News
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Meme Coins Surge! Bonk Skyrockets Over 30%
On Thursday morning, July 17 (Asia time), the meme coin sector surged nearly 8%, pushing its total market capitalization past $72 billion, a level not seen since May 2025. Since bottoming out on June 23, meme coins have rebounded more than 53%, signaling a strong market recovery.
Japan's chip share selloff sends Nikkei lower on ASML revenue warning
By Kevin Buckland TOKYO, July 17 (Reuters) - Japan's Nikkei share average edged lower on Thursday, pulled down by a selloff in chip-related shares after Dutch chip-making tool supplier ASML ASML.AS sounded a revenue warning.The tech-heavy Nikkei .N225 was down 0.3% at 39,544.62, as of 0214 GM...Reuters
Thu, Jul 17
Ethereum Soars Over 7%, Surpassing $3400 and Reaching Six-Month High
On Thursday, July 17, Ethereum (ETH) extended its rally, jumping 7% in the past 24 hours to a high of $3,422, before settling at $3,311. This marks Ethereum’s highest price since February, driven by strong institutional demand and treasury adoption.
TradingKey
Thu, Jul 17
Building Wealth While Cashing Out — NVIDIA CEO Huang Again Sells $38 Million in Stock This Year
TradingKey - As NVIDIA’s stock (NVDA.US) hits new highs, CEO Jensen Huang continues with his planned share sales. According to a recent SEC filing, he recently sold 225,000 shares , raising approximately $38 million.
TradingKey
Thu, Jul 17
Japan's exports drop as US tariffs hit automobiles, pressure set to intensify
June exports down 0.5% yr/yr vs forecast rise of 0.5%Imports rise 0.2% yr/yr in JuneU.S.-bound shipments down 11.4% yr/yrBy Makiko Yamazaki TOKYO, July 17 (Reuters) - Japan's exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country's manufacturers, with...Reuters
Thu, Jul 17
HK Crypto Stocks Soar; Linekong Interactive up 31% As Launching of LK Crypto Division; Sinohope up 3%
HK crypto stocks soared in morning trading. Linekong Interactive up 31%; Sinohope up 3%; Grandshores up 2%; Boyaa, OSL Group up 1%.LINEKONG, a leading technology enterprise, has announced the establishment of its LK Crypto Division, marking a significant step into the Web3 and cryptocurrency managemTiger News
Thu, Jul 17
Walmart restructuring some support and training roles, memo says
July 16 (Reuters) - Walmart WMT.N is restructuring certain store-support and training roles, according to an internal memo reviewed by Reuters, in the latest move to simplify its structure.Bloomberg, which first reported the news, said that hundreds of store-support roles would be affected.The U.S.
Reuters
Thu, Jul 17
Iran ready to respond to any new attack, supreme leader says
DUBAI, July 16 (Reuters) - Iran is ready to respond to any renewed military attack, Supreme Leader Ayatollah Ali Khamenei said on Wednesday, adding that Tehran was capable of delivering a bigger blow to adversaries than the one it gave during the 12-day Iran-Israel war. "The fact that our nation...Reuters
Thu, Jul 17
Trump says India trade agreement is close, Europe deal possible
By Jasper Ward and Ismail Shakil WASHINGTON, July 16 (Reuters) - The United States is very close to a trade deal with India, while an agreement could possibly be reached with Europe as well, but it is too soon to say whether a deal can be agreed with Canada, President Donald Trump said in anReuters
Thu, Jul 17
US economic activity rises but outlook pessimistic, Fed says
July 16 (Reuters) - U.S. businesses told the Federal Reserve in June and early July that the loss of immigrant labor is adding to their struggles with the effects of fast-changing trade policies as the Trump administration's economic strategies began gaining traction.Reuters
Thu, Jul 17
Von der Leyen proposes EU budget boost to 2 trillion euros
BRUSSELS, July 16 (Reuters) - The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, with a new emphasis on economic competitiveness and defence and plans to overhaul traditional spending on farming and regional development.Reuters
Thu, Jul 17
US producer prices flat in June, but tariffs lift goods costs
WASHINGTON, July 16 (Reuters) - U.S. producer prices were unexpectedly unchanged in June as a tariff-driven increase in the cost of goods such as communication and related equipment was offset by softening demand for travel services.Reuters
Thu, Jul 17
Trump says he's not planning to fire Fed's Powell
WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell, but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates.Reuters
Thu, Jul 17
Morgan Stanley shares fall despite earnings beat, as investment banking revenue shrinks
Investment banking revenue falls 5%, lagging Goldman and JPMorganShares fall in early tradingClient assets closer to long term goal of $10 trillionMarket volatility increased equities trading revenueBy Tatiana Bautzer and Manya Saini July 16 (Reuters) - Morgan Stanley's MS.N profit beat Wall ...Reuters
Wed, Jul 16
Bank of America profit beats estimates as market turmoil boosts trading
BofA's trading revenue jumps 15%Investment banking fees lag rivals, slide 9%Net interest income grows 7% to $14.7 billionBy Pritam Biswas, Nupur Anand, Arasu Kannagi BasilJuly 16 (Reuters) - Bank of America BAC.N beat estimates for second-quarter profit on Wednesday, driven by tumultuous markets...Reuters
Wed, Jul 16
US natgas prices edge up to 2-week high on hot forecasts, near record LNG flows
July 16 (Reuters) - U.S. natural gas futures edged up about 1% to a two-week high on Wednesday as hot weather boosts the amount of gas power generators must burn to keep air conditioners humming and on near record flows of gas to LNG export plants.Reuters
Wed, Jul 16
US STOCKS SNAPSHOT-Wall St opens higher as inflation data, earnings take center stage
July 16 (Reuters) - Wall Street's main indexes opened higher on Wednesday as investors sifted through new inflation data and digested a fresh round of heavyweight earnings reports.At 9:30 a.m. ET, the Dow Jones Industrial Average .DJI rose 156.35 points, or 0.36%, to 44,179.64, the S&P 500 ....Reuters
Wed, Jul 16
