News
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Trump Blasts BLS for Data Manipulation, Slams Powell Over Rate Cuts — While Claiming Credit for Economic Success
TradingKey - In a series of posts on Truth Social, former U.S. President Donald Trump launched a scathing attack on the Bureau of Labor Statistics (BLS), accusing the agency of manipulating employment data and calling for immediate leadership changes.TradingKey
Fri, Aug 1
Trump says Fed's Powell should be put 'out to pasture'
WASHINGTON, Aug 1 (Reuters) - U.S. President Donald Trump said on Friday that Federal Reverse Chairman Jerome Powell should be "put out to pasture."He made the comments in a Truth Social post, where he ordered the firing of U.S. Bureau of Labor Statistics, Erika L. McEntarfer."The Econom...Reuters
Fri, Aug 1
Pepe Coin (PEPE) vs Mutuum Finance (MUTM): Top Crypto to Buy for August-December 2025 Rally
Still wondering what to buy before July ends? With the crypto market gearing up for a potential parabolic rally from August through December 2025, Mutuum Finance (MUTM) is storming onto the scene as a breakout contender, and for good reason.
Cryptopolitan
Fri, Aug 1
AUD/USD slips despite soft NFP as RBA rate cut bets keep Aussie pressured
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfarm Payrolls (NFP) data.
Fxstreet
Fri, Aug 1
Weight-Loss Wonder Drug Luster Fades? Novo Nordisk Plunges 30% in Worst Week
TradingKey - Global obesity treatment leader Novo Nordisk is experiencing what may be the most severe week of stock decline in its history, with shares plummeting over 30% this week and wiping out more than $80 billion in market value. The Danish pharmaceutical giant has fallen out of Europe's top..
TradingKey
Fri, Aug 1
Amazon tumbles after cloud computing growth disappoints investors
By Aditya Soni and Kanchana Chakravarty Aug 1 (Reuters) - Amazon.com shares fell 7% on Friday as the tech giant's results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race.Amazon Web Services, long the cloud-compu...Reuters
Fri, Aug 1
Stocks, Bonds, and the Dollar All Fall — U.S. Jobs Report Disappoints: Is a September Rate Cut Now Certain?
TradingKey - The U.S. July jobs report came in far weaker than expected, compounded by disappointing guidance from tech giant Amazon, sending U.S. stocks sharply lower on Friday. Investor bets on a Federal Reserve rate cut surged, with the probability of a September cut jumping to 80.5%TradingKey
Fri, Aug 1
Reddit surges as AI-driven ad strategy wins praise from Wall Street
Aug 1 (Reuters) - Reddit's RDDT.N shares surged 15% on Friday after it reported quarterly results that exceeded Street expectations, boosting investor confidence in the platform's AI-based advertising tools and strong user engagement.Reuters
Fri, Aug 1
Design software maker Figma extends gains after blockbuster NYSE trading debut
Aug 1 (Reuters) - Design software maker Figma's FIG.N shares surged another 20% in morning trading on Friday, extending strong debut-day gains after a blowout U.S. initial public offering that has reignited the tech listing market.Reuters
Fri, Aug 1
Ford's US July sales rise over 9% on SUV, pickup demand
Aug 1 (Reuters) - Ford F.N on Friday reported a 9.3% rise in U.S. auto sales for July compared to the previous year, helped by sustained demand for pickup trucks and SUVs. Aggressive discount programs and its "zero, zero, zero" campaign, offering a $0 down payment, zero percent interest for 48 monthReuters
Fri, Aug 1
Switzerland facing higher tariff because it did not drop trade barriers, White House says
WASHINGTON, Aug 1 (Reuters) - Switzerland is facing a higher 39% tariff rate on its exports to the United States because it refused to make "meaningful concessions" by dropping trade barriers with the U.S., the White House said on Friday. "Switzerland, being one of the wealthiest, highes...Reuters
Fri, Aug 1
BYD's July production falls for first time in 17 months as expansion spree slows
BEIJING, Aug 1 (Reuters) - BYD's 002594.SZ vehicle production fell 0.9% in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese automaker into the world's largest electric vehicle maker.Reuters
Fri, Aug 1
Amazon Falls 7% on AWS Growth Concerns, But Analysts Remain Upbeat
TradingKey - In post-market trading on Thursday, Amazon (AMZN.US) reported second-quarter revenue and profit that exceeded expectations. However, Amazon Web Services (AWS) revenue only slightly surpassed forecasts, and mixed third-quarter guidance led to a 7% drop in its shares after hours.
TradingKey
Fri, Aug 1
Reddit Earnings Explode on AI Advertising Boom — Profit Doubles Forecast, Stock Jumps 15%
TradingKey - Fueled by artificial intelligence in advertising, community-driven social platform Reddit (RDDT) delivered a blockbuster second-quarter performance, reporting record profits and strong forward guidance that far exceeded expectations.
TradingKey
Fri, Aug 1
WRAPUP 7-Trump hits dozens more countries with steep tariffs
Mexico avoids 30% tariff on non-automotive, non-metals goodsA 35% tariff on many Canadian goodsBrazil hit with 50% tariff, some sectors excludedChina trade deal not finalized, August 12 deadline loomsTrump administration teases additional trade dealsBy David Lawder, Trevor Hunnicutt and Aida Pelaez-...Reuters
Fri, Aug 1
Google’s Android Monopoly Cracks as Court Upholds Epic Ruling, Opening Google Play to Competition
TradingKey - On Thursday, July 31, the U.S. Ninth Circuit Court of Appeals rejected Google’s appeal in the Epic Games antitrust case, upholding the lower court’s 2023 ruling that Google illegally maintained a monopoly over app distribution and payment systems on the Android platform.
TradingKey
Fri, Aug 1
