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US JOLTS Report Helps Japan Avoid 30-Year Bond Auction Disaster but Risks Linger
TradingKey - A U.S. JOLTS job openings report signaling a weakening labor market brought relief to global bond investors. As long-term government bond yields in developed economies retreated, Japan’s critical stress test — the 30-year JGB auction — turned out less disastrous than feared.
TradingKey
Thu, Sep 4
How Macy's CEO Engineered a Surprise Turnaround: 20% Stock Jump on First Comparable Sales Growth Since 2022
TradingKey - Macy's Inc. shares surged 20% on Wednesday as the market expressed confidence in its recent performance improvement, with the company not only significantly raising its full-year profit forecast but also reporting its first comparable-store sales growth in nearly three years.
TradingKey
Thu, Sep 4
China to impose tariffs on some types of US single-mode optical fibre
BEIJING, Sept 4 (Reuters) - China will impose tariffs of up to 78.2% on certain U.S. optical fibre imports from September 4, the commerce ministry said in a statement a few minutes before midnight on Wednesday, accusing American producers of skirting anti-dumping measures.Reuters
Thu, Sep 4
USD/INR edges lower as India revises GST slabs to boost economy
The Indian Rupee (INR) ticks up against the US Dollar (USD) at open on Thursday. The USD/INR pair edges lower to near 88.15 as the Indian government has revised Goods and Services Tax (GST) rates lower to boost consumption.Fxstreet
Thu, Sep 4
Smooth Japan bond auction soothes market jitters after global yield surge
Global 30-year yields surged this week on fiscal worriesJapan's MOF had reduced long-dated issuance to cap yieldsPolitical shifts in Tokyo may drive risk premia higherBy Rocky Swift and Kevin Buckland TOKYO, Sept 4 (Reuters) - A closely watched auction of 30-year Japanese government bonds pas...Reuters
Thu, Sep 4
U.S. Congress Passes Historic Bill: Full Ban on Congressional Stock Trading, Market Sell-Off Pressure Looms?
TradingKey - On Wednesday, bipartisan lawmakers in the U.S. House of Representatives announced an agreement on the "Restoring Confidence in Congress Act", a landmark piece of legislation that would ban members of Congress, along with their spouses and dependent childrenTradingKey
Thu, Sep 4
Fed to Host Payments Innovation Conference on October 21 — RWA, AI, and Stablecoins in the Spotlight
On October 21, the Federal Reserve will convene a Payments Innovation Conference to discuss three key topics — stablecoins, tokenization of real-world assets (RWA), and artificial intelligence (AI). Crypto tokens and equities tied to these themes could be in line for a boost.
Figma’s First Post-IPO Earnings Miss Expectations, Shares Plunge 14% After Hours
TradingKey - Global collaborative design platform Figma (FIG.US) triggered a market sell-off with its first earnings report since going public, sending shares down more than 14% in after-hours trading on Wednesday.TradingKey
Thu, Sep 4
Japan’s Akazawa: Requirement for US executive order to reduce car tariffs
Japan trade negotiator Ryosei Akazawa said on Thursday that he was flying to the United States (US) as administrative talks progress. Akazawa further stated that he will continue to push for a presidential order for the tariffs that have been agreed on.Fxstreet
Thu, Sep 4
Musk's xAI wins early order blocking engineer from sharing tech with OpenAI
By Mike Scarcella Sept 3 (Reuters) - Elon Musk’s artificial intelligence startup xAI has won a court order temporarily blocking a former xAI engineer from working on or even communicating about AI technology with his new employer, ChatGPT maker OpenAI.U.S. District Judge Rita Lin in San FranciscReuters
Thu, Sep 4
Google must pay $425 million in class action over privacy, jury rules
Jury finds Google liable for privacy violations in class actionGoogle denies wrongdoing, claims data was nonpersonal and encryptedGoogle has faced other privacy lawsuits Sept 3 (Reuters) - A federal jury determined on Wednesday that Alphabet's Google GOOGL.O must pay $425 million for invading...
Reuters
Thu, Sep 4
Fed officials, worried about jobs, muse on rate-cut prospects
Fed officials consider rate cuts due to labor market concernsWaller and Bostic suggest potential rate cuts in upcoming meetingsTariffs seen as temporary, affecting inflation and labor marketBy Michael S. Derby and Ann Saphir Sept 3 (Reuters) - Several Federal Reserve officials who spoke on WeReuters
Thu, Sep 4
Nasdaq Jumps 1% While S&P 500 Gains 0.5%; Alphabet Surges over 9%; Apple Rallies 3.8%; Tesla Rises 1.4%
The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a U.S. judge ruled against breaking up the Google parent and as investors were optimistic that the Federal Reserve would cut interest rates this month.Market SnapshotThe Dow Jones Industrial Average fell 24.58
Tiger News
Thu, Sep 4
Japan 30-year auction tests a jittery bond market as global yields surge
Global 30-year yields surge to historic levels on fiscal concernsJapan's MOF reduced long-dated issuance to cap yieldsPolitical shifts in Tokyo may drive risk premia higherBy Rocky Swift TOKYO, Sept 4 (Reuters) - An auction of super-long Japanese government bonds on Thursday serves as the lat...Reuters
Thu, Sep 4
Trump's oldest sons' American Bitcoin stake worth $1.5 billion in stock debut
Donald Trump Jr and Eric Trump own about 20% of bitcoin mining company Trump family expands crypto ventures, including World Liberty FinancialEric Trump dismisses conflict of interest criticisms as "insane"By Koh Gui Qing and Milana Vinn NEW YORK, Sept 3 (Reuters) - A bitcoin company tied...Reuters
Thu, Sep 4
Trump says US may have to 'unwind' trade deals and will 'suffer greatly' if it loses tariff case
Trump comments seen aimed at pressuring Supreme CourtFate of trade deals uncertain Senate Democrat says Trump's comments caused confusionBy Jeff Mason and Andrea Shalal WASHINGTON, Sept 3 (Reuters) - President Donald Trump said on Wednesday the U.S. might have to "unwind" trade de...Reuters
Thu, Sep 4
Oil prices drop as OPEC+ weighs another output hike
OPEC+ expected to consider further raising oil productionOPEC+ meeting set to take place on SundayUS crude stocks rose last week, market sources say, citing APIBy Nicole Jao NEW YORK, Sept 3 (Reuters) - Oil prices fell by more than 2% on Wednesday ahead of a weekend meeting of OPEC+ producers tha...Reuters
Wed, Sep 3
Macy's turnaround progress boosts annual forecasts, shares jump
Macy's leans on pricier labels to offset consumer spending pressureSays annual forecasts include tariff impacts of 40 to 60 basis points on annual gross marginCo beats estimates for second quarter sales and profitBy Neil J Kanatt Sept 3 (Reuters) - Macy's M.N shares surged 20% on Wednesda...Reuters
Wed, Sep 3
