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CORRECTED-Markets ask how soon Nippon Steel will benefit from $15 billion bid for U.S. Steel
Trump signals support for Nippon Steel's bid for U.S. SteelFinal approval, deal details yet to emergeNippon Steel looks to US for growth amid weak domestic demandBy Katya Golubkova and Anton Bridge TOKYO, May 29 (Reuters) - Nippon Steel 5401.T investors and analysts are asking if its $15-bill...Reuters
Thu, May 29
Is the Fear of Bonds Finally Easing? Record Foreign Demand Seen in 5-Year Treasury Auction
TradingKey - Since May 2025, global bond markets have faced pressure from concerns over government fiscal policies — with yields rising rapidly across major sovereign debt markets. However, a $70 billion auction of 5-year U.S. Treasuries conducted by the U.S. Treasury on Wednesday, May 29 ...TradingKey
Thu, May 29
Large movement seen in super-long bond yields, Japan finance minister says
TOKYO, May 29 (Reuters) - Japanese Finance Minister Katsunobu Kato on Thursday said there has been large movement in super-long bond yields recently, and that the government will closely monitor financial market movement.The government will communicate thoroughly with market participants, Kato said.Reuters
Thu, May 29
China stocks look to snap five-day losing streak as US court blocks Trump tariffs
SHANGHAI, May 29 (Reuters) - Mainland China and Hong Kong stocks advanced on Thursday as sentiment improved after a U.S. trade court blocked President Donald Trump's so-called reciprocal tariffs that had weighed on global trade and roiled financial markets.Key Chinese stock indexes rebounded and...Reuters
Thu, May 29
NVIDIA Q1 Beats Earnings for 10 Consecutive Quarters — Survived H20 Ban, But China Risks Remain
TradingKey - Despite the Trump administration’s new export ban on its China-specific H20 AI chip, NVIDIA (NVDA) delivered better-than-expected revenue and earnings in Q1 of fiscal 2026 — underscoring the strength of global demand for AI infrastructure. However, CEO Jensen Huang warned that...
TradingKey
Thu, May 29
Why are Tesla investors still so bearish after all of Elon Musk’s efforts and the stock surging?
Tesla’s stock just jumped 7.7% in after-hours trading, but investors are still bailing like the ship’s leaking. Elon Musk says he’s stepping back from politics to focus on the company, but that isn’t stopping long-time supporters from walking away.Cryptopolitan
Thu, May 29
Japan's rice crisis deepens as market giants scoop best grain
Japan’s rice supply debacle continues as the government is now seeking to lower the price of its stockpiled grain, and focus on discretionary contracts for smaller buyers. However, recent comments from agriculture minister Shinjiro Koizumi have drawn criticism regarding prices, preferential sellingCryptopolitan
Thu, May 29
South Korean shares climb to 9-month high on rate cut, US tariff ruling
KOSPI rises, foreigners net buyersKorean won weakens against dollarSouth Korea benchmark bond yield steady SEOUL, May 29 (Reuters) - Round-up of South Korean financial markets:** South Korean shares climbed more than 1% on Thursday to their highest levels in nine months, as investors...Reuters
Thu, May 29
China's DeepSeek releases an update to its R1 reasoning model
SHANGHAI, May 29 - Chinese artificial intelligence startup DeepSeek released an update to its R1 reasoning model in the early hours of Thursday, stepping up competition with U.S. rivals such as OpenAI.DeepSeek launched R1-0528 on developer platform Hugging Face, but has yet to make an official...Reuters
Thu, May 29
GLOBAL MARKETS-Shares finish down with investors focused on Nvidia results, oil prices gain
NEW YORK, May 28 (Reuters) - Global shares edged lower on Wednesday, snapping two straight sessions of gains, with investors weighing Nvidia's NVDA.O results, while oil prices rose amid supply concerns as OPEC+ left production unchanged and as U.S. authorities barred Chevron CVX.N from exporting...Reuters
Thu, May 29
US court strikes down Donald Trump's 'Liberation Day' tariffs
On Wednesday, a US federal court blocked US President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. per Reuters.Fxstreet
Thu, May 29
Nvidia shares rise as sales hit from China export curbs not as bad as feared
May 28 (Reuters) - Nvidia NVDA.O beat quarterly sales expectations as customers stockpiled its AI chips before fresh U.S. curbs on China exports took effect, but the same restrictions will slice off $8 billion in sales from the company's current quarter, forcing the company to offer a forecast...Reuters
Thu, May 29
HP Inc falls after annual profit forecast cut
PC maker HP Inc's HPQ.N shares fall 15% to $23.10 after market. Company cuts annual profit forecast to reflect moderated demand and impact of tariff costs** HPQ sees fiscal 2025 adj profit between $3.00 and $3.30 per share, down from $3.45 to $3.75 per share; analysts expect profit of $3.49 ...
Reuters
Thu, May 29
Telegram, Musk-owned xAI partner to distribute Grok to messaging app's users
May 28 (Reuters) - Elon Musk's AI startup xAI will pay Telegram $300 million to deploy its Grok chatbot on the messaging app, aiming to tap the platform's more than one billion users and sharpen its competitive edge in the booming artificial intelligence market.Reuters
Thu, May 29
Fed Minutes set to reveal details of hawkish stance amid Trump’s tariffs
The Federal Open Market Committee (FOMC) will release the Minutes of its May 6-7 meeting on Wednesday. Back then, policymakers decided to keep the Fed Funds Target Range (FFTR) unchanged at 4.25%-4.50%, as widely anticipated by market participants.Fxstreet
Wed, May 28
ECB's Lagarde determined to complete her term, spokesperson says
FRANKFURT, May 28 (Reuters) - Christine Lagarde is determined to complete her eight-year term as president of the European Central Bank, the ECB said on Wednesday after the Financial Times reported that she held talks about leaving early to lead the World Economic Forum.The newspaper said Lagarde, wReuters
Wed, May 28
US Stocks Surge on A Successful TACO Trade! Trump's Threat Losing Halo?
On Tuesday, May 28, Eastern Time, following the Memorial Day holiday closure on Monday, U.S. stocks, bonds, and currency markets all rebounded, with the three major indices showing strength. Tesla led the gains among the seven tech giants, as the market executed what is known as a "TACO trade."TradingKey
Wed, May 28
German unemployment rises faster than expected in May
BERLIN, May 28 (Reuters) - The number of people out of work in Germany rose at a faster pace than expected in May, labour office figures showed on Wednesday, putting pressure on a new government battling to wrench Europe's largest economy from a prolonged downturn.Reuters
Wed, May 28
