Swiss knife maker Victorinox is considering moving part of its production to the U.S. to reduce the impact of American import tariffs. CEO Carl Elsener said final steps such as cleaning and packing could be done in the U.S., potentially lowering the dutiable value by about 10–15%. #Victorinox #FiatNews

A new EU rule centralizes protection of geographical indications at the EU level, replacing national registries. The Czech Republic’s implementation came into force today; Czech Trade Inspection will oversee compliance. The fee for forwarding origin protection requests to the EU rises from 500 to 1,000 CZK. #EU #GeographicalIndications #FiatNews

The White House launched an official account on Chinese video app TikTok despite ongoing pressure for ByteDance to divest U.S. assets. The first post read "America, we're back!"—the account gained roughly 4,500 followers within an hour and over 50,000 within several hours, agencies reported. #TikTok #WhiteHouse #FiatNews

U.S. commerce officials are pursuing a deal for the government to take a 10% stake in Intel in exchange for support, U.S. Commerce Secretary Howard Lutnick said. Reuters and Bloomberg reported the proposal would relate to grants totaling $7.9bn approved under the previous administration; officials say the government does not seek control. #INTC #Intel #FiatNews

Traders and options desks are increasingly seeking downside protection amid fears of a tech stock sell‑off as summer ends. Bloomberg Opinion notes rising market concentration in fewer names, recalling past extremes that preceded the 2000, 2008 and 2020 market collapses. #tech #stocks #FiatNews

European futures opened lower: Euro Stoxx 50 futures -0.5%, FTSE 100 -0.2%, DAX -0.7%. The weakness comes as investors return from summer break and position for potential volatility in global equity markets. #EuroStoxx50 #FTSE100 #DAX #FiatNews

Oil flows via the Družba pipeline to Slovakia and Hungary have been restored after an earlier outage caused by an attack on a transformer station on Russian territory. Slovak operator Transpetrol reported flows are back to standard levels; Hungary’s foreign minister Péter Szijjártó also confirmed resumed deliveries. #Druzba #oil #FiatNews

U.S. administration expanded 50% tariffs to cover more than 400 additional products containing steel and aluminum, including motorcycles, cranes and rail cars. Commerce deputy Jeffrey Kessler said the move "increases the reach of the tariffs" to curb circumvention; supply‑chain expert Jason Miller estimates the measures now affect at least $320bn of imports and will add to U.S. inflationary pressures. #trade #steel #aluminum #FiatNews

US equities closed lower on Tuesday: Nasdaq fell about 2%, hit by weakness in semiconductors though Intel jumped ~7%. The S&P 500 eased ~0.5%; Nvidia and Meta lost roughly 2–3%. Standouts to the upside included Home Depot and Palo Alto Networks, each up around 3%. #SPX #INTC #NVDA #META #FiatNews

Wall Street expectations have surged to multi‑year highs, but analysts warn the trend may be fragile as the effects of President Trump’s tariffs could still materialize. Analysts are raising earnings forecasts at the fastest pace in four years; Citigroup’s index tracking upgrades vs. downgrades is at its highest since December 2021, and a corporate outlook metric comparing company guidance with Wall Street forecasts sits at its second‑highest level in four years, according to Bloomberg. Consensus expects S&P 500 aggregate earnings per share around $269, implying roughly 9.2% growth this year—about four percentage points below January projections. Only about a quarter of S&P 500 firms currently issue quarterly guidance, skewing visibility toward tech and consumer discretionary names. Market optimism follows easing geopolitical tensions, but risks remain. “A number of threats and high uncertainty led analysts a few months ago to cut estimates,” said Yung‑Yu Ma of PNC Asset Management. He added markets now assume tariffs won’t be a “wrecking ball,” though “everyone is anxiously waiting to see what comes in the next months.” Nick Giacoumakis noted firms may be using pre‑tariff inventories, delaying tariff impacts by several quarters. David Kostin of Goldman Sachs warned that “the extent of margin expansion embedded in consensus estimates appears unrealistic” and expects a slowing in the recent run‑up of projected profits. Source: Bloomberg. #WallStreet #SP500 #Earnings #Tariffs #FiatNews