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Zoom down for thousands of users, Downdetector shows
April 16 (Reuters) - Video-conferencing platform Zoom Communications ZM.O services were down for thousands of users on Wednesday, according to outage tracking website Downdetector.com. Users reported interruptions accessing the Zoom web portal, as well as the application. Some users also reported...Reuters
Wed, Apr 16
Stocks
Why Progressive Stock Was Topping the Market Today
In late-session trading Wednesday, investors were collectively see-sawing on their reaction to Progressive's (NYSE: PGR) first-quarter earnings release. That was understandable, as the company convincingly beat the consensus analyst for revenue, but posted weaker-than-expected net income.That indeci...The Motley Fool
Wed, Apr 16
Stocks
EMERGING MARKETS-Latam FX advances as dollar falls; investors weigh trade tensions
Latam stocks down 0.3%Mexico sends diplomatic memo to US on border collaborationU.S. imposes restrictions on chip exports to China Argentina loosens FX restrictions for non-residentsBy Pranav Kashyap and Johann M Cherian April 16 (Reuters) - Currencies of most resources-rich Latin American countr...Reuters
Wed, Apr 16
Stocks
LIVE MARKETS-US stocks crumble with weak chips, Powell quips
Main U.S. indexes end red; Nasdaq off most, down 3.1%Tech, off 3.9%, weakest S&P 500 sector; Energy sole gainerDollar slides; bitcoin gains; crude up >2%; gold up >3%US 10-Year Treasury yield falls to ~4.28% Welcome to the home for real-time coverage of markets brought to you by Reuters re...Reuters
Wed, Apr 16
Stocks
Pipeline operator Kinder Morgan misses first-quarter profit estimates
April 16 (Reuters) - Kinder Morgan KMI.N narrowly missed Wall Street expectations for first-quarter profit on Wednesday after the U.S. pipeline and terminal operator was hurt by weakness in its products pipelines segment.The Houston, Texas-based firm posted an adjusted profit of 34 cents per share f...Reuters
Wed, Apr 16
Stocks
Why Lucid Motors Stock Sank Today
Luxury electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) launched its fully electric Gravity SUV to the public last year and began accepting registrations from interested customers. It officially introduced the initial 2026 Grand Touring edition yesterday.A company executive also announced that...The Motley Fool
Wed, Apr 16
Other
US State Department closing office aimed at countering foreign disinformation
Rubio accuses office of censorship, wasting taxpayer moneyGEC faced criticism from some Republicans, support from DemocratsAction comes amid unprecedented push to shrink the U.S. federal governmentBy Daphne Psaledakis WASHINGTON, April 16 (Reuters) - U.S. Secretary of State Marco Rubio said on We...Reuters
Wed, Apr 16
Other
Deals of the day-Mergers and acquisitions
April 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Wednesday:** Italy-based robotic company Comau signed a binding agreement to acquire full control of Automha, an Italian firm operating in the logistic automation sector, from current owner Tras...Reuters
Wed, Apr 16
Stocks
1 Emerging Risk to Solana That Could Be Devastating for Holders
Solana (CRYPTO: SOL) holders are no stranger to risk, given the coin's wild volatility and its occasional use by unsavory characters. With such a risky profile to begin with, investors need to be on the lookout for new threats emerging that might make its balance of risk to reward somewhat less favo...The Motley Fool
Wed, Apr 16
Other
urban-gro Inc expected to post a loss of 20 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on April 18 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 3.4% decrease in revenue to $18.197 million from $18.84 million a year ago, ac...Reuters
Wed, Apr 16
Economic Indicator
INSTANT VIEW-Powell says Fed to stay on hold until clarity on tariff impact
April 16 (Reuters) - U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday.For now, he said in r...Reuters
Wed, Apr 16
Stocks
US STOCKS-Wall Street ends sharply lower; Nvidia drops, Powell says growth appears to be slowing
Powell says economy slowing in Q1, can wait for greater clarity Chip stocks down sharply; investors weigh tariff outlookBy Caroline Valetkevitch NEW YORK, April 16 (Reuters) - U.S. stocks ended sharply lower on Wednesday as Nvidia warned about steep charges from new U.S. curbs on its chip exports...Reuters
Wed, Apr 16
Economic Indicator
Mexican Peso rallies as USD/MXN falls below 20.00 on cautious Powell statements
The Mexican Peso continues to appreciate against the US Dollar as market appetite remains sour, while Fed Chair Jerome Powell emphasized that he remains slightly focused on inflation as the economy is near maximum employment. At the time of writing, the USD/MXN trades at 19.96, down 0.58%.
Fxstreet
Wed, Apr 16
Cryptocurrencies
Bitcoin Price Breakout: Why $85,700 Is The Most Important Level
Crypto analyst Titan of Crypto has predicted that a Bitcoin price breakout could happen soon. The analyst also revealed why $85,700 is the most critical level as the leading crypto tries to break out to the upside. Why $85,700 Is Important As Bitcoin Price Eyes Breakout In an X post, Titan of Crypto...Bitcoinist
Wed, Apr 16
Cryptocurrencies
Three Reasons Why Ruvi AI (RUVI) Outshines Dogecoin (DOGE) in 2025
Dogecoin, once a fun token, still gets attention in the crypto space. Its meme heritage and community driven rise to fame has made it a cultural icon. But new projects are emerging that offer real world benefits and real investment potential. Enter Ruvi AI (RUVI), the blockchain based AI innovator that will reshape industries and […]Cryptopolitan
Wed, Apr 16
Cryptocurrencies
Solana Price Prediction: This New DeFi Altcoin Is Like Buying SOL Below $1, Experts Claim
The anticipated price highlight of Solana blockchain reaching $400 by 2025 increases market talk while the newly debuted DeFi platform Mutuum Finance (MUTM) strives to win popularity. Mutuum Finance (MUTM) exists at $0.025 in its fourth presale phase while attracting 8,300 holders who have brought $6.8 million. The market demand for tokens has reached an […]Cryptopolitan
Wed, Apr 16
Economic Indicator
Foreign holdings of US Treasuries rise in February
By Alden BentleyApril 16 (Reuters) - Foreign holdings of U.S. Treasuries rose 3.4% in February, data from the Treasury Department showed on Wednesday, with the two largest owners, Japan and China, each building up their U.S. debt holdings.Total overseas holdings of U.S. Treasuries amounted to $8.817...Reuters
Wed, Apr 16
Forex
COLUMN-US Big Tech swaps 'safe haven' sheen for trade war target: McGeever
By Jamie McGeeverORLANDO, Florida, April 16 (Reuters) - Treasuries are not the only 'safe haven' U.S. asset getting the cold shoulder as investors around the world rethink their enthusiasm for all things America. The shadow over 'Big Tech' is darkening and lengthening too.In recent w...Reuters
Wed, Apr 16
