News
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Wall Street closes down as investors brace for Powell's speech
Aug 21 (Reuters) - Wall Street's main indexes fell on Thursday as investors feared potentially hawkish remarks by the Federal Reserve chair on Friday that could spark volatility, while big-box retailer Walmart's quarterly results dampened sentiment.Reuters
Fri, Aug 22
Ross Stores tops quarterly profit estimates as shoppers seek discount apparel
Aug 21 (Reuters) - Ross Stores ROST.O on Thursday topped quarterly profit estimates and reinstated its annual earnings forecast, betting on demand for discounted apparel and accessories as tariffs raise retail prices during the holiday season.Reuters
Fri, Aug 22
Trump administration not eyeing equity in companies that are increasing US investment, WSJ reports
Aug 21 (Reuters) - The Trump administration is considering taking equity stakes in companies receiving funds from the 2022 CHIPS Act but has no plans to seek shares in bigger semiconductor firms that are increasing their U.S. investments, the Wall Street Journal reported on Thursday...Reuters
Fri, Aug 22
Nvidia orders halt to H20 chip production after China directive, The Information says
Aug 21 (Reuters) - Nvidia NVDA.O has told some of its component suppliers to suspend production work related to H20, its AI chip tailor-made for the Chinese market, The Information reported on Thursday, citing two people with direct knowledge of the communications.
Reuters
Fri, Aug 22
US Sets EU Tariff Cap at 15%, Plans to Lower Auto Tariffs Within Weeks
TradingKey - In a joint statement issued on Thursday, the United States and the European Union detailed the framework trade agreement reached in late July. The U.S. reiterated its tariff cap of 15% on most EU goods and pledged to extend this rate to include automobiles and parts, with the reductionTradingKey
Thu, Aug 21
Fed's Schmid says no urgency to cut interest rates but more data to come
JACKSON, Wyoming, Aug 21 (Reuters) - Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank's 2% target and the labor market still in solid shape. "I think we're in a really good spot and I thin...Reuters
Thu, Aug 21
Walmart’s “Revenue Up, Profits Down” Alarm — Tariffs Bite Into Margins
TradingKey - Retail giant Walmart reported its second-quarter results for fiscal 2026 this week, delivering strong top-line growth but falling short on profitability — raising concerns about mounting cost pressures. As of this report, Walmart’s U.S. shares were down 3.5% in pre-market trading.
TradingKey
Thu, Aug 21
Boeing in talks to sell up to 500 jets to China, Bloomberg News reports
Aug 21 (Reuters) - Boeing BA.N is in talks to sell as many as 500 jets to China, Bloomberg News reported on Thursday, citing people familiar with the matter.Shares of the U.S. planemaker rose 2% before the market open as the potential order would be China's first major purchase of Boeing jets si...Reuters
Thu, Aug 21
CORRECTED-FOCUS-Battling unregulated vapes, Big Tobacco tries a new strategy: joining in
Big Tobacco has long argued unlicenced vapes are illegalWith sales under pressure, the industry is shifting its stanceBAT plans to pilot new vape, lacking required licenceCampaigners say plans unlawful and risk public health By Emma Rumney LONDON, Aug 21 (Reuters) - British American Tobacco BATS....Reuters
Thu, Aug 21
Intel Plans to Secure Additional Funding Through Discounted Share Placements Following $2 Billion SoftBank Investment, Shares Plummet Nearly 7%
TradingKey - Intel is reportedly in discussions with large investors to secure additional funding through a discounted share offering, according to sources familiar with the matter. On Wednesday, Intel's stock plummeted 6.99% to $23.54, a low not seen since August 13.
TradingKey
Thu, Aug 21
DeepSeek-V3.1 Released: What Are the Key Updates?
TradingKey - On the afternoon of August 21, 2025, Beijing time, DeepSeek officially launched the DeepSeek-V3.1 model. By adopting a new hybrid reasoning architecture and enhanced Agent capabilities, the model achieves significant performance improvements in tasks such as code repair and command-lineTradingKey
Thu, Aug 21
China Weighs Launch of Yuan-Backed Stablecoin, Adding New Option to Global Monetary System?
TradingKey - According to Reuters sources, China is considering permitting its first renminbi-backed stablecoin applications to promote broader global adoption of its currency—a potential major shift in its regulatory stance toward digital assets following the 2021 crackdown on cryptocurrency...TradingKey
Thu, Aug 21
Baidu Is Now China’s Cheapest Internet Stock — Q2 Ads Bleed and AI’s Second Curve Fails to Inspire
TradingKey - Despite double-digit growth in its AI-related businesses, Baidu (BIDU, 9888.HK), the first Chinese internet giant to embrace AI models, is now struggling with unclear AI growth prospects. Baidu’s Hong Kong-listed shares have become the lowest-valued among Chinese internet companies.
TradingKey
Thu, Aug 21
Federal Reserve’s July Meeting Minutes Spotlight Stablecoins — What Does It Really Signal?
On August 20, the Federal Reserve released the minutes from its July 29–30 meeting, and stablecoins were mentioned eight times, underscoring a growing institutional focus on this segment of the crypto ecosystem.TradingKey
Thu, Aug 21
Databricks Joins the $100 Billion Unicorn Club, Ranking Fifth Globally — Investors Now Demand IPO Clarity
TradingKey - Following the explosive IPO of Figma, capital markets are scrambling to find the next breakout tech company still in private hands. Databricks, the AI-powered data analytics firm, has emerged as a top contender after a new funding round pushed its valuation past $100 billion, turning
TradingKey
Thu, Aug 21
Trade War Sparks “Stockpiling Surge”? Analog Devices Posts Blowout Earnings — Is the Semiconductor Spring Here?
TradingKey - Chipmaker Analog Devices (ADI.US) reported its third-quarter 2025 financial results on Wednesday, delivering both revenue and earnings that surpassed market expectations. Fueled by strong demand in the industrial sector
TradingKey
Thu, Aug 21
Target Stock Plummets 11% on Leadership Shakeup
TradingKey - Target Corporation announced Michael Fiddelke, a 20-year veteran, will succeed Brian Cornell as CEO. Despite the retailer’s Q2 results exceeding expectations with revenue and same-store sales showing signs of recovery, the stock plummeted following the leadership change announcement...
TradingKey
Thu, Aug 21
OpenAI Breaks Silence on IPO with A New AI Monetization Path in Sight
TradingKey - OpenAI have publicly acknowledged the possibility of going public for the first time. Combined with the massive capital needs for building trillion-dollar-scale data centers and a record-breaking monthly revenue outlook, an IPO for the world’s leading AI company may be closer than ever.TradingKey
Thu, Aug 21
