News
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$1 Billion Buyback Fails to Stem the Tide — Ethereum-Linked Stocks Crash, BMNR Plunges Over 10%
TradingKey - On July 29, U.S.-listed crypto reserve company Bitmine Immersion (BMNR.US) disclosed its latest holdings: 192 bitcoins and approximately 625,000 ether (ETH), reflecting a significant increase of 58,224 ETH from prior levels.
TradingKey
Tue, Jul 29
Spotify forecasts profit below estimate on high payroll taxes, shares sink
Spotify shares more than doubled in value in past 12 monthsCompany's premium subscribers up 12% in Q2More people are consuming video on the platform, says CEOBy Jaspreet Singh July 29 (Reuters) - Spotify SPOT.N forecast quarterly profit below estimate on Tuesday, as higher taxes related to em...Reuters
Tue, Jul 29
Weight-Loss Wonder Drug Falters? Novo Nordisk Crashes 21% After Slashing Forecast
TradingKey - On July 29, Danish pharmaceutical giant Novo Nordisk announced a significant downward revision of its full-year 2025 financial outlook and simultaneously appointed Maziar Mike Doustdar as its new Chief Executive Officer (President and CEO), triggering a more than 21% intraday plunge...
TradingKey
Tue, Jul 29
UnitedHealth signals prolonged pain with new, far lower profit forecast, shares fall
UnitedHealth profit forecast falls short of analysts' estimatesShares down about 5% Expects to return to profit growth in 2026By Sriparna Roy and Sneha S K July 29 (Reuters) - UnitedHealth Group UNH.N provided a full-year profit forecast on Tuesday after suspending its prior outlook in May,...Reuters
Tue, Jul 29
JetBlue posts smaller-than-expected loss as U.S. demand recovers
By Aishwarya Jain and Doyinsola Oladipo July 29 (Reuters) - JetBlue Airways JBLU.O on Tuesday posted an adjusted loss for the second quarter that was smaller than Wall Street expectations, helped by cost cutting measures and recovering demand for travel in the U.S.Shares of the carrier shot up ne...Reuters
Tue, Jul 29
AstraZeneca seeks US drug price cuts amid expansion plans, strong demand
July 29 (Reuters) - AstraZeneca AZN.L has proposed price cuts to its drugs in the United States, its CEO said on Tuesday, days after unveiling a $50 billion investment to expand there, as President Donald Trump pressures pharmaceuticals companies to lower costs.Reuters
Tue, Jul 29
US Treasury to Ramp Up Q3 Borrowing by 82%, with Major Short-Term Bond Issuance
TradingKey - On Monday, July 28, the US Treasury announced that it expects to borrow $1.3 trillion in net marketable debt for the third quarter, a sharp increase from the previously projected $554 billion in April—an 82% jump. This borrowing is necessary to cover maturing debts and replenish depleteTradingKey
Tue, Jul 29
COLUMN-Dollar shedding its tariff risk premium: Mike Dolan
By Mike Dolan LONDON, July 29 (Reuters) - The dollar's surge since the U.S.-European Union trade deal seems a little counterintuitive at first glance, but the rally suggests the greenback may be shedding its elevated trade risk premium - whether Washington wants that or not.The weekend's ...Reuters
Tue, Jul 29
JPMorgan’s Bold Call Sends Nike Stock Higher — World Cup Seen as Major Catalyst
On Tuesday, July 29, athletic apparel giant Nike (NYSE:NKE) extended its rally in pre-market trading, rising another 0.42% after surging nearly 4% to $79 the previous day — its highest level since February 2025.
TradingKey
Tue, Jul 29
Ray Dalio Turns Bearish on USD and U.S. Bonds — Pushes Bitcoin and Gold as Safe Havens
Bridgewater Associates founder Ray Dalio expressed a bearish outlook on the U.S. dollar and Treasury bonds, urging investors to allocate at least 15% of their portfolios to Bitcoin (BTC) or gold (XAUUSD) as a hedge against mounting macroeconomic risks.
Samsung Electronics shares extend gains after Tesla deal, but challenges remain
Samsung faces challenges in securing additional large customersMemory business needs considerable progress, analyst saysTesla deal could boost Samsung's Texas factory By Hyunjoo Jin and Zaheer Kachwala Seoul, July 29 (Reuters) - Shares in Samsung Electronics 005930.KS eked out small gains on...Reuters
Tue, Jul 29
How to Assess the U.S.-EU Tariff Deal? A Relief for European Firms, But a Slap to EU Sovereignty
TradingKey - After the U.S. and European Union reached a trade agreement on a 15% tariff rate, the euro and European stocks initially rebounded. But as more political leaders and analysts began to recognize the deal as a forced concession by the EU, the euro plunged 1% on Monday, July 28 — its sharp
TradingKey
Tue, Jul 29
Pop Mart Jumped 5% as JP Morgan says Don't Worry About Labubu's Search Popularity Dip, Look at Hello Kitty
Pop Mart Jumped 5% as JP Morgan says Don't Worry About Labubu's Search Popularity Dip, Look at Hello KittyJPMorgan believes that although Labubu's search popularity has declined by 5% from its peak, this is not a sign of its waning popularity, but rather a normal phenomenon in the development procesTiger News
Tue, Jul 29
China's yuan at one-week low; market awaits Sino-US talks, Politburo meet
SHANGHAI, July 29 (Reuters) - China's yuan touched a fresh one-week low against the dollar on Tuesday, pressured by the US currency's broad strength overseas after the US-EU trade deal, while investors anxiously await the outcome of trade talks between Beijing and Washington.The dollar jumpe...
Reuters
Tue, Jul 29
South Korea in push for US trade deal to offer package including shipbuilding tie-up
Seoul officials in all-out push to secure trade deal before deadlineSouth Korea to propose package including cooperation in shipbuilding at Washington meeting, fin minLutnick says Seoul "really wants to get a deal" after officials met him in ScotlandBy Jihoon Lee SEOUL, July 29 (Reuters) ...Reuters
Tue, Jul 29
What to Expect from U.S.-China Talks in Sweden: 90-day Extension, No Japanese-Style Breakthrough
TradingKey - Trade delegations from China and the United States are currently holding talks in Stockholm, Sweden, in a bid to de-escalate their ongoing tariff dispute. After the first day of discussions, little information has been released — but markets are betting the most likely outcome is aTradingKey
Tue, Jul 29
