News
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Trump suggests Fed may be ready to lower interest rates
By Steve Holland and Nandita Bose WASHINGTON, July 25 (Reuters) - President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.The two men met on Thursday w...Reuters
Fri, Jul 25
Wall Street inches up as Trump's EU trade remarks and Fed hints stir caution
July 25 (Reuters) - The S&P 500 and the Dow edged up in tepid trading on Friday as investors assessed President Donald Trump's latest comments on trade discussions with the European Union and his hints that a rate cut from the U.S. Federal Reserve was imminent.Reuters
Fri, Jul 25
Meta to halt political advertising in EU from October, blames EU rules
Move echoes decision announced by Google in NovemberNew EU rules on political ads will apply from October 10Meta says new rules will affect voters' ability to be informedBy Foo Yun Chee BRUSSELS, July 25 (Reuters) - Meta Platforms META.O will end political, election and social issue advertisi...
Reuters
Fri, Jul 25
The $30 Billion Quarter: What TSMC's Blowout AI Demand Tells Us
Earnings season is upon us! Last week, Taiwan Semiconductor Manufacturing (NYSE: TSM) reported financial and operating results for the second quarter of 2024. Let's explore the Q2 report from TSMC (as the company is known for short).
The Motley Fool
Fri, Jul 25
Trump says there is a 50-50 chance of trade deal with EU
WASHINGTON, July 25 (Reuters) - U.S. President Donald Trump on Friday said there was a 50-50 chance that the United States would reach a trade agreement with the European Union.Trump spoke to reporters as he left the White House to head to Scotland for several days of golfing and bilateral meetings.Reuters
Fri, Jul 25
US Durable Goods Orders decline by 9.3% in June vs. -10.8 expected
Durable Goods Orders in the United States (US) declined by 9.3%, or $32.1 billion, in June to $311.8 billion, the US Census Bureau reported on Friday. This reading followed the 16.5% increase (revised from 16.4%) reported in May and came in better than the market expectation for a decrease of 10.8%.Fxstreet
Fri, Jul 25
Fed Renovation Costs Stir Debate Between Trump and Powell, No Dismissal
TradingKey - On July 24, President Donald Trump made a visit to the Federal Reserve headquarters to inspect its renovation project, a move seen as an escalation of pressure on Fed Chair Jerome Powell. However, during the visit, Trump stated he wouldn't dismiss Powell over the renovation's budget oveTradingKey
Fri, Jul 25
South Korea officials to meet US commerce secretary again for tariff talks
South Korea in race to clinch trade deal by August 1 Industry minister latest in flurry of Washington meetingsSeoul 'very, very' much wants deal after US-Japan one -LutnickBy Jack Kim and Ju-min Park SEOUL, July 25 (Reuters) - South Korea's Industry Minister Kim Jung-kwan and top trad...Reuters
Fri, Jul 25
"Economic Heart Attack" Imminent: Dalio Warns US Has 3 Years to Curb Deficits or Face Catastrophe
TradingKey - On July 24, Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, issued an urgent warning via social platform X: "If the U.S. does not immediately act to reduce its fiscal deficit, it could face a systemic crisis akin to an 'economic heart attack' within three yeTradingKey
Fri, Jul 25
Intel Q2 Revenue Up But Profits Stagnate: Can Razor-Thin Q3 Guidance Break Downward Spiral?
TradingKey - On July 25, Intel (INTC) reported its second-quarter earnings, with revenue exceeding market expectations. Still, net income and earnings per share (EPS) fell short due to impairment charges and one-time costs.
TradingKey
Fri, Jul 25
Volkswagen lowers guidance as tariffs hit profit in second quarter
BERLIN, July 25 (Reuters) - Volkswagen VOWG.DE on Friday gave its first assessment of how U.S. President Donald Trump's trade war with Europe is expected to impact its 2025 earnings after tariffs dealt a blow to the German auto giant's operating profit in the second quarter.Reuters
Fri, Jul 25
Benchmark JGBs muted, set for 5th weekly fall on political, fiscal woes
TOKYO, July 25 (Reuters) - Benchmark Japanese government bonds (JGBs) were muted on Friday, but remained on course for a fifth straight week of declines as concerns deepened over political instability and the country's finances.Reuters
Fri, Jul 25
Nikkei falls as traders lock in gains after US trade deal rally
TOKYO, July 25 (Reuters) - Japan's Nikkei share average dropped on Friday, halting a two-day advance that brought the index to the brink of a record, as traders locked in gains spurred by a newly inked trade deal with the United States.Reuters
Fri, Jul 25
Core inflation in Japan's capital stays above BOJ target in July
Tokyo July core CPI rises 2.9% yr/yr vs f'cast +3.0%Index excluding fresh food, fuel rises 3.1% yr/yr in JulyBOJ to revise up this year's price forecast at quarterly reviewBOJ to hold policy meeting July 30-31, rates seen on holdBy Leika Kihara TOKYO, July 25 (Reuters) - Core consumer inf...Reuters
Fri, Jul 25
Weyerhaeuser reports 50% drop in second-quarter profit on weak lumber demand
July 24 (Reuters) - U.S. timber company Weyerhaeuser WY.N reported a 50% drop in second-quarter profit on Thursday, hurt by continued weakness in commodity wood product pricing and softer demand across key end markets.
Reuters
Fri, Jul 25
