News
Important Only
Trump says will send letters, probably starting Friday, laying out tariff rates
WASHINGTON, July 3 (Reuters) - President Donald Trump on Thursday said his administration would start sending letters to countries, probably on Friday, to identify the tariff rates they would face on imports to the United States. Trump told reporters before departing for Iowa that he expected to sReuters
Fri, Jul 4
Republicans, Democrats start gaming out Trump's tax-cut bill hit to 2026 elections
Democrats target Medicaid cuts as campaign ammunitionRepublicans argue tax cuts will boost economy by 2026Polling shows public concern over deficit and impact on low-income AmericansHouse seen as highly competitive, Republicans have easier path to defend SenateBy David Morgan, Richard Cowan and AndyReuters
Fri, Jul 4
Datadog Surges 14.9% After S&P 500 Inclusion, Robinhood Falls on Disappointment
TradingKey – As of the U.S. market close on July 3, Datadog (DDOG) jumped 14.92% to $155.15 after being added to the S&P 500 index , a move that investors believe will bring significant passive inflows and improved liquidity.
TradingKey
Fri, Jul 4
Trump says he will put 20% tariff on Vietnam's exports
WASHINGTON/HANOI, July 2 (Reuters) - The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.Reuters
Fri, Jul 4
Republicans muscle Trump's sweeping tax-cut and spending bill through Congress
WASHINGTON, July 3 (Reuters) - President Donald Trump 's tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, as the Republican-controlled House of Representatives narrowly approved a massive package that would fund his domestic agenda and push millions of Americans off heaReuters
Fri, Jul 4
EXPLAINER-Key healthcare provisions in Trump's tax bill
July 3 (Reuters) - The U.S. House of Representatives passed President Donald Trump's tax-cut and spending bill on Thursday, which contains sweeping changes to the government's Medicaid healthcare program covering about 71 million low-income Americans.Reuters
Fri, Jul 4
Solid US job growth masks loss of labor market momentum
WASHINGTON, July 3 (Reuters) - U.S. job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private industry gains the smallest in eight months as businesses battled rising economic headwinds.Reuters
Fri, Jul 4
Clean-energy backers blast US budget bill as a setback
WASHINGTON, July 3 (Reuters) - Advocates of clean energy on Thursday decried the final passage of President Donald Trump's tax cut bill by the House of Representatives as a reversal of course on the energy transition, while fossil-fuel interests rejoiced.Reuters
Fri, Jul 4
Steady job market keeps Fed on hold amid tariff uncertainty
July 3 (Reuters) - Unexpectedly solid job gains in June bolstered the case for the Federal Reserve to keep interest rates on hold to keep downward pressure on inflation, with one U.S. central banker saying it could take a year or more for the economy to adjust to the Trump administration's tariff anReuters
Fri, Jul 4
GLOBAL MARKETS-Stocks hit record, US dollar strengthens after jobs data
NEW YORK, July 3 (Reuters) - Global stocks climbed to a record for a second straight session on Thursday and the dollar rallied after a stronger than expected U.S. payrolls report indicated the labor market may not be deteriorating rapidly.Reuters
Fri, Jul 4
Trump eyes simple tariff rates over complex talks, says letters going out Friday
WASHINGTON, July 3 (Reuters) - President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.Reuters
Fri, Jul 4
Arthur Hayes says stablecoins from big banks could unlock $6.8 trillion to buy US Treasuries
According to Arthur Hayes, the former BitMEX CEO, banks in the United States are sitting on the key to $6.8 trillion in T-bill demand, and it all comes down to one thing: stablecoins. In a long, explicit essay, Arthur said the new US Treasury Secretary, Scott Bessent—who he mockingly refers to as “TCryptopolitan
Fri, Jul 4
Chip design software firms climb as US lifts curbs on China exports
By Arsheeya Bajwa and Medha Singh July 3 (Reuters) - Shares of Synopsys and Cadence Design Systems jumped on Thursday after the U.S. lifted export curbs on chip design software to China, easing uncertainty around access to the crucial market.The restrictions, announced in late May, had essentiall...Reuters
Thu, Jul 3
U.S. June NFP Jobs Report Unexpectedly Strong — Unemployment Drops to 4.1%, Crushing July Rate Cut Odds
TradingKey - On Thursday, July 3, the U.S. Bureau of Labor Statistics released data showing that the June nonfarm payrolls rose by 147,000, far exceeding the expected 110,000, and up from the previous reading of 139,000. More surprisingly, the unemployment rate fell to 4.1%, down from 4.2%, and well
Tesla Stock Rises 5% Despite Falling Deliveries, Shrinking Market Share: What's Fueling the Rally?
TradingKey - In the Q2 2025, Tesla's global delivery fell by 13.5% year-over-year to 384,000, marking a two-digit decline for two consecutive quarters. However, its stock rose nearly 5%, with market capitalization increasing by $48.1 billion overnight.
TradingKey
Thu, Jul 3
Datadog set to join S&P 500 index, shares jump
Shares of cloud security firm Datadog DDOG.O up 9.4% at $147.7 premarket ** Co set to replace Juniper Networks JNPR.N in the S&P 500 .SPX index prior to the opening of trading on July 9** Server maker Hewlett Packard Enterprise HPE.N on Wednesday closed its acquisition of JNPRReuters
Thu, Jul 3
Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish
With the month of June having drawn to a close, Bitcoin has now managed to set a new record. According to a report by well-known crypto analyst Rekt Capital, the month saw Bitcoin complete its highest monthly close ever in the history of the cryptocurrency. However, while this would usually be a...Bitcoinist
Thu, Jul 3
BlackRock Bets on U.S. Equities Outperforming European Stocks: Earnings Cycle to Accelerate from July
TradingKey - In the first half of 2025, uncertainty over Trump’s trade policies and U.S. fiscal outlook prompted global investors to shift capital away from U.S. assets and into European equities. While European stock indices outperformed their U.S. counterparts in H1, BlackRock, the world’s largest
TradingKey
Thu, Jul 3
