News
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Wall Street’s First Big Voice Takes a Stand — JPMorgan’s Dimon: Fed Independence Is Absolutely Critical
TradingKey - As the standoff between President Trump and Fed Chair Jerome Powell over rate cuts continues, Jamie Dimon, CEO of JPMorgan Chase, has become the first major Wall Street figure to publicly support the independence of the Federal Reserve.
TradingKey
Wed, Jul 16
Shakeup in Bloomberg Billionaires Index: Oracle Founder Surpasses Zuckerberg
TradingKey - On Tuesday, the Bloomberg Billionaires Index saw a reshuffle, with Oracle (ORCL) founder Larry Ellison climbing to second place with a net worth of $251.2 billion, surpassing Meta CEO Mark Zuckerberg.
TradingKey
Wed, Jul 16
Baidu Stocks Surge in US and Hong Kong as Apollo Go Teams Up with Uber for Global Expansion
TradingKey - On Tuesday, Eastern Time, Chinese search engine giant Baidu announced a multi-year partnership with ride-hailing titan Uber. The agreement involves deploying thousands of Apollo Go autonomous vehicles on Uber’s platforms outside China and the US, with the first deployments expected in A
TradingKey
Wed, Jul 16
Is the U.S. June CPI Report Less Optimistic Than It Appears? Wall Street Warns: Soft Demand Masks Tariff Impact
TradingKey - The U.S. June CPI report, released on Tuesday, July 15, showed a moderate rise in inflation, broadly in line with expectations. While the headline figures appear stable, underlying details suggest that Trump’s tariff-driven inflation is starting to show — but is being partially maskedTradingKey
Wed, Jul 16
"Tech + Rare Earths" — Apple Emerges as a Key Backer of MP Materials: A $500 Million Bet on U.S. Rare Earth Supply Chain
TradingKey - According to multiple media reports, Apple (AAPL.US) is preparing to announce a strategic investment of up to $500 million in collaboration with MP Materials , the largest rare earth producer in the United States and operator of the only active rare earth mine in the country — the Mount
TradingKey
Wed, Jul 16
EUR/GBP pares gains above 0.8650 after hotter UK CPI inflation data
The EUR/GBP cross trades in positive territory near 0.8675 during the early European session on Wednesday. However, the Pound Sterling (GBP) recovers some lost ground against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.
Fxstreet
Wed, Jul 16
Wall Street Giants Shift Gears: JPMorgan, Citi, and Bank of America All Signal Strong Support for Stablecoins
TradingKey - Despite procedural setbacks for the U.S. stablecoin bill in the House of Representatives, major Wall Street financial institutions are accelerating their moves into the stablecoin space.
TradingKey
Wed, Jul 16
Asset Tokenization Heats Up — UK Treasury Joins Global Race to Digitize Finance
On July 16, the UK Treasury officially announced its support for exploring asset tokenization in financial markets, aiming to accelerate blockchain adoption across the financial sector. The move positions the UK alongside other global leaders racing to modernize capital markets through distributed l
Meta’s buy-and-build AI merger lacks synergy
NEW YORK, July 16 (Reuters Breakingviews) - Mark Zuckerberg’s latest merger will be incredibly hard to engineer successfully. The Meta Platforms META.O boss is trying to combine buying and building to turbocharge his ambitions in artificial intelligence.
Reuters
Wed, Jul 16
Bitcoin Profit-Taking Spikes Without Price Drop – Strong Demand Or Delayed Reaction?
Bitcoin’s (BTC) on-chain activity has accelerated over the past few days, with the leading cryptocurrency by market cap hitting successive new all-time highs (ATHs). As a result, several metrics now indicate renewed interest from both long-term holders and recent participants.NewsBTC
Wed, Jul 16
Apple in $500 million rare earth magnet deal with MP to expand US supply chain
July 15 (Reuters) - Apple AAPL.O has signed a $500 million deal with MP Materials MP.N for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth.Reuters
Wed, Jul 16
Dollar firms with Treasury yields as Trump's tariffs cloud US rate outlook
SINGAPORE, July 16 (Reuters) - The U.S. dollar drew support from elevated Treasury yields on Wednesday, which in turn kept pressure on the yen after the latest U.S. inflation report showed signs that President Donald Trump's tariffs were beginning to feed into prices.Reuters
Wed, Jul 16
Down Again! ChatGPT and Sora Outage Sparks Global AI Productivity Crisis
TradingKey - , OpenAI’s services — including ChatGPT, its video-generation model Sora, and the GPT API — suffered a major outage, sparking widespread frustration among users worldwide. This marks the second significant disruption this month, further fueling concerns overTradingKey
Wed, Jul 16
Nvidia's resumption of AI chips to China is part of rare earths talks, says US
Nvidia expects US licences for H20 AI sales soonAMD to resume shipments of MI308 AI chipsChinese companies scramble to order chipsNvidia, AMD shares jump in New York tradingBy Jarrett Renshaw and Karen Freifeld WASHINGTON/BEIJING/HONG KONG, July 15 (Reuters) - Nvidia's NVDA.O planned resumpti...Reuters
Wed, Jul 16
Trump moves to end crypto week legislation snag
By Chris PrenticeWASHINGTON, July 15 (Reuters) - U.S. President Donald Trump on Tuesday stepped in to broker an agreement among Republican lawmakers after a snag cast doubt on the fate of long-awaited cryptocurrency legislation that would mark a major victory for the digital assets sector.A failed p...Reuters
Wed, Jul 16
Trump sets 19% tariff on Indonesia goods in latest deal, EU readies retaliation
US had nearly $18 billion trade gap with Indonesia last yearTrump says tariff letters to smaller countries coming soonEuropean Commission targets $84 billion worth of US importsEU seeking deal but preparing retaliation, trade chief saysBy David Lawder and Philip Blenkinsop WASHINGTON/BRUSSELS, JuReuters
Wed, Jul 16
