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Oil prices jumps 4% to 2-month high as tensions rise in Middle East
NEW YORK, June 11 (Reuters) - Oil prices rose more than 4% on Wednesday, to their highest in more than two months, after sources said the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East.
Reuters
Thu, Jun 12
Trump says willing to extend trade talks deadline, but says that won't be necessary
WASHINGTON, June 11 (Reuters) - U.S. President Donald Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs take effect, but did not believe that would be necessary.Reuters
Thu, Jun 12
Musk backtracks on Trump criticism after White House outreach
June 11 (Reuters) - Billionaire businessman Elon Musk backed off digs he took at President Donald Trump after extensive outreach from administration officials, including Vice President JD Vance, with Musk saying on Wednesday he had gone "too far."Reuters
Thu, Jun 12
Deal to get US-China trade truce back on track is done, Trump says
Trump says US tariffs will be set at 55%, China's at 10%Lutnick says deal should resolve rare earth minerals, magnet curbs Deal aims to keep Geneva trade truce on trackNo 'quid pro quo' on high-end chips for rare earths, Bessent says By Jeff Mason, Alistair Smout and Doina Chiacu WASH...Reuters
Wed, Jun 11
Nvidia to build first industrial AI cloud in Germany
Nvidia to expand tech centres in seven European countriesPlans to open 20 AI factories in EuropePartners with Mistral to create AI computing platformNvidia CEO to meet with Germany's Merz on Friday, source says AI in Europe to increase by factor of 10 in two years: CEOQuantum computing technolog...Reuters
Wed, Jun 11
Traders add to bets on September start to Fed rate cuts
June 11 (Reuters) - Cooler-than-expected inflation last month deepened conviction in financial markets Wednesday that the Federal Reserve will start cutting interest-rate cuts by September rather than waiting longer.After a government report showed the core consumer price index - a measure of underlReuters
Wed, Jun 11
US Pres. Trump: Our deal with China is done, subject to final approval
In a post published on Truth Social on Wednesday, United States (US) President Donald Trump said that the trade deal with China is done and added that it is subject to his and Chinese President Xi Jinping's final approval.Fxstreet
Wed, Jun 11
Trump says China will supply rare earths, US to allow students
WASHINGTON, June 11 (Reuters) - President Donald Trump said on Wednesday the U.S. deal with China is done, with Beijing to supply magnets and rare earth minerals while the U.S. will allow Chinese students in its colleges and universities. "WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING ...Reuters
Wed, Jun 11
Breaking: OpenAI Slashes o3 Price by 80%, Partners Google to Challenge Microsoft
TradingKey - On June 10th, Eastern Time, OpenAI made headlines again with the launch of its "most powerful ever" AI model, o3-pro, while slashing the price of o3 by 80%. Additionally, reports have surfaced that OpenAI has teamed up with Google in a cloud services partnership.
TradingKey
Wed, Jun 11
TSMC Delivers Strong Results — Can High-Cost Expansion Sustain Long-Term Profitability?
TradingKey – TSMC yesterday reported its May 2025 monthly revenue , which reached NT$320.516 billion , representing a monthly decline of 8.3% , but a significant year-over-year increase of 39.6%, setting the second-highest record in company history and slightly exceeding market expectations.TradingKey
Wed, Jun 11
Japan PM says wage growth better than tax cuts to combat inflation
TOKYO, June 11 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Wednesday that achieving wage growth is the most effective way to help households combat inflation, while brushing off the idea of reducing the consumption tax rate."Wage growth is the most effective measure to combat risi...Reuters
Wed, Jun 11
Soared 272%, Then Suddenly "Wiped Out"! Circle Plummets 8.1% — Is the Speculative Bubble Bursting?
Circle Internet (NYSE: CRCL), the issuer of the popular stablecoin USDC that has been making waves in the U.S. stock market, suffered its biggest single-day drop on Tuesday, sending shockwaves through investor circles.TradingKey
Wed, Jun 11
Goldman Signals a New Short Squeeze Wave – Could the Russell 2000 Be the Next Big Winner?
TradingKey - Driven by strong economic data and a macro environment that continues to boost risk appetite, Goldman Sachs’ “Most-Shorted Rolling Index” (GSCBMSAL) has surged dramatically. Historically, such a move could signal that Wall Street is entering one of the biggest short squeezes in years...
TradingKey
Wed, Jun 11
World Bank, OECD, and IMF All Cut 2025 Economic Growth Forecasts Due to Trump’s Tariffs
TradingKey - Following the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), the World Bank has now also downgraded its forecast for global economic growth in 2025, warning that the 2020s may become the slowest-growing decade since the 1960s.TradingKey
Wed, Jun 11
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
BYD, Chery, Geely and Xiaomi among automakers to make pledgesPledges follow steel association outcry, regulatory pressure China suppliers hurting from brutal price war that has cut profits SHANGHAI, June 11 (Reuters) - Major Chinese car manufacturers have pledged to make payments to suppliers wit...Reuters
Wed, Jun 11
June 22 Tesla Robotaxi Debut Countdown, Stock Price Gaining Momentum
TradingKey - On Tuesday evening Eastern Time, Tesla (TSLA) CEO Elon Musk announced significant news via social media; the tentative date for the public trial operation of Tesla Robotaxi (the autonomous ride-hailing service) is set for June 22.
TradingKey
Wed, Jun 11
IBM to Launch the World’s First Fault-Tolerant Quantum Computer by 2029, Stock Price Soars for Eight Consecutive Days
TradingKey - On Tuesday, International Business Machines (IBM) saw its stock price rise by 1.5%, closing at $276.24, marking its eighth consecutive day of gains. Year to date, the stock has climbed over 25%, a rise that is closely tied to IBM's ambitious plans in quantum computing.
TradingKey
Wed, Jun 11
