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Bloomberg Quint
1w
162
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Asian Stocks Rise As Trump Open To Tariff Talks: Markets Wrap
- Asian stocks edge up as Trump hints at potential tariff negotiations with countries like Japan.
- South Korean and Japanese stocks show gains, while S&P 500 contracts remain stable.
- Trump's strategy of threatening tariffs first and retracting later fuels stock market optimism.
- Markets respond positively to potential negotiation extensions, despite recent tariff announcements.
- Investors anticipate minimal impact from trade uncertainties as markets stabilize and negotiations continue.
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Siliconangle
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413
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IonQ prices $1B equity offering to accelerate its push into quantum networking
- IonQ Inc. announced a $1B equity offering priced at $55.49 per share.
- The sale includes common shares, pre-funded warrants, and seven-year warrants.
- The investment supports IonQ's quantum computing research, development, and expansion into quantum networking.
- IonQ plans to scale through quantum networking, aiming for significant growth by 2030.
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Bloomberg Quint
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68
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Gold, Silver Prices Trade Higher After Trump's Tariff Letters — Check Prices In Mumbai, Chennai, Other Cities
- Gold and silver prices were trading marginally higher on Tuesday after US President Donald Trump released more tariff letters to various countries.
- Gold price in Mumbai was at Rs 97,400 per 10 grams, while in Chennai, it was trading at Rs 97,690 per 10 grams.
- In the international market, gold spot price was 0.28% higher at $3,333 an ounce on Monday.
- Silver price slipped marginally on Monday to stand at Rs 108,460 per kg, with silver spot price trading at $36.67 on July 7.
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Bloomberg Quint
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89
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Petrol, Diesel Prices Flat On July 8 — Here's How Much You Pay For Fuel In Your City
- Fuel prices in India remained unchanged on July 8, staying steady after various tax reductions by the central and state governments.
- As of July 7, in Delhi, petrol is priced at Rs 94.77 per litre, and diesel costs Rs 87.67. In Mumbai, petrol is Rs 103.50, and diesel is Rs 90.03.
- Oil marketing companies review petrol and diesel prices daily based on global crude oil prices and currency exchange rates, with revisions taking place at 6:00 a.m.
- Global crude oil prices have seen recent volatility, with Brent at $69.28 a barrel on Tuesday, impacted by geopolitical risks in the Middle East and changing market dynamics.
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Bloomberg Quint
1w
25
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Oil Steadies As Traders Focus On US Tariffs, Red Sea Attacks
- Oil prices remained stable as focus shifted to potential repercussions from US tariffs and escalating tensions in the Red Sea.
- Brent hovered around $69 per barrel after a 1.9% increase on Monday, while West Texas Intermediate was below $68 amid uncertainty.
- Recent volatility in the oil market stemmed from conflicts in the Middle East, specifically the attacks in the Red Sea, following a fragile truce between Israel and Iran.
- Despite higher OPEC+ supply forecasts for August and geopolitical tensions, oil prices closed higher, with signs of tightness in the diesel market due to summer supply constraints.
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Bloomberg Quint
1w
157
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Elon Musk Loses $15 Billion Net worth As Tesla Shares Slide On New Party Concerns
- Tesla's stock slid 6.8% in New York, leading to a $15.3 billion drop in Elon Musk's net worth following his announcement of forming a new political party called the 'America Party'.
- Musk's focus on politics has negatively affected Tesla's stock, which has declined by 27% this year due to concerns about the CEO's involvement in politics.
- Investors are concerned about the distraction caused by Musk's political pursuits, leading to Tesla being downgraded by an equity analyst to a hold rating.
- While Musk has yet to provide detailed information about his party and has not filed formal paperwork, his involvement in politics has raised issues about his attention to Tesla as promised to investors.
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Bloomberg Quint
1w
425
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Travel Food Services IPO Opens — 'Subscribe' Says DRChoksey
- Travel Food Services Ltd.'s Rs 2,000 crore IPO opened on July 07 with a price band of Rs 1,045 – 1,100.
- The IPO consists only of an offer for sale without a fresh issue component and will close for subscription on July 09.
- DRChoksey Research recommends subscribing to the Travel Food Services IPO.
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Bloomberg Quint
1w
2.9k
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Stocks To Watch Today: NLC India, Titan, Tata Motors, Phoenix Mills, Kotak Mahindra Bank
- Stocks to watch today include NLC India, Titan, Tata Motors, Phoenix Mills, and Kotak Mahindra Bank.
- Corporate announcements include NLC India's investment approval, Mahindra & Mahindra's sales update, Titan's growth in consumer business, Tata Motors' retail sales drop, and Kotak Mahindra Bank's financial results.
