News
Important Only
US weekly jobless claims rise more than expected as labor market eases
WASHINGTON, May 29 (Reuters) - The number of Americans filing new applications for unemployment benefits increased more than expected last week, while the jobless rate appeared to have picked up in May as labor market conditions continue to ease.Initial claims for state unemployment benefits rose 14Reuters
Thu, May 29
WH Economic Adviser Hassett: Confident in success of tariff ruling appeal
In an interview with Fox Business Network on Thursday, Kevin Hassett, Director of the United States (US) National Economic Council (NEC), said that he is confident in the success of the tariff ruling appeal, per Reuters.Fxstreet
Thu, May 29
US signals it may use administrative process against Harvard
May 29 (Reuters) - The Trump administration signaled on Thursday it might back off plans to immediately revoke Harvard University's ability to enroll foreign students because of several concerns, including its alleged failure to police antisemitism on campus, and would instead employ a lengthier...Reuters
Thu, May 29
Germany seeks to levy 10% tax on online platforms like Google
BERLIN, May 29 (Reuters) - Germany is considering a 10% tax on large online platforms like Alphabet's Google GOOGL.O and Meta's Facebook META.O, its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration.
Reuters
Thu, May 29
Dollar firm but rally fades after US tariff court roadblock; fiscal worries bubble
LONDON May 29 (Reuters) - A relief rally in the dollar faded on Thursday, with the greenback holding on to only minor gains against major peers after rallying on news that a court blocked U.S. President Donald Trump from imposing import tariffs on other countries.Reuters
Thu, May 29
Wall Street futures climb as federal court rules against Trump's tariffs
May 29 (Reuters) - Wall Street futures climbed on Thursday after a U.S. trade court blocked most of President Donald Trump's proposed tariffs, while AI bellwether Nvidia's stronger-than-expected quarterly revenue added to the upbeat mood.Reuters
Thu, May 29
Bank of Korea Cuts Rates for Fourth Time Amid Domestic and Global Pressures, Reaching 2.5%, a Near Three-Year Low
TradingKey - On Thursday, the Bank of Korea announced a resumption of its rate-cutting cycle, lowering the benchmark interest rate by 25 basis points to 2.50% from 2.75%.TradingKey
Thu, May 29
Dream of Reciprocal Tariffs Shattered? U.S. Court Rules Trump’s Plan Unconstitutional, Revealing New Rifts Between Parties?
TradingKey - On May 28 local time, the U.S. Court of International Trade ruled that former President Donald Trump’s so-called “reciprocal tariff” policy — announced on April 2 (labeled by Trump as "Liberation Day") — is invalid.TradingKey
Thu, May 29
C3.ai, the AI Leader, Sees Revenue Surge of 26%! Generative AI Strategy Ignites Surprising Growth for Fiscal Year 2026
TradingKey - After the market closed on Wednesday, C3.ai (AI.US), a provider of enterprise-level AI application software, announced its performance outlook for the fourth quarter of fiscal year 2025 and fiscal year 2026, with several key indicators demonstrating strong performance.
TradingKey
Thu, May 29
US curbs chip design software, chemicals, other shipments to China
US Commerce notifies companies of restrictions, sources sayNew curbs affect machine tools, butane fuel, aviation equipment Licenses needed to ship restricted products to China Business carrying on as usual in China chip industry, sources saySiemens analysing impact of export restrictionsBy Karen Fre...Reuters
Thu, May 29
Elon Musk’s xAI Invests $300 Million to Partner with Telegram, Aiming to Reach 1 Billion Users
TradingKey – Amid the global trend of integrating social media with artificial intelligence, Elon Musk’s xAI has announced a major collaboration with Telegram, one of the world's leading messaging platforms.TradingKey
Thu, May 29
Mixed Earnings Report Sparks 15% After-Hours Drop—Is HP Being Oversold?
TradingKey - HP Inc. (HPQ.US) released its Q2 2025 earnings report with mixed results. The company posted earnings per share (EPS) of USD 0.71, below the expected USD 0.79, while revenue came in at USD 13.2 billion, slightly above the forecast of USD 13.07 billion.
TradingKey
Thu, May 29
EMERGING MARKETS-Asian currencies weaken as US tariff ruling boosts dollar
May 29 (Reuters) - Asian currencies weakened on Thursday after a U.S. trade court's decision to block the implementation of President Donald Trump's "Liberation Day" tariffs lifted the dollar, while some stock markets pared back early gains.Reuters
Thu, May 29
Euro zone bond yields rise as investors exit safe-havens after court blocks Trump tariffs
May 29 (Reuters) - Euro zone government bond yields inched up on Thursday, as investors ditched safe havens for riskier assets after a U.S. federal court blocked most of President Donald Trump's sweeping tariffs.Reuters
Thu, May 29
Global government issuance of US dollar debt tumbling in 2025, data shows
May 29 (Reuters) - Governments in Asia and Europe are raising far less debt in U.S. dollars than usual, preferring to issue at home as they avoid exposure to rising U.S. yields, currency volatility and broader concerns about U.S. government finances.Reuters
Thu, May 29
PRECIOUS-Gold hits over one-week low as US tariff ruling dents safe-haven appeal
May 29 (Reuters) - Gold prices slipped on Thursday to their lowest levels in more than a week after a U.S. federal court blocked President Donald Trump's "reciprocal tariffs", dampening the metal's safe-haven allure, while a robust dollar put further pressure on bullion.Reuters
Thu, May 29
China-listed Apple Suppliers rise after US court blocks most Trump tariffs
** Shares of Hong Kong and mainland-listed Apple's AAPL.O suppliers rise after a U.S. court blocks most Trump tariffs saying the president exceeded his authority** In China, shares of Lens Technology 300433.SZ, Goertek Inc 002241.SZ, Luxshare Precision Industry 002475.SS rise between 2.7% and 3%...Reuters
Thu, May 29
