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Some market relief after Japan trade deal
Dow, S&P 500 modestly higher early, Nasdaq slightly in the redJun existing home sales 3.93M vs 4.00M estimateEuro STOXX 600 index up ~0.9%Dollar ~flat; gold, crude dip; bitcoin down ~1.5%U.S. 10-Year Treasury yield rises to ~4.37%Welcome to the home for real-time coverage of markets brought to y...Reuters
Wed, Jul 23
Lamb Weston rises on upbeat sales forecast, Q4 beat
**Shares of frozen potato products maker Lamb Weston LW.N rise as much as 19% to $58.50 in early trade after company forecasts annual revenue largely above estimates ** Stock set for best day on record, if gains hold** Expects fiscal 2026 sales in the range of $6.35 bln to $6.55 bln, versus analysts...Reuters
Wed, Jul 23
NVR's quarterly profit drops on lower homebuilding margins
July 23 (Reuters) - NVR NVR.N on Wednesday posted a decline in second-quarter profit, as incentives for buyers lowered margins on home sales amid higher interest rates and rising costs.The homebuilder's net income fell 17% to $333.7 million in the quarter ended June 30 from a year ago, amounting...Reuters
Wed, Jul 23
TREASURIES-Japan trade deal spurs risk-on move, pressuring US bonds
Investors sell bonds as Japan trade deal boosts stock marketsPolitical, fiscal risks in Japan weigh on US bond pricesTreasury 20-year auction on deck later on Wednesday By Davide Barbuscia NEW YORK, July 23 (Reuters) - U.S. Treasury prices declined on Wednesday after three consecutive days of gai...Reuters
Wed, Jul 23
Trump strikes tariff deal with Japan, auto stocks surge
Deal includes $550 bln Japanese investment packageTariffs on Japanese autos cut to 15% from 27.5%Other duties due on August 1 reduced to 15% Japanese stocks jump, led by automakersBy Trevor Hunnicutt and Mariko Katsumura WASHINGTON/TOKYO, July 23 (Reuters) - U.S. President Donald Trump struck a t...Reuters
Wed, Jul 23
Drug, semiconductors tariffs to be separate, White House says amid Japan deal
WASHINGTON, July 23 (Reuters) - Japan won't be treated worse than other U.S. trading partners when it comes to tariffs on medicines and semiconductor chips, a White House official said on Wednesday after their announced trade deal, adding that those rates will be negotiated separately.Reuters
Wed, Jul 23
Wall Street poised for higher open as US-Japan trade deal lifts sentiment
Futures up: Dow 0.52%, S&P 500 0.35%, Nasdaq 0.08% Tariffs on Japanese autos cut to 15% from 27.5%AT&T beats quarterly profit estimates, but shares slipTexas Instruments slumps as tariff uncertainty hits demandBy Nikhil Sharma and Pranav Kashyap July 23 (Reuters) - Wall Street was poised ...Reuters
Wed, Jul 23
Trump again calls for Fed board to act, says Powell 'doesn't get it'
July 23 (Reuters) - U.S. President Donald Trump on Wednesday reiterated his criticism of Federal Reserve Chairman Jerome Powell amid his ongoing call for lower rates, and called on the central bank's board to act."Our Rate should be three points lower than they are, saving us $1 Trillion per...Reuters
Wed, Jul 23
Wall Street Futures Boosted By US-Japan Trade Deal; Abivax Soared 490%; Fiserv Down 17%; Opendoor Down 10%
U.S. stock index futures rose on Wednesday after President Donald Trump clinched a trade deal with Japan, fueling hopes for a wave of new agreements ahead of the fast-approaching August 1 deadline.Market SnapshotAt 8:13 a.m. ET, S&P 500 E-minis were up 24 points, or 0.38%, Nasdaq 100 E-minis were upTiger News
Wed, Jul 23
US Treasury Sec. Bessent: Not in a rush to nominate Powell's replacement
In an interview with Bloomberg TV on Wednesday, United States (US) Treasury Secretary Scott Bessent noted that they are not in a rush to nominate a new Federal Reserve (Fed) chair to replace Chairman Jerome Powell.Fxstreet
Wed, Jul 23
Intel's chip contracting plan in spotlight on earnings day
By Arsheeya Bajwa July 23 (Reuters) - Faced with slumping quarterly sales and a burgeoning loss, Intel INTC.O shareholders will want to know new CEO Lip Bu-Tan's plans for the chipmaker's nascent contract manufacturing business. Intel is set to report its sixth consecutive net loss on Thu...
Reuters
Wed, Jul 23
OpenAI and Oracle Reunite to Develop 4.5 GW Stargate Data Center
TradingKey - On July 22, OpenAI announced that it has reached an agreement with Oracle to develop a 4.5-gigawatt "Stargate" data center in the United States. This ambitious project is expected to create over 100,000 jobs across the country.
TradingKey
Wed, Jul 23
Nikkei Climbs Back to 40,000, Reaching Yearly High, While Japanese Bonds Plummet
TradingKey - On Tuesday, Eastern Time, President Trump announced a trade agreement with Japan, reducing tariffs on Japanese imports to 15%. Meanwhile, rumors of Japanese Prime Minister Shigeru Ishiba's planned resignation emerged, causing Japanese stocks to soar sharply, while bonds plunged.TradingKey
Wed, Jul 23
Japan's PM Ishiba denies he has decided to quit
By Tim Kelly, Satoshi Sugiyama and Leika KiharaTOKYO, July 23 (Reuters) - Japanese Prime Minister Shigeru Ishiba denied on Wednesday he had decided to quit after a source and media reports said he planned to announce his resignation to take responsibility for a bruising upper house election defeat.A...Reuters
Wed, Jul 23
JPMorgan to Accept Bitcoin as Loan Collateral in 2026: Dimon's Stunning Reversal on Crypto
TradingKey - According to the Financial Times, JPMorgan Chase (JPM), one of the largest U.S. banks, is exploring a significant business innovation: offering crypto-backed loans to clients holding cryptocurrencies — primarily Bitcoin and Ethereum — as early as 2026.TradingKey
Wed, Jul 23
Trump pulls US out of UN cultural agency UNESCO for second time
UNESCO boss says decision regrettable but expectedWhite House says UNESCO supports 'woke' causesIsrael welcomes US decision to pull outBy John Irish and Doina Chiacu PARIS/WASHINGTON, July 22 (Reuters) - President Donald Trump has decided to pull the United States out of the "woke"...Reuters
Wed, Jul 23
BOJ sees trade deal as raising chance of meeting inflation goal
BOJ to keep raising rates if economy improves, Uchida saysJapan-US trade deal reduces economic uncertaintyInflation overshooting expectations, may broadenBOJ to meet July 30-31, issue quarterly outlook reportBy Leika Kihara KOCHI, Japan, July 23 (Reuters) - Japan's trade deal with the U.S...Reuters
Wed, Jul 23
Dollar holds losses after Trump announces Japan trade deal, yen wobbles
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeYen wavers as investors weigh Ishiba resignation, trade dealJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar s...
Reuters
Wed, Jul 23
