News
Important Only
Stocks
Trump tariffs slam markets, stunned investors brace for slow growth, retaliation
Wall Street indexes tumble; Europe shares slideDollar sinks against rival currenciesBonds and yen surge on fear of recessionBy Sinéad Carew, Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON, April 3 (Reuters) - Global investors grappled on Thursday with rising chances of an economic downturn...Reuters
Thu, Apr 3
Cryptocurrencies
Stablecoins flowed to a new set of chains in Q1 in search of growth
Stablecoin supply kept growing and shifting to new chains in Q1. The total supply of stablecoins is still a mix of large-stale leaders like USDT and USDC, as well as new risky algorithmic or asset-backed coins.Cryptopolitan
Thu, Apr 3
Commodities
Canada unveils limited counter measures against US, calls Trump move a tragedy
OTTAWA, April 3 (Reuters) - Canadian Prime Minister Mark Carney announced a limited set of counter measures against U.S. tariffs on Thursday while calling President Donald Trump's protectionist moves a tragedy for global trade.Carney said the Canadian government will copy the U.S. approach by im...Reuters
Thu, Apr 3
Other
AmRisc raises $580 million with Trouvaille Re renewal
By Isha MaratheApril 3 - (The Insurer) - CRC Group-owned MGA AmRisc has completed the renewal of its Trouvaille Re sidecar, securing $580 million of underwriting capital sourced from a diversified group of institutional investors along with capacity from fronting carrier, MS Transverse. The sidecar...Reuters
Thu, Apr 3
Stocks
Why Intel Stock Jumped in a Brutal Day for the Market
Intel (NASDAQ: INTC) stock posted gains despite big sell-offs for the broader market Thursday. The semiconductor company's share price closed out the day up 2.1% and had been up as much as 8.7% earlier in trading. Meanwhile, the S&P 500 fell 4.9% in the session, and the Nasdaq Composite ended the da...The Motley Fool
Thu, Apr 3
Other
Founder Klaus Schwab to step down as World Economic Forum's chair
April 3 (Reuters) - The World Economic Forum founder Klaus Schwab, will "start the process" of stepping down as chair of its board of trustees, a spokesperson for the Geneva-based institution told Reuters on Thursday. Schwab said the forum, which convenes annual gatherings in the Swiss resor...Reuters
Thu, Apr 3
Stocks
Why Sweetgreen Stock Was Wilting Today
Shares of Sweetgreen (NYSE: SG) took a dive today, as it was one of several restaurant stocks to react negatively to President Trump's "Liberation Day" tariff announcement last night.On a day when the S&P 500 (SNPINDEX: ^GSPC) fell 4.8%, Sweetgreen finished down 12%.Start Your Mornings Smarter! Wake...The Motley Fool
Thu, Apr 3
Other
For Trump, tariff gamble brings political risk
Republicans worry tariffs will lead to midterm election lossesTrump says "it's our turn to prosper"Economy showing signs of frayingSee Reuters Live coverage on the tariffs hereBy Jeff Mason and Andrea Shalal WASHINGTON, April 3 (Reuters) - He called it "Liberation Day," but Pr...Reuters
Thu, Apr 3
Other
Morningstar DBRS revises reinsurance outlook down to positive amid geopolitical uncertainty
By Michael LoneyApril 3 - (The Insurer) - Rating agency Morningstar DBRS has changed its outlook for the global property casualty reinsurance industry to stable from positive in response to geopolitical uncertainty and other headwinds including U.S. tariffs.In a commentary, Morningstar DBRS highligh...Reuters
Thu, Apr 3
Other
Swiss Re creates Souidi-led global fac unit as Kuppersmith promoted in North America
By Michael LoneyApril 3 - (The Insurer) - Swiss Re's P&C reinsurance business unit has created a new global facultative market unit that will be led by Sanaa Souidi.The reinsurer said that the aim of the new unit is to enhance client experience with faster more agile decision making and leve...Reuters
