News
Important Only
Trump Criticizes Powell, Eyes Tariff Hikes on India and Plans Drug and Chip Tariffs
TradingKey - On Tuesday, President Donald Trump, speaking on CNBC's "Squawk Box," renewed his criticism of Federal Reserve Chairman Jerome Powell for delaying interest rate cuts. He mentioned that he has narrowed down the list of potential future Fed chair candidates to four, excluding Treasury SecrTradingKey
Tue, Aug 5
HSBC raises S&P 500 year-end target to 6400 on AI boom, easing policy uncertainty
Aug 5 (Reuters) - HSBC on Tuesday raised its year-end S&P 500 .SPX index target by more than 800 points to 6400, citing euphoria around artificial intelligence and easing U.S. policy uncertainty."The AI trade is powering the tech/AI cohort higher (roughly half of the S&P 500) while reduc...Reuters
Tue, Aug 5
Gold Price Forecast: XAU/USD extends reversal from $3,385, bears eye $3,345 support
Gold (XAU/USD) is accelerating its reversal from two-week highs at $3,385 on Tuesday. A moderate rebound in US Treasury yields and a somewhat firmer USD are weighing on the precious metal as the markets shift their focus away from Friday’s poor employment report.
Fxstreet
Tue, Aug 5
Intel struggles with key manufacturing process for next PC chip, sources say
Intel's 18A yield for Panther Lake chips has remained lowTimeline and newer tech risk failure, likened to 'Hail Mary' effortIntel's CFO optimistic about improvement by year-endBy Jeffrey Dastin and Max A. Cherney
Reuters
Tue, Aug 5
Are Stablecoins Cash or Just Hype? SEC Issues Interim Accounting Guidance
On August 5, the U.S. Securities and Exchange Commission (SEC) released interim accounting guidance that allows qualifying USD-pegged stablecoins to be treated as cash equivalents on corporate balance sheets.
TradingKey
Tue, Aug 5
BP Beats Q2 Expectations as CEO Highlights Major Oil Exploration Success
TradingKey – British Petroleum (BP) reported second-quarter 2025 results on Tuesday, delivering robust performance despite lower oil prices compared to the prior period. During the quarter, BP’s underlying replacement cost profit reached $2.4 billion, significantly exceeding the $1.81 billion...
TradingKey
Tue, Aug 5
Billionaire Buys Over 5,000 Yuga Labs NFTs — Value Play or Catching a Falling Knife?
U.S. billionaire Adam Weitsman has made headlines with his acquisition of more than 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, in what he describes as a long-term investment in the Otherside metaverse.
TradingKey
Tue, Aug 5
“King of Knockoff Weight-Loss Drugs” Still Struggling — Hims & Hers Misses Revenue, Stock Drops 12% After Hours
TradingKey - Despite a 73% year-on-year revenue increase in Q2 2025 that highlights the growth potential of the digital health sector, Hims & Hers (HIMS), a high-profile player in the AI-driven telehealth space, continues to face mounting legal and operational challenges. The negative impact on its
TradingKey
Tue, Aug 5
ISM Services PMI Preview: US services sector expected to expand in July
On Tuesday, the Institute for Supply Management (ISM) will unveil its July Services PMI, and analysts expect it to edge up to 51.5 from June’s 50.8. That would mark a second straight month of growth in the services sector — a sign of its resilience and a boost to confidence in the wider US economy.Fxstreet
Tue, Aug 5
2 Soaring Growth Stocks That Could Climb Another 15% to 20%, According to Wall Street Analysts
Key PointsO'Reilly Automotive and Genius Sports are two high-flying stocks that bucked the trend when the overall market tumbled recently.Wall Street analysts expect further gains from O'Reilly Automotive in the year ahead.Genius Sports shares are way up this year, but an analyst's price target suggThe Motley Fool
Tue, Aug 5
Hims Shares Drop After Quarterly Sales Miss Wall Street’s Estimates
Hims & Hers Health Inc.’s shares dropped in premarket trading on Tuesday after the telehealth company missed second-quarter revenue estimates.The San Francisco-based company recorded sales of $545 million for the three months ended June 30, according to a statementTiger News
Tue, Aug 5
Mazda forecasts nearly $1 billion profit hit from U.S. tariffs
TOKYO, Aug 5 (Reuters) - Mazda Motor 7261.T said on Tuesday it expects a 145.2 billion yen ($987.02 million) hit to its operating profit this business year due to U.S. import tariffs, as the Japanese automaker rolled out measures to cushion the impact.Reuters
Tue, Aug 5
August and September Are Here — Wall Street’s Worst Months. But Buy the Dip, Say Strategists
TradingKey - After a record-breaking July, Wall Street is sounding the alarm: August and September are coming — historically the two weakest months for U.S. stocks. But despite the seasonal headwinds, major banks still advise investors to stay the course and buy the dip, citing strong AI momentum
TradingKey
Tue, Aug 5
Australia weighs price floor for critical minerals, boosting rare earths miners
Government will prioritise strategic projects like rare earthsPrice floor part of Australia's critical minerals reserve strategyLynas shares hit highest in 13 yearsBy Melanie Burton MELBOURNE, Aug 5 (Reuters) - Australia is considering setting a price floor to support critical minerals projec...Reuters
Tue, Aug 5
Berkshire’s Q2 Profit Halved, Stock Dropped 10% — Was Buffett Wrong?
TradingKey - After reporting a more than 50% decline in second-quarter net profit and continuing to be a net seller of stocks, Berkshire Hathaway (BRK.A), led by legendary investor Warren Buffett, fell sharply — down 3.6% intraday and closing at its worst level since February.
TradingKey
Tue, Aug 5
From 250% Pop to 27% Crash: Figma's IPO Fever Fizzles in Just Three Trading Sessions
TradingKey - Last week’s breakout star in the design software space, Figma, saw a sharp reversal on Monday as its shares tumbled 27.38% to close at $88.60, giving back much of its spectacular post-IPO gains.TradingKey
Tue, Aug 5
