News
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Stocks
Ford falls after Bernstein turns bearish
** Ford's F.N shares down 3.3% premarket to $8.40 after Bernstein downgrades to 'underperform' from 'market-perform'** Brokerage chops PT from $9.40 to $7** Given commencement of vehicle tariffs, and parts tariffs likely to follow in a month, Bernstein says "significant downs...Reuters
Wed, Apr 9
Economic Indicator
JPMorgan CEO Dimon expects recession and defaults, urges quick progress on trade talks
By Nupur AnandNEW YORK, April 9 (Reuters) - JPMorgan Chase CEO JPM.N Jamie Dimon said on Wednesday that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers, he told Fox Business’ Mornings with Maria."So long as you have rates going ...Reuters
Wed, Apr 9
Forex
Japan, Canada agree to cooperate on market stability
TOKYO, April 9 (Reuters) - Japan and Canada, which is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said on Wednesday.In a phone meeting on Wednesday, Japanese ...Reuters
Wed, Apr 9
Economic Indicator
China's premier vows more proactive macroeconomic policies amid 'external shocks'
BEIJING, April 9 (Reuters) - China needs to implement more proactive macroeconomic policies and roll them out in a timely manner as "external shocks" have put pressures to China's economic stabilisation, Premier Li Qiang said on Wednesday, according to state media. During a symposium wit...Reuters
Wed, Apr 9
Other
Bessent says US Treasury to take stronger role in bank regulation, easing undue burdens
By David Lawder and Pete SchroederWASHINGTON, April 9 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday his department will play a greater role in banking regulation to better balance costs and benefits and ensure that lenders can finance growth in the U.S. economy.In prepared rema...Reuters
Wed, Apr 9
Other
Prospect Capital announces cash tender offer for all outstanding 3.706% Notes due 2026
April 9 (Reuters) - Prospect Capital Corp PSEC.O:PROSPECT CAPITAL CORPORATION ANNOUNCES LAUNCH OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 3.706% NOTES DUE 2026PROSPECT CAPITAL CORP - TENDER OFFER FOR $342.947 MILLION OF 3.706% NOTES DUE 2026Reuters
Wed, Apr 9
Commodities
TIMELINE-How China reduced its reliance on US farm imports and sharpened its trade war toolkit
By Mei Mei Chu April 9 (Reuters) - Since the U.S.-China trade war in President Donald Trump's first term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security.As a result, China can now wield the billions it still spends each yea...Reuters
Wed, Apr 9
Commodities
Sndl Enters Into Agreement To Acquire Cost Cannabis And T Cannabis Locations From 1Cm
April 9 (Reuters) - SNDL Inc SNDL.O:SNDL ENTERS INTO AGREEMENT TO ACQUIRE COST CANNABIS AND T CANNABIS LOCATIONS FROM 1CMSNDL INC: WILL ACQUIRE 32 CANNABIS RETAIL STORES OPERATING UNDER COST CANNABIS AND T CANNABIS BANNERS IN ONTARIO, ALBERTA AND SASKATCHEWANSNDL INC: PROPOSED DEAL FOR $32.2 MILLIO...Reuters
Wed, Apr 9
Stocks
US chip firms' annual forecasts to be a 'wildcard' amid tariffs, TD Cowen says
** TD Cowen expects US semiconductor companies' quarterly earnings to be 'fine on paper' and annual outlook from cos to be a 'wild card' given potential pressure on margins and revenue from tariffs** Nvidia NVDA.O remains brokerage's top pick; it also prefers AMD AMD.O, Broad...Reuters
Wed, Apr 9
Other
Microbot Medical® Shares Results From Its Pivotal Clinical Trial
April 9 (Reuters) - Microbot Medical Inc MBOT.O:MICROBOT MEDICAL® SHARES RESULTS FROM ITS PIVOTAL CLINICAL TRIAL, ACHIEVING 100% ROBOTIC NAVIGATION SUCCESS FOR THE LIBERTY® ENDOVASCULAR ROBOTIC SYSTEMMICROBOT MEDICAL INC - LIBERTY(®) SHOWED A 92% REDUCTION IN RADIATION EXPOSURE WITH NO ADVERSE EVENT...Reuters
Wed, Apr 9
