News
Important Only
Firefly raises $868 million in upsized US IPO as it sets sights on a positive liftoff
By Pritam Biswas and Arasu Kannagi Basil Aug 6 (Reuters) - Northrop Grumman-backed Firefly Aerospace priced its upsized U.S. initial public offering at $45 per share on Wednesday, raising $868.3 million, and indicating strong demand for the buzzy space technology startup that put a lander on theReuters
Thu, Aug 7
SoftBank Group swings to profit in first quarter, Stargate timeline delayed
TOKYO, Aug 7 (Reuters) - Japanese technology investor SoftBank Group 9984.T on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio.Reuters
Thu, Aug 7
Cheap Cryptos Under $1 That Could Explode
In a market increasingly driven by utility and innovation, Mutuum Finance (MUTM) and Cardano (ADA) are rapidly turning heads in the under-$1 crypto market. Mutuum Finance is now in presale phase 6 at $0.035, a 16.17% increase from the last phase.Cryptopolitan
Thu, Aug 7
Most European chip stocks climb as exemption blunts Trump's 100% tariff threat
** Most European chip stocks rise after President Donald Trump said the U.S. will impose 100% tariff on imported chips but exempted companies that manufacture in the U.S. or have committed to do so** STOXX Europe Technology index .SX8P up 1%, among best performers on the wider STOXX 600 .STOXX ** &#Reuters
Thu, Aug 7
World’s First RWA Registration Platform Launches in Hong Kong — Outpaces U.S. Yet Again
On Thursday, August 7, Hong Kong officially launched the world’s first Real World Asset (RWA) registration platform, marking a major milestone in the convergence of traditional finance and blockchain innovation.TradingKey
Thu, Aug 7
Sony hikes profit forecast seeing smaller tariff impact
Sony sees 70 billion yen tariff impact, down from MayJapanese companies adjusting expected tariff impactSony sees higher annual profit at games division Shares jump 4%By Sam Nussey TOKYO, Aug 7 (Reuters) - Sony 6758.T raised its full-year operating profit forecast on Thursday by 4% to 1.33 trilli...Reuters
Thu, Aug 7
AppLovin Q2 Ad Revenue Soars 77% as AI Advertising Profitability Benchmark
TradingKey - AppLovin (APP) released its Q2 2025 fiscal results after Wednesday’s market close, with actual performance and Q3 revenue guidance significantly exceeding Wall Street’s average estimates, driven by its AI advertising engine model AXON.
TradingKey
Thu, Aug 7
Bakkt Targets Japan’s Marusho Hotta with 30% Acquisition — A Strategic Push into Bitcoin Treasury
Despite the strategic significance, Bakkt’s stock rose just 2.52% to $9.77, remaining near its 2025 lows. Analysts suggest the market may be waiting for Bitcoin to break above $120,000 before pricing in upside potential.
TradingKey
Thu, Aug 7
German industrial output lowest since pandemic, exports exceed forecasts
Aug 7 (Reuters) - Germany's industrial output fell in June to its lowest level since the pandemic in 2020, extending last year's declines amid weakening foreign demand and increasing competition from China, while exports rose more than expected, data showed on Thursday.Reuters
Thu, Aug 7
Japan's Topix hits record high on easing US tariff worries, domestic firms' outlook
TOKYO, Aug 7 (Reuters) - Japan's Topix index closed at a record high on Thursday after worries about the impact of U.S. tariffs eased, and increased investor optimism about strong performance of domestic firms.Reuters
Thu, Aug 7
Duolingo Soars 20% After Hours — AI Strategy Survives Backlash, Strong Q2 Growth and Expansion Beyond Language
TradingKey - Despite backlash over its AI-driven strategy, Duolingo (DUOL) delivered a blowout second-quarter performance on Wednesday, August 6, reporting revenue and subscriber growth that exceeded expectations and raising its full-year guidance. The strong results sent shares up nearly 20% in
TradingKey
Thu, Aug 7
Cao Cao Mobility Surges 20% After Announcing Entry into Stablecoins and RWA Tokenization
On Thursday, August 7, shares of Cao Cao Mobility (HK.2463) soared over 20% intraday, hitting a peak of HK$61.50, marking the company’s largest single-day gain since its IPO. By midday, the rally had slightly cooled, with the stock trading at HK$58.80, up 19%.TradingKey
Thu, Aug 7
Trump says US to levy 100% tariff on imported chips, but some firms exempt
Trump says tariffs to exclude firms building in AmericaTSMC seen as likely to be exempt due to US factoriesSouth Korea says will have the most favourable levies100% tariffs would be devastating for Philippines - business leader Chip tariffs expected to affect China's SMIC and HuaweiBy Andrea Sha...Reuters
Thu, Aug 7
Federal Reserve Signals Major Shift — Explores Using Gold Reserve Gains to Fund Bitcoin Holdings
On August 7, the Federal Reserve released a research note exploring the possibility of using valuation gains from U.S. gold reserves to fund a Strategic Bitcoin Reserve, marking a dramatic shift in its stance toward digital assets.
Disney Traditional Media Cracks as Streaming Bets on NFL to Reverse Decline
TradingKey - Disney reported better-than-expected Q3 2025 fiscal results before Wednesday’s market open, though traditional television and film businesses continued to weigh on performance. Shares closed down 2.66% at $115.17, marking a 6.49% decline over the past month.
TradingKey
Thu, Aug 7
Apple’s U.S. Investment and Semiconductor Tariff Exemptions Could Lift Apple-Linked and Chip Stocks
TradingKey - While President Donald Trump’s announcement of a 100% tariff on imported semiconductors initially sparked alarm, analysts say the move may be more symbolic than impactful — especially given the broad exemptions for companies investing in or manufacturing in the U.S. The policy is now
Japan's Topix hits record high on Wall Street rally, solid earnings
By Junko Fujita TOKYO, Aug 7 (Reuters) - Japan's Topix index touched a record high on Thursday, tracking strong overnight gains on Wall Street, while solid corporate earnings from domestic firms reinforced expectations of wage growth.The broader Topix .TOPX was up nearly 1% at 2,993.14, as of...Reuters
Thu, Aug 7
Bank of Korea governor says US trade deal removes 'huge burden'
SEOUL, Aug 7 (Reuters) - South Korea's trade deal with the U.S. will "take a huge burden off" monetary policymakers at their upcoming meeting later this month, the country's central bank governor said on Thursday. "I thought we would be in a difficult situation if things went wro...Reuters
Thu, Aug 7
