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Trump says India trade agreement is close, Europe deal possible
By Jasper Ward and Ismail Shakil WASHINGTON, July 16 (Reuters) - The United States is very close to a trade deal with India, while an agreement could possibly be reached with Europe as well, but it is too soon to say whether a deal can be agreed with Canada, President Donald Trump said in anReuters
Thu, Jul 17
US economic activity rises but outlook pessimistic, Fed says
July 16 (Reuters) - U.S. businesses told the Federal Reserve in June and early July that the loss of immigrant labor is adding to their struggles with the effects of fast-changing trade policies as the Trump administration's economic strategies began gaining traction.Reuters
Thu, Jul 17
Von der Leyen proposes EU budget boost to 2 trillion euros
BRUSSELS, July 16 (Reuters) - The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, with a new emphasis on economic competitiveness and defence and plans to overhaul traditional spending on farming and regional development.Reuters
Thu, Jul 17
US producer prices flat in June, but tariffs lift goods costs
WASHINGTON, July 16 (Reuters) - U.S. producer prices were unexpectedly unchanged in June as a tariff-driven increase in the cost of goods such as communication and related equipment was offset by softening demand for travel services.Reuters
Thu, Jul 17
Trump says he's not planning to fire Fed's Powell
WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell, but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates.Reuters
Thu, Jul 17
Morgan Stanley shares fall despite earnings beat, as investment banking revenue shrinks
Investment banking revenue falls 5%, lagging Goldman and JPMorganShares fall in early tradingClient assets closer to long term goal of $10 trillionMarket volatility increased equities trading revenueBy Tatiana Bautzer and Manya Saini July 16 (Reuters) - Morgan Stanley's MS.N profit beat Wall ...Reuters
Wed, Jul 16
Bank of America profit beats estimates as market turmoil boosts trading
BofA's trading revenue jumps 15%Investment banking fees lag rivals, slide 9%Net interest income grows 7% to $14.7 billionBy Pritam Biswas, Nupur Anand, Arasu Kannagi BasilJuly 16 (Reuters) - Bank of America BAC.N beat estimates for second-quarter profit on Wednesday, driven by tumultuous markets...Reuters
Wed, Jul 16
US natgas prices edge up to 2-week high on hot forecasts, near record LNG flows
July 16 (Reuters) - U.S. natural gas futures edged up about 1% to a two-week high on Wednesday as hot weather boosts the amount of gas power generators must burn to keep air conditioners humming and on near record flows of gas to LNG export plants.Reuters
Wed, Jul 16
US STOCKS SNAPSHOT-Wall St opens higher as inflation data, earnings take center stage
July 16 (Reuters) - Wall Street's main indexes opened higher on Wednesday as investors sifted through new inflation data and digested a fresh round of heavyweight earnings reports.At 9:30 a.m. ET, the Dow Jones Industrial Average .DJI rose 156.35 points, or 0.36%, to 44,179.64, the S&P 500 ....Reuters
Wed, Jul 16
Tesla’s New Growth Engine? Six-Seater Luxury EV Model Y L to Launch This Autumn
TradingKey - On July 16, ahead of U.S. market open, Tesla officially announced that its six-seat luxury all-electric SUV — the Model Y L — will begin deliveries in Q3 2025. The new model is the latest move by Tesla to address concerns over its aging product lineup and to reignite sales momentum.
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Wed, Jul 16
SpaceX Valuation Hits $400 Billion in New Buyback — Up 5x Since 2021
TradingKey - Compared to Tesla, the financial markets appear to be placing even greater value on Elon Musk’s flagship company, SpaceX, which has just announced a new $1.25 billion share buyback program — pushing its valuation to an estimated $400 billion, over five times higher than in 2021.TradingKey
Wed, Jul 16
NVIDIA Hits Fresh All-Time High; Huang Jumps to World's Sixth-Richest Person
TradingKey - On Tuesday, NVIDIA (NVDA) shares surged on news that H20 chip sales to China had resumed, climbing as high as $172.4 intraday before closing at $170.7, up 4.04% —setting another record high and pushing the company’s market value to approximately $4.17 trillion.
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Wed, Jul 16
Indonesia clinches US trade deal, says Trump was a 'tough negotiator'
Trade deal sets US tariffs at 19% vs feared 32%Indonesia agrees to buy more US planes, energy, farm productsJakarta stock market rises but traders await more detailsBank Indonesia says deal will have positive impact on GDPBy Stefanno Sulaiman and Gayatri Suroyo JAKARTA, July 16 (Reuters) - In...Reuters
Wed, Jul 16
Wall Street’s First Big Voice Takes a Stand — JPMorgan’s Dimon: Fed Independence Is Absolutely Critical
TradingKey - As the standoff between President Trump and Fed Chair Jerome Powell over rate cuts continues, Jamie Dimon, CEO of JPMorgan Chase, has become the first major Wall Street figure to publicly support the independence of the Federal Reserve.
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Wed, Jul 16
Shakeup in Bloomberg Billionaires Index: Oracle Founder Surpasses Zuckerberg
TradingKey - On Tuesday, the Bloomberg Billionaires Index saw a reshuffle, with Oracle (ORCL) founder Larry Ellison climbing to second place with a net worth of $251.2 billion, surpassing Meta CEO Mark Zuckerberg.
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Wed, Jul 16
Baidu Stocks Surge in US and Hong Kong as Apollo Go Teams Up with Uber for Global Expansion
TradingKey - On Tuesday, Eastern Time, Chinese search engine giant Baidu announced a multi-year partnership with ride-hailing titan Uber. The agreement involves deploying thousands of Apollo Go autonomous vehicles on Uber’s platforms outside China and the US, with the first deployments expected in A
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Wed, Jul 16
