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WTO warns Donald Trump’s tariffs will have ‘severe downside risks’ on global trade
The World Trade Organization (WTO) has released a new forecast on the global outlook for trade, warning that the tariffs rolled out by the President Donald Trump administration have deteriorated global trade, and it warned that global trade volumes could shrink even further if suspended tariffs are reinstated. In its report, trade in goods is […]Cryptopolitan
Wed, Apr 16
Other
California attorney general declines to join Musk's lawsuit against OpenAI
OpenAI is seeking to transition its corporate structure Musk is suing to prevent the change and wanted the California AG's office to join the lawsuitAttorney General's office declined, said it does not see how Musk's action serves state's public interest By Anna Tong SAN FRANCISCO...Reuters
Wed, Apr 16
Other
Trump officials could face criminal contempt over deportations, judge says
Judge Boasberg finds 'probable cause' for criminal contempt over Venezuelan deportationsHe cites willful disregard for court order halting deportationsAdministration given deadline to comply with court order or face prosecutionBy Luc Cohen, Andrew Goudsward and Tom Hals WASHINGTON, April ...Reuters
Wed, Apr 16
Other
US officials target undocumented immigrants using Medicare data
April 16 (Reuters) - U.S. immigration officials and the U.S. Department of Government Efficiency (DOGE) are seeking to use a sensitive Medicare database as part of their crackdown on undocumented immigrants, The Washington Post reported on Wednesday.The database, managed by the Centers for Medicare ...Reuters
Wed, Apr 16
Other
REFILE-Intel will need license to export AI chips to Chinese clients, FT reports
April 16 (Reuters) - American chipmaker Intel INTC.O has informed Chinese clients it will start needing a license to sell some of its advanced artificial intelligence processors, the Financial Times reported on Wednesday.The news comes a day after Nvidia NVDA.O warned of a $5.5 billion hit as Washin...Reuters
Wed, Apr 16
Other
EXCLUSIVE-Nvidia kept some China customers in the dark about new US chip clampdown, sources say
Company told of new US export licensing rules on April 9Nvidia did not make a public announcement until TuesdayHuawei could benefit from Chinese customers seeking alternatives - analystsNvidia says it adheres to U.S. export lawsBy Fanny Potkin and Liam Mo SINGAPORE, April 16 (Reuters) - Nvidia NV...Reuters
Wed, Apr 16
Stocks
Great Southern Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary
Great Southern Bancorp Inc GSBC.OQ reported quarterly adjusted earnings of $1.47 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of three analysts for the quarter was for earnings of $1.27 per share. Wa...Reuters
Wed, Apr 16
Forex
EUR/USD flat lines near 1.1400 ahead of ECB rate decision
The EUR/USD pair trades on a flat note near 1.1400 during the early Asian session on Thursday. The markets remain cautious as traders wait to see if US President Donald Trump’s administration reaches new trading agreements with partners.
Fxstreet
Wed, Apr 16
Stocks
Liberty Energy Inc reports results for the quarter ended March 31 - Earnings Summary
Liberty Energy Inc LBRT.N reported quarterly adjusted earnings of 12 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 4 cents per share. W...Reuters
Wed, Apr 16
Other
EXCLUSIVE-US consumer safety agency to stop collecting swaths of data after CDC cuts
Data on injuries from car accidents, alcohol and other incidents will no longer be collectedThe change, coming Friday, stems from CDC staff cutsData informs safety standards and public policyBy Leah Douglas April 16 (Reuters) - The U.S. consumer product safety agency will stop collecting data on ...Reuters
Wed, Apr 16
Other
Trump waved off planned Israeli strike on Iranian nuclear sites, New York Times reports
WASHINGTON, April 16 (Reuters) - U.S. President Donald Trump waved off a planned Israeli strike on Iranian nuclear sites in favor of negotiating a deal with Iran to limit its nuclear program, the New York Times reported on Wednesday, citing administration officials and others.Reuters
Wed, Apr 16
Other
US appeals judge's ruling that it likely violated order on Venezuela deportations
NEW YORK, April 16 (Reuters) - The U.S. Justice Department on Wednesday appealed a federal judge's ruling that the Trump administration could face contempt charges for violating a court order to halt deportations of alleged members of a Venezuelan gang.Reuters
Wed, Apr 16
Other
Court Grants Final Order To Converge Approving Acquisition By H.I.G. Capital
April 16 (Reuters) - Converge Technology Solutions Corp CTS.TO:COURT GRANTS FINAL ORDER TO CONVERGE APPROVING ACQUISITION BY H.I.G. CAPITALCONVERGE TECHNOLOGY SOLUTIONS CORP - COURT GRANTS FINAL ORDER APPROVING CONVERGE ACQUISITION BY H.I.G. CAPITALReuters
Wed, Apr 16
Other
US IRS planning to rescind Harvard's tax-exempt status amid Trump feud, CNN reports
IRS plans to rescind Harvard's tax-exempt status, CNN reportsTrump threatens Harvard over academic program demandsIRS and Treasury did not comment on report April 16 (Reuters) - The U.S. Internal Revenue Service is making plans to rescind the tax-exempt status of Harvard University, CNN repor...Reuters
Wed, Apr 16
