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Tariff Impact Fading? U.S. PPI Unexpectedly Turns Negative, Treasury Prices Jump
TradingKey - After a series of data—including ADP and nonfarm payrolls—supported the Federal Reserve’s likely rate cut next week, another piece of evidence has emerged: U.S. inflation is cooling faster than expected. The August Producer Price Index (PPI) unexpectedly turned negative month-over-monthTradingKey
2 hours ago
CORRECTED-Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank back ...Reuters
2 hours ago
Crypto Treasury Stocks Go Wild as the Strategy Model Faces Scrutiny
TradingKey - The so-called Digital Asset Treasury companies (DATs) often see their stock prices surge when announcing investments in Bitcoin, Ethereum, or other major digital assets. However, rising competition and lack of strategic differentiation are raising questions about the sustainability of
TradingKey
2 hours ago
Oil prices up after Israeli attacks, but oversupply caps gains
LONDON, Sept 10 (Reuters) - Oil prices rose on Wednesday after Israel attacked Hamas leadership in Qatar, Poland shot down drones and the U.S. made a push for new sanctions on buyers of Russian oil, but concerns over crude oversupply capped further gains.
Reuters
3 hours ago
Meta, TikTok win challenge against EU tech fees, forcing regulators to recalculate
EU regulators given 12 months to revise fee methodologyNo repayment of 2023 fees while new basis is establishedFee levied to cover cost of checking compliance with EU rulesBy Foo Yun Chee BRUSSELS, Sept 10 (Reuters) - Meta Platforms META.O and TikTok on Wednesday won a legal challenge to the way ...Reuters
4 hours ago
Toyota to manufacture EV SUVs at US Kentucky plant, source says
TOKYO, Sept 10 (Reuters) - Toyota Motor 7203.T will start making two battery-powered sport utility vehicles at its U.S. Kentucky plant and will end production of a luxury Lexus brand model at the site, a person familiar with the matter said.Reuters
4 hours 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
5 hours 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
5 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
6 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
6 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
6 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
6 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
6 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
7 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
8 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
8 hours ago
