Billions Wiped Out as Software Stocks Sink on AI Disruption Fear
[Chris Combs Comment] Our portfolio allocations consider the impact of the AI disruption on software companies. We think Salesforce and ServiceNow are unfairly impacted and will actually benefit from implemented AI technology. By Henry Ren 08/12/2025 07:48:49 [BN] Summary by Bloomberg AI Growing worries that artificial intelligence tools could disrupt the world’s biggest software businesses are sparking […]
European Earnings Lag Behind US as Trade War Throttles Market Revival
By Emily Herbert 8/6/2025 Trump’s tariffs and strong currency weigh on Eurozone corporates European companies are falling behind their US counterparts in their second-quarter earnings, as the impact of President Donald Trump’s trade war frustrates investors who had bet heavily on a revival for the region’s stock markets. With more than half of the companies […]
US hits Iranian shipping network with major new sanctions
By Gram Slattery and Ryan Patrick Jones July 31, 20253:42 AM PDT Updated July 31, 2025 WASHINGTON, July 30 (Reuters) – The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. […]
US payrolls revisions jolt markets, making Fed look behind the curve
August 1, 202510:15 AM PDT By Davide Barbuscia Summary Meaningful jobs data revisions send shockwaves through markets Revisions raise doubts on Fed’s ability to gauge economic trends Rate cut probabilities jump for the rest of 2025 NEW YORK, Aug 1 (Reuters) – News of a surprise weakening in the U.S. labor market last month jolted investors […]
Trump sets new deadline of 10 or 12 days for Russia to act on Ukraine
By Andrew Macaskill and Andrea Shalal July 28, 2025 Updated July 29, 2025 TURNBERRY, Scotland, July 28 (Reuters) – U.S. President Donald Trump set a new deadline on Monday of 10 or 12 days for Russia to make progress toward ending the war in Ukraine or face consequences, underscoring frustration with Russian President Vladimir Putin over the 3-1/2-year-old conflict. Trump […]
Big Tech’s $400 Billion AI Spending Spree Just Got Wall Street’s Blessing
Microsoft joins Nvidia in $4 trillion market-cap club; Meta gets close to joining Google and Amazon in $2 trillion club July 31, 2025 9:00 pm ET By Rolfe Winkler, Nate Rattner and Sebastian Herrera The AI arms race is accelerating as the major tech companies add to their already gargantuan levels of spending. The bets are paying […]
Cooling Job Market Opens Door to September Cut Despite Inflation Jitters
A key question for the Fed will be whether the economy is weakening or whether the recent slowdown in job growth reflects temporary factors Aug. 1, 2025 11:07 am ET By Nick Timiraos The July jobs report could give Federal Reserve officials a sense of déjà vu. Last year, officials decided against cutting interest rates at […]
Investors look for signs European earnings can defy tariff turmoil
Reuters – by Samuel Indyk and Lucy Raitano July 9, 202511:03 PM PDT Summary: STOXX 600 earnings forecast to fall 0.2% Tariff impact starting to be felt, focus on guidance Euro strength a possible headwind LONDON, July 10 (Reuters) – European investors are bracing for a pivotal second-quarter earnings season, which could offer the first meaningful insight […]
EU Rushes to Conclude Framework Trade Deal With US This Week
By Alberto Nardelli and Jorge Valero 07/07/2025 18:24:02 [BN] Summary by Bloomberg AI The European Union is seeking to conclude a preliminary trade deal with the US that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline as they negotiate a permanent agreement. The EU is seeking an exemption from the 10% rate […]
US Reaches Vietnam Trade Deal With 20% Import Tariff, Trump Says
By Francesca Stevens, Nguyen Dieu Tu Uyen, and Jennifer A. Dlouhy 07/02/2025 09:32:19 [BN] Summary by Bloomberg AI President Donald Trump announced a trade deal with Vietnam, which includes a 20% tariff on Vietnamese exports to the US and a 40% levy on goods deemed to be transshipped through the country. In return, Vietnam agreed to […]