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Bloomberg Quint

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US Copper Prices Surge To Record As Trump Calls For 50% Tariff

  • US copper prices surge to record high after Trump's announcement of 50% tariff.
  • New York copper price hits $5.5085 per pound, while London Metal Exchange drops.
  • The tariff implementation is expected to impact various industries heavily reliant on copper.
  • Market anticipates rise in copper prices due to increased demand for electric vehicles.
  • Global copper industry braces for impact of tariffs, particularly affecting Chilean imports.

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HinduBusinessLine

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In a reversal, smartphone OEMs now turn attention to offline channel

  • Smartphone brands are now focusing more on offline retail channels, shifting away from exclusive online sales seen in the past.
  • The share of offline channels in smartphone shipments has increased, especially in premium devices, with customers preferring to experience the product before purchase.
  • Analysts suggest that brands like Xiaomi, realme, POCO, OnePlus, and Motorola, initially online-centric, are expanding offline to attract new customers and boost Average Selling Prices (ASPs).
  • The move towards offline retail is influenced by rising ASPs, consumer preference for in-store experiences, and the narrowing price gap between online and offline channels.

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Bloomberg Quint

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Oil Prices Steady As Industry Report Points To Gain In US Stockpiles

  • Oil prices held steady as traders assessed the increase in US crude stockpiles and the impact of President Trump's tariff policies.
  • Brent was near $70 a barrel, while West Texas Intermediate traded around $68, with US inventories reportedly rising by 7.1 million barrels last week, the largest surge since January.
  • Investors are closely monitoring US trade policy developments, including Trump's tariff agenda, which could affect demand. The recent Israel-Iran conflict added to oil price volatility, although a fragile truce is currently in place.
  • Choppy oil prices in the US are hampering drilling activities, leading to a decrease in the rig count to near four-year lows. WTI and Brent prices showed minor fluctuations in recent trading sessions.

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HinduBusinessLine

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Kharif MSP rise seems arbitrary

  • The recent rise in Minimum Support Prices (MSP) for kharif crops appears arbitrary without clear logic or transparency.
  • Concerns arise over whether the MSP hikes reflect the actual cost of cultivation, shifts in demand and supply, or a balanced approach across crops without consistent rationale.
  • Different crops experienced varying MSP increases, with questions raised about the adequacy of cost estimates and the policy framework introduced in 2018.
  • The inconsistency in MSP determination impacts farmers' decisions, resource allocation, and trust in the system, highlighting the need for transparent and credible pricing policies aligned with actual cost trends and policy priorities.

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Bloomberg Quint

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Bharat Bandh Today: What's Open, What's Closed During General Strike?

  • More than 25 crore workers from banking, insurance, postal services, coal mining, and highways sectors have called for a nationwide strike to protest against 'pro-corporate policies.'
  • Various trade unions are participating in the strike, including central trade unions and other organizations, aiming to address issues like decreased worker rights and high unemployment rates.
  • Services likely to be affected by the strike include banking, insurance, postal services, public transport, government offices, and public sector units.
  • The National Stock Exchange and BSE are expected to operate as usual, while schools, colleges, private offices will remain open; protester demands include stopping the implementation of four new labor codes and improving job opportunities.

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Crypto-News-Flash

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Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your $1,000 in 2025

  • The crypto market in Q3 2025 is shifting towards hybrid solutions where meme culture meets real-world applications.
  • FloppyPEPE (FPPE), a meme-based token, is gaining popularity with over $40 million raised in meme-based presales in June 2025.
  • FloppyPEPE offers utility through tools like an AI meme generator, meme editor, and a zero-gas DEX, aiming for long-term viability and sustainability.
  • While Dogecoin retains cultural significance, FloppyPEPE presents an exciting opportunity with utility-driven meme-fi features for potential investors.

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Medium

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Through the Lens: The Story of a Mobile Photographer

  • A mobile photographer shares their journey starting in Nepal capturing moments on the streets before moving to Japan where they documented cultural fusion.
  • Their Instagram page @pokharel_vikram showcases memories from cherry blossoms in Kyoto to streets in Chiba, prioritizing honesty in photography over trends.
  • With over 9,700 followers, the photographer aims to inspire others that powerful storytelling can be done with just a phone, heart, and vision.
  • The author, Vikram Pokharel, emphasizes that mobile photography is not a compromise but a choice of perspective.

