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Shopify delivers upbeat revenue forecast on resilient demand, shares surge
Q2 revenue tops Wall Street estimates with 31% riseExecutives say no slowdown or pull-forward in consumer demandMerchants have started to raise prices, CFO saysBy Deborah Mary Sophia Aug 6 (Reuters) - Shopify on Wednesday forecast upbeat quarterly revenue, saying there was no slowdown in consumer...Reuters
Wed, Aug 6
McDonald's global sales top estimates as affordable meal options boost demand
Promotions boost U.S., international market demandFoot traffic outpaces QSR segment, Placer.ai data showsAdjusted net income rises 7% to $2.29 billion in the quarterRe-engaging low-income consumer is critical, CEO saysBy Savyata Mishra Aug 6 (Reuters) - McDonald's MCD.N second-quarter global...Reuters
Wed, Aug 6
Novo Nordisk's Q2 Earnings Fall Short, Guidance Downgraded, Yet Goldman Remains Optimistic
TradingKey - On Wednesday, August 6th, Danish pharmaceutical giant Novo Nordisk released its Q2 2025 earnings report, revealing a sales growth that fell short of expectations and a significant downgrade in its full-year growth guidance.
TradingKey
Wed, Aug 6
BREAKINGVIEWS-US-India standoff is about more than Russian oil
By Una GalaniHONG KONG, Aug 5 (Reuters Breakingviews) - The standoff between the U.S. and India may well get worse before it gets better. Having slapped a 25% tariff on goods the South Asian country sends to America, Donald Trump is vowing to ratchet up the rate over the $4 trillion economy's pu...Reuters
Wed, Aug 6
Bitcoin Price Crash To $100,000 Or Rally To $122,000? Analyst Shows Game Plan For BTC
Crypto analyst Mark Cullen has laid out the game plan for the Bitcoin price amid the flagship crypto’s choppy price action. Based on his analysis, BTC could either crash to $100,000 or rally to $122,000, close to its current all-time high (ATH) of $123,000. The Game Plan For The Bitcoin Price In anNewsBTC
Wed, Aug 6
Cathay Pacific warns of declining fares and cargo uncertainty, shares fall
Cathay posts 1% increase in half-year profitShares see biggest one-day percentage decline since January 2021Airline flags falling yields as market capacity risesOrders 14 more Boeing 777-9 jets and options for another sevenBy Lisa Barrington and Donny Kwok HONG KONG, Aug 6 (Reuters) - Cathay Paci...Reuters
Wed, Aug 6
AUD/USD gains sharply to near 0.6500 as Trump hints optimism on US-China trade deal
The AUD/USD pair jumps to near 0.6500 during the European trading session. The Aussie pair strengthens as antipodeans outperform its peers amid optimism that the United States (US) and China will reach a tariff deal soon.
Fxstreet
Wed, Aug 6
Lucid Shares Drop 7% Pre-Market — Production Cut Amid Wider EV Pain from Trump Policies
TradingKey - On Wednesday, August 6, Lucid (LCID) fell 7% in pre-market trading, while fellow EV maker Rivian (RIVN) dropped 5%, after both companies cited the negative impact of Trump administration policies — including tariffs and the rollback of EV incentives — on their Q2 results and full-year
TradingKey
Wed, Aug 6
Siemens Energy targets upper end of outlook as US demand outweighs tariffs
Company incurs US import tariff hit of 100 million euro in third quarterThird-quarter orders at 16.1 billion euros versus 14.1 billion euros in pollOrder backlog reaches record of 136 billion eurosBy Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Aug 6 (Reuters) - Siemens Energy ENR1n...Reuters
Wed, Aug 6
TSMC Denies Trump’s Claims of $300 Billion US Investment; Shares in US and Taiwan Decline
TradingKey - On Tuesday, US President Donald Trump announced on CNBC's "Squawk Box" that a new chip tariff policy will be unveiled within the next week. He claimed that Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest $300 billion in Arizona, constructing the world's largest chip pl
TradingKey
Wed, Aug 6
Rivian Losses Widen, Profit Target Delayed: Is the EV Industry Entering a Deep Freeze?
TradingKey - Electric vehicle maker Rivian (RIVN) unveiled concerning Q2 2025 financial results and outlook, significantly widening its full-year adjusted loss forecast and delaying its path to breaching gross margin. Shares declined 4.6% in after-hours trading following the announcement.TradingKey
Wed, Aug 6
OpenAI's Valuation Potentially Soars to $500 Billion — New Peak for Global AI Unicorns
TradingKey - ChatGPT developer OpenAI is in early-stage talks to raise capital through a private sale of employee shares at a staggering $500 billion valuation, according to Bloomberg, citing people familiar with the matter. This would mark a 67% increase from its previous $300 billion valuation
TradingKey
Wed, Aug 6
OpenAI Breaks the Mold: Releases “Open-Weight” Models and Partners with Amazon to Break Microsoft’s Monopoly
TradingKey - Despite maintaining a leading position in the AI model race, OpenAI faces intensifying competition and growing concerns over its reliance on a single cloud partner — Microsoft. In response, the company is pursuing a new strategy: open-weight models and diversified cloud partnerships.
TradingKey
Wed, Aug 6
CORRECTED-Japan's Nikkei rises as US economic worries recede
By Junko Fujita TOKYO, Aug 6 (Reuters) - Japan's Nikkei share average reversed early losses to trade higher on Wednesday, as concerns about the U.S. economy receded, prompting investors to continue buying cheap stocks after a heavy sell-off earlier this week.The Nikkei .N225 rose 0.62% to 40,...Reuters
Wed, Aug 6
