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EXCLUSIVE-China plans high-level meet to craft support measures after US tariff hikes, say sources
April 9 (Reuters) - China's top leaders plan to meet as soon as Wednesday to hammer out measures to boost the economy and stabilise capital markets, people with knowledge of the matter said, as trade war with the United States escalates.Reuters
Wed, Apr 9
Other
Long-dated euro zone bonds little changed even as US Treasuries sell off
Longer-dated German bonds little changedBenchmark US Treasury yields jump 11 bpsTrump's tariffs come into effect triggering more market turmoilBy Samuel Indyk LONDON, April 9 (Reuters) - Longer-dated German bonds were little changed on Wednesday, after earlier being dragged lower by a sell-of...Reuters
Wed, Apr 9
Economic Indicator
ECB's Escriva says US tariffs will hit economies, effect on inflation less clear
Escriva sees both downwards, upwards impacts on euro zone pricesWill have to weigh impacts before taking decisionsBank of Spain will revise downwards 2025 growth forecastsBy Jesús Aguado MADRID, April 9 (Reuters) - The implementation of U.S. tariffs will hit the Spanish and other euro zone econom...Reuters
Wed, Apr 9
Stocks
Should You Buy Newsmax Stock?
The overall stock market has been turbulent this year. However, that volatility pales in comparison to the roller-coaster ride Newsmax (NYSE: NMAX) has given investors.The parent company of conservative TV news network Newsmax Broadcasting conducted its initial public offering (IPO) on March 31, 202...The Motley Fool
Wed, Apr 9
Other
US tariffs could erase 3% expected Spanish chemicals industry growth
MADRID, April 9 (Reuters) - The US tariffs fallout could erase the 3% expected growth of the Spanish chemicals industry's production and exports this year, Feique, an industry group gathering companies in the sector, said on Wednesday.Reuters
Wed, Apr 9
Stocks
As Recession Fears Loom, Ray Dalio Releases ETF Following His Famed All Weather Investment Strategy
Investors' worries have multiplied in recent weeks as President Donald Trump's plan for tariffs on imports took shape -- and settled in a form that could weigh heavily on U.S. companies, consumers, and the economy. Trump announced the full plan last week, involving various levels of tariffs on impor...The Motley Fool
Wed, Apr 9
Stocks
European healthcare drops as Trump says tariffs on sector coming soon
** Shares in European healthcare companies fall after U.S. President Donald Trump said tariffs for the sector would be announced soon** Europe's benchmark STOXX 600 Healthcare index .SXDP falls 4.5%, leading sectoral losses on the broader STOXX 600 .STOXX that falls 3.1%** "It was pharma tha...Reuters
Wed, Apr 9
Economic Indicator
EXCLUSIVE-ECB braces for bigger-than-anticipated growth hit from tariffs - sources
FRANKFURT, April 9 (Reuters) - Euro zone economic growth could fall much more from the impact of U.S. trade tariffs than initially estimated by the European Central Bank and the turmoil could also drag inflation down in the near term, four sources told Reuters.The ECB last month predicted that a traReuters
Wed, Apr 9
Other
Ambridge adds Markel’s Williams as management liability VP
By Mia MacGregorApril 8 - (The Insurer) - Global MGU Ambridge Group has appointed Zachary Williams from Markel as a vice president within its management liability and financial institutions team.New York-based Williams spent four years at Markel, most recently serving as director, public company and...Reuters
Wed, Apr 9
Stocks
What Does Warren Buffett Really Think About President Trump's Tariffs? Not What You Might Have Seen on Social Media.
According to author and psychologist Robert Cialdini, appealing to authority is one of the top methods of persuasion. The idea is that people are more likely to believe something endorsed by someone they view as a trustworthy expert. When it comes to financial matters, few Americans carry as much we...The Motley Fool
Wed, Apr 9
Economic Indicator
Eurozone growth to take a bigger hit from Trump’s tariffs than the ECB earlier estimated – Reuters
Citing sources with direct knowledge of the European Central Bank (ECB) thinking, Reuters reported on Wednesday that the “Eurozone growth is expected to take a bigger hit from US President Donald Trump’s tariffs than the ECB earlier estimated.”
Fxstreet
Wed, Apr 9
Stocks
Here's How New Tariffs Could Be One More Reason to Buy Bitcoin
Bitcoin (CRYPTO: BTC) isn't as safe as holding cash when economic times get tough. As a cryptocurrency, it's volatile, and it's nearly impossible to use it to buy something you might actually need, like a burrito.But, in the case of how the economy will respond to the tariffs proposed by the Trump a...The Motley Fool
Wed, Apr 9
Other
Swiss government approves $37.7 mln contribution to UN development agency
April 9 (Reuters) - The Swiss government approved a contribution of 31.8 million Swiss francs ($37.7 million) to the United Nations development agency (UNDP), it said in a statement on Wednesday. "These contributions are part of Switzerland's ongoing efforts to promote sustainable developmen...Reuters
Wed, Apr 9
Economic Indicator
RBNZ cuts rates, signals more easing ahead – ING
The Reserve Bank of New Zealand delivered a widely expected rate cut and opened the door to further easing as trade tensions weigh on the outlook. With AUD and NZD under pressure, any sign of de-escalation between China and the US could offer much-needed relief.
Commodities
EXCLUSIVE-US considers adjusting port fee plan for Chinese vessels after pushback, sources say
By Jonathan Saul and Renee Maltezou LONDON/ATHENS, April 9 (Reuters) - President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devast...Reuters
Wed, Apr 9
Other
Chess-Niemann gone AWOL as Freestyle Paris Grand Slam underway
By Julien Pretot PARIS, April 9 (Reuters) - Hans Niemann, the chess grandmaster at the heart of an alleged cheating scandal, has yet to provide an explanation on his late withdrawal from the Freestyle Grand Slam in Paris.Niemann, who was accused of cheating by world number one Magnus Carlsen in 2...Reuters
Wed, Apr 9
Stocks
Sutton National and Bamboo renew reinsurance program with cat bond and sidecar
By Isha MaratheApril 8 - (The Insurer) - California homeowners MGA Bamboo and its fronting carrier Sutton National have renewed Bamboo's reinsurance program, which involved the closing of the Greengrove Re Ltd Series 2025-1 catastrophe bond and the execution and funding of the Greenshoots Re Lt...Reuters
Wed, Apr 9
Stocks
The Nasdaq Just Moved From a Correction to a Bear Market. Here's How Long It Could Last.
Last week marked a sell-off not seen since the pandemic-induced market crash of 2020. In just two days (Thursday and Friday), the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 10.7%, the S&P 500 (SNPINDEX: ^GSPC) tumbled 9.9%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) slipped 8.8%.The sell...The Motley Fool
Wed, Apr 9