- Other notable updates are Macrotech Developers' pre-sales growth, The Phoenix Mills' sales growth, and Refex Industries receiving a significant order.
- The news article is eligible for web story generation.
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Bloomberg Quint
1w
200
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Netanyahu Says He Nominated Trump For Nobel Peace Prize
- Israeli Prime Minister Benjamin Netanyahu told President Donald Trump he nominated him for the Nobel Peace Prize during a visit to the White House.
- Netanyahu is not the first foreign leader to nominate Trump, as Pakistan had also expressed intent to nominate him, seeking to strengthen ties with the US president.
- The nomination occurred amidst discussions on ongoing conflicts, with the US participating in Israel's military campaign against Iran and efforts to broker a ceasefire between Israel and Iran.
- International pressure is mounting on Israel to end the war in Gaza, with Palestinian casualties rising and concerns about famine in the region.
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Bloomberg Quint
1w
366
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Trump Promises More Weapons for Ukraine And Criticises Putin
- President Trump promises to send more weapons to Ukraine, marking a reversal after the Pentagon halted some weapon flows to the country.
- Trump stated that Ukraine needs to defend themselves as they are being hit hard currently.
- The Pentagon had paused weapon shipments while reviewing stockpiles, but there was no immediate need to deny weapons to Ukraine.
- Trump criticized Russian President Putin for continuing attacks in Ukraine, expressing disappointment for the ongoing conflict.
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Bloomberg Quint
1w
93
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Trump Issues New Tariff Rates, Still Open To Negotiations
- Trump issues new tariff rates, open to negotiations with various trading partners.
- He delayed increased duties until at least Aug. 1, aiming for additional negotiation.
- The tariff rates affect goods from countries like Japan, South Korea, Indonesia, and South Africa.
- Trump hinted at adjusting rates and remaining open to concessions during ongoing negotiations.
- The White House signed an executive order to push back the new rates deadline.
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Bloomberg Quint
1w
400
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Train Withdrawal Affects Metro Line 1; Stampede-Like Situation At Ghatkopar Station, Say Passengers
- Passengers experienced a stampede-like situation at Ghatkopar station of Mumbai Metro Line 1 due to delays caused by the withdrawal of a train from service.
- Commuters expressed frustration over the increased rush on the metro line since its launch in 2014 and urged authorities to address the lack of capacity and frequency of services.
- Civic activists criticized the prioritization of profit over public service, emphasizing the need for immediate corrective measures to ensure commuter safety.
- The operator, Mumbai Metro One Pvt Ltd., is considering options like improving speed, increasing coaches, and restarting mixed-loop services to optimize operations and cater to growing commuter demand.
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Pymnts
1w
386
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Report: Solana ETF Issuers Face Shortened Deadline From SEC
- SEC has shortened the deadline for financial institutions looking to issue exchange-traded funds on the Solana blockchain platform, giving them until July 31 to refile applications.
- This move by the Securities and Exchange Commission (SEC) suggests an accelerated timeline for potential approval of the funds, differing from the previous deadline of October 10.
- The SEC's apparent urgency, not officially communicated, could indicate a push by regulators to make these funds available to retail investors under the pro-crypto stance of the Trump administration.
- While the SEC approved spot ETFs for bitcoin and ether, this faster deadline for Solana ETFs may hint at potential approval for crypto ETFs in general, with some ETFs already pending approval after Rex Shares' recent successful launch.
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Pymnts
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175
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HIVED Raises $42 Million For All-Electric Delivery Network
- HIVED, an eCommerce logistics platform, has raised $42 million in new funding for its all-electric delivery network.
- The U.K.-based company aims to scale nationwide using the Series B funding.
- HIVED's parcel delivery network is built explicitly for eCommerce, utilizing AI, real-time data, and modern architecture for efficient operations.
- The company's innovative approach aims to enhance the eCommerce experience by focusing on seamless, AI-driven interactions between retailers, warehouses, drivers, and end customers.
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The Robot Report
1w
366
Indian drone developer Raphe mPhibr raises $100M
- Indian drone developer Raphe mPhibr, known for its light carbon-fiber composite drones, raised $100 million in Series B funding.
- The funding will be used for research, development, and local production capabilities as drone usage increases for military and surveillance purposes.
- Raphe mPhibr produces its own components like batteries, flight controllers, and materials domestically, with plans to manufacture radars and cameras in-house.
- The company currently has over 600 employees and has sold more than 1,870 drones, primarily to Indian government agencies like the Army, Navy, and Air Force.
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