News
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Meta, TikTok win challenge against EU tech fees, forcing regulators to recalculate
BRUSSELS, Sept 10 (Reuters) - Meta Platforms META.O and TikTok on Wednesday won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech rules, but will receive no money back while officials reformulate the levy.
Reuters
3 minutes ago
OpenAI's Frenzied Orders for Broadcom and Oracle: Is the Cash Enough?
TradingKey - On Tuesday, cloud computing giant Oracle reported its earnings. Despite falling short of revenue expectations, a substantial cloud infrastructure order from OpenAI sent the stock soaring nearly 30% in after-hours trading, marking its best single-day performance since the dot-com bubble.
TradingKey
an hour ago
Cut to Grow, Novo Nordisk Announces 11% Global Layoffs, Third Profit Forecast Cut This Year
TradingKey - Obesity drug giant Novo Nordisk (NVO.US) announced on Wednesday a major restructuring plan, including 9,000 global job cuts, and delivered its third downward revision to its full-year profit growth guidance in 2025. However, due to its undervalued stock and hopes for cost savings and
TradingKey
2 hours ago
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
By Juby BabuSept 9 (Reuters) - Oracle ORCL.N said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up 27% after the bell. The ...Reuters
2 hours ago
EU secured best possible trade deal with US, says EU chief
STRASBOURG, Sept 10 (Reuters) - The European Union got the best trade deal available with the United States and secured EU businesses an advantage over many foreign rivals, the head of the European Commission said on Wednesday."We ensured that Europe got the best possible deal out there. We have...Reuters
3 hours ago
QMMM Holdings Pulls Back 63% After Soaring 1,737% on Bitcoin, Ethereum, Solana Treasury Plan
QMMM Holdings shares pulled back 63% in premarket trading on Wednesday.Shares in digital advertising firm QMMM Holdings skyrocketed more than 2,300% at one point on Tuesday after the firm announced that it would create a $100 million digital assets treasury starting with Bitcoin, Ethereum, and SolanTiger News
3 hours ago
GameStop Sales Soar as It Shifts Beyond "Meme Stock" Tag with Hardware and Collectibles Push
TradingKey - Well-known video game retailer GameStop released its fiscal Q2 2025 financial report after market close on Tuesday, covering the period ended August 2. The results exceeded market expectations, driving its stock price up nearly 6% in after-hours trading.
TradingKey
3 hours ago
Beyond Food Delivery War, Alibaba’s Amap Takes Aim at Meituan’s Core Local Services
TradingKey - Not content with its “victory” in the food delivery war, Chinese e-commerce giant Alibaba (BABA.US, 9988.HK) has turned its attention to the local services market, with its Amap launching a major new product — the “Street Stars” — directly challenging Meituan’s Dianping. The initial
TradingKey
3 hours ago
Exxon expects EU to sign long-term US gas deals, FT reports
Sept 10 (Reuters) - ExxonMobil XOM.N expects the European Union to sign multi-decade U.S. gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday.The EU in July pledged to buy $750 billion of U.S. energy by 2028 as part of a sweeping tr...Reuters
3 hours ago
TSMC August Revenue Jumps 34% on AI Chip Boom, Driving Global Semiconductor Frenzy
TradingKey - On Wednesday, global semiconductor foundry leader TSMC disclosed its August performance report, showing total revenue reached NT$335.77 billion, a substantial year-over-year (YoY) increase of 33.8% and a month-over-month (MoM) rise of 3.9%, continuing its strong growth momentum...
TradingKey
4 hours ago
Annual Nonfarm Payrolls Revised Down by 911,000 — White House Pushes for Rate Cuts, Was the U.S. Already in Recession?
TradingKey - On Tuesday (local time), the U.S. Bureau of Labor Statistics released its annual benchmark revision to employment data, revealing that the U.S. added 911,000 fewer jobs over the 12 months through March 2025 than previously reported — the largest downward revision in history.TradingKey
4 hours ago
Asia stocks gain, bonds fall as traders consider odds of bigger Fed cut
Market sees 8.4% odds of half-point Fed cut on September 17Asian traders take cues from Wall Street's rise to new recordUS PPI, CPI figures this week to give final clues on Fed moveBy Kevin Buckland TOKYO, Sept 10 (Reuters) - Asian stocks tracked Wall Street higher on Wednesday and safe-haven...Reuters
6 hours ago
EUR/JPY hovers around 172.50 as US-Japan tariff deal improves market sentiment
EUR/JPY holds ground after registering almost 1% losses in the previous two sessions, trading around 172.60 during the Asian hours on Wednesday. The currency cross moves little as the Japanese Yen (JPY) maintains its position after the Reuters Tankan index for manufacturers climbed to 13 in Septembe
Fxstreet
6 hours ago
Google scraps some cloud data transfer fees in EU and UK
LONDON, Sept 10 (Reuters) - Google GOOGL.O said on Wednesday it had scrapped data transfer fees for organisations processing workloads "in parallel" across two or more cloud platforms in the European Union and Britain ahead of the EU Data Act coming into effect on Friday.Regulators in the EU...Reuters
6 hours ago
Lithium miners slide worldwide as CATL seen resuming China mine
Sept 10 (Reuters) - Shares of global lithium producers fell on Wednesday after Chinese state media reported that battery major Contemporary Amperex Technology's (CATL) 300750.SZ shuttered Yichun mine is likely to resume production sooner than previously indicated.Reuters
6 hours ago
