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Porsche expects $351 million tariff hit for April and May
FRANKFURT, July 9 (Reuters) - Porsche P911_p.DE expects a 300 million euro ($351 million) hit to results as a consequence of absorbing U.S. import tariffs in April and May, the luxury sportscar manufacturer said in slides published after an investor call ahead of quarterly results.The company had pr...Reuters
Wed, Jul 9
Stocks
BofA resumes Super Micro Computer coverage with 'underperform' rating
** BofA resumes coverage of AI server maker Super Micro Computer SMCI.O with "underperform" rating, saying rising competition in the AI server market could pressure company's margins** Liquid cooling may get commoditized over time, as many companies now offer their own version - brokerag...Reuters
Wed, Jul 9
Other
Trump hosts five African leaders as tariffs, aid cuts bite
Trump meeting focused on trade, economyVisiting countries have abundant natural resourcesAfrican politicians in 2018 called Trump racistBy Andrea Shalal and Matt Spetalnick WASHINGTON, July 9 (Reuters) - President Donald Trump meets with leaders from five African nations on Wednesday as the U.S. ...Reuters
Wed, Jul 9
Other
RiverStone International names Enstar's Brockman as group CEO
By Rebecca DelaneyJuly 9 - (The Insurer) - Legacy specialist RiverStone International announced the appointment of Paul Brockman as group CEO on Wednesday.Brockman joins RiverStone from rival legacy specialist Enstar Group (which was acquired by Sixth Street last week), where he most recently assume...Reuters
Wed, Jul 9
Stocks
LIVE MARKETS-When it comes to rate cuts, should the Fed fish or cut bait?
Major US indexes higher, Nasdaq up ~0.5%Comm Svcs leads S&P 500 sector gainers; Staples weakest groupEuro STOXX 600 index up ~0.8%Dollar ~flat; bitcoin, gold, crude rise slightlyUS 10-Year Treasury yield dips to ~4.37% Welcome to the home for real-time coverage of markets brought to you by Reute...Reuters
Wed, Jul 9
Other
CORRECTED-Trump issues tariff letters to six countries
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday issued a round of tariff letters to six countries, Algeria, Brunei, Iraq, Libya, Moldova and the Philippines. The letters call for tariffs of 30% on Algeria, 25% on Brunei, 30% on Iraq, 30% on Libya, 25% on Moldova and 20% on th...Reuters
Wed, Jul 9
Cryptocurrencies
Linda Yaccarino resigns as CEO of X
Linda Yaccarino has resigned as chief executive officer of social media platform X after nearly two years at the office. She announced her departure was on Wednesday, just a day after the company’s AI chatbot, Grok, was suspended for allegedly posting what netizens called antisemitic statements. Yaccarino confirmed her resignation in a statement posted on […]Cryptopolitan
Wed, Jul 9
Other
Sustainable Finance Newsletter - Under pressure, US companies back off DEI pay metrics
By Ross Kerber July 9 (Reuters) - Among the various ways companies are pulling back from socially conscious financial practices, many corporations have stopped using diversity, equity and inclusion metrics to set pay for their top executives. Farient Advisors ran some numbers on the trend for me,...Reuters
Wed, Jul 9
Other
CORRECTED-Trump issues tariff letters to six countries
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday issued a round of tariff letters to six countries, including Algeria, Brunei, Iraq, Libya, Moldova and the Philippines. The letters call for tariffs of 30% on Algeria, 25% on Brunei, 30% on Iraq, 30% on Libya, 25% on Moldova and...Reuters
Wed, Jul 9
Stocks
Oppenheimer upgrades Microsoft to 'outperform' on AI potential
** Brokerage Oppenheimer upgrades Microsoft MSFT.O to "outperform" from "perform" on strong AI momentum** Shares of the tech giant rise 0.8% to $500.55 premarket** Oppenheimer says MSFT is one of the "long-term AI winner(s)" in cloud software market as co's AI revenue str...Reuters
Wed, Jul 9
