News
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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
Other
Slovakia tightens rules for non-profits in move they see as inspired by Russia
By Jan Lopatka April 16 (Reuters) - The Slovak parliament approved a law on Wednesday tightening reporting and other requirements for non-governmental organisations, changes those organisations called "Russian law" in which the government was settling scores with critics from the civil se...Reuters
Wed, Apr 16
Commodities
Spotify says is back up after outage affecting thousands of users globally
April 16 (Reuters) - Music streaming platform Spotify SPOT.N said its services were back online after thousands of users worldwide experienced disruptions on Wednesday.The outage began around 8:45 a.m. ET and led to nearly 49,000 incidents being reported at its peak about an hour later, according to...Reuters
Wed, Apr 16
Other
General Dynamics says G800 jet receives FAA, EASA certifications
April 16 (Reuters) - General Dynamics GD.N said on Wednesday its Gulfstream G800 jet has received certifications from the Federal Aviation Administration and the European Union Aviation Safety Agency. The company had said in January it expected FAA certification for the jet in the first half of 2025...Reuters
Wed, Apr 16
Stocks
Energy shares drive FTSE 100 gains as inflation eases
Bunzl lowers 2025 operating margin forecastOxford Instruments rises on annual profit outlookUK inflation slows to 2.6% in March from February's 2.8%FTSE 100 gains 0.3%, FTSE 250 flat April 16 (Reuters) - Energy shares led Britain's benchmark stock index higher on Wednesday, as a softer-th...Reuters
Wed, Apr 16
Other
Fed's Hammack says steady rate policy is 'active choice'
By Michael S. DerbyApril 16 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Wednesday steady monetary policy right now does not represent a passive state of affairs for the central bank in an uncertain environment. Not changing policy is an “active choice” in the current en...Reuters
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
Cryptocurrencies
Germany, Europe’s largest economy, prepares to issue stimulus checks this month
Germany is launching stimulus checks this month, backed by a sweeping financial package that rewrites old spending laws and dumps hundreds of billions of euros into tech, manufacturing, energy, and transport.Cryptopolitan
Wed, Apr 16
Forex
CANADA FX DEBT-Canadian dollar rallies as BoC pauses interest rate cuts
Canadian dollar rises 0.6% against the greenbackBank of Canada holds policy rate at 2.75%Investors see 50% chance of June rate cut10-year yield rebounds from eight-day lowBy Fergal Smith TORONTO, April 16 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Wednesday as th...Reuters
Wed, Apr 16
