Information
- Apr 03, 2025
OPEC+ unexpectedly speeds up oil output hikes, oil drops
LONDON/MOSCOW (Reuters) -Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that prompted oil prices to extend earlier sharp losses. Oil, which was already down over 4% on U.S. President Donald Trump's announcement of tariffs on trading partners, extended declines after OPEC updated its plans in a statement, with Brent crude dropping over 6% to below $70 a barrel. Eight members of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies led by Russia, had been scheduled to raise output by 135,000 barrels per day in May as part of a plan to gradually unwind their most recent layer of output cuts.
- Apr 03, 2025
Apple leads decline in tech stocks after Trump announces sweeping new tariffs
Trump’s sweeping tariffs have sent tech stocks tumbling.
- Apr 03, 2025
Regulation, openness, and a modern platform needed for legacy banks to embrace cryptos
Western banks and regulators need to take note of Emirates NBD’s crypto innovation argues Blandina Szalay
- Apr 03, 2025
Regulation, openness, and a modern platform needed for legacy banks to embrace cryptos
Western banks and regulators need to take note of Emirates NBD’s crypto innovation argues Blandina Szalay
- Apr 03, 2025
Jack Dorsey warns Bitcoin’s survival hinges on one thing
Jack Dorsey says Bitcoin will fail if it doesn’t evolve beyond just a store of value — and offers a blunt take on what it needs to survive.
- Apr 03, 2025
'Tariff avoiders' among surprise bright spots dappling Europe markets
Shares of surprise tariff avoiders like pharmaceuticals and drinks firms and rate-sensitive stocks such as real estate were among the few to post gains in Europe on Thursday, as fears of a global recession sent wider markets tumbling. The broad STOXX 600 dropped to its lowest in two months and was last down 1.2%, but U.S. index futures fell more, around 3%, as President Donald Trump’s drastic trade tariffs sent investors out of stocks into the safety of bonds and gold. Among the gloom in the stocks world, surprise bright spots appeared, particularly in those sectors where investors had been bracing for high tariffs, but did not see their worst fears materialise.
- Apr 03, 2025
NRF expects ‘slower trajectory for consumer spending’ in 2025 as tariffs fuel uncertainty, inflation fears
Retail sales could grow 3.7% at best — or well under 3% — as many consumers reach the limits of their spending power, the trade group said.
- Apr 03, 2025
US Emerges as Biggest Loser in Markets From Trump’s Tariffs
(Bloomberg) -- President Donald Trump’s shake-up of the global trading system is hurting US assets more than those in many of the big economies he has just slapped with additional tariffs.Most Read from BloombergMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLondon Clears Final Hurdle for More High-Speed Trains to EuropeLocal Governments Vie for Fired Federal WorkersChicago School District Agrees to Minimum 16% Teacher Pay RaiseUS equity index futures tumbled more th
- Apr 03, 2025
Global Stocks Plunge on Larger-Than-Expected US Tariffs
Global stocks are slumping Thursday after President Donald Trump imposed sweeping reciprocal tariffs on U.S. trading partners that were worse that investors expected and raised fears of a growing trade war.