Cryptocurrencies
BNB Chain could see more interest from TradFi investors
BNB Chain will soon have tokenized securities with the expansion of xStocks to the blockchain network. The platform announced the expansion on July 9, noting that it is the first launch of tokenized stocks on an EVM-compatible chain. According to a platform backed by crypto exchange Kraken and tokenization infrastructure provider Backed, the xStocks will […]Cryptopolitan
Wed, Jul 9
Stocks
Warner Music Group gains after BofA upgrade
** Shares of media company Warner Music Group WMG.O rise 3% to $30.37** BofA upgrades WMG's rating to "neutral" from "underperform", raises PT to $33 from $28** WMG's recent commercial agreements with demand-side platforms such as Spotify will provide greater visibility and p...Reuters
Wed, Jul 9
Stocks
US STOCKS-Wall Street shakes off tariff concerns, Nvidia leaps to $4 trillion
Indexes up: Dow 0.06%, S&P 500 0.24%, Nasdaq 0.55%Nvidia first company to hit $4 trillion market valueAES jumps on report of sale effortsUnitedHealth down on report of DOJ's Medicare billing probeBy Pranav Kashyap and Nikhil Sharma July 9 (Reuters) - Wall Street's main indexes tic...Reuters
Wed, Jul 9
Commodities
Phillips 66 Reports Emissions Event At Borger, Texas Refinery
July 9 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS EVENT AT BORGER, TEXAS REFINERYREPORTS REFINERY BECAME AWARE OF RELEASE OF BENZENE, TOLUENE TO AIR THAT OCCURRED AT TANK 1012 ON JULY 8REPORTS INITIAL INSPECTION SHOWS CAUSE OF EMISSIONS WAS DUE TO TANK 1012'S EXTERNAL FLOATING ROOF MALFUNCT...Reuters
Wed, Jul 9
Other
Oak View Group executive charged with rigging bids for Texas arena
By Jody GodoyJuly 9 (Reuters) - The U.S. Department of Justice announced bid rigging charges against the chief executive officer of stadium developer Oak View Group on Wednesday, accusing him of colluding with a competitor on bids for an arena at the University of Texas in Austin in 2018.Tim Leiweke...Reuters
Wed, Jul 9
Cryptocurrencies
Solana (SOL) Flashes Bullish Sign to $220 in July as Mutuum Finance (MUTM) Aims for 3500% Growth
With the crypto market waking up to fresh vigor this July, all eyes are on Solana (SOL) flashing bullish signs on its steady march towards the $220 level. As conventional altcoins experience marginal progress, though, it’s Mutuum Finance (MUTM)’s explosive growth that is sending investment and DeFi communities into a frenzy. Phase 5 Mutuum Finance […]Cryptopolitan
Wed, Jul 9
Cryptocurrencies
Solana Price Prediction: How Likely Is $500 For SOL This Year? Experts Tip Solana Ecosystem To Grow Exponentially
Solana (SOL) is again under the spotlight as bullish predictions fly, but another contender is gaining speed. Remittix, a rising force in PayFi, has already secured over $15.9 million in funding and is shaking up the crypto payments space with real-world functionality. Still, the million-dollar question is: is Solana capable of hitting $500 this year? […]Cryptopolitan
Wed, Jul 9
Stocks
U.S. STOCKS ON THE MOVE-Nvidia, Eli Lilly, Canopy Growth
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes climbed higher on Wednesday, with Nvidia soaring to a $4 trillion valuation, while investors shrugged off President Donald Trump's latest tariff salvo. .N ...Reuters
Wed, Jul 9
Stocks
Bloom Energy jumps after J.P.Morgan upgrades to 'overweight'
** Shares of fuel-cell maker Bloom Energy BE.N jump 20.3% to $29.18, highest since January 24** J.P.Morgan upgrades stock to "overweight" from "neutral"** "Fuel cell tax credits could push BE customers over the finish line as competing gas turbine pricing and lead times remain el...Reuters
Wed, Jul 9
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