News
Important Only
Shopee-owner Sea beats quarterly revenue estimates
Aug 12 (Reuters) - Shopee-owner Sea Ltd SE.N topped market estimates for quarterly revenue on Tuesday, powered by strong growth at its e-commerce business, while its financial services and entertainment segments also saw robust demand.
Reuters
Tue, Aug 12
Gold, bonds rise ahead of CPI release as Wall Street grows resilient to Trump
Wall Street traders on Tuesday moved past Donald Trump’s latest trade decision and turned their attention to fresh U.S. inflation data, according to data from CNBC. U.S. stock futures were mixed in early morning trade.
Cryptopolitan
Tue, Aug 12
Ethereum ETFs smash Bitcoin with $1 billion in a day
Ethereum (ETH) just pulled off a Wall Street milestone. On August 11, US spot Ethereum ETFs notched a record $1.019 billion in daily net inflows. The massive influx of ETH ETFs outperformed Bitcoin-linked ETFs with a huge margin, suggesting that investors are now going after the biggest altcoin.
Cryptopolitan
Tue, Aug 12
Stablecoin issuer Circle's revenue jumps in first results since blockbuster IPO
Aug 12 (Reuters) - Circle CRCL.N posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services.
Reuters
Tue, Aug 12
Trump Expands Fed Chair Search — Who Will Lead the Central Bank? Multiple Candidates Emerge
TradingKey - With current Federal Reserve Chair Jerome Powell’s term set to expire in May 2026, the Trump administration has begun broadening its search for a successor, formally launching a selection process for the next Fed chair.TradingKey
Tue, Aug 12
Shock Sale at Berkshire Hathaway: Longtime Supporter and Berkshire Director’s Firm Sells 30% of Holdings
TradingKey - As shares of Berkshire Hathaway, the company led by legendary investor Warren Buffett, retreated from recent highs, a notable move by one of its board members has raised concerns. Davis Selected Advisers, an investment firm affiliated with Chris Davis — a long-time supporter of Buffett
TradingKey
Tue, Aug 12
Intel Rallies Over 3% in Pre-Market — Is It Following Nvidia and AMD in Revenue-Sharing Talks with Trump?
On Tuesday, August 12, Intel Corporation (NASDAQ: INTC) extended its recent gains, rising 3.24% in pre-market trading to $21.35. This follows a 5% intraday surge on Monday, with the stock closing up 3.66%, driven by speculation surrounding a potential revenue-sharing agreement with the Trump admini
TradingKey
Tue, Aug 12
U.S. July CPI Report Looms — Will Bitcoin Hit a New High or Face a Pullback
On Tuesday, August 12, Bitcoin (BTC) failed to extend its recent rally, falling below the $120,000 mark. Over the past 24 hours, BTC dropped more than 2%, currently trading at $118,985, as investors brace for key macroeconomic data.
TradingKey
Tue, Aug 12
Intel CEO Lip-Bu Tan “Closes the Gap” with Trump — Government Support Could Be Key to Turnaround
TradingKey - Less than a week after U.S. President Donald Trump publicly criticized Intel CEO Lip-Bu Tan, calling him “highly conflicted” and demanding his immediate resignation, a meeting between the two appears to have shifted the narrative. The semiconductor giant’s CEO has used corporate diploma
TradingKey
Tue, Aug 12
Trump "Clarifies" Zero Gold Tariff Stance; Prices Suffer Biggest 3-Month Drop
TradingKey - On August 11, Trump posted a clear statement on his social media platform declaring "Gold will not be taxed," ending market concerns over potential gold tariffs and triggering a sharp price decline—the largest single-day drop in nearly three months.TradingKey
Tue, Aug 12
[US IPO] Bullish Sets $990M IPO Target in 58% Upsizing Bid; Next Crypto Blockbuster in Sights?
TradingKey - Crypto platform Bullish has significantly increased its planned initial public offering (IPO) funding from $629 million to $990 million—a 58% surge—driven by surging institutional investor demand and rebounding digital asset prices including Bitcoin.TradingKey
Tue, Aug 12
Australia cuts interest rates, signals more to come as inflation slows
RBA cuts rates by 25bp to 3.6%, third cut this yearBullock says forecasts centred on a few more cutsAustralian dollar slips 0.2%, bonds reverse earlier lossesBy Stella Qiu and Wayne Cole SYDNEY, Aug 12 (Reuters) - Australia's central bank cut interest rates on Tuesday for a third time this ye...Reuters
Tue, Aug 12
Nikkei Soars to Record High — What’s Driving Japan’s Bull Market?
TradingKey - Fueled by easing U.S. tariff concerns and a strong rally in Japanese technology stocks, the Nikkei 225 Index surged as much as 2.5% on Tuesday, reaching 42,867.69 points — surpassing its July highs and pushing the broader TOPIX index to a new all-time high as well.TradingKey
Tue, Aug 12
Japan's Nikkei races to record high, SoftBank leads tech surge
By Junko Fujita and Rocky Swift TOKYO, Aug 12 (Reuters) - Japan's Nikkei share gauge .N225 powered to an all-time high on Tuesday, driven by sharp gains for tech companies and renewed optimism over trade with the United States. With financial markets reopening after a holiday in Japan on Mond...Reuters
Tue, Aug 12
From AI Darling to Sell-Off Target: BigBear.ai Slumps 30%, C3.ai Falls 26% After Earnings Disaster
TradingKey - At the beginning of the year, Wall Street widely predicted that 2025 would mark the shift from “hardware-driven” to “software-driven” AI momentum — heralding it as the “year of AI software.” However, the latest earnings season has revealed a different story: while a select few AI
TradingKey
Tue, Aug 12
Block Set to Launch Bitcoin Mining Chip — Ark Invest Makes Aggressive Stock Buyback
Less than a month after trimming its position, Cathie Wood’s Ark Invest has made a surprising move: purchasing $19.2 million worth of Block (NYSE: XYZ) shares. The buyback comes amid growing speculation around Block’s upcoming product launch and signals renewed confidence in the company’s crypto st
Asian stocks rally as US-China extend tariff truce; investors eye US CPI
Aug 12 (Reuters) - Asian stocks climbed and currencies mostly steadied on Tuesday after the U.S. and China extended their tariff truce to November, tamping down market jitters ahead of a closely watched U.S. inflation reading due later in the day.Reuters
Tue, Aug 12
