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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
Stocks
Air France cuts economy fares to boost transatlantic travel, CEO tells Bloomberg News
April 9 (Reuters) - Air France-KLM AIRF.PA is slashing prices to maintain full economy cabins on its transatlantic flights as the airline faces weakening demand for international travel, the European carrier's top boss told Bloomberg News on Wednesday.The company is noticing a "slight softne...Reuters
Wed, Apr 9
Other
Some lawyers split with their firms over response to Trump's attacks
By Sara Merken April 9 (Reuters) - As most major law firms stay silent on U.S. President Donald Trump's executive orders targeting the legal industry, some of the firms' lawyers are pushing back on their own.More than 330 partners from the largest U.S. firms by revenue joined an online ef...Reuters
Wed, Apr 9
Other
PIMCO's Ivascyn says US bond market selloff has been orderly
NEW YORK, April 9 (Reuters) - A sharp selloff in U.S Treasuries this week has remained orderly despite continued uncertainty stemming from the U.S. administration's trade policies, said Dan Ivascyn, group chief investment officer at U.S. bond giant PIMCO.Speaking to Reuters in an interview, he s...Reuters
Wed, Apr 9
Stocks
US asset managers rise as Trump announces 90-day reciprocal tariffs pause
** Shares of U.S. asset managers rise, reversing course after President Donald Trump said on Wednesday he authorized a 90-day pause on "reciprocal tariffs," effective immediately** KKR KKR.N up 11.4%, Apollo APO.N up 11%, Janus Henderson JHG.N up 9.2%, Blackstone BX.N up 8.9%** Invesco IVZ.N...Reuters
Wed, Apr 9
Other
Nike, Footlocker jump after Trump hits 90-day pause on tariffs, excluding China
** Shares of U.S. footwear retailers rise in afternoon trade** President Donald Trump authorizes 90-day pause on reciprocal tariffs, but raises tariffs on China to 125%, effective immediately** Tariffs on Asian countries were expected to hit margins for footwear companies, which moved production fro...Reuters
Wed, Apr 9
Other
BREAKINGVIEWS-Walmart’s happy face is hard to reflect back
By Jennifer Saba NEW YORK, April 9 (Reuters Breakingviews) - Walmart WMT.N CEO Doug McMillon is smiling, improbably, like the company’s yellow happy-face symbol. The $700 billion retailer clung to its annual financial forecasts despite rising U.S. tariffs and recession risks. The sheer number of...Reuters
Wed, Apr 9
Commodities
Zelenskiy says this week's talks on minerals deal with US to focus on technical aspects
KYIV, April 9 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that this week's meeting in the United States to discuss the minerals deal would focus on technical aspects and foundations of future agreement. Zelenskiy told reporters that the minerals deal with the U.S. sho...Reuters
Wed, Apr 9
Other
CANADA RESEARCH ROUNDUP-First Quantum Minerals, Lundin Mining, Sandstorm Gold
April 9 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including First Quantum Minerals, Lundin Mining and Sandstorm Gold on Wednesday.HIGHLIGHTS * Canadian Natural ResourcesCNQ.TO: Raymond James ups to outperform from market perform* First Q...Reuters
Wed, Apr 9
Other
Olympics-IOC boosts women's soccer teams to 16 for LA 2028 Games, men's teams down to 12
LAUSANNE, Switzerland, April 9 (Reuters) - The Los Angeles 2028 Olympics will feature an increase in women's soccer teams from 12 to 16, while the men's competition will be downsized from 16 to a dozen teams, the International Olympic Committee said on Wednesday.The decision was part of a nu...Reuters
Wed, Apr 9
Other
Joseph Rallo's EF Hutton returns to Wall Street
April 9 (Reuters) - EF Hutton said on Wednesday it is making a comeback to Wall Street, reviving one of the most prominent brands in the brokerage industry.It will be led by CEO Joseph Rallo, who, along with former business partner David Boral, had previously resurrected the brand in 2021.Rallo and ...Reuters
Wed, Apr 9
Other
Trump raises tariffs on China to 125%, introduces 90-day pause for others
Investing.com -- U.S. President Donald Trump has announced a significant increase in tariffs on Chinese goods, raising the rate to 125% with immediate effect. The announcement was made via a post on TInvesting.com
Wed, Apr 9
