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USD/INR trades with mild losses ahead of India GDP, US PCE releases
The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD).Fxstreet
Fri, May 30
Core inflation in Japan capital hits 2-year high, keeps rate hike chance alive
Tokyo core CPI rises 3.6% yr/yr in May vs f'cast +3.5%Index excluding fresh food, fuel up 3.3% yr/yr in MayServices inflation perks up, bodes well for rate-hike prospectFactory output slides in April as US tariff impact loomsData underscores sticky food inflation, more price hikes eyedBy Leika K...Reuters
Fri, May 30
Japan's Nikkei falls as court battle over US tariffs weighs
TOKYO, May 30 (Reuters) - Japan's Nikkei share price average fell on Friday, weighed down by uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs as well as a stronger yen which hurt exporters.Reuters
Fri, May 30
GRAINS-Wheat poised to end week lower on supply pressure
SINGAPORE, May 30 (Reuters) - Chicago wheat edged higher on Friday, with bargain-buying supporting prices, although the market is poised for a first weekly decline in three weeks on expectations of higher exports from Russia and improved yields in India.Reuters
Fri, May 30
WRAPUP 10-Trump's tariffs to remain in effect after appeals court grants stay
Trade court ruled Trump exceeded authority under emergency powers actAppeals court orders plaintiffs to respond by June 5, administration by June 9Uncertainty over tariffs impacts trade talks and market reactionsBy Dietrich Knauth and Sarah Marsh May 29 (Reuters) - A federal appeals court tempora...Reuters
Fri, May 30
CORRECTED-EXCLUSIVE-Nissan offers buyouts to US workers, halts global pay rises, internal emails show
Nissan has expanded cost cuts amid weak market performanceSteps include cutting seven production sites, 20,000 jobsTroubles stem from ageing line-up, lack of hybrids, analysts sayBy Daniel Leussink and Maki Shiraki TOKYO, May 28 (Reuters) - Japan's Nissan 7201.T has started offering buyouts t...Reuters
Fri, May 30
Bessent says US trading partners still negotiating in good faith after court ruling
WASHINGTON, May 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that trading partners including Japan were continuing to negotiate with the U.S. in good faith, and there has been no change in their attitudes since a U.S. trade court ruled against the Trump administration's ...Reuters
Fri, May 30
AUD/USD gathers strength to near 0.6450 amid renewed tariff concerns
The AUD/USD pair gains ground to near 0.6445 during the early Asian session on Friday. The US Dollar (USD) edges lower against the Australian Dollar (AUD) due to the resurgence of trade uncertainty and disappointing US economic data.
Fxstreet
Fri, May 30
Ethereum researcher raise concerns about Bitcoin potential security problem due to its low fees
Ethereum Foundation researcher Justin Drake has warned about the security of the Bitcoin Network. Drake shared his view on X, noting that the Bitcoin Proof of Work (PoW) consensus mechanism is a ticking time bomb.
Marvell Technology Inc reports results for the quarter ended April 30 - Earnings Summary
Marvell Technology Inc MRVL.OQ reported quarterly adjusted earnings of 62 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of thirty analysts for the quarter was for earnings of 61 cents per sha
Reuters
Fri, May 30
US appeals court reinstates Trump tariffs, sowing market confusion
Markets show little reaction to appeal rulingUS stocks up but off earlier highsEuro STOXX 600 index reverses rally, closes modestly lowerBy Stephen Culp, Rocky Swift and Ankur Banerjee NEW YORK, May 29 (Reuters) - A U.S. appeals court reinstated President Donald Trump's sweeping tariffs on Th...Reuters
Thu, May 29
METALS-Copper steady after US court puts brakes on Trump tariffs
By Ashitha Shivaprasad May 29 (Reuters) - Copper prices steadied on Thursday, lifted by market optimism after a federal court halted President Donald Trump's move to impose sweeping tariffs on imports from most of the United States' trading partners.The Court of International Trade blocke...Reuters
Thu, May 29
Kohl's sticks to annual targets amid tariffs, turbulence at top
Shares jump 15%Analysts welcome forecast retentionInterim CEO says will stick to former chief's turnaround planBy Juveria Tabassum May 29 (Reuters) - Kohl's KSS.N retained its annual targets and reported better-than-expected quarterly results as the U.S. department store chain bets on its...Reuters
Thu, May 29
Electronics retailer Best Buy cuts annual forecasts on tariff uncertainty
Best Buy misses quarterly sales estimatesCompany adjusted prices, promotions to account for tariffsChina makes up 30% to 35% of overall goods importsCompany plans to remain 'competitively priced', executives sayBy Savyata Mishra May 29 (Reuters) - Best Buy BBY.N slashed its full-year com...Reuters
Thu, May 29
Musk's Trump administration exit lifts Tesla shares on hopes of renewed focus
May 29 (Reuters) - Tesla shares TSLA.O rose more than 2% on Thursday after news that CEO Elon Musk was stepping away from the Trump administration, fueling hopes that he will sharpen focus on the automaker as it gears up for its hotly anticipated robotaxi debut.Musk's ties with U.S. President Do...
Reuters
Thu, May 29
Wall St set for higher open after court blocks most Trump tariffs
May 29 (Reuters) - Wall Street's main indexes were on track for a higher open on Thursday after a federal court ruled against most of U.S. President Donald Trump's tariffs and AI bellwether Nvidia reported a 69% surge in quarterly sales, lifting sentiment.Reuters
Thu, May 29
White House adviser says three trade deals nearly done
WASHINGTON, May 29 (Reuters) - White House economic adviser Kevin Hassett said on Thursday three trade deals were nearly done and he expected more despite a trade court ruling that blocked most of President Donald Trump's tariffs. "There are many, many deals coming. And there were three ...Reuters
Thu, May 29
