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Asian shares ride Fed easing hopes to record highs
SYDNEY, Sept 12 (Reuters) - Asian share markets followed Wall Street higher 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
Six Seats + Extended Wheelbase: Tesla Taps China-First Design to Unlock New Growth Curve
TradingKey - Tesla’s extended-wheelbase, six-seat SUV — the Model Y L, launched in China, has seen surging demand since its release. Orders for October have already sold out, and new buyers are now expected to receive their vehicles no earlier than November 2025.
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Fri, Sep 12
Alibaba, Baidu begin using own chips to train AI models, The Information reports
Sept 11 (Reuters) - China's Alibaba BABA.N 9988.HK and Baidu BIDU.O 9888.HK have started using internally designed chips to train their AI models, partly replacing those made by Nvidia NVDA.O, The Information reported on Thursday, citing four people with direct knowledge of the matter.Alibaba ha...
Reuters
Fri, Sep 12
US, Japan reaffirm FX rates should be 'market determined'
TOKYO, Sept 12 (Reuters) - The United States and Japan reaffirmed that exchange rates should be "market determined" and that excess volatility and disorderly moves in exchange rates were undesirable, according to a joint statement released by the countries on Friday."As trusted partners,...Reuters
Fri, Sep 12
Ten-year yield edges below 4% after reassuring CPI, jobless claims jump
August Consumer Price Index rose 0.4% after July's 0.2% riseRate future pricing reflects bets on three straight Fed rate cutsBy Alden Bentley NEW YORK, Sept 11 (Reuters) - The yield on the benchmark 10-year Treasury note dipped below 4% to a five-month low on Thursday after consumer prices da...Reuters
Fri, Sep 12
Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure
By Krystal Hu and Stephen Nellis Sept 11 (Reuters) - Microsoft MSFT.O and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partner
Reuters
Fri, Sep 12
Bessent, Chinese vice premier to meet in Madrid next week on trade, TikTok
WASHINGTON, Sept 11 (Reuters) - U.S. Treasury Secretary Scott Bessent plans to with Chinese Vice Premier He Lifeng and other senior officials next week in Madrid to continue their discussions on trade, economic and national security issues, the Treasury said on Thursday.The meetings, which will alsoReuters
Fri, Sep 12
Wall St Indexes Post Record-High Closes; Opendoor Soared 80%; Warner Bros Surged 29%; Micron Up 8%; Tesla Up 6%
Wall Street's main indexes notched record-high closes on Thursday following gains in Tesla and Micron Technology, while U.S. inflation and jobless data fueled expectations that the Federal Reserve will cut interest rates this month.Market SnapshotThe S&P 500 climbed 0.85% to end the session at 6,587Tiger News
Fri, Sep 12
ECB holds rates unchanged, still 'in a good place'
Deposit rate unchanged at 2% as expectedMarket starting to price out last rate cutDebate over more easing to simmer for monthsEconomy holding up but tariffs impact not yet fully feltBy Balazs Koranyi and Francesco Canepa FRANKFURT, Sept 11 (Reuters) - The European Central Bank left interest rates...Reuters
Thu, Sep 11
Alibaba or Meituan? Morgan Stanley and JPMorgan Signal the Winner in Local Services
TradingKey - Alibaba recently re-entered the offline store business with its “Street Stars”, surpassing Dianping’s daily user scale on its first day — catching Meituan off guard in its core domain. International investment banks Morgan Stanley and JPMorgan have both concluded that Alibaba’s latestTradingKey
Thu, Sep 11
Wall St set for muted open as inflation data keeps September rate cut bets firm
Sept 11 (Reuters) - Wall Street's main indexes were set for a subdued open on Thursday after the latest inflation reading kept the U.S. central bank on track to deliver an interest rate cut later this month.U.S. consumer prices rose more than expected in August and the annual increase in inflationReuters
Thu, Sep 11
U.S. August CPI Meets Expectations at 2.9%, 10-Year Treasury Yield Drops Below 4%
TradingKey - The U.S. August Consumer Price Index (CPI) posted its largest year-on-year gain in seven months, but the reading was broadly in line with expectations. Combined with recent surprisingly weak employment data, a 25-basis-point rate cut by the Federal Reserve in September is now all butTradingKey
Thu, Sep 11
Euro dips after ECB rate decision, stocks and bonds steady
Sept 11 (Reuters) - The euro dipped a touch, while euro zone bond yields stayed steady, and European stocks held higher after the European Central Bank held rates steady at 2% as expected, but slightly reduced its longer-term growth and inflation forecasts.Reuters
Thu, Sep 11
Pre-Bell｜U.S. Futures Rise; Tesla Gains 1%; Oracle and NIO Rally 2%; CoreWeave and Alibaba Jump 3%; Opendoor Soars 36%
U.S. stock futures rose on Thursday as investors preferred to stay on the sidelines ahead of crucial inflation numbers that are likely to influence the Federal Reserve's monetary policy path.Tiger News
Thu, Sep 11
London stocks rise as investors assess corporate earnings, await US inflation data
Sept 11 (Reuters) - London stocks rose on Thursday, boosted by industrials and energy stocks, while investors assessed corporate earnings and awaited a key inflation report from the U.S. due later in the day.Reuters
Thu, Sep 11
Oracle marches toward $1 trillion club; tech stocks cheer
Sept 11 (Reuters) - Oracle's ORCL.N shares rose on Thursday, adding to a record run in the previous session and lifting stocks across the tech sector, as the company inches closer to the coveted trillion-dollar club on soaring gains from its AI cloud business.
Reuters
Thu, Sep 11
Euro zone government bond yields edge up before ECB, US inflation data
Sept 11 (Reuters) - Euro zone government bond yields edged higher on Thursday as investors stayed cautious ahead of the European Central Bank’s policy decision and key U.S. economic data due later in the session.Reuters
Thu, Sep 11
Figure IPO Set to Launch: Can the First RWA Stock Spark a Broader IPO Revival?
TradingKey - Blockchain lending platform Figure Technologies is set to go public on the Nasdaq this Thursday, September 11, potentially earning the title of “the first RWA (Real-World Assets) stock” thanks to its blockchain-based loan services. Just days before its IPO, Figure increased both its
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Thu, Sep 11
