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China's factory output, retail sales growth slump in blow to economy
China's factory output growth hits eight-month lowRetail sales also slump, highlighting demand woes at homeChina's 2025 GDP growth is forecast to cool to 4.6% By Kevin Yao, Joe Cash and Yukun Zhang BEIJING, Aug 15 (Reuters) - China's factory output growth slumped to an eight-month low...Reuters
Fri, Aug 15
Japan posts unexpectedly strong GDP, helped by resilient exports
Q2 GDP rises annualised 1.0% vs f'cast 0.4% increaseConsumption up 0.2%, capex up 1.3%Economists cautious about outlook as tariff impacts intensify By Makiko Yamazaki and Kantaro Komiya TOKYO, Aug 15 (Reuters) - Japan's economy grew much faster than expected in the second quarter as expo...Reuters
Fri, Aug 15
UnitedHealth’s Turnaround Story? Buffett and David Tepper Both “Buy the Dip” in Q2 on This Retail Favorite
TradingKey - A series of setbacks — executive turmoil, rising medical costs, and cyberattacks — have halved the stock price of UnitedHealth (UNH), the U.S. health insurance leader, in 2025. Yet Wall Street’s most legendary investors see a “buying opportunity”: In their Q2 13F filings, Berkshire
TradingKey
Fri, Aug 15
Wall Street ends flat, but S&P hits another closing high as rate-cut bets waver
NEW YORK, Aug 14 (Reuters) - Wall Street's main indexes were mixed on Thursday with S&P 500 edging up to a closing high, while the Dow Jones and Nasdaq were flat, after a hotter-than-expected producer prices report dampened expectations of potential interest-rate cuts.Reuters
Fri, Aug 15
Berkshire invests in UnitedHealth, trims Apple stake
Aug 14 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N disclosed on Thursday a new investment in UnitedHealth Group UNH.N after the insurer became a target for many Americans upset over the direction of the nation's healthcare.
Reuters
Fri, Aug 15
US FTC investigating Hims & Hers over advertising and cancellation practices, Bloomberg News reports
Aug 14 (Reuters) - The U.S. Federal Trade Commission is probing complaints about telehealth platform Hims & Hers HIMS.N regarding its advertising and cancellation practices, according to a Bloomberg News report citing people familiar with the matter.
Reuters
Fri, Aug 15
AI startup Cohere valued at $6.8 billion in latest fundraising, hires Meta exec
Aug 14 (Reuters) - Canadian AI startup Cohere was valued at $6.8 billion following its latest $500 million funding round, as it seeks to expand its market share in a highly competitive industry of selling AI to enterprises.Reuters
Fri, Aug 15
Applied Materials' forecast hit by China pause, export‑license woes; shares down 13%
Aug 14 (Reuters) - Applied Materials AMAT.O forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers facing uncertainty due to tariffs, sending its shares down nearly 13% in extended trading.
Reuters
Fri, Aug 15
WRAPUP 6-Trump says Putin ready to make deal on Ukraine, US hopes to include Zelenskiy
Trump says Putin is ready to make a deal on UkrainePutin praises US efforts to end war in UkraineRussian leader proposes nuclear arms deal with USUkrainian allies say Trump is willing to back its securityBy Nandita Bose, Dmitry Antonov and Olena Harmash WASHINGTON/MOSCOW/KYIV, Aug 14 (Reuters) - ...Reuters
Thu, Aug 14
US producer prices accelerate in July as costs of services and goods surge
BLS ends calculation of 350 indexes due to underfundingEconomists expect tariffs to drive up inflation soon WASHINGTON, Aug 14 (Reuters) - U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the monReuters
Thu, Aug 14
Double Reversal? U.S. PPI Soars Beyond Expectations — Is a Fed rate cut still a done deal?
TradingKey - On Wednesday morning (U.S. Eastern Time), the U.S. Bureau of Labor Statistics released the latest Producer Price Index (PPI) data: July PPI rose 3.3% year-over-year, far exceeding the expected 2.5% and marking the highest level since February.TradingKey
Thu, Aug 14
US Treasury's Bessent says rate cut could start at 25 basis points
WASHINGTON, Aug 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday said conditions now appear more favorable for an interest rate cut, and that the central bank could "start with 25 (basis points) and then accelerate." "The conditions now are slightly more favorable for a c...Reuters
Thu, Aug 14
Foxconn Q2 Profit Surges 27% as Server Earnings Surpass iPhone Assembly
TradingKey - Foxconn (also known as Hon Hai Precision Industry), the world's largest electronics contract manufacturer, released its second-quarter earnings report on August 14, revealing a 27% year-over-year rise in profit that exceeded expectations. For the first time, quarterly revenue from its cTradingKey
Thu, Aug 14
Foxconn sees robust AI demand as second-quarter profit tops forecast
Q2 net profit up 27% on-year, beating market forecastsFoxconn bullish on AI server demandWarns of challenge from tariffs, currency exchange rateBy Wen-Yee Lee and Faith Hung TAIPEI, Aug 14 (Reuters) - Foxconn on Thursday forecast a significant rise in third-quarter revenue as the world's bigg...Reuters
Thu, Aug 14
Fed's Daly says 50 basis point rate cut next month doesn't seem warranted, WSJ reports
Aug 14 (Reuters) - San Francisco Federal Reserve President Mary Daly has pushed back against the need for an interest rate cut of 50 basis points at the Federal Reserve's September meeting, the Wall Street Journal reported on Thursday.Reuters
Thu, Aug 14
Trump-fueled crypto frenzy sparks rush to Wall Street IPOs
By Manya Saini and Niket Nishant Aug 14 (Reuters) - After years of sitting on the sidelines, U.S. crypto companies are lining up to go public, buoyed by friendly policies under President Donald Trump's second administration that have pushed the value of global cryptocurrencies to a record $4...Reuters
Thu, Aug 14
