Esteban Ma
318 Articles
Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, mainly focusing on covering equities, cryptocurrencies and commodities. With two years of experience in crypto at Gate.io Research and three years in comprehensive finance, he specializes in cryptocurrency industry analysis and macroeconomic analysis.
He passed the Certificate of Security Qualification(CSQ) and Certificate of Futures Qualification(CFQ).
Written by Esteban Ma
Reviewed by Esteban Ma
Hong Kong’s Stablecoin Regime Launches August 1 — But “Stablecoin Stocks” Aren’t Celebrating Yet
TradingKey - As the Hong Kong Stablecoin Bill officially takes effect on August 1, market excitement has fizzled. Despite the landmark regulatory milestone, stablecoin-related stocks have underperformed — reflecting concerns that the licensing rollout is moving slower than expected, and that the
22 minutes ago
Palo Alto Networks Eyes $20B CyberArk Deal — Cybersecurity Consolidation Wave Accelerates
TradingKey - Following reports that Palo Alto Networks (PANW) is in advanced talks to acquire CyberArk (CYBR) for over $20 billion, shares of CyberArk surged 17% intraday, closing up 13.47% — a new all-time high. The potential deal underscores a growing consolidation trend in the cybersecurity secto
an hour ago
Fed’s Biggest Split in 30 Years: Three Camps Battle Over Rate Cuts as Bond Bulls Lose Confidence in September Easing
TradingKey - The Federal Reserve’s July FOMC meeting concludes on July 30, with markets widely expecting no rate cut and a first rate cut in September. But deep internal divisions among Fed policymakers are making Treasury investors hesitant, prompting bond bulls to scale back bullish positions
4 hours ago
What to Expect From Microsoft Q4 FY2025 Earnings: The King of AI Monetization — A $4 Trillion Market Cap Within Reach?
TradingKey - Cloud giant Microsoft (MSFT.US) will report its fiscal fourth-quarter 2025 earnings (calendar Q2) after the U.S. market close on July 30. Wall Street is bullish, expecting strong results from Azure cloud services and AI-driven growth to propel Microsoft’s market capitalization toward
5 hours ago
How to Assess the U.S.-EU Tariff Deal? A Relief for European Firms, But a Slap to EU Sovereignty
TradingKey - After the U.S. and European Union reached a trade agreement on a 15% tariff rate, the euro and European stocks initially rebounded. But as more political leaders and analysts began to recognize the deal as a forced concession by the EU, the euro plunged 1% on Monday, July 28 — its sharp
Tue, Jul 29
What to Expect From Meta Q2 Earnings: AI Push, Ad Strength — But Can Profitability Hold?
TradingKey - Meta Platforms (META), the parent company of Facebook, Instagram, and WhatsApp, will release its Q2 2025 earnings after the U.S. market close on Wednesday, July 30. After nine consecutive quarters of beating expectations, analysts expect another strong performance — driven by AI-powered
Tue, Jul 29
What to Expect from U.S.-China Talks in Sweden: 90-day Extension, No Japanese-Style Breakthrough
TradingKey - Trade delegations from China and the United States are currently holding talks in Stockholm, Sweden, in a bid to de-escalate their ongoing tariff dispute. After the first day of discussions, little information has been released — but markets are betting the most likely outcome is a
Tue, Jul 29
Figma IPO: Price Range Raised, Oversubscribed 30x — Set to Become the "Flagship" Software IPO
TradingKey - After adopting the rare auction-like IPO pricing mechanism, cloud-based design and collaboration platform Figma has drawn overwhelming investor demand — leading the company to raise its share price range from $25–$28 to $30–$32 and report over 30 times oversubscription.
Tue, Jul 29
Fed July Meeting Preview: Trade Deal Progress Undermines Hawkish Case — A Turning Point in Sight?
TradingKey - On Wednesday, July 30, the Federal Reserve will announce its latest FOMC rate decision. While no rate cut is expected, this could be the most contentious and pivotal meeting of 2025 so far, with growing signs that the central bank may be nearing a policy shift.
