News
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China's JD.com beats quarterly revenue estimates
May 13 (Reuters) - Chinese e-commerce retailer JD.com 9618.HK topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. Consumer demand in China has faced a series of hurdles in recent year...Reuters
Tue, May 13
As Apple Remains Lagging from Tariff Shock, Cook Calls Trump and Slashes iPhone Prices Ahead of 618 Sale
TradingKey – The unexpected U.S.-China trade breakthrough sent Apple’s stock (AAPL.US) soaring over 6%, yet Apple remains the only major tech giant that has not fully recovered its losses since President Trump announced new tariffs on April 2 — “Liberation Day”. Facing mounting pressure, Apple is...
TradingKey
Tue, May 13
GLOBAL MARKETS-Stocks edge up, dollar eases as trade-deal sugar rush fades
LONDON, May 13 (Reuters) - A rally in global stocks and the dollar lost some momentum on Tuesday, as initial euphoria over a trade truce between the United States and China gave way to investors' persistent concerns about the standoff's impact on the global economy.Reuters
Tue, May 13
Pound Sterling comes under pressure as UK labor market cools down
The Pound Sterling (GBP) trades with caution against its peers on Tuesday after the release of the United Kingdom (UK) labor market data for the three months ending March. The Office for National Statistics (ONS) reported that the ILO Unemployment Rate accelerated to 4.5%, as expected, from 4.4% ...
Fxstreet
Tue, May 13
China lifts Boeing delivery ban as tariff war cools, Bloomberg News reports
Boeing returned three new jets to the U.S. last month from ChinaBoeing deliveries to China can re-start, Bloomberg reports Boeing has said Chinese customers were refusing jet deliveries due to tariffs May 13 (Reuters) - China has removed a ban on airlines taking delivery of Boeing BA.N planes a...Reuters
Tue, May 13
Shanghai copper rangebound as caution tempers US-China trade optimism
SINGAPORE, May 13 (Reuters) - Copper prices were rangebound on Tuesday, with the most-traded contract on the Shanghai Futures Exchange (SHFE) edging higher, as lingering caution tempered relief from a U.S.-China tariff truce aimed at easing trade tensions. The SHFE contract was up 0.1% at 78,090 yuaReuters
Tue, May 13
Honda sees full-year profit down 59% as US tariffs bite, postpones Canada EV plans
TOKYO, May 13 (Reuters) - Japan's Honda Motor 7267.T forecast a 59% profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump's tariffs.Reuters
Tue, May 13
U.S. April CPI Report Incoming – A Major Test of Trump’s Tariff Impact
TradingKey – At 8:30 a.m. ET on Monday, May 13, the U.S. will release its April Consumer Price Index (CPI) report, widely seen as the first key indicator to reflect the inflationary impact of President Trump’s new tariffs and the escalating trade war.TradingKey
Tue, May 13
TRUMP meme coin claws back gains as top holders notified of dinner with President Trump
TRUMP meme coin has slashed gains to hover at $12.51 at the time of writing on Tuesday. The broad-based bearish wave has seen Bitcoin (BTC) retrace below $101,000, reflecting potential profit-taking after almost a week of persistent gains.Fxstreet
Tue, May 13
Samsung launches slimmest smartphone as races against rival Apple
SEOUL, May 13 (Reuters) - Samsung Electronics 005930.KS made public on Tuesday its slimmest flagship model to date, complete with enhanced artificial intelligence features, as it seeks to get ahead of rival Apple AAPL.O in the premium market.Reuters
Tue, May 13
Japan's Nikkei jumps to 3-month peak on Sino-US tariff truce
TOKYO, May 13 (Reuters) - Japan's Nikkei share average jumped to the highest in almost three months on Tuesday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs, easing concerns that their trade war could trigger a global recession.
Reuters
Tue, May 13
Trump executive order demands pharma industry price cuts
WASHINGTON, May 12 (Reuters) - U.S. President Donald Trump signed a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay that analysts and legal experts said would be difficult to implement.
Reuters
Tue, May 13
Apple considers raising iPhone prices, WSJ reports
May 12 (Reuters) - Apple AAPL.O is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to U.S. tariffs on imports from China, where most of its devices are assembled, the Wall Street Journal reported on Monday.The technology giant's shares were up ...Reuters
Tue, May 13
Fed officials say China-US tariff reprieve lowers risks
DUBLIN, May 12 (Reuters) - The U.S.-China deal to lower the most aggressive import tariffs between the world's two largest economies could lessen the impact of their trade war, though the levies left in place are still steep and will leave a mark on the economy, Federal Reserve officials said on MonReuters
Tue, May 13
