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Commodities
US Treasury Secretary Bessent: The US is ready to get Iran's energy exports to zero
The US Treasury Secretary Scott Bessent posted in X.com that the Trump administration will apply maximum pressure on Iran to disrupt the regime’s oil supply chain and exports, due to the country’s supporting terrorist proxies and partners.
Fxstreet
Wed, Apr 16
Other
Harley-Davidson faces board fight from H Partners amid calls for CEO to exit soon
April 16 (Reuters) - Investment firm H Partners has urged Harley-Davidson's HOG.N shareholders to remove three directors from the board, including its CEO, holding them responsible for the company's declining sales and falling stock price.H Partners, the iconic American brand's second-la...Reuters
Wed, Apr 16
Economic Indicator
WRAPUP 3-Pre-tariffs buying fuels US retail sales, weakness lies ahead
Retail sales increase 1.4% in MarchMotor vehicle sales lead broad rise in salesCore retail sales gain 0.4%; February sales revised upManufacturing output rises 0.3%; grows at 5.1% rate in Q1By Lucia Mutikani WASHINGTON, April 16 (Reuters) - U.S. retail sales increased by the most in more than two...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
Cryptocurrencies
Powell says the Fed is ready to provide dollar liquidity to foreign central banks through swap lines
Federal Reserve Chair Jerome Powell warned on Wednesday in Chicago that the U.S. central bank could be forced into a situation where it has to make tough, possibly painful decisions. The warning came as the Federal Reserve tries to deal with economic pressure coming from President Donald Trump’s escalating trade war. Powell added that the […]Cryptopolitan
Wed, Apr 16
Other
NEWSMAKER-Who is James Boasberg, the judge threatening Trump officials with contempt charges?
Judge found Trump administration defied order pausing deportationsTrump has called for judge's impeachmentBoasberg has a history with national security, political casesBy Andrew Goudsward WASHINGTON, April 16 (Reuters) - The U.S. judge threatening to begin criminal contempt action against Don...Reuters
Wed, Apr 16
Other
US proposes looser interpretation of law that protects threatened species
April 16 (Reuters) - The Trump administration on Wednesday proposed a major change to how threatened species are considered in agency actions by removing regulatory language that seeks to prevent their habitats from being degraded.The move was aligned with President Donald Trump's pledge to unwi...Reuters
Wed, Apr 16
Other
BREAKINGVIEWS-Tariffs gone wild yield unbridled earnings outlook
By Jennifer Saba NEW YORK, April 16 (Reuters Breakingviews) - For corporate bean counters, foolish consistency may prove the hobgoblin of little minds. President Donald Trump’s on-again-off-again, tit-for-tat tariff agenda is causing havoc in the C-suite as companies struggle to both evaluate an...Reuters
Wed, Apr 16
Other
The Shareholder Commons Urges Mcdonald's Shareholders To Vote “Against” Board Chair Chris Kempczinski
April 16 (Reuters) - The Shareholder Commons Inc:THE SHAREHOLDER COMMONS, INC URGES MCDONALD'S SHAREHOLDERS TO VOTE “AGAINST” BOARD CHAIR CHRIS KEMPCZINSKI AT AGM - SEC FILINGSource text: [ID:n0001214659-25-006002]Reuters
Wed, Apr 16
Stocks
Spruce Biosciences Inc reports results for the quarter ended December 31 - Earnings Summary
Spruce Biosciences Inc SPRB.OQ reported a quarterly adjusted loss of 57 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -24 cents. The mean expectation of five analysts for the quarter was for a loss of 21 cents per share....Reuters
Wed, Apr 16
Forex
FOREX-Dollar resumes fall as investors wait on trade talks
Yen climbs into U.S.-Japan trade talksSwiss franc continues to post gains on dollar Fed's Powell says U.S. growth appears to be slowingBy Karen Brettell NEW YORK, April 16 (Reuters) - The dollar resumed its fall on Wednesday with both safe-havens and risk-sensitive currencies outperforming th...Reuters
Wed, Apr 16
Other
Unions, groups launch pro bono legal network for federal employees
By Daniel Wiessner April 16 (Reuters) - A coalition of labor unions and left-leaning groups on Wednesday announced an initiative aimed at providing free legal advice to federal employees who lose their jobs or believe their legal rights were violated amid the Trump administration's purge of t...Reuters
Wed, Apr 16
Commodities
CBOT wheat rises on weather risks to spring wheat crop
CHICAGO, April 16 (Reuters) - Chicago Board of Trade wheat futures ticked higher on Wednesday on support from a weaker dollar and excess rain for the spring wheat crop in the U.S. Midwest.CBOT May soft red winter wheat WK25 settled up 5-3/4 cents to $5.47-3/4 per bushel.K.C. May hard red winter whea...Reuters
Wed, Apr 16
Stocks
PREVIEW: UnitedHealth seen posting rise in qtrly rev; results due before the bell Thurs
** Shares of UnitedHealth Group UNH.N are up about 0.5% in afternoon trading Wed, with the health insurer seen posting a rise in Q1 rev and EPS when it reports results before the bell Thurs** At the same time, the broader market was down sharply in following declines in chipmakers and comments by Fe...Reuters
Wed, Apr 16
Economic Indicator
Tesla registrations slump 15% in EV-loving California
Tesla loses majority EV market share in CaliforniaBacklash against Musk's politics impacts Tesla's imageCalifornia's EV sales rise 7.3% despite Tesla's declineBy Akash Sriram April 16 (Reuters) - Californians further soured on Tesla TSLA.O in the first quarter, pulling down the el...Reuters
Wed, Apr 16
Other
OpenAI in talks to buy Windsurf for about $3 billion, Bloomberg News reports
April 16 (Reuters) - OpenAI is in discussions to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The deal would be OpenAI's largest to date, the terms of which have not yet been fin...Reuters
Wed, Apr 16
Commodities
World Bank's Banga doubles down on intent to end ban loans for nuclear power projects
Trump administration pushing for energy agnostic lendingBanga has championed shift since taking office in June 2023US is largest single shareholder, with 15.83%By Andrea Shalal WASHINGTON, April 16 (Reuters) - World Bank President Ajay Banga on Wednesday doubled down on his push to revamp the ban...Reuters
Wed, Apr 16
Commodities
Siemens Energy posts highest margin since spin-off after strong Q2
Posts forecast-beating second quarter resultsRaises outlook for margin, sales, free cash flowFrankfurt-listed shares up 2.2%By Christoph SteitzFRANKFURT, April 16 (Reuters) - Siemens Energy ENR1n.DE on Wednesday posted its best profit margin since being spun off from Siemens nearly five years ago, c...Reuters
Wed, Apr 16
Stocks
Fed's Powell says markets orderly, downplays intervention risk
By Michael S. DerbyApril 16 (Reuters) - Federal Reserve Chair Jerome Powell suggested on Wednesday that hopes the central bank will step in to tamp down on market volatility are likely misplaced. Asked if the Fed would intervene to counter sharp declines in the stock market, Powell said "I'm...Reuters
Wed, Apr 16
