Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Stellantis has reached an agreement with trade unions for 350 voluntary layoffs at its plants in Pomigliano and Pratola Serra, primarily impacting employees nearing retirement. This decision aligns with the company's strategy to enhance production in Italy, as outlined in plans presented to the government in December. The layoffs involve 300 workers from the Pomigliano assembly plant and 50 from the Pratola Serra engine facility.
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
The Australian dollar, traditionally viewed as a risk proxy due to its export ties, is losing its correlation with global market sentiment amidst U.S. trade tensions. Despite a steady rise in value, analysts note that the currency's relationship with U.S. stocks has weakened significantly, highlighting a shift in dynamics influenced by U.S. economic policies and a growing reliance on offshore investments. This change in correlation may prompt traders to reconsider their strategies involving the Aussie.
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 9 hours ago
Asian shares mostly fell as investors reacted to uncertainty surrounding President Trump's impending tariff announcements. Japan's Nikkei 225 experienced a slight recovery while South Korea's Kospi and Hong Kong's Hang Seng declined. The market showed fragility amid worries about the impact of tariffs on inflation and economic growth, prompting a rise in gold prices. In the U.S., stock movements were mixed, with the S&P 500 rebounding slightly, while concerns about slowing economic growth led to a drop in Treasury yields.
Source: YAHOO
Reported about 9 hours ago
Bank of Japan Governor Kazuo Ueda cautioned that planned new U.S. tariffs could significantly impact global trade and economic growth. This warning comes just before President Trump is set to announce reciprocal tariffs, which could further strain trade relations following existing tariffs on aluminum, steel, and Chinese goods. Ueda emphasized the uncertainty surrounding the effects of these tariffs on trade activities and household spending, indicating that while short-term inflation may rise in the U.S., the long-term effects are unclear. Discussions on this topic are anticipated at the upcoming G20 meetings.
Source: YAHOO
Reported about 9 hours ago
Replit Inc., an AI coding startup, is in discussions for a funding round that could increase its valuation to $3 billion, reflecting a strong interest from Silicon Valley investors in AI-driven software development. The funding could raise around $200 million, as Replit gains attention for its innovative coding tools that simplify software creation, allowing both developers and non-technical users to build applications using AI assistance.
Source: YAHOO
Reported about 9 hours ago
Asian stocks experienced volatility as investors awaited details of U.S. President Trump's impending tariff plans, raising concerns about a potential global trade war. With existing tariffs on aluminium, steel, and automotive goods already unsettling markets, the latest proposed duties are expected to intensify investor anxiety. Economic indicators suggest a contraction in U.S. manufacturing and declining job openings, further exacerbating market uncertainty. Gold prices remain elevated as a safe-haven asset amid broader concerns over economic stability.
Source: YAHOO
Reported about 9 hours ago
As traders await U.S. President Donald Trump's tariff announcements on April 2, dubbed 'Liberation Day', the dollar shows slight firmness while other currencies remain stable. Key currencies like the euro and sterling see little change leading up to the news that could introduce sweeping tariffs impacting global trade. Concerns about escalating trade tensions and the potential economic fallout are keeping markets on edge.
Source: YAHOO
Reported about 10 hours ago
Australia's Star Entertainment is exploring a refinancing opportunity with U.S. casino group Bally's Corp after a failed A$940 million proposal from Salter Brothers Capital. The company's financial struggles and regulatory issues have led to a suspension of its shares, with reports indicating it has only a week of cash left to operate. Star's attempts to meet liquidity needs through the Salter proposal fell short, prompting the search for alternative support from Bally's.
Source: YAHOO
Reported about 11 hours ago
Oil prices stabilized in thin trading on Wednesday following a decline driven by concerns over new U.S. tariffs expected to exacerbate a global trade war, potentially impacting crude demand. Brent crude remained at $74.49 a barrel, while U.S. West Texas Intermediate rose slightly to $71.23. Market analysts anticipate that the impending announcement on tariffs could either push prices up or down, with risks leaning towards a decline if the measures underwhelm.
Source: YAHOO
Reported about 11 hours ago
Recent forecasts indicate that international travel to the U.S. is expected to decline by 9.4% this year, nearly doubling earlier predictions due to growing anger over the Trump administration's tariffs and rhetoric. High-profile incidents at U.S. borders and tensions with countries like Canada and Ukraine have further deterred potential visitors, leading to significant financial losses in the tourism sector. The forecast suggests a particularly harsh impact on border states and an overall drop in spending by foreign visitors.
Source: YAHOO
Reported about 11 hours ago
Oil prices remained steady as traders braced for impending US tariff announcements, following a significant rally last month. Brent crude traded below $75 while West Texas Intermediate hovered above $71, with uncertainty prevailing regarding the potential impacts of tariffs on global markets. President Trump is expected to unveil a variety of tariff measures, potentially affecting supply chains and geopolitical dynamics, particularly concerning Russia and Iran. Additionally, US crude inventories have reportedly risen, indicating possible shifts in the market.
Source: YAHOO
Reported about 11 hours ago
Michael Klein, a veteran in Brazilian retail, has proposed to reclaim his role as chairman of Casas Bahia, a company founded by his father in the 1950s. With a stake of 10.4%, he has requested a shareholders meeting to remove the current chairman, Renato Nascimento, and emphasizes the need for strategic leadership to adapt to modern consumer demands while maintaining executive continuity.
Source: YAHOO
Reported about 12 hours ago
US stock futures saw an uptick as Wall Street prepared for President Trump's impending announcement of new tariffs that could reshape global trade dynamics. Futures for the Dow Jones and S&P 500 rose 0.2%, while Nasdaq futures increased by 0.3%. The announcement, expected on Wednesday, has created uncertainty regarding the specific duties and their potential economic impact, with investors anxious about both opportunities and retaliatory reactions from trading partners. Fresh economic data and the upcoming March jobs report are anticipated to further illuminate the economic landscape.
Source: YAHOO