News
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Crypto exchange Bullish valued at nearly $13.2 billion in blowout NYSE debut
Aug 13 (Reuters) - Cryptocurrency exchange operator Bullish BLSH.N was valued at about $13.16 billion after its shares more than doubled in their NYSE debut on Wednesday, underscoring investor confidence in the sector and lifting prospects for future U.S. listings by other digital asset firms.Reuters
Thu, Aug 14
AMD Stock Rises 5% to 52-Week High. Mizuho Raised Its PT on AMD to $205 from $183 and Maintains Outperform Rating
Advanced Micro Devices stock rose 5.41% to a 52-week high. The stock, currently trading at $184.42 and commanding a market cap of $299.82 billion, has shown remarkable momentum with a 56% surge over the past six months. Mizuho has raised its price target on AMD to $205 from $183 while...Tiger News
Thu, Aug 14
Google clarifies non-custodial wallets not part of recent ban on unlicensed crypto exchanges and wallets
Google Play released a policy statement on Wednesday, requiring crypto exchange and wallet developers to register with regulatory agencies before it will list their apps on its platform. The company added that non-custodial wallets do not fall under the new policy.Fxstreet
Thu, Aug 14
UnitedHealth Stock Rises 4% as Investors Welcome Dividend Approval
UnitedHealth maintained its dividend policy. This was obviously a relief to worried investors.UnitedHealth stock was proving to be beneficial for investors' financial health on Hump Day. They were trading the big health insurance company's stock up by nearly 4% in late-session action, in no small...
Tiger News
Thu, Aug 14
Bitcoin hits new all-time high, blows past $123,200 as soft CPI fuels demand
Bitcoin reached a new all-time high on Wednesday, one month after establishing a similar record in July. The rally comes follows a soft Consumer Price Index (CPI) index print on Tuesday, which fueled hopes for a rate cut in the next Federal Open Market Committee (FOMC) meeting in September.
Fxstreet
Thu, Aug 14
Tencent Reports Robust Q2 with Double-Digit Gains in Revenue and Profit, Powered by Gaming and AI Investments
TradingKey - On August 13, Tencent Holdings released its financial report for the second quarter. The data showed a 15% year-on-year increase in revenue, reaching 184.5 billion yuan, and a 17% rise in net profit, totaling 55.6 billion yuan, both figures exceeding expectations.TradingKey
Wed, Aug 13
AI Startup Perplexity Makes Bold $34.5 Billion Bid for Google's Chrome Browser Amid Google's Antitrust Suit Loss
TradingKey - Perplexity, a rising star in the AI startup world, has made a bold $34.5 billion bid to acquire Google's Chrome browser. The proposal was submitted to Google on Tuesday morning, August 12. Earlier in April, another AI frontrunner, OpenAI, also expressed interest in purchasing Chrome.
TradingKey
Wed, Aug 13
Unprecedented Move: Nvidia and AMD Forced to Pay 15% of China Revenue for Export Rights
TradingKey - According to CNBC, the White House confirmed on the 12th that Nvidia and AMD have agreed to a special arrangement: they will pay 15% of their revenue from sales of certain chips in China to the U.S. government in exchange for export licenses.
TradingKey
Wed, Aug 13
S&P 500, Nasdaq futures at record highs on September rate cut expectations
Futures up: Dow 0.23%, S&P 500 0.17%, Nasdaq 0.23% Aug 13 (Reuters) - Futures tracking the S&P 500 and the Nasdaq indexes were pinned at record highs on Wednesday, buoyed by increasing confidence that the Federal Reserve could restart its monetary policy easing cycle next month.Signs that...Reuters
Wed, Aug 13
World shares hit record as rate hopes, inflation data buoy sentiment
LONDON/TOKYO, Aug 13 (Reuters) - Global share markets hit a record and the dollar was subdued on Wednesday, as investors cheered mild inflation data and signs of resilience in major economies, and expectations of a U.S. rate buoyed demand for riskier assets.Reuters
Wed, Aug 13
Shanghai stocks mark highest close in nearly four years on Fed rate-cut hopes
SHANGHAI/SINGAPORE, Aug 13 (Reuters) - Mainland China and Hong Kong stocks rose for the third straight session on Wednesday, with the Shanghai benchmark posting its highest close in nearly four years, as prospects of a Federal Reserve interest rate cut next month lifted investor sentiment.Reuters
Wed, Aug 13
Goldman Sachs Torpedoes Trump Tariff Theory; President Tells CEO "Be a DJ, Not Banker"
TradingKey - On August 12, local time, U.S. President Trump took to social media to criticize Goldman Sachs CEO David Solomon, stating that Solomon should "go find a new economist" and mockingly suggesting that he should "focus on being a DJ instead of running a large financial institution."TradingKey
Wed, Aug 13
Trump Again Slams Powell, Hints at Legal Action
TradingKey - On Tuesday (U.S. Eastern Time), the U.S. released its July CPI data: headline inflation rose 2.7% year-over-year, slightly below expectations, while core CPI climbed to 3.1%. The mixed report reinforced market bets on a September rate cut.TradingKey
Wed, Aug 13
CoreWeave Plunges 10% on AI Spend Woes; Lock-up Expiry Looms
TradingKey - Cloud services provider CoreWeave reported quarterly results on Tuesday, showing a net loss far exceeding analyst forecasts, sending shares tumbling 10% in after-hours trading amid the rapid adoption wave of artificial intelligence (AI) tools.TradingKey
Wed, Aug 13
July CPI: Inflation Story Changed But Not Over — Services Inflation Now More Problematic
TradingKey - While Trump administration officials have offered an optimistic interpretation of the relatively mild July CPI report, and capital markets have responded with record gains in risk assets, economists warn that the Federal Reserve’s battle against goods inflation is not fully over, andTradingKey
Wed, Aug 13
India PM Modi likely to meet Trump in US next month, newspaper reports
NEW DELHI, Aug 13 (Reuters) - Indian Prime Minister Narendra Modi is likely to meet President Donald Trump during a visit to the United States next month to attend the UN General Assembly meeting, the Indian Express newspaper reported on Wednesday, citing sources. India's foreign ministry did no...Reuters
Wed, Aug 13
Tariff-Inflation Skeptics Win? Trump and “Allies” Celebrate July CPI, Mock Goldman CEO
TradingKey - After the U.S. Bureau of Labor Statistics released the July CPI report showing overall inflation below expectations, U.S. President Donald Trump declared that it is now proven fact that "tariffs do not cause inflation." Treasury Secretary Scott Bessent, newly nominated Fed governorTradingKey
Wed, Aug 13
