News
Important Only
Economic Indicator
US tariffs could shave up to half a percentage point off India GDP, says finance secretary
WASHINGTON, April 23 (Reuters) - The direct hit from tariffs introduced by Donald Trump's administration on India could shave off between 0.2-0.5 percentage points from GDP growth, the country's Finance Secretary Ajay Seth said on Wednesday. "Now there is a sign of that...we grow about 6...Reuters
Wed, Apr 23
Cryptocurrencies
PayPal offers 3.7% yield on its PYUSD stablecoin to boost adoption
PayPal is offering a 3.7% annual yield on its PYUSD stablecoin to get more people using it, after falling behind in a space already dominated by other players. The rewards will go live this summer for PayPal and Venmo users in the U.S., Bloomberg reported on Wednesday. People who hold PYUSD in their wallets will […]Cryptopolitan
Wed, Apr 23
Commodities
China lunar chief accuses US of interfering in joint space programmes with other nations
China accuses US of hindering space cooperation with EuropeILRS has 17 members, versus US Artemis Accords' 50 signatoriesChina-Russia cooperation strong, plan moon-based nuclear reactorBy Eduardo Baptista SHANGHAI, April 23 (Reuters) - The chief designer of China's lunar exploration progr...Reuters
Wed, Apr 23
Stocks
Why Tempus AI Stock Is Skyrocketing Today
Shares of Tempus AI (NASDAQ: TEM) were skyrocketing 16.5% higher as of 10:39 a.m. ET on Wednesday. The big gain came after the healthcare artificial intelligence (AI) company announced a multiyear partnership with AstraZeneca and Pathos AI to build a multimodal foundation model for cancer drug disco...The Motley Fool
Wed, Apr 23
Technical Analysis
GBP/USD slips beneath 1.3300 as USD gains on Powell relief and trade optimism
The Pound Sterling depreciated against the Greenback on Wednesday yet slightly recovered after diving to four-day lows of 1.3230. Traders seemed relieved that US President Donald Trump, although angry with Fed Chair Powell, is not looking to sack him.
Fxstreet
Wed, Apr 23
Forex
FOREX-Dollar rebounds as White House seeks to ease tensions over Fed, China trade
Dollar steadies against most currencies on China trade reportsTrump backs away from threat to fire Fed's PowellOptimism around trade deals soothe investor worries By Hannah Lang and Yadarisa Shabong April 23 (Reuters) - The U.S. dollar staged a tentative rebound against its major peers on Wed...Reuters
Wed, Apr 23
Economic Indicator
US new home sales jump in March; supply still rising
WASHINGTON, April 23 (Reuters) - Sales of new U.S. single-family homes increased more than expected in March as buyers rushed to take advantage of a decline in mortgage rates, but a gloomy economic outlook poses a challenge to the housing market recovery. New home sales jumped 7.4% to a seasonally a...Reuters
Wed, Apr 23
Stocks
CANADA STOCKS-Tech shares boost TSX after Trump says won't fire Fed chair Powell
By Ragini Mathur April 23 (Reuters) - Canada's main stock index rose on Wednesday, with technology shares leading the charge, as investors welcomed U.S. President Donald Trump's assurance that he would not fire Federal Reserve Chairman Jerome Powell.The Toronto Stock Exchange's S&...Reuters
Wed, Apr 23
Other
Rental insurtech Steadily secures $30 million in Series C
By Isha MaratheApril 23 - (The Insurer) - Texas-based rental insurtech Steadily has secured $30 million in a Series C led by Two Sigma Ventures, at a valuation of $355 million.The latest round brings Steadily's total funding to $89.5 million. In July 2023, Steadily raised $28.5 million in a Ser...Reuters
Wed, Apr 23
Economic Indicator
Decrease in Canada-US travel and overseas arrivals in February 2025
Investing.com -- According to Statistics Canada, travel between Canada and other countries, including the United States, saw a decrease in February 2025. The number of trips made by US residents to CaInvesting.com
Wed, Apr 23
Other
RPT-Vatican says may extend time for visiting Pope's body due to high number of pilgrims
VATICAN CITY, April 23 (Reuters) - The Vatican may extend the timeframe for pilgrims to visit Pope Francis' body in St. Peter's Basilica until beyond midnight in Rome (22:00 GMT) due to the large number of visitors, it said in a statement on Wednesday.Francis, who died at age 88 on Monday, i...Reuters
Wed, Apr 23
Other
Vatican says may extend time for visiting Pope's body due to high number of pilgrims
VATICAN CITY, April 23 (Reuters) - The Vatican may extend the timeframe for pilgrims to visit Pope Francis' body in St. Peter's Basilica until beyond midnight in Rome (22:00 GMT) due to the large number of visitors, it said in a statement on Wednesday.Francis, who died at age 88 on Monday, i...Reuters
Wed, Apr 23
Other
TREASURIES-Relief rally pushes long-term yields down after Trump's pivot on Fed, tariffs
Washington signals potential easing in trade war with ChinaTrump steps back from threats to remove Fed bossFriendlier tariff outcome could give Fed more room to cut ratesBy Davide Barbuscia NEW YORK, April 23 (Reuters) - U.S. Treasury yields declined on Wednesday after the U.S. administration sig...Reuters
Wed, Apr 23
Stocks
South African rand weaker after drop in inflation
JOHANNESBURG, April 23 (Reuters) - The South African rand was weaker on Wednesday after data showed local inflation fell to a five-year low in March. At 1416 GMT, the rand traded at 18.6375 against the dollar ZAR=D3, about 0.2% weaker than Tuesday's close.Trade in the rand has been highly v...Reuters
Wed, Apr 23
Economic Indicator
US crude stocks rise, gasoline and distillate inventories fall - EIA
NEW YORK, April 23 (Reuters) - U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts&...Reuters
Wed, Apr 23
Economic Indicator
US Treasury's Bessent urges IMF, World Bank to refocus on core missions
WASHINGTON, April 23 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday called on the International Monetary Fund and World Bank to refocus on their core missions of macroeconomic stability and development, arguing that they have strayed too far into vanity projects such as climate chang...Reuters
Wed, Apr 23
Commodities
US House to vote on Republican bid to repeal California EV rules
By David Shepardson WASHINGTON, April 23 (Reuters) - The U.S. House of Representatives plans to vote next week on a Republican plan to repeal the Biden administration's approval of California's landmark plan to end the sale of gasoline-only vehicles by 2035.House Majority Leader Steve...Reuters
Wed, Apr 23
Economic Indicator
US: How much revenue can tariffs bring? – Standard Chartered
Tariff revenue won't compensate for the fiscal costs of TCJA extensions. Added tariff revenues will be below 1% of GDP – most likely 0.5-0.9% of GDP. Unfunded tax cuts could put further upward pressure on US rates, Standard Chartered's analysts report.Fxstreet
Wed, Apr 23
Stocks
CME Group Inc reports results for the quarter ended March 31 - Earnings Summary
CME Group Inc CME.OQ reported quarterly adjusted earnings of $2.80 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.50. The mean expectation of fifteen analysts for the quarter was for earnings of $2.81 per share. Wall Street ex...Reuters
Wed, Apr 23
