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AI video maker Runway raises $308 million in General Atlantic-led funding round
April 3 (Reuters) - AI video startup Runway said on Thursday it had raised $308 million in a new funding round, led by private equity firm General Atlantic, to expand its new media ecosystem.The latest funding round valued the New York-based company at over $3 billion, according to people familiar w...Reuters
Thu, Apr 3
Stocks
March hedge fund stock selloff buoys some, costs others, sources say
Multi-strategy funds lower in MarchNiche strategies outperformedDeleveraging on tariff fears cost manyBy Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON, April 2 (Reuters) - Turbulent March markets stalled positive returns for some of the biggest global hedge funds while systematic and some...Reuters
Thu, Apr 3
Economic Indicator
With tariff details in hand, Fed now has to weigh inflation risks against blow to growth
Tariff clarity arrives with a bang for Fed officialsTrump levies are a 'recession-producing turn,' economist saysRisk of both inflation and output slowdown blurs rate outlookBy Howard Schneider WASHINGTON, April 3 (Reuters) - U.S. Federal Reserve officials who've said they needed more...Reuters
Thu, Apr 3
Stocks
EMERGING MARKETS-Latam FX at 10-month high as US tariffs on region less than feared
MSCI Latam stocks index up 2.3%, FX 2%Brokerages lower rating on EM stocks, FX Brazil's Congress lays framework for trade retaliationMexico continues dialogue with US, Sheinbaum saysSri Lanka's sovereign bonds slide furtherBy Johann M Cherian April 3 (Reuters) - Mexico's peso led gain...Reuters
Thu, Apr 3
Other
Brazil to take all measures to defend from U.S. tariffs, says Lula
SAO PAULO, April 3 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday his government would take "all appropriate measures" to defend Brazilian firms and workers from the impact of fresh tariffs imposed by U.S. President Donald Trump."We defend multilateralism and ...Reuters
Thu, Apr 3
Economic Indicator
Trump's tariff formula confounds the world, punishes the poor
Formula imposes some of the highest tariffs on poorest nationsTariff calculation for EU is branded 'colossal inaccuracy'Formula raises questions over how negotiations can commence By Mark John April 3 (Reuters) - Ridiculed for imposing trade tariffs on frozen islands largely inhabited...Reuters
Thu, Apr 3
Stocks
Copper miners fall as Trump's latest tariffs fan recession fears
** Copper miners extend premarket losses as price of the key metal slips on fears U.S. President Donald Trump's aggressive tariffs on key trading partners could fuel a global recession** Benchmark three-month copper CMCU3 on the London Metal Exchange down 2.7% to $9,441.5 per metric ton** Copper...Reuters
Thu, Apr 3
Stocks
US footwear makers slip following Trump's new tariffs on Asian countries
** Shares of U.S. footwear makers fall after President Donald Trump imposes new tariffs on Asia production hubs, including Vietnam, Indonesia and China** These countries, including Bangladesh, are key sourcing markets for sportswear companies such as Nike NKE.N and Roger Federer-backed On Holding ON...Reuters
Thu, Apr 3
Other
Trump TikTok decision to come before deadline, US vice president says
WASHINGTON, April 3 (Reuters) - The Trump administration's decision on an American buyer for the short-video social media site TikTok will come before a weekend deadline, Vice President JD Vance said on Thursday. Bidders for TikTok are piling up as Saturday's deadline approac...Reuters
Thu, Apr 3
Stocks
Regional banks down as Trump's tariffs trigger recession fears
** Shares of U.S. regional banks down after President Trump slapped reciprocal tariffs on major geographies, sparking recession fears among investors** Some regional banks like Fifth Third Bancorp FITB.O, M&T Bank MTB.N, Keycorp KEY.N and Comerica CMA.N fell, with Western Alliance WAL.N leading ...Reuters
Thu, Apr 3
Stocks
CANADA STOCKS-TSX slumps to near three-week low as Trump's tariffs stir recession fears
By Sanchayaita Roy April 3 (Reuters) - Canada's main index tumbled on Thursday in broad-based declines as U.S. President Donald Trump's reciprocal tariffs escalated the global trade war and sparked worries of a recession.Toronto Stock Exchange's S&P/TSX composite index .GSPTSE wa...Reuters
Thu, Apr 3
Other
Allianz Commercial hires five from Axa XL to expand US construction team
By Isha MaratheApril 3 - (The Insurer) - Allianz Commercial has added Kristen Hoskinson, Emily Hernandez, Alexander Hansen, Karima Jones and Jared Bush-Howe to its construction master builders' risk team.The hires are all set to join by mid-April.Hoskinson has joined as executive underwriter te...Reuters
Thu, Apr 3
Stocks
GLOBAL MARKETS-Stocks, US dollar sink as Trump tariffs fuel economic worries
S&P 500 down more than 4% in early tradingDollar down against euro, yen Safe-haven bonds rallyBy Caroline Valetkevitch and Marc Jones NEW YORK/LONDON, April 3 (Reuters) - Stock indexes tumbled, with the S&P 500 down more than 4% in morning New York trading on Thursday, and the U.S. do...Reuters
Thu, Apr 3
Stocks
US bank stocks sink as Trump's tariffs cloud dealmaking, loan demand
April 3 (Reuters) - Shares of U.S. banks tumbled to multi-month lows on Thursday, after President Donald Trump's sweeping tariffs plan sparked fears of weaker capital markets and a slowdown in consumer spending.Citigroup C.N fell 11%, while Bank of America BAC.N, Morgan Stanley MS.N, Goldman Sac...Reuters
Thu, Apr 3
Stocks
Warren Buffett's Stance on Import Tariffs Raises Flags. But Don't Ignore His Words on Investing During Times of Market Turmoil.
Investors often look to Warren Buffett during times of trouble because the billionaire has been through just about every market environment imaginable. And during the ups and downs, he's persisted, standing by his pledge to buy shares of quality companies for reasonable prices and hold on for the lo...The Motley Fool
Thu, Apr 3
