News
Important Only
Wall St set for muted open on corporate earnings, trade talks
Futures: Dow down 0.11%, S&P 500 up 0.03%, Nasdaq down 0.05%Tariffs take $1 bln bite from GM earnings, shares fallRTX down after cutting 2025 profit forecastBy Nikhil Sharma and Pranav Kashyap July 22 (Reuters) - Wall Street was on track for a mixed start on Tuesday as investors weighed s...Reuters
Tue, Jul 22
Indonesia plans $8 billion refineries contract with US firm amid tariffs deal, sources say
Planned contract with KBR Inc to build 17 modular refineries, presentation showsJakarta banking on regional industry relocations to Indonesia due to lower US tariffIndonesia could see 0.5% boost to GDP due to US deal, minister tells businessesUS companies like Apple, General Electric will benefit frReuters
Tue, Jul 22
US Treasury chief: No need for Fed's Powell to step down right now
WASHINGTON, July 22 (Reuters) - There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief's legacy should be to right-size the central bank's non-monetary policy functions.Bessent's ...Reuters
Tue, Jul 22
Japanese Bonds Sound Alarm After Senate Election Defeat, Analysts Warn of Possible "Triple Threat"
TradingKey - Following a setback for Japan's ruling coalition in the Senate elections, Liberal Democratic Party leader Shigeru Ishiba faces pressure from within his party to step down. Japan's simultaneous political and economic challenges have led to an increase in yields on 20- to 40-year JapaneseTradingKey
Tue, Jul 22
Opendoor Soars Over 121% Intraday, Emerges as the Latest Meme Stock, Trading Volume Surpasses Meta
TradingKey - On Monday, July 21st, shares of real estate tech company Opendoor skyrocketed as much as 121% intraday, before closing up 42%. Trading was halted at one point due to extreme volatility. This marks the sixth consecutive day of gains for Opendoor, with a cumulative increase of 312% over t
TradingKey
Tue, Jul 22
UK borrows more as inflation adds to debt bill, and Reeves' headache
LONDON, July 22 (Reuters) - Britain borrowed more than expected in June as a jump in inflation pushed up the government's debt costs, adding to speculation about the need for new tax hikes by finance minister Rachel Reeves later this year.Reuters
Tue, Jul 22
NFT Treasury Trend Takes Off — GameSquare Becomes First Public Company to Add NFTs to Its Balance Sheet
On Monday, July 21, GameSquare Holdings (GAME), a U.S.-listed media and tech firm, announced it has expanded its digital asset treasury authorization from $100 million to $250 million, with a new allocation dedicated to NFT investments.
TradingKey
Tue, Jul 22
Deutsche Bank Alert: Powell Ouster Could Thrust 30-Year Treasury Yields by 56 BPS
TradingKey - Deutsche Bank’s latest research report warns that if President Donald Trump removes Federal Reserve Chair Jerome Powell, challenges to the Fed’s independence could trigger severe turbulence in the U.S. Treasury market.TradingKey
Tue, Jul 22
Japan bonds drift higher as traders assess fiscal fallout from coalition defeat
TOKYO, July 22 (Reuters) - Japanese government bonds drifted higher on Tuesday as investors returning from a long holiday weekend assessed the fiscal implications of the ruling coalition's recent election defeat.
Reuters
Tue, Jul 22
Google clinches milestone gold at global math competition, while OpenAI also claims win
AI models solved math problems by processing them using natural languageAI could soon tackle unsolved research problems, says math professor and former championOpenAI self-published results before official verificationBy Kenrick Cai and Jaspreet Singh July 21 (Reuters) - Alphabet's GOOGL.O Go...Reuters
Tue, Jul 22
Asian stocks firm as investors look to tariff negotiations, earnings
SINGAPORE, July 22 (Reuters) - Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners.Reuters
Tue, Jul 22
Japan's Nikkei nudges higher as investors digest election results
TOKYO, July 22 (Reuters) - Japan's Nikkei share average edged higher on Tuesday, as investors returning from an extended holiday weekend reacted positively to the outcome of the upper house election, which aligned with market expectations.Reuters
Tue, Jul 22
S&P 500 and Nasdaq notch record high closes, lifted by Alphabet
July 21 (Reuters) - The S&P 500 and the Nasdaq notched record high closes on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration's global tariffs.Reuters
Tue, Jul 22
US Treasury's Bessent calls for review of Fed non-monetary policy operations
WASHINGTON, July 21 (Reuters) - U.S. Treasury Secretary Scott Bessent said the Federal Reserve's vital independence on monetary policy is threatened by its "mandate creep" into non-policy areas and he called on the U.S. central bank to conduct an exhaustive review of those operations.Reuters
Tue, Jul 22
