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Britain will continue to negotiate trade deal with US amid 90-day tariff pause
LONDON, April 9 (Reuters) - Britain will "coolly and calmly" continue to negotiate with the United States on a trade deal after President Donald Trump announced on Wednesday a 90-day pause on tariffs, a Downing Street spokesperson said."A trade war is in nobody's interest. We don’t w...Reuters
Wed, Apr 9
Commodities
Oil jumps 4% after Trump pauses tariffs on many countries, raises China levy
Trump authorizes 90-day pause on tariffs for most countries, raises China tariff rate to 125% China imposes additional tariffs on US goodsUS crude oil stockpiles rose last week, EIA saysBy Nicole Jao NEW YORK, April 9 (Reuters) - Oil prices climbed more than 4% on Wednesday, bouncing back from fo...Reuters
Wed, Apr 9
Stocks
Why Cal-Maine Foods Shares Were Volatile Today
Cal-Maine Foods (NASDAQ: CALM), the nation's largest egg producer, missed on earnings but announced an agreement to acquire breakfast food manufacturer Echo Lake Foods. Investors weren't sure what to make of it all. In a volatile day for broader markets, shares of Cal-Maine fell 8% at the open, soar...The Motley Fool
Wed, Apr 9
Other
US Senate confirms ex-CIA officer Johnson as ambassador to Mexico
WASHINGTON, April 9 (Reuters) - The U.S. Senate on Wednesday confirmed Ronald Johnson, a former CIA officer and ambassador to El Salvador, as ambassador to Mexico, amid ties strained by President Donald Trump's tariff policy and talk he might send in troops to fight drug cartels.The Senate voted...Reuters
Wed, Apr 9
Other
TREASURIES-10-year yields pare gains after strong auction, tariff delay
Strong demand at 10-year Treasury note auctionTraders pare back rate cut bets after tariff pauseTreasury to sell $22 billion in 30-year bonds on ThursdayBy Karen Brettell NEW YORK, April 9 (Reuters) - Benchmark 10-year Treasury yields pared an earlier rise on Wednesday after the U.S. Treasury Dep...Reuters
Wed, Apr 9
Cryptocurrencies
White & Case loses bid for $430K fee in Terraform Labs bankruptcy
Law firm was not formally retained by Terraform's creditorsJudge rejected the fees, but said he was "not faulting anybody" White & Case worked for less than two weeks on the caseBy Dietrich Knauth NEW YORK, April 9 (Reuters) - A U.S. bankruptcy judge on Wednesday rejected White &...Reuters
Wed, Apr 9
Commodities
World Bank investment arm commits $300 million loan to Pakistan's Reko Diq mining project
April 9 (Reuters) - The World Bank's private investment arm, International Finance Corporation, will provide $300 million in debt financing for Pakistan's Reko Diq copper-gold mining project, an IFC disclosure said on Wednesday.Reuters
Wed, Apr 9
Cryptocurrencies
Federal Reserve will need emergency QE if Treasury yields sustain surge above 5%
The Federal Reserve will need to launch emergency quantitative easing if Treasury yields keep climbing above 5%, Deutsche Bank said Wednesday, after the 30-year yield briefly hit 5.02%—the highest since November 2023. That spike came as investors dumped long-term US debt, reacting to Donald Trump’s trade tariffs and rising fears that US assets are no […]Cryptopolitan
Wed, Apr 9
Other
Soccer-Man United have to be careful with Mainoo's return, says Amorim
April 9 (Reuters) - Manchester United will have to carefully manage midfielder Kobbie Mainoo's return from a muscle injury after he participated in training ahead of Thursday's Europa League quarter-final at Olympique Lyonnais, manager Ruben Amorim said.The 19-year-old England international ...Reuters
Wed, Apr 9
Other
US State Dept OKs $1 bln in medium range air-to-air missiles to Australia
WASHINGTON, April 9 (Reuters) - The U.S. Department of State has approved the possible sale of advanced medium range air-to-air missiles to Australia for an estimated $1.04 billion, the Pentagon said on Wednesday.The principal contractor is RTX Corporation.Reuters
Wed, Apr 9
Other
US lawmakers move to block IMF Central Africa support over oil fund dispute
Bill could hold up IMF proposals for CEMAC countriesCentral Africa nations trying to bolster low foreign reservesOil funds estimated at up to $10 billionBy Bate Felix and Wendell Roelf DAKAR, April 9 (Reuters) - U.S. lawmakers have introduced legislation that could block International Monetary Fu...Reuters
Wed, Apr 9
Indices
Dow Jones Industrial Average rockets higher on tariff suspension
The Dow Jones Industrial Average (DJIA) skyrocketed on Wednesday, climbing over 2,200 points and reclaiming the 40,000 major price handle after the Trump administration announced it would once again pivot away from most of its recent tariff threats.Fxstreet
Wed, Apr 9
Other
Anthropic intensifies AI competition with $200 plan for Claude models
April 9 (Reuters) - Amazon-backed AMZN.O artificial intelligence startup Anthropic on Wednesday introduced a $200 plan for its Claude chatbot customers who use its generative AI models extensively.WHY IT'S IMPORTANT The OpenAI competitor's move underscores generative AI companies' race t...Reuters
Wed, Apr 9
Stocks
Why Tesla Stock Is Skyrocketing Today
Tesla (NASDAQ: TSLA) stock is soaring today amid a big rebound rally for the broader market. The company's share price was up 18.5% as of 3 p.m. ET. Meanwhile, the S&P 500 index was up 7.2%, and the Nasdaq Composite index was up 9.7%.The stock market is surging today after President Donald Trump ann...The Motley Fool
Wed, Apr 9
Economic Indicator
Italy says it opposes the CEO of STMicro
ROME, April 9 (Reuters) - The Italian government opposes the CEO of STMicroelectronics STMPA.PA, the economy minister said on Wednesday, as the Franco-Italian chipmaker faces a sustained downturn in its key automotive and industrial markets. "The behavior of the Italian shareholder will ...Reuters
Wed, Apr 9
Cryptocurrencies
Bitcoin, crypto prices pump as Trump pauses tariffs for 90 days
Bitcoin (BTC) and several top cryptocurrencies rallied on Wednesday after President Donald Trump announced the United States (US) would pause its reciprocal tariff on 75 countries following their failure to retaliate and the opening of negotiations with key government agencies.
Economic Indicator
Italy says budget deficit won't rise despite crumbling growth
Italy slashes 2025 GDP growth forecast to 0.6%Cuts 2026 growth to 0.8% Says outlook could improve as Trump suspends tariffsHolds budget deficit at 3.3% this year, 2.8% nextBy Giuseppe Fonte and Gavin JonesROME, April 9 (Reuters) - - Italy on Wednesday committed to keeping its budget deficit in check...Reuters
Wed, Apr 9
Stocks
Why Defense Stocks Are Rocketing Higher
Positive tariff news and some industry-specific speculation concerning future business helped light a rocket under defense stocks, sending the entire sector up.AeroVironment (NASDAQ: AVAV) shares led the way up 14%, and shares of Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), and Science...The Motley Fool
Wed, Apr 9
