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S&P downgrades Nippon Steel to 'BBB' on debt strain from US Steel deal
TOKYO, July 17 (Reuters) - Global rating agency S&P downgraded Nippon Steel 5401.T to 'BBB' from 'BBB+' with a 'negative' outlook on Thursday, citing an increasing financial strain following the Japanese steelmaker's acquisition of U.S. Steel X.MX last month.The downg...Reuters
Thu, Jul 17
Other
Russia and Ukraine exchange more bodies of war dead, Kremlin aide says
MOSCOW, July 17 (Reuters) - Russia and Ukraine have exchanged more bodies of their war dead, a Kremlin aide said on Thursday, part of an agreement struck at the second round of peace talks in Istanbul in June.Vladimir Medinsky, the head of Russia's delegation at those peace talks, said in a stat...Reuters
Thu, Jul 17
Stocks
Better Stock to Buy Right Now: Costco vs. Home Depot
Key PointsWith an unmatched customer value proposition, Costco continues to grow its same-store sales. Demand for Home Depot’s wares has taken a hit, but management is making moves to grow its business with professional contractors and tradespeople. The better business isn’t always the better stock ...The Motley Fool
Thu, Jul 17
Commodities
WTI remains below $65.50 despite improved demand outlook
West Texas Intermediate (WTI) Oil price extends its losing streak for the fourth successive day, trading around $65.30 during the European hours on Thursday. However, crude Oil prices gained ground due to upbeat economic data, released recently from the largest Oil consumers.
Fxstreet
Thu, Jul 17
Stocks
Auto, AI drive China stocks higher; Citi upgrade buoys sentiment
HONG KONG, July 17 (Reuters) - Chinese shares edged up on Thursday, buoyed by regulatory support for the auto sector and renewed optimism in AI-related stocks, while Citi upgraded China equities, citing improved earnings trends and structural growth themes.** At market close, the Shanghai Composite ...Reuters
Thu, Jul 17
Commodities
EUROPE GAS-Prices up only slightly as soft demand curbs Norwegian outage impact
LONDON, July 17 (Reuters) - Dutch and British wholesale gas prices were up slightly on Thursday, trading in a narrow range, as soft demand curbed the impact of an unplanned outage at Norway's Nyhamna gas processing plant.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up b...Reuters
Thu, Jul 17
Stocks
1 Superb Tech Dividend Stock to Buy and Hold Forever
Key PointsMicrosoft has robust fundamentals and significant lucrative growth avenues. The company's dividend growth program looks about as safe as they come.Despite some headwinds it might face, Microsoft's prospects look excellent. 10 stocks we like better than Microsoft › Dividend investors seekin...The Motley Fool
Thu, Jul 17
Stocks
Where Will XRP Be in 5 Years?
Key PointsMoving beyond a long-standing lawsuit paves the way for XRP's adoption in cross-border transactions and investor interest.Despite XRP's substantial valuation, its Ripple network remains relatively small compared to its primary competitor.The circumstances around XRP are improving, but the ...The Motley Fool
Thu, Jul 17
Cryptocurrencies
XRP Price Prediction: Could Ripple Hit $15 Soon as SEC Labels Delays “Procedural, Not Rejection”?
Ripple’s XRP pulled back to around $3.05 after testing $3.10 this week, yet recent comments from SEC Commissioner Caroline Crenshaw have reignited bullish debates. Crenshaw emphasised that delays in evaluating spot XRP ETF applications are “procedural, not rejection,” a phrase that sent XRP Price Prediction threads surging across social feeds. With more than ten issuers […]Cryptopolitan
Thu, Jul 17
Indices
US Dollar Index (DXY) approaches multi-week highs at 98.44 in risk-off markets
The US Dollar is outperforming its main rivals on Thursday, supported by risk-averse markets amid growing anxiety about trade tariffs and the ongoing pressures on Fed Chairman Powell, which have boosted speculation about his resignation.Fxstreet
Thu, Jul 17
Stocks
Is Johnson & Johnson a Good Dividend Stock to Buy Now?
Key PointsJohnson & Johnson reported second-quarter results on July 16. Sales of pharmaceuticals have been muted due to a loss of market exclusivity for Stelara.A strong medical technology segment and an expanding pharmaceutical business could keep pushing the dividend higher despite patent expirati...The Motley Fool
Thu, Jul 17
Economic Indicator
Taxation in EU budget proposal sends 'wrong signal', German minister says
DURBAN, South Africa, July 17 (Reuters) - German Finance Minister Lars Klingbeil doubled down on Berlin's criticism of the European Commission's proposed budget on Thursday, taking aim at corporate tax under the plan which he said sends "the wrong signal". "Everyone should ...Reuters
Thu, Jul 17
Economic Indicator
Volvo CEO wants EU to cut 'unnecessary' auto tariffs to defuse Trump threat
STOCKHOLM, July 17 (Reuters) - The chief executive of Volvo Cars VOLCARb.ST urged the European Union to cut its 10% tariff on American-made cars, arguing that European automakers do not need protection from U.S. competitors, in an interview with Reuters on Thursday.Brussels, along with representativ...Reuters
Thu, Jul 17
Stocks
MP Materials Drops After $500M Stock Offering Announcement; Sarepta Soars on Restructuring Plan
MP Materials said on Wednesday it would sell $500 million of its common stock, a day after the U.S. rare earths miner inked a supply deal with Apple.Shares of MP Materials fell 6% in premarket trading on Thursday. They have surged 275% so far this year, giving the company a market value of $9.57 bil...Tiger News
Thu, Jul 17
Stocks
The Trade Desk Stock Soars on Inclusion in S&P 500. History Says This Will Happen Next.
Key PointsThe Trade Desk stock advanced more than 7% on news that it would be added to the S&P 500 on July 18.During the last decade, stocks have returned an average of 13.6% following their addition to the S&P 500.The Trade Desk was recently ranked as a leader in ad tech software due to consistent ...The Motley Fool
Thu, Jul 17
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