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Block Set to Launch Bitcoin Mining Chip — Ark Invest Makes Aggressive Stock Buyback
Less than a month after trimming its position, Cathie Wood’s Ark Invest has made a surprising move: purchasing $19.2 million worth of Block (NYSE: XYZ) shares. The buyback comes amid growing speculation around Block’s upcoming product launch and signals renewed confidence in the company’s crypto st
Asian stocks rally as US-China extend tariff truce; investors eye US CPI
Aug 12 (Reuters) - Asian stocks climbed and currencies mostly steadied on Tuesday after the U.S. and China extended their tariff truce to November, tamping down market jitters ahead of a closely watched U.S. inflation reading due later in the day.Reuters
Tue, Aug 12
U.S. IPO Profitability Test: Can Circle and CoreWeave Justify Their Surging Stock Prices?
TradingKey - On Tuesday, August 12, Circle (CRCL) and CoreWeave (CRWV) will respectively release their first and second earnings reports since going public. Both stocks have more than doubled since their IPOs in 2025, but concerns over their business models and profitability remain.
Trump opens door to sales of version of Nvidia's next-gen AI chips in China
Trump also confirms Nvidia, AMD to give China AI chip revenues to governmentNvidia says company follows rules set by US governmentUS official says admin does not feel sale of chips compromises national securityBy Karen Freifeld, Arsheeya Bajwa, Trevor Hunnicutt and Alexandra Alper Aug 11 (Reuters...Reuters
Tue, Aug 12
Asia stocks mostly higher as tariff truce supports sentiment
SINGAPORE, Aug 12 (Reuters) - Most Asian stocks rose on Tuesday, buoyed by an extension of a tariff truce between the world's two largest economies, while Japanese shares hit an all-time peak, powered by tech shares after returning from a long weekend break.Reuters
Tue, Aug 12
Japanese Yen slides to over one-week low against mostly flat USD amid BoJ uncertainty
The Japanese Yen (JPY) drifts lower against its American counterpart for the third straight day and slides to a one-and-a-half-week low during the Asian session on Tuesday. Against the backdrop of political uncertainty, the potential negative impact of higher US tariffs on the domestic economy...
Fxstreet
Tue, Aug 12
Australia business mood brightens as activity holds up
SYDNEY, Aug 12 (Reuters) - A measure of Australian business confidence rose to a three-year high in July thanks to strength in services and construction, a survey showed on Tuesday, though rising costs also put upward pressure on retail prices.Reuters
Tue, Aug 12
Goldman Sachs maintains TTF gas price forecast for 2025, 2026
Aug 11 (Reuters) - Goldman Sachs maintained its price forecast for Title Transfer Facility (TTF) gas at 37 euros per megawatt hour (MWh) for the balance of 2025 and at 30 euros per MWh for 2026, it said in a research note on Monday.Reuters
Tue, Aug 12
GM taps former Tesla Autopilot chief to relaunch driverless car plans, moves on from 2024 failure
General Motors (GM) is giving its driverless car dreams another shot. However, instead of trying to enter the robotaxi sweepstakes, the American automaker is reportedly steering toward personally owned autonomous vehicles.Cryptopolitan
Tue, Aug 12
RBA expected to cut interest rate as inflation cools, unemployment rises
The Reserve Bank of Australia (RBA) is expected to announce a 25 basis points (bps) cut to the Official Cash Rate (OCR) to 3.6% from 3.85% following the conclusion of its August monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.
Fxstreet
Tue, Aug 12
PRECIOUS-Gold falls as markets await inflation data, Trump clarifies no tariffs on gold
US CPI due on Tuesday, PPI on Thursday Trump and Putin to meet to discuss Ukraine peace dealPalladium up over 2% By Ashitha Shivaprasad Aug 11 (Reuters) - Gold prices fell on Monday after President Donald Trump said tariffs will not be placed on imported gold bars, while investors awaited a U.S. ...Reuters
Mon, Aug 11
Paramount to become exclusive US home for UFC in $7.7 billion streaming deal
Aug 11 (Reuters) - Skydance-owned Paramount will become the exclusive U.S. home of Ultimate Fighting Championship under a seven-year streaming deal valued at about $7.7 billion, the first major strategic move by the newly merged media giant under new CEO David Ellison.Starting next year, Paramount+ ...Reuters
Mon, Aug 11
Intel CEO to visit White House on Monday, source says
Aug 11 (Reuters) - Intel INTC.O CEO Lip-Bu Tan was due to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, a source familiar with the matter said. Intel and the White House did not immediately respond to requests for comment.Tan is expected to have ...Reuters
Mon, Aug 11
Is the Memory Chip Spring Here? Micron’s Earnings Surge Sends Shares Up Nearly 5% Pre-Market
TradingKey - Micron Technology (MU) announced on Monday a significant upward revision to its financial guidance for the fourth quarter of fiscal 2025, citing a sharp improvement in DRAM pricing conditions. The news sent its stock up nearly 5% in pre-market trading.
TradingKey
Mon, Aug 11
BitMine Scoops Up Over 300,000 ETH in One Week — Stock Soars 10% in Pre-Market Trading
BitMine is now the third-largest crypto treasury globally, trailing only MicroStrategy and MARA Blockchain, and ranks as the 25th most liquid U.S. stock, trading an average of $2.2 billion per day.
TradingKey
Mon, Aug 11
