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Hormuz Strait will not be stable if Iran war continues, China's foreign minister warns
BEIJING, April 2 (Reuters) - The issue of passage through the Strait of Hormuz is a spillover effect of the Iran war and the strait will not be stable as long as the fighting continues, China's foreign minister warned, state agency reported Thursday.Minister Wang Yi made the remarks during a cal...Reuters
Thu, Apr 2
Market Movers
Marathon Petroleum Corp Stock (MPC) Moved Up by 3.10% on Apr 2: Facts Behind the Movement
• Crude oil price surge drove Marathon Petroleum stock up. • Analysts raised price targets and maintained buy ratings for MPC. • Technical indicators suggest neutral to oversold conditions for MPC.
TradingKey
Thu, Apr 2
Market Movers
Albany International Corp Stock (AIN) Moved Down by 3.12% on Apr 2: Drivers Behind the Movement
• Conservative 2026 guidance missed analyst expectations, impacting sentiment. • Operational challenges in Machine Clothing and facility issues persist. • Analyst ratings are cautious with a consensus to reduce holdings.
TradingKey
Thu, Apr 2
Stocks
Space Stocks Jump With Planet Labs and Globalstar up 13%
Space stocks and funds jumped in morning trading. Planet Labs and Globalstar rose 13%; Intuitive Machines rose 12%; BlackSky Technology rose 10%; Viasat rose 9%; Telesat rose 8%; AST SpaceMobile, Firefly Aerospace, and Redwire rose 5%; Procure Space ETF rose 4%; Starfighters Space, Voyager Technolog...Tiger News
Thu, Apr 2
Economic Indicator
Logan sketches path to shrink size of Fed balance sheet
Dallas Fed president says paths exist to shrink balance sheetLogan says current Fed system has served economy wellShe says reducing reserves demand is a path to smaller Fed holdingsBy Michael S. Derby April 2 (Reuters) - Dallas Federal Reserve President Lorie Logan on Thursday laid out paths and ...Reuters
Thu, Apr 2
Stocks
Trump's fresh Iran threats give investors a risk-off reality check
Oil prices surge after Trump's comments on Iran conflictAnalysts warn of stagflation risks as prolonged war disrupts energy supplyInvestors shift to safe-haven assets, dollar strengthens amid market volatilityBy Ankur Banerjee and Gregor Stuart Hunter April 2 (Reuters) - U.S. President Donald...Reuters
Thu, Apr 2
Stocks
US STOCKS-Wall St drops over 1% after Trump's comments dent Iran resolution hopes
Indexes off: Dow, S&P 500 1.21% each, Nasdaq 1.68%Asset managers drop after Blue Owl caps investor withdrawalAirlines shares tumble on rising crude pricesIndexes set for biggest weekly jump in four monthsBy Purvi Agarwal and Twesha Dikshit April 2 (Reuters) - Wall Street's main indexes tu...Reuters
Thu, Apr 2
Stocks
Lindsay falls to lowest in over 5 years after Q2 revenue miss
Irrigation and infrastructure company Lindsay Corp LNN.N shares dip 5.2% to $111.08; shares hit lowest since November 2020The firm reported Q2 revenue of $157.70 mln, below consensus of $171.39 mln according to data compiled by LSEG"U.S. market conditions continue to put pressure on commodity pr...Reuters
Thu, Apr 2
Stocks
Baltic index hits near one-month high on rising rates across vessels
April 2 (Reuters) - The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose to its highest in nearly a month on Thursday on higher rates across vessel segments. The main Baltic index .BADI, which tracks rates for capesize, panamax an...Reuters
Thu, Apr 2
Economic Indicator
Saks Global secures $500 million exit financing, targets emergence from bankruptcy by summer
April 2 (Reuters) - Saks Global on Thursday said a group of bondholders has agreed to provide $500 million in exit financing after the luxury retailer emerges from bankruptcy proceedings, which is expected by this summer.The company had filed for Chapter 11 bankruptcy protection in January with $3.4...Reuters
Thu, Apr 2
Other
Ukrainian army draft officer fatally stabbed on duty
KYIV, April 2 (Reuters) - A Ukrainian military draft officer was fatally stabbed in the neck on Thursday while on duty in the western city of Lviv, authorities said, reflecting tension over mobilisation in Kyiv's war effort. Ukraine faces a manpower shortage as it fends off Russia's bigger a...Reuters
Thu, Apr 2
Other
Wall Street sees multi-billion dollar debut for Lilly's obesity pill despite Novo lead
By Mrinalika Roy April 2 (Reuters) - Eli Lilly's LLY.N newly approved weight-loss pill is expected to generate billions in sales as soon as this year, with analysts betting it will quickly narrow Novo Nordisk's NOVOb.CO head start in the oral market.Brokerages estimate 2026 sales of $1.5 ...Reuters
Thu, Apr 2
Stocks
US energy stocks rise after Trump says attacks on Iran will continue
S&P 500 energy index .SPNY up 2%, tracking rise in crude prices O/RBrent crude futures LCOc1 up 7.9% at $109.12/barrel and U.S. West Texas Intermediate crude CLc1 futures rise 12.5% to $112.60/barrelOil prices rise after President Donald Trump said the U.S. would continue attacks on Iran, stoki...Reuters
Thu, Apr 2
Commodities
China's actions against Panama-flagged vessels raise concerns, Rubio says
WASHINGTON, April 2 (Reuters) - China's recent actions against Panama-flagged vessels "raise serious concerns about the use of economic tools to undermine the rule of law in Panama," U.S. Secretary of State Marco Rubio said on Thursday.Reuters
Thu, Apr 2
Commodities
Citi projects Brent at $95/bbl in base case and $130/bbl in bull case for second quarter
April 2 (Reuters) - Citi said that for the second quarter of this year it sees Brent crude prices averaging $95 a barrel in the base case and $130 a barrel in the bull case. Brent crude futures LCOc1 climbed to around $110 a barrel on Thursday after President Donald Trump said the U.S. would continu...Reuters
Thu, Apr 2
Economic Indicator
Canada's February trade deficit surges to a six-month high on gold imports
Proportion of exports to US hits record lowTrade deficit in February was at C$5.74 billion Imports surged by 8.4% while exports rose by 6.4%By Promit MukherjeeOTTAWA, April 2 (Reuters) - Canada's merchandise trade deficit came in much wider than expected in February, data showed on Thursday, as ...Reuters
Thu, Apr 2
Stocks
Netflix Is Raising Subscription Prices Yet Again. Is the Stock a Buy?
Key PointsNetflix's lowest tier, which is ad-supported, will increase by $1 per month.The streamer's standard and premium subscriptions will each increase by $2 per month.It plans to spend an ambitious $20 billion on content spending this year, and just walked away from an attempted acquisition of c...The Motley Fool
Thu, Apr 2
Stocks
Ford falls as Q1 US auto sales drop
Shares of Ford F.N fall nearly 2.5% to about $11.40 in morning trading Co reports a near 9% drop in first-quarter U.S. salesHigher borrowing costs, expensive prices and no federal tax credits for electric vehicles have reduced demand for new cars in the U.S The Detroit automaker's peers incl...Reuters
Thu, Apr 2
