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Myanmar junta chief asks Trump for sharp reduction in 40% tariff rate
July 11 (Reuters) - Myanmar's ruling military general has asked U.S. President Donald Trump for a reduction in the 40% tariff rate on his country's exports to the U.S. and is ready to send a negotiation team to Washington if needed, state media reported on Friday.In a response to a letter fr...Reuters
Fri, Jul 11
Stablecoin Drama: Ant Group Clarifies — The Market Gets It Instantly!
TradingKey - According to a Bloomberg report, Ant Group was planning to introduce Circle’s USDC stablecoin on its blockchain platform, as part of its broader strategy to bring more regulated crypto assets into its international business.
TradingKey
Fri, Jul 11
Nvidia CEO Huang to meet Trump before China trip, source says
WASHINGTON, July 10 (Reuters) - Nvidia NVDA.O CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer's head plans to visit China, according to a source familiar with the matter.The meeting with Trump comes as N...
Reuters
Fri, Jul 11
Fed's Waller reiterates data keeping July rate cut prospect alive
NEW YORK, July 10 (Reuters) - Federal Reserve Governor Christopher Waller reiterated his belief the central bank could cut interest rates at its policy meeting later this month. "We're just too tight and we could consider cutting the policy rate in July," Waller said at an event at the D...Reuters
Fri, Jul 11
Tesla to hold annual shareholder meeting in November as investor scrutiny mounts
July 10 (Reuters) - Tesla TSLA.O will hold its annual shareholder meeting on November 6, it said on Thursday, a day after a group of 27 investors urged the Elon Musk-led electric automaker to set a date, citing legal obligations.
Reuters
Fri, Jul 11
White House slams Powell over Fed finances, project cost overruns
July 10 (Reuters) - The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovatiReuters
Fri, Jul 11
US copper bounces after Trump sets a tariff date, but below peak
LONDON, July 10 (Reuters) - U.S. copper prices rebounded on Thursday after President Donald Trump said a 50% tariff would be imposed from August 1, but held below their record peak due to a glut of metal already in the United States and uncertainty over details.Reuters
Fri, Jul 11
Brazil's Lula pledges retaliation to Trump tariffs but keeps diplomacy open
BRASILIA, July 10 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said he wanted to find a diplomatic solution to U.S. President Donald Trump’s threat of 50% tariffs on Brazilian exports, but vowed to reciprocate like-for-like if they take effect on August 1.Reuters
Fri, Jul 11
Is the Weak Dollar Trend Reversing? De-Dollarization Continues — IMF Data Shows Decline in Dollar Reserves
TradingKey - Similar to the U.S. Dollar Index (DXY) posting its worst first-half performance in over half a century, data from the IMF’s latest COFER survey shows that the share of U.S. dollars in global official reserves has declined, while the euro and Swiss franc have gained ground.
Nvidia's Huang visits China for crunch talks as chip crackdowns escalate at home
Nvidia Corp. CEO Jensen Huang is set to meet with a key branch of the Chinese government in Beijing as the AI powerhouse pushes forward with its strategy to support China’s deep-learning ambitions.Cryptopolitan
Thu, Jul 10
Pre-Bell | US Stock Futures Little Changed. BIT Mining Soars 235%; WK Kellogg up 54%; MP Materials Surges 43%; Delta Air Lines up 13%; Nurix Jumps 12%
Stock futures were little changed Thursday as traders continued to try to shake off the tariff tumult a day after Nvidia led the Nasdaq Composite to a fresh record.Market SnapshotAt 8:15 a.m. ET, S&P 500 futures traded less than 0.1% lower, while Nasdaq-100 futures were around flat. Futures tied...Tiger News
Thu, Jul 10
U.S.-Brazil Trade War Escalates: Trump Slaps 50% Tariffs, Lula Vows "Mirror" Retaliation
TradingKey - On July 9, 2025, U.S. President Donald Trump announced via social media that a 50% tariff would be imposed on goods imported from Brazil starting August 1. This rate is significantly higher than the 25% to 40% tariffs he announced this week for 21 other countries. In a letter to...TradingKey
Thu, Jul 10
TSMC June Revenue Soars 26.9% YoY; AI Chip Demand Becomes Primary Growth Engine
TradingKey - According to its latest financial report, TSMC (TSM) reported NT$263.71 billion (US$8.3 billion) in revenue for June 2025, a year-over-year surge of 26.9%, though down 17.7% month-over-month due to the high base from May’s record revenue of NT$320.516 billion.
TradingKey
Thu, Jul 10
20-Year JGB Auction Holds Up — Fiscal and Technical Recession Risks Loom
TradingKey - On July 10, Japan’s 20-year government bond auction concluded without major disruptions. The bid-to-cover ratio and tail spread did not show significant weakness — but amid concerns over economic technical recession and rising fiscal spending, investors remain cautious.
TradingKey
Thu, Jul 10
Perplexity Unveils AI Browser Comet, With OpenAI Set to Follow — Is Google’s Search Dominance Under Threat?
TradingKey - Nvidia-backed AI startup Perplexity AI has introduced Comet, a new AI-powered browser, challenging Google's dominance as OpenAI gears up to debut its own offering in the coming weeks.
TradingKey
Thu, Jul 10
Internal Divisions Resurface at the Fed — When Will the Cuts Begin?
TradingKey - The Federal Reserve is facing deepening internal divisions over the timing and pace of interest rate cuts, according to minutes from its June policy meeting. Of the 19 policymakers, 10 support at least two cuts this year, two favor just one, and seven believe rates should remain unchangTradingKey
Thu, Jul 10
BOJ sees firms taking US tariffs in stride but cautious on outlook
US tariff impact on output, exports limited for now, BOJ saysFirms fret about slumping demand, regional branch managers saySome regions already feeling strain of U.S. automobile tariffsBOJ seen cutting growth forecast in July, ex-policymaker saysBy Leika Kihara TOKYO, July 10 (Reuters) - Japanese...Reuters
Thu, Jul 10
