News
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US crude oil storage demand surges as traders brace for OPEC+ price war
NEW YORK, May 22 (Reuters) - U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased supply in coming months from the Organization of the Petroleum Exporting C
Reuters
Fri, May 23
Apple eyes 2026 smart glasses launch amid AI hardware race, Bloomberg reports
Investing.com -- Apple Inc (NASDAQ:AAPL) is accelerating development on smart glasses targeted for release in late 2026, marking a deeper push into AI-integrated consumer hardware, Bloomberg reported earlier.
Investing.com
Fri, May 23
Oil prices settle down on potential further increase in OPEC+ output
OPEC in pursuit of market share, says Onyx analyst411,000 bpd increase likely, RBC Capital analyst saysU.S. crude inventories rise unexpectedly By Georgina McCartney HOUSTON, May 22 (Reuters) - Oil prices settled lower on Thursday as investors weighed a report that OPEC+ is discussing a productio...Reuters
Thu, May 22
Behind Nvidia Huang’s China Outreach: AI Tools Are Struggling to Gain Traction in the U.S.
TradingKey - According to the latest survey by Statista, the adoption and enthusiasm for artificial intelligence (AI) tools like ChatGPT are surprisingly low in the U.S. and European countries, while users in India and China show significantly stronger interest. This data offers insight into why...
TradingKey
Thu, May 22
TREASURIES-Long-dated Treasury yields hit multi-month highs after tax bill passes House
LONDON, May 22 (Reuters) - The 30-year Treasury yield hit a new 19-month high on Thursday, and was a few basis points from its highest since 2007, after the House of Representatives passed a tax and spending bill that reinforced market worries about the United States' debt burden.Reuters
Thu, May 22
Gold miners down as metal price slips on stronger dollar
U.S.-listed shares of gold miners down premarket, tracking fall in bullion prices GOL/.Spot gold XAU= down 0.2% at $3,307.81/ounce after hitting a nearly two-week high earlier in the session** Gold prices slipped, hurt by an uptick in the dollar, although worries over the U.S. government's ...
Reuters
Thu, May 22
Trump tax-cut bill passes US House in win for president
WASHINGTON, May 21 (Reuters) - U.S. President Donald Trump's sweeping tax and spending bill passed the Republican-controlled House of Representatives on Thursday, in a political victory for the president after months of Republican infighting over spending cuts and tax policies.Reuters
Thu, May 22
New US tax bill will 'stabilise things' but increase deficit, JPMorgan's Dimon says
SHANGHAI/HONG KONG, May 22 (Reuters) - JPMorgan Chase JPM.N Chief Executive Jamie Dimon said on Thursday U.S. President Donald Trump's massive tax and spending bill could help bring stability but it is not conducive to deficit reduction.
Reuters
Thu, May 22
German 30-year bond yields hit two-month high; investors fret over long-term US debt
May 22 (Reuters) - German long-term bond yields hit a two-month high on Thursday, as investors' concerns over a worsening fiscal outlook in the United States were reinforced by tepid demand for a U.S. Treasury auction a day earlier.Reuters
Thu, May 22
China's Lenovo posts quarterly profit far short of estimates, shares slide
By Che Pan and Brenda Goh BEIJING, May 22 (Reuters) - China's Lenovo 0992.HK, the world's largest personal computer manufacturer, said fourth-quarter profit plunged 64% - a result that was far worse than expected and one that sent its shares sharply lower.The profit slide was mostly due ...Reuters
Thu, May 22
Nike gains on plans to rejoin Amazon, hiking some prices
Nike NKE.N shares up 2.12% at $61.25 in US premarket trading. Nike to resume selling on Amazon AMZN.O after a six-year hiatus. Also plans to raise prices of some products from next week. Avg rating of 41 is equivalent of "buy", median PT is $70 - LSEG** NKE has slumped ~21% this year...
Reuters
Thu, May 22
Trump tax bill advances toward Thursday vote on passage in US House
House Republicans move quickly to vote on Trump tax billRepublican support remains unclear after infighting The measure would add $3.8 trillion to US debtDemocrats vow to 'fight like hell' in opposition By David Morgan and Bo Erickson WASHINGTON, May 22 (Reuters) - U.S. President Donald T...Reuters
Thu, May 22
OpenAI Teams Up with Jony Ive with $6.5 Billion Acquisition of io, Dealing a Blow to Apple
TradingKey - OpenAI announced on Wednesday that it will acquire io Products, an AI device startup co-founded by former Apple design chief Jony Ive, in an all-stock transaction valued at nearly $6.5 billion.TradingKey
Thu, May 22
Snowflake Hits $1B Revenue Milestone as AI Fuels Stock Surge – Rivalry with Microsoft & Google Cloud Heats Up
TradingKey—On Wednesday, after market hours in the Eastern Time Zone, Snowflake (NYSE: SNOW) reported in its fiscal 2025 Q4 earnings that quarterly revenue broke the $1 billion threshold for the first time, surging approximately 25% year-over-year to $1.04 billion—exceeding market expectations...
TradingKey
Thu, May 22
US says it agreed with Japan that dollar-yen reflects fundamentals
BANFF, Alberta, May 21 (Reuters) - U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato agreed on Wednesday that the dollar-yen exchange rate currently reflects fundamentals, the U.S. Treasury Department said, a rare and explicit statement on the market situation.
Reuters
Thu, May 22
A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything
The United States Senate made a significant move toward regulating the crypto asset industry this week by advancing the GENIUS Act, a bill aimed at establishing a comprehensive framework for stablecoins.Bitcoinist
Thu, May 22
U.S. Markets Retreat: Tech Selloff Sparks Fears of Eroding Investor Confidence
TradingKey - On Wednesday, U.S. financial markets faced a broad downturn, with stocks, bonds, and the dollar all suffering losses. The three major stock indices recorded their largest single-day declines in a month.TradingKey
Thu, May 22
Asia FX gains for three straight days, Sri Lanka cuts interest rates
May 22 (Reuters) - Emerging Asian currencies strengthened for a third consecutive session on Thursday, buoyed by weakness in the U.S. dollar, while regional equity markets were subdued due to concerns over the deteriorating U.S. fiscal outlook.Reuters
Thu, May 22
Japan's Nikkei falls to two-week low after heavy sell-off of US stocks, bonds
TOKYO, May 22 (Reuters) - Japan's Nikkei share average fell to a two-week low on Thursday, as investors turned risk-off after sharp declines on Wall Street and a spike in U.S. Treasury yields stoked worries about a flight from U.S. assets.Reuters
Thu, May 22
