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BREAKINGVIEWS-Silicon Valley’s Trump trade broke too many things
By Jeffrey Goldfarb NEW YORK, April 30 (Reuters Breakingviews) - The early returns from Silicon Valley’s attempted reprogramming of Washington are disastrous. Titans of technology either threw their support behind Donald Trump’s presidential campaign, or opened their wallets for him after he won ...Reuters
Wed, Apr 30
Stocks
US STOCKS-Wall Street tumbles as economy contracts for first time since 2022
Indexes down: Dow 0.54%, S&P 500 0.85%, Nasdaq 1.23%Q1 GDP GDP contracts at 0.3% rateSMCI plunges after Q3 forecast trim Indexes set for monthly declines By Lisa Pauline Mattackal and Purvi Agarwal April 30 (Reuters) - Wall Street's main indexes dropped on Wednesday after data showed the ...Reuters
Wed, Apr 30
Stocks
Novartis to buy kidney disease drug maker Regulus in up to $1.7 billion deal
By Bhanvi Satija and Mariam Sunny April 30 (Reuters) - Novartis NOVN.S has agreed to buy Regulus Therapeutics RGLS.O for up to $1.7 billion, giving the Swiss drugmaker access to an experimental drug to treat a life-threatening kidney disease.Under the deal terms, Novartis will pay $7 per share in...Reuters
Wed, Apr 30
Commodities
METALS-Copper falls more than 3%, on course for worst month since June 2022
By Ashitha Shivaprasad April 30 (Reuters) - Benchmark copper prices fell more than 3% on Wednesday, on track to register the biggest monthly decline since June 2022 against a backdrop of weak data from top metals consumer China and lingering trade uncertainty.Benchmark copper CMCU3 on the London ...Reuters
Wed, Apr 30
Stocks
LIVE MARKETS-Data tsunami: GDP, PCE, ADP, pending home sales, mortgages
US indexes red, but off lows; Nasdaq falls most, down >1%Energy weakest S&P 500 sector; Staples leads gainersEuro STOXX 600 index up ~0.3%Dollar gains; gold slips; bitcoin off ~1%; crude down ~3%US 10-Year Treasury yield edges up to ~4.18%Welcome to the home for real-time coverage of markets ...Reuters
Wed, Apr 30
Other
Head of Pakistan-administered Kashmir calls for international mediation
Head of Pakistan-administered Kashmir says Gulf states could helpSays aid agencies preparing supplies in case of conflictCalls for attention on Kashmir's long-term futurePakistan has said it expects India strike in coming daysBy Charlotte Greenfield ISLAMABAD, April 30 (Reuters) - The head of...Reuters
Wed, Apr 30
Stocks
Citadel Securities flags US regulator about 24-hour trading infrastructure risks
By Carolina Mandl NEW YORK, April 30 (Reuters) - Citadel Securities has sent the U.S. Securities and Exchange Commission a wish list for capital markets regulation, including warnings about the risks of 24-hour trading planned by exchanges.The market maker founded by billionaire investor Ken Grif...Reuters
Wed, Apr 30
Technical Analysis
Ethereum Price Forecast: ETH on-chain activity indicates mixed sentiment among investors
Ethereum (ETH) is down 3% on Wednesday following mixed signals across the top altcoin’s on-chain metrics. While futures traders appeared to be positioning for a downside move, spot traders maintained a modest buying pressure.
Fxstreet
Wed, Apr 30
Stocks
GeneDx set for worst day on record despite Q1 results beat
** Genetic testing company GeneDx WGS.O shares slump 41.5% to $68.43 and set for biggest one-day fall on record** Co posts Q1 rev of $87.1 mln, down 8.6% from last quarter's $95.3 mln** Reports net loss of $6.5 mln, or 23 cents per share, in Q1 ** WGS, however, beats analysts' estimates for ...Reuters
Wed, Apr 30
Other
America Movil forecasts $6.7 bln capex for 2025
MEXICO CITY, April 30 (Reuters) - An executive of Mexican telecoms giant America Movil said Wednesday that the company's capital expenditure for 2025 would be $6.7 billion, below the $7.1 billion capex in 2024. "It's only because we're seeing a slow down in all the economies. We ...Reuters
Wed, Apr 30
Other
Trump says IBM and Raytheon might get contract to modernize air traffic controller system
April 30 (Reuters) - President Donald Trump said on Wednesday that the companies Raytheon Technologies RTX.N and IBM IBM.N may get the contract to modernize the nation's air traffic controller system.Trump added there are five companies who could do the work.Reuters
Wed, Apr 30
Stocks
Why XRP (Ripple) Is Dropping Today
Crypto token XRP (CRYPTO: XRP) is falling on Wednesday. The price had fallen 5.3% in the last 24 hours as of 11:20 a.m. ET. The move comes as the S&P 500 lost 1.2% and the Nasdaq Composite lost 1.6%.Crypto investors were disappointed to learn that the Securities and Exchange Commission (SEC) is dela...The Motley Fool
Wed, Apr 30
Stocks
Barclays cuts Hilton PT on lower forecasted 2025 RevPAR
** Barclays cuts hotel operator Hilton Worldwide HLT.N Price Target to $232 from $233 on lower expected 2025 revenue per available room (RevPAR)** The new target price represents a 2.5% upside to the stock's last close** Shares marginally down 1% at $224** "However, we didn't come away w...Reuters
Wed, Apr 30
Other
Putin says he's sure Russia will eventually restore ties with Europe
MOSCOW, April 30 (Reuters) - Russian President Vladimir Putin said on Wednesday that he had no doubt that Moscow would sooner or later repair its relations with European countries.Speaking at a forum in Moscow, Putin said many in Europe share Russia's position on certain issues.Reuters
Wed, Apr 30
Other
AerCap receives Q1 insurance settlement for aircraft total loss
By Ryan HewlettApril 30 - (The Insurer) - Dublin-based aircraft lessor AerCap said in a trading update on Wednesday that it had received cash insurance settlement proceeds from insurers relating to the “total loss” of an aircraft.Peter Juhas, AerCap’s chief financial officer, told analysts on an ear...Reuters
Wed, Apr 30
Cryptocurrencies
UK Sets The Stage For New Crypto Regulation With Draft Rules On Exchanges And Stablecoins
On Tuesday, the United Kingdom took a significant step toward regulating the cryptocurrency industry by publishing draft legislation aimed at establishing a comprehensive regulatory framework for digital assets. Speaking at a fintech event, UK Finance Minister Rachel Reeves emphasized the government...Bitcoinist
Wed, Apr 30
Cryptocurrencies
Bitcoin Becomes New ‘Space Race’ Between Nations, Says White House
The White House has explicitly framed Bitcoin accumulation as a geopolitical imperative, likening it to a 21st-century “space race.” In an exclusive interview recorded inside the Eisenhower Executive Office Building, Bo Hines, Executive Director of the President’s Council on Digital Assets, spoke wi...Bitcoinist
Wed, Apr 30
