News
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AI Startup Perplexity Makes Bold $34.5 Billion Bid for Google's Chrome Browser Amid Google's Antitrust Suit Loss
TradingKey - Perplexity, a rising star in the AI startup world, has made a bold $34.5 billion bid to acquire Google's Chrome browser. The proposal was submitted to Google on Tuesday morning, August 12. Earlier in April, another AI frontrunner, OpenAI, also expressed interest in purchasing Chrome.
TradingKey
Wed, Aug 13
Unprecedented Move: Nvidia and AMD Forced to Pay 15% of China Revenue for Export Rights
TradingKey - According to CNBC, the White House confirmed on the 12th that Nvidia and AMD have agreed to a special arrangement: they will pay 15% of their revenue from sales of certain chips in China to the U.S. government in exchange for export licenses.
TradingKey
Wed, Aug 13
S&P 500, Nasdaq futures at record highs on September rate cut expectations
Futures up: Dow 0.23%, S&P 500 0.17%, Nasdaq 0.23% Aug 13 (Reuters) - Futures tracking the S&P 500 and the Nasdaq indexes were pinned at record highs on Wednesday, buoyed by increasing confidence that the Federal Reserve could restart its monetary policy easing cycle next month.Signs that...Reuters
Wed, Aug 13
World shares hit record as rate hopes, inflation data buoy sentiment
LONDON/TOKYO, Aug 13 (Reuters) - Global share markets hit a record and the dollar was subdued on Wednesday, as investors cheered mild inflation data and signs of resilience in major economies, and expectations of a U.S. rate buoyed demand for riskier assets.Reuters
Wed, Aug 13
Shanghai stocks mark highest close in nearly four years on Fed rate-cut hopes
SHANGHAI/SINGAPORE, Aug 13 (Reuters) - Mainland China and Hong Kong stocks rose for the third straight session on Wednesday, with the Shanghai benchmark posting its highest close in nearly four years, as prospects of a Federal Reserve interest rate cut next month lifted investor sentiment.Reuters
Wed, Aug 13
Goldman Sachs Torpedoes Trump Tariff Theory; President Tells CEO "Be a DJ, Not Banker"
TradingKey - On August 12, local time, U.S. President Trump took to social media to criticize Goldman Sachs CEO David Solomon, stating that Solomon should "go find a new economist" and mockingly suggesting that he should "focus on being a DJ instead of running a large financial institution."TradingKey
Wed, Aug 13
Trump Again Slams Powell, Hints at Legal Action
TradingKey - On Tuesday (U.S. Eastern Time), the U.S. released its July CPI data: headline inflation rose 2.7% year-over-year, slightly below expectations, while core CPI climbed to 3.1%. The mixed report reinforced market bets on a September rate cut.TradingKey
Wed, Aug 13
CoreWeave Plunges 10% on AI Spend Woes; Lock-up Expiry Looms
TradingKey - Cloud services provider CoreWeave reported quarterly results on Tuesday, showing a net loss far exceeding analyst forecasts, sending shares tumbling 10% in after-hours trading amid the rapid adoption wave of artificial intelligence (AI) tools.TradingKey
Wed, Aug 13
July CPI: Inflation Story Changed But Not Over — Services Inflation Now More Problematic
TradingKey - While Trump administration officials have offered an optimistic interpretation of the relatively mild July CPI report, and capital markets have responded with record gains in risk assets, economists warn that the Federal Reserve’s battle against goods inflation is not fully over, andTradingKey
Wed, Aug 13
India PM Modi likely to meet Trump in US next month, newspaper reports
NEW DELHI, Aug 13 (Reuters) - Indian Prime Minister Narendra Modi is likely to meet President Donald Trump during a visit to the United States next month to attend the UN General Assembly meeting, the Indian Express newspaper reported on Wednesday, citing sources. India's foreign ministry did no...Reuters
Wed, Aug 13
Tariff-Inflation Skeptics Win? Trump and “Allies” Celebrate July CPI, Mock Goldman CEO
TradingKey - After the U.S. Bureau of Labor Statistics released the July CPI report showing overall inflation below expectations, U.S. President Donald Trump declared that it is now proven fact that "tariffs do not cause inflation." Treasury Secretary Scott Bessent, newly nominated Fed governorTradingKey
Wed, Aug 13
US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday. The DXY extends the decline due to the prospect of an imminent Federal Reserve (Fed) rate cuFxstreet
Wed, Aug 13
Top 3 AI tokens to watch as Perplexity offers $34.5 billion for Google Chrome
Artificial Intelligence (AI) tokens are back in the trend underpinned by the altcoins market recovery and Perplexity’s $34.5 billion longshot offer for Google Chrome on Tuesday. Bittensor (TAO), Near Protocol (NEAR), and Render (RNDR) are leading the gains among the top AI tokensFxstreet
Wed, Aug 13
Shanghai stocks hit over 3-1/2-year high on Fed rate-cut hopes
SHANGHAI/SINGAPORE, Aug 13 (Reuters) - Mainland China and Hong Kong stocks rose for a third consecutive session on Wednesday, with the Shanghai benchmark hitting a more than 3-1/2-year high, as prospects of a Federal Reserve interest rate cut next month lifted investor sentiment.** At the midday breReuters
Wed, Aug 13
JGBs fall after weakest auction in 5 years spurs sell-off
By Junko Fujita TOKYO, Aug 13 (Reuters) - Japanese government bonds dropped on Wednesday after a five-year bond auction drew the weakest demand in more than five years, triggering a wave of selling by investors.The five-year yield JP5YTN=JBTC rose 3 basis points (bps) to 1.070%. The 10-year JGB yReuters
Wed, Aug 13
Can Circle Escape the Sell-Off? Impressive Q2 Earnings Overshadowed by Losses and “New Shares” Anxiety
TradingKey - Circle (CRCL) released its first earnings report since its IPO just two months ago. Initial market reaction was positive, with shares surging 16% at the open on strong revenue growth and nearly doubled USDC circulation. However, concerns over wider losses, rising competition, and
TradingKey
Wed, Aug 13
