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Bank of America rises after Q1 profit beat
Shares of second-largest U.S. lender Bank of America BAC.N up 2.1% at $37.44 premarket** BofA beats estimates for Q1 profit as interest income grew and volatile markets helped its stock traders rake in a record haul** BofA's net interest income (NII) — difference between what it earns on loan...
Reuters
Wed, Apr 16
Citigroup rises after Q1 profit beat
U.S. lender Citigroup's C.N shares rise 1.2% to $63.98 premarket** Citigroup beats Wall Street estimates for first-quarter profit as its traders reaped a windfall from volatile markets that fueled client activity** Citi reports a net income of $4.1 bln, or $1.96 per share in Q1, analysts on a...
Reuters
Wed, Apr 16
Oil prices steady as market considers latest US tariff changes
IEA slashes oil demand forecast for this year and nextTrade tariff uncertainty causes banks to cut oil price forecastsChina's exports rose sharply in March ahead of US tariffs By Scott DiSavino NEW YORK, April 15 (Reuters) - Oil prices were little changed on Tuesday as investors digested the ...Reuters
Tue, Apr 15
Citigroup profit beats estimates, moves toward target as trading revenue jumps
Profit boosted by volatile markets and client activityGuidance for 2025 maintainedCiti CEO says some areas of consent orders are close to regulators' targetsBank expects to be ready for Banamex IPO by year-endReturn on tangible common equity at 9%, closer to profitability goalBy Tatiana Bautzer ...Reuters
Tue, Apr 15
Johnson & Johnson CEO warns US tariffs may disrupt drug supply
CEO says tax policies more effective than tariffs to encourage U.S. manufacturingJ&J's shares down marginally, investors cite weak medical device sales Depression drug Spravato expected to generate $3 billion-3.5 billion in annual sales by 2028By Patrick Wingrove and Bhanvi Satija April ...Reuters
Tue, Apr 15
PRECIOUS-Gold rises as investors seek safety amid uncertainty on Trump tariffs
Gold hit record high of $3,245.42 on MondayFed's Bostic calls for U.S. central bank to hold off until tariff clarityEconomic slowdown, political uncertainties likely to fuel gold demand, analyst saysBy Anmol Choubey April 15 (Reuters) - Gold prices rose on Tuesday as investors continued to fl...Reuters
Tue, Apr 15
FACTBOX-HSBC trims Brent crude oil price forecasts for 2025 and 2026
April 15 (Reuters) - HSBC revised down its Brent crude oil price forecasts for 2025 and 2026, following the announcement of tariffs by U.S. President Donald Trump and the decision by OPEC+ to increase production, the bank said in a note on Tuesday.The bank's forecast for 2025 has been reduced to...
Reuters
Tue, Apr 15
US STOCKS-US stock futures muted as investors assess scope for more tariff exemptions
April 15 (Reuters) - U.S. stock index futures were subdued on Tuesday, as investors tried to gauge the possibility of a tariff relief for the auto sector after President Donald Trump hinted at more exemptions.Reuters
Tue, Apr 15
AMD set to produce its CPU chip at TSMC plant in Arizona
Marks first time AMD products will be made in USDecision pre-dates Trump taking office but US manufacturing a "priority", says CEOUS investigating whether to potentially impose tariffs on chipsBy Wen-Yee Lee TAIPEI, April 15 (Reuters) - Advanced Micro Devices AMD.O said on Tuesday its key...Reuters
Tue, Apr 15
Buy the Dip in U.S. Bonds? Analysts Bet on the Fed Following Japan’s Path of Government Bond Purchases
TradingKey - The largest U.S. Treasury sell-off in over two decades is showing signs of easing, bolstered by reassurances from the Treasury Department and rising expectations of potential Federal Reserve intervention. The U.S. might follow a path similar to Japan’s approach to nationalising its debtTradingKey
Tue, Apr 15
Euro zone bond yields dip as investors weigh further tariff carve-outs
LONDON, April 15 (Reuters) - Euro zone bond yields dipped on Tuesday as investors mulled U.S. President Donald Trump’s suggestion that he might grant further sectoral carve-outs from tariffs, this time for automakers.
Reuters
Tue, Apr 15
Superlong JGB yields hover near two-decade highs on tariff jitters
TOKYO, April 15 (Reuters) - Longer-dated Japanese government bond yields hovered near two-decade highs on Tuesday as worries persisted about the potential economic fallout from U.S. President Donald Trump's aggressive tariff campaign.Reuters
Tue, Apr 15
U.S. Bonds Stage a Major Rebound! Treasury Secretary Bessent "Has a Toolkit," No Need for Fed Intervention Yet
U.S. Treasury Secretary Scott Bessent pushed back against claims of widespread foreign dumping of bonds and growing doubts over the dollar’s status as the world’s reserve currency, asserting that the Treasury possesses ample policy tools to support market stability, including potential bond buybacksTradingKey
Tue, Apr 15
GLOBAL MARKETS-Cautious shares edge up on some tariff reprieve, bonds hold steady
SINGAPORE, April 15 (Reuters) - Asia shares rose on Tuesday but futures pointed to weakness in Europe and the United States after President Donald Trump suggested he might grant exemptions on auto-related tariffs.Reuters
Tue, Apr 15
Strategy’s Bitcoin Portfolio Grows To Nearly 600,000 BTC After Recent Purchase
Michael Saylor’s Bitcoin (BTC) proxy firm, Strategy, has made headlines once again by purchasing an additional $285.8 million worth of Bitcoin (BTC) during a week characterized by significant fluctuations in the company’s stock (MSTR) price. Saylor’s Strategy Reports 11.4% Year-to-Date Bitcoin...
NewsBTC
Tue, Apr 15
