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IMF's Georgieva, World Bank's Banga need to earn Trump administration's trust, Bessent says
Bessent urges IMF, World Bank to refocus on core missionsU.S. $4 billion pledge to World Bank under reviewBessent criticizes IMF and World Bank for mission creepIMF says looks forward to continuing engagement with U.S. By David Lawder and Andrea Shalal WASHINGTON, April 23 (Reuters) - U.S. Treasu...Reuters
Wed, Apr 23
Commodities
US natgas prices edge up on daily output decline, rising LNG export flows
U.S. LNG export feedgas on track to hit record high in AprilU.S. gas output on track to hit record high in AprilU.S. gas storage about 3% below five-year averageBy Scott DiSavino April 23 (Reuters) - U.S. natural gas futures edged up about 1% on Wednesday on a drop in daily output and near-record...Reuters
Wed, Apr 23
Other
Musk's Neuralink could fetch $8.5 billion valuation, Bloomberg News reports
April 23 (Reuters) - Elon Musk's brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.The company has started preliminary discussions with potential inves...Reuters
Wed, Apr 23
Other
Kering sales drop more than expected in first quarter as Gucci crisis deepens
Gucci sales below expectations, down 25% Store traffic falls in all fashion houses Kering still focused on moving Gucci upmarketBy Mimosa Spencer and Tassilo Hummel PARIS, April 23 - The crisis at Kering's PRTP.PA flagship Gucci label deepened in the first quarter, the company said on Wednesd...Reuters
Wed, Apr 23
Technical Analysis
Gold sinks as risk appetite improves on Trump-Powell calm, China tariff relief hopes
Gold prices plunged more than 2.50% on Wednesday as risk appetite improved due to a possible de-escalation of US-China tensions and US President Donald Trump's statement that he doesn’t plan to fire Federal Reserve (Fed) Chair Jerome Powell.
Fxstreet
Wed, Apr 23
Forex
CANADA FX DEBT-Canadian dollar hits six-day low as hopes of lower tariffs lift greenback
Canadian dollar falls 0.5% against the greenbackTouches its weakest since last Thursday at 1.3904Price of US oil settles down 2.2%Bond yields rise across the curveBy Fergal Smith TORONTO, April 23 (Reuters) - The Canadian dollar weakened to a near one-week low against its U.S. counterpart on Wedn...Reuters
Wed, Apr 23
Other
U.S. could dip into recession on trade war, French central banker says
April 23 (Reuters) - The United States could dip into recession on the fallout from a global trade war but everyone will suffer, including the euro zone, even if to a lesser effect, French central bank chief Francois Villeroy de Galhau said on Wednesday. The U.S. has imposed a raft of tariffs on mos...Reuters
Wed, Apr 23
Stocks
Why Enphase Plunged On A Day When the Markets Surged
Shares of solar inverter leader Enphase Energy (NASDAQ: ENPH) plunged on Tuesday, down 14.2% as of 12:11 PM EDT, which was all the more notable as the Nasdaq Composite was up by a big 2.6% at that time.Enphase not only missed analyst estimates for the quarter, but also guided below estimates for the...The Motley Fool
Wed, Apr 23
Forex
BoE must take trade war risk to growth very seriously, Bailey says
WASHINGTON, April 23 (Reuters) - The Bank of England is taking very seriously the risk to economic growth from the upheaval in global trade, Governor Andrew Bailey said on Wednesday, two weeks before the BoE's next interest rate decision and its latest economic forecasts.Bailey, speaking on the ...Reuters
Wed, Apr 23
Stocks
Why Pony AI Stock Skyrocketed on Wednesday
Shares of Pony AI (NASDAQ: PONY) charged sharply higher on Wednesday, surging as much as 36.8%. As of 11:53 a.m. ET, the stock was still up 26%. The catalyst that propelled the Chinese autonomous mobility specialist higher was news of the company's next-generation robotaxi platform and ambitious pla...The Motley Fool
