News
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Gaza truce possible in one or two weeks but not in a day, Israeli official says
WASHINGTON, July 9 (Reuters) - Israel and Hamas may be able to reach a Gaza ceasefire and hostage-release deal within one or two weeks but such an agreement is not expected to be secured in a day's time, a senior Israeli official said on Wednesday.Speaking during Israeli Prime Minister Benjamin ...Reuters
Thu, Jul 10
Copper prices in London, China hover near 3-week lows on looming 50% US tariff
By Hongmei Li SINGAPORE, July 10 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange were under pressure on Thursday, hovering near a three-week low, amid U.S. President Donald Trump's plans to start imposing a 50% copper import tariff on August 1.Trump announ...Reuters
Thu, Jul 10
Trump imposes 50% tariffs on Brazil after spat with Lula
WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."Reuters
Thu, Jul 10
Bitcoin soars to all-time peak just shy of $112,000
NEW YORK, July 9 (Reuters) - Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.
Reuters
Thu, Jul 10
Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone
July 9 (Reuters) - Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this
Reuters
Thu, Jul 10
Fed minutes show little support for interest rate cut later this month
WASHINGTON, July 9 (Reuters) - Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's useReuters
Thu, Jul 10
Samsung's bet on foldable phones faces major test with slimmer new model
SEOUL, July 9 (Reuters) - Samsung Electronics 005930.KS on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple AAPL.O.Reuters
Thu, Jul 10
US Treasury's Bessent to skip South Africa G20 meeting, heading to Japan
Bessent to represent US at 2025 World Expo in OsakaTreasury chief also missed G20 meeting in February Trump announced 30% tariff on South Africa, 25% on Japan By Andrea Shalal WASHINGTON, July 8 (Reuters) - U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in...Reuters
Wed, Jul 9
"Kevin vs Kevin" Battle for Fed Chair Ignites as Trump's Succession Game Rattles Markets
TradingKey - According to renowned Wall Street Journal journalist Nick Timiraos, internal discussions within the Trump administration are focused on two frontrunners—Kevin Hassett, the Director of the National Economic Council, and Kevin Warsh, a former Federal Reserve governor—who are vying for...TradingKey
Wed, Jul 9
200% Drug Tariff Ultimatum by Trump: Are Patients the Victims of Tariffs?
TradingKey - During a Cabinet meeting at the White House on July 8, Trump announced plans to impose tariffs of up to 200% on imported drugs, requiring pharmaceutical companies to relocate their production chains to the United States and granting them a 1 to 1.5-year adjustment period. If companies..
TradingKey
Wed, Jul 9
Stocks and oil gain as traders shrug off Trump's tariff news
PARIS, July 9 (Reuters) - European stocks rose on Wednesday as traders seemed untroubled by U.S. President Donald Trump's announcement that he would impose a 50% tariff on imported copper and soon introduce levies of up to 200% for pharmaceuticals.
Reuters
Wed, Jul 9
Apple eyes US Formula 1 broadcast rights after 'F1: The Movie' success, FT reports
July 9 (Reuters) - Apple AAPL.O is in talks to acquire U.S. broadcast rights to screen Formula 1 racing when the contract becomes available next year, the Financial Times reported on Wednesday, citing people familiar with the matter. The report follows the strong performance of Apple's high-o...Reuters
Wed, Jul 9
Tesla's Political Risk Grows as Musk Launches "American Party" — But Analysts Say That's Not Its Biggest Problem
TradingKey - Tesla shares have taken a severe hit this week, plunging nearly 7% on Monday, July 7, and wiping more than $68 billion off the company’s market value in a single day.TradingKey
Wed, Jul 9
30-Year Treasury Yield Nears 5% Again as Bulls Retreat and Global Bond Markets Falter
TradingKey - U.S. long bonds extended their selloff for a fifth straight session, with the 30-year Treasury yield climbing toward the closely watched 5% threshold—its highest level since mid-June. A combination of fading demand for long-duration debt globally, renewed uncertainty from Donald Trump'sTradingKey
Wed, Jul 9
