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Challenger Job Cuts Hit Highest August Level in 5 Years, Hiring Plans at Record Low
TradingKey - After Wednesday’s weaker-than-expected JOLTS job openings data, another employment report has painted a bleak picture of the U.S. labor market: Challenger August job cuts reached the highest level since 2020, while announced hiring plans hit the weakest level ever recorded for the monthTradingKey
17 minutes ago
Oil falls more than 1% as OPEC+ to consider another output hike
OPEC+ to consider raising oil production further, sources sayOPEC+ meeting set for SundayUS crude stocks rose last week, sources say By Enes Tunagur LONDON, Sept 4 (Reuters) - Oil prices fell 1.5% on Thursday, adding to their more than 2% decline the previous session, as investors awaited a weeke...Reuters
an hour ago
Figma shares plunge as earnings miss lofty post-IPO expectations
Sept 4 (Reuters) - Figma's shares FIG.N fell more than 15% in premarket trading on Thursday following a modest first-quarter earnings beat that fell short of the sky-high expectations set by its blockbuster July stock debut.Reuters
2 hours ago
Trump Tariffs: The Sole Lifeline for U.S. Bonds Faces Potential Disruption with Court Ruling
TradingKey - In a global environment where long-term bond yields remain elevated, traders have turned to the revenue generated from Trump's tariffs as a crucial support for U.S. fiscal stability, viewing it as a key pillar for the bond market. However, last Friday, a U.S. appeals court declared muchTradingKey
2 hours ago
Nidec Plunges 22% on Accounting Scandal Fears, Marking Worst Drop on Record
TradingKey - Nidec, Japan's precision motor manufacturing giant, saw its shares experience the most severe single-day plunge in recorded history on Thursday, tumbling over 22% to close at 2,420 yen — a 700-yen drop from the previous trading day. The stock collapse stemmed from widespread market...TradingKey
3 hours ago
“EV King” Losing Steam? BYD To Cut 2025 Sales Target by 16%, Slowest Growth Since 2020
TradingKey - According to Reuters, BYD (1211.HK), the global electric vehicle giant, has held multiple internal discussions in recent months about lowering its 2025 EV sales target, potentially cutting the full-year goal from the previously stated 5.5 million units to 4.6 million, a 16% reduction.TradingKey
4 hours ago
Salesforce Shares Plunge 6% Despite Strong Earnings, as AI Looms Large
TradingKey - On Wednesday, September 3, Salesforce (CRM), a leader in customer relationship management software, released its Q2 earnings for fiscal year 2026. The company reported double-digit growth in both revenue and earnings, surpassing expectations. Yet, a weak revenue outlook for the current
TradingKey
4 hours ago
Nasdaq raises listing standards for Chinese companies entering U.S. markets
Nasdaq announced plans on Thursday to revise its listing rules in a bid to solidify its commitment to capital investment. The initiative also aims at ensuring investor protection while maintaining market integrity.Cryptopolitan
4 hours ago
ISM Services PMI Preview: US services sector expected to accelerate in August
On Thursday, we’ll get the latest read on the US services sector when the Institute for Supply Management publishes its August Services PMI. Economists think the index will tick up to 51 from July’s 50.1.
Fxstreet
4 hours ago
Trump Family's American Bitcoin Stock Rises 3% After Soaring 17% in Previous Trading Day
The Trump family's American Bitcoin stock rose 3% after soaring 17% on the previous trading day.A bitcoin company tied to President Donald Trump's two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons' stake at well over $1.5 billion as the first familTiger News
4 hours ago
Trump Hosts Tech Titans — But Elon Musk Is Not on the Guest List
TradingKey - U.S. President Donald Trump is set to host a dinner on Thursday (local time) with more than two dozen tech leaders, including Apple’s Tim Cook, Microsoft’s Bill Gates, Google’s Sundar Pichai, Meta’s Mark Zuckerberg, and OpenAI’s Sam Altman, to discuss the future of artificial intelligen
TradingKey
5 hours ago
US JOLTS Report Helps Japan Avoid 30-Year Bond Auction Disaster but Risks Linger
TradingKey - A U.S. JOLTS job openings report signaling a weakening labor market brought relief to global bond investors. As long-term government bond yields in developed economies retreated, Japan’s critical stress test — the 30-year JGB auction — turned out less disastrous than feared.
TradingKey
5 hours ago
How Macy's CEO Engineered a Surprise Turnaround: 20% Stock Jump on First Comparable Sales Growth Since 2022
TradingKey - Macy's Inc. shares surged 20% on Wednesday as the market expressed confidence in its recent performance improvement, with the company not only significantly raising its full-year profit forecast but also reporting its first comparable-store sales growth in nearly three years.
TradingKey
5 hours ago
China to impose tariffs on some types of US single-mode optical fibre
BEIJING, Sept 4 (Reuters) - China will impose tariffs of up to 78.2% on certain U.S. optical fibre imports from September 4, the commerce ministry said in a statement a few minutes before midnight on Wednesday, accusing American producers of skirting anti-dumping measures.Reuters
7 hours ago
