News
Important Only
Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut (Sept 11)
By Ateev Bhandari and Arasu Kannagi Basil Sept 11 (Reuters) - Figure Technology FIGR.O was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday, adding to a run of strong first-day performances by crypto-linked firms as the digital-assets industry edges closer to ...Reuters
Fri, Sep 12
Russian central bank cautiously cuts key rate by 100 bps to 17%
Analysts had expected 200 bp cutRouble strengthens in responseCentral bank says inflationary expectations remain highCentral bank says fiscal normalisation has not materialised By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Sept 12 (Reuters) - The Russian central bank cut its key interest rate b...Reuters
Fri, Sep 12
Wall St on track for subdued open after rally, indexes set for weekly gains
Sept 12 (Reuters) - Wall Street futures pointed to a subdued open on Friday after the three main indexes scaled record highs in the previous session and were on track to log gains in a week of economic reports that solidified expectations for interest rate cuts.Reuters
Fri, Sep 12
China to discuss tariffs, export control and TikTok with U.S. in Spain
BEIJING, Sept 12 (Reuters) - China's Vice Premier He Lifeng will visit Spain and hold talks with U.S. delegation from September 14 to 17, China's commerce ministry said on Friday. The two sides will discuss economic and trade issues including U.S. tariffs, export control, and TikTok, it said...Reuters
Fri, Sep 12
Solana Season Gains Steam as Institutional Demand Surges, Pushing SOL DAT Stocks Higher
TradingKey - Amid strong buying momentum from crypto treasury companies and positive regulatory developments, Galaxy Digital and Bitwise have jointly declared the arrival of “Solana Season.” Solana’s price has surged, with SOL treasury stocks like Upexi and Forward Industries rising double digits in
TradingKey
Fri, Sep 12
Stocks firm on Fed rate cut bets, gold on a tear
LONDON/SYDNEY, Sept 12 (Reuters) - Global stocks were on track for a weekly gain on Friday as expectations for rapid-fire U.S. rate cuts promised to lower borrowing costs globally, a relief to stressed bond markets and a drag on the dollar.Reuters
Fri, Sep 12
London stocks set for weekly gains; investors assess key economic data
Sept 12 (Reuters) - London shares were mixed on Friday but were set for weekly gains as markets priced in the likelihood of an interest rate cut by the U.S. Federal Reserve next week, while investors also assessed key domestic economic data.Reuters
Fri, Sep 12
Godfather Meets Barbie? Paramount Skydance in Talks to Acquire Warner Bros., Reshaping Hollywood
TradingKey - The global entertainment industry and financial markets are closely watching a potential blockbuster consolidation: Paramount Skydance’s proposed acquisition of Warner Bros. Discovery (WBD). It sparks visions of cinematic universes colliding — from The Godfather meeting Harry Potter
TradingKey
Fri, Sep 12
Market Anticipates Fed Rate Cut Next Week as 10-Year Treasury Yield Dips Below 4% – Boom or Bust?
TradingKey - On Thursday, September 11, intraday trading saw the yield on the 10-year Treasury note briefly fall below 4%, marking a five-month low. This movement was prompted by the release of August CPI data indicating that inflation is under control, while initial jobless claims surged to a four-TradingKey
Fri, Sep 12
Big RPO, Bigger Risk: Why Oracle’s OpenAI Deal Isn’t the Slam Dunk It Seems
TradingKey - A wave of massive orders from clients like OpenAI has pushed Oracle’s Remaining Performance Obligations (RPO) to $455 billion, fueling a 36% stock surge — yet the rally quickly reversed. Wall Street is raising red flags: Can Oracle actually deliver? And can OpenAI afford to pay?
TradingKey
Fri, Sep 12
Alibaba and Baidu Soar on Adoption of Self-Developed Chips for AI Training
TradingKey - Reports have emerged that Chinese tech giants Alibaba and Baidu have started using self-designed chips to train AI models, partially replacing Nvidia's chips. Following this news, Alibaba's US-listed shares surged by 8% on Thursday, marking the biggest two-week gain, while its Hong Kong
TradingKey
Fri, Sep 12
OpenAI’s “Third Way”: Balancing Capital and Mission Through a Public-Benefit Corporate Model
TradingKey - On Thursday (U.S. Eastern Time), OpenAI announced it has reached a non-binding memorandum of understanding with its largest investor, Microsoft, to revise their partnership — marking a critical step toward transforming the company into a traditional for-profit entity.
TradingKey
Fri, Sep 12
Adobe Beats Earnings Across the Board — Why Did Shares Only Rise 2%?
TradingKey - On September 11 (U.S. Eastern Time), software giant Adobe（ADBE.US） released its fiscal third-quarter 2024 results, delivering strong beats on all key metrics. The stock initially surged 8% in after-hours trading, but quickly pared gains to close up just 2.77%, reflecting cautious market
TradingKey
Fri, Sep 12
SK Hynix Smashes HBM4 Performance Ceiling, Sending Stock to All-Time High
TradingKey - SK Hynix announced on Friday that it has completed the development of its fourth-generation High Bandwidth Memory (HBM4) and is fully prepared for mass production. The company's stock price surged as much as 7% intraday.TradingKey
Fri, Sep 12
Qatar PM to meet top US officials on Friday after Israeli attack in Doha
WASHINGTON, Sept 11 (Reuters) - Qatar's prime minister will meet top U.S. officials on Friday and is expected to discuss an Israeli attack in Qatar and the status of talks for a ceasefire in Gaza, which has been under a mounting Israeli assault.Reuters
Fri, Sep 12
Dollar on back foot as surging jobless claims firm up Fed rate cut views
SINGAPORE, Sept 12 (Reuters) - The dollar regained some strength but remained under pressure on Friday as a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond.Reuters
Fri, Sep 12
Tron recovery extends as retail demand surges despite revenue drop
Tron (TRX) price extends the uptrend by nearly 1% at press time on Friday, building on the 2.36% rise from the previous day on the back of rising retail demand. Both the technical outlook and derivatives data suggest a bullish incline as traders anticipate further recovery.
Fxstreet
Fri, Sep 12