Mon, Jul 28
U.S.-EU Tariff Deal Boosts Euro and European Stock Futures while Analysts Aren’t Celebrating Yet
TradingKey - News of a U.S.-EU trade agreement on a 15% tariff rate lifted euro and European equity futures on Sunday, but analysts remain cautious. While the deal removes a major near-term risk, many warn that tariffs still pose a structural drag on long-term growth.
Mon, Jul 28
Will China-U.S. Meeting in Stockholm Offer Real Progress or Just Comfort?
TradingKey - Following the tariff agreements between the U.S. and Japan, as well as the U.S. and the EU, the third round of China-U.S. economic and trade negotiations in Stockholm has captured global attention. While some analysts suggest that this round of talks may not yield major breakthroughs
Mon, Jul 28
Three Key Similarities Between U.S.-Japan and U.S.-EU Trade Tariff Deals
TradingKey - Both U.S.-Japan and U.S.-EU agreements share three striking commonalities: a 15% base tariff rate, increased investment in the U.S. in exchange for lower tariffs, and unresolved details behind the headlines.
Mon, Jul 28
S&P 500 Poised for 16th Record High in 2025 — Is the Squeeze Turning Into a "Pump-and-Dump"?
TradingKey - Despite strong economic data and hopes for rate cuts, the sheer strength of the U.S. stock market rally remains puzzling — especially amid lingering tariff risks. Analysts warn that a powerful short squeeze is fueling speculative froth, and the risk of a market correction is rising.
Fri, Jul 25
Musk’s Bold Bet on Autonomous Rides: 4 Key Challenges Facing Tesla’s Robotaxi
TradingKey - Facing near-term business headwinds, Tesla CEO Elon Musk is pushing investors to focus on the company’s AI and autonomous driving vision. While Musk boldly claims that Robotaxi will serve half the U.S. population by the end of 2025, Wall Street analysts warn that the Robotaxi expansion
Fri, Jul 25
Musk Moves Fast to Rescue Tesla’s Earnings — Robotaxi to Expand to San Francisco This Weekend
TradingKey - After Tesla’s stock plunged nearly 8% following its weak Q2 2025 earnings report, CEO Elon Musk quickly countered with a major announcement: Tesla’s Robotaxi service will launch in San Francisco as early as this weekend.
Fri, Jul 25
Google’s Record Q2 Search Business: From Search Empire to AI Empire — A Defender Becomes the Attacker?
TradingKey - Global search giant Google (GOOG) has delivered a strong rebuttal to concerns that AI could disrupt search business. With a record-breaking second-quarter revenue, AI-driven search growth, and increased capital spending, Google is signaling that its “All in AI” strategy is no longer
Fri, Jul 25
American Airlines, Southwest Crash 10% as Economic Headwinds Hit Travel Demand — Bottom in Sight?
TradingKey - U.S. economic uncertainty is weighing on travel demand, pushing both American Airlines (AAL) and Southwest Airlines (LUV) to report declining profits in the second quarter. Despite leadership from both carriers signaling a potential turnaround ahead, shares of AAL and LUV plunged around
Thu, Jul 24
Ethereum’s Summer Rally Resumes — BitMine Targets 5% of ETH Supply as Stablecoin Adoption Adds Fuel
TradingKey - After a brief mid-week pullback, Ethereum (ETH) is regaining upward momentum, rebounding nearly 5% from its Thursday low of $3,500. BitMine has set an ambitious goal: to accumulate 5% of the total circulating supply of Ethereum, growing its position through strategic purchases
Thu, Jul 24
GPT-5 Set to Launch in Early August? OpenAI’s AGI Vision Might Take a Step Forward
TradingKey - According to a report by The Verge, the highly anticipated AI model ChatGPT-5 could be released as early as early August. OpenAI CEO Sam Altman has previously described GPT-5 as a system that integrates multiple technologies, and its launch could mark a significant step toward the
Thu, Jul 24
Tesla Q2 Earnings: Investors Sell Off as Stock Drops 9% — But Wall Street Sees a Buying Opportunity?
TradingKey - After Tesla released its Q2 2025 earnings, a clear divide emerged between investors and Wall Street analysts. Following CEO Elon Musk’s confirmation of negative impacts from Trump’s tariffs and his warning of “difficult quarters ahead,” Tesla’s stock plunged nearly 9% in early trading
Thu, Jul 24
