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Chamber of Commerce, APCIA and NAMIC support State Farm’s Supreme Court appeal
By Michael LoneyApril 2 - (The Insurer) - The Chamber of Commerce and two insurance trade groups have filed an amicus brief in support of State Farm’s appeal to the U.S. Supreme Court in a dispute over the use of a “negotiation adjustment” in determining estimates of policy payouts.Plaintiffs in the...Reuters
Wed, Apr 2
Stocks
US drugmakers fall after Trump announces reciprocal tariffs
** Shares of some U.S. drugmakers fall between 0.5% and 3.5% after U.S. President Donald Trump speaks on reciprocal tariffs** In extended trading, Johnson & Johnson JNJ.N down 0.6%, Moderna MRNA.O down 3.5%, Eli Lilly LLY.N down 2.4%, Bristol Myers Squibb BMY.N down 0.7% and Regeneron down 2%** ...Reuters
Wed, Apr 2
Other
Brazil's Embraer delivers 30 aircraft in 1st quarter
SAO PAULO, April 2 (Reuters) - Brazilian planemaker Embraer EMBR3.SA said on Wednesday it delivered 30 aircraft in the first quarter of 2025, a 20% increase from a year earlier. The deliveries in the quarter include seven commercial and 23 executive jets, Embraer said in a securities filing.Reuters
Wed, Apr 2
Other
Trump signs order that closes duty exemptions for cheap shipments from China
WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole used to ship low-value packages duty-free from China, known as "de minimis," according to the White House.The order says Trump is ending duty-free treatment for the...Reuters
Wed, Apr 2
Stocks
Why AeroVironment Stock Raced 4% Higher Today
AeroVironment's (NASDAQ: AVAV) latest news item fueled something of a rally in the stock on Wednesday. The drone manufacturer essentially got the shareholder green light to proceed with an acquisition, and the market greeted this by pushing the stock more than 4% higher on the day. This was more tha...The Motley Fool
Wed, Apr 2
Other
Hamas will not respond to Israel's counter Gaza ceasefire proposal, official says
Hamas committed to mediators' plan, not Israel's counter-proposalCopy obtained by Reuters showed mediators' proposal entailed extending ceasefire for 50 daysHamas says negotiations for a second phase of ceasefire should conclude before 50-day period endsIsrael expands military operations...Reuters
Wed, Apr 2
Commodities
CORRECTED-GRAINS-Chicago soybeans rise on biofuel coalition meeting with EPA
Soybeans supported by oil and biofuel group meeting with EPACorn rises on wet weather in Delta and Ohio Valley Wheat up on lower than expected acreage data By Renee Hickman CHICAGO, April 1 (Reuters) - Chicago soybean futures rose on Tuesday ahead of a meeting between a coalition of oil and biofu...Reuters
Wed, Apr 2
Commodities
Australia says US tariffs not 'act of a friend' but rules out reciprocal moves
SYDNEY, April 3 (Reuters) - Australian Prime Minister Anthony Albanese said on Thursday the decision by U.S. President Donald Trump to impose tariffs was not "the act of a friend," but said his country would not place reciprocal tariffs against the United States.Trump said on Wednesday that ...Reuters
Wed, Apr 2
Other
French wine, spirits sales expected to fall 20% after US tariff announcement
PARIS, April 2 (Reuters) - Sales of French wine and spirits are expected to slide at least 20% after U.S. President Donald Trump announced global tariffs, Gabriel Picard, chairman of French wine and spirits exporters industry group FEVS said on BFM TV on Wednesday.Reuters
Wed, Apr 2
Stocks
Caterpillar, Deere fall after Trump announces tariffs
** Shares of some industrial equipment makers fall in extended trading after U.S. President Donald Trump's tariff announcements** Caterpillar CAT.N and Deere & Co DE.N down more than 2% each ** Trump said he would impose a 10% baseline tariff on all imports to the United States and higher du...Reuters
Wed, Apr 2
Cryptocurrencies
Chainlink Consolidates In Triangle Pattern – Is A 35% Breakout Imminent?
Chainlink is currently trading at a crucial demand zone after enduring heavy selling pressure throughout Q1 of this year. Like many altcoins, LINK has struggled to recover in the face of broader macroeconomic instability and a hostile market environment fueled by U.S. President Donald Trump’s ...NewsBTC
Wed, Apr 2
Cryptocurrencies
Bitcoin Enters Accumulation Phase – Spot Selling Fades And Funding Rates Turn Negative
Bitcoin is currently holding above the $81,000 level, but bulls continue to struggle with reclaiming the $86,000 mark — a key resistance that must be broken to signal the start of a meaningful recovery. The lack of bullish momentum comes as macroeconomic uncertainty and escalating trade war fears co...Bitcoinist
Wed, Apr 2
Other
Exclusive: Axis pulls admitted California capacity for MGA AllDigital Specialty
By James ThalerApril 2 - (The Insurer) - Axis has pulled its admitted capacity for management liability MGA AllDigital Specialty in the state of California, largely due to a deterioration in small business employment practices liability conditions in the state, but will continue to support AllDigita...Reuters
Wed, Apr 2
Commodities
CIF/FOB Gulf Grain-Corn barge basis bids firm, soybean bids ease as freight stays high
CHICAGO, April 2 (Reuters) - Spot basis bids for corn delivered by barge to U.S. Gulf Coast terminals firmed on Wednesday, while soybean bids turned lower, as freight rates stayed high and President Donald Trump rolled out sweeping trade tariffs, traders said.* Trump said Wednesday afternoon he is i...Reuters
Wed, Apr 2
Commodities
Oil prices fall into negative territory as Trump announces new tariffs
Concerns remain over how tariffs will be implementedUS crude inventories post large build, EIA data showsSome analysts warn of bearish impact on oil prices Markets await word on any secondary Russian oil tariffsBy Stephanie Kelly and Arunima Kumar NEW YORK, April 2 (Reuters) - Oil prices fell to ...Reuters
Wed, Apr 2
Stocks
Apple falls after Trump imposes reciprocal tariffs
** Shares of Apple AAPL.O fall ~6% to $210.44 after the bell** U.S. President Donald Trump announces sweeping reciprocal tariffs; says would impose 10% baseline tariff on all imports to U.S.** Trump displays chart listing reciprocal tariffs, including 34% on China and 20% on the European Union** Tru...Reuters
Wed, Apr 2
Commodities
INSTANT VIEW-Hefty Trump tariffs surprise markets, S&P futures slide
April 2 (Reuters) - U.S. President Donald Trump further escalated a trade war on Wednesday by announcing he would impose reciprocal tariffs to match duties put on U.S. goods by other countries."It's our declaration of independence," Trump said at an event in the White House Rose Garden. ...Reuters
Wed, Apr 2
