News
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EXCLUSIVE-Tesla signs $4.3 billion LGES battery deal, source says, reducing China reliance
LGES to provide Tesla with LFP batteries for energy storage systems from US factory -sourceTesla has been looking to reduce reliance on Chinese suppliers due to US tariffsLGES says supply contract to last from August 2027 to July 2030By Heekyong Yang and Hyunjoo Jin SEOUL, July 30 (Reuters) - Sou...Reuters
Wed, Jul 30
Fed’s Biggest Split in 30 Years: Three Camps Battle Over Rate Cuts as Bond Bulls Lose Confidence in September Easing
TradingKey - The Federal Reserve’s July FOMC meeting concludes on July 30, with markets widely expecting no rate cut and a first rate cut in September. But deep internal divisions among Fed policymakers are making Treasury investors hesitant, prompting bond bulls to scale back bullish positionsTradingKey
Wed, Jul 30
Japan's Nikkei treads water as central bank meetings, tariff deadline loom
By Kevin Buckland TOKYO, July 30 (Reuters) - Japan's Nikkei share average ended morning trade flat on Wednesday after spending most of the session slightly lower, as investors braced for a three-day period that will see policy decisions from the Federal Reserve and Bank of Japan, followed by ...Reuters
Wed, Jul 30
Lilly set for strong quarter after Novo profit warning
By Patrick Wingrove and Bhanvi Satija July 29 (Reuters) - Investors and analysts say they expect Eli Lilly LLY.N to report stronger quarterly sales and profit next week than Danish rival Novo Nordisk NOVOb.CO did on Tuesday, and are anxiously awaiting a full-year outlook and updates on an experim
Reuters
Wed, Jul 30
US, China tariff truce holds for now but US says Trump has final say
Two days of 'constructive' trade talks end in StockholmTrump to decide whether to extend truce, US officials say China seeks reduction of US tariffs and tech export controlsChina aware of strong negotiating hand, analyst says Trump says he thinks he and Xi will meet by year-endBy David Lawde...Reuters
Wed, Jul 30
Oil prices rally on US pressure on Russia, trade deal optimism
Brent, WTI hit highest since June 20US to start impose tariffs and other measures on Russia ten days from today, Trump saysChina could face high tariffs if Beijing continued its Russian oil purchasesUS crude stockpiles rose by 1.54 million barrels last week - APIBy Nicole Jao NEW YORK, July 29 (R
Reuters
Wed, Jul 30
Boeing's quarterly loss shrinks as jet deliveries rebound, but shares drop
Boeing ramps up 737 MAX production, stabilizing operationsBoeing says FAA will not certify 737 MAX 7 and 10 models until 2026Boeing faces supply chain disruptions, tariff pressuresBy Dan Catchpole and Shivansh Tiwary July 29 (Reuters) - Boeing's BA.N quarterly loss more than halved and was mu...
Reuters
Wed, Jul 30
Starbucks Beats Sales Estimates, But Comparable Sales Slide Extends to Record 6 Quarters
TradingKey - On July 29 (local time), Starbucks released its Q3 2025 fiscal earnings report. Despite actively implementing strategic adjustments to return to profitability, global comparable store sales continued to decline for the sixth consecutive quarter.
TradingKey
Tue, Jul 29
Gold ticks up with all eyes on US-China talks, Fed meeting
Fed likely to leave rates unchanged on WednesdayBullion hit its lowest level in nearly three weeks on MondayBy Sherin Elizabeth Varghese July 29 (Reuters) - Gold prices edged higher on Tuesday as investors awaited the outcome of U.S.-China trade talks and the Federal Reserve's policy meeting....Reuters
Tue, Jul 29
Britain warns Israel it will recognise Palestinian state as Gaza starvation spreads
UNITED NATIONS/LONDON, July 29 (Reuters) - Britain said on Tuesday it would recognise a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas.Reuters
Tue, Jul 29
Wall Street returns to work after Manhattan shooting that killed Blackstone executive
NEW YORK, July 29 (Reuters) - Bankers and traders returned to work on a somber Tuesday morning in Midtown Manhattan, New York's financial epicenter, one day after a shooting that killed four people, including a senior Blackstone BX.N executive.Reuters
Tue, Jul 29
Canadian Dollar continues to slide ahead of Fed rate call
The Canadian Dollar (CAD) extended into a fourth straight day of losses against the US Dollar (USD) on Tuesday, continuing a Greenback-positive theme in the run-up to the latest interest rate call from the Federal Reserve (Fed).
Fxstreet
Tue, Jul 29
US goods trade deficit shrinks in likely boost to second-quarter GDP
WASHINGTON, July 29 (Reuters) - The U.S. trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists' expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.Reuters
Tue, Jul 29
Medical Costs Spiral Out of Control, UnitedHealth’s Q2 Earnings Deal Another Blow to Market Confidence
TradingKey - UnitedHealth Group (UNH) reported its second-quarter results (April–June) on Tuesday, July 29, delivering a disappointing earnings performance as soaring medical costs once again outpaced pricing assumptions
TradingKey
Tue, Jul 29
Royal Caribbean lifts annual profit forecast on steady cruise demand
By Anuja Bharat Mistry July 29 (Reuters) - Royal Caribbean RCL.N raised its annual profit forecast on Tuesday, banking on resilient demand for its luxury destinations, even as the cruise operator faces pressure from higher fuel costs.The company also forecast current-quarter profit below estimate...Reuters
Tue, Jul 29
Spotify Crashes 11%: Soaring Payroll Taxes Trigger Profit Warning
TradingKey - On July 29, streaming giant Spotify(SPOT) projected lower-than-expected quarterly profits due to elevated payroll tax burdens linked to employee compensation, triggering an immediate over 11% intraday plunge in its share price at market open.
TradingKey
Tue, Jul 29
U.S. Job Openings Dip in June — Labor Market Shows Signs of Moderate Cooling
TradingKey - U.S. job openings declined in June after two consecutive months of increases, signaling a gradual cooldown in the labor market. According to the JOLTS report released Tuesday by the U.S. Bureau of Labor Statistics, the number of open jobs fell to 7.44 million in JuneTradingKey
Tue, Jul 29
