News
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Berkshire invests in UnitedHealth, trims Apple stake
Aug 14 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N disclosed on Thursday a new investment in UnitedHealth Group UNH.N after the insurer became a target for many Americans upset over the direction of the nation's healthcare.
Reuters
Fri, Aug 15
US FTC investigating Hims & Hers over advertising and cancellation practices, Bloomberg News reports
Aug 14 (Reuters) - The U.S. Federal Trade Commission is probing complaints about telehealth platform Hims & Hers HIMS.N regarding its advertising and cancellation practices, according to a Bloomberg News report citing people familiar with the matter.
Reuters
Fri, Aug 15
AI startup Cohere valued at $6.8 billion in latest fundraising, hires Meta exec
Aug 14 (Reuters) - Canadian AI startup Cohere was valued at $6.8 billion following its latest $500 million funding round, as it seeks to expand its market share in a highly competitive industry of selling AI to enterprises.Reuters
Fri, Aug 15
Applied Materials' forecast hit by China pause, export‑license woes; shares down 13%
Aug 14 (Reuters) - Applied Materials AMAT.O forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers facing uncertainty due to tariffs, sending its shares down nearly 13% in extended trading.
Reuters
Fri, Aug 15
WRAPUP 6-Trump says Putin ready to make deal on Ukraine, US hopes to include Zelenskiy
Trump says Putin is ready to make a deal on UkrainePutin praises US efforts to end war in UkraineRussian leader proposes nuclear arms deal with USUkrainian allies say Trump is willing to back its securityBy Nandita Bose, Dmitry Antonov and Olena Harmash WASHINGTON/MOSCOW/KYIV, Aug 14 (Reuters) - ...Reuters
Thu, Aug 14
US producer prices accelerate in July as costs of services and goods surge
BLS ends calculation of 350 indexes due to underfundingEconomists expect tariffs to drive up inflation soon WASHINGTON, Aug 14 (Reuters) - U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the monReuters
Thu, Aug 14
Double Reversal? U.S. PPI Soars Beyond Expectations — Is a Fed rate cut still a done deal?
TradingKey - On Wednesday morning (U.S. Eastern Time), the U.S. Bureau of Labor Statistics released the latest Producer Price Index (PPI) data: July PPI rose 3.3% year-over-year, far exceeding the expected 2.5% and marking the highest level since February.TradingKey
Thu, Aug 14
US Treasury's Bessent says rate cut could start at 25 basis points
WASHINGTON, Aug 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday said conditions now appear more favorable for an interest rate cut, and that the central bank could "start with 25 (basis points) and then accelerate." "The conditions now are slightly more favorable for a c...Reuters
Thu, Aug 14
Foxconn Q2 Profit Surges 27% as Server Earnings Surpass iPhone Assembly
TradingKey - Foxconn (also known as Hon Hai Precision Industry), the world's largest electronics contract manufacturer, released its second-quarter earnings report on August 14, revealing a 27% year-over-year rise in profit that exceeded expectations. For the first time, quarterly revenue from its cTradingKey
Thu, Aug 14
Foxconn sees robust AI demand as second-quarter profit tops forecast
Q2 net profit up 27% on-year, beating market forecastsFoxconn bullish on AI server demandWarns of challenge from tariffs, currency exchange rateBy Wen-Yee Lee and Faith Hung TAIPEI, Aug 14 (Reuters) - Foxconn on Thursday forecast a significant rise in third-quarter revenue as the world's bigg...Reuters
Thu, Aug 14
Fed's Daly says 50 basis point rate cut next month doesn't seem warranted, WSJ reports
Aug 14 (Reuters) - San Francisco Federal Reserve President Mary Daly has pushed back against the need for an interest rate cut of 50 basis points at the Federal Reserve's September meeting, the Wall Street Journal reported on Thursday.Reuters
Thu, Aug 14
Trump-fueled crypto frenzy sparks rush to Wall Street IPOs
By Manya Saini and Niket Nishant Aug 14 (Reuters) - After years of sitting on the sidelines, U.S. crypto companies are lining up to go public, buoyed by friendly policies under President Donald Trump's second administration that have pushed the value of global cryptocurrencies to a record $4...Reuters
Thu, Aug 14
China's AI Chip Leader Cambricon Hits Third Straight Record High, Edging Closer to 1,000 Yuan
TradingKey - On August 14, Cambricon, a Chinese AI chip manufacturer, saw its stock rise over 14% intraday to once reach 985 yuan.This marked the third consecutive day of record highs as the stock edged towards the 1,000 yuan milestone. Its market capitalization briefly surpassed 400 billion yuan wiTradingKey
Thu, Aug 14
Grocery Stocks Sink as Amazon Expands Same-Day Delivery to 1,000 Cities
TradingKey - E-commerce giant Amazon formally announced on August 13 a major expansion into U.S. fresh grocery delivery, launching same-day service covering over 1,000 cities and towns for perishable categories including seafood, meat, and frozen foods. The company plans to extend coverage to...
Cisco Q4 Slightly Beats Expectations — Strong AI Orders, But Lackluster Full-Year Guidance Raises Concerns?
TradingKey - Cisco Systems (CSCO.US) released its fiscal fourth-quarter 2025 results (ended July 26) after the market close on Wednesday. The company delivered a modest beat, but its underwhelming full-year outlook for fiscal 2026 led to a decline in after-hours trading.
TradingKey
Thu, Aug 14
Bridgewater’s Q2 Portfolio: Masterful “Sell High, Buy Low” — Exits Re-rated Chinese Stocks, Doubles Down on U.S. Tech and AI
TradingKey - After the U.S. market close on August 13, Bridgewater Associates, the world’s largest hedge fund, filed its 13F regulatory report with the U.S. Securities and Exchange Commission. The fund made significant changes to its U.S. equity portfolio in the second quarter of 2025: doubling down
“Optical Giant” Coherent Beats Earnings but Misses Guidance, Shares Plunge 19% After Hours
TradingKey - After U.S. markets closed on Wednesday, optical components leader Coherent (COHR) saw its stock plunge 19% in extended trading. Despite delivering a fourth-quarter earnings beat, the company’s weaker-than-expected guidance for the current quarter raised concerns about the sustainabilityTradingKey
Thu, Aug 14
South Korea to announce plan to restructure petrochemical sector facing 'grave' situation
Petrochemical exports have fallen amid global oversupplySouth Korea is a major naphtha importer, crucial for global oil marketsConcerns over financial health of large petrochemical company YNCCSouth Korean president supports tax incentives, regulatory changes SEOUL, Aug 14 (Reuters) - South Korea...Reuters
Thu, Aug 14
