News
Important Only
Economic Indicator
Shipping firm Maersk expects continued US growth but warns of rising uncertainty
Trump tariffs have put shipping industry on edgeMaersk says tariffs could curb global trade flowsDeclining US consumer confidence a concern, company saysBy Stine Jacobsen COPENHAGEN, April 2 (Reuters) - Danish shipping company Maersk MAERSKb.CO has benefited from robust U.S. demand so far this ye...Reuters
Wed, Apr 2
Other
France says Trump tariffs could be in 20-25 pct range, causing major disorder
PARIS April 2 (Reuters) - France expects tariffs to be announced later on Wednesday from U.S President Donald Trump on French and European products to be in the range of 20-25%, leading to "major economic disorder", said government spokeswoman Sophie Primas on Wednesday."They risk be...Reuters
Wed, Apr 2
Other
Kopin Corp expected to post a loss of 2 cents a share - Earnings Preview
Kopin Corp KOPN.OQ KOPN.O is expected to show a rise in quarterly revenue when it reports results on April 4 (estimated) for the period ending December 31 2024The Westborough Massachusetts-based company is expected to report a 44.7% increase in revenue to $12.411 million from $8.58 million a year ...Reuters
Wed, Apr 2
Other
Adverum Biotechnologies Inc expected to post a loss of $1.36 a share - Earnings Preview
Adverum Biotechnologies Inc ADVM.OQ ADVM.O is expected to show no change in quarterly revenue when it reports results on April 4 (estimated) for the period ending December 31 2024LSEG's mean analyst estimate for Adverum Biotechnologies Inc is for a loss of $1.36 per share. The current average ...Reuters
Wed, Apr 2
Cryptocurrencies
Bitcoin Hashrate Sets New Record—Do Miners Think Bottom Is In?
On-chain data shows the Bitcoin Hashrate has set a new all-time high (ATH) recently, a potential sign that miners are still hopeful about BTC’s future. 7-Day Average Bitcoin Hashrate Achieved A New Record Recently The “Hashrate” refers to a metric that keeps track of the total amou...Bitcoinist
Wed, Apr 2
Commodities
Doubts over CK Hutchison port deal add to concerns about China's grip over Hong Kong
CK Hutchison silent as date for Panama deal takes spotlight Uncertainty lingers over HK economic autonomy New US report says HK trend of 'centralization under Beijing'By James Pomfret and Clare Jim HONG KONG, April 2 (Reuters) - An expected delay in a key step in CK Hutchison's planne...Reuters
Wed, Apr 2
Cryptocurrencies
Is The Bitcoin Bull Run Over? Watch This Key Price
The Bitcoin price is currently down more than -22% from its all-time, displaying a series of lower highs on the daily timeframe. While the weekly and monthly time bullish, the calls for the beginning of the Bitcoin bear market are growing louder on X. Two prominent analysts have weighed in on what t...NewsBTC
Wed, Apr 2
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
