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US House looks to move forward on Trump tax cuts in face of Republican disagreements
Big tax cuts seen creating big rise in federal debtSpeaker Johnson sees historic opportunity to advance economyDemocratic leader Aguilar calls Republican budget a "death blow" By Richard Cowan WASHINGTON, April 9 (Reuters) - The U.S. House of Representatives aims to move forward on Wednes...Reuters
Wed, Apr 9
Other
CORRECTED-Google launches new Ironwood chip to speed AI applications
By Max A. CherneySAN FRANCISCO, April 9 (Reuters) - Alphabet's GOOGL.O on Wednesday unveiled its seventh-generation artificial intelligence chip named Ironwood, which the company said is designed to speed the performance of AI applications.The Ironwood processor is geared toward the type of data...Reuters
Wed, Apr 9
Stocks
Canada's Roots rises after strong Q4 results
** Shares of Toronto-listed outdoor apparel company Roots up 5.50% at C$2.3** Co's Q4 sales rise 2.4% to C$110.8 million ($78.28 million)** Reports Q4 adj. income of C$0.40 per share vs C$0.36 a year ago** “Combined with a healthy inventory composition, we are well set-up to build on our moment...Reuters
Wed, Apr 9
Stocks
4 Ways You Can Navigate the Stock Market Crash
With the S&P 500 (SNPINDEX: ^GSPC) ending last week down more than 10% in two days, the stock market experienced its first crash since March 2020, when the COVID-19 pandemic began to escalate. The culprit this time was the U.S. enacting punitive tariffs against much of the rest of the world and an e...The Motley Fool
Wed, Apr 9
Other
Merz: my message to Trump is Germany is back on track
BERLIN, April 9 (Reuters) - The key message for U.S. President Donald Trump is that Germany is back, said chancellor designate Friedrich Merz on Wednesday after his conservatives and the Social Democrats unveiled their coalition agreement. "Germany will fulfil the obligations in terms of defence...Reuters
Wed, Apr 9
Other
BREAKINGVIEWS-US defense giants will be outflanked by trade war
By Gabriel Rubin WASHINGTON, April 9 (Reuters Breakingviews) - Conflicts in the 20th century made U.S. defense companies the armorers to the world. The trade war waged by President Donald Trump threatens to diminish their status. Shock tariffs compound schisms with allies over Ukraine, Greenland ...Reuters
Wed, Apr 9
Commodities
French wine and spirits lobby welcomes EU countermeasures, but says difficulties remain
PARIS, April 9 (Reuters) - The French wine and spirits lobby FEVS said on Wednesday that countermeasures announced by the EU earlier on Wednesday against U.S. tariffs avoided escalating tensions in its sector, but added that difficulties remained unresolved with the United States.FEVS said it was pl...Reuters
Wed, Apr 9
Other
Captive platform Luzern Risk raises $12 million in Caffeinated Capital-led series A
By Mia MacGregorApril 9 - (The Insurer) - New York-based Luzern Risk, formerly XN Captive, has raised $12 million in a Series A investment from Caffeinated Capital to support the launch of its digital captive insurance platform focused on the middle market.Founded in 2023, Luzern Risk aims to make c...Reuters
Wed, Apr 9
Stocks
Gold miners rise on US-China trade war, weak dollar
** Shares of gold miners rise, tracking prices of bullion GOL/ ** Spot gold XAU= up 2.2% at $3,048.19/ounce** Prices rose after Beijing's announcement of more duties on U.S. goods and a weak dollar ** Shares of top miners Newmont NEM.N and Barrick Gold ABX.TO up 3.9% and 2.8%, respectively** S...Reuters
Wed, Apr 9
Other
MGA Helix launches Irvine-led professional lines program
By Isha MaratheApril 9 - (The Insurer) - Bermuda MGA Helix Underwriting has launched a professional lines program backed by Somers Re with a maximum line size of $10 million.The new program will be led by Matt Irvine, who joined Helix as chief underwriting officer, professional lines from Axa XL in...Reuters
Wed, Apr 9
Economic Indicator
AUD/USD soars to near 0.6050 amid significant weakness in US Dollar
The AUD/USD rallies to near 0.6050 during North American trading hours on Wednesday. The Aussie pair strengthens as the US Dollar (USD) slides sharply amid fears that deteriorating trade relations between the United States (US) and China could push the economy into a recession.
