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Economic Indicator
British carmaker JLR's Q1 sales drop 11% after briefly halting U.S. exports
July 7 (Reuters) - British luxury carmaker Jaguar Land Rover (JLR) reported a 10.7% drop in first-quarter sales, its Indian parent Tata Motors TAMO.NS said on Monday, following a temporary pause in shipments to the U.S.JLR, known for its Range Rover sport utility vehicles (SUVs), sold 87,286 units t...Reuters
Mon, Jul 7
Stocks
Wolfspeed jumps after naming Gregor van Issum as CFO
** Chipmaker Wolfspeed's WOLF.N shares rise 28.8% to $1.52 premarket** WOLF announces the appointment of Gregor van Issum as CFO, effective Sept. 1** Van Issum succeeds Kevin Speirits, who is serving as interim CFO and will remain with WOLF to support co and ensure a smooth transition** WOLF has...Reuters
Mon, Jul 7
Commodities
China’s PBOC Buys Gold for Eight Consecutive Months, but Gold Prices Remain "Easier to Defend than to Advance"
TradingKey - Since July, gold prices have weakened due to easing geopolitical tensions and a cooling trade dispute. Although the People's Bank of China (PBoC) has been continuously increasing its gold reserves for eight months, providing some support to prices, momentum for a significant rally
TradingKey
Mon, Jul 7
Economic Indicator
BofA Chief Warns: "Big and Beautiful" Bill Could Trigger $50 Trillion Debt Bubble!
TradingKey - Recently, Michael Hartnett, Bank of America's Chief Investment Strategist, dubbed "Wall Street's Most Accurate Analyst," issued a report warning that U.S. federal government debt could surpass $50 trillion within seven years, based on projections of the "Big and Beautiful" bill's...TradingKey
Mon, Jul 7
Stocks
Brokerages initiate coverage on space tech firm Voyager as quiet period winds down
** At least five brokerages start coverage on Voyager Technologies VOYG.N as the mandatory quiet period ends, with broadly bullish views ** Shares of the space tech firm marginally down premarket** Voyager raised $382.8 million by selling nearly 12.4 million shares in an upsized IPO last month** It ...Reuters
Mon, Jul 7
Commodities
US Henry Hub natural gas prices hit three-year high in June
July 7 (Reuters) - U.S. spot natural gas prices at the Henry Hub NG-W-HH-SNL benchmark in Louisiana rose to a three-year high for the month of June, according to pricing data from financial firm LSEG.Gas prices averaged $3.02 per million British thermal units (mmBtu) in June, their highest for that ...Reuters
Mon, Jul 7
Other
Axa UK and Ireland names Henri de la Serve as CFO
By Ashish TiwariJuly 7 - (The Insurer) - Axa UK and Ireland has appointed Henri de la Serve as its new chief financial officer, the insurer said on Monday. De la Serve, who is currently CFO of Axa Spain, will begin the role on September 1. He will join the UK and Ireland management committee and rep...Reuters
Mon, Jul 7
Other
US to make several trade announcements in next 48 hours, Treasury secretary says
WASHINGTON, July 7 (Reuters) - The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday, ahead of a U.S. deadline on Wednesday to finalize trade pacts."We've had a lot of people change their tune in terms of negotiations. S...Reuters
Mon, Jul 7
Stocks
Baltic index steady as gains in smaller vessels offset weaker capesize
July 7 (Reuters) - The Baltic Exchange's dry bulk sea freight index was unchanged on Monday as gains in the panamax and supramax segments countered a decline in capesize rates.* The main index .BADI, which tracks rates for capesize, panamax and supramax shipping vessels, held steady at 1,436 poi...Reuters
Mon, Jul 7
Cryptocurrencies
BRICS, Fed, tariffs, and earnings: Market reports to watch this week
Markets are running high with record closes across the S&P and Nasdaq, but investors might have to wait. The week ahead is fully dominated by a mix of geopolitics, Federal Reserve policy signals, high-stakes trade decisions from the Trump administration, and corporate earnings. Investors are eyeing a packed agenda that includes Monday’s BRICS Summit, Amazon’s […]Cryptopolitan
Mon, Jul 7
Cryptocurrencies
Bitcoin First: Musk’s Political Party, Crypto Push Shakes Up Washington
Elon Musk has stirred up Washington by announcing that his yet‑to‑be‑registered “The American Party” will back Bitcoin. His move comes as he takes aim at what he calls wasteful government spending and vows to shake up the status quo. Related Reading: Secret Service’s $400 Million Crypto Cache: A Dec...Bitcoinist
Mon, Jul 7
Stocks
Should You Buy Rigetti Computing Stock for Less Than $15?
Key PointsQuantum computing is a new pillar supporting the artificial intelligence (AI) revolution, and industry analysts expect the technology to add trillions in economic value over the coming decades.While its share price of $13 might give the appearance of a cheap stock, Rigetti's valuation mult...The Motley Fool
Mon, Jul 7
Other
WNS Says Capgemini Will Pay $169 Mln Termination Fee To Co Upon Deal Termination
July 7 (Reuters) - WNS (Holdings) Ltd WNS.N:WNS (HOLDINGS): CO WILL PAY $118 MILLION TERMINATION FEE TO CAPGEMINI IN CASE OF DEAL TERMINATIONWNS (HOLDINGS): CAPGEMINI WILL PAY $169 MILLION TERMINATION FEE TO CO IN CASE OF DEAL TERMINATIONSource text: [ID:n0001193125-25-155862]Reuters
Mon, Jul 7
Other
AM Best: Trisura’s underwriting leverage less elevated after premium growth moderation
By Michael LoneyJuly 7 - (The Insurer) - AM Best has affirmed the ratings of Canadian specialty insurance provider Trisura, noting that recent moderation in premium growth has resulted in underwriting leverage metrics that closely align with industry norms.The A-minus financial strength rating and a...Reuters
Mon, Jul 7
Other
Demand for obesity drugs shoots up in India as Lilly, Novo vie for market share
By Rishika Sadam HYDERABAD, July 7 (Reuters) - Demand for weight-loss drugs is rising at a fast clip in India, where rivals Eli Lilly LLY.N and Novo Nordisk NOVOb.CO are competing for market share, data from research firm Pharmarack showed on Monday.Lilly's Mounjaro, launched in late March, d...Reuters
Mon, Jul 7
Stocks
Wells Fargo dips after Raymond James downgrades to 'market perform'
** Wall Street giant Wells Fargo's WFC.N shares fall 0.6% to $83.09 premarket after Raymond James downgrades stock rating to 'market perform' from 'strong buy'** Brokerage believes upside to its WFC EPS estimates is now appropriately reflected in the bank's premium valuation*...Reuters
Mon, Jul 7
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