News
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Drug, semiconductors tariffs to be separate, White House says amid Japan deal
WASHINGTON, July 23 (Reuters) - Japan won't be treated worse than other U.S. trading partners when it comes to tariffs on medicines and semiconductor chips, a White House official said on Wednesday after their announced trade deal, adding that those rates will be negotiated separately.Reuters
Wed, Jul 23
Wall Street poised for higher open as US-Japan trade deal lifts sentiment
Futures up: Dow 0.52%, S&P 500 0.35%, Nasdaq 0.08% Tariffs on Japanese autos cut to 15% from 27.5%AT&T beats quarterly profit estimates, but shares slipTexas Instruments slumps as tariff uncertainty hits demandBy Nikhil Sharma and Pranav Kashyap July 23 (Reuters) - Wall Street was poised ...Reuters
Wed, Jul 23
Trump again calls for Fed board to act, says Powell 'doesn't get it'
July 23 (Reuters) - U.S. President Donald Trump on Wednesday reiterated his criticism of Federal Reserve Chairman Jerome Powell amid his ongoing call for lower rates, and called on the central bank's board to act."Our Rate should be three points lower than they are, saving us $1 Trillion per...Reuters
Wed, Jul 23
Wall Street Futures Boosted By US-Japan Trade Deal; Abivax Soared 490%; Fiserv Down 17%; Opendoor Down 10%
U.S. stock index futures rose on Wednesday after President Donald Trump clinched a trade deal with Japan, fueling hopes for a wave of new agreements ahead of the fast-approaching August 1 deadline.Market SnapshotAt 8:13 a.m. ET, S&P 500 E-minis were up 24 points, or 0.38%, Nasdaq 100 E-minis were upTiger News
Wed, Jul 23
US Treasury Sec. Bessent: Not in a rush to nominate Powell's replacement
In an interview with Bloomberg TV on Wednesday, United States (US) Treasury Secretary Scott Bessent noted that they are not in a rush to nominate a new Federal Reserve (Fed) chair to replace Chairman Jerome Powell.Fxstreet
Wed, Jul 23
Intel's chip contracting plan in spotlight on earnings day
By Arsheeya Bajwa July 23 (Reuters) - Faced with slumping quarterly sales and a burgeoning loss, Intel INTC.O shareholders will want to know new CEO Lip Bu-Tan's plans for the chipmaker's nascent contract manufacturing business. Intel is set to report its sixth consecutive net loss on Thu...
Reuters
Wed, Jul 23
OpenAI and Oracle Reunite to Develop 4.5 GW Stargate Data Center
TradingKey - On July 22, OpenAI announced that it has reached an agreement with Oracle to develop a 4.5-gigawatt "Stargate" data center in the United States. This ambitious project is expected to create over 100,000 jobs across the country.
TradingKey
Wed, Jul 23
Nikkei Climbs Back to 40,000, Reaching Yearly High, While Japanese Bonds Plummet
TradingKey - On Tuesday, Eastern Time, President Trump announced a trade agreement with Japan, reducing tariffs on Japanese imports to 15%. Meanwhile, rumors of Japanese Prime Minister Shigeru Ishiba's planned resignation emerged, causing Japanese stocks to soar sharply, while bonds plunged.TradingKey
Wed, Jul 23
Japan's PM Ishiba denies he has decided to quit
By Tim Kelly, Satoshi Sugiyama and Leika KiharaTOKYO, July 23 (Reuters) - Japanese Prime Minister Shigeru Ishiba denied on Wednesday he had decided to quit after a source and media reports said he planned to announce his resignation to take responsibility for a bruising upper house election defeat.A...Reuters
Wed, Jul 23
JPMorgan to Accept Bitcoin as Loan Collateral in 2026: Dimon's Stunning Reversal on Crypto
TradingKey - According to the Financial Times, JPMorgan Chase (JPM), one of the largest U.S. banks, is exploring a significant business innovation: offering crypto-backed loans to clients holding cryptocurrencies — primarily Bitcoin and Ethereum — as early as 2026.TradingKey
Wed, Jul 23
Trump pulls US out of UN cultural agency UNESCO for second time
UNESCO boss says decision regrettable but expectedWhite House says UNESCO supports 'woke' causesIsrael welcomes US decision to pull outBy John Irish and Doina Chiacu PARIS/WASHINGTON, July 22 (Reuters) - President Donald Trump has decided to pull the United States out of the "woke"...Reuters
Wed, Jul 23
BOJ sees trade deal as raising chance of meeting inflation goal
BOJ to keep raising rates if economy improves, Uchida saysJapan-US trade deal reduces economic uncertaintyInflation overshooting expectations, may broadenBOJ to meet July 30-31, issue quarterly outlook reportBy Leika Kihara KOCHI, Japan, July 23 (Reuters) - Japan's trade deal with the U.S...Reuters
Wed, Jul 23
Dollar holds losses after Trump announces Japan trade deal, yen wobbles
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeYen wavers as investors weigh Ishiba resignation, trade dealJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar s...
Reuters
Wed, Jul 23
Trump strikes trade deal with Japan to cut tariffs
Deal includes $550 billion Japanese investment packageTariffs on Japanese goods cut to 15% from 25%Japanese stocks jump, yen strengthens vs dollarBy Trevor Hunnicutt, Jasper Ward and Mariko Katsumura WASHINGTON/TOKYO, July 22 (Reuters) - The United States and Japan struck a deal to lower the heft...Reuters
Wed, Jul 23
15% US Tariffs on Japanese Imports Finalized; Trump Claims "Major Trade Victory"
TradingKey - On July 22 (local time), U.S. President Donald Trump announced via social media that the U.S. and Japan had reached an "unprecedented large-scale trade agreement" on tariffs. Under the deal, the U.S. will impose 15% reciprocal tariffs on Japanese goods, effective August 1. In return...TradingKey
Wed, Jul 23
Japan stocks jump, bonds slide after Trump says trade deal reached
TOKYO, July 23 (Reuters) - Japanese automaker shares led the Nikkei share average higher on Wednesday, while bonds slid after U.S. President Donald Trump said he had reached a trade deal with Tokyo.The Nikkei .N225 leapt 2% in early trading, with the Tokyo Stock Exchange's transport equipment...Reuters
Wed, Jul 23
