News
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Gold dips 2% as US-China trade tensions ease, dollar rises
April 25 (Reuters) - Gold prices fell 2% on Friday and were on track for a weekly dip as the dollar rose and signs of easing U.S.-China trade tensions after a report that Beijing had exempted some U.S. goods from its tariffs weighed on bullion.
Reuters
Sun, Apr 27
Stocks rise with tech-related shares, notch weekly gains; dollar up
NEW YORK, April 25 (Reuters) - Most stock indexes climbed on Friday, with Wall Street buoyed by technology-related shares, while the dollar had its first weekly rise in over a month as investors searched for signs that the U.S.-China trade war may be easing.Reuters
Sun, Apr 27
Tesla shares rise; NHTSA to ease some safety rules for self-driving vehicles
** Shares of Tesla TSLA.O rise 10% to $285.20** U.S. National Highway Traffic Safety Administration to exempt some self-driving vehicles from safety requirements** NHTSA will also streamline the reporting of safety incidents for advanced driver assistance and self-driving systems** New framework to
Reuters
Sun, Apr 27
World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization
WASHINGTON, April 25 (Reuters) - Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank's chief economist.Reuters
Sun, Apr 27
Conflicting US-China talks statements add to global trade confusion
April 25 (Reuters) - U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade warReuters
Sun, Apr 27
ECB consensus builds for June rate cut but no appetite for big move, sources say
WASHINGTON, April 26 (Reuters) - European Central Bank policymakers are becoming increasingly confident about cutting interest rates in June as inflation continues its march lower, but there is little to no appetite for a big move, six sources told Reuters.Reuters
Sun, Apr 27
TikTok to enter Japan's e-commerce industry, Nikkei reports
April 27 (Reuters) - Chinese social media platform TikTok will enter the online shopping industry in Japan within the next few months, the Nikkei newspaper reported on Sunday.The company is preparing to recruit sellers soon for its e-commerce arm TikTok Shop in Japan, Nikkei said, citing a source inReuters
Sun, Apr 27
Oil posts weekly fall on tariff worry and rising supplies
Brent, WTI down, erasing gains following tariff uncertaintyBoth contracts set for weekly declinesOPEC+ to consider another accelerated oil output hike for JuneBy Stephanie Kelly NEW YORK, April 25 (Reuters) - Oil prices edged higher on Friday but posted a weekly decline, under pressure from marke...Reuters
Fri, Apr 25
China exempts some goods from US tariffs
China exempts some U.S. imports from 125% tariffsBeijing seeks to mitigate economic fallout from trade warSome recent imports from US have not been subject to tariffs, AmCham says, citing membersBy Andrew Silver, Trixie Yap and Brenda Goh April 25 (Reuters) - China has exempted some U.S. imports ...Reuters
Fri, Apr 25
Intel shares fall as dour forecasts overshadow CEO's turnaround promises
Tariffs cast doubt on near-term demand for company's PC processorsNew CEO gives glimpses of plans to reanimate Intel's culture of innovationCompany has a lot of investments to make to catch up in AI, Stifel saysBy Zaheer Kachwala and Kanchana Chakravarty April 25 (Reuters) - Intel's I...Reuters
Fri, Apr 25
Alphabet climbs as AI bets drive ad strength, quelling market fears
By Deborah Mary Sophia April 25 (Reuters) - Alphabet GOOGL.O shares jumped about 3% on Friday, after a solid earnings report from the Google parent showed investors that its bold bets on AI were fueling growth in the core advertising business, soothing some concerns around competition and tariff-...Reuters
Fri, Apr 25
Apple moving to make most iPhones for US in India rather than China, source says
Apple shifting production of iPhones for US mkt to India from ChinaAims for India to make most iPhones sold in US by end 2026 -sourceApple trying to navigate potentially higher US tariffs on ChinaBy Munsif Vengattil BENGALURU, April 25 (Reuters) - Apple AAPL.O aims to make most of its iPhones sol...Reuters
Fri, Apr 25
US bond funds attract first weekly inflow in six weeks
April 25 (Reuters) - U.S. bond funds recorded net inflows in the week through April 23 for the first time in six weeks, as a selloff in U.S. bond markets eased and investors grew hopeful about a potential de-escalation in the trade war between the U.S. and China.Reuters
Fri, Apr 25
Tencent Music in talks to buy China's Ximalaya for $2.4 billion, Bloomberg News reports
April 25 (Reuters) - Tencent Music Entertainment Group 1698.HK is in advanced talks to buy China's largest online audio platform, Ximalaya Inc XIMA.N, for $2.4 billion, Bloomberg News reported on Friday, citing sources.Reuters
Fri, Apr 25
US STOCKS-Wall Street rises on signs of China's tariff relief, upbeat Alphabet results
April 25 (Reuters) - U.S. stock index futures jumped on Friday after signs China was prepared to soften its stance on tariffs, while better-than-expected quarterly results from heavyweight Alphabet lifted its shares and supported other technology stocks.
