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South Korea says timing of U.S. tariff cut on autos not decided
Reuters403d agoneutral
South Korea says timing of U.S. tariff cut on autos not decided

SEOUL (Reuters) -South Korea's Industry Minister Kim Jung-kwan said on Wednesday that Seoul needs to hold further discussions with Washington on the timing of the promised tariff cuts on the country's car exports to the U.S. from the current level of 25%. President Donald Trump said last week the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally. The 15% U.S. tariffs on most items coming from South Korea are due to take effect starting from Thursday.

South Korea says timing of U.S. tariff cut on autos not decided
Reuters403d agoneutral
South Korea says timing of U.S. tariff cut on autos not decided

SEOUL (Reuters) -South Korea's Industry Minister Kim Jung-kwan said on Wednesday that Seoul needs to hold further discussions with Washington on the timing of the promised tariff cuts on the country's car exports to the U.S. from the current level of 25%. President Donald Trump said last week the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally. The 15% U.S. tariffs on most items coming from South Korea are due to take effect starting from Thursday.

Roblox Q2 Earnings Beat Sends Leveraged RBLU Soaring
etf.com409d agobullish
Roblox Q2 Earnings Beat Sends Leveraged RBLU Soaring

- The leveraged RBLU fund surged nearly 25% following the gaming platform's earnings beat. - Strong bookings growth of 51% drove gains across gaming and Web3 ETFs. - User growth of 41% and raised guidance are boosting investor confidence.

LG Innotek to take stake in lidar maker Aeva as part of $50 million deal
Reuters411d agoneutral
LG Innotek to take stake in lidar maker Aeva as part of $50 million deal

SAN FRANCISCO (Reuters) -Aeva Technologies said on Tuesday that South Korean camera module maker LG Innotek will take an equity stake in Aeva as part of a $50 million strategic collaboration. Aeva makes lidar sensors that help vehicles and industrial equipment gain a detailed three-dimensional view of their environment and detect how fast surrounding objects are moving. It supplies sensors to vehicle firms such as Daimler Truck and industrial equipment makers such as Nikon.

Morning Movers: GMS Inc. jumps after report of competing suitors
TipRanks449d agobullish
Morning Movers: GMS Inc. jumps after report of competing suitors

Stock futures are ticking slightly higher as investors digest fresh geopolitical news and continue to weigh the Federal Reserve’s latest stance on interest rates. President Trump’s announcement of a two-week pause on potential military action against Iran has brought some relief to markets. Brent crude has pulled back to around $77 per barrel as the likelihood of immediate escalation diminishes. On the macro side, the Fed’s cautious tone earlier this week is still reverberating. Policymakers kep