News
Important Only
Stocks struggle as Trump slaps new tariffs, Fed cut bets unwind
SINGAPORE, Sept 26 (Reuters) - Asia shares got off to a shaky start on Friday after U.S. President Donald Trump unveiled a fresh round of punishing tariffs and as traders pared bets of sharp U.S. rate cuts following stronger-than-expected economic data.Reuters
Fri, Sep 26
JPMorgan leads Asia’s ETF rush
Asset managers from New York to Seoul rush to launch products as Asia’s retail investors drive soaring demand for US tech stocks. Asia’s hunger for US tech stocks is rising, with retail investors from Taiwan and South Korea flooding into new ETFs. Leading the way is JPMorgan Asset Management.
Cryptopolitan
Fri, Sep 26
Oil set for biggest weekly gain in three months as Russia cuts fuel exports
Sept 26 (Reuters) - Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine's attacks on Russia's energy infrastructure push Moscow to restrict fuel exports and close to cutting crude output.
Reuters
Fri, Sep 26
Wall Street indexes finish lower, data raises uncertainty for rate-cut outlook
NEW YORK Sept 25 (Reuters) - U.S. stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.Reuters
Fri, Sep 26
Tesla urges Trump administration to keep vehicle emissions rules, climate finding
WASHINGTON, Sept 25 (Reuters) - Electric vehicle manufacturer Tesla TSLA.O urged the Trump administration not to repeal vehicle emissions standards or the long-standing U.S. finding that greenhouse gas emissions endanger human health.
Reuters
Fri, Sep 26
Meta in talks to use Google's Gemini to improve ad business, the Information reports
Sept 25 (Reuters) - Meta META.O staffers have had discussions with Alphabet's GOOGL.O Google Cloud about the possibility of using its Gemini models to improve the Facebook parent's ad business, the Information reported on Thursday.
Reuters
Fri, Sep 26
Ethereum’s Big Players In Retreat Mode, But Here’s Who Now Has More Market Share
With the broader crypto market sentiment still highly bearish, Ethereum’s ongoing decline has deepened as the second-largest digital asset pulls back toward the $4,100 price level. In the meantime, ETH key investors are beginning to exhibit waning confidence in the altcoin’s price action, which is iBitcoinist
Fri, Sep 26
Intel approaches TSMC for investments or partnership, WSJ reports
Sept 25 (Reuters) - Chipmaker Intel INTC.O has approached Taiwan Semiconductor Manufacturing Company 2330.TW about investments in manufacturing or partnerships, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Reuters
Fri, Sep 26
Costco tops quarterly estimates as Americans seek bargains amid inflation
Sept 25 - Costco Wholesale COST.O beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials.Reuters
Fri, Sep 26
American Lithium raises Peru project's investment by 22% to $847 million
AREQUIPA, Sept 25 (Reuters) - American Lithium LI.V has raised its planned investment for the Falchani lithium project in Peru by 22% to $847 million, an executive said on Thursday, as it relaunches the project following a favorable court ruling that ended a legal dispute over its concessions.Reuters
Fri, Sep 26
BlackRock has filed for a Bitcoin premium income ETF in Delaware to offer yield-focused crypto exposure
BlackRock has filed for a Bitcoin premium income ETF in Delaware. The application was submitted today. The goal is to launch a fund that pays investors income using premiums tied to Bitcoin.Cryptopolitan
Fri, Sep 26
Oil holds steady at multi-week high as Russia limits fuel exports, US GDP revised up
U.S. economic data tempers optimism for further Fed rate cutsOversupply concerns back in focus for fourth quarterRussia to introduce a partial ban on diesel exports until the end of the yearBy Nicole Jao NEW YORK, Sept 25 (Reuters) - Oil prices steadied on Thursday after hitting a seven-week ...Reuters
Thu, Sep 25
White House threatens sharp cuts in US workforce in shutdown standoff
Trump plans to fire federal workers if government funding stopsSenate Democrats demand funding bill reverse healthcare cutsLaw restricts spending during shutdown, except for critical functionsBy Bo Erickson, Courtney Rozen and Kanishka Singh WASHINGTON, Sept 25 (Reuters) - President Donald Trump&...Reuters
Thu, Sep 25
Starbucks closing stores, including iconic Seattle roastery, as CEO deepens restructuring
Overhaul hit flagship Seattle store, Chicago Ridge Avenue shopRestructuring to cost $1 billionN. America store count to drop by about 1% Job cuts to impact support teamsBy Juveria Tabassum and Waylon Cunningham Sept 25 (Reuters) - Starbucks SBUX.O said on Thursday it would close underperforming s...Reuters
Thu, Sep 25
Goldman Sachs downgrades copper supply forecast after Grasberg mine disruption
By Anmol Choubey Sept 25 (Reuters) - Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine.The incident, which occurred on September 8, trapped workers underground d...Reuters
Thu, Sep 25
