News
Important Only
Rumors of Trump Firing Powell Lifts 30-Year Treasury Yields Above 5%; Wall Street Warns of Higher Levels
TradingKey - On Wednesday, July 16th, Eastern Time, long-term US Treasury yields soared following reports that President Trump was set to dismiss Federal Reserve Chairman Jerome Powell, only to retract somewhat after Trump denied the claims. The 30-year US Treasury yield remains above 5%.TradingKey
Thu, Jul 17
Pharma Giant Flexes Financial Muscle — Novartis Posts Strong Earnings, Announces $10 Billion Buyback
TradingKey - In the early hours of July 17 (U.S. Eastern Time), Swiss pharmaceutical giant Novartis (NVS.US) released its Q2 2025 earnings report and announced a new share buyback program of up to $10 billion.
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Thu, Jul 17
Japan’s “Triple Selloff” Risk — Stocks, Bonds, and Yen All Under Pressure Ahead of Sunday’s Upper House Election
TradingKey - On Sunday, July 20, Japan will hold its upper house election, a vote that could reshape the country’s political and fiscal trajectory. Analysts are sounding the alarm: if the ruling coalition fails to secure a majority, it could trigger a rare “triple selloff” in Japanese stocks, bonds
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Thu, Jul 17
TSMC posts record quarterly profit on AI demand, but wary about tariffs
TSMC posts 60% jump in second-quarter profitOutlook clouded somewhat by strong Taiwan dollar/tariffsCompany says demand for AI is only getting stronger By Wen-Yee Lee, Faith Hung and Ben Blanchard TAIPEI, July 17 (Reuters) - TSMC 2330.TW, the world's main producer of advanced AI chips, posted...Reuters
Thu, Jul 17
OpenAI Teams Up with Google Cloud: Can This Deal Cure Microsoft Dependency?
TradingKey - On July 17, OpenAI updated its vendor list on its official website, confirming Google Cloud as one of its partners. This move reflects OpenAI's significant step toward diversifying its computing resource supply and further reducing dependency on its long-term partner, Microsoft.
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Thu, Jul 17
Walmart Slashes Hundreds of Mid-Level Support Roles — Management Restructuring Underway
TradingKey - U.S. retail giant Walmart (WMT.US) is reportedly cutting hundreds of in-store support positions, including roles such as market coordinators and certain training staff. The move is part of the company’s broader strategy to streamline its organizational structure and enhance operational
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Thu, Jul 17
Emerging market ex-China equity funds' assets hit record high
July 17 (Reuters) - Net assets of emerging market (EM) equity funds that exclude China hit a record high in June, Morningstar data showed, as investors favored Latin America and Southeast Asia and took a more selective approach to the slowing Chinese economy.Reuters
Thu, Jul 17
TSMC Q2 Profit Skyrockets 60% to Record High as Revenue, Margins Crush Estimates
TradingKey - TSMC (TSM) delivered a stellar Q2 2025 performance, with both revenue and profits exceeding market expectations. Q2 revenue reached NT$933.8 billion (US$319.5 billion), a year-over-year (YoY) increase of 38.6%, significantly surpassing market estimates of NT$927.8 billion and the...
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Thu, Jul 17
EU stalls probe into Musk's X amid US trade talks, FT reports
July 17 (Reuters) - The European Commission has stalled one of its investigations into Elon Musk's social media platform X for breaching its digital transparency rules while it seeks to conclude trade talks with the U.S., the Financial Times reported on Thursday. The Commission will miss the dea...Reuters
Thu, Jul 17
TSMC Q2 profit surges 60%, reaches historic high
TAIPEI, July 17 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, posted a 60.7% jump in second-quarter net profit on Thursday, beating market forecasts and hitting a historic high as it benefited from surging demand for semiconductors used in artificial intelligence applications...Reuters
Thu, Jul 17
Crypto Relief: House Advances GENIUS, CLARITY, Anti-CBDC Bills After Narrow Vote
Crypto legislation appears to be back on track after US lawmakers passed a motion to reconsider three crucial digital asset bills in a narrow vote. This effort follows Tuesday’s failed attempt to advance the proposed legislation to a floor debate during the “Crypto week.”NewsBTC
Thu, Jul 17
China’s tightest rare-earths headlock is financial
LONDON, July 17 (Reuters Breakingviews) - Western leaders are belatedly waking up to the fact that China has a stranglehold on rare earths. European Commission President Ursula von der Leyen, for example, warned at last month’s G7 summit that the People’s Republic was “weaponizing” its “quasi-monopoReuters
Thu, Jul 17
China, HK shares rise on auto, AI gains, Citi upgrade
HONG KONG, July 17 (Reuters) - Chinese and Hong Kong shares edged up on Wednesday, buoyed by regulatory support for the auto sector and renewed optimism in AI-related stocks, while Citi upgraded China equities citing improved earnings trends and structural growth themes.
Meme Coins Surge! Bonk Skyrockets Over 30%
On Thursday morning, July 17 (Asia time), the meme coin sector surged nearly 8%, pushing its total market capitalization past $72 billion, a level not seen since May 2025. Since bottoming out on June 23, meme coins have rebounded more than 53%, signaling a strong market recovery.
Japan's chip share selloff sends Nikkei lower on ASML revenue warning
By Kevin Buckland TOKYO, July 17 (Reuters) - Japan's Nikkei share average edged lower on Thursday, pulled down by a selloff in chip-related shares after Dutch chip-making tool supplier ASML ASML.AS sounded a revenue warning.The tech-heavy Nikkei .N225 was down 0.3% at 39,544.62, as of 0214 GM...Reuters
Thu, Jul 17
