News
Important Only
Japan’s Kato: Japan does not manipulate the FX market to weaken the Yen
Japan’s Finance Minister Shunichi Kato said on Friday that the country does not manipulate the foreign exchange (FX) market to weaken the Japanese Yen.Kato said on Thursday after the talks began in Washington that he will closely communicate with the US on FX issues, adding Tokyo and Washington have
Fxstreet
Fri, Apr 18
Boeing jet departs China delivery plant as US tariffs bite
Doubts over Boeing jet deliveries to China amid tariffsFour new jets were at Boeing facility in China One jet left facility on Friday to return across the PacificChina delivery hurdles are latest setback for Boeing By Lisa Barrington, Sophie Yu, Dan Catchpole and Tim Hepher April 17 (Reuters) - A...Reuters
Fri, Apr 18
Lilly weight-loss pill works as well as Ozempic, shares surge
April 17 (Reuters) - Eli Lilly's LLY.N experimental pill worked as well as blockbuster drug Ozempic to lower weight and blood sugar in a trial of diabetes patients, and the company said it expects to seek regulatory approvals by the end of the year.
Reuters
Fri, Apr 18
US STOCKS-S&P 500 ends up as Eli Lilly jumps and UnitedHealth plummets
April 17 (Reuters) - The S&P 500 ended higher on Thursday, lifted by Eli Lilly and Apple, as investors weighed progress in U.S. trade negotiations with Japan against concerns about the interest rate outlook.Traders leaned toward optimism following U.S. President Donald Trump's comments about "big..
Reuters
Fri, Apr 18
Netflix quarterly results beat Wall St targets, revenue outlook upbeat
LOS ANGELES, April 17 (Reuters) - Netflix NFLX.O exceeded Wall Street expectations in its quarterly earnings report and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump's erratic tariff plans.
Reuters
Fri, Apr 18
EUR/USD gathers strength above 1.1350, ECB cuts interest rates by 25 bps
The EUR/USD pair attracts some buyers to near 1.1370 during the early Asian session on Friday. The concerns over the economic impact of tariffs continue to drag the US Dollar (USD) lower against the Euro (EUR). Traders will closely monitor the developments surrounding US trade talks. Trading...
Fxstreet
Fri, Apr 18
Trump amps up feud with Fed over rates, accuses Powell of 'playing politics'
April 17 (Reuters) - U.S. President Donald Trump on Thursday launched a series of attacks against Federal Reserve Chair Jerome Powell, accusing the central bank chief of "playing politics" by not cutting interest rates, asserting he had the power to evict Powell from his job "real fast," and lookingReuters
Fri, Apr 18
UnitedHealth was a reliable earnings performer - until its shocking Thursday results
April 17 (Reuters) - UnitedHealth UNH.N has traditionally been a company investors saw as reliable, having not missed earnings estimates since the 2008 global financial crisis. Until Thursday. The country's largest insurer by market value fell far short of expectations with its quarterly earnings...Reuters
Fri, Apr 18
Nvidia faces $5.5 billion charge as US restricts chip sales to China
Nvidia shares drop 6% after US export control announcementNvidia's H20 chip sales to China face indefinite US restrictionsH20 chip's high-speed connectivity raises supercomputer concernsBy Stephen Nellis and Karen Freifeld April 15 (Reuters) - Nvidia NVDA.O on Tuesday said it would ta...Reuters
Thu, Apr 17
METALS-Copper falls in thin-volume trade as dollar edges up
By Polina Devitt LONDON, April 17 (Reuters) - Copper prices fell in London on Thursday under pressure from a stronger dollar, but remained in a tight range amid lower trading volumes ahead of a four-day Easter break, and no sign of de-escalation in the trade war between the U.S. and China.The ben...Reuters
Thu, Apr 17
Intel falls after report of curbs on exports to Chinese clients
** Intel shares INTC.O down 1.8% at $18.88 in premarket trading after FT reports the American chipmaker will need license to export some advanced AI processors to Chinese clients** Other chip stocks rise following TSMC's 2330.TW upbeat quarterly earnings after being battered on Wednesday with U....Reuters
Thu, Apr 17
US STOCKS-S&P 500, Nasdaq set to rise after selloff; UnitedHealth plunges
April 17 (Reuters) - Futures tied to the S&P 500 and the Nasdaq pointed to a higher open on Thursday, with indexes set to regain some ground on the week's final trading day, while UnitedHealth's shares slumped following a forecast cut by the insurer.Reuters
Thu, Apr 17
US weekly jobless claims fall as labor market remains stable
WASHINGTON, April 17 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week, suggesting labor market conditions remained stable in April, though uncertainty around tariffs is making businesses hesitant to boost hiring. Initial claims for state uneReuters
Thu, Apr 17
INSTANT VIEW-ECB cuts rates again to buffer economy from U.S. tariff hit
LONDON, April 17 (Reuters) - The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a knock from U.S. tariffs.The ECB has been lowering borrowing costs as post-pandemic price pressures retreatReuters
Thu, Apr 17
Tariff-wounded stocks find no balm with Powell remarks
NEW YORK, April 16 (Reuters) - Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind.Reuters
Thu, Apr 17
PRECIOUS-Gold prices retreat from record high as investors cash in
Gold hit all-time peak at $3,357.40 per ouncePowell says Fed remains in wait-and-see modeUS dollar recovers from three-year lowBy Anmol Choubey April 17 (Reuters) - Gold prices pulled back from a record high on Thursday as investors booked profits following a rally driven by concerns around U.S. ...Reuters
Thu, Apr 17
RPT-COLUMN-Fed winning with its 'cruel-to-be-kind' strategy: Mike Dolan
By Mike Dolan LONDON, April 17 (Reuters) - The Federal Reserve's job is complicated and simple at the same time: hold the line on interest rates, even in the face of pressure, in order to keep long-term inflation expectations under control.If the recently restive bond markets are to be believ...Reuters
Thu, Apr 17
