News
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Laopu Gold Sinks 7.5% Despite Strong Results, Profit Taking Weighs
On August 21, Laopu Gold saw its stock price plunge 7.48% midday, garnering market attention. The previous day, the company released an impressive 2025 interim earnings report, showing substantial growth in both revenue and profit. Analysts believe that despite the company's strong fundamentals, theTiger News
Thu, Aug 21
Dollar drifts, Asian stocks mixed as markets brace for Jackson Hole
TOKYO, Aug 21 (Reuters) - The U.S. dollar hovered below a one-week high on Thursday and Asian stock markets were broadly mixed as investors braced for three days of potentially market-moving news from the Federal Reserve's annual symposium in Jackson Hole.Reuters
Thu, Aug 21
Cook Mortgage Fraud Allegations Escalate — Will the 2025 Jackson Hole Symposium Become a Battle for Central Bank Independence?
TradingKey - After months of pressuring Federal Reserve Chair Jerome Powell to cut rates with limited success, the Trump administration has now turned its focus to Fed Governor Lisa Cook, reportedly seeking her removal over allegations of mortgage fraud. The move has intensified concerns over theTradingKey
Thu, Aug 21
Taiwan's 2026 defence spending to exceed 3% of GDP, Central News Agency reports
TAIPEI, Aug 21 (Reuters) - Taiwan's cabinet will propose defence spending of T$949.5 billion ($31.27 billion) for next year, accounting for 3.32% of gross domestic product, the official Central News Agency reported on Thursday.The budget includes funding for the coast guard, veterans and special...Reuters
Thu, Aug 21
Nasdaq, S&P 500 end lower as investors sell tech, buy less pricey sectors
Aug 20 (Reuters) - The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.Reuters
Thu, Aug 21
Trump buys more than $100 million in bonds since inauguration, disclosure shows
WASHINGTON, Aug 20 (Reuters) - U.S. President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, according to new disclosures which shed further light on the vast holdings of America’s billionaire president.Reuters
Thu, Aug 21
China considering yuan-backed stablecoins to boost global currency usage, sources say
Aug 20 (Reuters) - China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.Reuters
Thu, Aug 21
Coinbase bets everything on stablecoins becoming the backbone of AI-driven payments
Coinbase has decided that stablecoins are now the center of everything. The company is banking on these digital dollars to become the financial engine behind AI-powered apps, bots, and machines. And it’s already started pushing that future.Cryptopolitan
Thu, Aug 21
Russia says talks on Ukraine's security without Moscow are a 'road to nowhere'
Foreign Minister Lavrov raps 'clumsy' European lobbying of TrumpComments highlight Russia's demand for direct engagementPoland accuses Russia of provocation after object lands in fieldRussia sees 2022 draft as model for security guaranteesWork under way on military component of guarantee...Reuters
Wed, Aug 20
Target stock slumps after retailer names insider Fiddelke to CEO role
COO Michael Fiddelke to succeed long-time CEO Brian CornellTarget's Q2 net sales hit $25.2 billion, keeps annual forecasts intactStock has slumped amid sales struggles, DEI policy backlashFiddelke aims to improve merchandise quality, shopper experience, tech integrationBy Siddharth Cavale and Ju...Reuters
Wed, Aug 20
Estee Lauder forecasts profit below estimates, warns of $100 million tariff hit
Organic net sales fall 13% in Q4, hurt by weakness in skincare and makeup segmentsQuarterly loss widens to $546 million due to impairment chargesEstee Lauder plans to expand duty-free presence in Americas, CFO saysShares fall about 4%By Anuja Bharat Mistry, Anshi Sancheti and Samantha Marshak Aug...Reuters
Wed, Aug 20
Trump Ally Launches Attack — Fed Governor Lisa Cook Accused of “Dual Home Loan Fraud”?
TradingKey - Bill Pulte, Director of the Federal Housing Finance Agency (FHFA) and a Trump ally, has formally written to Attorney General Pam Bondi urging a criminal investigation into Federal Reserve Governor Lisa Cook over two mortgage transactions. Following the newsTradingKey
Wed, Aug 20
US President Trump calls on Fed Governor Cook to resign
In a post published on Truth Social on Wednesday, United States (US) President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, providing a link to a Bloomberg article that is titled "Trump Ally Calls on Bondi to Probe Fed’s Cook Over Mortgages." "The director of the Federal HousFxstreet
Wed, Aug 20
Japan's July Exports Record Biggest Drop in Four Years; Exports to the US Decline for Fourth Consecutive Month
TradingKey - On Wednesday, August 20, Japan's Ministry of Finance released trade data showing that July exports fell by a larger-than-expected 2.6% year-on-year, marking the steepest decline since February 2021. Notably, exports to the US fell for the fourth consecutive month with a 10.1% year-on-yeTradingKey
Wed, Aug 20
Nasdaq suffers sharpest drop since August as AI optimism fades
US technology shares slid on Tuesday in New York trading as fresh doubts about the boom in artificial intelligence rippled through 2025’s biggest winners, pushing the Nasdaq Composite to its sharpest one-day fall since August 1 and dragging broader equities lower.Cryptopolitan
Wed, Aug 20
