quarter, missing analysts’ estimates of +1.3%  (based on Refinitiv survey of analysts). However, the company’s total sales of $734 million exceeded analysts’ expectations of $733.4 million.The bottom line was also better compared to the year-ago quarter’s loss of -62 cents a share. Looking ahead, Abercrombie said that it projects second quarter net sales growth to be flat to up +2% - which is a lower range compared to analysts’ estimates of +2.8% growth.

As pressure mounts on McDonald’s to add a vegan burger to its line-up, CEO Steve Easterbrook compared the decision to its choice to start offering breakfast all day.

Crude oil prices tumble as China signals it could play the rare earths card in its trade war with the U.S., adding to concerns that an ongoing standoff could hurt crude demand; U.S. WTI -2.6% to $57.60/bbl, Brent -1.9% to $68.80/bbl.