News
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Thai finance minister 'a little surprised' by 36% US tariff rate
BANGKOK, July 8 (Reuters) - Thailand's Finance Minister expressed surprise on Tuesday at a U.S. decision to place a 36% tariff on Thai goods, despite last-ditch negotiation efforts.Finance Minister Pichai Chunhavajira told Channel 3 television a revised trade proposal from Thailand had not yet b...Reuters
Tue, Jul 8
Yen stumbles as Trump imposes 25% tariffs on Japan
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen, South Korean won struggle to recover from lossesConcerns over global economic outlook persistRBA expected to cut rates on July 8By Rae Wee SINGAPORE, July 8 (Reuters) - The yen fell broadly on Tuesday while the dollar held steady as ...
Reuters
Tue, Jul 8
Tesla slides as Musk's 'America Party' heightens investor worries
July 7 (Reuters) - Tesla TSLA.O shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.Reuters
Tue, Jul 8
Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla
July 7 (Reuters) - Wall Street's major indexes closed sharply lower on Monday, after U.S. President Donald Trump announced hefty tariffs against Japan, South Korea and other trading partners while Tesla shares sank after CEO Elon Musk said he was forming a new U.S. political party.Reuters
Tue, Jul 8
EU avoids US tariff letter, eyes concessions, EU sources say
BRUSSELS, July 7 (Reuters) - The European Union will not receive a letter from the United States setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday, and is eyeing possible exemptions from the U.S. baseline levy of 10%.U.S. President Donald Trump began informing, iReuters
Tue, Jul 8
Apple's top AI executive Ruoming Pang leaves for Meta, Bloomberg News reports
July 7 (Reuters) - Apple's AAPL.O top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms META.O, Bloomberg News reported on Monday, citing people with knowledge of the matter.Pang, manager in charge of the company's Apple foundation...
Reuters
Tue, Jul 8
Oil rises as strong demand offsets big OPEC+ output hike
OPEC+ to raise output by 548,000 bpd in AugustGoldman expects a final 550,000 bpd OPEC+ hike for SeptemberUS higher tariffs to take effect on August 1By Arathy Somasekhar HOUSTON, July 7 (Reuters) - Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more ...Reuters
Mon, Jul 7
US STOCKS SNAPSHOT-Wall St opens lower on tariff jitters; Tesla down on Musk's political plans
July 7 (Reuters) - Wall Street's main indexes opened lower on Monday as tariff tensions kept investors on edge, while Tesla shares slid after CEO Elon Musk announced his plans to launch a political party.The Dow Jones Industrial Average .DJI fell 25.2 points, or 0.06%, at the open to 44,803.36. ...Reuters
Mon, Jul 7
New Lineup of U.S. Tech "Magnificent Seven": Apple and Tesla Removed, Broadcom and Oracle Added
TradingKey - Amid Apple’s delayed progress in upgrading artificial intelligence (AI) features and Tesla’s struggles with electric vehicle price wars and an unclear autonomous driving outlook, Wall Street has long been considering removing the two companies from the elite group of “Magnificent Seven”
China’s PBOC Buys Gold for Eight Consecutive Months, but Gold Prices Remain "Easier to Defend than to Advance"
TradingKey - Since July, gold prices have weakened due to easing geopolitical tensions and a cooling trade dispute. Although the People's Bank of China (PBoC) has been continuously increasing its gold reserves for eight months, providing some support to prices, momentum for a significant rally
TradingKey
Mon, Jul 7
BofA Chief Warns: "Big and Beautiful" Bill Could Trigger $50 Trillion Debt Bubble!
TradingKey - Recently, Michael Hartnett, Bank of America's Chief Investment Strategist, dubbed "Wall Street's Most Accurate Analyst," issued a report warning that U.S. federal government debt could surpass $50 trillion within seven years, based on projections of the "Big and Beautiful" bill's...TradingKey
Mon, Jul 7
US to make several trade announcements in next 48 hours, Treasury secretary says
WASHINGTON, July 7 (Reuters) - The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday."We've had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lo...Reuters
Mon, Jul 7
Three Scenarios for How U.S. Markets View “Uncertainty” as Trump’s Reciprocal Tariff Deadline Nears
TradingKey - With just two days remaining before the July 9 deadline set by U.S. President Donald Trump to end reciprocal tariff suspensions, uncertainty remains over the tariff levels, effective dates, and whether the deadline will be extended. Yet so far, U.S. markets have not shown signs of panicTradingKey
Mon, Jul 7
OPEC Accelerates Output Unexpectedly, Oil Price Support to Rely on Only “Two Factors” in Second Half of 2025
TradingKey - OPEC+ surprised the market by announcing its fourth consecutive round of crude oil production increases at its early July meeting — the scale of the increase far exceeded expectations and triggered a new supply shock, deepening concerns over oversupply in 2025 and weighing on oil prices
TradingKey
Mon, Jul 7
Samsung Profit Warning: Q2 Earnings May Plunge 39% Under Tech Lag & US Sanctions Vice
TradingKey - Samsung Electronics is expected to see its operating profit decrease by 39% year-over-year in Q2 2025, falling to 6.3 trillion won (approximately $ 5.6 billion), marking the lowest level in six quarters and the fourth consecutive quarter of decline.TradingKey
Mon, Jul 7
