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Oil ticks up on US crude stocks drop, impact of US tariffs on India
US crude stocks down by 2.4 million barrels: EIATrump's hefty India tariffs take effect US envoy to meet Ukrainian representatives in New YorkRussia plans higher August crude exportsBy Arathy Somasekhar HOUSTON, Aug 27 (Reuters) - Oil prices edged higher on Wednesday on a larger-than-expected...Reuters
12 minutes ago
Kohl's sharper focus on turnaround drives profit lift, shares surge
Shares up 20% in morning tradingQ2 EPS beats estimates on cost cutsNarrows annual sales targets, lifts margin forecastExecutives signal strong start to back-to-school seasonBy Juveria Tabassum and Sanskriti Shekhar Aug 27 (Reuters) - Kohl's KSS.N raised its annual profit forecast on Wednesda...Reuters
55 minutes ago
Dollar recovers despite Fed independence jitters; European stocks calm after French selloff
LONDON/SINGAPORE, Aug 27 (Reuters) - The U.S. dollar recovered on Wednesday even as investors worried about attacks on Federal Reserve independence, while European shares edged higher after a sharp drop the day before, with the focus now turning to earnings from AI leader Nvidia NVDA.O.Reuters
3 hours ago
Meituan’s Food Delivery War Cracks as Q2 Profit Plummets 89% on Core Weakness and Expanding Losses
TradingKey - Fueled by “irrational competition” in the food delivery sector, Meituan (3690.HK) saw its Q2 2025 net profit crash 89% due to a surge in sales expenses. With its core local services business underperforming and new ventures deepening losses, the delivery giant faces mounting pressure on
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3 hours ago
Bessent says everything on table in China trade talks -Fox Business
Aug 27 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that "everything is on the table" in trade talks with China and that he will be meeting again with his Chinese counterpart at the end of October or beginning of November.Reuters
4 hours ago
Lutnick Discloses Inside Scoop: US Government Pressures TSMC to Trade Investment for Subsidies
TradingKey - In a recent interview, US Commerce Secretary Howard Lutnick criticized the Biden administration’s subsidy policy as "giving away money for nothing." He highlighted that the Trump administration demanded a "fair deal" from companies as a condition for receiving subsidies. This approach l
TradingKey
6 hours ago
India’s Bold Pivot: Using Tariff Pressure as a Trigger for Tax Cuts and Bureaucracy Reform
TradingKey - The Trump administration’s imposition of a 50% tariff on Indian goods has pushed the decades-long U.S.-India relationship into a “darkest hour.” Rather than capitulate, India has responded by launching deep domestic reforms aimed at long-standing structural problems — particularly itsTradingKey
6 hours ago
Dow Jones futures steady as Nvidia earnings, AI stocks drive focus
Dow Jones futures remain steady near 45,500 during European hours on Wednesday, ahead of the opening of the United States (US) regular markets. Moreover, the S&P 500 futures and the Nasdaq 100 futures hold ground near 6,480 and 23,590, respectively.Fxstreet
6 hours ago
Mixue's Sweet Growth: Revenue Jumps 39% to $14.87B as 53,000 Stores Fuel Dual Expansion
TradingKey - Mixue Group released its first half-year financial report since listing on Wednesday, demonstrating robust growth momentum. The report showed revenue of RMB 14.87 billion for the first half of the year, up 39.3% year-on-year, with net profit reaching RMB 2.718 billion...TradingKey
7 hours ago
Trump's efforts to remove Fed governor set to test Treasury market
Potential for looser monetary policy with Trump's Fed appointeesYield curve steepens amid fears of aggressive rate cutsHigh U.S. debt levels may tempt government to influence Fed policyBy Davide Barbuscia NEW YORK, Aug 27 (Reuters) - U.S. bond investors expect President Donald Trump's lat...Reuters
8 hours ago
The ‘Boiling Frog’ Playbook: Why Wall Street’s Relief Over the Fed Is Premature
TradingKey - President Donald Trump’s direct move to fire Federal Reserve Governor Lisa Cook has sparked intense debate on the politicization of the Fed, with The Wall Street Journal declaring the potential “end of Fed independence.” While long-term U.S. Treasury yields reacted immediately, U.S.TradingKey
8 hours ago
Domino's Plunges 22% on First-Ever Annual Loss; Can Cost Cuts Save the Day?
TradingKey - Domino's Pizza Enterprises reported its first annual loss since going public on Wednesday, triggering a 22% plunge in its share price to A$15.10, marking the largest single-day drop in nearly two months.
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8 hours ago
Cambricon Briefly Outpaces Moutai as China's Priciest Stock, Fueled by AI Chip Demand
TradingKey - On August 27, Cambricon's stock surged nearly 10% during intraday trading, breaking through the 1,400 yuan mark and reaching a peak of 1,464.98 yuan, surpassing Moutai to become the priciest stock of A-share, with the total market capitalization briefly exceeded 600 billion yuan.TradingKey
8 hours ago
Ahead of Nvidia’s “Make-or-Break” Q2 Earnings, Here's What Analysts Have to Say
TradingKey - Nvidia (NVDA), the leader of the artificial intelligence wave, is about to release its second-quarter 2025 earnings (Q2 FY2026), a report widely regarded as “the most important earnings report in the market.” Nvidia’s results will serve as a litmus test for whether the AI-driven demand
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9 hours ago
Lockheed Martin Could Be the Next “Intel”? U.S. Weighs Equity Stakes to Share in Defense Profits
TradingKey - Following former President Donald Trump’s high-profile claim that “owning Intel is a great deal,” Commerce Secretary Lutnick suggested on Tuesday (U.S. Eastern Time) that defense giants like Lockheed Martin (LMT.US) could be next in line for government equity investment.
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9 hours ago
Trump's doubling of tariffs on Indian imports takes effect, hiking tensions
WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on goods from India to as much as 50% took effect as scheduled on Wednesday, escalating tensions between the world's two largest democracies and strategic partners.Reuters
11 hours ago