Reuters
Fri, Apr 25
Tesla hides $97M Bitcoin loss in adjusted earnings report
Tesla Inc reported its worst quarter in years but but it wouldn’t be possible to guess that from its “adjusted earnings.” The EV giant reported adjusted (non-GAAP) earnings of $900 million, more than double its official net income of $400 million.
Intel Q1 Earnings Beat, Q2 Guidance Misses: This "Lesson" Deserves More Attention!
TradingKey - Former semiconductor giant Intel (INTC.US) reported stronger-than-expected earnings for the first quarter of 2025. However, weaker guidance for the second quarter sent its shares down 5% in after-hours trading. While concerns over the pace of business recovery and the impact of U.S...
TradingKey
Fri, Apr 25
Apple's Tariff Self-Rescue: All U.S.-Sold iPhones Might Shift from "Made in China" to "Made in India"
TradingKey - In response to the U.S.-China tariff war, Apple (AAPL.US) is accelerating its supply chain diversification strategy, with plans to move all iPhone assembly for the U.S. market from China to India by 2026.
TradingKey
Fri, Apr 25
April Tokyo CPI Rises to 3.5%: Can the Bank of Japan Proceed with Rate Hikes Without Worry?
TradingKey - In April, inflation in Tokyo reached its highest level in two years, potentially strengthening the Bank of Japan (BOJ) to resolve further interest rate hikes. This development aligns with the BOJ’s previous stance that there is no need to alter its fundamental policy trajectory, and...
TradingKey
Fri, Apr 25
Breakthrough in U.S.-China Tariff War? Reports Suggest China is Preparing an Exemption List
TradingKey - Following continued signals from U.S. President Donald Trump to reduce tariffs in a bid to facilitate trade negotiations, reports indicate that China is considering suspending tariffs on select U.S. goods, including semiconductors, medical equipment, and chemicals.TradingKey
Fri, Apr 25
Gold edges down amid clash over status of US-China trade talks
Gold price (XAU/USD) is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red. The downmove comes amid increasing confusion on what is the status of the trade conflict between the United States (US) and China, with US President Donald..Fxstreet
Fri, Apr 25
Intel offers weak forecast amid trade tensions as CEO talks to TSMC
April 24 (Reuters) - Intel INTC.O forecast second-quarter revenue and profit below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan's first round of earnings at the helm, against the backdrop of a raging Sino-U.S. trade war.
Reuters
Fri, Apr 25
Pound Sterling attracts bids on upbeat UK Retail Sales data
The Pound Sterling (GBP) bounces back against its major peers on Friday after the release of surprisingly positive United Kingdom (UK) Retail Sales data for March. The Office for National Statistics (ONS) has reported that retail sales, a key measure of consumer spending, rose by 0.4%...
Fxstreet
Fri, Apr 25
Official Announcement: Tokens Will Not Be Unlocked During the Event - Why Isn't the Price of TRUMP Coins Rising?
The official TRUMP Meme coin announced that there will be no token unlocks during the event. However, they did not address the market's main concerns. As a result, the price of TRUMP remains stagnant.TradingKey
Fri, Apr 25