News
Important Only
REITs end lower as US yields rise, Powell dents hopes for September rate cut
Shares of real estate investment trusts ended the regular session Wed with losses as Treasury yields rose in the wake of Federal Reserve Chair Jerome Powell comments that it is too soon to say whether the central bank will cut interest rates in September.Reuters
Wed, Jul 30
TREASURIES-US yields climb as Fed's Powell uncertain about September easing
NEW YORK, July 30 (Reuters) - U.S. Treasury yields rose on Wednesday after Federal Reserve Chair Jerome Powell said it's too soon to say whether the central bank will cut its interest rate target in September.Reuters
Wed, Jul 30
Microsoft Q4 Earnings Blow Past Estimates; Shares Rocket 8% After-Hours
TradingKey - On July 30, local time, Microsoft Corp. (MSFT) announced its fourth-quarter earnings after market close, surpassing market expectations. Its stock price surged more than 8% in after-hours trading, with a cumulative gain of 23% over the past six months.
TradingKey
Wed, Jul 30
In Line With Expectations, But Far From Calm — Fed Holds Rates Steady Once Again
TradingKey - On Wednesday afternoon (U.S. Eastern Time), the Federal Reserve once again delayed a rate cut, a decision widely anticipated by markets. This marks the fifth consecutive meeting at which the Fed has held rates steady, keeping the benchmark federal funds rate unchanged in the 4.25%–4.50%TradingKey
Wed, Jul 30
Equities retreat as Powell dampens Fed Sept cut hopes
July 30 (Reuters) - U.S. stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled expectations the central bank might be poised to cut rates at its September meeting.Reuters
Wed, Jul 30
Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand
July 30 (Reuters) - Qualcomm QCOM.O projected current-quarter sales above Wall Street expectations on Wednesday, wagering that growing AI capabilities in consumer devices will boost demand for its semiconductors despite ongoing global trade uncertainties.
Reuters
Wed, Jul 30
Chip tech provider Arm looks to design own processors in major shift
July 30 (Reuters) - Arm Holdings ARM.O is investing in developing its own chips, CEO Rene Haas said on Wednesday, marking a major shift to its model of licensing its blueprints to other companies."We are consciously deciding to invest more heavily — is the possibility of going beyond (designs)...
Reuters
Wed, Jul 30
U.S. 50% Copper Tariff Triggers Historic 18% COMEX Plunge; Mining Giants Suffer Collective Meltdown
TradingKey - On July 30, local time, the White House announced that President Trump had signed an executive order imposing a 50% universal tariff on imported semi-finished copper and copper-intensive derivative products, effective from August 1.TradingKey
Wed, Jul 30
Oil rises over 1% as investors weigh Trump's Russia stance, tariff threats
Trump vows sanctions unless Russia makes progress on peace dealTrump says US to impose 25% tariff on India from Aug 1US also warns China over Russian oil China unlikely to comply with US sanctions, analysts sayBy Arathy Somasekhar HOUSTON, July 30 (Reuters) - Oil prices settled 1% higher on Wedne...Reuters
Wed, Jul 30
WRAPUP 3-Fed holds rates steady despite Trump's pressure, with two governors dissenting
US central bank leaves policy rate in 4.25%-4.50% rangeTwo Fed governors dissent on policy decisionTrump has repeatedly demanded that Fed cut ratesBy Howard Schneider WASHINGTON, July 30 (Reuters) - The Federal Reserve held interest rates steady on Wednesday in a split decision that gave little i...Reuters
Wed, Jul 30
US FDA's top vaccine official Vinay Prasad leaves agency after 3 months
Departure follows recent criticism of regulatory decisionsAnalysts view departure as 'net positive' for biotech sector Shares of cell and gene therapy makers surge By Bhanvi Satija July 30 (Reuters) - The U.S. Food and Drug Administration's top vaccine official, Vinay Prasad, has left...Reuters
Wed, Jul 30
Trump and Bessent Play Good Cop, Bad Cop? Fed’s Doves and Hawks Clash Amid Rising Tensions
TradingKey - Ahead of the Federal Reserve’s interest rate decision, U.S. officials and policymakers have been increasingly vocal about their stance on monetary policy — revealing a deepening divide between political pressure and central bank independence.TradingKey
Wed, Jul 30
Wall Street mixed after GDP data; focus on Fed verdict, tech results
Indexes: Dow down 0.11%, S&P 500 up 0.05%, Nasdaq up 0.23%Hershey beats quarterly estimates, shares upU.S. GDP up 3% in Q2 By Nikhil Sharma and Pranav Kashyap July 30 (Reuters) - Wall Street traded within a tight range on Wednesday, as investors assessed second-quarter GDP data and braced for...Reuters
Wed, Jul 30
Harley-Davidson Rockets 24% to 6-Month High After Revenue Smash and HDFS Unit Sale
TradingKey - On July 30, Harley-Davidson Inc. released its latest earnings report showing revenue exceeding market expectations. The company also announced a major divestiture of its financial services division, driving its pre-market trading price to surge over 24% to $28.55—a six-month high.
TradingKey
Wed, Jul 30
Harley-Davidson sells $5 bln loan portfolio; tariff headwinds persist
Shares rise over 20%N. American Q2 sales fall 17%, Asia-Pacific drop 21%Company confirms launch of affordable "Sprint" modelBy Nathan Gomes July 30 (Reuters) - Harley-Davidson's HOG.N shares jumped more than 20% on Wednesday after it announced a sale of loans worth over $5 billion...Reuters
Wed, Jul 30
