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US Postal Service seeks to hike stamp prices to 78 cents
WASHINGTON, April 9 (Reuters) - The United States Postal Service said on Wednesday it wants to raise the price of first-class mail stamps to 78 cents from 73 cents effective July 13.The proposal, which must be approved by the Postal Regulatory Commission, would raise mailing services product prices ...Reuters
Wed, Apr 9
Stocks
Why Nvidia Stock Is Skyrocketing Today
Nvidia (NASDAQ: NVDA) stock is soaring in Wednesday's trading. The company's share price was up 14.1% as of 2:10 p.m. ET amid a 7.8% rally for the S&P 500 index and a 10.1% jump for the Nasdaq Composite index.Nvidia's valuation is surging today after President Donald Trump announced a moderation on ...The Motley Fool
Wed, Apr 9
Stocks
U.S. STOCKS ON THE MOVE-Walmart, Ford Motor, Starbucks
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes turned sharply higher on Wednesday after U.S. President Donald Trump said he would pause many of his new tariffs for 90 days. .N At 13:30 EDT, the Dow Jone...Reuters
Wed, Apr 9
Stocks
INSTANT VIEW-Stocks rally on Trump's tariff pause, but uncertainty lingers
NEW YORK, April 9 (Reuters) - Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets. The policy changes also include a lowered overall tariff of 10% during that 90-day ...Reuters
Wed, Apr 9
Other
Traders see just three Fed rate cuts in 2025, starting in June
April 9 (Reuters) - Traders on Wednesday sharply trimmed their bets on Federal Reserve interest-rate cuts after U.S. President Donald Trump said he was further increasing tariffs on China but pausing for 90 days the big tariff increases he had announced last week for most other countries.Traders of ...Reuters
Wed, Apr 9
Other
Volkswagen AG Says Q1 2025 Sales Revenue Up 3% To 78 Billion Euros
April 9 (Reuters) - VOWG.DE VOWG.DE:EQS-ADHOC: VOLKSWAGEN AKTIENGESELLSCHAFT: VOLKSWAGEN AG PUBLISHES PRELIMINARY KEY FIGURES FOR THE FINANCIAL STATEMENTS AS OF MARCH 31, 2025VOLKSWAGEN AG - Q1 2025 OPERATING RESULT 2.8 BILLION EUROSVOLKSWAGEN AG - Q1 2025 SALES REVENUE UP 3% TO 78 BILLION EUROSVOLK...Reuters
Wed, Apr 9
Stocks
CORRECTED-US STOCKS SNAPSHOT-Wall Street jumps after Trump announces 90-day pause on tariffs
April 9 (Reuters) - Wall Street's main indexes turned sharply higher on Wednesday after U.S. President Donald Trump said he would pause many of his new tariffs for 90 days.At 01:26 p.m. the Dow Jones Industrial Average .DJI rose 2,169.93 points, or 5.76%, to 39,801.82, the S&P 500 .SPX gaine...Reuters
Wed, Apr 9
Other
EXPLAINER-Prescription drugs become a target in Trump's trade war
By Maggie Fick LONDON, April 9 (Reuters) - U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients.Trump excluded them from his announcement o...Reuters
Wed, Apr 9
Stocks
US drugmakers rise as Trump announces 90-day pause on reciprocal tariffs
** Shares of some U.S. drugmakers rise after U.S. President Donald Trump says he has authorized a 90-day pause on some of his new tariffs** Shares of Gilead Sciences GILD.O, Eli Lilly LLY.N, Biogen BIIB.O, Pfizer PFE.N and Johnson & JohnsonJNJ.N rise between 1% and 4%** Shares of Amgen AMGN.O, M...Reuters
Wed, Apr 9
Other
Trump tariffs shift shows benefits of EU unity, says German chancellor-designate Merz
BERLIN, April 9 (Reuters) - Friedrich Merz, Germany's likely next chancellor, said U.S. President Donald Trump's pause of tariffs for 90 days was evidence of a united European approach to trade having a positive effect, and called for tariff-free U.S.-EU trade."Europeans are determined t...Reuters
Wed, Apr 9
Stocks
Why Commercial Aerospace Stocks Are Soaring Today
