News
Important Only
Walmart Plans to Maintain 2.1 Million Employees, Advance AI-Driven Workforce Restructuring
TradingKey - Walmart (WMT.US) CEO Doug McMillon recently stated: “AI will change every single job — that’s very clear. Maybe there are jobs in the world that AI won’t change, but I can’t think of any.”
TradingKey
Mon, Sep 29
Xiaomi 17 Breaks Sales Records, Yet Ming-Chi Kuo Remains Skeptical with Shipment Target Downgrade
TradingKey - On September 29, TF International Securities analyst Ming-Chi Kuo released a report downgrading the total shipment forecast for the Xiaomi 17 series by approximately 20% from its original target of 10 million units. Kuo warns that unless Xiaomi enhances its pricing strategy or marketingTradingKey
Mon, Sep 29
Buy and Sell: Energy Giant TotalEnergies Optimizes Its North American Portfolio
TradingKey - On September 29 (local time), global energy major TotalEnergies announced the sale of a 50% stake in its North American solar portfolio, generating total proceeds of approximately $950 million.
TradingKey
Mon, Sep 29
Is the Buffett Indicator Broken? Behind the 217% Reading: Valuation Reset or Bubble Inflation?
TradingKey - The so-called “Buffett Indicator” — the ratio of total U.S. stock market capitalization to gross domestic product (GDP) — is flashing a strong warning signal. It has now climbed to 217%, reaching an all-time high.TradingKey
Mon, Sep 29
The Battle for the Next Fed Chair: Waller Favored by Economists, Trump May Prefer Hassett
TradingKey - According to a new Financial Times survey, most economists favor Christopher Waller. However, Kevin Hassett appears more likely to be chosen as the next Fed chair by President Trump, given his strong alignment with 'MAGA' economic policies.TradingKey
Mon, Sep 29
September Nonfarm Payrolls in Focus.U.S. Government Braces for Another Shutdown
TradingKey - Recent U.S. economic data showed resilience, dampening market expectations for dovish rate cuts. As a result, all three major U.S. equity indexes posted weekly losses last week, though the pullback was limited, and September overall remains a strong month for stocks.
Musk's X 'deeply concerned' by Indian court order over content takedown, plans appeal
X says it will appeal to defend freedom of expressionIndia says new system tackles proliferation of unlawful contentJudge had said that 'liberty is yoked with responsibility' Sept 29 (Reuters) - Social media platform X said on Monday that it was "deeply concerned" by an Indian cou...Reuters
Mon, Sep 29
Vance says US considering Tomahawk missiles for Ukraine
By Steve HollandWASHINGTON, Sept 28 (Reuters) - The United States is considering Ukraine's request to obtain long-range Tomahawk missiles for its effort to push back against Russian invaders, Vice President JD Vance said on Sunday.Ukrainian President Volodymyr Zelenskiy has asked the United Stat...Reuters
Mon, Sep 29
Investors look past AI hype to long-term opportunities from government spending
MUMBAI, Sept 29 - Some of the world's biggest investors are looking beyond a boom in artificial intelligence to longer-term spending by governments tackling geopolitical, technological and demographic pressures set to reshape markets over the next few years.Reuters
Mon, Sep 29
Gold Surges Past $3,800 to Record High as Fed Rate Cuts Meet Government Shutdown Gray Rhino
TradingKey - After six consecutive weeks of gains, gold prices continue to climb, breaking through the psychological $3,800 per ounce barrier for the first time in history. The rally is being driven not only by expectations of Federal Reserve rate cuts and a weakening dollar, but also by mounting
South Korea scrambles to restore digital services after server fire
Fire causes major outages across online government systemsAbout 10% of affected services restored, ministry saysExperts criticise lack of backup By Heejin Kim and Heekyong Yang SEOUL, Sept 29 (Reuters) - South Korea brought back online on Monday less than a tenth of public services disrupted afte...Reuters
Mon, Sep 29
PRECIOUS-Gold vaults past $3,800/oz to record high as rate-cut hopes add luster
Sept 29 (Reuters) - Gold surged above $3,800 an ounce for the first time on Monday, driven by investor demand amid growing expectations of further interest rate cuts by the U.S. Federal Reserve this year, while a weaker dollar lent additional support to the precious metal.Spot gold XAU= gained 1.1%Reuters
Mon, Sep 29
South Korea and Japan call Trump’s billion-dollar funding demands unrealistic
President Donald Trump’s efforts to lock in substantial investment commitments from key Asian partners are encountering significant obstacles, with South Korea calling Washington’s demands unrealistic and a leading Japanese political figure raising the prospect of renegotiating their agreement. On SCryptopolitan
Mon, Sep 29
Shares rise in Asia; dollar dips as US government faces closure
SYDNEY, Sept 29 (Reuters) - Most share markets rose in Asia on Monday while the dollar eased as investors braced for a possible shutdown of the U.S. government, which would in turn delay publication of the September payrolls report and a raft of other key data.Reuters
Mon, Sep 29
Sony Financial Group shares soar 37% in trading debut, Japan's First Direct Listing in Two Decades
TradingKey - On September 29, Sony Financial Group made its official debut on the Tokyo Stock Exchange's main board, opening at 205 yen — 37% higher than the reference price of 150 yen — and briefly reaching a high of 210 yen during its first day of trading.TradingKey
Mon, Sep 29
Grasberg disaster highlights fragility of copper supply chain
LONDON, Sept 29 (Reuters) - The copper market is long accustomed to unexpected supply hits but the catastrophic events at Freeport-McMoRan's FCX.N Grasberg mine in Indonesia are unprecedented in terms of scale and potential impact.Reuters
Mon, Sep 29
