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CORRECTED-CFPB to focus less on imposing penalties on companies, WSJ reports
WASHINGTON, April 16 (Reuters) - Consumer Financial Protection Bureau Chief Legal Officer Mark Paoletta said on Wednesday the bureau will focus on redressing "tangible harm" by getting money back directly to consumers rather than imposing penalties on companies, according to a memo posted by...Reuters
Apr 16, 2025
Commodities
US issues new sanctions targeting Chinese importers of Iranian oil
Action comes as Trump administration has relaunched negotiations with IranSanctions target China-based small independent refinersAction also targets companies, vessels tied to Iran's 'shadow fleet'Chinese embassy says China will take necessary steps to safeguard its legitimate rights and...Reuters
Apr 16, 2025
Other
BHP Group Sees To Deliver FY25 Unit Cost Guidance Across All Assets, Except BMA
April 17 (Reuters) - BHP Group Ltd BHP.AX:REMAIN ON TRACK TO DELIVER FY25 UNIT COST GUIDANCE ACROSS ALL ASSETS, EXCEPT BMASEES FY25 UNIT COST SAMARCO EXPECTED AT THE UPPER ENDSEES FY25 BMA NOW NO LONGER GUIDED TO UPPER HALF DUE TO WET WEATHERCOPPER SOUTH AUSTRALIA PRODUCTION GUIDANCE FOR FY25 REMAIN...Reuters
Apr 16, 2025
Other
US health chief Kennedy targets 'environmental toxins' as cause of autism
US health chief contradicts established science on autism causesPlans to study environmental factors like mold and medicineClaims, without evidence, autism is preventable, cites environmental exposureNarrows NIH goal to find autism causes by SeptemberKennedy's views on autism clash with scientif...Reuters
Apr 16, 2025
Commodities
Motiva restarts FCC at Port Arthur, Texas refinery, sources say
HOUSTON, April 16 (Reuters) - Motiva Enterprises MOTIV.UL restarted the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery, people familiar with plant operations said on Wednesday. The FCC was operating at 69,300 bpd on Wednesday, or 86...Reuters
Apr 16, 2025
Economic Indicator
New Zealand’s CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
New Zealand’s Consumer Price Index (CPI) rose 2.5% YoY in the first quarter (Q1) of 2025, compared with the 2.2% increase seen in the fourth quarter of 2024, according to the latest data published by Statistics New Zealand on Thursday.Fxstreet
Apr 16, 2025
Stocks
Simmons First National Corp reports results for the quarter ended March 31 - Earnings Summary
Simmons First National Corp SFNC.OQ reported quarterly adjusted earnings of 26 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of six analysts for the quarter was for earnings of 35 cents per sh...Reuters
Apr 16, 2025
Other
Alcoa expects $90 million tariff hit in second quarter, sees duties on China raising annual costs
April 16 (Reuters) - Alcoa AA.N said on Wednesday it expects U.S. tariffs on aluminum imports from Canada to cost the company about $90 million in the current quarter.Since his inauguration in January, U.S. President Donald Trump has announced - and sometimes reversed - tariffs on a slew of products...Reuters
Apr 16, 2025
Stocks
Synovus Financial Corp reports results for the quarter ended March 31 - Earnings Summary
Synovus Financial Corp SNV.N reported quarterly adjusted earnings of $1.30 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of seventeen analysts for the quarter was for earnings of $1.12 per share. W...Reuters
Apr 16, 2025
Other
Temu, Shein slash digital ads as tariffs end cheap shipping from China, data show
By Arriana McLymore NEW YORK, April 16 (Reuters) - Chinese online marketplace PDD.O Temu and fast-fashion retailer Shein, two of the biggest advertisers on U.S. social media, are sharply cutting their U.S. digital ad spending, industry data show, in a blow to tech companies such as Meta's Fac...Reuters
Apr 16, 2025
Stocks
Why AMD Stock Plummeted Today
Advanced Micro Devices (NASDAQ: AMD) stock saw a big valuation pullback Wednesday. The semiconductor company's share price ended the day's trading down 7.4% amid a 2.3% decline for the S&P 500 and a 3.1% decline for the Nasdaq Composite. Earlier in the session, the stock had been down as much as 10....The Motley Fool
Apr 16, 2025
Other
Carney clashes with chief rival for first time during Canada debate
Carney says experience makes him best to negotiate with TrumpPoilievre's Conservatives have raised cost of living, housing issuesQuebec votes often sway election outcomesBy David Ljunggren OTTAWA, April 16 (Reuters) - Prime Minister Mark Carney clashed with his chief rival for the first time ...Reuters
Apr 16, 2025
Stocks
Home BancShares Inc reports results for the quarter ended March 31 - Earnings Summary
Home BancShares Inc HOMB.N reported quarterly adjusted earnings of 56 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of eight analysts for the quarter was for earnings of 54 cents per share. W...Reuters
Apr 16, 2025
Other
Surprise! China and Japan actually raised their US treasury holdings in February
Investing.com -- Recent speculation that China and Japan were dumping U.S. Treasuries took a hit on Wednesday after a report from the U.S Treasury Department showed that foreign holdings of TreasuriesInvesting.com
Apr 16, 2025
Other
Jay Clayton to be interim US attorney for Southern District of New York, Trumps says
April 16 (Reuters) - President Donald Trump on Wednesday said Jay Clayton, a former chairman of the U.S. Securities and Exchange Commission, will serve as the interim United States attorney for the Southern District of New York."The Southern District needs strong leadership NOW, and I thank Jay ...Reuters
Apr 16, 2025
Other
Microsoft Announces Latest Iterations In O-Series Reasoning Series On Microsoft Azure Openai Service In Azure AI Foundry & Github - Blog
April 16 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT: ANNOUNCES LATEST ITERATIONS IN O-SERIES REASONING SERIES ON MICROSOFT AZURE OPENAI SERVICE IN AZURE AI FOUNDRY & GITHUB - BLOGReuters
Apr 16, 2025
Stocks
Kinder Morgan maintains annual profit forecast on soaring natgas demand
Kinder Morgan narrowly misses first-quarter profit estimatesExpects tariffs impact to be roughly 1% of the total project costsRemains bullish on natural gas demandBy Vallari SrivastavaApril 16 (Reuters) - U.S. pipeline and terminal operator Kinder Morgan KMI.N left its annual profit forecast unchan...Reuters
Apr 16, 2025
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