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Nike Stock Up 10% Despite 12% Sales Drop: How "Worst Quarter" Won Market Faith
TradingKey - On June 26, global leading sports brand Nike Inc. (NKE) released its financial reports for the fourth quarter and the full fiscal year 2025. Although revenue declined in the last quarter, it still exceeded market expectations, and Nike forecasted that it had passed its operational low..
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Fri, Jun 27
Federal Reserve Members Align: No Rate Cut in July as “Wait-and-See” Approach Gains Traction
TradingKey - On Thursday Eastern Time, several Federal Reserve officials delivered remarks clarifying their stance against supporting a rate cut at the next meeting, opting instead for a cautious approach to ensure that tariff policies do not continue to elevate inflation.TradingKey
Fri, Jun 27
Trump’s "899 Revenge Tax" Backs Down – Australian Funds Reconsider Dollar Asset Strategies
TradingKey - Due to deteriorating U.S. fiscal prospects and the so-called Section 899 capital tax proposed under Trump’s tax bill, several major Australian fund managers had begun considering reducing their exposure to U.S. dollar assets. However, this sentiment started to shift within a week afterTradingKey
Fri, Jun 27
Bank of Japan Mimics the “Fed Speak”, Flagging “Underlying Inflation” Risks
TradingKey - Much like Federal Reserve Chair Jerome Powell, officials at the Bank of Japan (BOJ) have taken an ambiguous stance on further monetary policy adjustments. Despite meeting the prerequisite for rate hikes — inflation above the 2% target — the BOJ has maintained a relatively dovish ...
Bumper orders for Xiaomi's new SUV heighten threat to Tesla
YU7 is only Xiaomi's second car, priced 4% lower than Tesla's Model YTesla expected to lose market share, may need to cut prices to fight backXiaomi's shares, on a tear this year, hit record high By Brenda Goh, Qiaoyi Li and Che PanSHANGHAI/BEIJING, June 27 (Reuters) - Exceptionally str...Reuters
Fri, Jun 27
U.S. Q1 Stagflation Confirmed – Could Q2 GDP Growth Rebound Above 3%?
TradingKey - Newly released data from the U.S. Department of Commerce shows that the U.S. economy unexpectedly contracted in the first quarter of 2025, reversing a three-year growth trend. Combined with upward revisions to inflation indicators, this confirms that the U.S. economy entered a ...TradingKey
Fri, Jun 27
Tesla Rises — Then Falls Back: Wall Street Loves the Robotaxi Story, But Fundamentals Tell Another Tale
TradingKey - Tesla’s rally may have been short-lived — after its much-anticipated Robotaxi event in Austin last weekend, shares surged 8.23% on Monday , reaching a new three-week high and drawing strong positive sentiment from Wall Street.
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Fri, Jun 27
German long-term yields set for biggest weekly rise in four months amid fiscal spending boost
June 27 (Reuters) - German 30-year government bond yields were on track for their biggest weekly increase in nearly four months after rising this week on expectations of increased borrowing by Germany's government.Reuters
Fri, Jun 27
Japan private-sector rice imports soar in May
TOKYO, June 27 (Reuters) - Japan's private-sector rice imports rocketed higher in May as the country grapples with supply shortages that have become a major headache for both consumers and policymakers.Some 10,600 metric tons of so-called staple rice - which is consumed at meals as opposed to ri...Reuters
Fri, Jun 27
Bakkt Plans $1 Billion Crypto Buying Spree — Can the Stock Stage a Comeback?
Bakkt Holdings (NYSE: BKKT) is making headlines with a bold plan to raise $1 billion to purchase Bitcoin (BTC), Ethereum (ETH) , and other major digital assets. The move could mark a turning point for the company’s struggling stock.
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Fri, Jun 27
SoftBank aims to become leading 'artificial super intelligence' platform provider
TOKYO, June 27 (Reuters) - SoftBank Group 9984.T CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for "artificial super intelligence" within the next 10 years.Reuters
Fri, Jun 27
Coinbase Hits New All-Time High — Outpaces Bitcoin with 38% Monthly Surge
Coinbase (COIN), the largest U.S.-based crypto exchange, has soared more than 38% over the past month, breaking its previous all-time high set in November 2021. On Thursday, the stock jumped over 5%, reaching an intraday peak of $382, setting a new record.TradingKey
Fri, Jun 27
Nike plans to reduce reliance on China production for US market to soften tariff blow
Nike to reduce reliance on China for U.S.-bound productsFourth quarter sales fall less than expectedCompany's running category returns to growth, CFO saysNike has ramped up marketing spendingBy Juveria Tabassum and Helen Reid June 26 (Reuters) - Nike NKE.N said it would cut its reliance on pr...Reuters
Fri, Jun 27
Fed rate cut in July? Inside the US central bank, few takers
Barr, Collins, Daly, Goolsbee on Thursday all signal July is too soonFinancial markets align with view of September start to rate cutFed Chair Powell has said he wants to see more data before a moveBy Ann Saphir and Howard Schneider June 26 (Reuters) - President Donald Trump says that tame inflatReuters
Fri, Jun 27
LIVESTOCK-CME cattle futures recover, though declining demand weighs
CHICAGO, June 26 (Reuters) - Chicago Mercantile Exchange cattle futures ended higher on Thursday after the U.S. Department of Agriculture reported lower red meat inventories, though concerns over waning demand from U.S. consumers and retailers limited gains, traders said.Reuters
Fri, Jun 27
