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Oil falls as OPEC+ output hike adds to oversupply concerns
OPEC+ to raise output by 547,000 barrels per day in SeptemberGroup to discuss further hikes at next meetingTrump to raise tariffs on India over Russian oil purchasesBy Shariq Khan NEW YORK, Aug 4 (Reuters) - Oil prices fell to their lowest levels in a week on Monday after OPEC+ agreed to another ...Reuters
Mon, Aug 4
Tesla Approves $29 Billion Stock Award for CEO Elon Musk, Shares Climb 2.4% Pre-Market
Tesla has approved the granting of 96 million shares to Elon Musk, valued at approximately $29 billion based on last Friday’s closing price of $302.63 per share. Tesla shares rose 2.4% in pre-market trading.
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Mon, Aug 4
U.S. "Reciprocal Tariffs" Take Effect, Disney and AMD Set to Release Earnings Reports, Bank of England Poised to Cut Interest Rates【The week ahead】
TradingKey - Last week, all three major U.S. equity indexes posted losses, with the S&P 500 falling 2.4%, its worst weekly performance since May 23.
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Mon, Aug 4
Citi Flips from Bear to Bull on Gold? New Upside Seen as Record Highs Come Into View!
TradingKey - Following recent U.S. economic data releases and the unexpected escalation in tariff rates, Citigroup has made a dramatic shift in its gold outlook — turning from a long-time bear to a bullish stance.
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Mon, Aug 4
Tesla rises on 96 million share award to CEO Musk
** Shares of Tesla TSLA.O rise 2.5% to $310 premarket ** Co awards CEO Elon Musk 96 million shares of the company worth about $29 billion** Musk must pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 CEO Award, it said in the filingReuters
Mon, Aug 4
Spotify rises after announcing subscription price increase for select markets
** Shares of music streaming platform Spotify SPOT.N rise 4% to $653 in premarket trading** SPOT to raise monthly price of its premium individual subscription in select markets from September** Price will rise to 11.99 euros ($13.86) per month from 10.99 euros in markets including South Asia, the Mi
Reuters
Mon, Aug 4
Japanese Labour Ministry panel proposes record minimum wage hike, Nikkei reports
TOKYO, Aug 4 (Reuters) - A Japanese Labour Ministry panel has proposed a 6% increase in the national average minimum wage for this fiscal year, the biggest such jump since at least 2002, the Nikkei business newspaper reported on Monday.Achieving real wage growth has become a top policy priority forReuters
Mon, Aug 4
Singapore fund GIC buys 25% stake in Spain broadband venture
Vodafone Spain to gain 1.4 bln euros from joint ventureMasOrange to hold 58%, Vodafone Spain 17% in new companyZegona shares hit record high on Vodafone Spain news Aug 4 (Reuters) - Singapore's sovereign wealth fund GIC will acquire a 25% stake in a Spanish fibre optic broadband venture betwe...Reuters
Mon, Aug 4
Swiss Stocks Erase Year's Gains in a Day After Trump's 39% Tariff Shock
TradingKey - The Swiss stock market faced a decline on Monday as investors reacted strongly to U.S. President Donald Trump's announcement over the weekend of a 39% tariff on Switzerland. The market index hit a low of 11,665 points during the day, almost erasing this year's gains.TradingKey
Mon, Aug 4
Nonfarm Payrolls Spark a Treasury Short Squeeze — Steepener ‘Pain Trade’ Becomes the Winning Bet
TradingKey - The July U.S. jobs report and the sudden resignation of Federal Reserve Governor Adriana Kugler triggered a dramatic shift in bond market sentiment, fueling a massive short squeeze in U.S. Treasuries. On Friday, August 1, the 2-year Treasury yield plunged 28 basis points — the largestTradingKey
Mon, Aug 4
Berkshire’s Q2 Profit Plunges 59% — Warns of Tariff Risks, Cash Reserves Fall for First Time in Three Years
TradingKey - Berkshire Hathaway, the conglomerate led by Warren Buffett, released its second-quarter 2025 earnings report, with net income plummeting to $12.37 billion, a 59% year-over-year decline — the steepest drop in recent years.
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Mon, Aug 4
OPEC+ Finalizes Major September Supply Hike; 1.66M Barrel Reserve Capacity Hangs Over Market
TradingKey - OPEC+ announced on Sunday that it will significantly increase oil production by 547,000 barrels per day (bpd) in September, marking the full and early reversal of the group's largest production cut plan. This decision comes alongside a separate production increase of approximately 2.5..TradingKey
Mon, Aug 4
Japan's Mitsubishi Q1 profit down 43%, beats expectations
TOKYO, Aug 4 (Reuters) - Japanese trading house Mitsubishi 8058.T on Monday posted a net profit of 203.1 billion yen ($1.4 billion) in the three months to June 30, down 43% from a year ago but beating analysts' forecasts.An LSEG poll of analysts had expected the company to post 180.3 billion yen...Reuters
Mon, Aug 4
What the July Jobs Report Reveals: Record Downward Revisions Stoke Recession Fears
TradingKey - The release of the U.S. July nonfarm payrolls report on Friday, August 1 has shattered the narrative of a resilient labor market — so severely that President Donald Trump fired the head of the Bureau of Labor Statistics (BLS) within hours. With payroll growth slowing sharply and priorTradingKey
Mon, Aug 4
METALS-Copper gains as weaker dollar lends support
By Brijesh Patel Aug 4 (Reuters) - Copper prices rose on Monday, helped by a softer dollar after weaker-than-expected U.S. jobs data boosted bets for a Federal Reserve interest rate cut in September.Three-month copper on the London Metal Exchange CMCU3 was up 0.5% at $9,673 per metric ton, as of ...Reuters
Mon, Aug 4
Hybio Pharma Surges 20% After Announcing RWA Token Partnership with KuCoin
On Monday, August 4, Chinese pharmaceutical firm Hybio Pharma (SHE: 300199) saw its stock skyrocket 20% intraday, hitting the daily limit before settling around +18%, following news of a strategic partnership with KuCoin, the world’s 9th-largest crypto exchange.TradingKey
Mon, Aug 4
