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Cryptocurrencies
Fed chair Powell is coming to terms with the fact that he needs to cut rates now, not later
Jerome Powell is finally facing the problem head-on. After months of dodging the obvious, the Federal Reserve chair is being forced to accept that it’s time to cut interest rates—and fast. The pressure is coming from every angle: Trump’s tariffs, sticky inflation, slowing growth, and rising recession risk. The Fed’s credibility is already bruised from […]Cryptopolitan
Thu, Apr 3
Other
GSK resolves patent lawsuit against Pfizer over RSV vaccines
By Blake Brittain April 3 (Reuters) - British pharmaceutical giant GlaxoSmithKline GSK.L and rival Pfizer PFE.N have agreed to end a lawsuit that alleged Pfizer's respiratory syncytial virus (RSV) vaccine Abrysvo violated GSK's patent rights in its competing RSV shot Arexvy, according to ...Reuters
Thu, Apr 3
Cryptocurrencies
Shiba Inu Suffers More Blows As Meme Investors In SHIB Opt For Real-World Solutions With Mutuum Finance (MUTM) Instead
As Shiba Inu (SHIB) struggles at $0.000012, meme-coin investors are seeking more sustainable opportunities, with many turning to Mutuum Finance (MUTM). More than 7800 investors have joined the project so far at its current Phase 4 value of $0.025 while the entire platform exceeds $6.1 million in worth. After the next price surge the platform […]Cryptopolitan
Thu, Apr 3
Commodities
LIVESTOCK-CME cattle sink as Trump tariffs fuel fears of recession, retaliation
By Tom Polansek CHICAGO, April 3 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures fell sharply on Thursday as U.S. President Donald Trump's new tariffs fueled concerns about a recession and retaliation from other nations.Global investors grappled with rising chanc...Reuters
Thu, Apr 3
Commodities
CANADA-CRUDE-Western Canada Select heavy crude discount continues to narrow
April 3 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 continued to narrow on Thursday, as global oil prices saw their steepest fall in three years. WCS for May delivery in Hardisty, Alberta, settled ...Reuters
Thu, Apr 3
Commodities
FAA to investigate after fire reported in cabin of United Airlines Boeing flight
April 3 (Reuters) - The U.S. Federal Aviation Administration on Thursday said it will investigate after the crew on a United Airlines-operated Boeing 737 flight from Florida to Newark airport reported a fire in the cabin. The airplane landed safely at Washington's Dulles airport on Thursday afte...Reuters
Thu, Apr 3
Other
Putin envoy says diplomatic solution possible but differences remain after US talks
WASHINGTON, April 3 (Reuters) - A senior Russian envoy on Thursday said differences remain between the U.S. and Russia but a diplomatic solution to bring an end to the war in Ukraine is possible."I think (with) the Trump administration, we are now in realm of thinking about what is possible, wha...Reuters
Thu, Apr 3
Stocks
GLOBAL MARKETS-US stocks post biggest drop since 2020, dollar falls as Trump tariffs fuel recession fears
S&P 500, Dow register biggest daily pct declines since June 2020Dollar down against euro, yenSafe-haven bonds rally; oil down more than 6%By Caroline Valetkevitch NEW YORK, April 3 (Reuters) - Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday ...Reuters
Thu, Apr 3
Stocks
Stellantis to temporarily lay off 900 US workers as tariffs bite
Stellantis pauses production in Mexico and Canada due to tariffsAutomakers face 25% import tax on imported autosUAW criticizes Stellantis for unnecessary layoffsUS automaker shares fall sharplyBy Kalea Hall, David Shepardson, Nora Eckert DETROIT, April 3 (Reuters) - Stellantis NV STLAM.MI said on...Reuters
Thu, Apr 3
Stocks
Trump tariffs could stymie Big Tech's US data center spending spree
Tariffs could disrupt data-center equipment supply chainsTech giants may reallocate spending due to tariff impactCloud service providers face potential spending cutbacksBy Deborah Mary Sophia April 3 (Reuters) - U.S. President Donald Trump's sweeping reciprocal tariffs could hamstring Big Tec...Reuters
Thu, Apr 3
Commodities
FDA suspends program to improve bird flu testing due to staff cuts
By Leah Douglas April 3 (Reuters) - The U.S. Food and Drug Administration is suspending efforts to improve its bird flu testing of milk, cheese and pet food due to massive staff cuts at the agency, according to an email seen by Reuters and a source familiar with the situation. The FDA's testi...Reuters
Thu, Apr 3
Commodities
Exxon signals higher oil, gas prices will help boost Q1 profit
By Sheila Dang and Vallari Srivastava April 3 (Reuters) - Exxon Mobil XOM.N signaled on Thursday that higher crude oil and natural gas prices as well as stronger oil refining margins will help lift its first-quarter earnings by about $900 million compared to the previous quarter.The largest U.S....Reuters
Thu, Apr 3
Commodities
COMMODITIES-Oil dives most in 3 years; copper, soy slide as Trump tariffs rattle markets
Oil posts steepest drop in 3 years on global economy fearsCopper sinks to one-month low, aluminium down 1.5%Soybean futures dive as China vows tariff retaliationGold touches record, ends down with broader market selloffStock markets plunge, led by tech sector hit by new tariffsBy Naveen Thukral and ...Reuters
Thu, Apr 3
Commodities
Forecasters predict above-average 2025 Atlantic hurricane season
April 3 (Reuters) - Colorado State University forecasters said on Thursday the upcoming 2025 hurricane season across the Atlantic basin will be above average, with 17 named tropical storms, including nine hurricanes, of which four are predicted to be major.Warm sea surface temperatures will again fu...Reuters
Thu, Apr 3
Commodities
Strategic Storage Partners gets contract to manage Strategic Petroleum Reserve, DOE says
April 3 (Reuters) - Strategic Storage Partners has been awarded a $1.4 billion contract to manage and operate the Strategic Petroleum Reserve, the world's largest crude oil stockpile, the U.S. Department of Energy said on Thursday. The company will assume its responsibilities over the SPR on Jun...Reuters
Thu, Apr 3
Other
'Fair likelihood' Trump administration violated court order not to deport Venezuelans, judge says
Judge Boasberg probes Trump's compliance with deportation blockTrump admin claims deportations occurred before court rulingMigrants' lawyers say they were falsely labeled gang membersBy Luc Cohen and Ted Hesson WASHINGTON, April 3 (Reuters) - There is a "fair likelihood" the Trump...Reuters
Thu, Apr 3
Other
Brazil, US technical teams set to discuss tariffs next week
BRASILIA, April 3 (Reuters) - Brazil's Vice-President Geraldo Alckmin said on Thursday that a a technical team is set to discuss tariffs with U.S. counterparts next week, a day after the United States announced a 10% tariff on its imports from Brazil.Speaking to regional news outlet Folha de Per...Reuters
Thu, Apr 3