Thu, Apr 3
Other
OpenAI copyright lawsuits from authors, New York Times consolidated in Manhattan
By Blake Brittain April 3 (Reuters) - A U.S. judicial panel decided on Thursday to consolidate in New York several copyright cases brought by prominent authors and news outlets against OpenAI and its largest backer Microsoft MSFT.O.The U.S. Judicial Panel on Multidistrict Litigation's order m...Reuters
Thu, Apr 3
Other
CSU forecasts an "above average" Atlantic hurricane season
By Isha MaratheApril 3 - (The Insurer) - Colorado State University has forecast 17 named storms, nine hurricanes, and four major hurricanes for the 2025 season, which starts on June 1 and continues through November 30.A typical hurricane season, based on data from 1991 to 2020, has 14 named storms....Reuters
Thu, Apr 3
Other
US Senate confirms Trump's Medicare and Medicaid nominee Oz
By Richard Cowan and Ahmed Aboulenein WASHINGTON, April 3 (Reuters) - The Republican-controlled U.S. Senate voted on Thursday 53-45 along party lines to confirm Dr. Mehmet Oz, the celebrity physician nominated by President Donald Trump, to oversee government health insurance programs Medicare and...Reuters
Thu, Apr 3
Other
Trump says China could get tariff relief if it approves TikTok deal
April 3 (Reuters) - President Donald Trump on Thursday said he would consider a deal for TikTok where China agrees to approve the sale of the short video app owned by Byte Dance in exchange for relief from U.S. tariffs on Chinese imports.Speaking to reporters aboard Air Force One, Trump used TikTok ...Reuters
Thu, Apr 3
Economic Indicator
A $2,300 Apple iPhone? Trump tariffs could make that happen
Tariffs could increase iPhone prices by up to 43% - Rosenblatt SecuritiesSamsung may gain advantage due to lower tariffs on South KoreaApple shares closed down 9.3% on ThursdayBy Akash Sriram April 3 (Reuters) - Your favorite iPhone could soon become much pricier, thanks to tariffs. U.S. Presiden...Reuters
Thu, Apr 3
Stocks
Why Cleveland-Cliffs Stock Got Hammered Today, Even Though Trump's Tariffs Were Supposed to Help Steelmakers
Shares of U.S. steelmaker Cleveland-Cliffs (NYSE: CLF) plunged 16.9% on Thursday, which was significantly worse than the 4.8% plunge experienced by the S&P 500 index.Some might be confused as to why Cleveland-Cliffs, a domestic steel supplier, would be down so much on last night's sweeping tariff an...The Motley Fool
Thu, Apr 3
Commodities
GRAINS-US soybean futures fall on fears of tariff retaliation
By Tom Polansek CHICAGO, April 3 (Reuters) - Chicago Board of Trade soybean futures slid on Thursday amid concerns that new U.S. tariffs could trigger retaliatory measures against American exports, analysts said.President Donald Trump on Wednesday announced a 10% baseline tariff on most imports t...Reuters
Thu, Apr 3
Forex
CANADA FX DEBT-Canadian dollar climbs to 4-month high after tariff reveal
Canadian dollar gains 1% against the greenbackTouches its strongest since December 6 at 1.4028Canada avoids fresh tariffs on its goodsCanada-US 10-year spread narrows 16.5 basis pointsBy Fergal Smith TORONTO, April 3 (Reuters) - The Canadian dollar rose to a near four-month high against its U.S. ...Reuters
Thu, Apr 3
Other
Perion Network Adopts Limited Duration Shareholder Rights Plan Designed To Protect Shareholders’ Interests And Maximize Long-Term Value
April 3 (Reuters) - Perion Network Ltd PERI.TA:PERION NETWORK ADOPTS LIMITED DURATION SHAREHOLDER RIGHTS PLAN DESIGNED TO PROTECT SHAREHOLDERS’ INTERESTS AND MAXIMIZE LONG-TERM VALUEPERION NETWORK LTD - RIGHTS PLAN EFFECTIVE IMMEDIATELY, TRIGGERS AT 13% OWNERSHIPReuters
Thu, Apr 3
