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Commodities
USTR will seek Congress approval on tariff deals if law requires, Greer says
WASHINGTON, April 9 (Reuters) - The Trump administration will seek congressional approval for any comprehensive free trade agreements, but anticipates that any deals struck with countries to ease President Donald Trump's latest tariffs may be more limited in nature, U.S. Trade Representative Jam...Reuters
Wed, Apr 9
Cryptocurrencies
Solana (SOL) Turned $1,000 into $50,000 in 6 Months in 2021, AI Names the Next Coin Ready to Achieve This
In 2021, Solana (SOL) stunned investors by turning a modest $1,000 investment into a staggering $50,000 within just six months, thanks to its explosive growth. Priced at around $24 at the start of the year, SOL skyrocketed to nearly $260 by the end of 2021, driven by its unique blend of speed, scalability, and innovative […]Cryptopolitan
Wed, Apr 9
Commodities
ANALYSIS-US refiners unlikely to spend big to process more domestic oil
Light US crude requires a different configuration at refineriesChanging refinery setup can be a lengthy and expensive processRunning different crude types impacts refinery yields, marginBy Arathy Somasekhar April 9 - U.S. refiners are not planning to make big-ticket investments to process more do...Reuters
Wed, Apr 9
Other
Capri climbs after report Prada close to sealing $1.4 billion deal for Versace
** Shares of Versace parent Capri Holding CPRI.N jump 8.2% to $13.36 ** Italian luxury group Prada's 1913.F deal to buy Versace from Capri for $1.4 bln could be announced as soon as Thursday, the Financial Times reports, citing people familiar with the matter** Transaction price for the buyout w...Reuters
Wed, Apr 9
Stocks
Dave & Buster's Entertainment falls after BMO's price cut
** Shares of entertainment and dining venues operator Dave & Buster's Entertainment PLAY.O fall 4% to $15.42** BMO Capital Markets cuts price target to $30 from $47** Concerned that tariff related dynamics will continue to weigh on consumer spending, particularly at the low-end where PLAY ha...Reuters
Wed, Apr 9
Stocks
South African rand hits record low on new tariffs and coalition risk
By Tannur Anders and Sfundo Parakozov JOHANNESBURG, April 9 (Reuters) - The rand struck an all-time low in jittery trade on Wednesday, as U.S. President Donald Trump's trade war and the risk that South Africa's market-friendly coalition government could split unnerved investors.The rand ...Reuters
Wed, Apr 9
Commodities
CK Hutchison invested $1.7 bln in Panama, surpassing obligations, it says
Company paid $668 mln in contributions, CK Hutchison saysTax exemptions have not been exclusively granted to the companyCK Hutchison calls to "protect the concession" By Marianna Parraga and Roshan Thomas April 9 (Reuters) - A company controlled by Hong Kong-based CK Hutchison 0001.HK...Reuters
Wed, Apr 9
Stocks
PRECIOUS-Gold rises, eyes best day since March 2023 as tariff war heats up
China to impose additional tariffs of 84% on U.S. GoodsFed meeting minutes due later in the daySpot gold up more than $400 this yearBy Brijesh Patel April 9 (Reuters) - Gold climbed more than 3% on Wednesday and was poised for its best day since March 2023, supported by a decline in the dolla...Reuters
Wed, Apr 9
Other
US admiral confirms two men of Chinese origin captured by Ukraine
WASHINGTON, April 9 (Reuters) - The head of U.S. forces in the Indo-Pacific confirmed on Wednesday that Ukraine had captured two men of Chinese origin fighting for Russia and said that any Russian success offensively in Europe would embolden China in its own offensive ambitions.Admiral Samuel Papar...Reuters
Wed, Apr 9
Other
Trump sued by Democrat he removed from US civil rights agency
Trump can remove EEOC members only for cause, lawsuit claimsTrump fired two Democratic EEOC members in JanuaryCase is latest test of Trump's powers over independent agenciesBy Daniel Wiessner April 9 (Reuters) - A Democratic former member of the federal agency that enforces U.S. laws banning ...Reuters
Wed, Apr 9
Other
PacBio to cut jobs, lower spending over NIH funding cuts and tariffs
By Sneha S K April 9 (Reuters) - Gene sequencing equipment maker PacBio PACB.O plans to cut around 120 jobs and lower expenses due to fresh tariffs and reduced funding for federal health agency National Institutes of Health (NIH), it said on Wednesday.The company plans to eliminate about "80...Reuters
Wed, Apr 9
Other
Euro zone bond prices gain, sit out global selloff
German bonds rise in contrast with U.S. TreasuriesBenchmark US Treasury yield jumps 14 bpsMarkets add to ECB easing betsTrump's tariffs come into effect, triggering more market turmoilBy Samuel Indyk and Lucy Raitano LONDON, April 9 (Reuters) - German bond yields fell on Wednesday, contrastin...Reuters
Wed, Apr 9
Commodities
Chile mining minister expects short-term copper demand to slow due to tariffs
SANTIAGO, April 9 (Reuters) - Global copper demand in the short-term could slow due to uncertainty over U.S. tariffs, Chile's Mining Minister Aurora Williams said on Wednesday.If the U.S. were to impose copper tariffs on Chile, she said the country would hope for a competitive advantage at the l...Reuters
Wed, Apr 9
Stocks
Life sciences firms fall as China hikes tariff on US imports
** Shares of some life sciences companies down as China announced an increase in tariffs on U.S. imports to 84% from 34%, shortly after President Donald Trump's punitive 104% tariffs on Chinese imports kicked in on Wednesday** Shares of QuidelOrtho QDEL.O fall 1.6%, Thermo Fisher Scientific TMO....Reuters
Wed, Apr 9
Other
Largest U.S. machine tool builder Haas Automation issues stark warning on tariffs
Investing.com -- Privately held Haas Automation, which describes itself as the largest machine tool builder in the Western world, has warned that it is scaling back its production activities amid a shInvesting.com
Wed, Apr 9
Stocks
LIVE MARKETS-Can any appearance of calm be trusted?
S&P 500, Dow turn red; Nasdaq still greenTech leads S&P sector gainers; utilities weakest groupEuro STOXX 600 index falls ~3.5%Dollar down; crude tumbles >4%; bitcoin ~flat; gold surges >3%US 10-Year Treasury yield jumps to ~4.43%Welcome to the home for real-time coverage of markets br...Reuters
Wed, Apr 9
Other
Nuro secures $6 billion valuation in latest funding round
April 9 (Reuters) - Autonomous driving technology startup Nuro said on Wednesday it fetched a valuation of $6 billion after raising $106 million in its latest funding round, as investors bet on what is often touted as the future of mobility.The funding — backed by T Rowe Price Associates, Fidelity M...Reuters
Wed, Apr 9
Commodities
US issues new sanctions on Iran as Trump seeks talks
Sanctions target five entities, one personBessent says will continue to leverage to disrupt Iran's nuclear effortsTrump has said US and Iran poised to begin direct nuclear talks WASHINGTON, April 9 (Reuters) - The United States issued fresh sanctions targeting Iran on Wednesday, the Treasury ...Reuters
Wed, Apr 9
Cryptocurrencies
Time to Enter the Market? These 3 Altcoins Could Make You Millions in 100 Days
Shiba Inu (SHIB) and Cardano are among the most popular altcoins in the markets right now and they are back to gaining the value they lost in the market crash of Monday. Black Monday, as it’s being called, saw crypto as well as other markets crash badly on rising concerns about geopolitical situations, the escalating […]Cryptopolitan
Wed, Apr 9
