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Trump escalates feud with Musk, threatens Tesla, SpaceX support
Trump suggests DOGE review Musk's subsidies for savingsMusk criticizes tax-cut bill, calls for a new political partyTesla shares drop 5% amid subsidy threatsSales of Tesla struggle worldwide as Musk bets on robotaxisTesla sales figures due WednesdayBy Nandita Bose, Akash Sriram, Steve Holland ...Reuters
an hour ago
Euro’s Parity Narrative Collapses — EUR/USD Hits Longest Winning Streak in Years, on Track for 9-Day Rally
TradingKey - In the first half of 2025, the U.S. dollar fell at its fastest pace since the early 1970s, and the euro surged in response. The EUR/USD exchange rate is now on track to record a rare nine-day consecutive rally, rendering many Wall Street forecasts from earlier this year obsolete.
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5 hours ago
REFILE-US STOCKS-Wall Street set to dip from record highs with Trump tax bill in focus
Futures down: S&P 500 0.36%, Nasdaq 0.51%, Dow 0.15%Tesla slips as Denmark, Sweden sales drop; Trump-Musk feudCircle up after applying for US trust bank licenseBy Sruthi Shankar and Nikhil Sharma July 1 (Reuters) - Wall Street indexes were set to dip on Tuesday, after touching record highs a ...Reuters
5 hours ago
Oil Traders Bet on OPEC+ Fourth Output Hike; Saudi Strategy May Roil Oil Markets
TradingKey - According to recent developments in the oil market and trader forecasts, OPEC+ (the Organization of the Petroleum Exporting Countries and its allies) plans to significantly increase oil supply for the fourth time during its meeting scheduled for early July 2025.TradingKey
6 hours ago
UK factory downturn shows signs of easing, morale ticks up, PMI shows
LONDON, July 1 (Reuters) - Britain's manufacturing sector showed some signs of turning a corner in its long slump and businesses pushed up their prices in June to offset higher labour costs, according to a survey published on Tuesday.Reuters
6 hours ago
Stocks and dollar slip as investors await Trump's tax bill
TOKYO/LONDON, July 1 (Reuters) - Global shares dipped and the dollar traded near multi-year lows on Tuesday, having wrapped up its worst first-half performance since the 1970s, ahead of a vote over U.S. President Donald Trump's landmark tax-cut and spending legislation.Reuters
6 hours ago
“Golden July” for the Yen? Market Bets on JPY Strength — Could USD/JPY Return to 140?
TradingKey - Since mid-May, the USD/JPY exchange rate has hovered around 145 , with the yen’s earlier strengthening trend stalling in early 2025. However, as the U.S. dollar weakens at its fastest pace in over half a century and Japanese economic activity picks up, investors are increasingly betting
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7 hours ago
U.S. Solar and Wind Stocks Could Face Another Blow with Revised “One Big Beautiful Bill” Tax Proposal
TradingKey - The Senate’s new version of the tax bill, known as the “Big Beautiful Bill,” could deliver a significant hit to the clean energy sector. It accelerates the phase-out of clean energy subsidies and introduces new consumption taxes targeting wind and solar sectors.
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7 hours ago
SiC Leader Wolfspeed Files for Bankruptcy; Shares Soar 70.5% After-Hours
TradingKey - On Monday, Wolfspeed (WOLF.US), a silicon carbide semiconductor manufacturer that once held a market share of over 60%, voluntarily filed for Chapter 11 bankruptcy protection in the U.S. to restructure its debt. This marks one of the largest bankruptcy filings so far this year, second..
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8 hours ago
ECB Forum Preview: World’s main central bankers expected to shed light on interest rates as uncertainty grows
Jerome Powell, Chairman of the Federal Reserve System (Fed), and Christine Lagarde, European Central Bank (ECB) President, will speak at the 2025 ECB Forum on Central Banking at 13:30 GMT on Tuesday, July 1.Fxstreet
10 hours ago
Circle Struggles to Gain Momentum — JPMorgan Downgrades to “Underweight,” Predicts Drop to $80
Circle (CRCL), the issuer of the USDC stablecoin, continues to show signs of weakness. On Monday, the stock edged up just 0.48% to $180.43, still down nearly 40% from its June 23 peak of $298.
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10 hours ago
GLOBAL MARKETS-Stocks edge up, dollar wobbles as investors await Trump's tax bill
TOKYO/LONDON, July 1 (Reuters) - Global shares edged up and the dollar traded near multi-year lows on Tuesday, having wrapped up its worst first-half performance since the 1970s, ahead of a vote over U.S. President Donald Trump's landmark tax and spending legislation.
Reuters
10 hours ago
China ready to discuss tariffs and subsidies with US at WTO
GENEVA, July 1 (Reuters) - China is ready to have discussions about trade policies, including tariffs and subsidies, that Washington has identified as obstacles to reforming the World Trade Organization, a senior delegate at China's mission to the WTO said.Reuters
10 hours ago
Premarket Movers | Wolfspeed Soars 86%; BigBear.ai Gains 4%; Ondas Holdings Jumps 3%; AeroVironment, Quantum Corp Sink over 7%
Wolfspeed said it has filed for Chapter 11 bankruptcy protection, as the chipmaker grapples with huge debt amid slowing demand from electric vehicle and industrial markets. The shares soared about 86% in premarket trading.Tiger News
10 hours ago
MIDEAST STOCKS-Major Gulf markets edge higher as investors assess Trump's tax bill
July 1 (Reuters) - Major stock markets in the Gulf edged higher in early trade on Tuesday in line with Asian shares as markets awaited a U.S. Senate vote on President Donald Trump's landmark tax and spending legislation.Reuters
10 hours ago
Musk’s Criticism of the “Big Beautiful” Bill Intensifies — He Again Calls for a New Political Party
TradingKey – As the U.S. Senate moves forward with the so-called “Big Beautiful” bill, opposition within the country is growing stronger. Tesla CEO and former head of the Department of Government Efficiency (DOGE), Elon Musk, has once again criticized the legislation.
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10 hours ago
Japan's business mood holds up but US tariff worries grow, survey shows
Big manufacturers' sentiment improves, tankan showsBig non-manufacturers' sentiment worsens in Q2Despite US tariffs, big firms expect to increase capex this yearLittle sign of de-anchoring in corporate inflation expectationsData among factors BOJ will scrutinise at July 30-31 meetingBy Leika...Reuters
12 hours ago
Trumps suggests DOGE look at Musk subsidies to save money
July 1 (Reuters) - U.S. President Donald Trump on Tuesday suggested his efficiency department should take a look at cutting the subsidies that Tesla CEO TSLA.O Elon Musk's companies have received to save the federal government money. "Elon may get more subsidy than any human being in history...Reuters
12 hours ago
JGBs rise after strong auction for 10-year bonds
TOKYO, July 1 (Reuters) - Japanese government bonds rose following strong demand at an auction for 10-year bonds, prompting investors to cover short positions.The 10-year JGB yield JP10YTN=JBTC fell 4 basis points (bps) to 1.39% after the auction outcome was announced. Bond yields move inversely toReuters
12 hours ago
Japan says it won't sacrifice farm sector for tariff deal after Trump rice complaints
TOKYO, July 1 (Reuters) - Japan will not sacrifice the agricultural sector as part of its tariff talks with the United States, its top negotiator said on Tuesday, after President Donald Trump complained that the key Asian ally was not buying American rice.Reuters
13 hours ago
