News
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India’s Boeing 787-8 Crashes, Over 265 Casualties; Boeing Stock Plummets!
TradingKey - On June 12 local time, an India Airlines Boeing 787-8 "Dreamliner" crashed in Ahmedabad, a city in western India. Following the incident, Boeing's stock price fell by as much as 8% in pre-market trading on Wall Street. Although the decline narrowed after the market opened, the stock...
TradingKey
Fri, Jun 13
Israeli Airstrikes on Iran Trigger 18% Surge in VIX Fear Gauge – Safe-Haven Dollar Fails to Rally
TradingKey - In the early hours of Thursday, June 13 (local time), Israel launched airstrikes against Iran, targeting multiple facilities in a military operation codenamed "Nation of Lions", aimed at curbing Iran's nuclear development. Iranian media reported loud explosions across several areas in..
Apple's iPhone sales capture top spot in Chinese market in May, Counterpoint Research says
June 13 (Reuters) - Apple's AAPL.O iPhone sales rose to the top spot in China in May, with global sales growing 15% year-on-year during April and May in the tech giant's strongest performance for the two-month period since the COVID-19 pandemic, data from Counterpoint Research showed.Reuters
Fri, Jun 13
PRECIOUS-Gold hits nearly two-month high as Middle East tensions spur safe-haven demand
June 13 (Reuters) - Gold prices climbed on Friday to their highest levels in nearly two months, and were on track for a weekly gain, after Israeli military strikes on Iran drove investors toward safe-haven assets.Reuters
Fri, Jun 13
EXCLUSIVE-Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs
NEW DELHI, June 13 (Reuters) - Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed, far above the 2024 average of 50% and a clear sign of Apple's efforts to bypass high U.S. tariffs imposed on China.
Reuters
Fri, Jun 13
GRAINS-Soybeans rise on oil rally, still on track for weekly loss
BEIJING, June 13 (Reuters) - Chicago soybeans rose on Friday, buoyed by surging soyoil prices, but remain on track for a weekly loss amid uncertainty over U.S. biofuel mandates, weak exports, and ample global supplies.Reuters
Fri, Jun 13
Iron ore set for weekly loss as Trump's fresh tariffs on steel weigh
BEIJING, June 13 (Reuters) - Iron ore futures extended decline for a second consecutive session on Friday, set for a weekly loss, as U.S. President Donald Trump's plan to impose a 50% tariff to an additional range of "steel derivative products" weighed on sentiment.Reuters
Fri, Jun 13
METALS-Copper eases, aluminium up on fundamental support
SINGAPORE, June 13 (Reuters) - Copper prices edged lower on Friday as market optimism waned after the U.S.-China trade talks, while aluminium on the Shanghai Futures Exchange and London Metal Exchange rose on consistent support from lower stocks.Reuters
Fri, Jun 13
Gold heads for weekly gain as Middle East tensions spur safe-haven demand
June 13 (Reuters) - Gold prices climbed on Friday and were poised for a weekly gain, as Middle East tensions boosted demand for safe-haven assets, while a weaker dollar and expectations of imminent interest rate cuts by the Federal Reserve also supported bullion.
Reuters
Fri, Jun 13
GLOBAL MARKETS-Stocks tick up but dollar hits 2025 low amid mixed macro signals
June 12 (Reuters) - The dollar hit a 2025 low on Thursday but Wall Street stocks continued their recent rally as traders weighed low inflation readings, rising Middle East tensions, and the fragility of a U.S.-China trade truce.Reuters
Fri, Jun 13
US STOCKS-S&P 500 ends higher as Oracle reignites AI rally; Boeing drops
June 12 (Reuters) - The S&P 500 ended higher on Thursday after a strong outlook from Oracle fueled optimism around artificial intelligence, offsetting worries about tension in the Middle East and a drop in Boeing shares.Reuters
Fri, Jun 13
Oil settles lower as traders gauge Middle East tensions
NEW YORK, June 12 (Reuters) - Oil prices settled slightly lower on Thursday as traders booked profits from a 4% rally in the prior session, driven by concerns that worsening tensions in the Middle East could cause supply disruptions.
