(Reuters) -U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a “formal process” is already starting to identify a potential successor to Federal Reserve Chairman Jerome Powell. “There are a lot of great candidates, and we’ll see how rapidly it progresses,” Bessent said. Bessent also said it would be …
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets After a relatively quiet start to the week, markets on Tuesday will have to navigate a torrent of new information on U.S. inflation, bank earnings and Chinese growth, with a fresh jump from chip …
BEIJING (Reuters) -Chinese carmaker BYD said on Tuesday it had launched a smartphone-car connectivity feature across its lineup, compatible with phone brands including Huawei, Xiaomi, Oppo and Vivo. (Reporting by Beijing Newsroom; Editing by Andrew Heavens)
(Reuters) -CoreWeave plans to spend up to $6 billion on building a new artificial intelligence data center in Pennsylvania, as part of a push by U.S. President Donald Trump to maintain the country’s edge in the booming technology sector, the company said on Tuesday. Shares of the AI cloud computing firm rose more than 8% …
CoreWeave commits $6 billion to Pennsylvania data center amid Trump AI push Read More »
By Xinghui Kok and Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s economic growth is likely to slow in the second half of the year despite a better-than-expected performance in the first half because of uncertainties over tariffs, the head of its central bank said on Tuesday. Monetary Authority of Singapore (MAS) managing director Chia Der Jiun, …
Singapore central bank warns of slower growth in second half of 2025 Read More »
By Danilo Masoni and Amanda Cooper MILAN/LONDON (Reuters) -Investor sentiment surged in July to its most bullish since February, driven by the biggest jump in profit optimism in five years and a record surge in risk appetite, Bank of America’s latest global fund manager survey showed. Cash levels fell to 3.9% in July, a low …
BofA says ‘toppy’ sentiment to spark stocks rotation not retreat Read More »
By Nathan Vifflin VELDHOVEN (Reuters) -Investors are hoping that ASML’s bookings are robust enough to support its 2026 growth ambitions when the world’s biggest chip-making equipment supplier reports its second-quarter earnings on Wednesday. The Dutch firm has lost around 30% in market value since peaking one year ago, reflecting investor concern over its growth prospects. …
ASML’s 2026 growth outlook hinges on second-quarter bookings Read More »
SYDNEY (Reuters) -Australia’s central bank on Tuesday proposed to scrap surcharges on most debit and credit card payments for consumers while lowering interchange fees paid by businesses, steps it estimated would save the two groups around A$2.4 billion ($1.57 billion) a year. In a consultation paper on the proposals, the Reserve Bank of Australia said …
Australia looks to scrap surcharges on most card payments Read More »
By Jaspreet Singh and Aditya Soni (Reuters) -Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers. The social media giant is among the large …
By Krystal Hu and Niket Nishant (Reuters) -U.S. startup funding surged 75.6% in the first half of 2025, thanks to the continued AI boom, putting it on track for its second-best year ever, even as venture capital firms struggled to raise money, a report from PitchBook on Tuesday showed. Startup funding in the first six …
US AI startups see funding surge while more VC funds struggle to raise, data shows Read More »
