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Trump's World Liberty token falls in first day of trading
NEW YORK, Sept 1 (Reuters) - The digital tokens backing the Trump family's cryptocurrency venture, World Liberty Financial, fell in value on Monday in their first day of trading.The World Liberty tokens, known as $WLFI, were sold to investors after the Trump family and its business partners last...Reuters
Tue, Sep 2
Fed should be independent but has made mistakes, Treasury Secretary Bessent says
Bessent defends Trump's right to fire Cook over mortgage fraud allegationsBessent urges quick Senate confirmation of Stephen MiranBessent on market reaction to criticism of Fed: 'We haven't seen anything yet'By Jeff Mason and Andrea Shalal ARLINGTON, Virginia, Sept 1 (Reuters) - U...Reuters
Tue, Sep 2
Bessent expects Supreme Court to uphold legality of Trump's tariffs but eyes Plan B
Bessent says 1930 tariff law could be used if neededTreasury secretary plans to submit brief for solicitor generalUS appeals court on Friday ruled Trump's tariffs were illegalBy Andrea Shalal and Jeff Mason ARLINGTON, Virginia, Sept 1 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monda...Reuters
Tue, Sep 2
Bessent says Trump administration will tackle high housing costs with new measures
By Jeff Mason and Andrea Shalal ARLINGTON, Virginia, Sept 1 (Reuters) - President Donald Trump's administration plans new measures to tackle the high cost of housing in the coming weeks, U.S. Treasury Secretary Scott Bessent told Reuters in an interview on Monday. Emphasizing the urgen...Reuters
Tue, Sep 2
Oil settles higher on weaker dollar and Russian supply disruptions
Zelenskiy vows more strikes deep inside RussiaDollar weakens ahead of US labor market reportChina manufacturing activity expands in AugustOPEC+ due to meet on September 7By Shariq Khan NEW YORK, Sept 1 (Reuters) - Global benchmark Brent crude oil settled 1% higher on Monday, as concerns mount...Reuters
Mon, Sep 1
Trump’s Government Interventionism Takes Shape: A Fourth Industry in the Crosshairs?
TradingKey - Using Intel as a model, the Trump administration is shaping a new form of “state capitalism” — “subsidies for equity.” By examining cases like Intel, defense contractors, and Fannie Mae and Freddie Mac, experts are identifying the selection criteria behind Trump’s interventionist
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Mon, Sep 1
The Hidden Cost of U.S. Chipmaking Controls: Korean Memory Giants Pay the Price, Alibaba Grins
TradingKey - As Nvidia CEO Jensen Huang previously stated, the U.S. government’s years-long restrictions on exporting chips and advanced technology to China have proven ineffective. On Monday, shares of Samsung and SK Hynix plunged after being removed from the U.S. “Validated End-User” (VEU) list,
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Mon, Sep 1
PRECIOUS-Gold trades near record highs on US rate cut bets; silver at 14-year high
Fed's Daly reiterates support for rate cut, given labour market riskSilver gains more than 2% to breach $40 mark, highest since 2011Platinum up 1.9%By Ishaan Arora and Brijesh Patel Sept 1 (Reuters) - Gold hit a more-than-four-month high on Monday to trade around $30 shy of all-time highs, bu...Reuters
Mon, Sep 1
Deutsche Bank puts India retail banking business up for sale, sources say
NEW DELHI/FRANKFURT, Sept 1 (Reuters) - Deutsche Bank DBKGn.DE is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it the latest foreign bank to consider trimming its bets on India.Reuters
Mon, Sep 1
Yuan Appreciation Accelerates on Strong Fixing, but the Road Back to 6 Isn’t Smooth
TradingKey - Since late August, the Chinese yuan has entered a phase of rapid appreciation. Supported by a stronger CNY daily reference rate guidance, domestic policy stimulus, and a weakening U.S. dollar, the offshore yuan (CNH) hit a 2025 year-to-date high last week. Hedge funds and major
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Mon, Sep 1
"Stargate" Heads East? OpenAI Plans Mega AI Data Center in India
TradingKey - OpenAI plans to invest in building a hyperscale data center in India with a power capacity of at least 1 gigawatt (GW). This project will be part of its ambitious "Stargate" AI infrastructure initiative and, upon completion, is expected to rank among India's largest data centers.TradingKey
Mon, Sep 1
Precious Metals Climb as Silver Breaks $40 to Hit a 14-Year High; Markets Await Upcoming Non-Farm Payroll Data
TradingKey - On Monday, September 1st, silver prices surged past $40, marking the first time since 2011. At the time of writing, spot silver is trading at $40.63, up more than 2% on the day and over 40% year-to-date. Other precious metals like platinum and palladium also posted gains, with gold reac
Gold Soars to Four-Month High — Fed Independence Under Threat, Global Risk-Off Sentiment Surges
TradingKey - As of this report, gold prices are surging, with spot gold briefly touching $3,489 per ounce — the highest level since April 23. Silver has also broken through the $40 per ounce mark for the first time in over a decade.U.S. August Nonfarm Payrolls Set to Draw Attention as Broadcom and Lululemon Prepare to Report Earnings【The week ahead】
TradingKey - U.S. stocks closed at record highs last week, yet the three major indexes ended the period in negative territory. The S&P 500 declined 0.1% for the week, while both the Dow Jones Industrial Average and the Nasdaq Composite fell 0.19%.
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Mon, Sep 1
Hedge Funds Bet on Yen Breaking Out of August’s Range Weakness on External Risks
TradingKey - The Japanese yen has been confined to a narrow trading range throughout August, caught between the Bank of Japan’s rate hike prospects and concerns over Japan’s fiscal deficit. Now, with growing external disruptions — including shifts in U.S. monetary policy — hedge funds are increasing
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Mon, Sep 1
Alibaba's Hong Kong Shares Soar 18% as AI Computing Boom Fuels Cloud Revenue
TradingKey - Following Alibaba Group's nearly 13% surge in U.S. trading last Friday after exceeding earnings expectations, its Hong Kong-listed shares soared another 18% on Monday, refocusing global attention on the latest developments in Alibaba's AI business and its profound impact on the...TradingKey
Mon, Sep 1
