News
Important Only
Technical Analysis
Gold soars to record high as trade war erupts, USD crashes to 35-month low
Gold's price rally extended for the third straight day on Friday with the yellow metal hitting a new all-time high of $3,245. Gains of over 2% were posted amid the escalation of the trade war between the US and China and its impact on the global economy.
Fxstreet
Fri, Apr 11
Other
ADVISORY-Alert on Indiana Michigan Power incorrectly tagged to I&M Group withdrawn
April 11 (Reuters) - An alert announcing American Electric Power's AEP.O subsidiary Indiana Michigan Power filing a proposal to acquire Oregon Clean Energy Center was inadvertently tagged to Kenya-based I&M Group IMH.NR, an unrelated company, and has been withdrawn. For the correctly coded a...Reuters
Fri, Apr 11
Other
Golf-Masters rookie McCarty goes from cut line to contention
By Frank PingueAUGUSTA, Georgia, April 11 (Reuters) - Masters debutant Matt McCarty was prepared to spend the weekend at Augusta National watching the conclusion of the Masters but will have a much better view after moving off the cutline and into contention on Friday.McCarty, in only his second ma...Reuters
Fri, Apr 11
Other
Witkoff-Putin meeting ends after more than four hours, Russian media say
April 11 (Reuters) - Talks between Russian President Vladimir Putin and U.S. special envoy Steve Witkoff concluded late on Friday after more than four hours, Russian media reported.Interfax news agency said Witkoff, President Donald Trump's envoy for the Middle East and increasingly involved in ...Reuters
Fri, Apr 11
Commodities
White House proposes to eliminate NOAA climate research in budget proposal
By Valerie Volcovici April 11 (Reuters) - The administration of President Donald Trump aims to eliminate the arm of the National Oceanic and Atmospheric Administration that oversees research on climate change, and refocus the U.S. fisheries service to support energy development, according to a dr...Reuters
Fri, Apr 11
Commodities
Valero Mexico suspended from the country's import registry for motor fuels
MEXICO CITY, April 11 (Reuters) - Valero Mexico said on Friday that it was notified by the country's tax authority that it had been "momentarily" suspended from the registry of importers for motor fuels but that it was cooperating with an investigation. One of the country's largest p...Reuters
Fri, Apr 11
Other
FAA to conduct drone-detection testing in New Jersey
By David Shepardson WASHINGTON, April 11 (Reuters) - The Federal Aviation Administration will conduct drone-detection testing in New Jersey starting on Monday after a spike in reports last year and continuing sightings near airports.The FAA will operate several large drones and about 100 commerci...Reuters
Fri, Apr 11
Commodities
Abu Dhabi's ADNOC mulls bid for Aethon's US natgas assets, source says
April 11 (Reuters) - Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management's U.S. natural gas assets, according to a person familiar with the matter.ADNOC has done a string of acquisitions in gas and chemicals, which along with...Reuters
Fri, Apr 11
Stocks
SoFi Leads Soaring Financial Stocks This Week
The financial market made a quick recovery this week with some of the more volatile names in the industry leading the way. Wenesday's news that tariffs (outside of China) would be delayed by 90 days led to some optimism and even weak economic data late in the week didn't put a damper on the market.A...The Motley Fool
Fri, Apr 11
Other
Triple-I: California homeowners insurance rates must rise despite any regulatory progress
By Isha MaratheApril 11 - (The Insurer) - Regardless of any move California regulators might take, the state will not be able to avoid the inevitability of homeowners' premium rate hikes amid more aggressive wildfire events and tariff uncertainty, the Insurance Information Institute (Triple-I) ...Reuters
Fri, Apr 11
Commodities
Xi and Lula step up meetings, firming China-Brazil ties with eyes on Trump
By Lisandra Paraguassu BRASILIA, April 11 (Reuters) - Brazil's President Luiz Inacio Lula da Silva will travel to China next month for his third meeting with President Xi Jinping since taking office in 2023, the government in Brasilia said, and a fourth meeting is already planned for July.The...Reuters
Fri, Apr 11
Economic Indicator
Peru economy to face moderate impact from US tariffs, central bank says
US tariffs impact 70% of Peru's exports, says central bank economistEnergy and critical minerals exports exempt from US tariffsPeru's economy grew 4% in Q1, central bank maintains low interest rateBy Marco Aquino and Natalia Siniawski LIMA, April 11 (Reuters) - Newly implemented U.S. tari...Reuters
Fri, Apr 11
Other
Mangione lawyers ask judge to prevent US prosecutors from seeking death penalty
April 11 (Reuters) - Luigi Mangione's lawyers on Friday asked a judge to prevent the U.S. government from seeking the death penalty for Mangione, who is accused of shooting and killing the CEO of UnitedHealth Group's UNH.N insurance division, in New York last year.Reuters
Fri, Apr 11
Commodities
US natgas prices ease on small daily output rise, trade tariff worries
US LNG export feedgas on track to hit record high in AprilUS gas output on track to slide in April from March recordUS gas storage about 4% below five-year averageBy Scott DiSavino April 11 (Reuters) - U.S. natural gas futures eased about 1% on Friday on a small increase in daily output and worri...Reuters
Fri, Apr 11
Forex
FOREX-US dollar under pressure as investors are shaken by trade war
Analysts say trade policies undermine confidenceSwiss franc leaps to decade-high, euro at three-year peakYen hits multi-month high after selloff in US shares, Treasuries Gold hits fresh new peakBy Chibuike Oguh, Lucy Raitano NEW YORK/LONDON, April 11 (Reuters) - The dollar weakened against major ...Reuters
Fri, Apr 11
Stocks
Wall St Week Ahead-Broadening asset volatility intensifies worries for tariff-tossed US stocks
Dollar weakness, spiking Treasury yields rattle investorsEarnings in coming week include Goldman, J&J, Netflix Retail sales on deck, tariff news remains in focusBy Lewis Krauskopf NEW YORK, April 11 (Reuters) - Wild swings in global markets are poised to keep U.S. stock investors on edge in t...Reuters
Fri, Apr 11
Commodities
Brent, WTI prices climb more $1 on possible Iran crude restriction
China imposes 125% tariff on US goods, escalating trade warEIA lowers global economic growth and oil demand forecastsBy Erwin Seba April 11 (Reuters) - Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end ...Reuters
Fri, Apr 11
Stocks
PRECIOUS-Gold soars past $3,200 as trade war deepens, dollar loses ground
Bullion is up over 6% this weekChina raised tariffs on U.S. imports to 125%U.S. monthly producer prices unexpectedly fell in MarchBy Anjana Anil April 11 (Reuters) - Gold blazed past the $3,200 mark on Friday, as a faltering dollar and an escalating U.S.-China trade war stirred recession fears, s...Reuters
Fri, Apr 11
