News
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Shares edge up in Asia, US inflation data looms large
SYDNEY, Aug 11 (Reuters) - Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in the tech sector, while a crucial report on U.S. inflation would likely set the course of the dollar and bonds.Reuters
Mon, Aug 11
Investor Bill Ackman proposes combining Fannie Mae and Freddie Mac
Aug 10 (Reuters) - Billionaire investor Bill Ackman in an X post on Sunday suggested merging U.S. government-sponsored enterprises Fannie Mae and Freddie Mac, saying the move would help reduce mortgage rates and achieve huge synergies both in their operations and in the trading price.Reuters
Mon, Aug 11
Wall St Week Ahead-Inflation data to test stocks as some investors brace for rally to pause
NEW YORK, Aug 8 (Reuters) - A fresh look at inflation trends will test the U.S. stock market's rally in the coming week, with some investors saying equities are primed for a potential pullback after rocketing to records.Reuters
Mon, Aug 11
SoftBank selects banks for US IPO of payments app PayPay, sources say
Aug 10 (Reuters) - SoftBank 9984.T has selected investment banks to help organize a potential initial public offering in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter.Reuters
Mon, Aug 11
Fed’s Bowman: Latest jobs data stiffens support for three rate cuts this year
Federal Reserve (Fed) Governor Michelle Bowman said on Saturday that the latest weak labor market data underscores her concerns about labor market fragility and strengthens her confidence in her own forecast that three interest rate cuts will likely be appropriate this year.Fxstreet
Mon, Aug 11
China's July factory-gate prices miss forecast, deflation concerns persist
BEIJING, Aug 9 (Reuters) - China's producer prices fell more than expected in July, while consumer prices were unchanged, underscoring the impact of sluggish domestic demand and persistent trade uncertainty on consumer and business sentiment.Reuters
Mon, Aug 11
Stephen Miran Nominated as New Fed Governor; JPMorgan Predicts Four Rate Cuts Starting September
TradingKey - On Thursday, following the announcement of Stephen Miran's appointment as an interim member of the Federal Reserve's Board of Governors, JPMorgan released a report forecasting that the Fed will implement a series of four consecutive rate cuts, each by 25 basis points, beginning in SepteTradingKey
Fri, Aug 8
Musk Orders Dojo Team Disbanded, Marking a Strategic Shift in Tesla’s AI Ambitions
TradingKey - Tesla is undergoing a major shake-up in its AI strategy. Multiple media outlets, citing people familiar with the matter, report that Elon Musk has ordered the shutdown of the company’s in-house Dojo supercomputer project. Peter Bannon
TradingKey
Fri, Aug 8
Dollar firms but on track for weekly loss after Trump's Fed governor pick
Dollar firms slightly versus peersWeighed down this week by rate cut bets, Trump's Fed pick Traders pricing in two US rate cuts this year Pound boosted by narrow BoE vote to cut ratesBy Jaspreet Kalra and Lucy Raitano SINGAPORE/LONDON, Aug 8 (Reuters) - The dollar firmed slightly on Friday bu...Reuters
Fri, Aug 8
Fundamental Global Enters Ethereum Treasury Strategy Trend With $5B Fundraise Plan
Ethereum’s growing appeal among institutional players has taken another leap forward as Fundamental Global Inc. (FGF), a Nasdaq-listed company specializing in reinsurance, merchant banking, and asset management, revealed an ambitious $5 billion cryptocurrency strategy in a recent SEC filing.
Bitcoinist
Fri, Aug 8
TSMC July Sales Surge 26%, Driving Stock Prices Up
TradingKey - On Friday, August 8, Taiwan Semiconductor Manufacturing Co. (TSMC) reported its impressive July performance, recording revenue of NT$323.17 billion, marking the second-highest monthly total in its history and the highest for the same period in any previous year.
TradingKey
Fri, Aug 8
Tesla to streamline its AI chip design work, Musk says
Bloomberg News says Dojo supercomputer team being disbandedMusk says doesn't make sense to divide resources on AI chipsFocused on Tesla AI5, AI6 and subsequent chips, Musk says Aug 8 (Reuters) - Tesla will streamline its AI chip research to focus on its development of inference chips used to...Reuters
Fri, Aug 8
Was Kugler’s Departure a Coincidence or Part of Trump’s Strategy?
TradingKey – In the politically sensitive run-up to the U.S. election, Federal Reserve Governor Adriana Kugler unexpectedly announced her early resignation on August 1 via social media, sparking widespread attention. On the heels of her announcement, Donald Trump nominated Stephen MiranTradingKey
Fri, Aug 8
SMIC Q2 Revenue Up But Profits Shrink: How Capacity Expansion & Price Wars Squeezed Margins?
TradingKey - Semiconductor Manufacturing International Corporation (SMIC), China’s chip manufacturing leader, faced immediate selling pressure on August 8 following its quarterly results disclosure. Shares plunged 8.19% to HK$48.66 by press time.TradingKey
Fri, Aug 8
[Reuters Analysis] Buffeted by Trump and vote-rigging charges, India's Modi starts to push back
NEW DELHI, Aug 8 (Reuters) - Indian Prime Minister Narendra Modi is navigating one of the most challenging stretches of his 11 years in office. A contentious ceasefire with archenemy Pakistan, renewed scrutiny over his age and a diplomatic chill with the United States despite much-publicised rapportReuters
Fri, Aug 8
