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Pre-Bell | US Stock Futures Little Changed. BIT Mining Soars 235%; WK Kellogg up 54%; MP Materials Surges 43%; Delta Air Lines up 13%; Nurix Jumps 12%
Stock futures were little changed Thursday as traders continued to try to shake off the tariff tumult a day after Nvidia led the Nasdaq Composite to a fresh record.Market SnapshotAt 8:15 a.m. ET, S&P 500 futures traded less than 0.1% lower, while Nasdaq-100 futures were around flat. Futures tied...Tiger News
Thu, Jul 10
U.S.-Brazil Trade War Escalates: Trump Slaps 50% Tariffs, Lula Vows "Mirror" Retaliation
TradingKey - On July 9, 2025, U.S. President Donald Trump announced via social media that a 50% tariff would be imposed on goods imported from Brazil starting August 1. This rate is significantly higher than the 25% to 40% tariffs he announced this week for 21 other countries. In a letter to...TradingKey
Thu, Jul 10
TSMC June Revenue Soars 26.9% YoY; AI Chip Demand Becomes Primary Growth Engine
TradingKey - According to its latest financial report, TSMC (TSM) reported NT$263.71 billion (US$8.3 billion) in revenue for June 2025, a year-over-year surge of 26.9%, though down 17.7% month-over-month due to the high base from May’s record revenue of NT$320.516 billion.
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Thu, Jul 10
20-Year JGB Auction Holds Up — Fiscal and Technical Recession Risks Loom
TradingKey - On July 10, Japan’s 20-year government bond auction concluded without major disruptions. The bid-to-cover ratio and tail spread did not show significant weakness — but amid concerns over economic technical recession and rising fiscal spending, investors remain cautious.
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Thu, Jul 10
Perplexity Unveils AI Browser Comet, With OpenAI Set to Follow — Is Google’s Search Dominance Under Threat?
TradingKey - Nvidia-backed AI startup Perplexity AI has introduced Comet, a new AI-powered browser, challenging Google's dominance as OpenAI gears up to debut its own offering in the coming weeks.
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Thu, Jul 10
Internal Divisions Resurface at the Fed — When Will the Cuts Begin?
TradingKey - The Federal Reserve is facing deepening internal divisions over the timing and pace of interest rate cuts, according to minutes from its June policy meeting. Of the 19 policymakers, 10 support at least two cuts this year, two favor just one, and seven believe rates should remain unchangTradingKey
Thu, Jul 10
BOJ sees firms taking US tariffs in stride but cautious on outlook
US tariff impact on output, exports limited for now, BOJ saysFirms fret about slumping demand, regional branch managers saySome regions already feeling strain of U.S. automobile tariffsBOJ seen cutting growth forecast in July, ex-policymaker saysBy Leika Kihara TOKYO, July 10 (Reuters) - Japanese...Reuters
Thu, Jul 10
Merck to Acquire Verona Pharma for $10 Billion in Bid to Cushion "Patent Cliff" Impact
TradingKey - U.S. pharmaceutical giant Merck (MRK.US) has announced a roughly $10 billion deal to acquire U.K.-based biopharma firm Verona Pharma (VRNA.US), marking a major move into the respiratory disease treatment space.
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Thu, Jul 10
Ferrero Nears $3 Billion Deal to Acquire WK Kellogg — Shares of the Cereal Maker KLG Surge 60%
TradingKey - According to a Wall Street Journal report, Italian confectionery giant Ferrero, the world’s third-largest chocolate and candy company, is close to finalizing a deal to acquire U.S. breakfast cereal brand WK Kellogg for around $3 billion. The news sent WK Kellogg shares up over 60% inTradingKey
Thu, Jul 10
RPT-Car import quotas, export credits on table for EU-US trade talks, sources say
EU seeking US trade deal ahead of August 1 deadlineUS-EU talks moving fast, officials and industry sources sayEasing of US car tariffs essential for a deal, EU diplomat saysUS imposed 25% import tariff on cars in AprilBy Christoph Steitz, Julia Payne and David Lawder FRANKFURT/BRUSSELS/WASHINGTON...Reuters
Thu, Jul 10
Philippines concerned over higher U.S. tariffs, will continue to negotiate, minister says
MANILA, July 10 (Reuters) - The Philippines is concerned about the United States' decision to impose 20% tariffs on Philippine exports but will continue to negotiate, its economic affairs minister said on Thursday.Reuters
Thu, Jul 10
TSMC second-quarter sales rise 38.6% y/y, beat forecasts
Q2 revenue ahead of forecastsCompany to report Q2 earnings on July 17TAIPEI, July 10 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's produc...Reuters
Thu, Jul 10
Sri Lanka's apparel industry alarmed by US tariff of 30%, hopes for cut
COLOMBO, July 10 (Reuters) - Distress is in store for Sri Lanka's garments sector if the island nation is unable to clinch a tariff lower than the 30% figure U.S. President Donald Trump has clamped on imports from Colombo, a top industry body warned on Thursday.Reuters
Thu, Jul 10
South Korea signals near-term rate cut, warns of 'significant' uncertainty from US tariffs
Bank of Korea holds rates steady, as expectedMost board members open to rate cut in near term Governor cites uncertainty over U.S. trade talksEconomists expect at least one more rate cut in H2By Jihoon Lee and Joyce Lee SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates...Reuters
Thu, Jul 10
