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Samsung Elec Q2 profit likely to drop 39% on weak AI chip sales
SEOUL, July 7 (Reuters) - Samsung Electronics 005930.KS is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial intelligence chip leader Nvidia NVDA.O.Reuters
Mon, Jul 7
UK firms lose taste for US investment, Deloitte survey shows
By Andy Bruce July 7 (Reuters) - The attractiveness of the United States as an investment destination has plunged in the eyes of British business executives who now see opportunities closer to home, a survey showed on Monday.Deloitte's survey of chief financial officers at major British firms...Reuters
Mon, Jul 7
Trump says tariff letters to go out to other countries from Monday afternoon
July 6 (Reuters) - President Donald Trump said late on Sunday that the U.S. will start delivering tariff letters to other countries starting 12:00 pm ET (1600 GMT) on Monday."I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the Worl...Reuters
Mon, Jul 7
Samsung Elec Q2 profit likely to drop 39% on weak AI chip sales
Samsung's Q2 profit seen at 6.3 trln won, down from 10.4 trln won prior yearSupply of advanced AI chips to Nvidia fell behind targeted schedule, analysts sayUncertainty surrounding U.S. trade policy remains riskBy Heekyong Yang SEOUL, July 7 (Reuters) - Samsung Electronics 005930.KS is expect...Reuters
Mon, Jul 7
South Korea's LG Energy Solution says Q2 profit likely up 152% on year
SEOUL, July 7 (Reuters) - South Korea's LG Energy Solution (LGES) 373220.KS, an electric car battery supplier for General Motors GM.N and Tesla TSLA.O, on Monday estimated a 152% rise in its quarterly operating profit.Reuters
Mon, Jul 7
Gold prices drop as Trump signals trade deals, extends tariff reprieve
July 7 (Reuters) - Gold prices dropped on Monday after U.S. President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieve for several countries, dampening demand for the safe-haven metal.Reuters
Mon, Jul 7
Investment firm Azoria postpones Tesla ETF after Musk plans political party
July 6 (Reuters) - Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla TSLA.O CEO Elon Musk said he was forming a new U.S. political party.Musk made the announcement a day after polling his followers on the X soReuters
Mon, Jul 7
Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports
July 6 (Reuters) - Thailand, in its latest proposal to avert steep U.S. tariffs, is aiming to boost bilateral trade volumes with the U.S. and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg NReuters
Mon, Jul 7
US Treasury Sec. Bessent warns of tariff hike if no trade deals reached by August 1
US Treasury Secretary Scott Bessent said on Sunday that tariffs imposed in April will take effect on August 1 for countries that have not reached a trade deal with US President Donald Trump’s administration, per CNBC.Fxstreet
Mon, Jul 7
US President Donald Trump says tariff letters to 12 countries signed, going out Monday - Reuters
US President Donald Trump said on Saturday that he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the “take it or leave it” offers to be sent out on Monday, per Reuters.Fxstreet
Mon, Jul 7
Trump calls Musk's formation of new party "ridiculous" and criticizes his own NASA pick
WASHINGTON, July 6 (Reuters) - President Donald Trump on Sunday called Elon Musk's plans to form a new political party "ridiculous," launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interReuters
Mon, Jul 7
Oil falls slightly ahead of expected OPEC+ output increase
OPEC+ expected to boost output in AugustIran reaffirms commitment to nuclear nonproliferation treatyUS tariff risks resurface as July 9 deadline loomsBy Amanda Stephenson CALGARY, July 4 (Reuters) - Oil futures slipped slightly in thin holiday trading on Friday, as the market looked ahead to this...Reuters
Fri, Jul 4
ECB's Wunsch: Inflation risk more downward than upward
BERLIN, July 3 (Reuters) - The risk of inflation is pointing downwards rather than upwards, Belgium's central bank governor, Pierre Wunsch, told Germany's Handelsblatt newspaper in an interview published on Thursday.Speaking on the sidelines of a central bank conference in Sintra, the Europe...Reuters
Fri, Jul 4
U.S. Stocks Enter “Extreme Greed” Mode — BofA Sets Profit-Taking Level at 6,300 for S&P 500
TradingKey - Despite ongoing concerns over tariffs and rising U.S. fiscal deficits, investor optimism in U.S. equities remains strong. The S&P 500 and Nasdaq Composite hit new all-time highs on multiple occasions this week. CNN’s Fear & Greed Index has now entered the “extreme greed” zone, raising
TradingKey
Fri, Jul 4
Stocks and dollar dip as Trump's spending bill passes, trade deal deadline nears
LONDON, July 4 (Reuters) - Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world's biggest economy.Reuters
Fri, Jul 4
