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Japan's Nikkei falls as August rally spurs profit taking
TOKYO, Aug 29 (Reuters) - Japan's Nikkei share average fell on Friday as August's rally invited profit taking on the final trading day of the month, while a stronger yen and some weak economic readings also weighed on sentiment.Reuters
Fri, Aug 29
Super-long JGB yields retreat on speculation of further issuance cuts
TOKYO, Aug 29 (Reuters) - The longest-dated Japanese government bond yields pulled back further from record highs on Friday following a report that the Ministry of Finance is considering further reducing issuance of such debt.Reuters
Fri, Aug 29
US low-value package tariff exemption ends, raising costs for shippers, consumers
WASHINGTON, Aug 29 (Reuters) - The U.S. tariff exemption for package shipments valued under $800 ended on Friday, raising costs and disrupting supply chain models for e-commerce companies, small businesses using online marketplaces and consumers alike...Reuters
Fri, Aug 29
The “No-Error Era” for AI Chip Stocks: Marvell Meets Expectations Yet Plunges 11%
TradingKey - Custom chip giant Marvell Technology (MRVL) reported its latest quarterly results:Q2 revenue hit a record $2.01 billion, up 58% year-over-year. Adjusted EPS of $0.67, in line with market expectations.
TradingKey
Fri, Aug 29
BREAKINGVIEWS-Chips-for-rare-earths is US-China circuit breaker
By Robyn Mak HONG KONG, Aug 29 (Reuters Breakingviews) - Which will last longer: China's stranglehold on critical minerals including rare earths, or the U.S.-led grip on advanced chips? The answer will help shape relations between Beijing and Washington for years to come.The world's two l...Reuters
Fri, Aug 29
Japan's output falls as US tariffs bite, inflation slows
Tokyo Aug core consumer prices up 2.5% yr/yr, matches forecastIndex less fresh food, fuel rises 3.0% yr/yr in AugustJuly factory output falls 1.6% on drop in auto productionRetail sales rise much less than expected in JulyData highlights dilemma for BOJ as it weighs rate-hike timingBy Leika Kihara a...Reuters
Fri, Aug 29
Chipmaker Marvell's weak data center forecast prompts AI investors to dump its stock
Outlook points to decline in custom chip business Shares down over 12% after-marketBy Juby Babu Aug 28 (Reuters) - Chipmaker Marvell Technology MRVL.O forecast quarterly revenue below market estimates on Thursday, disappointing investors who are accustomed to strong results from artificial intell...Reuters
Fri, Aug 29
S&P 500, Dow score record high closes as Nvidia results buttress AI rally
Weekly jobless claims fall; corporate profits rebound in Q2 Snowflake surges on AI-driven revenue forecastHP Inc gains on upbeat Q3 revenue S&P 500 +0.32%, Nasdaq +0.53%, Dow +0.16%By Noel Randewich Aug 28 (Reuters) - The S&P 500 and Dow Jones Industrial Average notched record high closes...
Reuters
Fri, Aug 29
Trump, Nvidia talks to allow advanced AI chip sales in China will take time, CEO says
Nvidia aims to capture $50-billion AI market in ChinaNvidia's Blackwell chip variant for China faces trade tensionsNvidia's potential China sales excluded from current-quarter forecast due to uncertaintyBy Alexandra Alper and David Shepardson WASHINGTON, Aug 28 (Reuters) - Discussions wit...Reuters
Fri, Aug 29
End of US low-value package tariff exemption is permanent, Trump officials say
WASHINGTON, Aug 28 (Reuters) - The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administReuters
Fri, Aug 29
Fed's Waller sees rate cuts over next 3-6 months, starting in September
Aug 28 (Reuters) - Federal Reserve Governor Christopher Waller on Thursday said he wants to start cutting U.S. interest rates next month and "fully expects" more rates cuts to follow to bring the Fed's policy rate closer to a neutral setting, stepping up his call to lower short-term borrowing costs.Reuters
Fri, Aug 29
Major stock jumps around crypto moves raise suspicions of insider activity
MEI Pharma’s stock jumped in mid-July. It wasn’t because of a new cancer drug. The company said it would buy $100 million of Litecoin for its cash reserves. After that, the share price went from $3 to almost $7. What was odd is that the stock had already risen in the days before the newsCryptopolitan
Thu, Aug 28
Oil settles higher as traders await Trump statement on Russia-Ukraine
Crude rises as traders await Trump statement on Russia-UkraineIndia oil imports from Russia set to rise in SeptemberRussian oil supplies through Druzhba pipeline restartBy Shariq Khan NEW YORK, Aug 28 (Reuters) - Oil prices settled higher on Thursday, bouncing off early losses after the White Hou...Reuters
Thu, Aug 28
Nasdaq set to open flat as Nvidia slips on China market uncertainty
Aug 28 (Reuters) - The tech-heavy Nasdaq was on track to open flat on Thursday, constrained by weakness in Nvidia shares, as uncertainty around the Sino-U.S. trade war forced the AI chip giant to leave out potential China sales from its quarterly forecast.Reuters
Thu, Aug 28
Fed Governor Cook sues Trump after he attempted to fire her
Aug 28 (Reuters) - Federal Reserve Governor Lisa Cook filed a lawsuit on Thursday claiming U.S. President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms for the U.S. central bank's independence.Reuters
Thu, Aug 28
Best Buy beats quarterly sales estimates
Aug 28 (Reuters) - Electronics retailer Best Buy BBY.N posted a surprise rise in second-quarter sales on Thursday, driven by strong online sales and a surge in demand for artificial intelligence-powered computers, mobile phones and other devices.
Reuters
Thu, Aug 28
Erosion of Fed independence would lead to higher inflation, ECB's Rehn says
HELSINKI, Aug 28 (Reuters) - U.S. President Donald Trump's escalating attacks on the Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, including higher inflation, ECB policymaker Olli Rehn said on Thursday.Reuters
Thu, Aug 28
