News
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Cryptocurrencies
Bitcoin Mirrors TradFi Amid Surging Correlations With Major Indexes – Details
Bitcoin is currently trading at critical price levels amid heightened macroeconomic uncertainty and escalating global tensions. After a volatile period, BTC staged a notable rebound last week following an announcement by U.S. President Donald Trump declaring a 90-day pause on all tariffs except thos...Bitcoinist
Wed, Apr 16
Cryptocurrencies
Swedish Lawmaker Champions Bitcoin Reserve For Strategic Edge
As the global interest in Bitcoin (BTC) continues to rise, a Swedish lawmaker is advocating for the establishment of a national Bitcoin reserve, mirroring initiatives taken by the United States under President Donald Trump. Sweden Eyes Strategic Bitcoin Reserve Dennis Dioukarev, a Member of the Riks...Bitcoinist
Wed, Apr 16
Cryptocurrencies
Binance Futures Show Dogecoin Traders Are Heavily Long—Too Bullish To Fail?
A fresh snapshot of Binance’s futures market data shows Dogecoin attracting a remarkably bullish stance among traders. According to a chart shared by Ali Martinez (@ali_charts) on X, 72.13% of Binance users with open Dogecoin positions are currently long, leaving only 27.87% on the short side. “72.1...NewsBTC
Wed, Apr 16
Other
REFILE-HW Kaufman leadership lay out ambition to build 'a true global player'
By James ThalerApril 15 - (The Insurer) – HW Kaufman has set its sights on becoming “a true global player,” according to Jodie Kaufman Davis and Paul Greensmith, who detailed the firm’s international expansion plans and the opportunity to capitalize on ongoing disruption in London wholesale.The pair...Reuters
Wed, Apr 16
Other
Mexico's Sheinbaum says country will not renew diplomatic relations with Ecuador
MEXICO CITY, April 16 (Reuters) - Mexican President Claudia Sheinbaum said Wednesday that Mexico would not renew diplomatic relations with Ecuador as long as Ecuadorean President Daniel Noboa remains in office. The rift is a result of Ecuador's raid on the Mexican embassy in Qu...Reuters
Wed, Apr 16
Stocks
Needham upgrades Boston Scientific on easing competition, growth opportunities
Investing.com -- Needham upgraded Boston Scientific Corp (NYSE:BSX) to “Buy”, saying competition from pulsed field ablation (PFA) rivals looks less intense for its key product than it was earlier fearInvesting.com
Wed, Apr 16
Commodities
Russia and China have 'grandiose plans' for space cooperation, Putin says
MOSCOW, April 16 (Reuters) - Russia and China have ambitious plans for space cooperation, Russian President Vladimir Putin said on Wednesday, as reported by the Interfax news agency.According to Putin, many countries are interested in collaborating with Russia, and Moscow remains committed to its pl...Reuters
Wed, Apr 16
Forex
QUOTES-Top Bank of Canada officials speak after central bank holds policy rate steady
TORONTO, April 16 (Reuters) - Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank held its key policy rate steady at 2.75%.MACKLEM ON 2% INFLATION TARGET"Our target is 2% inflation....Reuters
Wed, Apr 16
Other
AI-generated music accounts for 18% of all tracks uploaded to Deezer
April 16 (Reuters) - About 18% of songs uploaded to Deezer DEEZR.PA are fully generated by AI, the French streaming platform said on Wednesday, underscoring the technology's growing use amid copyright risks and concerns about fair payouts to artists.Deezer said more than 20,000 AI-generated trac...Reuters
Wed, Apr 16
Stocks
LIVE MARKETS-That aside, Mrs. Lincoln, how was the play? Wednesday economics
Main US equity indexes red, but off lows; Nasdaq down ~1.8%Fed chair Powell to deliver remarks at 1:30 pm EDT before the Economic Club of ChicagoEuro STOXX 600 index off ~0.6%Dollar down; bitcoin gains; crude up >1.5%; gold up ~2.5%US 10-Year Treasury yield edges up to ~4.33%Welcome to the home f...Reuters
Wed, Apr 16
Other
Meta trial: 5 key moments from Zuckerberg's testimony
By Jody Godoy WASHINGTON, April 16 (Reuters) - Meta Platforms META.O CEO Mark Zuckerberg testified this week at a high-stakes trial in Washington where the U.S. Federal Trade Commission is seeking to unwind Meta's acquisitions of prized assets Instagram and WhatsApp.Here are five key moments ...Reuters
Wed, Apr 16
Economic Indicator
US crude stocks rise despite large increase in exports, EIA data shows
By Stephanie KellyNEW YORK, April 16 (Reuters) - U.S. crude stocks rose last week despite a major increase in exports, while fuel inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million barrels in the week ended April 11, ...Reuters
Wed, Apr 16
Technical Analysis
GBP/USD rises as UK inflation cools, BoE rate cut bets increase
The British Pound advanced during the North American session, posting soft gains of 0.14% against the Greenback as inflation slowed to its weakest level in three months. This adds to pressure on the Bank of England to reduce interest rates.
Fxstreet
Wed, Apr 16
Other
Travelers Q1 Total Revenue $11.81 Billion Versus Ibes Estimate $10.83 Billion
April 16 (Reuters) - Travelers Companies Inc TRV.N:TRAVELERS Q1 CORE EPS $1.91 VERSUS IBES ESTIMATE $0.78TRAVELERS Q1 CATASTROPHE LOSSES OF $2.27 BILLION PRE-TAX, WITH $1.73 BILLION IN CALIFORNIA WILDFIRES LOSSESTRAVELERS Q1 TOTAL REVENUE $11.81 BILLION VERSUS IBES ESTIMATE $10.83 BILLIONTRAVELERS Q...Reuters
Wed, Apr 16
Stocks
Prologis rises after quarterly results beat
** Shares of warehouse-focused REIT Prologis PLD.N up 2% to $100 in morning trade ** PLD beat Wall Street estimates for Q1 revenue and funds from operations (FFO)** Prologis expects FY general and administrative expenses to be between $450 mln and $470 mln, up from $440 mln to $460 mln prior** Co ...Reuters
Wed, Apr 16
Other
Lyft Acquires FreeNow From BMW Group & Mercedes-Benz Mobility For About €175 Million
April 16 (Reuters) - Lyft:LYFT: TO ACQUIRE FREENOW FROM BMW GROUP & MERCEDES-BENZ MOBILITY FOR ABOUT €175 MILLION TO EXPAND IN EUROPELYFT: DEAL FINANCED WITH AVAILABLE CASH ON HAND, EXPECTED TO CLOSE IN H2Reuters
Wed, Apr 16
Other
Woodside Energy Group Says In Discussions With Uniper For Potential LNG Supply
April 16 (Reuters) - Woodside Energy Group Ltd WDS.AX:WOODSIDE ENERGY GROUP LTD - IN DISCUSSIONS WITH UNIPER FOR POTENTIAL LNG SUPPLYWOODSIDE ENERGY - DISCUSSIONS BETWEEN PARTIES ARE ONGOING AND INCOMPLETE AND NO FINAL AGREEMENT HAS BEEN REACHED ON TERMSReuters
Wed, Apr 16
