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Stocks
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Thu, Apr 10
Other
Pakistan to seek fresh bids for national airline, says adviser
By Ariba Shahid ISLAMABAD, April 10 (Reuters) - The Pakistani government will seek fresh expressions of interest for the sale of Pakistan International Airlines PIAHa.PSX later this month, a government adviser said on Thursday, two days after PIA reported its first annual profit in over two decad...Reuters
Thu, Apr 10
Economic Indicator
Traders add to bets on Fed rate cuts after soft inflation data
April 10 (Reuters) - Traders on Thursday bet the U.S. Federal Reserve will resume cutting interest rates in June and probably deliver a full percentage point of reductions to its policy rate by the end of the year. after data showed inflation last month was softer than economists had expected. Befor...Reuters
Thu, Apr 10
Economic Indicator
US weekly jobless claims rise marginally
WASHINGTON, April 10 (Reuters) - The number of Americans filing new applications for unemployment benefits rose slightly last week and could trend higher as companies navigate President Donald Trump's tariffs on imports. Initial claims for state unemployment benefits increased 4,000 to a seasona...Reuters
Thu, Apr 10
Other
Republican-controlled US House to try again on Trump tax cuts bill
By Bo Erickson and Richard Cowan WASHINGTON, April 10 (Reuters) - The Republican-controlled U.S. House of Representatives will try again on Thursday to pass a measure to move forward on extending President Donald Trump's tax cuts, following a delay caused by party hardliners concerned the mea...Reuters
Thu, Apr 10
Forex
US: Initial Jobless Claims increased to 223K last week
US citizens filing new applications for unemployment insurance ticked a tad higher to 223K for the week ending April 5, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and was higher than the previous week's unrevised tally of 219K.Fxstreet
Thu, Apr 10
Stocks
Capri jumps after Prada's $1.4 billion deal for Versace
** Shares of Michael Kors-parent Capri Holdings CPRI.N jump 4.7% to $17.12 premarket ** Prada 1913.F says it will buy Versace from Capri in a deal valuing the iconic brand at $1.38 billion** Versace will become a subsidiary upon closing of the deal, the Italian fashion house says ** Transaction is ...Reuters
Thu, Apr 10
Stocks
NORTH AMERICAN MANUFACTURERS REPORT SHARP PULLBACK DUE TO TARIFFS, WHILE ASIAN SUPPLIERS RUN AT FULL TILT: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
In March, global supply chains spare capacity increased to highest level since May 2020, the height of the COVID-19 pandemic, indicating rapidly worsening conditions for global manufacturers Factories in the U.S., Mexico and Canada retrenched sharply in March due to tariffs, with purchasing activi...PR Newswire
Thu, Apr 10
Economic Indicator
Russia plans to soften capital controls on new investments
MOSCOW, April 10 (Reuters) - Russia is planning to soften capital controls on new foreign investments, a senior finance ministry official said on Thursday, opening the door for companies - including Western ones - looking to return to the Russian market.Russia banned foreign companies from withdrawi...Reuters
Thu, Apr 10
Stocks
US STOCKS SNAPSHOT-U.S. stock futures pare losses after March inflation reading
April 10 (Reuters) - U.S. stock index futures pared their early losses on Thursday after a cooler-than-expected inflation reading bolstered expectations that the Federal Reserve would remain on track to cut interest rates this year. A Commerce Department report showed the consumer price index rose 2...Reuters
Thu, Apr 10
Other
Nuburu Announces Unwinding Of $2 Mln Partnership With Humbl Effective Immediately
April 10 (Reuters) - NUBURU Inc BURU.A:ANNOUNCES UNWINDING OF PARTNERSHIP WITH HUMBL, INC.ANNOUNCES UNWINDING OF $2 MILLION PARTNERSHIP WITH HUMBL EFFECTIVE IMMEDIATELYTO FOCUS ON DEFENSE AND SECURITY SECTORSReuters
Thu, Apr 10
Cryptocurrencies
Dogecoin Long From Here? Possible 300% Extension Could Be Profit-Making Opportunity
Dogecoin dropped by more than 50% after hitting $0.5 leading up to the Donald Trump inauguration. Despite expectations of recovery, the meme coin continued to dip, breaking below major supports like $0.15. However, this could be a unique opportunity for crypto traders, with times like this often cre...Bitcoinist
Thu, Apr 10