Wed, Apr 23
Cryptocurrencies
Chinese e-commerce platforms adjust return policy under economic pressure
In a move seen as an intervention, the Chinese government has ended the enforcement of customer refunds by Chinese e-commerce operators. Moving forward, only merchants will have the authority to initiate refunds, thereby giving them more control over transactions with buyers. Previously, e-commerce platforms could initiate refunds without approval from merchants, allowing customers to receive […]Cryptopolitan
Wed, Apr 23
Other
TSMC shows off new tech for stitching together bigger, faster chips
By Stephen Nellis and Max A. Cherney SANT CLARA, California, April 23 (Reuters) - Taiwan Semiconductor Manufacturing Co 2330.TW on Wednesday unveiled technology for making faster chips and putting them together in dinner-plate sized packages that will boost performance needed for artificial intel...Reuters
Wed, Apr 23
Stocks
Tempus AI jumps after multi-year deals with AstraZeneca, Pathos AI
** Shares of genetics testing firm Tempus AI TEM.O up 16.8% to $50.40, nearly one-mth high, on Weds after announcing multi-year collaborations with British drugmaker AstraZeneca AZN.L and Pathos AI** Chicago, Illinois-based co early Weds said will work together to build multimodal foundation model i...Reuters
Wed, Apr 23
Other
Microsoft Announces Gpt-Image-1 Is Now Available On Microsoft Azure Openai Service
April 23 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT: GPT-IMAGE-1 IS NOW AVAILABLE ON MICROSOFT AZURE OPENAI SERVICE - WEBSITEMICROSOFT: GPT-IMAGE-1 AVAILABLE TOMORROW TO O3-MODEL USERS IN ADDITION TO ANY CUSTOMER THAT APPLIES FOR ACCESSReuters
Wed, Apr 23
Other
U.S. RESEARCH ROUNDUP-3M, Intuit, Starbucks
April 23 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. listed companies, including 3M, Intuit and Starbucks on Wednesday. HIGHLIGHTS * 3M Co MMM.N: RBC raises target price to $100 from $98 * Intuit Inc INTU.O: HSBC raises to buy from hold * St...Reuters
Wed, Apr 23
Commodities
Ukraine's Zelenskiy moving in wrong direction on peace talks, White House says
April 23 (Reuters) - U.S. President Donald Trump is frustrated with the pace of talks on ending the war in Ukraine and President Volodymyr Zelenskiy is going in the wrong direction when it comes to negotiations, White House spokesperson Karoline Leavitt said on Wednesday."The president's fru...Reuters
Wed, Apr 23
Other
What to Watch in the Day Ahead - Thursday, April 24
Alphabet, Google's parent company, is expected to report higher first-quarter revenue, driven by continued strength in its cloud services and advertising business. However, growth in both areas is likely to have moderated. Investors will be paying close attention to any remarks on how tariffs mi...Reuters
Wed, Apr 23
Other
German finance minister says it is urgent to reduce tariffs uncertainty
WASHINGTON, April 23 (Reuters) - Reducing uncertainty is urgent for economies and businesses, German Finance Minister Joerg Kukies said on Wednesday, talking about negotiations on trade tariffs with the United States. "The longer we wait for an agreement, the longer we let the uncertainty (in)...Reuters
Wed, Apr 23
Stocks
Why Trump Media Stock Is Soaring Today
Trump Media (NASDAQ: DJT) stock is seeing big gains Wednesday amid an increase in bullish sentiment across the market. The company's share price was up 10.3% as of 2:15 p.m. ET. Meanwhile, the S&P 500 was up 2%, and the Nasdaq Composite had climbed 3.1%.On the heels of big gains yesterday, the stock...The Motley Fool
Wed, Apr 23
Other
Lions Gate Shareholders Approve Breakup Into Two Companies- Bloomberg News
April 23 (Reuters) - Lions Gate Entertainment Corp LGFa.N:LIONS GATE SHAREHOLDERS APPROVE BREAKUP INTO TWO COMPANIES- BLOOMBERG NEWSSource text: [ID:]https://tinyurl.com/yfmz3a2tFurther company coverage: [LGFa.N]Reuters
Wed, Apr 23