Fxstreet
Wed, Apr 9
Stocks
Eli Lilly CEO David Ricks Just Delivered Terrible News to Investors: Should You Sell the Stock?
As everyone who follows equity markets knows, stocks are feeling the heat from President Donald Trump's macroeconomic policies. On April 3, the president announced sweeping tariffs on goods imported into the U.S. from basically every country on planet Earth.Some industries have escaped these moves b...The Motley Fool
Wed, Apr 9
Stocks
LIVE MARKETS-The bear can wait: Wall Street starts green as bargain shoppers emerge
Major stock indexes green; Nasdaq up >1%Tech leads S&P sector gainers; Energy weakest groupEuro STOXX 600 index falls ~3%Dollar down; bitcoin gains; crude slides >3%; gold up ~3%US 10-Year Treasury yield jumps to ~4.38%Welcome to the home for real-time coverage of markets brought to you by...Reuters
Wed, Apr 9
Stocks
US drugmakers fall as Trump threatens tariffs again
** Shares of some U.S. drugmakers fall after U.S. President Donald Trump reiterated plans for a "major" tariff on all pharmaceutical imports as his "reciprocal" tariffs took effect** Trump had also threatened the duties on Friday, after his first set of "reciprocal" tariffs a...Reuters
Wed, Apr 9
Economic Indicator
Volkswagen's EV sales rise in Europe, plunge in China
Battery EV sales up 112% in Europe in Q1, down 37% in ChinaTotal China sales fall 7.1%, new models to come this yearSix of ten best-selling models in Europe are Volkswagen carsTesla's Model Y drops to 7th place in German rankings: KBA BERLIN, April 9 (Reuters) - Volkswagen Group's VOWG_p....Reuters
Wed, Apr 9
Stocks
1 Growth Stock Down 20% to Buy Right Now
The market is suffering under the weight of President Donald Trump's tariffs on trading partners, as investors try to understand how they'll affect companies.One growth stock that's fallen hard this year is Amazon (NASDAQ: AMZN), which is down 20% year to date, as of this writing. That fall is causi...The Motley Fool
Wed, Apr 9
Other
Sompo adds Universal's Burns as ceded reinsurance SVP
By Mia MacGregorApril 9 - (The Insurer) - Sompo has appointed Jason Burns as senior vice president of ceded reinsurance.Burns brings more than two decades of reinsurance experience to the role. He most recently served as president of Blue Atlantic Reinsurance Corporation, an in-house reinsurance int...Reuters
Wed, Apr 9
Commodities
US producers face tough choices on growth, capital returns as oil falls below $60
Oil benchmarks dip below $60 a barrel amid trade war fearsOil companies may cut capex, halt buybacks, analysts sayAnalysts expect cautious tone in April earningsBy Arunima Kumar April 9 (Reuters) - A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety acro...Reuters
Wed, Apr 9
Stocks
US energy firms fall as oil plummets on China's retaliation against US tariffs
** S&P 500 energy index .SPNY falls 1.5% as oil prices edge lower** Brent crude futures LCOc1 down 3.8% at $60.45 a barrel; U.S. West Texas Intermediate (WTI) crude CLc1 falls 3.7% to $57.37 a barrel** Oil prices fall, hitting fresh four-year lows before recovering some ground, after China annou...Reuters
Wed, Apr 9
Other
Trump can likely reach tariff deals with US allies, Bessent says
Treasury secretary says any country aligning with China would be 'cutting your own throat'US officials to meet with Vietnamese delegation on WednesdayBy Pete SchroederWASHINGTON, April 9 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he thinks the Trump administration ca...Reuters
Wed, Apr 9