Reuters
Fri, Jun 13
Nvidia to stop including China in forecasts amid US chip export controls, CNN reports
June 12 (Reuters) - Nvidia NVDA.O will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough U.S. restrictions on chip sales to China, CEO Jensen Huang told CNN on Thursday.
Reuters
Fri, Jun 13
US FAA engaged with Boeing, GE in Air India crash investigation
June 12 (Reuters) - The Federal Aviation Administration is engaged with planemaker Boeing BA.N and engine manufacturer GE Aerospace GE.N to review information as part of the investigation into the crash of an Air India Boeing 787 Dreamliner.Reuters
Fri, Jun 13
AMD unveils AI server as OpenAI taps its newest chips
SAN JOSE, June 12 (Reuters) - Advanced Micro Devices AMD.O CEO Lisa Su on Thursday unveiled a new artificial intelligence server for 2026 that aims to challenge Nvidia's NVDA.O flagship offerings as OpenAI's CEO said the ChatGPT creator would adopt AMD's latest chips.
Reuters
Fri, Jun 13
Chime valued at $18.4 billion as shares soar in Nasdaq debut
Chime prices IPO at $27, stock opens at $43Fetches fully diluted valuation of $18.4 billionPerformance seen as bellwether for other fintech IPOsBy Manya Saini, Niket Nishant and Hannah Lang June 12 (Reuters) - Chime Financial's CHYM.O shares surged 59% in their hotly anticipated Nasdaq d...Reuters
Thu, Jun 12
Micron boosts US investment plan by $30 billion amid Trump's onshoring push
By David Shepardson, Arsheeya Bajwa WASHINGTON, June 12 (Reuters) - Memory chip maker Micron Technology MU.O said on Thursday it is expanding its U.S. investments by $30 billion as President Donald Trump presses companies to boost U.S. investments and threatens new tariffs on semiconductors.Micro...Reuters
Thu, Jun 12
US producer prices rebound less than expected in May
WASHINGTON, June 12 (Reuters) - U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares.The producer price index for final demand rebounded 0.1% last month after a revised 0.2% decline in April, the Labor Department's Bureau of Labor Statis...Reuters
Thu, Jun 12
Jensen Huang Bullish on Quantum Computing! Remark Triggers Surge in Quantum Concept Stocks
TradingKey – On Wednesday, Nvidia CEO Jensen Huang shifted from his previously cautious stance on quantum computing, declaring that "quantum computing is at a turning point." This statement catalyzed a surge in related stocks.
TradingKey
Thu, Jun 12
Interest on Debt Tops $92 Billion in May, Expanding Deficit; Can Strong 10-Year Auction Rescue the Market?
TradingKey - On Wednesday, the US Treasury reported that the federal budget deficit expanded to $316 billion in May, with the year-to-date cumulative deficit reaching $1.36 trillion. For the third consecutive year, the fiscal deficit as a percentage of GDP has exceeded 6%, with the total debt soarinTradingKey
Thu, Jun 12
Oracle Smashes Q4 Views with $15.9B Revenue; Stock Soars 8% After-Hours as Cloud Giant Targets Data Center Dominance
TradingKey - Oracle (ORCL) saw its stock price soar about 8% in after-hours trading on Wednesday, primarily due to its fourth-quarter earnings that exceeded expectations and indicated accelerating growth in its cloud computing business.
TradingKey
Thu, Jun 12
Today’s Market Environment Resembles Pre-Financial Crisis Times – Gundlach Warns of U.S. Treasury Market Reckoning
While U.S. Treasury Secretary Scott Bessent strongly defended Trump administration policies, claiming that the Treasury market has remained stable, DoubleLine Capital’s Jeffrey Gundlach warned of an imminent reckoning in the bond market. He suggested that long-term Treasury yields could rise to 6%.TradingKey
Thu, Jun 12
GME to Spend $1.75 Billion on Bitcoin? MicroStrategy 2.0 or a Market Joke?
TradingKey - On May 11 (Eastern Time), GameStop announced plans to raise $1.75 billion through a private placement of convertible senior notes, sparking speculation that the company might once again be preparing to invest in Bitcoin.
TradingKey
Thu, Jun 12
