US stocks were mixed Thursday after President Donald Trump called for the termination of Federal Reserve Chair Jerome Powell for not cutting interest rates fast enough — a criticism he has levied multiple times in a long-standing feud between the president and the Fed chair.
Publicat el April 17, 2025 a les 20:06
Schwartz: Investors Should Stay Buckled | Bloomberg Open Interest 04/17/2025
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on “Bloomberg Open Interest.” The President piles pressure on Powell… calling on the Fed to cut rates and saying “Powell’s termination cannot come fast enough!” UnitedHealth had its biggest intraday fall since 2015 after profits fell more than expected and it cut earning guidance for the year; Eli Lilly saw gains after its experimental weigh-loss pill worked as well as the Ozempic shot in a trial; Google is found guilty of illegally monopolizing some online ad technology; Netflix earnings on deck as analysts expect it to weather the market turmoil better than rivals. (Source: Bloomberg)
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Publicat el April 17, 2025 a les 20:04
Dow Tumbles Hard Due to UnitedHealth. There Are Still Lots of Winners.
UnitedHealth is single-handedly bringing down the Chalk it up to the fact that the Dow is a price-weighted average and not an index that ranks its components by market value. Shares of UnitedHealth tumbled 22% after the company reported weak earnings and issued disappointing financial guidance. The Dow fell more than 400 points, or 1.1%, as a result.
Publicat el April 17, 2025 a les 19:51
EU Weighs Export Restrictions on US If Trade Negotiations Fail
The European Union is working on a proposal to introduce restrictions on some exports to the US as a possible retaliatory tactic in the expansive trade war President Donald Trump initiated last month.
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Publicat el April 17, 2025 a les 19:49
Global Payments Stock Swoons Following $24B Worldpay Acquisition
Shares of Global Payments tumbled 17% Thursday after the fintech firm announced the acquisition of payment processing company Worldpay from private equity firm GTCR and Fidelity National Information Services for $24.25 billion in cash and stock.
Publicat el April 17, 2025 a les 19:36
Day Traders Refuse to Give Up Favorite Obsession: Leveraged Funds
A punishing stock selloff and soaring volatility couldn’t keep investors away from one of the market’s riskiest corners: leveraged exchange-traded funds.
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Publicat el April 17, 2025 a les 19:34
Why Is ZTO Express Cayman (ZTO) Down 13.8% Since Last Earnings Report?
ZTO Express Cayman (ZTO) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.
Publicat el April 17, 2025 a les 19:21
Philadelphia Fed Names Chicago Fed’s Anna Paulson as President
Anna Paulson will be the next president of the Federal Reserve Bank of Philadelphia, replacing Patrick Harker who steps down on June 30.
Paulson, currently head of research at the Chicago Fed, will be the first woman to lead the Philadelphia Fed and will be a voting member on the central bank’s rate-setting committee next year.
Paulson will take office on July 1 and will focus on keeping inflation expectations anchored amidst a unique confluence of conditions that point towards stagflation. Catarina Saraiva, Bloomberg Federal Reserve Reporter reports. (Source: Bloomberg)
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Publicat el April 17, 2025 a les 19:19
Dow’s Divergence from S&P 500 Today Could Be Historic. Blame UnitedHealth.
The Dow and S&P 500 might do something that’s never happened before, and it’s all UnitedHealth’s fault. The Dow is down 500 points, or 1.2%, while the S&P 500 is up 0.4%; the S&P has never risen on a day that the Dow has fallen more than 1%, according to Dow Jones Market Data. The Nasdaq Composite was moving in and out of positive territory.
Publicat el April 17, 2025 a les 19:06
ECB Cuts Interest Rates Again as Trump Tariff Fears Threaten Recovery
The European Central Bank lowered interest rates for the seventh time since last June as trade tensions threaten to derail the region’s economic recovery, as Lizzy Burden reports. (Source: Bloomberg)
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Publicat el April 17, 2025 a les 19:04