News
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SoftBank aims to become leading 'artificial super intelligence' platform provider
TOKYO, June 27 (Reuters) - SoftBank Group 9984.T CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for "artificial super intelligence" within the next 10 years.Reuters
Fri, Jun 27
Coinbase Hits New All-Time High — Outpaces Bitcoin with 38% Monthly Surge
Coinbase (COIN), the largest U.S.-based crypto exchange, has soared more than 38% over the past month, breaking its previous all-time high set in November 2021. On Thursday, the stock jumped over 5%, reaching an intraday peak of $382, setting a new record.
TradingKey
Fri, Jun 27
Nike plans to reduce reliance on China production for US market to soften tariff blow
Nike to reduce reliance on China for U.S.-bound productsFourth quarter sales fall less than expectedCompany's running category returns to growth, CFO saysNike has ramped up marketing spendingBy Juveria Tabassum and Helen Reid June 26 (Reuters) - Nike NKE.N said it would cut its reliance on pr...Reuters
Fri, Jun 27
Fed rate cut in July? Inside the US central bank, few takers
Barr, Collins, Daly, Goolsbee on Thursday all signal July is too soonFinancial markets align with view of September start to rate cutFed Chair Powell has said he wants to see more data before a moveBy Ann Saphir and Howard Schneider June 26 (Reuters) - President Donald Trump says that tame inflatReuters
Fri, Jun 27
LIVESTOCK-CME cattle futures recover, though declining demand weighs
CHICAGO, June 26 (Reuters) - Chicago Mercantile Exchange cattle futures ended higher on Thursday after the U.S. Department of Agriculture reported lower red meat inventories, though concerns over waning demand from U.S. consumers and retailers limited gains, traders said.Reuters
Fri, Jun 27
Xiaomi launches YU7, undercutting Tesla's Model Y on price
Xiaomi's YU7 SUV priced 4% below Tesla's Model Y in ChinaYU7 orders hit 200,000 in 3 minutesYU7's range of up to 835 km, compares with up to 719 km for Model YBy Qiaoyi Li, Che Pan and Brenda GohBEIJING, June 26 (Reuters) - Chinese EV and smartphone maker Xiaomi 1810.HK on Thursday pric...Reuters
Fri, Jun 27
Circle Resumes Its Post-IPO Rally After Pullback, Stablecoin Issuer Boosts Coinbase
Circle shares fell 15% over the same three days Coinbase rallied the same amount. Shares of Circle have rocketed more than 600% since its initial public offering on June 5.Coinbase is on pace for a 52% monthly gain, its best month since November and its first three-month rally since the end of 2023.Tiger News
Fri, Jun 27
Bessent asks Congress to drop 'retaliatory' tax as Republicans struggle to rewrite bill
Trump expresses "hope" Congress will pass bill by July 4 holidaySenate Republicans face challenges with tax and health provisionsDemocrats criticize bill as benefiting wealthy AmericansRural hospitals warn of negative impact from provider tax cutsBy Bo Erickson, David Morgan and Andy Sulliva...Reuters
Fri, Jun 27
TREASURIES-Yields fall after data shows people staying longer out of work
By Tatiana Bautzer NEW YORK, June 26 (Reuters) - Yields on 2-year Treasury notes eased on Thursday morning after the Labor Department reported a slight fall in weekly jobless claims, but higher recurring claims indicated that more people are staying out of work for longer."You are starting to...Reuters
Thu, Jun 26
US STOCKS SNAPSHOT-S&P 500, Nasdaq open near record peak as Micron results boost chip stocks
June 26 (Reuters) - Wall Street's S&P 500 and Nasdaq indexes opened near a record high on Thursday as robust earnings from memory-chip maker Micron fueled optimism around artificial intelligence while investors assessed a slew of economic data.Reuters
Thu, Jun 26
U.S. Bank Stocks to Rally in the Second Half of 2025: Bowman, Regulation, Trading Activity, and Rate Cuts
TradingKey - As U.S. tech stocks hit new highs, Wall Street analysts expect the next sector poised for strong performance could be U.S. bank stocks, driven by potential easing of capital and merger regulations by the Federal Reserve, along with a surge in trading activity.
TradingKey
Thu, Jun 26
H&M seeks to lure US shoppers as fast-fashion rivals hike prices due to tariffs
LONDON/STOCKHOLM, June 26 (Reuters) - H&M is trying to win shoppers from rivals in the United States by holding prices steady while Zara and Shein raise theirs, as U.S. tariffs disrupt the fast-fashion industry that relies on imports of low-cost clothes from China, Vietnam, and other Asian countriesReuters
Thu, Jun 26
US first-quarter GDP revised lower on tepid consumer spending
WASHINGTON, June 26 (Reuters) - The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration's aggressive tariffs on imported goods.Reuters
Thu, Jun 26
