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
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
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
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
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
SPACs Set to Capitalize on IPO Freeze With $1 Billion Deal Burst
President Donald Trump’s tariff war has hammered stocks and bonds, and shuttered the traditional IPO market. Yet even with risk appetite on hold, the area that could benefit most from the rampant volatility is among the most speculative: The SPAC market.
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Publicat el April 17, 2025 a les 18:49
Pimco, T. Rowe Bet on SEC Shift With Push for Tax-Savvy Funds
Optimism is building that a game-changing fund design that will help asset managers shrink clients’ tax bills and grow their ETF businesses will soon be approved by the US securities regulator.
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Publicat el April 17, 2025 a les 18:34
Fitch Upgrades Bausch + Lomb, Bausch Health But Keeps Both Junk
Fitch Ratings upgraded its credit grade on both Bausch + Lomb Corp. and its parent company Bausch Health Cos., but said the eye care unit’s ratings will continue to be under pressure unless the two separate.
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Publicat el April 17, 2025 a les 18:19
Chinese Tea Chain’s US Shares Rise 43% as IPO Defies Volatility
Shares of Chagee Holdings Ltd. climbed as much as 43% in their debut session after the Chinese tea chain raised $411 million in its US initial public offering, defying a market besieged by trade-war volatility.
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Publicat el April 17, 2025 a les 18:04
Petrobras Cuts Fuel Prices Amid Oil Slump, Government Pressure
Brazil’s state-controlled oil producer Petroleo Brasileiro SA is reducing diesel prices for the second time this month after a recent downturn in the global oil market and amid political pressure for price relief at the pump.
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Publicat el April 17, 2025 a les 17:49