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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
Stocks
MS bullish on defence stock on $1 trillion budget outlook, picks Northrop top pick
Investing.com -- Morgan Stanley upgraded its view on the U.S. defence sector to "Attractive" from "In-line" on expectations of a $1 trillion defence budget in fiscal 2026 and rising international armsInvesting.com
Wed, Apr 16
Stocks
General Dynamics receives FAA, EASA certifications; shares up
** Shares of General Dynamics GD.N up 1% to $280 in afternoon trade** Co says its Gulfstream G800 business jet receives Federal Aviation Administration and European Union Aviation Safety Agency certifications** GD can now start customer deliveries of the jet and enter it into service in the U.S. and...Reuters
Wed, Apr 16
Stocks
Lyft rises on Europe entry plan with $200 million FreeNow acquisition
** Shares of ride-hailing firm Lyft LYFT.O rise 1.6% to $11.1 ** LYFT is buying mobility platform FreeNow from German automotive giants BMW BMWG.DE and Mercedes-Benz MBGn.DE for 175 million euros ($198.40 million) to expand into European ride-hailing market** Deal will nearly double company's po...Reuters
Wed, Apr 16
Commodities
GRAINS-Soybeans rise on weaker dollar; tariff threats priced in
Soy, wheat rise on weaker dollarCorn ticks up on weather risksBy Heather SchlitzCHICAGO, April 16 (Reuters) - Chicago soybean futures gained strength from a weaker dollar and signs that China would be open to trade negotiations with the U.S. on Wednesday, though strong supply from South America and ...Reuters
Wed, Apr 16
Other
US sues Maine over Trump executive order on transgender athletes
Maine faces federal funding cuts for schools, lunch programs over the issueMaine governor says suit shows 'a federal government bent on imposing its will'Maine says Title IX law does not prohibit transgender girls in women's sportsBy Sarah N. Lynch WASHINGTON, April 16 (Reuters) - ...Reuters
Wed, Apr 16
Other
CORRECTED-When Canadian hockey and politics collide even democracy is happy to shift its schedule
Leaders' debate rescheduled to avoid clash with Canadiens playoff gameDecision reflects Canadians' passion for hockey, says Radio-CanadaCarney and Poilievre face off in first election without TrudeauApril 16 (Reuters) - In a country where hockey is sacrosanct, Canadian politics has made a ta...Reuters
Wed, Apr 16
Other
Gym chain EoS Fitness explores $1 billion sale, sources say
By Abigail Summerville NEW YORK, April 16 (Reuters) - EoS Fitness is exploring a sale that could value the fast-growing gym chain at around $1 billion, including debt, according to people familiar with the matter. The company, which is owned by private equity firm BRS & Co, is working with in...Reuters
Wed, Apr 16
Stocks
GLOBAL MARKETS-Shares skid as Nvidia hurt by US chip-sale curbs, gold hits record
Tech shares hit as US curbs chip sales to ChinaNvidia slumps 7% European and Asian stocks fall Gold climbs 3%, dollar slides and safe-havens jumpOil up nearly 2%By Lawrence Delevingne and Harry Robertson BOSTON/LONDON, April 16 (Reuters) - Global shares fell on Wednesday, with gold trading at rec...Reuters
Wed, Apr 16
