News
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Stocks
Nasdaq Bear Market: Could Buying Nvidia Today Set You Up for Life?
With the Nasdaq Composite in bear market territory, many stocks look like absolute bargains compared to their previous values. One of those stocks is Nvidia (NASDAQ: NVDA), which has been practically the No. 1 stock to own in the market since 2023.With the stock down around 35% from its all-time hig...The Motley Fool
Fri, Apr 11
Economic Indicator
Fed should 'lean against' persistent tariff-driven inflation, Musalem says
April 11 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said on Friday he's closely watching whether a rise in short-term inflation expectations seeps into longer-term expectations, a development that could make fighting inflation a much harder job and reduce the U.S. central ba...Reuters
Fri, Apr 11
Other
Denmark inches towards ratifying US defence deal despite Greenland dispute
Danish parliament holds first reading on 2023 dealTensions over Trump's demand to take over GreenlandMajority still expected to ratify defence accordBy Isabelle Yr Carlsson and Stine Jacobsen COPENHAGEN, April 11 (Reuters) - Denmark's parliament on Friday took an important step towards ra...Reuters
Fri, Apr 11
Forex
Brazil, Chinese officials talk bilateral trade, tariff challenges
BRASILIA, April 11 (Reuters) - Brazilian Vice President Geraldo Alckmin held a video call on Friday with Chinese Commerce Minister Wang Wentao to discuss trade opportunities, Alckmin's office said.The two agreed that multilateralism must be defended in the face of tariff challenges, as well as t...Reuters
Fri, Apr 11
Cryptocurrencies
Best Presales to Benefit from Trump’s IRS Broker Rule Reversal
The IRS revised its definition of a broker last year to include decentralized cryptocurrency exchanges (DEX). However, Trump has now signed a new law that will overturn this change, thereby exempting DEXs from IRS regulations. Keep reading to understand its implications, how it’s yet another p...NewsBTC
Fri, Apr 11
Commodities
US energy secretary says we can stop Iran's oil exports
US aims to halt Iran's oil exports amid nuclear tensionsIranian oil exports remain stable despite US pressureWright predicts oil supply, demand growth under Trump's policiesBy Yousef Saba ABU DHABI, April 11 (Reuters) - U.S. Energy Secretary Chris Wright said on Friday that the United Sta...Reuters
Fri, Apr 11
Stocks
Prediction: MercadoLibre Stock Will Beat the Market. Here's Why.
It's been quite a week for the stock market. Although it reached down into bear territory, it has also proven resilient at certain moments. There have been wild swings, and by the time this is published, it could again look a whole lot different.The S&P 500 is the standard market index, but it only ...The Motley Fool
Fri, Apr 11
Commodities
China's rare earth exports grind to a halt as trade war controls bite
By Lewis Jackson BEIJING, April 11 (Reuters) - Shipments of seven rare earths placed on an export control list last week by Beijing have ground to halt, three sources said, raising the risk of shortages overseas as Chinese exporters begin the long, uncertain wait for government licenses.Shipments...Reuters
Fri, Apr 11
Stocks
Evercore calls Verizon top wireless pick on fiber, valuation as it upgrades stock
Investing.com -- Verizon Communications was upgraded to “Outperform” by Evercore ISI, which named it its top pick in the wireless sector, citing improving subscriber trends, fiber growth potential, anInvesting.com
Fri, Apr 11
Stocks
Newmont surges: UBS turns bullish, hikes gold price forecasts
** Shares of gold miner Newmont Corp NEM.N up 7.5% at $54.75 and on track for fifth straight session of gains on Fri** With move on the session, NEM shares up ~24% on the week, pacing their best week since 1998** Consistent with past major macro shocks (GFC and Covid), gold and gold stocks were init...Reuters
Fri, Apr 11
Other
BlackRock CEO Larry Fink Says U.S. Is Very Close To, If Not In A Recession - CNBC Interview
April 11 (Reuters) - BLACKROCK CEO LARRY FINK SAYS WE'RE VERY CLOSE, IF NOT IN A RECESSION - CNBC INTERVIEWBLACKROCK CEO LARRY FINK SAYS THIS IS NOT A PANDEMIC, THIS IS NOT A FINANCIAL CRISIS, THIS IS SOMETHING THAT WE'VE CREATEDBLACKROCK CEO LARRY FINK SAYS WE DO NEED A TRADING AGREEMENT WI...Reuters
Fri, Apr 11
Stocks
BofA lifts American Express to Buy on recession resiliency, attractive valuation
Investing.com -- Bank of America (NYSE:BAC) (BofA) upgraded American Express (NYSE:AXP) shares to Buy from Neutral on Friday, noting that the latest market downturn “offers long-term oriented inveInvesting.com
Fri, Apr 11
Other
Thousands of children subject to sexual violence in eastern Congo, UNICEF says
GENEVA, April 11 (Reuters) - Children including toddlers represent more than a third of victims in nearly 10,000 cases of rape and other forms of sexual violence committed in eastern Congo in the first two months of the year, the U.N. children's agency said on Friday.M23 rebels seized parts of e...Reuters
Fri, Apr 11
Other
Irish regulator investigates X over use of EU personal data to train Grok AI
Irish Data Protection Commission is lead EU regulator for XIt can levy fines of up to 4% of global turnoverTrump, Musk have harshly criticized EU tech regulators DUBLIN, April 11 (Reuters) - Ireland's data regulator on Friday said it had opened an investigation into social media platform X o...Reuters
Fri, Apr 11
Stocks
EXCLUSIVE-China has considered opening its $520 billion ETF market to Western market makers, sources say
China wants to improve trading efficiency and lower costs, sources say Citadel Securities, Jane Street and Optiver may be the first to benefit, sources say Trade war with U.S. could delay official green light from Beijing, sources sayBy Selena Li HONG KONG, April 11 (Reuters) - China has been lo...Reuters
Fri, Apr 11
Economic Indicator
TREASURIES-10-year yields head for biggest weekly increase since 2001
10-year yields face largest weekly increases since 2001Thirty-year yields heading for biggest weekly gain since 1982Traders remain cautious after volatile week By Karen Brettell April 11 (Reuters) - Benchmark 10-year Treasury yields rose on Friday and were on track for their biggest weekly increa...Reuters
Fri, Apr 11
Stocks
Chipmakers with US-based manufacturing slump on higher tariff exposure
** Shares of chipmakers with U.S.-based manufacturing facilities fall after Chinese Semiconductor Industry Association's notice on "retaliatory" tariffs makes cos liable for higher levies** Analog chipmakers Texas Instruments TXN.O down 8.2% to $143.87 and Analog Devices ADI.O falls 4.3%...Reuters
Fri, Apr 11
