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LTC, BCH, DOGE Price Analysis: Nine proof-of-work coins rally on Nvidia’s $5.5 billion charge
Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin (DOGE) experienced significant rallies today, as nine proof-of-work cryptocurrencies surged following Nvidia's announcement of a $5.5 billion charge due to U.S. restrictions on its AI chip sales to China .Fxstreet
Wed, Apr 16
Fed Chair Powell: Cutting discretionary federal spending will not fix US debt problem
By Ann Saphir April 16 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday reiterated the long-held view of Fed chairs going back decades that growth in the U.S. federal debt needs to be reined in, but he suggested that politicians are going about it the wrong way. "We're running...Reuters
Wed, Apr 16
TREASURIES-Treasuries fall after Powell signals slowing economic growth
Powell warns tariffs may hinder growth and inflation controlRetail sales surge due to tariff-related consumer stockpilingU.S. Treasury yields drop amid economic slowdown fearsBy Alden Bentley, Chuck Mikolajczak and Stephen Culp NEW YORK, April 16 (Reuters) - U.S. Treasury yields fell on Wednesday...Reuters
Wed, Apr 16
WRAPUP 3-Pre-tariffs buying fuels US retail sales, weakness lies ahead
Retail sales increase 1.4% in MarchMotor vehicle sales lead broad rise in salesCore retail sales gain 0.4%; February sales revised upManufacturing output rises 0.3%; grows at 5.1% rate in Q1By Lucia Mutikani WASHINGTON, April 16 (Reuters) - U.S. retail sales increased by the most in more than two...Reuters
Wed, Apr 16
Tesla registrations slump 15% in EV-loving California
Tesla loses majority EV market share in CaliforniaBacklash against Musk's politics impacts Tesla's imageCalifornia's EV sales rise 7.3% despite Tesla's declineBy Akash Sriram April 16 (Reuters) - Californians further soured on Tesla TSLA.O in the first quarter, pulling down the el...Reuters
Wed, Apr 16
Powell does not believe labor board dismissals case will apply to Fed
April 16 (Reuters) - The legal case currently before the Supreme Court over President Donald Trump's firing of two Democrats from federal labor boards does not likely apply to the Federal Reserve, the head of the U.S. central bank said on Wednesday.Fed Chair Jerome Powell, in response to a quest...Reuters
Wed, Apr 16
INSTANT VIEW-Powell says Fed to stay on hold until clarity on tariff impact
April 16 (Reuters) - U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday.For now, he said in r...Reuters
Wed, Apr 16
Fed's Powell: Fed stands ready to provide dollar liquidity
April 16 (Reuters) - The U.S. Federal Reserve is ready to provide dollar liquidity through its swap lines with other central banks as needed, Fed Chair Jerome Powell said on Wednesday."We want to make sure that dollars are available," Powell said in response to a question at an event at the ...Reuters
Wed, Apr 16
INSTANT VIEW-Powell says Fed to stay on hold until clarity on tariff impact
April 16 (Reuters) - U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday.For now, he said in r...Reuters
Wed, Apr 16
Fed's Powell: Tariffs larger even than in Fed's upside estimates
April 16 (Reuters) - The tariffs rolled out by President Donald Trump were larger than even the highest estimates prepared by the Federal Reserve ahead of time, Fed Chair Jerome Powell said on Wednesday."The tariffs are larger than forecasters had expected, certainly larger than we expected, eve...Reuters
Wed, Apr 16
Fed's Powell: Trade policy change will complicate hitting job, inflation goals
By Michael S. DerbyApril 16 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that trade policies pursued by the Trump administration will create challenges for the central bank to meet its job and inflation mandates this year.The new trade policies represent significant change, Powe...Reuters
Wed, Apr 16
TEXT-Federal Reserve Chair Jerome Powell speech text April 16, 2025
April 16 (Reuters) - Thank you for the introduction. I am looking forward to our conversation, Professor Rajan. First, I will briefly discuss the outlook for the economy and monetary policy.At the Fed, we are always focused on the dual-mandate goals given to us by Congress: maximum employment and st...Reuters
Wed, Apr 16
Fed's Hammack: Time for hold steady while taking in new data
Fed's Hammack sees 'strong case' for steady policy amid uncertaintyFed's Hammack said economy beset by uncertainty right nowHammack sees difficult conditions for Fed policymaking By Michael S. DerbyApril 16 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on ...Reuters
Wed, Apr 16
Breaking: Gold hits a record high around $3,330/oz
Gold prices keep their upside impulse well in place and hit an all-time peak just below the $3,330 mark per troy ounce on Wednesday. Further gains in the precious metal come from a weaker US Dollar, unabated uncertainty surrounding United States (US) tariffs and declining US yields across the curve.
Fxstreet
Wed, Apr 16
Fitch sees weakest world growth outside pandemic since 2009
LONDON, April 16 (Reuters) - Fitch Ratings cut its global growth forecasts on Wednesday, projecting the weakest expansion since 2009 save for the COVID-19 pandemic as global trade tensions escalate.In a special update to its quarterly global economic outlook, Fitch said it expects world growth to fa...Reuters
Wed, Apr 16
US crude stocks rise despite large increase in exports, EIA data shows
By Stephanie KellyNEW YORK, April 16 (Reuters) - U.S. crude stocks rose last week despite a major increase in exports, while fuel inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million barrels in the week ended April 11, ...Reuters
Wed, Apr 16
