Real-time News

Iranian Oil Minister: Iran is willing to play an active role in BRICS energy cooperation.

June 25th - Quilter Cheviot strategist Ben Barringer wrote that Micron Technology's exceptionally strong results indicate that the traditionally cyclical memory chip market is becoming more reliable. The results reaffirm the fact that demand for memory chips far exceeds supply. More importantly, however, Micron's shift towards long-term agreements with customers provides the group with a more stable profit profile and makes it less susceptible to sharp fluctuations in demand. These long-term agreements effectively set ceilings and floores for pricing and require customers to commit to accepting supply, smoothing out the historically highly cyclical market.

Microsoft (MSFT.O): We will continue to engage in constructive communication with the committee.

The European Union: Amazon (AMZN.O) and Microsoft (MSFT.O) cloud services should be designated under the Digital Markets Act.

Russia has denied a Wall Street Journal report that it is urging Belarus to escalate the conflict in Ukraine.

Microsoft (MSFT.O): Ignoring Google's (GOOG.O) cloud business and the growing influence of Gemini will lead the market in an unfavorable direction.

Amazon (AMZN.O): Amazon Web Services (AWS) faces fierce competition in Europe.

EU regulators say Amazon Web Services (AMZN.O) and Microsoft Azure are important bridges between businesses and EU customers.

EU regulators have said that Amazon (AMZN.O) and Microsoft (MSFT.O) cloud computing services should be designated as "gatekeepers" under EU technology rules.

H&M CEO: The EU's €3 fee on low-value e-commerce parcels is a good move to balance the competitive environment.

According to CNBC: Chevron (CVX.N) CFO said that we will increase (natural gas) production at a rate of 7% to 10%.

The Kremlin has demanded an explanation from Apple (AAPL.O) regarding the removal of Russian apps from the App Store.

The Kremlin denied a Wall Street Journal report that it pressured Belarus to help Russia expand its war in Ukraine.

Bank of America: Expects the Bank of England to keep interest rates unchanged in 2026, compared to previous forecasts of 25 basis point rate hikes in July and September of this year.

Bank of America: It expects the Bank of England to cut interest rates by 25 basis points in November 2027, down from its previous forecast of three rate cuts.

Tencent Holdings (00700.HK): On June 25, it repurchased 1.186 million shares, costing approximately HK$500 million.

On June 25th, Lu Yiming, President of Boeing China, stated during a fireside chat at the 4th China International Chain Expo on June 24th that all Boeing supply chain partners in the Chinese market contribute unique value to the global collaborative system. Many components for Boeing's operating fleet worldwide are manufactured and supplied by China. Regarding Boeing's growth potential in the Chinese market, Lu predicted that Boeing's fleet in China will double in the next 20 years, requiring approximately 250,000 employees, including pilots and ground service personnel. He explained that Boeing has already trained hundreds of thousands of aviation professionals in China and will continue to increase its investment in human capital in China.