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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
Fed's inflation fears start to be realized with June CPI increase
WASHINGTON, July 15 (Reuters) - Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration's increasing import taxes passing through to consumers.Reuters
Wed, Jul 16
Oil slips as Trump's 50-day deadline for Russia eases supply fears
NEW YORK, July 15 (Reuters) - Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.
Reuters
Wed, Jul 16
Trump: Bessent an option to replace Fed chair, 'but I like the job he's doing'
Trump has railed against Powell for not lowering interest ratesBessent says formal process under wayMany good candidates, Bessent saysTrump says cost overruns on Fed project could be firing offenseBy Andrea Shalal and Jasper Ward WASHINGTON, July 15 (Reuters) - President Donald Trump said on Tues...Reuters
Wed, Jul 16
Wells Fargo profit beats estimates, cut to interest income forecast weighs on shares
High interest rates were expected to weigh on demand from borrowersCredit loss provisions drop, boosting quarterly profit growthInvestment banking fees rise 9% due to higher advisory feesFirm plans to provide more balance sheet to markets businessBy Arasu Kannagi Basil, Saeed Azhar, Pritam Biswas ...Reuters
Tue, Jul 15
Forget Silicon Valley, Q2 Bank Earnings Show: Trump 2.0 Policies Are Fueling a Wall Street Spring
TradingKey - Driven by the direct and indirect effects of Trump’s economic agenda in his second term, major U.S. banks including JPMorgan Chase (JPM) and Wells Fargo (WFC) delivered better-than-expected results for Q2 2025, signaling that Wall Street is experiencing a revival — even as other sectors
Traders stick to bets on September Fed rate cut after inflation report
July 15 (Reuters) - The Federal Reserve will likely be able to start cutting short-term borrowing costs by September, traders continued to bet on Tuesday, after a government report showed a widely expected increase in consumer prices last month.Reuters
Tue, Jul 15
PRECIOUS-Gold firms as trade tensions buoy safe-haven demand; US CPI data in focus
US CPI data due at 1230 GMTEU threatens countermeasures over US tariffsTrump urges Ukraine to consider striking Moscow Silver hovers near 14-year peakBy Anushree Mukherjee July 15 (Reuters) - Gold prices firmed on Tuesday as concerns over the global trade war fuelled demand for safe-haven assets,...Reuters
Tue, Jul 15
Musk's Political Firestorm Ignites UBS Warning: Tesla "Fundamentally Overvalued" as Shares Plunge
TradingKey - On Monday, UBS analysts pointed out in a report that Tesla’s stock price is "fundamentally overvalued," and they issued a "sell" rating on the stock. The target price was set at $215, more than 30% below the current level of $316.90, making it one of the most bearish views compared to m
TradingKey
Tue, Jul 15
Nvidia Returns to China: H20 Chips Ship as US Eases Export Controls; RTX Pro GPUs Launch Simultaneously
TradingKey - On July 15 (Beijing time), NVIDIA founder and CEO Jensen Huang announced two key developments in an interview: the U.S. has approved the sale of H20 chips to China, allowing NVIDIA to resume H20 shipments to the Chinese market, and NVIDIA will launch the RTX Pro GPU.
TradingKey
Tue, Jul 15
Nasdaq, S&P 500 futures gain ground with earnings, inflation in spotlight
July 15 (Reuters) - Futures tracking the Nasdaq and the S&P 500 edged higher on Tuesday as investors geared up for earnings from major Wall Street lenders as well as inflation data that could sway expectations around how soon the Federal Reserve will cut interest rates.Reuters
Tue, Jul 15
CoreWeave commits $6 billion to Pennsylvania data center amid Trump AI push
July 15 (Reuters) - CoreWeave CRWV.O plans to spend up to $6 billion on building a new artificial intelligence data center in Pennsylvania, as part of a push by U.S. President Donald Trump to maintain the country’s edge in the booming technology sector, the company said on Tuesday.Reuters
Tue, Jul 15
JPMorgan, BNY rise after quarterly results
Shares of BNY BK.N, the world's largest custodian bank, up 1.1% premarket** Co's total revenue climbed 9% and exceeded $5 billion for the first time in a quarter** Net interest income (NII) rose 17% vs analysts' avg. expectation of 11.8%, according to data compiled by LSEG** Profi...
Reuters
Tue, Jul 15
Trump to Unveil $70 Billion Plan for AI and Energy Investment, EQT Hits New High Since July
TradingKey - On Tuesday, Donald Trump is set to announce a $70 billion investment in artificial intelligence and energy during an event in Pennsylvania. The initiative is aimed at accelerating development within these sectors.
TradingKey
Tue, Jul 15