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Guardian

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ASA cracks down on online pharmacies advertising weight loss injections

  • ASA bans online pharmacies ads for weight loss jabs to curb illegal sales.
  • New rulings prohibit phrases like “weight loss injections” in marketing weight loss treatments.
  • Ads must include consultations and avoid directly referencing weight loss drugs or injections.
  • Pharmacies breaching rules face enforcement and possible sanctions from regulators like MHRA.

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Engadget

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Waymo is adding teen accounts for autonomous vehicle rides without parents

  • Waymo has introduced teen accounts for driverless robotaxi rides in metropolitan Phoenix, allowing young passengers aged 14 to 17 to travel without adult supervision.
  • The program allows up to four passengers to share a ride with a teen passenger over 14, with ride information going to the adult on the account and real-time updates available to parents.
  • Waymo's support team has been trained to cater to younger customers and know when to contact parents. The service may expand to other cities in the future.
  • Overall, the move follows a trend of offering transportation services for teenagers without guardian supervision, with the safety factor of autonomous vehicles potentially appealing to parents.

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Moneyweb

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‘Trade as a VIP’ with PrimeXBT

  • PrimeXBT launches 'Trade as VIP' promotion for South African traders, granting instant VIP 2 status for 30 days to new users.
  • New users benefit from reduced fees, tighter spreads, and exclusive platform advantages without meeting trading volume thresholds until August 31, 2025.
  • Campaign offers almost 70% reduction in taker fees on Crypto Futures platform, with additional benefits like discounts on spreads for Forex, CFDs, and more.
  • PrimeXBT aims to make high-performance trading more accessible in South Africa, emphasizing cost-efficiency and professional-grade experience for traders.

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Moneyweb

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Education and AI in the spotlight at Singularity South Africa Summit 2025

  • Singularity South Africa Summit 2025 focuses on education and potential of AI.
  • Exponential technologies, AI, and robotics will accelerate education landscape in Africa.
  • Global thinkers and African innovators will discuss igniting Africa's future through innovation.
  • Speakers include experts in biotech, venture capital, AI sovereignty, sustainability, and genome design.

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Insider

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NYC business leaders gear up for back-to-back meetings with Zohran Mamdani

  • NYC business leaders are planning to meet with mayoral frontrunner Zohran Mamdani in back-to-back closed-door meetings next week.
  • About 100 CEOs are expected to attend the meetings, aiming to understand Mamdani's affiliation with the Democratic Socialists of America and his proposed policies.
  • Some business leaders have concerns about Mamdani's focus on raising taxes and spending, while others have shown support for incumbent Mayor Eric Adams.
  • The meetings are being organized by the Partnership for New York City and may draw protesters, with Mamdani focusing on issues like affordable housing and transportation in his campaign.

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Engadget

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FTC’s click-to-cancel rule has been struck down by federal judges at the eleventh hour

  • The FTC's 'click to cancel' rule, set to be implemented in 2024, was struck down by judges from the US Eighth Circuit Court of Appeals.
  • The rule aimed to ensure transparency about subscription terms and exit options, but industry associations and businesses challenged the rule's issuance process.
  • Judges agreed that the FTC had procedural deficiencies, leading to the vacating of the entire Negative Option Rule.
  • This ruling allows businesses to continue negative option marketing practices without facing consequences in the near future.

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Moneyweb

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Are we seeing the end of dollar dominance?

  • An asset manager's white paper discusses the 'unstoppable dollar meets the immovable Mr Trump'.
  • Market predictions of dollar decline have been consistently wrong since 2018.
  • History reveals turning points in past dollar cycles, with Trump possibly introducing change.
  • Dollar down cycle chances seem higher now due to various shifting factors.
  • Dollar bear markets typically last five to nine years, influencing asset allocation decisions.
  • Geopolitical, rate differentials, and investment flows are key in potential dollar inertia break.
  • Trump's decisions and economic momentum may enhance tempo of dollar cycles.
  • The possibility of dollar falling below parity against Euro is plausible.
  • US exceptionalism may face challenges with changing global dynamics.

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Baystreet

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Stocks Finish Lower Tuesday

  • Equities in Toronto closed lower on Tuesday amidst uncertainty over U.S. President Trump's tariffs.
  • The TSX Composite Index dropped 116.71 points to finish at 26,903.57, while the Canadian dollar decreased to 73.09 cents U.S.
  • Aura Minerals announced plans to list shares on NASDAQ, with positive stock movements. Meanwhile, companies like Mullen Group saw declines after a rating downgrade.
  • Trump's tariff threats to 14 countries and a looming trade war context affected markets. The TSX Venture Exchange and various TSX subgroups also closed down on Tuesday.

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