News
Important Only
Musk’s Approval Implied? California Sues — Trump’s EV Policy Becomes New Battleground for U.S. Political Parties
TradingKey – On June 12, 2025, Donald Trump signed an executive resolution to revoke California’s mandatory electric vehicle (EV) regulations, marking a direct challenge to key policies championed by the Democratic Party.TradingKey
Fri, Jun 13
AMD Launches New AI Chips Outperforming NVIDIA – OpenAI Places First Order
TradingKey - On Thursday, June 12, during the Advancing AI Developer event, AMD unveiled its next-generation artificial intelligence (AI) chip, claiming significant performance advantages over all existing products from rival NVIDIA, and forecasting that the AI chip market will surge to over $500...
TradingKey
Fri, Jun 13
Trump Opens New "Frontier" – Drone Stocks Surge 30% in 4 Days as eVTOL Commercialization Accelerates
TradingKey - Following U.S. President Donald Trump’s executive order to accelerate drone development, drone-related stocks saw a sharp rally. Within just four trading days, shares of two leading electric vertical takeoff and landing (eVTOL) companies — Joby Aviation and Archer Aviation — surged...
TradingKey
Fri, Jun 13
US oil companies surge as Israel-Iran conflict sends crude prices soaring
U.S.-listed shares of oil companies climb pre-market after oil prices jumped, hitting their highest price in almost five months as Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.Reuters
Fri, Jun 13
CFTC Chair Challenges Trump? Vows Not to Ease Crypto Compliance Despite Government Support
CFTC Chair Caroline Pham has stated that crypto regulation will not be relaxed, despite the Trump administration’s pro-crypto stance, potentially setting up a conflict between the agency and the president.
TradingKey
Fri, Jun 13
EUR/USD retreats on risk aversion after Israel’s attack on Iran
The EUR/USD pair snaps a four-day rally on Friday, retreating from nearly four-year highs above 1.1600 to the lower range of the 1.1500s. Israel’s attack on Iran triggered a risk-averse market reaction, with investors rushing to safe assets like the US Dollar (USD).
Fxstreet
Fri, Jun 13
Sterling drops as Israel's strikes on Iran boost safe-haven dollar
LONDON, June 13 (Reuters) - The pound fell on Friday, in sync with other volatile currencies such as the Australian dollar, after Israel launched a flurry of strikes on Iran, sending investors scurrying into the relative safety of the dollar.Reuters
Fri, Jun 13
India’s Boeing 787-8 Crashes, Over 265 Casualties; Boeing Stock Plummets!
TradingKey - On June 12 local time, an India Airlines Boeing 787-8 "Dreamliner" crashed in Ahmedabad, a city in western India. Following the incident, Boeing's stock price fell by as much as 8% in pre-market trading on Wall Street. Although the decline narrowed after the market opened, the stock...
TradingKey
Fri, Jun 13
Israeli Airstrikes on Iran Trigger 18% Surge in VIX Fear Gauge – Safe-Haven Dollar Fails to Rally
TradingKey - In the early hours of Thursday, June 13 (local time), Israel launched airstrikes against Iran, targeting multiple facilities in a military operation codenamed "Nation of Lions", aimed at curbing Iran's nuclear development. Iranian media reported loud explosions across several areas in..
Apple's iPhone sales capture top spot in Chinese market in May, Counterpoint Research says
June 13 (Reuters) - Apple's AAPL.O iPhone sales rose to the top spot in China in May, with global sales growing 15% year-on-year during April and May in the tech giant's strongest performance for the two-month period since the COVID-19 pandemic, data from Counterpoint Research showed.Reuters
Fri, Jun 13
PRECIOUS-Gold hits nearly two-month high as Middle East tensions spur safe-haven demand
June 13 (Reuters) - Gold prices climbed on Friday to their highest levels in nearly two months, and were on track for a weekly gain, after Israeli military strikes on Iran drove investors toward safe-haven assets.Reuters
Fri, Jun 13
EXCLUSIVE-Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs
NEW DELHI, June 13 (Reuters) - Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed, far above the 2024 average of 50% and a clear sign of Apple's efforts to bypass high U.S. tariffs imposed on China.
Reuters
Fri, Jun 13
GRAINS-Soybeans rise on oil rally, still on track for weekly loss
BEIJING, June 13 (Reuters) - Chicago soybeans rose on Friday, buoyed by surging soyoil prices, but remain on track for a weekly loss amid uncertainty over U.S. biofuel mandates, weak exports, and ample global supplies.Reuters
Fri, Jun 13
Iron ore set for weekly loss as Trump's fresh tariffs on steel weigh
BEIJING, June 13 (Reuters) - Iron ore futures extended decline for a second consecutive session on Friday, set for a weekly loss, as U.S. President Donald Trump's plan to impose a 50% tariff to an additional range of "steel derivative products" weighed on sentiment.Reuters
Fri, Jun 13
METALS-Copper eases, aluminium up on fundamental support
SINGAPORE, June 13 (Reuters) - Copper prices edged lower on Friday as market optimism waned after the U.S.-China trade talks, while aluminium on the Shanghai Futures Exchange and London Metal Exchange rose on consistent support from lower stocks.Reuters
Fri, Jun 13
