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South Korea companies to invest $150 billion in US, Yonhap says
SEOUL, Aug 26 (Reuters) - South Korean companies will invest around $150 billion in the United States, Yonhap news agency reported on Tuesday, citing Ryu Jin, chairman of the business group Federation of Korean Industries.Reuters
Tue, Aug 26
Oil eases after rising to two-week high on Russia-Ukraine supply concerns
By Anjana Anil Aug 26 (Reuters) - Oil prices edged down on Tuesday after surging nearly 2% in the previous session, as traders kept a close watch on developments in the Russia-Ukraine conflict for the potential impact on fuel supplies from the region.Brent crude futures LCOc1 fell 16 cents, or 0.
Reuters
Tue, Aug 26
Wall Street Ends Down; Tesla Gains 2%; Nvidia and Alphabet Rise 1%; Strategy and Coinbase Sink 4%
Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.Market SnapshotThe S&P 500 decTiger News
Tue, Aug 26
Trump wants to meet North Korea's Kim this year, he tells South Korea
North Korea's Kim has ignored call for Trump talksSouth Korea's President Lee met with Trump on trade, securityKorean Air to buy 103 Boeing aircraftBy Steve Holland, Hyunjoo Jin, David Brunnstrom and Trevor Hunnicutt WASHINGTON/SEOUL, Aug 25 (Reuters) - U.S. President Donald Trump said on...Reuters
Tue, Aug 26
WTI edges higher above $64.50 amid supply concerns, potential US Fed rate cut
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.60 during the early Asian trading hours on Tuesday. The WTI extends the rally due to a pause in negotiations for a peace deal between Russia and Ukraine. Traders await the American Petroleum Institute (API) weekly crudeFxstreet
Tue, Aug 26
Trump says he is removing Fed Governor Cook
WASHINGTON, Aug 25 (Reuters) - U.S. President Donald Trump said on Monday he was removing Federal Reserve Governor Lisa Cook from her position on the Fed's board of directors.Trump made the announcement in a letter to Cook that he posted on social media.Reuters
Tue, Aug 26
Databricks eyes over $100 billion valuation as investors back AI growth plans
Databricks' valuation set to rise 61% in new funding roundExisting investors Thrive Capital and a16z are set to double downDatabricks is one of the most valuable private companies By Pritam Biswas, Ateev Bhandari and Krystal Hu Aug 19 (Reuters) - Analytics firm Databricks said on Tuesday its ...Reuters
Mon, Aug 25
Orsted shares sink to record lows after US halts wind farm off Rhode Island
Orsted shares drop 17% after US halts wind farm projectOrsted's project was 80% complete Orsted plans $9.4 billion rights issue despite setbackDenmark's strained US relations may hinder diplomatic effortsGovernors criticize suspension, pledge to reverse orderBy Stine Jacobsen, Jacob Gronholt...Reuters
Mon, Aug 25
PDD's "Hard" Profits Defy Revenue Slowdown in Earnings Beat, Why Pre-Market Spike Turned Into Drop?
TradingKey - PDD released its Q2 2025 financial results on Monday, delivering overall performance better than expected. Despite a slight slowdown in revenue growth, the net profit decline narrowed significantly due to effective control of marketing expenses.
TradingKey
Mon, Aug 25
Wall Street Banks Clash with Crypto Firms: The Genius Act Leaves a Loophole for Interest-Bearing Stablecoins
TradingKey - As stablecoins enter the “interest-bearing era,” holders are excited to transition from “non-interest-bearing depositors” to beneficiaries sharing in the yield from underlying assets. Stablecoin issuers and crypto exchanges welcome this regulatory development, but traditional Wall
TradingKey
Mon, Aug 25
Brent's Premium to Mideast Crude Flips Negative on Trump Pressure Reshaping Oil Flows
TradingKey - According to Bloomberg's latest report, Brent crude futures—the global benchmark for oil pricing—briefly traded below the Middle Eastern benchmark Dubai crude, with the spread reaching negative 3 cents per barrel, marking the first time turning negative since April 2025.TradingKey
Mon, Aug 25
Figma draws 'neutral' ratings as Wall Street flags lofty valuation, rising competition
Aug 25 (Reuters) - Wall Street brokerages on Monday started their coverage of Figma FIG.N with neutral ratings, as they weighed the design software maker's lofty valuation amid stiff competition against its potential for artificial intelligence-driven growth.Reuters
Mon, Aug 25
Evergrande’s Delisting Marks an End, But China’s Property Stocks See a New Beginning on Shanghai Easing
TradingKey - On Monday, August 25, Chinese property stocks witnessed a dramatic day: Evergrande Group, once China’s largest real estate developer, was delisted from the Hong Kong stock exchange, while onshore property stocks surged on news of new easing measures in Shanghai’s housing market. Vanke sTradingKey
Mon, Aug 25
U.S. July PCE and GDP Data Due as Nvidia Earnings Take Center Stage【The week ahead】
TradingKey - Federal Reserve Chair Jerome Powell’s dovish hints on potential rate cuts sparked a market rally, sending all three major U.S. stock indexes higher last Friday. The Dow Jones Industrial Average closed at a record high, while the S&P 500 snapped a five-day losing streak.
TradingKey
Mon, Aug 25
Major brokerages pivot to Sept Fed rate cut on Powell's labor warning
By Rashika Singh Aug 24 (Reuters) - Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell's shift in tone at Jackson Hole toward rising risks in the labor market.Powell's re...Reuters
Mon, Aug 25
Powell’s Dovish Turn Fuels RMB Break Above 7 — The Ripple Effects Go Beyond the Yuan
TradingKey - Federal Reserve Chair Jerome Powell’s speech at the 2025 Jackson Hole symposium unexpectedly reassured markets about a September rate cut. Under the combined influence of domestic and external factors, calls for China’s yuan to appreciate beyond the 7-per-dollar level are growing louder
TradingKey
Mon, Aug 25
Intel Stock Jumps 3% Premarket After a 5.5% Rally in Prior Session as US Takes Nearly 10% Intel Stake
Intel stock jumped another 3% in premarket trading after a 5.5% rally in prior session.President Donald Trump sealed a deal that give the US government a nearly 10% stake in Intel Corp., part of an unconventional bid to reinvigorate the beleaguered company and boost domestic chip manufacturing.Under
Tiger News
Mon, Aug 25
Musk’s Dual-Track AI Strategy: Open-Sourcing Grok While Building an “Anti-Microsoft” Software Firm
TradingKey - On August 23 (U.S. Eastern Time), Elon Musk’s xAI officially announced the open-sourcing of its flagship model, Grok 2.5, releasing it on the Hugging Face platform — fulfilling its pledge to open-source older models upon launching new ones.
TradingKey
Mon, Aug 25
