Articles in this Cluster
06-11-2025
The U.S. Supreme Court heard a case on the Trump administration's 'reciprocal' tariffs and appeared skeptical of their legality. Despite this, traders believe there's still a possibility that the tariffs could remain in place. Meanwhile, U.S. private jobs grew by 42,000 in October, beating estimates. Snap's stock surged after the company beat revenue expectations and announced a partnership with Perplexity AI. U.S. stocks rose on Wednesday, with tech stocks advancing. Bitcoin 'whales' may be selling, potentially causing prices to fall. Experts warn that even if the Supreme Court rules against the tariffs, it may not be the end of the road due to potential executive actions by Trump.
Entities: U.S. Supreme Court, Trump administration, Polymarket, Wolfe Research, Mitchell Goldberg • Tone: neutral • Sentiment: negative • Intent: inform
06-11-2025
The U.S. Supreme Court heard a case on the Trump administration's 'reciprocal' tariffs and appeared skeptical of their legality. Traders now predict only a 25% chance that the tariffs will hold. U.S. stocks rose after the hearing, but the end of tariffs may not be an unequivocal win for stocks as it could lead to increased Treasury yields and more debt for the U.S. government. Meanwhile, Trump could invoke other executive powers to reinstate tariffs, causing further unpredictability. Other market news includes Chinese robotaxi firms Pony.ai and WeRide dropping on their first day of trading in Hong Kong, Snap beating revenue expectations and lifting guidance, and Bitcoin 'whales' potentially selling, which could impact the cryptocurrency's price.
Entities: U.S. Supreme Court, Trump administration, Polymarket, White House, Wolfe Research • Tone: neutral • Sentiment: negative • Intent: inform
06-11-2025
European stocks are expected to open flat as regional markets struggle for direction, with various companies reporting their third-quarter earnings. AstraZeneca and DHL beat estimates, while CommerzBank reported a surprise fall in net profit. Central bank decisions are due from Norway and the U.K., with the Bank of England likely to hold its key interest rate. Global markets were influenced by AMD's earnings beat and a Supreme Court hearing on President Trump's tariffs.
Entities: European stocks, AstraZeneca, DHL, CommerzBank, Bank of England • Tone: neutral • Sentiment: neutral • Intent: inform
06-11-2025
The stock market experienced a slight downturn on Wednesday evening as investors reacted to a Supreme Court hearing on President Donald Trump's tariffs and the rebound of AI-linked equities. Stock futures were lower, with S&P 500 futures down 0.2% and Nasdaq 100 futures down 0.3%. Investors expect the Supreme Court to rule against Trump's aggressive trade policy, potentially triggering a rollback of tariffs and boosting stocks. AI-linked equities rebounded after concerns earlier in the week, with Advanced Micro Devices, Broadcom, and Micron Technology seeing gains. Earnings season continues, with companies like Expedia, Airbnb, and Vistra reporting results on Thursday. Analysts advise diversifying portfolios and trimming exposure to the 'Magnificent Seven' stocks.
Entities: New York Stock Exchange, President Donald Trump, Supreme Court, S&P 500, Nasdaq 100 • Tone: neutral • Sentiment: positive • Intent: inform
