News
Important Only
Musk, facing criticism and falling Tesla sales, to cut back DOGE work
Musk to reduce time on government work, increase time on Tesla Tesla faces uncertainty from tariffs and shifting global trade policiesTesla's auto revenue drops 20%, net profit falls 71% in Q1 Production ramp of affordable cars to be slower than expected - execBy Akash Sriram, Abhirup Roy, Ch...Reuters
Wed, Apr 23
PRECIOUS-Gold takes a breather after hitting $3,500 on higher stocks, stronger dollar
April 22 (Reuters) - Gold fell more than 1% on Tuesday after briefly touching a record high of $3,500 earlier in the session, as comments by U.S. Treasury Secretary Scott Bessent hinting at a thaw in U.S.-China trade tensions fueled optimism in equities and strengthened the dollar.
Reuters
Wed, Apr 23
Trump says he has no plans to fire Fed's Powell; market jumps
Trump's criticism of Fed rate policy remains pointedMarket reacts positively to Trump's de-escalationTrump says China tariffs will fall substantially after a dealBy Nandita Bose WASHINGTON, April 22 (Reuters) - President Donald Trump on Tuesday backed off from threats to fire Federal Rese...Reuters
Wed, Apr 23
METALS-Copper gains defy gloomy outlook
By Pratima Desai LONDON, April 22 (Reuters) - Copper prices hit their highest in more than two weeks on Tuesday as a weaker dollar triggered fund buying, but traders doubted upward momentum would be maintained given that U.S. import tariffs dominate sentiment.Levies imposed by President Donald Tr...Reuters
Tue, Apr 22
PRECIOUS-Gold touches $3,500/oz amid Trump's attacks on Powell
April 22 (Reuters) - Gold prices briefly broke above $3,500 per ounce to an all-time high on Tuesday, after U.S. President Donald Trump criticised Federal Reserve Chair Jerome Powell, rattling investors and increasing demand for the safe-haven asset.Reuters
Tue, Apr 22
Crypto stocks rise as bitcoin rallies to seven-week high
** Shares of cryptocurrency and blockchain-related firms rise premarket as bitcoin hits highest levels since early Mar** Bitcoin BTC=, world's biggest cryptocurrency, up 1.6% to $88,685, while Ether ETH= advances 3.6% to $1,635** BTC rose nearly 3% on Mon even after U.S. President Donald Trump&#...
Reuters
Tue, Apr 22
Japan Selling U.S. Bonds to Defend the Yen? Japanese Yen Surges to 140 as Japan Defies U.S. Pressure
TradingKey - As the weakening of the dollar intensifies, the yen has strengthened, breaking through the 140 level. Meanwhile, one of the key players behind the "U.S. Treasury storm" that occurred after President Trump’s reciprocal tariff policy took effect in early April has been confirmed to be...
TradingKey
Tue, Apr 22
Ishiba Takes a Hard Line as Japanese Auto and Tourism Industries Already Feel the Pain of Trump's Tariffs
TradingKey - As the impact of Trump’s tariffs on the real economy begins to surface, and more countries voice opposition to Trump’s tariff policies, Japan appears to be adopting a tougher stance in its trade negotiations with the U.S.TradingKey
Tue, Apr 22
Trump Meets with U.S. Retail Giants, Walmart and Target Might Feel the Pain Differently
TradingKey - On Monday, April 21, U.S. President Donald Trump met with the CEOs of three major American retailers at the White House: Doug McMillon of Walmart, Brian Cornell of Target, and Ted Decker of Home Depot. Overall, high tariffs will increase import costs, erode corporate profits, and...
TradingKey
Tue, Apr 22
Euro zone yields steady as traders shrug off Trump, reflect on economy
April 22 (Reuters) - Euro zone government bond yields steadied on Tuesday as traders returning from the long weekend reassessed their outlook for the economy after the European Central Bank's rate decision on Thursday and comments that U.S. tariffs would knock growth.Reuters
Tue, Apr 22
In Dubai's Gold Souk, bullion's record run brings little joy for jewellers
DUBAI, April 22 (Reuters) - In the bustling Gold Souk in Dubai, dubbed the "City of Gold", 22-karat gold jewellery is a traditional favourite for weddings, religious celebrations, and as a family investment.Yet with bullion prices hitting record highs above $3,400 an ounce, there are signs of...Reuters
Tue, Apr 22
U.S. Stocks, Bonds, and Currency All Suffer! Is the True Face of ‘Trump Trade’ Actually ‘Sell America’?
TradingKey - The shocks to the capital markets brought by U.S. President Donald Trump have come in waves. With tariff risks still looming, the ongoing drama of attacking Federal Reserve Chair Jerome Powell has escalated. The market may be reaching a new consensus: the so-called "Trump trade" is...TradingKey
Tue, Apr 22
PRECIOUS-Gold hits key $3,500 mark as Trump's attacks on Fed chief rattle traders
Trump warns of economic slowdown unless Fed cuts ratesEconomic uncertainty to uphold gold demand despite likely pullback, analyst saysBy Anmol Choubey April 22 (Reuters) - Gold prices soared to a record high, hitting the crucial $3,500 mark on Tuesday, as concerns over U.S. President Donald Trump...Reuters
Tue, Apr 22
Bitcoin shows weakness in 2025 amid its decoupling from Gold and the US Dollar's steep decline
Bitcoin (BTC) climbed above $88,000 on Monday, the first time since the beginning of April after a week-long consolidation. However, the top crypto has declined over 6% year-to-date (YTD) despite a 9% plunge in the US Dollar Index (DXY) — which historically triggered moderate gains for BTC.Japan sees little scope for grand deal on yen in talks with U.S.
TOKYO, April 22 (Reuters) - When Japanese Finance Minister Katsunobu Kato meets his U.S. counterpart Scott Bessent in Washington this week, the yen is shaping up to be a major topic of discussion, though sources say Tokyo will push back against any request to boost its currency.Reuters
Tue, Apr 22
China's Nio delays Europe launch of Firefly EV to third quarter
SHANGHAI, April 22 (Reuters) - China's Nio 9866.HK said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region.Reuters
Tue, Apr 22
GRAINS-Wheat gains as dryness hits US winter crops; corn firms on plating delay
SINGAPORE, April 22 (Reuters) - Chicago wheat futures gained some ground on Tuesday, underpinned by worries over dry weather threatening to reduce U.S. winter crop yields.Corn rose on support from wet weather delaying field work in the U.S. Midwest. Soybeans also inched higher.Reuters
Tue, Apr 22
Japanese Yen bulls have the upper hand amid US tariff woes, BoJ rate hike bets
The Japanese Yen (JPY) edges lower during the Asian session on Tuesday amid receding hopes for a quick US-Japan trade deal. Furthermore, signs of stability in the Asian equity markets and a modest bounce in the US indices futures undermine the safe-haven JPY. This, along with a modest US Dollar...Fxstreet
Tue, Apr 22
