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WTI tumbles below $66.50 on surprise build in US stockpiles
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.40 during the early Asian trading hours on Thursday. The WTI price declines on a surprise build in US crude supplies. Oil traders await cautiously ahead of an OPEC+ meeting to decide the group's August output policy.
Fxstreet
Thu, Jul 3
24H｜Mira Pharma Soars 47%; Minim Surges 42%; Datadog Jumps 11%; AppLovin and Robinhood Drop 1%
Shares of drug developer Mira Pharma soared 46.8% in overnight trading. The company said its experimental drug, Mira-55, a non-psychoactive marijuana analog showed morphine-comparable pain relief in a preclinical animal trial.Tiger News
Thu, Jul 3
US, India push for trade pact after Trump strikes deal with Vietnam, sources say
WASHINGTON/NEW DELHI, July 2 (Reuters) - U.S. and India trade negotiators were pushing on Wednesday to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over U.S. dairy and agriculture remained unresolved, sources familiar with the taReuters
Thu, Jul 3
US Dollar Index edges lower below 97.00 on downbeat US job data, Fed rate cut bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 96.70 during the early Asian session on Thursday.Fxstreet
Thu, Jul 3
S&P 500 index looking golden again
U.S. equity index futures mixed; Nasdaq 100 off ~0.3%Jun ADP national employment -33k vs +95k estimateEuro STOXX 600 index off ~0.2%Dollar rallies; gold up; crude up ~1%; bitcoin up >1%U.S. 10-Year Treasury yield rises to ~4.29%Welcome to the home for real-time coverage of markets brought to you ...Reuters
Wed, Jul 2
Tesla's quarterly deliveries fall sharper than analysts' estimates
July 2 (Reuters) - Tesla TSLA.O reported a sharper-than-expected fall in second-quarter deliveries on Wednesday, as intense competition and backlash against CEO Elon Musk's political stance hit global demand for its aging electric-vehicle lineup.Tesla said it delivered 384,122 vehicles in the se...
Reuters
Wed, Jul 2
U.S. Stocks Rise at Greater Risk: “Irrational Exuberance” Indicator Hits Bubble Level as U.S. Economy Flashes Yellow Warning
TradingKey - U.S. stock investors have largely shrugged off concerns such as trade tariffs, economic slowdown, and rising government deficits. In the first half of 2025, the S&P 500 has delivered record highs by mid-year. Although major investment banks remain optimistic about year-end equity
TradingKey
Wed, Jul 2
Futures muted as Trump tariff deadline looms, payrolls data awaited
July 2 (Reuters) - Wall Street stock index futures were subdued on Wednesday as investors weighed U.S. trade negotiations ahead of President Donald Trump's July 9 tariff deadline and awaited payrolls data for hints on the monetary policy path.Reuters
Wed, Jul 2
Dollar near 3-1/2 year low as Fed easing, Trump bill in focus
TOKYO/LONDON, July 2 (Reuters) - The U.S. dollar edged off multi-year lows against major peers on Wednesday though remained under pressure as traders considered the potential impact of President Donald Trump's spending bill, and looming tariff deadlines.Reuters
Wed, Jul 2
U.S. Senate Tax Bill Through an Industry Lens: A Win for Chip Stocks, a Relief for Solar Shares
TradingKey - On July 1, the U.S. Senate passed Trump’s tax and spending bill by a razor-thin one-vote margin. The revised version includes enhanced tax credits for semiconductor manufacturers, while notably excluding feared tariffs on imported wind and solar components — bringing relief to clean
Senate Tax Bill’s Problem: Tax Cuts for the Wealthy, Income Losses for the Poor
TradingKey - Despite widespread public opposition — with 50% of voters against the bill according to Morning Consult — the U.S. Senate narrowly passed Trump’s massive tax cut and spending bill on Tuesday, July 1, by a margin of just one vote. Some Republican lawmakers warned that slashing MedicaidTradingKey
Wed, Jul 2
Oracle Stock Soars to New High Following $30 Billion Contract
TradingKey - Oracle Corporation (ORCL), the database giant, saw its stock hit consecutive record highs after announcing a $30 billion cloud computing contract. This order's value is three times the company's data center revenue forecast for fiscal year 2025.
TradingKey
Wed, Jul 2
Gold Rally Loses Momentum — Trump Claims Israel Accepts 60-Day Ceasefire Deal as Gaza Tensions Show Signs of Cooling
TradingKey – According to reports citing Israeli officials and carried by U.S. media outlets, Israel has agreed to the conditions for a 60-day ceasefire in Gaza , marking a potential breakthrough in the ongoing conflict.TradingKey
Wed, Jul 2
Intel Pushes Past 18A in Race to 14A—Is the Market Buying It?
TradingKey - Industry sources indicate that Intel (INTC) is planning a major strategic adjustment to its foundry business, intending to skip the previously scheduled Intel 18A (1.8nm) process and directly advance to the more advanced 14A (1.4nm) process to enhance its market competitiveness.TradingKey
Wed, Jul 2
Interest Rate Cut Outlook: Bessent Bets Pre-September, Goldman Eyes September, Nonfarm Data Crucial
TradingKey - On Tuesday, July 1, U.S. Treasury Secretary Scott Bessent projected that the Federal Reserve would initiate a rate cut before September, emphasizing that President Trump’s tariff policies are unlikely to spur inflation as the Fed had anticipated. In line with this, Goldman Sachs forecasTradingKey
Wed, Jul 2
Tariffs Becoming an Inflationary Anchor? Powell Hints: Without Trump’s Tariff Policies, Rate Cuts Might Have Already Started
TradingKey – On the evening of July 1 (U.S. Eastern Time), all eyes were on the policy tug-of-war between Federal Reserve Chair Jerome Powell and President Donald Trump.TradingKey
Wed, Jul 2
Amazon's Robot Army Tops 1 Million; Automation Nears Scale of Human Workforce
TradingKey - According to recent reports, Amazon, the second-largest private employer in the United States, has achieved a milestone in robot deployment that will soon see robots outnumbering human employees.
TradingKey
Wed, Jul 2
