News
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Snap drops as scrapped forecast stokes ad slowdown fears before Meta earnings
April 30 (Reuters) - Snap SNAP.N shares tumbled more than 15% in premarket trading on Wednesday after the social media company held back its forecast, stoking fears that advertisers were cutting their spending due to tariff-led economic uncertainty.
Reuters
Wed, Apr 30
Coca-Cola beats results estimates, warns tariffs could hurt sentiment
April 29 (Reuters) - Coca-Cola's KO.N quarterly revenue and profit beat estimates on Tuesday thanks to price hikes and strong demand for its sodas, but the beverage giant warned U.S. tariffs could impact costs and hurt consumer sentiment going ahead.
Reuters
Wed, Apr 30
AI server makers Dell, HPE fall after Super Micro cuts forecast
Shares of AI server makers fall premarket after Super Micro SMCI.O cuts forecast due to customers delaying purchases. Dell DELL.N down 3.8%, Hewlett Packard Enterprise HPE.N slips 2.2%, SMCI itself tumbles 16.7%. While several big tech firms have reaffirmed AI spending plans, there are worries ...
Foreign demand for US assets seen waning unless USD slides more, says Goldman Sachs
NEW YORK, April 30 (Reuters) - Foreign investor appetite for U.S. dollar assets may wane unless the currency depreciates further, said Goldman Sachs' chief economist, cautioning that a downward trajectory is expected even in the absence of a meaningful economic slowdown.
Reuters
Wed, Apr 30
Volkswagen reins in margin hopes as tariffs cloud prospects
Porsche profit warning weighs on Volkswagen guidanceToo soon to factor trade war into outlook, CFO saysHigher battery-electric sales diluted marginsCosts must come down to stay competitive - CFOBy Victoria Waldersee STUTTGART, Germany, April 30 (Reuters) - Volkswagen VOWG.DE said on Wednesday tha...Reuters
Wed, Apr 30
Dollar firmer but safe-havens set for stellar monthly rises as tariff worries persist
London, April 30 (Reuters) - The dollar was firmer on Wednesday but remained on track for its weakest monthly performance since November 2022, as perceived safe havens headed for monthly gains amid worries about U.S. trade policies under President Donald Trump.Reuters
Wed, Apr 30
China's factory activity falls sharply as Trump tariffs bite
Official manufacturing PMI falls faster than expectedNon-manufacturing activity growth slowsTrump tariffs call time on producers front-loading shipments By Joe Cash BEIJING, April 30 (Reuters) - China's factory activity contracted at the fastest pace in 16 months in April, a factory survey sh...Reuters
Wed, Apr 30
Yields on shorter-dated JGBs slip on bets of BOJ not raising rates soon
TOKYO, April 30 (Reuters) - Yields on Japan's shorter-dated bonds inched down on Wednesday as investors bet the Bank of Japan will not raise its policy rate soon, as worries around tariffs cloud economic outlook.
Reuters
Wed, Apr 30
WTI falls to near $59.50 due to weakening global economic growth, Oil demand
West Texas Intermediate (WTI) Oil price continues its decline for a third consecutive session, trading near $59.50 per barrel during Asian hours on Wednesday. The downward pressure on Oil stems from growing fears over weakening global economic growth and fuel demand, largely triggered by US Presiden
Fxstreet
Wed, Apr 30
UBS 1Q profit tops expectations on tariff-driven volatility in markets
April 30 (Reuters) - Swiss bank UBS UBSG.S on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence in the wake of U.S. tariff turmoil, which it said could delay corporate deals.
Reuters
Wed, Apr 30
Gloomy Tuesday: JOLTS, consumer confidence, home prices, trade gap
Main US indexes rise; Dow, up ~0.7%, leadsMaterials lead S&P 500 sector gainers; Energy weakest groupEuro STOXX 600 index up ~0.4%Dollar ~flat; bitcoin rises; gold off; crude down ~2.5%US 10-Year Treasury yield falls to ~4.17%Welcome to the home for real-time coverage of markets brought to you b...Reuters
Wed, Apr 30
Japan's Nikkei rises on trade talk hopes; set for first monthly gain in four
HONG KONG, April 30 (Reuters) - Japan's Nikkei share average rose slightly on Wednesday as investors awaited developments in U.S.-Japan tariff talks, putting the benchmark on track for its first monthly gain since December.Reuters
Wed, Apr 30
Amazon in White House crosshairs over report of displaying tariff costs
WASHINGTON, April 29 (Reuters) - Amazon said on Tuesday its low-cost Haul unit had considered listing import charges for goods in light of new U.S. tariffs but denied looking at such a plan for its main website, after the White House accused it of a hostile political act.
Reuters
Wed, Apr 30
Bessent says no US trade deal is done until Trump announces it
WASHINGTON, April 29 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday declined to confirm the Trump administration has reached a tariff deal with a trading partner country, saying no trade agreement was done until President Donald Trump announces it. "As you know, nothing is done...Reuters
Wed, Apr 30
Trump officials eye changes to Biden's AI chip export rule, sources say
NEW YORK, April 29 (Reuters) - The Trump administration is working on changes to a Biden-era rule that would limit global access to AI chips, including possibly doing away with its splitting the world into tiers that help determine how many advanced semiconductors a country can obtain, three sourcesReuters
Wed, Apr 30
S&P 500 chops its way to a sixth-straight day of gains
Main indexes advance; Dow out front, ends up 0.75%Financials lead S&P 500 sector gainers; Energy sole loserDollar up; bitcoin rises ~1%; gold dips; crude off ~3%US 10-Year Treasury yield falls to ~4.18%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You...Reuters
Wed, Apr 30
