News
Important Only
Flight from Dollar Assets Forces Trump to Back Down: High Tariffs and Threats to Fire Fed Chair Powell Eased
TradingKey - After two weeks of a massive flight from dollar assets, U.S. President Donald Trump’s relentless pursuit of high tariffs and his controversial plan to challenge the dollar's dominance by threatening to fire Federal Reserve Chair Jerome Powell have proven unsustainable.
Is Tesla's Q1 Earnings Report a Turning Point? Musk to Resign from DOGE as Tariff War Eases
TradingKey - Despite electric vehicle leader Tesla (TSLA.US) posting disappointing results for the first quarter of 2025, with both revenue and profits declining, the two major "headaches" that have been worrying the market seem to be on the verge of being resolved: CEO Elon Musk is set to step...
TradingKey
Wed, Apr 23
BOJ calls on Japan banks to be vigilant against trade policy risks
TOKYO, April 23 (Reuters) - Japanese banks must monitor various risks associated with high levels of uncertainty over global trade policies, the Bank of Japan said on Wednesday, as U.S. President Donald Trump's tariffs have rocked financial markets in recent weeks.Reuters
Wed, Apr 23
Economic worries could weigh on airline results as European bookings drop
LONDON, April 23 (Reuters) - European airlines are set to report first-quarter results in the coming weeks, offering outlooks for the lucrative travel season amidst growing worries that economic uncertainty could slow demand and threaten earnings.Reuters
Wed, Apr 23
PRECIOUS-Gold falls as Trump backs down from threat to fire Fed chief
Spot gold hit $3,500 per ounce on TuesdayNo plans to dismiss Fed's Powell, Trump saysTrump says China tariffs will fall substantially after a dealBy Anmol Choubey April 23 (Reuters) - Gold prices fell more than 2% on Wednesday as U.S. President Donald Trump backed down from threats to dismiss...Reuters
Wed, Apr 23
EXCLUSIVE-China EV giant BYD reboots Europe operations after strategic stumbles, sources say
China's EV leader expanded to Europe with high expectations but saw slow initial salesBYD sources said company was slow to offer hybrids, expand dealer networkBYD has moved swiftly to address problems, hire European execs with local-market knowledgeBy Giulio Piovaccari and Nick Carey MILAN/SH...Reuters
Wed, Apr 23
Japan's Nikkei ends at 3-week high on Wall Street rebound, tech boost
TOKYO, April 23 (Reuters) - Japan's Nikkei hit a three-week closing high on Wednesday as a strong rebound in Wall Street prompted investors to scoop up technology and auto shares.The Nikkei .N225 reached an intraday peak of 35,142.12 before ending the session up 1.89% at 34,868.63, its highest ...Reuters
Wed, Apr 23
Enphase Energy misses quarterly profit estimates, forecasts weak Q2 revenue
April 22 (Reuters) - Solar inverter maker Enphase Energy ENPH.O on Tuesday missed analysts' estimates for first-quarter profit, hit by softening U.S. demand, and forecast second-quarter revenue below market estimates.Shares dropped 12.5% in after market trading.The company's battery shipment...Reuters
Wed, Apr 23
WTI extends gains to near $64.00 on Iran sanctions, falling US inventories
West Texas Intermediate (WTI) Oil price extends its rally for a second straight session, trading around $63.90 per barrel during Asian hours on Wednesday. The continued rise in Oil prices comes amid fresh United States (US) sanctions on Iran and signs of tightening supply.
Fxstreet
Wed, Apr 23
Japan's Nikkei tracks Wall Street rebound, jumps to three-week high
TOKYO, April 23 (Reuters) - Japan's Nikkei share average climbed to a three-week high on Wednesday as a strong rebound in Wall Street prompted investors to scoop up local heavyweight technology stocks.The Nikkei .N225 hit a peak of 35,142.12, its highest level since April 2, before ending the mo...Reuters
Wed, Apr 23
Hong Kong stocks near 3-week high on trade hopes, Trump's Fed assurance
SHANGHAI, April 23 (Reuters) - Hong Kong shares climbed to a near three-week peak on Wednesday, tracking global peers higher, amid optimism over potential de-escalation in Sino-U.S. trade tensions and U.S. President Donald Trump's assurance that he won't fire Federal Reserve chief.** Mainlan...
Reuters
Wed, Apr 23
Tesla rises as investors cheer Musk reducing time with DOGE
Tesla TSLA.O rises 3.3% to $245.71 in extended trading. Billionaire CEO Elon Musk says he will scale back his government role starting in May. Musk expects his time allocation to the cost-cutting Department of Government Efficiency initiative to drop significantly ** There has been significant...Reuters
Wed, Apr 23
Intel to cut over 20% of workforce, Bloomberg News reports
April 22 (Reuters) - Intel INTC.O is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations and reduce bureaucratic inefficiencies, Bloomberg News reported on Tuesday, citing a person familiar with the matter.The layoffs are part of a broader strate
Reuters
Wed, Apr 23
JP Morgan see gold prices crossing $4,000/oz by Q2 2026
April 22 (Reuters) - JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday.Reuters
Wed, Apr 23
TREASURIES-Long-term US yields decline on mixed safe-haven demand
NEW YORK, April 22 (Reuters) - U.S. Treasury long-term yields declined on Tuesday, reversing some of Monday's bond selloff, as fears that President Donald Trump's trade policies could trigger a U.S. economic slowdown provided some demand for U.S. government bonds.Reuters
Wed, Apr 23
PRECIOUS-Gold eases as Trump backs off from threats to fire Fed Chair
April 23 (Reuters) - Gold prices declined on Wednesday after U.S. President Donald Trump backed off threats to fire the Federal Reserve chair and U.S. Treasury Secretary Scott Bessent hinted at easing trade tensions, denting the metal's safe-haven appeal.FUNDAMENTALS* Spot gold XAU= fell 1.2% to...Reuters
Wed, Apr 23
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