News

US Appeals Court Rules Wide Swath of Trump's Tariffs Illegal

Those tariffs face legal limbo in an appeals court case that could be decided within days.

Manuel

Morgan Stanley Asks Fed to Lower Bank’s Capital Requirement

The central bank’s announcement formally wraps up its annual stress-tests exercise, a multistep process that assesses how the nation’s largest lenders are likely to perform under hypothetical economic conditions.

Manuel

Oil Slides to Monthly Loss as Traders Weigh Glut, Geopolitics

The commodity’s slump deepened on Friday after US consumer sentiment declined to a three-month low, reflecting concerns that tariffs will hurt the economy.

Manuel

Dow, S&P 500, Nasdaq Slide as Nvidia Leads Tech Losses After PCE Inflation, Consumer Data

Friday's data comes after signs of a resilient economy helped lift the S&P 500 and Dow Jones Industrial Average to new all-time highs on Thursday.

Manuel

Bitcoin Signals Uptrend Resumption in Late September Based on Holding Patterns

Potential rate cuts in September and crypto ETF approvals in October add to the bull case.

Manuel

Cook Hearing Ends With Tough Questions But No Judge Ruling

Cook lawyer Abbe Lowell spent more than an hour fielding questions from the judge over what cause the president needs to fire a Fed governor and whether Trump acted on an improper pretext.

Manuel

Austria's Next Central Bank Chief: Milder Than Predecessor, Has Rebuked Trump Administration

Austrian Economy Minister Kocher attends a news conference in Vienna · Reuters By Francois Murphy and Alexandra Schwarz-Goerlich

Kevin Du

Macron Backs Bayrou’s Confidence Motion, Rules Out Resigning

French President Emmanuel Macron reiterated his support for Prime Minister Francois Bayrou’s decision to call a confidence vote

Devin

US Revokes Palestinian Officials' Visas Ahead Of UN Meeting, State Dept Says

The U.S. is denying and revoking visas from members of the Palestine Liberation Organization and the Palestinian Authority ahead of the United Nations General Assembly meeting in September, the State Department said on Friday.

Thomas

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Swiss Franc Pushes USD/CHF Toward 0.8000 as Fed Turmoil and Safe-Haven Demand Weigh on Dollar

The Swiss Franc extended its rally to a fourth straight day on Friday, with USD/CHF sliding toward the 0.8000 handle as traders bet on a September Fed rate cut despite sticky US inflation.

Warren Takunda

DeepSeek Fuels Return to Profit for Chinese Tech Champion Huawei

Huawei returned to profit in H1 2025 as AI boom from DeepSeek boosted demand for its Ascend chips. Revenue rose 4%, smartphones rebounded, and EV ventures plus cloud AI restructuring added momentum.

Adam

Chips-for-rare-earths Is US-China Circuit Breaker

Which will last longer: China's stranglehold on critical minerals including rare earths, or the U.S.-led grip on advanced chips? The answer will help shape relations between Beijing and Washington for years to come.

Winkelmann

Alibaba’s cloud unit shines even as rivalry heats up in China’s ‘instant commerce’ space

Alibaba beat profit forecasts with net income up 78%, driven by strong cloud growth and e-commerce revival. Despite heavy instant commerce investment and softer revenue, shares surged 40% this year on AI-fueled cloud momentum.

Adam

Argentina Again Tightens FX Rules For Banks As Peso Strengthens

Argentina increased foreign-currency restrictions at commercial lenders yet again, as President Javier Milei’s government ramps up efforts to support the peso and ease inflation ahead of midterm elections.

James Whitman

Trump tariffs are increasingly forcing countries to pick sides between the US and China

Trump’s escalating tariffs are pressuring nations to pick sides. India leans toward Russia and China despite U.S. penalties, while Mexico edges closer to Washington. Other allies like Japan, South Korea, and the EU navigate uneasy trade compromises.

Adam

Thai Prime Minister Removed By Court, Triggering Power Scramble

Thailand's Constitutional Court dismissed Prime Minister Paetongtarn Shinawatra on Friday for an ethics violation, in another crushing blow to the Shinawatra political dynasty that triggered a flurry of deal-making aimed at filling the void.

James Whitman

EU To Scrap Tariffs On US Goods To Pave Way For Lower Car Duties

BRUSSELS (Aug 28): The European Commission proposed on Thursday removing duties on imported US industrial goods in return for re

Winkelmann

US Consumer Spending Strong In July; Services Inflation Warms Up

Consumer spending increases 0.5% in July.Core PCE price index rises 0.3%; up 2.9% year-on-year.Goods trade deficit widens 22.1% to $103.6 billion.

Damon

Nvidia's Big Tech clientele looks like a vulnerability but acts like a chokehold

Nvidia’s reliance on a few Big Tech clients looks risky but instead reinforces its dominance. Despite rivals building chips, Nvidia’s unmatched products and \$3–4 trillion AI demand projections secure its industry chokehold.

Adam

Pre-Budget Lift for Rachel Reeves as UK Business Confidence Rises

Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014

Warren Takunda

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