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Meta fends off authors' US copyright lawsuit over AI
June 25 (Reuters) - A federal judge ruled on Wednesday for Meta Platforms META.O against a group of authors who had argued that its use of their books without permission to train its artificial intelligence system infringed their copyrights.Reuters
Thu, Jun 26
OpenAI Plans to Enter the Autonomous Vehicle Race: Can Its New AI Model Challenge Tesla’s Robotaxi and Waymo?
TradingKey - While Google’s Waymo and Tesla's newly launched Robotaxi currently dominate the autonomous driving space, OpenAI — armed with tools like ChatGPT and Sora — is reportedly preparing to enter the arena. Some analysts suggest that OpenAI could develop a new type of autonomous driving ...
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Wed, Jun 25
The "Anomaly" of Low U.S. Unemployment: Labor Market Differential Halved, Long-Term Unemployment Hits Three-Year High
TradingKey - Although the U.S. unemployment rate remains at a relatively low level of 4.2%, the seemingly calm or stable labor market is showing real cracks: consumer sentiment regarding job prospects has deteriorated, and the long-term unemployment rate has risen to a three-year high, with an ...TradingKey
Wed, Jun 25
FedEx Tumbles as Q1 Profit Outlook Misses; $1B Cost Cuts Fail to Offset Tariff Hit
TradingKey - Global logistics giant FedEx (FDX) released its Q4 FY2025 earnings report on Tuesday, indicating that while key financial metrics exceeded expectations, a conservative adjustment to its profit guidance for Q1 FY2026 raised concerns in the market about the deteriorating global trade...
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Wed, Jun 25
25x Speed! QuantumScape Achieves Major Breakthrough in Solid-State Battery Manufacturing, Stock Soars 36%!
TradingKey - On June 24, American solid-state battery company QuantumScape (QS) announced significant advancements in solid-state battery technology, successfully integrating the Cobra separator process into its standard battery production line. This new technology boosts heat treatment speed by...
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Wed, Jun 25
Middle East Crude-Oman and Dubai extend declines to near two-week low
SINGAPORE, June 25 (Reuters) - Middle East crude benchmarks Oman and Dubai extended declines to their lowest in nearly two weeks on Wednesday as previous supply fears fanned by Middle East tensions eased by some extent.Reuters
Wed, Jun 25
UK shares flat as investors weigh corporate earnings and middle east truce
June 25 (Reuters) - London's main stock indexes were mostly flat on Wednesday as investors digested a batch of corporate earnings and kept a cautious eye on the shaky truce between Israel and Iran. The blue-chip FTSE 100 .FTSE was flat by 1022 GMT, while the mid-cap FTSE 250 .FTMC added 0.1% and...Reuters
Wed, Jun 25
Divide Within BOJ as “Most Hawkish Member” Calls for Immediate Rate Hike
TradingKey - According to Bloomberg, Naoki Tamura, the Bank of Japan's “most hawkish board member,” advocated for a decisive interest rate hike on Wednesday. He cited a faster-than-expected rise in inflation, despite ongoing uncertainties surrounding U.S. tariffs.TradingKey
Wed, Jun 25
Apple's Potential Acquisition of Perplexity: A Game-Changer for Its AI Narrative?
TradingKey - As the tech-oriented Nasdaq 100 Index hits record highs, Apple’s stock has still declined by 20% year-to-date in 2025. Concerns over its lagging progress in AI and the negative impact of tariffs on iPhone sales have yet to fully dissipate. News of a potential acquisition of Perplexity..
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Wed, Jun 25
From Optimism to Caution: U.S. Consumer Confidence Unexpectedly Drops
TradingKey – Data released on Tuesday by the Conference Board showed that the U.S. consumer confidence index fell to 93 in June , a decline of 5.4 points from May , and below market expectations. This drop interrupted the brief rebound seen earlier amid hopes of easing trade tensions.TradingKey
Wed, Jun 25
Binance Ecosystem Welcomes a New Big Player: Nano Labs Launches $1 Billion BNB Acquisition Plan
TradingKey – On June 24, Nano Labs Ltd (NA.US) announced it has signed subscription agreements with multiple institutional and qualified investors for a $500 million convertible note offering.TradingKey
Wed, Jun 25
BIS Declares Stablecoins Are Not Money — What Signals Are Hidden Behind the Statement?
The Bank for International Settlements (BIS) has stirred debate by stating that stablecoins do not qualify as money, raising questions about whether this signals a bearish stance on the sector.TradingKey
Wed, Jun 25
Fed's Three Consecutive Dovish Statements Signal a Bull Market for U.S. Treasuries: Surging Options Bets on 4% Yield
TradingKey - As geopolitical tensions in the Middle East ease and multiple Federal Reserve officials signal dovish interest rate cuts, options market traders are heavily betting that the yield on 10-year U.S. Treasury bonds will return to its early-2025 lows, fueling rising expectations of a bull ..TradingKey
Wed, Jun 25
Unlikely Alliance? Powell and Trump Surprisingly Aligned on Stablecoins
In a rare show of unity, Federal Reserve Chair Jerome Powell and President Donald Trump appear to share common ground on stablecoin legislation, both viewing it as a strategic tool to reinforce the U.S. dollar’s global dominance.
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Wed, Jun 25
China, HK stocks rise as Middle East truce lifts sentiment
SHANGHAI, June 25 (Reuters) - Mainland China and Hong Kong stocks edged higher on Wednesday as global sentiment improved following a ceasefire between Israel and Iran, while some hopes for an earlier-than-expected rate cut from the Federal Reserve also lent support.
China's yuan hovers near one-month high on Mideast ceasefire optimism
HONG KONG, June 25 (Reuters) - China's yuan edged higher against the U.S. dollar on Wednesday, nearing its strongest level in a month, as a truce between Israel and Iran continued to lift market sentiment. The ceasefire brokered by U.S. President Donald Trump between Iran and Israel appeared to be..Reuters
Wed, Jun 25
