News
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White House adviser Hassett cites enormous progress on China-US trade talks
WASHINGTON, Sept 25 (Reuters) - White House economic adviser Kevin Hassett on Thursday said the U.S. has made enormous progress on trade talks with China in the last few months but there is still work to do.Reuters
Thu, Sep 25
Amazon's grocery ambitions stumble in Britain
Amazon opened first store outside US in UK in 2021Said this week it would close all Amazon Fresh stores in UKTo focus on online deliveryBy James Davey LONDON, Sept 25 (Reuters) - When Amazon AMZN.O opened its first grocery store outside the United States in 2021, its choice of a site in west Lond
Reuters
Thu, Sep 25
Swiss National Bank keeps interest rate at zero, sees tariff hit to economy
SNB says Trump tariffs will hit Swiss economyCentral bank holds rates for first time in seven meetingsInflation has recently crept back into target rangeSNB chairman says prepared to cut rates again if neededBy John Revill ZURICH, Sept 25 (Reuters) - The Swiss National Bank held its benchmark int...Reuters
Thu, Sep 25
Xiaomi's Lei Jun: Xiaomi 17 Standard Edition Offers Major Upgrades Without Price Increase
Xiaomi Corp. is set to launch its latest flagship smartphone, the Mi 17 series, along with new tablets and high-end smart home products at an event this evening, where founder and CEO Lei Jun will deliver his annual keynote.Lei confirmed on social media that the combined speech and product launch wiTiger News
Thu, Sep 25
Fed's Miran says US economy vulnerable to shocks due to tight policy, unfounded inflation concerns, report says
WASHINGTON, Sept 25 (Reuters) - The U.S. economy is more vulnerable to shocks right now due to high interest rates based on unfounded inflation concerns among Federal Reserve policymakers, Fed Governor Stephen Miran said on Fox Business' Mornings with Maria program.Miran said the policy rate sho...Reuters
Thu, Sep 25
Earnings and Guidance Exceed Expectations, Yet Micron's Stock Falls: Are Market Expectations Too High?
TradingKey - On Wednesday, September 24th, Micron's stock dropped 2.8% and continued to fall pre-market on Thursday, despite reporting earnings and guidance that surpassed expectations. Why did Micron's stock decline after such positive results?
TradingKey
Thu, Sep 25
CORRECTED-ANALYSIS-'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market
Robo-advisory market projected to grow 600% by 2029 Half of retail investors open to using AI tools, survey findsChatGPT used by 13% of retail investors for stock selection An AI-selected stock basket outperformed UK's top fundsBy Joice AlvesLONDON, Sept 25 (Reuters) - As ChatGPT nears its third...Reuters
Thu, Sep 25
H&M profit jumps as brand-boosting strategy starts to pay off
Profit beats expectations due to successful autumn collectionsNew CEO since 2024 has been targeting trendier collectionsFashion retailers face challenges from Trump's tariffs Shares up 10% in morning tradingBy Greta Rosen Fondahn and Helen Reid STOCKHOLM, Sept 25 (Reuters) - Swedish fashio...Reuters
Thu, Sep 25
Quant Giant Jane Street Takes Stake in Opendoor — Shares Surge Over 10% Pre-Market
TradingKey - Quantitative trading firm Jane Street disclosed in a regulatory filing on Wednesday that it holds a total of 44,031,310 shares of Opendoor (OPEN.US), representing 5.9% of the company’s outstanding common stock. Following the news, Opendoor’s shares surged more than 10% in pre-market tra
TradingKey
Thu, Sep 25
Singapore hangs fine threats over Meta to fight Facebook scams
The Singapore government has instructed Facebook’s parent company, Meta Platforms, to improve its actions in fighting online scams on its social media platform. Meta has until September 30 to comply or face hefty financial penalties.
Cryptopolitan
Thu, Sep 25
After 20-Year Wait, China's Chery Auto Jumps Over 12% in Hong Kong Market Debut
TradingKey - On September 25, Chinese automaker Chery Automobile officially listed on the Hong Kong Stock Exchange, marking a historic milestone for one of China’s “last remaining unlisted major car manufacturers” as it finally fulfilled its long-standing ambition to access the capital markets.TradingKey
Thu, Sep 25
Trump’s Low-Oil-Promise Splits U.S. Energy Sector: Shale Break-Even at $60, Survival Line at $40
TradingKey - The Trump administration’s pledge to boost U.S. crude output and lower oil prices is drawing fierce backlash from American shale producers. WTI crude has fallen 18% from its January peak and is now approaching the industry’s widely recognized break-even level of $60 per barrel, with
TradingKey
Thu, Sep 25
Apple pushes EU to repeal tech rules over feature delays, app vulnerabilities
Apple says EU's Digital Markets Act delaying features, raising user risksApple says it may not be able to meet every DMA demand Urges regulators to reassess how law affects EU consumersBy Mrinmay Dey and Gnaneshwar Rajan Sept 25 (Reuters) - Apple AAPL.O urged the European Union on Wednesday t...Reuters
Thu, Sep 25
Copper Market Deficit Widens! World’s No. 2 Copper Mine Halts Production, Freeport Shares Plunge Nearly 17%
TradingKey - Freeport-McMoRan, operator of the world’s second-largest copper mine, declared a state of “force majeure” at its Grasberg mine in Indonesia on Wednesday (U.S. Eastern Time), following a deadly landslide that caused casualties.
TradingKey
Thu, Sep 25
Tesla Poised for a Q3 “Delivery & Stock Price” Double Win as Wall Street Turns Bullish
TradingKey - Whether measured by stock price or vehicle deliveries, Tesla is staging a strong comeback in the third quarter — a sharp reversal from its earlier struggles this year. Following Goldman Sachs, both UBS and Wolfe Research have now raised their Q3 delivery forecasts.
TradingKey
Thu, Sep 25
