News
Important Only
Japan's Nikkei tops 43,000 for first time ever, extends rally to sixth session
TOKYO, Aug 13 (Reuters) - Japan's Nikkei share average rose above 43,000 for the first time on Wednesday, with the broader Topix index also marking a fresh all-time high, tracking Wall Street's overnight gains and extending the rally into a sixth straight session.Reuters
Wed, Aug 13
Australian Dollar dips as RBA rate cut signals easing inflation trends, cooling employment
The Australian Dollar (AUD) declines on Wednesday after registering gains in the previous session. The AUD/USD pair remains subdued following the release of Wage Price Index data for the second quarter.
Fxstreet
Wed, Aug 13
HK Movers | Tencent Music Soars 17% After It Beats Second-Quarterly Estimates as Content Expansion Boosts Demand
TME-SW beat estimates for second-quarter revenue on Tuesday as an expanded content library drove higher user engagement and robust subscriber growth in its online music services.Tiger News
Wed, Aug 13
Bessent blasts Fed renovation and suggests 50 bps rate cut as U.S. pushes for major trade deals
Treasury Secretary Scott Bessent said the Federal Reserve should keep the door open to a larger, 50 basis-point rate cut next month, after opting to hold rates steady at its last meeting. Bessent told Fox Business on Tuesday that the real thing now to think about is whether we should get a...Cryptopolitan
Wed, Aug 13
CoreWeave revenue beats estimates on AI boom but shares fall on bigger loss
Aug 12 (Reuters) - CoreWeave CRWV.O easily topped quarterly revenue estimates on Tuesday as the rapid adoption of artificial intelligence tools boosted demand for its cloud services, but a bigger-than-expected net loss sent its shares slumping 10% after the bell.Reuters
Wed, Aug 13
S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes
NEW YORK, Aug 12 (Reuters) - The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.Reuters
Wed, Aug 13
Cava's shares crater after first annual sales growth target cut since IPO
Aug 12 (Reuters) - Shares of Cava CAVA.N dropped 21% in extended trading on Tuesday, after the Mediterranean restaurant chain lowered its annual same-store sales growth target for the first time since it listed on the New York Stock Exchange two years ago.Reuters
Wed, Aug 13
Electric vehicle sales growth eases to 21% in July, research firm says
Aug 13 (Reuters) - Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday.Reuters
Wed, Aug 13
Trump rebukes Goldman's Solomon over bank's tariff research
Aug 12 (Reuters) - U.S. President Donald Trump hit out at Goldman Sachs GS.N CEO David Solomon on Tuesday, saying the bank had been wrong to predict U.S. tariffs would hurt the economy and questioned whether Solomon should lead the Wall Street institution.Reuters
Wed, Aug 13
WRAPUP 7-Ukraine, sidelined in Trump-Putin summit, fights Russian grab for more territory
EU leaders urge truce, right to Ukrainian self-determinationTrump's land swap proposal alarms Ukraine and EUPutin-Trump summit to be held at Alaska Air Force baseWhite House calls summit a "listening exercise"Russia makes big push in eastern Ukraine, open source data showsBy Andrew Osbor...Reuters
Tue, Aug 12
Oil prices dip as market awaits EIA report
US and China extend tariff pause to NovemberTrump-Putin talks on Friday cloud oil outlook OPEC upgrades 2026 oil demand growth forecastOil traders watching EIA report By Erwin Seba HOUSTON, Aug 12 (Reuters) - Oil prices dipped on Tuesday as traders awaited an inventory report from the U.S. Energy...Reuters
Tue, Aug 12
WRAPUP 4-Cheaper gasoline restrains US consumer prices; worries about data quality rise
Consumer price index increases 0.2% in JulyStrong gains in tariff-sensitive goods pricesCPI excluding food and energy rises 0.3%; up 3.1% year-on-yearBy Lucia Mutikani WASHINGTON, Aug 12 (Reuters) - U.S. consumer prices increased marginally in July, though rising costs for services such as airlin...Reuters
Tue, Aug 12
China cautions tech firms over Nvidia H20 AI chip purchases, sources say
Baidu, ByteDance, Tencent quizzed over their needs for H20 chip, sources sayChinese regulators say concerned over information risks - sourcesMove likely to complicate Nvidia efforts to boost China salesNvidia says H20 not military or government productU.S. lifted ban on H20 sale in China last month ...Reuters
Tue, Aug 12
Bullion markets breathe sigh of relief after Trump says gold will not face tariffs
Aug 11 (Reuters) - U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat."Gold will not be Tariffed!" Trump said i...Reuters
Tue, Aug 12
U.S. CPI Rises Slightly, Yet Markets Double Down on Rate Cut Bets: Decoding the Logic
TradingKey - On Thursday morning (U.S. Eastern Time), the U.S. Bureau of Labor Statistics released the July CPI report：Core CPI rose 3.1% year-over-year, the highest level in five months and above the 3.0% forecast.TradingKey
Tue, Aug 12
South Korea's Lee, Trump to hold August 25 summit on security alliance, economy
Lee prioritises navigating global trade changes due to Trump's tariffsSummit to discuss strategic alliance, manufacturing and technology partnershipTrump may seek more concessions on defence costs and corporate investmentsBy Jack Kim and Joyce Lee SEOUL, Aug 12 (Reuters) - South Korean Presid...Reuters
Tue, Aug 12
Former St. Louis Fed President Bullard: Will accept Fed chair job if we aim for low and stable inflation
In an interview with CNBC on Tuesday, Former St. Louis Federal Reserve Bank President James Bullard said that he spoke with US Treasury Secretary Scott Bessent last week, per Reuters.Fxstreet
Tue, Aug 12
Trade Desk Shares Plummet 38% Post-S&P 500 Debut; Cathie Wood Seizes Buying Opportunity
TradingKey - Following the release of its Q2 earnings on August 7, advertising tech company Trade Desk (TTD) saw its stock plunge by 38.6% the next day. Despite the dramatic fall, Cathie Wood of Ark Investment Management seized the opportunity to increase her holdings, purchasing over 725,000 shares
TradingKey
Tue, Aug 12
