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Core inflation in Japan's capital slows but stays above BOJ target
Tokyo Aug core consumer prices up 2.5% yr/yr, matches forecastIndex less fresh food, fuel rises 3.0% yr/yr in AugustJuly factory output falls 1.6% as US tariffs weighRetail sales rise much less than expected in JulyData highlights dilemma for BOJ as it weighs rate-hike timingBy Leika Kihara TOKYO...Reuters
7 minutes ago
Chipmaker Marvell's weak data center forecast prompts AI investors to dump its stock
Outlook points to decline in custom chip business Shares down over 12% after-marketBy Juby Babu Aug 28 (Reuters) - Chipmaker Marvell Technology MRVL.O forecast quarterly revenue below market estimates on Thursday, disappointing investors who are accustomed to strong results from artificial intell...Reuters
16 minutes ago
S&P 500, Dow score record high closes as Nvidia results buttress AI rally
Weekly jobless claims fall; corporate profits rebound in Q2 Snowflake surges on AI-driven revenue forecastHP Inc gains on upbeat Q3 revenue S&P 500 +0.32%, Nasdaq +0.53%, Dow +0.16%By Noel Randewich Aug 28 (Reuters) - The S&P 500 and Dow Jones Industrial Average notched record high closes...
Reuters
26 minutes ago
Trump, Nvidia talks to allow advanced AI chip sales in China will take time, CEO says
Nvidia aims to capture $50-billion AI market in ChinaNvidia's Blackwell chip variant for China faces trade tensionsNvidia's potential China sales excluded from current-quarter forecast due to uncertaintyBy Alexandra Alper and David Shepardson WASHINGTON, Aug 28 (Reuters) - Discussions wit...Reuters
27 minutes ago
End of US low-value package tariff exemption is permanent, Trump officials say
WASHINGTON, Aug 28 (Reuters) - The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administReuters
36 minutes ago
Fed's Waller sees rate cuts over next 3-6 months, starting in September
Aug 28 (Reuters) - Federal Reserve Governor Christopher Waller on Thursday said he wants to start cutting U.S. interest rates next month and "fully expects" more rates cuts to follow to bring the Fed's policy rate closer to a neutral setting, stepping up his call to lower short-term borrowing costs.Reuters
38 minutes ago
Major stock jumps around crypto moves raise suspicions of insider activity
MEI Pharma’s stock jumped in mid-July. It wasn’t because of a new cancer drug. The company said it would buy $100 million of Litecoin for its cash reserves. After that, the share price went from $3 to almost $7. What was odd is that the stock had already risen in the days before the newsCryptopolitan
an hour ago
Oil settles higher as traders await Trump statement on Russia-Ukraine
Crude rises as traders await Trump statement on Russia-UkraineIndia oil imports from Russia set to rise in SeptemberRussian oil supplies through Druzhba pipeline restartBy Shariq Khan NEW YORK, Aug 28 (Reuters) - Oil prices settled higher on Thursday, bouncing off early losses after the White Hou...Reuters
5 hours ago
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
11 hours 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
11 hours 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
13 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
13 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
13 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
13 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
14 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
15 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
15 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
16 hours ago
