News
Important Only
Commodities
GRAINS-Soy surges 2%; corn, wheat rally after Trump pauses most tariffs
By Renee Hickman and Julie Ingwersen CHICAGO, April 9 (Reuters) - U.S. soybean futures soared by 2% on Wednesday while corn and wheat closed higher, rallying along with crude oil CLc1 and equity markets after U.S. President Donald Trump said he would pause the tariff increases he anno...Reuters
Wed, Apr 9
Stocks
Gold miners rise as bullion heads for best day since October 2023
** Shares of gold miners rise, tracking prices of bullion, which pared earlier gains but was still set for its best day since October 2023 GOL/ ** Spot gold XAU= up 3.4% at $3,085.50/ounce, helped by safe-haven inflows amid escalating U.S.-China trade tensions as U.S. President Donald Trump further ...Reuters
Wed, Apr 9
Stocks
Major US insurers jump as Trump announces 90-day tariff pause
** Shares of U.S. insurers jump after President Donald Trump says he has authorized a 90-day tariff pause for many countries, effective immediately** MetLife MET.N jumps 8.3%, Prudential Financial PRU.N rises 8.16%, Travelers TRV.N up 4.2% and American International Group AIG.N up 6.6%** Trump, howe...Reuters
Wed, Apr 9
Cryptocurrencies
Ethereum May Be Headed To $1,200 – Can ETH Make A Comeback? Analysts Explain
Ethereum (ETH) has plunged 30% over the past two weeks, reflecting broader weakness across the crypto market as the global economy reels from escalating tariff wars. Crypto analyst Ali Martinez warns that ETH could fall even further in the near term, potentially testing the $1,200 level. More Pain F...NewsBTC
Wed, Apr 9
Commodities
CBOT soybeans rally on news of tariff pause
CHICAGO, April 9 (Reuters) - Chicago Board of Trade soybean futures traded near flat, then shot higher near the end of the session on Wednesday as U.S. President Donald Trump announced a 90-day pause on the tariff increases he announced last week for most countries, even as he raised them on China.C...Reuters
Wed, Apr 9
Stocks
PRECIOUS-Gold rises, eyes best day since October 2023 as tariff war heats up
Trump announces 90-day pause on new tariffsU.S. to impose 125% tariffs on ChinaMarch Fed minutes show broad sense of higher inflationSpot gold up more than $400 this yearBy Brijesh Patel April 9 (Reuters) - Gold climbed more than 2% on Wednesday and was poised for its best day since October 2...Reuters
Wed, Apr 9
Other
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
