News
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Cisco's Earnings Report Highlights AI Strength, Boosting Stock Price
TradingKey - Driven by the rise of artificial intelligence, networking giant Cisco Systems demonstrated strong growth momentum in its third-quarter earnings report for fiscal year 2025. After the report was released, the company's stock price rose nearly 3% in after-hours trading.
TradingKey
Thu, May 15
Walmart warns of higher prices, withholds second-quarter profit guidance
May 15 (Reuters) - Walmart U.S. comparable sales surpassed expectations in the first quarter, but the retailing giant known for affordable goods said the high costs of tariffs may mean it cannot keep from passing on higher prices to shoppers in the near-future.
Reuters
Thu, May 15
Bridgewater's Major Q1 Adjustments: Big Bet on Alibaba, Heavy Gold Investment, SPDR S&P 500 ETF Reduction
TradingKey - Bridgewater Associates, the world's largest hedge fund, released its latest 13F filing, revealing significant adjustments to its equity strategy in the first quarter of 2025. The firm increased its holdings in Chinese stocks, purchasing over 5.4 million shares of Alibaba.
TradingKey
Thu, May 15
Lower energy prices drag down European energy stocks
The European energy stock index .SXEP falls 1.67%, as lower oil prices drag down energy stocks. Oil prices slide 3% on Thursday, in anticipation of the US-Iran nuclear deal** The shares in SBM Offshore NV SBMO.AS are down 3.3% despite the Dutch company's in-line resultsReuters
Thu, May 15
Crypto And Gold Attract The Wealthy As They Dump Dollar Assets
Wealthy investors are trimming their exposure to US dollar assets. They’re worried about fresh tariffs and trade friction. Confidence in the greenback’s long‑term strength is sliding. Related Reading: Crypto Gets A New Watchdog Map: SEC Chief Atkins Lays Down The Law Eroding Trust In The Dolla...Japan to seek third round of US trade talks next week, sources say
TOKYO, May 15 (Reuters) - Japan's top trade negotiator, Ryosei Akazawa, could travel to Washington as soon as next week for a third round of trade talks with the U.S., two sources with knowledge of the plans told Reuters on Thursday.Reuters
Thu, May 15
Japan's Nikkei falls for second day as strong yen weighs
TOKYO, May 15 (Reuters) - Japan's Nikkei share average dropped for a second day on Thursday, extending its retreat from a nearly three-month peak, as a stronger yen sent automaker shares sliding.The Nikkei .N225 sank 1.1% to 37,705.74 as of the midday recess, as the yen strengthened for a third...
Reuters
Thu, May 15
Japanese Yen seems poised to appreciate further amid hawkish BoJ expectations
The Japanese Yen (JPY) trades with a positive bias against its American counterpart for the third straight day on Thursday and for now, seems to have stalled the previous day's late pullback from the weekly high.Fxstreet
Thu, May 15
METALS-Caution over US-China tariff truce drags metals lower
SHANGHAI, May 15 (Reuters) - Prices of most base metals in London edged lower on Thursday, as the U.S.-China tariff truce sparked caution amid uncertainty over various trade deals. Benchmark copper CMCU3 on the London Metal Exchange (LME) fell 0.6% to $9,533 a metric ton on 0146 GMT.Reuters
Thu, May 15
China April bank lending tumbles more than expected amid trade war
BEIJING, May 14 (Reuters) - China's new bank loans tumbled more than expected in April as a protracted trade war with the United States further eroded the market's appetite during a typically slow month for loan demand.Reuters
Thu, May 15
Global shares gain, as US dollar steadies following recent steep plunge
NEW YORK/LONDON, May 14 (Reuters) - Global shares gained and major Wall Street indexes were mixed on Wednesday as trade tensions eased between the world's two largest economies, and the U.S. dollar steadied after recent losses.Reuters
Thu, May 15
US close to letting UAE import millions of Nvidia's AI chips, sources say
NEW YORK/DUBAI, May 14 (Reuters) - The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia's NVDA.O most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates' construction of data centers
Reuters
Thu, May 15
Aramco says has US tie-ups worth up to $90 billion amid Trump Gulf tour
DUBAI, May 14 (Reuters) - Saudi Aramco 2222.SE said on Wednesday it had signed 34 preliminary deals with major U.S. companies, potentially worth up to $90 billion in a push to deepen commercial ties with the United States on the back of President Donald Trump's visit to the kingdom.Reuters
Thu, May 15
Fed policymakers on hold to seek clarity from the data, but the data are not cooperating
WASHINGTON, May 14 (Reuters) - Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will affect prices and the economy.Reuters
Thu, May 15
