News
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Stocks
23% of Warren Buffett's Portfolio Is Invested in This 1 AI Stock
Warren Buffett and his crew at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) have one of the best investment track records of all time. Few investors have been able to match Buffett's success over Berkshire's long history.However, Berkshire hasn't achieved this success by investing in flashy tech s...The Motley Fool
Wed, Apr 2
Cryptocurrencies
Stablecoin giant Circle reveals revenue growth in US IPO filing
April 2 (Reuters) - Circle Internet Group, the company behind the USDC stablecoin, filed for an initial public offering on Tuesday after markets closed, as it prepares to list its shares on the New York Stock Exchange.The IPO market is currently in a delicate place, as investors look to balance dema...Reuters
Wed, Apr 2
Stocks
Truist falls on Raymond James cut to "market perform"
** U.S. lender Truist Financial's shares TFC.N fall 1.2% to $40.51 premarket** Raymond James downgrades to "market perform" from "outperform"** Says the lender's path to improving profitability is increasingly challenged under current market conditions** "While management...Reuters
Wed, Apr 2
Cryptocurrencies
Coinbase Circles USDC Profits, Highlights New Crypto to Explode
What happens if you build the second-largest stablecoin in the world, with over $60B in market cap – but someone else earns most of the profits? That’s exactly the situation that Circle finds itself in with $USDC. But while it’s a bit awkward for Circle, $USDC’s success highlights a major crypto win...Bitcoinist
Wed, Apr 2
Economic Indicator
Trump's tariffs will be negative the world over, says ECB's Lagarde
ECB chief says predictability in very short supply Still work to do to reach inflation target By Padraic Halpin DUBLIN, April 2 (Reuters) - U.S. President Donald Trump's planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whe...Reuters
Wed, Apr 2
Stocks
RBC cuts Beacon Roofing Supply rating on QXO offer price
** RBC Capital Markets lowers rating of Beacon Roofing Supply BECN.O to "sector perform" from "outperform"** Lifts price target by 35 cents to $124.35, representing a 0.5% upside to the stock's last close** Says rating and PT change are to match acquisition price offered by QXO Q...Reuters
Wed, Apr 2
Technical Analysis
S&P 500: Next downward objectives are at 5400/5390pts and 5300pts – Societe Generale
S&P 500 has so far defended the low of last down leg near 5500pts, which is also an ascending trend line connecting troughs of April 2024/August 2024, Societe Generale's FX analysts report.Fxstreet
Wed, Apr 2
Commodities
Russia imposes further restrictions on Black Sea oil export ports
Transneft says loading berth 8 at Novorossiisk is suspendedRussia closed two of three berths at CPC terminalTrump has threatened to impose new tariffs on Russian oilKremlin blames Ukraine for attacks on CPC infrastructure MOSCOW, April 2 (Reuters) - Russia, the world's second-largest oil expo...Reuters
Wed, Apr 2
Stocks
MORNING BID AMERICAS-Trouble with a capital 'T'
By Mike Dolan LONDON, April 2 (Reuters) - What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets The bigger the buildup to an event, the greater the risk of disappointment. Wednesday's much-heralded U.S. tariff announcements m...Reuters
Wed, Apr 2
Technical Analysis
USD/JPY: Likely to trade in a range between 149.05 and 150.20 – UOB Group
US Dollar (USD) is likely to trade in a range between 149.05 and 150.20 vs Japanese Yen (JPY). In the longer run, USD appears to have moved into a 148.40/151.00 consolidation range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Apr 2
Stocks
Why April Could Be a Huge Month for Eli Lilly Stock
Eli Lilly (NYSE: LLY) is the most valuable healthcare company in the world, worth more than $700 billion. Over the past 12 months, however, the stock's performance has been fairly lackluster, rising by just around 6%. Investors are beginning to scoff at its expensive price tag, with Eli Lilly tradin...The Motley Fool
Wed, Apr 2
Stocks
Down 28%, Should You Buy the Dip on Nvidia?
Few technologies captured the market's attention quite like artificial intelligence (AI) over the course of the last few years. It comes as no surprise, however, given the enormity of the technology's potential power -- at least according to its ambassadors. The Sam Altmans (CEO of OpenAI) and Dario...The Motley Fool
Wed, Apr 2
Other
Raymond James cuts Comerica price target to $67
** Brokerage Raymond James cuts price target on regional bank Comerica's stock CMA.N to $67 from $72 ahead of Q1 ** Raymond James cites the bank's recent intra-quarter update and commentary at a recent investor conference** However, the brokerage maintains an "outperform" rating on t...Reuters
Wed, Apr 2
Economic Indicator
ECB's Schnabel: Trade fragmentation is structurally harmful for economic growth and inflation
European Central Bank (ECB) board member Isabel Schnabel said on Wednesday that trade fragmentation is structurally harmful for economic growth and inflation, per Reuters.Fxstreet
Wed, Apr 2
Technical Analysis
NZD/USD: Above 0.5725, weakness in NZD has stabilised – UOB Group
New Zealand Dollar (NZD) could continue to rebound but any advance is likely part of a 0.5670/0.5725 range. In the longer run, if NZD breaks above 0.5725, it would mean that the weakness has stabilised, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Apr 2
Economic Indicator
EU says response to Trump's tariffs will happen at appropriate moment
BRUSSELS, April 2 (Reuters) - The European Union's response to U.S. President Donald Trump's plan to impose sweeping new reciprocal tariffs on global trading partners later on Wednesday will happen at the appropriate moment, a EU spokesperson told journalists.Reuters
Wed, Apr 2
Other
French government says Trump tariffs could be in 20-25 pct range
PARIS April 2 (Reuters) - The French government expects tariffs to be announced later on Wednesday to be in the range of between 20-25%, said government spokeswoman Sophie Primas on Wednesday."They risk being pretty powerful. People are speaking of tariffs between 20 and 25 percent," Primas ...Reuters
Wed, Apr 2
