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- Submitted Apr 3, 2025|From cnbc.com|1 comment
Eric Trump says his family was “the most canceled company, probably on Earth.” That was then. With his dad, President Donald Trump, back in the White House, he sees a new money-making opportunity. “It actually is what drove us toward ...
- Submitted Apr 3, 2025|From bankunderground.co.uk
Interventions in corporate credit markets have featured prominently in the policy response to crisis episodes over the last two decades. Loan forbearance features prominently among those interventions by lenders and/or regulators. It is a practice ...
- Submitted Apr 3, 2025|From bea.gov
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $122.7 billion in February, down $8.0 billion from $130.7 billion in January, revised. February exports were $278.5 billion, $8.0 ...
- Submitted Apr 3, 2025|From statcan.gc.ca
In February, Canada's merchandise exports decreased 5.5%, while imports were up 0.8%. As a result, Canada's merchandise trade balance with the world went from a surplus of $3.1 billion in January to a deficit of $1.5 billion in February. Due to the ...
- Submitted Apr 3, 2025|From dol.gov
In the week ending March 29, the advance figure for seasonally adjusted initial claims was 219,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 224,000 to 225,000. The 4-week ...
- Submitted Apr 3, 2025|From cnbc.com|17 comments
U.S. President Donald Trump on Wednesday laid out the “reciprocal tariff” rates that more than 180 countries and territories will face under his sweeping new trade policy. The announcement sent stocks tumbling and prompted investors to seek refuge ...
- Submitted Apr 3, 2025|From challengergray.com
U.S.-based employers announced 275,240 job cuts in March, a 60% increase from the 172,017 cuts announced one month prior. It is up 205% from the 90,309 cuts announced in the same month in 2024, which was the highest monthly total recorded last year, ...
- Submitted Apr 3, 2025|From ecb.europa.eu
Ms Schnabel started her presentation by noting that, since the Governing Council's previous monetary policy meeting on 29-30 January 2025, euro area and US markets had moved in opposite directions in a highly volatile political environment. In the euro area, markets had focused on the near-term macroeconomic backdrop, with incoming data in the euro area surprising on the upside. Lower energy prices responding in part to the prospect of a ceasefire in Ukraine, looser fiscal policy due to increased defence spending and a potential relaxation of Germany’s fiscal rules had supported investor sentiment. This contrasted with developments in the United States, where market participants’ assessment of the new US Administration’s policy decisions had turned more negative amid fears of tariffs driving prices up and dampening consumer and business sentiment. ECB ACCOUNTS: IT WAS ARGUED THAT IT WAS NO LONGER POSSIBLE TO BE CONFIDENT THAT MONETARY POLICY WAS RESTRICTIVE ECB ACCOUNTS: THE COMBINATION OF US TARIFFS AND RETALIATION MEASURES COULD ALSO POSE UPSIDE RISKS TO INFLATION ECB ACCOUNTS: SIGNIFICANT EXPANSION OF FISCAL POLICY… ECB Account: Both A Rate Cut And A Pause Are On Table For April
- Submitted Apr 3, 2025|From @FirstSquawk
OPEC+ COUNTRIES AGREE TO THE INCREMENT ORIGINALLY PLANNED FOR MAY IN ADDITION TO TWO MONTHLY INCREMENTS THE EIGHT OPEC+ COUNTRIES WILL MEET ON THE 5TH OF MAY TO DECIDE ON JUNE PRODUCTION LEVELS OPEC+ PLANS TO INCREASE 411K B/D IN MAY
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on healthier oil market outlook The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 3 April 2025, to review global market conditions and outlook. In view of the continuing healthy market fundamentals and the positive market outlook, and in accordance with the decision agreed upon on 5 December 2024, subsequently reaffirmed on 3 March 2025, to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day, equivalent to three monthly increments, in May 2025, as detailed in the table below. This comprises the increment originally planned for May in addition to two monthly increments. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability. The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation.
- Submitted Apr 3, 2025|From channelnewsasia.com
U.S. crypto stocks declined in premarket trading on Thursday after President Donald Trump's latest round of sweeping tariffs rattled investor confidence due to rising global trade tensions, sparking a sell-off in riskier assets. Crypto exchange ...
- Submitted Apr 3, 2025|From bnnbloomberg.ca
A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and silver to the U.S. came to an abrupt halt with Wednesday’s announcement that precious metals would be exempt from Donald Trump’s sweeping tariffs. For several ...
- Submitted Apr 3, 2025|From rigzone.com
Commodity trader Gunvor Group posted a 42% drop in profit in 2024, as the energy-market volatility that drove mega earnings in previous years declined. Net profit fell to $729 million last year, while revenues grew due to higher volumes of ...
- Submitted Apr 3, 2025|From @MarosSefcovic|11 comments
Unjustified tariffs inevitably backfire. We'll act in a calm, carefully phased, unified way, as we calibrate our response, while allowing adequate time for talks. But we won't stand idly by, should we be unable to reach a fair deal. I'll speak to my U.S. counterparts tomorrow. pic.twitter.com/tA9l40wvRE
- Submitted Apr 3, 2025|From @LiveSquawk
EU Members Set To Vote On April 9th On Countermeasures To US Steel And Aluminium Tariffs – Senior EU Official
- Submitted Apr 3, 2025|From @financialjuice|14 comments
Spain's PM Sanchez: Today, we are responding to US tariffs with €14.1 billion plan to protect our economy SPAIN'S PM SANCHEZ: WE WILL TAKE ADVANTAGE OF THIS TRADE WAR TO MODERNISE OUR INDUSTRY AND MAKE IT MORE INTERNATIONAL-FOCUSED EU MUST SET UP AID FUND FINANCED BY REVENUES FROM TARIFFS ON U.S.
- Submitted Apr 3, 2025|From @LiveSquawk|2 comments
US Sec Of State Rubio: Trump Has Been Clear About The US Staying In NATO - US Will Also Need To Increase Its Defense Spending - Want To Leave Here With Every Nato Member Committing And Fulfilling To Reach Up To 5% Spending
- Submitted Apr 3, 2025|From fxdailyreport.com
Natural gas is currently trading within a symmetrical triangle pattern on the daily chart, signaling a period of consolidation after the significant volatility witnessed in March. The price is hovering around the $3.978 level, positioned above both ...
- Submitted Apr 3, 2025|From dailyforex.com
The BTC/USD pair remained above the key support at 85,000 as the market reacted to Donald Trump’s Liberation Day speech in which he announced tariffs on more American imports. Bitcoin rose to $86,500, almost 13% from its lowest level this year. US ...
- Submitted Apr 3, 2025|From dailyforex.com
My previous EUR/USD signal on 18th March produced a profitable short trade from the bearish reversal from the resistance level at $1.0951. Go short following a bearish price action reversal on the H1 timeframe immediately upon the next touch of ...
- Submitted Apr 3, 2025|From cnbc.com|7 comments
U.S. President Donald Trump will “buckle under pressure” and alter his tariff policies if Europe bands together, acting German economy minister Robert Habeck said Thursday. “That is what I see, that Donald Trump will buckle under pressure, that he ...