News
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Stocks
President Donald Trump Is Playing a Game of Chicken With the Federal Reserve. Who Will Blink First?
President Donald Trump has not been shy about his desire for the Federal Reserve to lower interest rates. Lower rates have historically been good for stocks; they make the cost of borrowing cheaper, which would help the country's future debt issuances, and they would also lower mortgage rates, assis...The Motley Fool
Wed, Apr 9
Stocks
REFILE-INSTANT VIEW-U.S. Treasury auction allays concern about selloff
NEW YORK, April 9 (Reuters) - U.S. Treasuries, the bedrock of the global financial system, were hit by fresh selling pressure earlier Wednesday, in a sign that investors were dumping their safest assets after the U.S. roiled markets by introducing sweeping trade tariffs.MARKET REACTION:TREASURIES: U...Reuters
Wed, Apr 9
Economic Indicator
WTO says trade between US, China could decrease by as much as 80%
April 9 (Reuters) - The World Trade Organization on Wednesday estimated the U.S.- China trade tensions could cut the trade of goods between two economies by as much as 80%."This tit-for-tat approach between the world’s two largest economies, which together account for roughly 3% of global trade,...Reuters
Wed, Apr 9
Stocks
US automakers rise after Trump's 90-day pause on tariffs
** U.S. automakers' shares rise after President Donald Trump announces 90-day pause on tariffs** GM GM.N up ~6%, Ford F.N up ~5.7%** Trump said on Wednesday he authorized a 90-day pause as part of his tariff plan but was raising the tariff rate for China to 125%, effective immediately** YTD, GM ...Reuters
Wed, Apr 9
Other
WeightWatchers prepares for bankruptcy, WSJ reports
April 9 (Reuters) - WeightWatchers WW.O is preparing to file for bankruptcy in the coming months as part of a plan to hand control of the business to its creditors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.Reuters
Wed, Apr 9
Other
Trump-appointed judge cleared of wrongdoing over Columbia law clerk boycott
By Nate Raymond April 9 (Reuters) - A federal judicial panel has dismissed a misconduct complaint against one of the 13 judges who last year signed a letter announcing they would boycott hiring law clerks from Columbia University in response to its handling of pro-Palestinian student demonstratio...Reuters
Wed, Apr 9
Other
TREASURIES-Yields pare gains after strong 10-year auction
Bond liquidations send yields sharply higherVolumes surge in overnight tradingStrong demand at 10-year Treasury note auctionBy Karen Brettell NEW YORK, April 9 (Reuters) - Benchmark 10-year Treasury yields pared gains after the Treasury saw strong demand for a $39 billion sale of the notes on...Reuters
Wed, Apr 9
Stocks
INSTANT VIEW-U.S. Treasury auction allays concern about selloff
NEW YORK, April 9 (Reuters) - U.S. Treasuries, the bedrock of the global financial system, were hit by fresh selling pressure earlier Wednesday, in a sign that investors were dumping their safest assets after the U.S. roiled markets by introducing sweeping trade tariffs.MARKET REACTION:TREASURIES: U...Reuters
Wed, Apr 9
Other
EXCLUSIVE-Kash Patel removed as acting ATF director, replaced by Army Secretary, sources say
By Sarah N. Lynch, Idrees Ali and Phil StewartWASHINGTON, April 9 (Reuters) - FBI Director Kash Patel was removed as the Acting Director of the Bureau of Alcohol, Tobacco, Firearms and Explosives and replaced by U.S. Army Secretary Daniel Driscoll, seven people familiar with the matter said on Wedne...Reuters
Wed, Apr 9
Other
Traders slash bets on May Fed rate cut after Trump's tariff pause
April 9 (Reuters) - Traders on Wednesday sharply trimmed their earlier bets on a May start to Federal Reserve rate cuts after U.S. President Donald Trump said on Truth Social he was further increasing tariffs on China but pausing for 90 days the big tariff increases he had announced last week for mo...Reuters
Wed, Apr 9
Other
Delta Air Lines pulls financial forecast, saying Trump tariffs hit demand
Delta sees sharp volatility in Q2 revenueBookings for domestic travel have softenedCompany slashes capacity growth plansCEO says airline will defer aircraft deliveries to avoid tariffsBy Rajesh Kumar Singh CHICAGO, April 9 (Reuters) - Delta Air Lines DAL.N pulled its financial forecast for 2025 a...Reuters
Wed, Apr 9
Indices
Dow Jones Industrial Average rockets 6% higher on tariff suspension
The Dow Jones Industrial Average (DJIA) skyrocketed on Wednesday, surging over 6% on the day and returning to the 40,000 handle after the Trump administration announced yet another pivot on its own tariff policies.Fxstreet
Wed, Apr 9
Other
MercadoLibre to spend $2.6 billion in Argentina, up from last year
BUENOS AIRES, April 9 (Reuters) - Latin American e-commerce company MercadoLibre plans to spend $2.6 billion in Argentina this year, the company said on Wednesday.The funds - a 53% boost from the year before - will go toward logistics, marketing and technology, MercadoLibre said in a statement. The ...Reuters
Wed, Apr 9