Recent economic uncertainty has now slowed demand for new airplanes. That, coupled with a midday apparent tariff reprieve, has the stocks of commercial aerospace suppliers including Boeing (NYSE: BA), Howmet Aerospace (NYSE: HWM), and GE Aerospace (NYSE: GE) up more than 8% as of 1:30 p.m. ET, and R...The Motley Fool
Wed, Apr 9
Cryptocurrencies
Brace for a bigger stock drawdown, wider credit spreads, and recession – Goldman Sachs
Goldman Sachs is worried that the drop in stock prices will get worse. Goldman Sach’s economists are likely to move their base case to a recession if the tariffs are implemented as President Trump promised. The company’s Dominic Wilson said, “We think there is a high chance that we continue to push toward full recession […]Cryptopolitan
Wed, Apr 9
Stocks
Why Shares of Apple Are Skyrocketing After One of Its Worst 4-Day Stretches in 25 Years
Shares of the consumer tech giant Apple (NASDAQ: AAPL) had blasted over 11% higher, as of 1:55 p.m. ET today, after President Donald Trump announced a 90-day pause on higher tariff rates for most countries and a universal 10% tariff base during the pause, citing progress on negotiations, according t...The Motley Fool
Wed, Apr 9
Stocks
US airline stocks take off after Trump's 90-day tariffs pause
** Shares of airline firms rally on Weds after U.S. President Donald Trump authorizes a 90-day pause as part of his tariff plan** United Airlines UAL.O up 25%, American Airlines AAL.O up 19%, Southwest Airlines LUV.N up 15%, JetBlue JBLU.O up 16%** Delta Air Lines DAL.N shares last up 24%. Co early ...Reuters
Wed, Apr 9
Forex
European insurers brace for ripple effects of US tariffs
Beazley CEO Cox highlights need for quick pricing adjustmentsInsurer solvency robust despite equity market declinesPolitical tensions, market volatility to pressure investment and UW resultsReinsurers and London market most exposed to weaknesses in U.S. dollarNon-life insurers could face lower reven...Reuters
Wed, Apr 9
Other
US Treasury 10-year note auction outcome shows strong demand
US 10-year note priced below rate forecastBid-to-cover was highest since DecemberIndirect bidders, which include foreigners, see record demand Next up: auction of $22 billion in 30-year bondsBy Gertrude Chavez-DreyfussNEW YORK, April 9 (Reuters) - A U.S. Treasury debt auction of $39 billion in bench...Reuters
Wed, Apr 9
Other
France lowers growth outlook as trade war bites
PARIS, April 9 (Reuters) - French Finance Minister Eric Lombard trimmed the government's 2025 growth forecast on Wednesday as a global trade war escalates, but said that the government aimed to stick to its deficit reduction plans.The euro zone's second-biggest economy is now expected to gro...Reuters
Wed, Apr 9
Stocks
US fintechs rise as Trump announces 90-day tariff pause
** Shares of U.S. fintech companies rise, reversing course after President Donald Trump authorized a 90-day pause, effective immediately, as part of his tariff plan ** Upstart Holdings UPST.O up 22.1%, Affirm AFRM.O up 21%, Pagaya Technologies PGY.O and LendingClub LC.N rise 14.1% ** Block X...Reuters
Wed, Apr 9
Stocks
BMO Capital cuts S&P 500 year-end 2025 target to 6,100
NEW YORK, April 9 (Reuters) - BMO Capital on Wednesday cut its year-end 2025 S&P 500 .SPX target by 9% to 6,100 from the prior 6,700, citing the speed and severity of the recent selloff. In a note to clients, chief investment strategist Brian Belski said the drawdown has "certainly surprised...Reuters
Wed, Apr 9
Commodities
US exits carbon talks on shipping, urges others to follow, document says
US says it opposes economic measures against its ships based on GHG emissionsIMO discussions continue despite US withdrawalChina, Brazil oppose flat carbon levy on shippingBy Jonathan Saul, Michelle Nichols and Kate Abnett LONDON, April 9 (Reuters) - The United States has withdrawn from talks in ...Reuters
Wed, Apr 9
