News
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Solar stocks down after Trump order seeks to end wind, solar energy subsidies
U.S.-listed shares of solar companies fall premarket** President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects** The order directs the Treasury department to enforce ...Reuters
Tue, Jul 8
S&P, Nasdaq futures tick up as focus turns to trade talks after tariff jolt
July 8 (Reuters) - Futures tracking the S&P 500 and the Nasdaq inched higher on Tuesday as investors assessed U.S. President Donald Trump's latest tariff salvo and pinned their hopes on fresh negotiations with key trading partners to stave off a full-blown trade war.Reuters
Tue, Jul 8
US offers EU 10% baseline tariff on goods, with special consideration for jets and spirits
The US has pitched a new tariff deal to the European Union that would keep a 10% flat rate on all incoming goods, but with exceptions for aircraft and alcoholic spirits, according to a report from Politico. The European Commission wouldn’t offer an official comment.Cryptopolitan
Tue, Jul 8
IBM rolls out new chips and servers, aims for simplified AI
SAN FRANCISCO, July 8 (Reuters) - International Business Machines IBM.N on Tuesday announced a new line of data center chips and servers that it says will be more power-efficient than rivals and will simplify the process of rolling out artificial intelligence in business operations.
Reuters
Tue, Jul 8
Amazon Prime Day 2025 Set for Record $23.8B Haul: "Super Bomb" Discounts to Ignite US E-Commerce
TradingKey - Amazon(AMZN) Prime Day 2025 (July 8–11) is projected to become one of the largest e-commerce promotional events in U.S. history. Data firm Adobe Analytics released a report forecasting that online sales during the Prime Day event in the U.S. market could exceed $23.8 billion...
TradingKey
Tue, Jul 8
Musk's xAI Launches Grok-4; Tesla Ecosystem Integration Fuels Automation Leap
TradingKey - Elon Musk, CEO of Tesla (TSLA.US), announced that his company xAI will live stream the release of Grok-4 on the @xAI social media platform at 8 PM on July 9. This release will feature two core products: the flagship large model Grok-4 and Grok-4 Code.
TradingKey
Tue, Jul 8
Japan and South Korea Hit with New Tariffs — Will Asia See A Round of Currency Depreciation?
TradingKey - Ahead of the July 9 expiration of reciprocal tariff suspensions, U.S. President Donald Trump announced new tariffs on Japan and South Korea at 25%, reigniting concerns over trade tensions. Foreign exchange strategists warn that the yen, won, baht, and other Asian currencies may face
Rate Hold Surprises Markets: RBA’s Inflation Reasoning Puzzling, Australian Dollar Rises 1%
TradingKey - In a surprise move that defied market expectations of a rate cut, the Reserve Bank of Australia (RBA) left its policy rate unchanged amid concerns over inflation sustainability — potentially influenced by U.S. tariff policies. The decision sent the Australian dollar (AUD/USD) surging
TradingKey
Tue, Jul 8
Fed Warns Risk of Returning to Zero Rates Persists Over the Medium to Long Term
TradingKey - The Federal Reserve is cautioning that the likelihood of cutting benchmark interest rates back to zero cannot be ruled out. Despite policy rates currently sitting at elevated levels, the medium- to long-term risk of hitting the so-called zero lower bound (ZLB) remains significant, accorTradingKey
Tue, Jul 8
Samsung’s Q2 Profit May Tumble 56% as HBM Chip Fails to Secure Nvidia Certification
TradingKey - Samsung Electronics said Tuesday that second-quarter operating profit likely tumbled 56% to 4.6 trillion won ($3.3 billion), sharply exceeding analysts’ projected 41% drop and marking the company’s first profit decline since 2023.TradingKey
Tue, Jul 8
REFILE-GLOBAL MARKETS-Shares steady, yen slides after US issues tariff letters
Japan and South Korea face 25% tariffs by August 1European shares flat as investors await trade deal Goldman Sachs lifts S&P 500 return forecasts Aussie dollar rises as RBA keeps rates on holdBy Rocky Swift and Johann M Cherian TOKYO, July 8 (Reuters) - Global stocks were flat to marginally h...Reuters
Tue, Jul 8
Meta’s Mega Millions Payday Sparks Talent Quake: Apple’s Top AI Executive Ruoming Pang Jumping Ship
TradingKey - Bloomberg and multiple international media outlets reported that Ruoming Pang, a key Apple executive responsible for foundational model development in the company’s AI division, is set to leave and join Meta’s so-called “Superintelligence Lab,”.
TradingKey
Tue, Jul 8
Australia's central bank stuns markets by passing up chance to cut rates
RBA holds rates at 3.85% despite market expectations for a cutAustralian dollar rises, bond futures fall after RBA decisionMarkets now favour rates bottoming at 3.10%, rather than 2.85%Treasurer Chalmers notes disappointment, cites progress on inflationBy Stella Qiu and Wayne Cole SYDNEY, July 8Reuters
Tue, Jul 8
Dow Jones Futures attempt to recover losses as Trump delays tariff implementation
Dow Jones Futures move sideways ahead of the opening on Tuesday, trading around 44,680, up by 0.01%. Meanwhile, S&P 500 Futures were up 0.08% at around 6,280, recovering some of the previous session’s losses. Nasdaq 100 Futures led the gains, rising 0.28% to trade near 22,950 during the European houFxstreet
Tue, Jul 8
Japan vows to seek U.S. auto tariff concessions in trade talks
Japan's top trade negotiator says held phone talk with LutnickJapan, US trying to agree on package of measures, Akazawa saysJapan won't sacrifice agriculture for early dealYen slumps on receding expectations of near-term BOJ rate hikeJuly 20 election may complicate trade negotiation outcomeB...Reuters
Tue, Jul 8
Japan, South Korea face 25% tariffs as Trump ramps up trade war in letters to 14 nations
Trump extends negotiating deadline to August 1Stocks drop on tariff newsNew US tariffs debut, from 25% on Tunisia to 40% on Laos Treasury secretary says inbox full of trade offers Trump threatens BRICS nations with additional tariffsBy Jeff Mason, Bart H. Meijer and David Brunnstrom WASHINGTON/BR...Reuters
Tue, Jul 8
Vietnam, China agree to boost trade ties as Trump tariffs hit
HANOI, July 8 (Reuters) - Vietnamese Prime Minister Pham Minh Chinh and China's Premier Li Qiang have agreed to boost trade and investment ties between the two countries during a meeting on the sidelines of the BRICS summit in Brazil, Vietnam's government said on Tuesday.Reuters
Tue, Jul 8
