News
Important Only
Trump hits Brazil with tariffs, sanctions but key sectors excluded
Tariffs imposed over prosecution of BolsonaroOver half of Brazilian exports have 50% tariff from August 6Aircraft, energy and others on lower tariffBy Luciana Magalhaes and Lisandra Paraguassu SAO PAULO/BRASILIA, July 30 (Reuters) - U.S. President Donald Trump on Wednesday slapped a 50% tariff on...Reuters
Thu, Jul 31
Fed leaves rates steady despite Trump pressure, gives no hint of September cut
US central bank leaves policy rate in 4.25%-4.50% rangeTwo Fed governors dissent on policy decisionTrump has repeatedly demanded that Fed cut ratesBy Howard Schneider and Michael S. Derby WASHINGTON, July 30 (Reuters) - The U.S. central bank held interest rates steady on Wednesday and Federal ResReuters
Thu, Jul 31
Meta shares jump as AI fuels ad sales, outweighing big capital costs
Meta narrows annual capex forecast amid AI raceZuckerberg invests billions in AI data centers, Scale AI stakeShares rise 11.2% in extended tradingMeta's AI-driven ad tools boost revenue despite economic uncertainty By Echo Wang and Jaspreet Singh July 30 (Reuters) - Meta Platforms META.O ...
Reuters
Thu, Jul 31
Albemarle posts surprise second-quarter profit on lithium demand; shares surge
Albemarle beats Q2 revenue expectations, helped by volume growthLowers 2025 capital expenditure planExpects to generate positive free cash flow in 2025By Vallari Srivastava July 30 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium for rechargeable batteries, posted a surpr...Reuters
Wed, Jul 30
Qualcomm's premium smartphone chip reliance, Apple modem loss overshadow upbeat forecast
Company forecasts strong chip sales despite tariff concernsQualcomm's non-Apple chip revenue up over 15% this fiscal yearCompany's Q3 sales and profit beat analyst estimatesBy Stephen Nellis and Akash SriramJuly 30 (Reuters) - Qualcomm's QCOM.O reliance on high-end smartphone chip sales ...Reuters
Wed, Jul 30
Airbus faces engine delays but reaffirms jet delivery targets
Airbus says faces gaps in engine supply from Pratt & WhitneyDelay comes on top of gaps in supplies from engine maker CFM Airbus burns cash but posts higher profit in second quarterNow expects Spirit Aero deal to close in fourth quarterBy Tim Hepher PARIS, July 30 (Reuters) - European planemak...Reuters
Wed, Jul 30
REITs end lower as US yields rise, Powell dents hopes for September rate cut
Shares of real estate investment trusts ended the regular session Wed with losses as Treasury yields rose in the wake of Federal Reserve Chair Jerome Powell comments that it is too soon to say whether the central bank will cut interest rates in September.Reuters
Wed, Jul 30
TREASURIES-US yields climb as Fed's Powell uncertain about September easing
NEW YORK, July 30 (Reuters) - U.S. Treasury yields rose on Wednesday after Federal Reserve Chair Jerome Powell said it's too soon to say whether the central bank will cut its interest rate target in September.Reuters
Wed, Jul 30
Microsoft Q4 Earnings Blow Past Estimates; Shares Rocket 8% After-Hours
TradingKey - On July 30, local time, Microsoft Corp. (MSFT) announced its fourth-quarter earnings after market close, surpassing market expectations. Its stock price surged more than 8% in after-hours trading, with a cumulative gain of 23% over the past six months.
TradingKey
Wed, Jul 30
In Line With Expectations, But Far From Calm — Fed Holds Rates Steady Once Again
TradingKey - On Wednesday afternoon (U.S. Eastern Time), the Federal Reserve once again delayed a rate cut, a decision widely anticipated by markets. This marks the fifth consecutive meeting at which the Fed has held rates steady, keeping the benchmark federal funds rate unchanged in the 4.25%–4.50%TradingKey
Wed, Jul 30
Equities retreat as Powell dampens Fed Sept cut hopes
July 30 (Reuters) - U.S. stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled expectations the central bank might be poised to cut rates at its September meeting.Reuters
Wed, Jul 30
Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand
July 30 (Reuters) - Qualcomm QCOM.O projected current-quarter sales above Wall Street expectations on Wednesday, wagering that growing AI capabilities in consumer devices will boost demand for its semiconductors despite ongoing global trade uncertainties.
Reuters
Wed, Jul 30
Chip tech provider Arm looks to design own processors in major shift
July 30 (Reuters) - Arm Holdings ARM.O is investing in developing its own chips, CEO Rene Haas said on Wednesday, marking a major shift to its model of licensing its blueprints to other companies."We are consciously deciding to invest more heavily — is the possibility of going beyond (designs)...
Reuters
Wed, Jul 30
U.S. 50% Copper Tariff Triggers Historic 18% COMEX Plunge; Mining Giants Suffer Collective Meltdown
TradingKey - On July 30, local time, the White House announced that President Trump had signed an executive order imposing a 50% universal tariff on imported semi-finished copper and copper-intensive derivative products, effective from August 1.TradingKey
Wed, Jul 30
Oil rises over 1% as investors weigh Trump's Russia stance, tariff threats
Trump vows sanctions unless Russia makes progress on peace dealTrump says US to impose 25% tariff on India from Aug 1US also warns China over Russian oil China unlikely to comply with US sanctions, analysts sayBy Arathy Somasekhar HOUSTON, July 30 (Reuters) - Oil prices settled 1% higher on Wedne...Reuters
Wed, Jul 30
WRAPUP 3-Fed holds rates steady despite Trump's pressure, with two governors dissenting
US central bank leaves policy rate in 4.25%-4.50% rangeTwo Fed governors dissent on policy decisionTrump has repeatedly demanded that Fed cut ratesBy Howard Schneider WASHINGTON, July 30 (Reuters) - The Federal Reserve held interest rates steady on Wednesday in a split decision that gave little i...Reuters
Wed, Jul 30
US FDA's top vaccine official Vinay Prasad leaves agency after 3 months
Departure follows recent criticism of regulatory decisionsAnalysts view departure as 'net positive' for biotech sector Shares of cell and gene therapy makers surge By Bhanvi Satija July 30 (Reuters) - The U.S. Food and Drug Administration's top vaccine official, Vinay Prasad, has left...Reuters
Wed, Jul 30
