News
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Mazda forecasts nearly $1 billion profit hit from U.S. tariffs
TOKYO, Aug 5 (Reuters) - Mazda Motor 7261.T said on Tuesday it expects a 145.2 billion yen ($987.02 million) hit to its operating profit this business year due to U.S. import tariffs, as the Japanese automaker rolled out measures to cushion the impact.Reuters
Tue, Aug 5
August and September Are Here — Wall Street’s Worst Months. But Buy the Dip, Say Strategists
TradingKey - After a record-breaking July, Wall Street is sounding the alarm: August and September are coming — historically the two weakest months for U.S. stocks. But despite the seasonal headwinds, major banks still advise investors to stay the course and buy the dip, citing strong AI momentum
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Tue, Aug 5
Australia weighs price floor for critical minerals, boosting rare earths miners
Government will prioritise strategic projects like rare earthsPrice floor part of Australia's critical minerals reserve strategyLynas shares hit highest in 13 yearsBy Melanie Burton MELBOURNE, Aug 5 (Reuters) - Australia is considering setting a price floor to support critical minerals projec...Reuters
Tue, Aug 5
Berkshire’s Q2 Profit Halved, Stock Dropped 10% — Was Buffett Wrong?
TradingKey - After reporting a more than 50% decline in second-quarter net profit and continuing to be a net seller of stocks, Berkshire Hathaway (BRK.A), led by legendary investor Warren Buffett, fell sharply — down 3.6% intraday and closing at its worst level since February.
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Tue, Aug 5
From 250% Pop to 27% Crash: Figma's IPO Fever Fizzles in Just Three Trading Sessions
TradingKey - Last week’s breakout star in the design software space, Figma, saw a sharp reversal on Monday as its shares tumbled 27.38% to close at $88.60, giving back much of its spectacular post-IPO gains.TradingKey
Tue, Aug 5
Malaysian pharmaceuticals, semiconductors exempt from US tariffs, minister says
U.S. imposes 19% levy on Malaysian goods from August 8 No deal for rare earths supply to U.S., minister says Says Washington open to exempting cocoa, rubber, palm oilBy Danial Azhar and Ashley Tang KUALA LUMPUR, Aug 1 (Reuters) - The U.S. imposed a 19% tariff on imports from Malaysia, though KualReuters
Tue, Aug 5
Japan trade negotiator to visit US to press for swift implementation of auto tariff deal
Akazawa to ask U.S. to implement 15% auto tariffs as agreedTo confirm details of deal, including "no stacking" conditionSays no misunderstanding over Japan's $550 billion investment packageBy Makiko Yamazaki TOKYO, Aug 5 (Reuters) - Japan's top tariff negotiator Ryosei Akazawa sai...Reuters
Tue, Aug 5
South Korea pledges to help companies cope with higher US tariffs
South Korea seeks to boost short-term demand and tech developmentTrade deal with US sets tariffs at 15%, higher than baselineTrump may seek more concessions at planned summit with Korean leader LeeBy Jihoon Lee SEOUL, Aug 5 (Reuters) - South Korea will prepare measures to help companies cope withReuters
Tue, Aug 5
JGBs rise as investors cover short positions after rally
By Junko FujitaTOKYO, Aug 5 (Reuters) - Japanese government bonds (JGBs) rose on Tuesday as investors bought the debt to cover short positions after prices rose sharply in the previous session. The 10-year JGB yield JP10YTN=JBTC fell four basis points (bps) to 1.465% even as an auction on the day foReuters
Tue, Aug 5
Palantir Q2 Earnings: “Astonishing” AI Impact Drives Record Revenue — Is Its Sky-High Valuation Justified?
TradingKey - Palantir (PLTR), the AI and defense software powerhouse, delivered a standout second-quarter performance on Monday, August 4, reporting its first-ever $1 billion revenue quarter. Driven by what CEO Alex Karp called the “astonishing impact” of artificial intelligence, the company raised
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Tue, Aug 5
Shares in Asia rally, dollar lower against yen on Fed rate cut bets
TOKYO, Aug 5 (Reuters) - Shares in Asia rose for a second consecutive session and the U.S. dollar held most of its losses on Tuesday as investors increased bets the Federal Reserve will act to prop up the world's largest economy.Reuters
Tue, Aug 5
China's services activity growth hits 14-month high in July, S&P PMI shows
BEIJING, Aug 5 (Reuters) - China's services activity expanded at its fastest pace in 14 months in July, fuelled by stronger demand, including a rise in new export orders, a private-sector survey showed on Tuesday.The S&P Global China General Services PMI rose to 52.6 in July from 50.6 the pr...Reuters
Tue, Aug 5
Some in BOJ saw scope to hike rates if trade friction eases, June minutes show
TOKYO, Aug 5 (Reuters) - Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by U.S. tariffs eased, minutes of the bank's June meeting showed, a sign Tokyo's recent trade deal with Washington cleared a key hurdle for more hikes.Reuters
Tue, Aug 5
Indexes post biggest daily pct gains since May 27 in rebound from Friday selloff
NEW YORK, Aug 4 (Reuters) - All three major U.S. stock indexes scored their biggest daily percentage increases since May 27 on Monday as investors sought bargains after the previous session's selloff and ramped up bets for a September interest rate cut after Friday's weaker-than-expected jobs data.Reuters
Tue, Aug 5
White House preparing order to fine banks for dropping customers for political reasons, WSJ reports
Aug 4 (Reuters) - The White House is preparing an executive order that would fine banks for dropping customers for political reasons, directing regulators to investigate potential violations of credit, antitrust, and consumer protection laws by financial institutions, the Wall Street Journal...Reuters
Tue, Aug 5
