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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levy on shippingBy Jonathan Saul, Michelle Nichols and Kate Abnett LONDON, April 9 (Reuters) - The United States has withdrawn from talks in ...Reuters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
Other
Golf-Augusta National not planning Masters exemption category for LIV Golf
By Frank Pingue AUGUSTA, Georgia, April 9 (Reuters) - Players who compete on the Saudi-backed LIV Golf circuit should not expect to see a special exemption that would give them a direct pathway into the Masters anytime soon, Augusta National Golf Club Chairman Fred Ridley said on Wednesday.The U...Reuters
Wed, Apr 9
Stocks
Stocks rally on Trump tariff pause after market rout
NEW YORK, April 9 (Reuters) - Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs he announced last week. The policy changes also include a lowered overall tariff of 10% during that 90-day period, and increase on tariffs on Chinese imports to 125%, from the 104% ...Reuters
Wed, Apr 9
Cryptocurrencies
Trump front-ran his own tariff pause news with “buy now” post—stocks add $4 trillion
President Donald Trump posted, “THIS IS A GREAT TIME TO BUY!!! DJT” on Truth Social four hours ago. At the time, no one outside his team knew what was coming. Then, minutes ago, he dropped a second post announcing that the United States would immediately raise its tariff on China to 125%. The post also […]Cryptopolitan
Wed, Apr 9
Cryptocurrencies
Why Isn’t XRP Skyrocketing? Expert Explains The Hidden Forces
XRP prices dipped below $2 for the first time since December 2024 on Monday, even after a number of positive developments for the cryptocurrency. The decline is surprising to many investors who had hoped recent good news would send its value higher. Market analyst Vincent Van Code attributes this un...NewsBTC
Wed, Apr 9
Other
Fed minutes show some debate over balance sheet runoff slowdown
By Michael S. Derby April 9 (Reuters) - The Federal Reserve’s decision to dramatically slow the pace of its balance sheet drawdown last month was supported by nearly all participants at the two-day meeting, but several participants did not see a compelling case for such a move, according to m...Reuters
Wed, Apr 9
Cryptocurrencies
XRP Market Value Shake-Up: Total Realized Cap Dives Down Amid Choppy Price Action
With the significant bearish pressure that has struck XRP, its market dynamics have shifted toward a negative outlook, causing several key metrics to plummet. One of the crucial metrics that has recently declined from higher levels is the Total Realized Capitalization by Age. Overall XRP Realized Ca...Bitcoinist
Wed, Apr 9
