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Databricks eyes over $100 billion valuation as investors back AI growth plans
Databricks' valuation set to rise 61% in new funding roundExisting investors Thrive Capital and a16z are set to double downDatabricks is one of the most valuable private companies By Pritam Biswas, Ateev Bhandari and Krystal Hu Aug 19 (Reuters) - Analytics firm Databricks said on Tuesday its ...Reuters
2 hours ago
Orsted shares sink to record lows after US halts wind farm off Rhode Island
Orsted shares drop 17% after US halts wind farm projectOrsted's project was 80% complete Orsted plans $9.4 billion rights issue despite setbackDenmark's strained US relations may hinder diplomatic effortsGovernors criticize suspension, pledge to reverse orderBy Stine Jacobsen, Jacob Gronholt...Reuters
5 hours ago
PDD's "Hard" Profits Defy Revenue Slowdown in Earnings Beat, Why Pre-Market Spike Turned Into Drop?
TradingKey - PDD released its Q2 2025 financial results on Monday, delivering overall performance better than expected. Despite a slight slowdown in revenue growth, the net profit decline narrowed significantly due to effective control of marketing expenses.
TradingKey
6 hours ago
Wall Street Banks Clash with Crypto Firms: The Genius Act Leaves a Loophole for Interest-Bearing Stablecoins
TradingKey - As stablecoins enter the “interest-bearing era,” holders are excited to transition from “non-interest-bearing depositors” to beneficiaries sharing in the yield from underlying assets. Stablecoin issuers and crypto exchanges welcome this regulatory development, but traditional Wall
TradingKey
7 hours ago
Brent's Premium to Mideast Crude Flips Negative on Trump Pressure Reshaping Oil Flows
TradingKey - According to Bloomberg's latest report, Brent crude futures—the global benchmark for oil pricing—briefly traded below the Middle Eastern benchmark Dubai crude, with the spread reaching negative 3 cents per barrel, marking the first time turning negative since April 2025.
TradingKey
8 hours ago
Figma draws 'neutral' ratings as Wall Street flags lofty valuation, rising competition
Aug 25 (Reuters) - Wall Street brokerages on Monday started their coverage of Figma FIG.N with neutral ratings, as they weighed the design software maker's lofty valuation amid stiff competition against its potential for artificial intelligence-driven growth.Reuters
8 hours ago
Evergrande’s Delisting Marks an End, But China’s Property Stocks See a New Beginning on Shanghai Easing
TradingKey - On Monday, August 25, Chinese property stocks witnessed a dramatic day: Evergrande Group, once China’s largest real estate developer, was delisted from the Hong Kong stock exchange, while onshore property stocks surged on news of new easing measures in Shanghai’s housing market. Vanke sTradingKey
10 hours ago
U.S. July PCE and GDP Data Due as Nvidia Earnings Take Center Stage【The week ahead】
TradingKey - Federal Reserve Chair Jerome Powell’s dovish hints on potential rate cuts sparked a market rally, sending all three major U.S. stock indexes higher last Friday. The Dow Jones Industrial Average closed at a record high, while the S&P 500 snapped a five-day losing streak.
TradingKey
10 hours ago
Major brokerages pivot to Sept Fed rate cut on Powell's labor warning
By Rashika Singh Aug 24 (Reuters) - Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell's shift in tone at Jackson Hole toward rising risks in the labor market.Powell's re...Reuters
11 hours ago
Powell’s Dovish Turn Fuels RMB Break Above 7 — The Ripple Effects Go Beyond the Yuan
TradingKey - Federal Reserve Chair Jerome Powell’s speech at the 2025 Jackson Hole symposium unexpectedly reassured markets about a September rate cut. Under the combined influence of domestic and external factors, calls for China’s yuan to appreciate beyond the 7-per-dollar level are growing louder
TradingKey
11 hours ago
Intel Stock Jumps 3% Premarket After a 5.5% Rally in Prior Session as US Takes Nearly 10% Intel Stake
Intel stock jumped another 3% in premarket trading after a 5.5% rally in prior session.President Donald Trump sealed a deal that give the US government a nearly 10% stake in Intel Corp., part of an unconventional bid to reinvigorate the beleaguered company and boost domestic chip manufacturing.Under
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11 hours ago
Musk’s Dual-Track AI Strategy: Open-Sourcing Grok While Building an “Anti-Microsoft” Software Firm
TradingKey - On August 23 (U.S. Eastern Time), Elon Musk’s xAI officially announced the open-sourcing of its flagship model, Grok 2.5, releasing it on the Hugging Face platform — fulfilling its pledge to open-source older models upon launching new ones.
TradingKey
11 hours ago
NIO Soars 40% in 3 Days After Radical ES8 Price Cuts; "Betting for Survival" Strategy Ignites Rally
TradingKey - NIO's Hong Kong shares continued their recent strong performance in afternoon trading, with the stock price rising steadily. As of press time, the gain had expanded to 17.13%. The company's cumulative gain over the past three trading days has approached 40%, with trading volume...TradingKey
12 hours ago
Did Powell’s “Rate Cut Rally” Spark a Rotation in the Stock Market? Tech Stocks Start to Lag Behind
TradingKey - Federal Reserve Chair Jerome Powell’s unexpectedly dovish remarks at the Jackson Hole symposium ignited strong bets on a September rate cut and fueled a rebound in U.S. equities. However, for the week, tech stocks — long the market leaders — underperformed. Beyond the relative weakness
TradingKey
12 hours ago
Behind the Rate Cut Frenzy: Is the Market Misreading Powell’s “Precautionary” Signal?
TradingKey - Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium was widely interpreted as a clear signal that a September rate cut is all but certain, sending U.S. equities to new highs.TradingKey
13 hours ago
Asia shares up on hopes for US rate cuts, Nvidia a hurdle
SYDNEY, Aug 25 (Reuters) - Asian share markets rose on Monday as investors gave a cautious welcome to the likely resumption of U.S. interest rate cuts, while hoping AI-superstar Nvidia's results this week will help justify the sector's stratospheric valuations.Reuters
15 hours ago
Australia, NZ dollars cling to gains as investors bet on US rate cuts
SYDNEY, Aug 25 (Reuters) - The Australian and New Zealand dollars largely held their gains on Monday, after a dovish turn from the world's most powerful central banker hurt the greenback and helped the pair recover in the previous session, although they are still grappling with rate-cut burdens.Reuters
15 hours ago
Japan's Nikkei climbs a 2nd day, led by tech on Fed rate cut bets
By Rocky Swift TOKYO, Aug 25 (Reuters) - Japan's Nikkei share average rose for a second straight session on Monday, led by tech shares as the domestic market reacted to optimism for looser monetary policy in the United States. The Nikkei 225 Index .N225 rose 0.7% to 42,922.33 at the midday br...Reuters
17 hours ago
