News
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China's factory activity cools in May as US tariffs hit
BEIJING, June 3 (Reuters) - China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower.Reuters
Tue, Jun 3
RBA Minutes: Not yet time to move monetary policy to an expansionary setting
The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable.Fxstreet
Tue, Jun 3
Meta shareholders turn down Bitcoin treasury reserve proposal as its stock soar on AI plans
Meta (META) shareholders opposed a proposal to adopt Bitcoin as a treasury asset, with more than 95% voting against the idea, according to a filing with the Securities & Exchange Commission (SEC).
Fxstreet
Tue, Jun 3
Oil rises on Iran, Russia and Canada supply concerns
June 3 (Reuters) - Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, and with production in Canada hit by wildfires.Reuters
Tue, Jun 3
Oil finishes down on possible OPEC+ output hike
Brent and WTI down over 1% this weekOPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decisionBy Erwin Seba HOUSTON, May 30 (Reuters) - U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oi...Reuters
Fri, May 30
Volkswagen flags 'massive' US investments and says tariff talks constructive
Volkswagen in US tariff talks, flags more investmentsCEO Blume: talks are "fair" and "constructive"Blume hopes for quick deal BERLIN/FRANKFURT, May 30 (Reuters) - Volkswagen VOWG_p.DE wants to make more big investments in the United States, CEO Oliver Blume said in an interview wi...Reuters
Fri, May 30
Turnaround and Earnings Beat Turn Into Sell-Off—Why Isn’t the Market Buying In on Marvell?
TradingKey - Chipmaker Marvell Technology (MRVL.US) released its Q1 2026 fiscal earnings report recently, delivering key financial metrics that met or slightly exceeded market expectations.
TradingKey
Fri, May 30
Japan's Life Insurance Giants Slash Bullish Yen Hedge Ratios to a 14-Year Low! Yen Appreciation Expectation Crumbling?
TradingKey - Bloomberg reports that Japanese life insurers have cut their hedge ratios for overseas assets to the lowest level in 14 years, effectively reducing their protection against potential losses from a strengthening yen. This indicates a declining expectation for yen appreciation within the
TradingKey
Fri, May 30
Ray Dalio’s Prescription for U.S. Fiscal Deficit: Three Steps to Bring the Deficit-to-GDP Ratio Down to 3%
TradingKey - Although Trump’s tax and spending bill has narrowly passed the House of Representatives, concerns over the U.S. fiscal deficit continue to unsettle global investors. Ray Dalio believes that the U.S. government should aim to reduce its annual budget deficit from around 7% of GDP down...TradingKey
Fri, May 30
METALS-Base metals fall as dollar firms, US tariff optimism fades
By Brijesh Patel May 30 (Reuters) - Industrial metals fell on Friday as the dollar strengthened and market optimism faded following a court ruling that reinstated the broadest tariffs imposed by U.S. President Donald Trump.Three-month copper on the London Metal Exchange CMCU3 was down 0.2% at $9,...Reuters
Fri, May 30
Powell and Trump Hold Rare Meeting: Not Lowering Interest Rates Is a Mistake, Says Trump
TradingKey - On Thursday, May 29, Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump at the White House to discuss economic growth, employment, and inflation — marking their first face-to-face meeting since November 2019. Earlier this year, Trump had threatened to fire Powell..TradingKey
Fri, May 30
Best Buy Q1 FY26 Earnings Report: Hit by Trump’s Tariff War, BBY Slashes Full-Year Guidance
TradingKey - As the largest U.S. consumer electronics and appliance retailer, Best Buy (BBY) has been directly affected by Trump’s tariff policies targeting China, its biggest supplier. In Q1 of fiscal 2026, Best Buy reported weaker-than-expected results and issued a profit warning—sending...
TradingKey
Fri, May 30
PRECIOUS-Gold heads for weekly loss as dollar ticks higher, US inflation report in focus
May 30 (Reuters) - Gold prices fell on Friday and were headed for weekly loss amid a slight uptick in dollar, while investors awaited a key U.S. inflation report that may provide further insight into the Federal Reserve's policy trajectory.Reuters
Fri, May 30
