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China cautions tech firms over Nvidia H20 AI chip purchases, sources say
Baidu, ByteDance, Tencent quizzed over their needs for H20 chip, sources sayChinese regulators say concerned over information risks - sourcesMove likely to complicate Nvidia efforts to boost China salesNvidia says H20 not military or government productU.S. lifted ban on H20 sale in China last month ...Reuters
Tue, Aug 12
Bullion markets breathe sigh of relief after Trump says gold will not face tariffs
Aug 11 (Reuters) - U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat."Gold will not be Tariffed!" Trump said i...Reuters
Tue, Aug 12
U.S. CPI Rises Slightly, Yet Markets Double Down on Rate Cut Bets: Decoding the Logic
TradingKey - On Thursday morning (U.S. Eastern Time), the U.S. Bureau of Labor Statistics released the July CPI report：Core CPI rose 3.1% year-over-year, the highest level in five months and above the 3.0% forecast.TradingKey
Tue, Aug 12
South Korea's Lee, Trump to hold August 25 summit on security alliance, economy
Lee prioritises navigating global trade changes due to Trump's tariffsSummit to discuss strategic alliance, manufacturing and technology partnershipTrump may seek more concessions on defence costs and corporate investmentsBy Jack Kim and Joyce Lee SEOUL, Aug 12 (Reuters) - South Korean Presid...Reuters
Tue, Aug 12
Former St. Louis Fed President Bullard: Will accept Fed chair job if we aim for low and stable inflation
In an interview with CNBC on Tuesday, Former St. Louis Federal Reserve Bank President James Bullard said that he spoke with US Treasury Secretary Scott Bessent last week, per Reuters.Fxstreet
Tue, Aug 12
Trade Desk Shares Plummet 38% Post-S&P 500 Debut; Cathie Wood Seizes Buying Opportunity
TradingKey - Following the release of its Q2 earnings on August 7, advertising tech company Trade Desk (TTD) saw its stock plunge by 38.6% the next day. Despite the dramatic fall, Cathie Wood of Ark Investment Management seized the opportunity to increase her holdings, purchasing over 725,000 shares
TradingKey
Tue, Aug 12
Shopee-owner Sea beats quarterly revenue estimates
Aug 12 (Reuters) - Shopee-owner Sea Ltd SE.N topped market estimates for quarterly revenue on Tuesday, powered by strong growth at its e-commerce business, while its financial services and entertainment segments also saw robust demand.
Reuters
Tue, Aug 12
Gold, bonds rise ahead of CPI release as Wall Street grows resilient to Trump
Wall Street traders on Tuesday moved past Donald Trump’s latest trade decision and turned their attention to fresh U.S. inflation data, according to data from CNBC. U.S. stock futures were mixed in early morning trade.
Cryptopolitan
Tue, Aug 12
Ethereum ETFs smash Bitcoin with $1 billion in a day
Ethereum (ETH) just pulled off a Wall Street milestone. On August 11, US spot Ethereum ETFs notched a record $1.019 billion in daily net inflows. The massive influx of ETH ETFs outperformed Bitcoin-linked ETFs with a huge margin, suggesting that investors are now going after the biggest altcoin.
Cryptopolitan
Tue, Aug 12
Stablecoin issuer Circle's revenue jumps in first results since blockbuster IPO
Aug 12 (Reuters) - Circle CRCL.N posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services.
Reuters
Tue, Aug 12
Trump Expands Fed Chair Search — Who Will Lead the Central Bank? Multiple Candidates Emerge
TradingKey - With current Federal Reserve Chair Jerome Powell’s term set to expire in May 2026, the Trump administration has begun broadening its search for a successor, formally launching a selection process for the next Fed chair.TradingKey
Tue, Aug 12
Shock Sale at Berkshire Hathaway: Longtime Supporter and Berkshire Director’s Firm Sells 30% of Holdings
TradingKey - As shares of Berkshire Hathaway, the company led by legendary investor Warren Buffett, retreated from recent highs, a notable move by one of its board members has raised concerns. Davis Selected Advisers, an investment firm affiliated with Chris Davis — a long-time supporter of Buffett
TradingKey
Tue, Aug 12
Intel Rallies Over 3% in Pre-Market — Is It Following Nvidia and AMD in Revenue-Sharing Talks with Trump?
On Tuesday, August 12, Intel Corporation (NASDAQ: INTC) extended its recent gains, rising 3.24% in pre-market trading to $21.35. This follows a 5% intraday surge on Monday, with the stock closing up 3.66%, driven by speculation surrounding a potential revenue-sharing agreement with the Trump admini
TradingKey
Tue, Aug 12
U.S. July CPI Report Looms — Will Bitcoin Hit a New High or Face a Pullback
On Tuesday, August 12, Bitcoin (BTC) failed to extend its recent rally, falling below the $120,000 mark. Over the past 24 hours, BTC dropped more than 2%, currently trading at $118,985, as investors brace for key macroeconomic data.
TradingKey
Tue, Aug 12
Intel CEO Lip-Bu Tan “Closes the Gap” with Trump — Government Support Could Be Key to Turnaround
TradingKey - Less than a week after U.S. President Donald Trump publicly criticized Intel CEO Lip-Bu Tan, calling him “highly conflicted” and demanding his immediate resignation, a meeting between the two appears to have shifted the narrative. The semiconductor giant’s CEO has used corporate diploma
TradingKey
Tue, Aug 12
Trump "Clarifies" Zero Gold Tariff Stance; Prices Suffer Biggest 3-Month Drop
TradingKey - On August 11, Trump posted a clear statement on his social media platform declaring "Gold will not be taxed," ending market concerns over potential gold tariffs and triggering a sharp price decline—the largest single-day drop in nearly three months.TradingKey
Tue, Aug 12
[US IPO] Bullish Sets $990M IPO Target in 58% Upsizing Bid; Next Crypto Blockbuster in Sights?
TradingKey - Crypto platform Bullish has significantly increased its planned initial public offering (IPO) funding from $629 million to $990 million—a 58% surge—driven by surging institutional investor demand and rebounding digital asset prices including Bitcoin.TradingKey
Tue, Aug 12
Australia cuts interest rates, signals more to come as inflation slows
RBA cuts rates by 25bp to 3.6%, third cut this yearBullock says forecasts centred on a few more cutsAustralian dollar slips 0.2%, bonds reverse earlier lossesBy Stella Qiu and Wayne Cole SYDNEY, Aug 12 (Reuters) - Australia's central bank cut interest rates on Tuesday for a third time this ye...Reuters
Tue, Aug 12
