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Nissan US chief says tariffs will hammer lower-income car shoppers
By Nora Eckert and Kalea Hall DETROIT, April 16 (Reuters) - The chairman of Nissan Americas, Christian Meunier, said on Wednesday he is concerned that tariffs may drive already eye-popping vehicle prices even higher.“Cars are becoming completely unaffordable,” Meunier told Reuters. "It's ...Reuters
Wed, Apr 16
Other
World Bank's Banga urges developing nations to lower tariffs, focus on regional trade
World Bank expects slower global growth than 2.7% forecast in JanuaryBanga urges countries to focus on trade negotiationsCountries should address regulatory hurdles to attract investment, he saysBy Andrea Shalal WASHINGTON, April 16 (Reuters) - World Bank President Ajay Banga urged developing cou...Reuters
Wed, Apr 16
Commodities
US Cash Grains-Corn, soy basis flat-higher; rain expected to slow plantings
CHICAGO, April 16 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to stronger at grain elevators and processing facilities in the Midwest on Wednesday.* Farmers who are planting the crops face delays from rains that are forecast to hit areas of the Midwest and Plains in the comi...Reuters
Wed, Apr 16
Commodities
California sues Trump administration to block tariffs
By Brendan Pierson April 16 (Reuters) - California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.Trump imposed 10% tariffs on go...Reuters
Wed, Apr 16
Stocks
Citizens Financial falls after lower Q1 profit
** Citizens Financial's CFG.N shares down 1.1% at $35.72** CFG reports a fall in Q1 profit, hurt by lower interest income** Citizens reports Q1 adjusted earnings per share of 77 cents, compared with 79 cents per share a year ago** CFG's Q1 net interest income falls $1.39 bln from $1.44 bln a...Reuters
Wed, Apr 16
Other
Sailing-SailGP announces 2026 venues across five continents
SailGP unveils 2026 venues across five continentsChampionship to expand with two new teams in 2026By Ossian ShineLONDON, April 16 - From Perth's sun-drenched waters to Abu Dhabi's glittering finale, SailGP's high-powered catamarans will fly across five continents in 2026, with the champi...Reuters
Wed, Apr 16
Commodities
EU wheat hits new lows as Algerian tender and euro weigh
PARIS/HAMBURG, April 16 - European wheat hit new contract lows on Wednesday after traders reported that French wheat had not been accepted in a tender by Algeria, confirming France's difficulties in selling to what was once its largest export market.A new rise in the euro against the dollar also...Reuters
Wed, Apr 16
Other
At United Nations, China to blast US for bullying, trade war
By Michelle Nichols UNITED NATIONS, April 16 (Reuters) - China will next week convene an informal United Nations Security Council meeting to accuse the United States of bullying and "casting a shadow over the global efforts for peace and development" by weaponizing tariffs.The move comes ...Reuters
Wed, Apr 16
Indices
Dow Jones slides as Nvidia, AMD tumble on chip tariffs; Powell speech eyed
The Dow Jones Industrial Average (DJIA) registers minuscule losses in the mid-North American session as semiconductor-linked companies like Nvidia and AMD got hit by tariffs imposed by United States (US) President Donald Trump. The DJIA is down 0.46% above 40,100 for the second consecutive day.Fxstreet
Wed, Apr 16
Economic Indicator
Fed's Hammack: Time for hold steady while taking in new data
Fed's Hammack sees 'strong case' for steady policy amid uncertaintyFed's Hammack said economy beset by uncertainty right nowHammack sees difficult conditions for Fed policymaking By Michael S. DerbyApril 16 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on ...Reuters
Wed, Apr 16
Stocks
Why ConocoPhillips Oil Stock Popped Today
Shares of ConocoPhillips (NYSE: COP) dipped on Tuesday after TheFly.com reported multiple bank analysts forecasting lower price targets for the oil major in light of an ongoing trade war and recent declines in oil prices. On Wednesday, however, Conoco stock perked back up, rising a modest 2.3%, and ...The Motley Fool
Wed, Apr 16
Stocks
LIVE MARKETS-US IPO market under a tariff cloud
Main U.S. indexes red; Nasdaq off most, down >2%Fed chair Powell remarks expected at 1:30 p.m. EDTTech weakest S&P 500 sector; Energy leads gainersDollar down; bitcoin gains >1%; crude up ~2%; gold up ~3%US 10-Year Treasury yield edges down to ~4.31% Welcome to the home for real-time cover...Reuters
Wed, Apr 16
Cryptocurrencies
Strive Escalates Bitcoin Blitz, Targets $165 Billion Intuit Next
Strive Asset Management’s latest push to persuade major corporations to allocate portions of their balance sheet to Bitcoin has landed at the doorstep of Intuit, the $165 billion fintech firm behind TurboTax, Mailchimp, and other prominent software solutions. The effort follows Strive’s earlier succ...Bitcoinist
Wed, Apr 16
Cryptocurrencies
Could 1,000 XRP Buy You Happiness? This Analyst Thinks So
Some cryptocurrency enthusiasts are making eye-catching predictions about XRP. They suggest that buying just 1,000 tokens could set investors up for life by the end of this decade. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets Online Influencers Push Optimistic XRP...NewsBTC
Wed, Apr 16
Stocks
Omnicom down after Q1 revenue miss, MoffettNathanson cuts PT
** Shares of advertising and marketing firm Omnicom Group OMC.N down 5.1% after missing Q1 revenue estimates** OMC posts Q1 revenue of $3.69 bln compared with analysts' estimates of $3.72 bln, according to data compiled by LSEG ** Brokerage MoffettNathanson reduces PT to $85 from $92; reiterates...Reuters
Wed, Apr 16
