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Nasdaq set to open flat as Nvidia slips on China market uncertainty
Aug 28 (Reuters) - The tech-heavy Nasdaq was on track to open flat on Thursday, constrained by weakness in Nvidia shares, as uncertainty around the Sino-U.S. trade war forced the AI chip giant to leave out potential China sales from its quarterly forecast.Reuters
26 minutes ago
Fed Governor Cook sues Trump after he attempted to fire her
Aug 28 (Reuters) - Federal Reserve Governor Lisa Cook filed a lawsuit on Thursday claiming U.S. President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms for the U.S. central bank's independence.Reuters
26 minutes ago
Oil ticks lower as end of driving season looms, Druzhba restarts
Crude falls after 1% gain in previous sessionUS demand to ease at the end of summer driving seasonRussian oil supplies through Druzhba pipeline restartIndian buying pattern of Russian oil in focus By Alex Lawler LONDON, Aug 28 (Reuters) - Oil prices edged lower on Thursday after rising in the pre...Reuters
31 minutes ago
Best Buy beats quarterly sales estimates
Aug 28 (Reuters) - Electronics retailer Best Buy BBY.N posted a surprise rise in second-quarter sales on Thursday, driven by strong online sales and a surge in demand for artificial intelligence-powered computers, mobile phones and other devices.
Reuters
2 hours ago
Erosion of Fed independence would lead to higher inflation, ECB's Rehn says
HELSINKI, Aug 28 (Reuters) - U.S. President Donald Trump's escalating attacks on the Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, including higher inflation, ECB policymaker Olli Rehn said on Thursday.Reuters
2 hours ago
Apple says UK mobile market shake-up could harm users and developers
LONDON, Aug 28 - Apple AAPL.O said on Thursday Britain's plans to increase competition in the mobile operating system market could harm users and developers, and potentially force the company to share its technology with foreign competitors for free.Reuters
2 hours ago
CrowdStrike forecasts weak quarterly revenue as Windows-outage impact lingers (Aug. 27)
Aug 27 (Reuters) - CrowdStrike CRWD.O forecast weak third-quarter revenue on Wednesday, as incentives to retain customers after its botched software update continue to weigh on subscription sales.The quarterly revenue outlook overshadowed upbeat second-quarter results, sending the company's shar...Reuters
2 hours ago
Investment Advisors Drive Bitcoin and Ether Institutionalization, But the Push Behind May Also Be a Threat
TradingKey - Fueled by the Trump administration’s aggressive push to legalize cryptocurrencies and stablecoins, Wall Street investment advisors have emerged as the largest known buyers of Bitcoin and Ethereum ETFs after retail investors — signaling a shift of crypto assets from speculative
Japan's Two-Year Bond Auction Demand Hits 16-Year Low Amid Rising Rate Hike Speculation from BOJ
TradingKey - Demand for Japan's two-year government bonds hit the lowest level in 16 years this Thursday, as market speculation intensified that the Bank of Japan (BOJ) will raise interest rates later this year, coupled with expectations of increased short-term debt issuance. This development indicaTradingKey
3 hours ago
BYD European Sales Soar 225% in July, Overtaking Tesla in Market Share
TradingKey - Chinese new energy vehicle leader BYD achieved explosive sales growth in the European market in July, surpassing Tesla in market share and becoming a focal point for the global automotive industry.TradingKey
4 hours ago
Why Investors Aren’t Fazed by Trump Firing Lisa Cook From Fed Board
TradingKey - After U.S. President Donald Trump announced the immediate dismissal of Federal Reserve Governor Lisa Cook, the long-term bond market reacted first with a steepening yield curve, while risk assets like U.S. equities did not suffer the expected shock. Now, even long-term Treasury yieldsTradingKey
4 hours ago
Europe’s July car sales rise most since April 2024, BYD ahead of Tesla
Aug 28 (Reuters) - New car sales in Europe rose 5.9% in July, the best month for more than a year in a boost for the struggling industry as consumer confidence weakens, European Automobile Manufacturers Association data showed on Thursday.
Reuters
5 hours ago
India's Modi seeks closer ties on Asia tour to offset fallout from US tariffs
Indian PM set to meet leaders of Japan, China and RussiaVisit comes amid backdrop of rising trade tension with U.S.Japan expected to pledge investments of up to $68 billionChina visit is Modi's first in more than seven yearsIndia eyes deeper ties on critical minerals, manufacturingBy Krishna N. ...Reuters
5 hours ago
Snowflake's "Perfect Scorecard": AI Cloud Engine Drives Growth; Shares Jump After Hours
TradingKey - Cloud data warehouse giant Snowflake (SNOW.US) posted impressive second-quarter earnings on August 27, with core financial metrics showing strong performance and an upwardly revised full-year revenue guidance — both exceeding market expectations. Robust growth in its AI data cloud...
TradingKey
5 hours ago
Meituan's Q2 Profit Slump by 87% Spurs Divergent Views: Market Share Erosion or Long-term Strength?
TradingKey - On August 28th, Meituan (3690.HK) tumbled more than 10% at the opening of the Hong Kong market, closing down 13.07% at HK$101.1, hitting a new low since last September. The primary reason was the Q2 financial report falling significantly short of expectations, with net profit plunging 8
TradingKey
5 hours ago
Japanese Trading Houses Surge — Buffett’s Stake Hike Acts as Key Catalyst
TradingKey - Berkshire Hathaway, led by Buffett, has once again increased its exposure to Japan, sparking a broad rally in the country’s trading house sector. On Thursday local time, Mitsubishi Corporation announced that a subsidiary of Berkshire had raised its stake from 9.74% in March to 10%TradingKey
5 hours ago
Japan's Nikkei ends higher as Nvidia outlook, Buffett stake lift sentiment
TOKYO, Aug 28 (Reuters) - Japan's Nikkei share average ended higher on Thursday, supported by AI chipmaker Nvidia's strong quarterly outlook and renewed trader confidence after billionaire investor Warren Buffett increased his investments in the country.Reuters
6 hours ago
Barclays to sell Entercard stake to Swedbank for $273 million
LONDON, Aug 28 (Reuters) - Barclays BARC.L has agreed to sell its stake in joint venture Entercard Group to partner Swedbank AB SWEDa.ST for an estimated 2.6 billion crowns ($273.2 million), the British lender said on Thursday.The sale continues Barclays' efforts to dispose of non-core operation...Reuters
6 hours ago
