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CRO Surges Nearly 40% as Trump Media Launches $6.4B Crypto Treasury Focused on CRO Holdings
On Wednesday, August 27, the price of Cronos (CRO), the native token of Crypto.com, soared nearly 40%, jumping from $0.1533 to a high of $0.2124 — its strongest level since December 2024.
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Wed, Aug 27
US Commerce Department affirms anti-dumping duties against 10 countries
By Christian MartinezAug 26 (Reuters) - The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after investigations into corrosion-resistant steel products.The determinations cover $2.9 billion in imports from AustReuters
Wed, Aug 27
Bessent says US tariff revenue could be well over $500 billion a year
By David Lawder Aug 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.Bessent told a White Hou...Reuters
Wed, Aug 27
Fed's Cook to seek judicial decision to continue in her role, Fed says
By Howard Schneider and Ann Saphir Aug 26 (Reuters) - Federal Reserve Governor Lisa Cook, whose removal is being sought by President Donald Trump over allegations of misstatements on her mortgages, will seek court approval for her continued right to carry on in her role at the U.S. central bank,Reuters
Wed, Aug 27
US and Russian officials discussed energy deals alongside latest Ukraine peace talks
Discussions included whether Exxon Mobil would re-enter Sakhalin-1 projectTalks also covered Russia's possible purchase of US equipmentPossible deals were also discussed inside the White HouseBy Anna Hirtenstein and Marwa Rashad LONDON, Aug 26 (Reuters) - U.S. and Russian government officials...
Reuters
Wed, Aug 27
US Treasury yields, dollar fall as Trump strikes at Fed; US stocks up
Trump says he is firing Fed governor Lisa CookPresident's move fans concerns over Fed independenceUS stocks end with slight gainsBy Caroline Valetkevitch NEW YORK, Aug 26 (Reuters) - U.S. Treasury yields and the dollar eased on Tuesday as President Donald Trump's move to fire a central ba...
Reuters
Wed, Aug 27
Iran, Europeans meet in Geneva as sanctions threat looms
E3 say they plan to decide on 'snapback' of Iran sanctions this monthRussia, China propose UN Security Council extend nuclear deal for six months IAEA has not been to nuclear sites since US, Israel bombed themEuropean demands include resumption of UN nuclear inspectionsTehran's stock of ...Reuters
Tue, Aug 26
Fed Governor Cook will sue to keep her job as Trump mulls replacement
Trump says he has cause to remove her but will abide by any court rulingAnother open board seat could boost Trump's influence over FedMarket reaction to Trump's uprecedented move on Cook mutedFed meets next to set interest rates on September 16-17By Howard Schneider, Ann Saphir and Trevor Hu...Reuters
Tue, Aug 26
US STOCKS SNAPSHOT-Wall St opens subdued after Trump's latest attack on Fed
Aug 26 (Reuters) - Wall Street's main indexes opened slightly lower on Tuesday, pressured by a rise in longer-dated Treasury bond yields after U.S. President Donald Trump's decision to fire a Federal Reserve governor renewed concerns about the central bank's independence.The Dow Jones In...Reuters
Tue, Aug 26
Long U.S. Bonds Are Paying the Price on Firing Cook, Fueling the Biggest Curve Steepening in 3 Years
TradingKey - News that President Donald Trump is pushing to remove Federal Reserve Governor Lisa Cook has elevated concerns over Fed independence to a new high. Wall Street analysts are warning that a repeat of the “equities, bonds, and currency triple sell-off” seen in past political episodes couldTradingKey
Tue, Aug 26
US Commerce chief defends greater government role in US companies
WASHINGTON, Aug 26 (Reuters) - U.S. Commerce Secretary Howard Lutnick on Tuesday defended President Donald Trump's push for the federal government to take a greater role in U.S. companies, raising the possibility it could move into the defense industry."There's a monstrous discussion abo...Reuters
Tue, Aug 26
Apparel retailer Citi Trends jumps on raising full-year sales forecast
Aug 26 - Shares of apparel, accessories retailer Citi Trends CTRN.O up about 5% at $35.70 premarket ** Co raises FY 2025 same-store sales growth forecast to mid- to high-single digits vs. previous outlook of mid-single digit growthReuters
Tue, Aug 26
Indonesia says US agrees tariff exemption for its palm oil, cocoa and rubber
JAKARTA, Aug 26 (Reuters) - The United States has agreed in principle to exempt Indonesian exports of cocoa, palm oil and rubber from the 19% tariff imposed by President Donald Trump since August 7, Indonesia's top trade negotiator said on Tuesday.Reuters
Tue, Aug 26
Gold hits two-week peak after Trump says he is firing Fed governor
Aug 26 (Reuters) - Gold prices hit a more than two-week high on Tuesday after U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook, a move seen by many as eroding the central bank's independence and undermining confidence in U.S. assets.Reuters
Tue, Aug 26
MORNING BID AMERICAS-Nerves jangled by Fed 'firing'
LONDON, Aug 26 (Reuters) - What matters in U.S. and global markets todayWhile markets cheered Federal Reserve Chair Jerome Powell's apparent dovish tilt on interest rates last week, everything's gone flat today, and President Donald Trump’s claim to have fired Fed board member Lisa Cook isn’t helpiReuters
Tue, Aug 26
French stocks, bonds tumble as government faces potential collapse
LONDON, Aug 26 (Reuters) - The prospect that France's minority government could collapse soon triggered a sharp selloff in French stocks and bonds on Tuesday, pushing political risks from the euro zone's second biggest economy back to the forefront of investors' minds.Reuters
Tue, Aug 26
Japan’s 2026 Debt-Servicing Budget Hits Record High, Fueling a Bond Yield Spiral
TradingKey - To address rising "national debt service costs" caused by climbing Japanese government bond (JGB) yields, Japan’s Ministry of Finance is planning to request a record $220 billion for debt servicing in the 2026 fiscal year. Amid Bank of Japan rate hikes and concerns over fiscal deficits,
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Tue, Aug 26
Trump Launches Furniture Tariff Probe; Putting Pressure on Wayfair and Other Retailers
TradingKey - U.S. President Donald Trump announced via social media on August 22 the initiation of a 50-day "major tariff investigation" on imported furniture. The news triggered immediate stock declines for American furniture retail giants heavily reliant on imported supply chains.
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Tue, Aug 26
Is KDP’s JDE Peet’s Acquisition a Masterstroke or a Risky Gamble?
TradingKey - On Monday, August 25, U.S. beverage giant Keurig Dr Pepper (KDP) and JDE Peet’s, the parent company of Peet’s Coffee, announced a definitive agreement for KDP to acquire JDE Peet’s in an all-cash transaction valued at €15.7 billion. While KDP aims to create the world’s largest pure
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Tue, Aug 26
