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Weight-Loss Wonder Drug Luster Fades? Novo Nordisk Plunges 30% in Worst Week
TradingKey - Global obesity treatment leader Novo Nordisk is experiencing what may be the most severe week of stock decline in its history, with shares plummeting over 30% this week and wiping out more than $80 billion in market value. The Danish pharmaceutical giant has fallen out of Europe's top..
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Fri, Aug 1
Amazon tumbles after cloud computing growth disappoints investors
By Aditya Soni and Kanchana Chakravarty Aug 1 (Reuters) - Amazon.com shares fell 7% on Friday as the tech giant's results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race.Amazon Web Services, long the cloud-compu...Reuters
Fri, Aug 1
Stocks, Bonds, and the Dollar All Fall — U.S. Jobs Report Disappoints: Is a September Rate Cut Now Certain?
TradingKey - The U.S. July jobs report came in far weaker than expected, compounded by disappointing guidance from tech giant Amazon, sending U.S. stocks sharply lower on Friday. Investor bets on a Federal Reserve rate cut surged, with the probability of a September cut jumping to 80.5%TradingKey
Fri, Aug 1
Reddit surges as AI-driven ad strategy wins praise from Wall Street
Aug 1 (Reuters) - Reddit's RDDT.N shares surged 15% on Friday after it reported quarterly results that exceeded Street expectations, boosting investor confidence in the platform's AI-based advertising tools and strong user engagement.Reuters
Fri, Aug 1
Design software maker Figma extends gains after blockbuster NYSE trading debut
Aug 1 (Reuters) - Design software maker Figma's FIG.N shares surged another 20% in morning trading on Friday, extending strong debut-day gains after a blowout U.S. initial public offering that has reignited the tech listing market.Reuters
Fri, Aug 1
Ford's US July sales rise over 9% on SUV, pickup demand
Aug 1 (Reuters) - Ford F.N on Friday reported a 9.3% rise in U.S. auto sales for July compared to the previous year, helped by sustained demand for pickup trucks and SUVs. Aggressive discount programs and its "zero, zero, zero" campaign, offering a $0 down payment, zero percent interest for 48 monthReuters
Fri, Aug 1
Switzerland facing higher tariff because it did not drop trade barriers, White House says
WASHINGTON, Aug 1 (Reuters) - Switzerland is facing a higher 39% tariff rate on its exports to the United States because it refused to make "meaningful concessions" by dropping trade barriers with the U.S., the White House said on Friday. "Switzerland, being one of the wealthiest, highes...Reuters
Fri, Aug 1
BYD's July production falls for first time in 17 months as expansion spree slows
BEIJING, Aug 1 (Reuters) - BYD's 002594.SZ vehicle production fell 0.9% in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese automaker into the world's largest electric vehicle maker.Reuters
Fri, Aug 1
Amazon Falls 7% on AWS Growth Concerns, But Analysts Remain Upbeat
TradingKey - In post-market trading on Thursday, Amazon (AMZN.US) reported second-quarter revenue and profit that exceeded expectations. However, Amazon Web Services (AWS) revenue only slightly surpassed forecasts, and mixed third-quarter guidance led to a 7% drop in its shares after hours.
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Fri, Aug 1
Reddit Earnings Explode on AI Advertising Boom — Profit Doubles Forecast, Stock Jumps 15%
TradingKey - Fueled by artificial intelligence in advertising, community-driven social platform Reddit (RDDT) delivered a blockbuster second-quarter performance, reporting record profits and strong forward guidance that far exceeded expectations.
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Fri, Aug 1
WRAPUP 7-Trump hits dozens more countries with steep tariffs
Mexico avoids 30% tariff on non-automotive, non-metals goodsA 35% tariff on many Canadian goodsBrazil hit with 50% tariff, some sectors excludedChina trade deal not finalized, August 12 deadline loomsTrump administration teases additional trade dealsBy David Lawder, Trevor Hunnicutt and Aida Pelaez-...Reuters
Fri, Aug 1
Google’s Android Monopoly Cracks as Court Upholds Epic Ruling, Opening Google Play to Competition
TradingKey - On Thursday, July 31, the U.S. Ninth Circuit Court of Appeals rejected Google’s appeal in the Epic Games antitrust case, upholding the lower court’s 2023 ruling that Google illegally maintained a monopoly over app distribution and payment systems on the Android platform.
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Fri, Aug 1
South Korea’s KOSPI Tumbles Nearly 4% as Tax Hike Plans and US Tariffs Loom
TradingKey - South Korea's KOSPI index dropped over 3% at Friday's opening, marking the biggest decline since early April. This fall is attributed to the South Korean government unveiling a tax reform proposal on Thursday to increase corporate tax rates and securities transaction taxes, compounded bTradingKey
Fri, Aug 1
Memory Chip Landscape Reshuffled — NVIDIA Lifts SK Hynix to No. 1, Samsung is Fighting Back
TradingKey - In the second quarter of 2025, the global memory chip market saw a historic shift: SK Hynix surpassed Samsung in quarterly memory revenue for the first time, driven by surging demand from its key AI client, NVIDIA, for high-bandwidth memory (HBM). However, the competitive dynamics
TradingKey
Fri, Aug 1
Coinbase Misses on Revenue and Profit — Pivots Toward “Universal Exchange” Strategy
On Thursday, July 31 (ET), U.S.-based crypto giant Coinbase (NASDAQ: COIN) reported disappointing Q2 earnings, sending its stock down 9.23% in after-hours trading to $342.91, touching its July 2 low.
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Fri, Aug 1
Figma Soars 250% on IPO Day — Early VCs Reap 70x Returns as Adobe Regrets Missed Deal
TradingKey - Figma (FIG), the leading collaborative design platform, made a spectacular debut on the New York Stock Exchange on Thursday, July 31, with its stock surging more than 250% on its first trading day. The strong performance turned early venture capital investments into massive gains, with
Apple’s AI Makeover Begins: With Solid Earnings, Cook Eyes Big Moves — Including a Perplexity Deal?
TradingKey - Apple's CEO Tim Cook signals a strategic shift in the earnings call, stating that the company is significantly increasing investment in artificial intelligence and is open to acquiring external companies to accelerate its AI development, raising the possibility that Apple may
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Fri, Aug 1
