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Australia's tech stocks slump; set for a weekly gain as Nasdaq roars to record
** Australian technology stocks .AXIJ are down 0.7%, but still on track for a 2% weekly gain** Sub-index currently down in tandem with overnight Wall Street losses .N** However, AXIJ set for its best week since July 18 after tech-heavy Nasdaq hit a closing high overnight; its 17th closing high so faReuters
Fri, Aug 8
Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports
Aug 8 (Reuters) - China's state-owned shipping giant Cosco 601919.SS aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale previously praised by U.S. President Donald Trump, the Financ...Reuters
Fri, Aug 8
Japan says US promises to fix double tariff oversight
Japan says US will not stack 15% tariff on other dutiesUS also promised order to lower auto tariff, Japan saysNot clear if $550 billion investment pledge discussedBy Kantaro Komiya and Tim Kelly TOKYO, Aug 8 (Reuters) - The U.S. government on Thursday promised to amend a presidential executive oReuters
Fri, Aug 8
Japan bonds fall as stock rally slashes demand for safe-haven debt
By Kevin Buckland TOKYO, Aug 8 (Reuters) - Japanese government bonds (JGBs) fell on Friday, pushing yields higher, as a rally in stock markets spurred investors to sell safe-haven debt, with hawkish signals from the Bank of Japan also weighing on bond prices.The 10-year JGB yield JP10YTN=JBTC ros...Reuters
Fri, Aug 8
Morgan Stanley Q2 EPS Falls 38%
Key PointsGAAP earnings per share of $0.41 missed analyst estimates by $0.10 and down from the prior year's $0.66 per share (GAAP).Total investment income (GAAP) was $99.5 million, coming in below expectations.Net asset value per share declined to $20.59The Motley Fool
Fri, Aug 8
Dogecoin (DOGE) Advances Boldly—Is a Surge Just Around the Corner?
Dogecoin started a fresh increase from the $0.1950 zone against the US Dollar. DOGE is now consolidating and might aim for more gains above $0.2250. DOGE price started a fresh increase above the $0.2120 level. The price is trading above the $0.2150 level and the 100-hourly simple moving average. The
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Fri, Aug 8
Stephen Miran and the “MAGA-ization” of the Fed: Mar-a-Lago Architect, Crypto Advocate, and Fed Reformer
TradingKey - In a move that could reshape the Federal Reserve’s policy direction, President Donald Trump has nominated Stephen Miran, current Chair of the White House Council of Economic Advisers, to fill the vacant seat left by Governor Adriana Kugler. Miran’s appointment — even if temporary — hasTradingKey
Fri, Aug 8
Meta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says
By Chandni Shah and Surbhi Misra Aug 7 (Reuters) - Meta META.O has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital OWL.N to spearhead a $29 billion financing for its data center expansion in rural Louisiana, a person familiar with the matter told Reuters.PIMCO will han...Reuters
Fri, Aug 8
Japan index hits record high on earnings boost, other Asian markets ease
SINGAPORE, Aug 8 (Reuters) - Japanese shares surged on Friday after positive earnings reports and expectations the U.S. would remove overlapping tariffs on the country's goods, while shares were down in other Asian markets after a late retreat on Wall Street during the previous session.Reuters
Fri, Aug 8
China's SMIC says Trump tariffs did not cause expected 'hard landing'
BEIJING, Aug 8 (Reuters) - Semiconductor Manufacturing International Corp (SMIC) co-CEO Zhao Haijun said U.S. President Donald Trump's tariff policy had not resulted in the "hard landing" that China's top foundry was initially worried about, during an earnings call on Friday.Despite ...Reuters
Fri, Aug 8
Wall Street mixed as oil prices decline for 6th session
NEW YORK/LONDON, Aug 7 (Reuters) - Major Wall Street indexes were mixed on Thursday, with the Dow and S&P 500 ending lower, as European stocks closed at a one-week high on strong financial stocks and hopes of a Ukraine ceasefire.Reuters
Fri, Aug 8
Trump administration will end $7 billion solar energy grant program
Aug 7 (Reuters) - The U.S. Environmental Protection Agency will end a $7 billion Biden-era grant program that sought to expand solar energy to low-income communities, Administrator Lee Zeldin said in a post on X on Thursday.Reuters
Fri, Aug 8
Trump tariffs split Japan Inc as Toyota cuts forecast while Sony, Honda raise
TOKYO, Aug 7 (Reuters) - U.S. President Donald Trump's tariffs are cleaving Japan Inc, as some big exporters like Toyota Motor slash their profit forecasts while Sony and Honda are among those saying the impact will be less than they had feared.Reuters
Fri, Aug 8
SoundHound AI Q2 revenue jumps 217%, beats expectations
OverviewSoundHound AI Q2 revenue rises 217% yr/yr, beating analyst expectations, per LSEG dataAdjusted EBITDA loss of $14.3 mln beats analyst estimatesCo raises full-year revenue outlook, reflecting confidence in growthOutlookSoundHound raises full-year 2025 revenue outlook to $160 mln - $178...Reuters
Fri, Aug 8
Weak US 30-year bond sale caps week of subpar Treasury auctions
NEW YORK, Aug 7 (Reuters) - The U.S. Treasury's sale on Thursday of new 30-year bonds amounting to $25 billion showed poor demand, wrapping up a week of disappointing auctions that resurrected doubts about investor demand in the world's largest fixed-income market.Reuters
Fri, Aug 8
Trump signs order broadening access for alternative assets in 401(k)s
Proponents say investors will have access to new assets with higher returnsCritics warn of increased risk and litigation concernsBlackRock plans new fund with private equity and credit assetsBy Isla Binnie and Nandita Bose WASHINGTON, Aug 7 (Reuters) - U.S. President Donald Trump signed an execut...Reuters
Thu, Aug 7
Oil falls on announcement of Trump-Putin meeting
Oil prices have fallen over 9% the last weekOPEC+ to raise oil production by 547,000 barrels per day in SeptemberInvestors cautious after Trump tariffs on IndiaBy Stephanie Kelly NEW YORK, Aug 7 (Reuters) - Oil prices dropped on Thursday for a sixth consecutive session after the Kremlin said Russ...Reuters
Thu, Aug 7
CORRECTED-Toyota warns of $9.5 billion tariff hit, slashes annual profit forecast
Toyota forecasts 16% fall in full-year operating profit Japanese automakers face pressure from US import tariffsToyota plans new vehicle factory in JapanToyota shares fall 1.5% after earningsBy Daniel Leussink TOKYO, Aug 7 (Reuters) - Japan's Toyota Motor 7203.T said on Thursday it expected ...Reuters
Thu, Aug 7
