In Today’s News
“This crypto call could ruin me” [adv]
Traders add to bets on September start to Fed rate cuts After a government report showed the core consumer price index – a measure of underlying inflation – rose just 0.1% in May after a 0.2% rise in April, traders of short-term interest-rate futures priced in a 70% chance of a quarter-point reduction in the Fed policy rate by September, compared with 57% earli …. Read More >>
Investors pull out of US stocks and into Europe and emerging markets (Reuters) -Global investors have moved money from U.S. equities and into European and emerging markets assets, as concerns mount over U.S. fiscal policy, rising debt and the risk that trade tariffs will trigger a recession.Equity mutual funds and exchange-traded funds, or ETFs, domiciled in the United States …. Read More >>
FEATURED ARTICLE
Nvidia, Perplexity partner with European firms to boost local AI models SAN FRANCISCO (Reuters) -Nvidia and artificial intelligence search firm Perplexity on Wednesday said they are partnering with more than a dozen AI firms in Europe and the Middle East to refine those firms’ AI technologies and distribute them to local businesses.Nvidia said it will work with model makers in Fr …. Read More >>
OTHER HEADLINES
US importers turn to brokers to navigate Trump-era tariffs, at a cost NEW YORK (Reuters) -U.S. importers are increasingly relying on customs brokers to keep up with President Donald Trump’s ever-changing trade policies. But booming demand for help in processing foreign goods has made these services more expensive, adding another cost to the tariff burden, industry players …. Read More >>
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China calls for building up consensus with US after ‘candid’ trade talks U.S. and Chinese officials, including He, concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers’ bruising tariff war, including on a raft of export control measures that have hobbled global supply chain.The two sides should use their consultation mechanism …. Read More >>
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Meta and TikTok challenge tech fees in second highest EU court LUXEMBOURG (Reuters) -Meta Platforms and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology as they took their fight with tech regulators to Europe’s second highest court on Wednesday.Under the Digital Services Act that became law in 2022, the tw …. Read More >>
Polestar restarts market expansion with France PARIS (Reuters) -Swedish premium carmaker Polestar will start delivering its electric vehicles in France this year with the goal of making it one of its three main European markets, its top executive for the country told Reuters. Confronted with a cash crunch, tariff pressures, and a broad slowdown in EV d …. Read More >>
JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend The U.S. investment bank said it was revising its dollar/yuan target to 7.15 yuan per dollar from 7.30, adding that it also expected a “gentle downtrend” to 7.10 by the middle of next year. The dollar was steady against the yuan at 7.1875 in European trading after U.S. and Chinese negotiators said they had ag …. Read More >>
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