Business

US tariffs drive steep drop in EU exports for second month

Friday, April 17 by SRN News

By Philip Blenkinsop BRUSSELS, April 17 (Reuters) - European Union exports to the United States dropped by more than a quarter for a second consecutive month in February, but may be exaggerating the impact of President Donald Trump's tariffs, given they follow a year-ago period... Read More.

Truist beats profit view on strong growth in investment banking, trading

Friday, April 17 by SRN News

By Manya Saini April 17 (Reuters) - U.S. bank Truist Financial topped first-quarter profit estimates on Friday, thanks to solid growth in investment banking fees and trading, as well as higher interest income. Investment banking fees have climbed across the industry as companies continue to pursue... Read More.

Russell 2000 scales intraday peak weeks after war-driven slide into correction

Friday, April 17 by SRN News

April 17 (Reuters) - The small-cap Russell 2000 hit its first intraday record high on Friday since the U.S.-Iran conflict erupted, joining other major indexes at all-time highs and suggesting the recent equities rally is broadening beyond large companies. The move comes less than a... Read More.

Wall St climbs at open after Iran says Strait of Hormuz open

Friday, April 17 by SRN News

April 17 (Reuters) - Wall Street's main indexes opened higher on Friday after Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following a ceasefire accord agreed in Lebanon. The Dow Jones Industrial Average rose 210.1 points, or 0.43%, to 48,788.81 at... Read More.

Global markets surge as Iran says Strait of Hormuz open during ceasefire

Friday, April 17 by SRN News

LONDON, April 17 (Reuters) - Stocks and bond prices jumped on Friday, while oil and the dollar fell sharply after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire,... Read More.

Hedge fund stock buying hits $86 billion as Iran peace hopes, Goldman data shows

Friday, April 17 by SRN News

By Nell Mackenzie LONDON, April 17 (Reuters) - Systematic hedge funds boughts stock at a record pace in the last five trading sessions, adding $86 billion of stock exposure, said a Goldman Sachs note published late Thursday and seen by Reuters on Friday shows. Such hedge... Read More.

Walmart’s Flipkart plans foray into India’s ticketing market as live events boom, sources say

Friday, April 17 by SRN News

By Kritika Lamba, Aditya Kalra and Chandini Monnappa BENGALURU/NEW DELHI, April 17 (Reuters) - Walmart-owned Indian e-commerce firm Flipkart plans to sell movie and concert tickets in India, moving into a fast-growing space driven by consumers spending more on entertainment, two sources familiar with the... Read More.

Morning Bid: Investors give peace a chance

Friday, April 17 by SRN News

By Anna Szymanski April 17 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! If the biggest Middle East conflict in decades - complete with the disruption of... Read More.

Lilly’s Foundayo hits 1,390 prescriptions in debut week

Friday, April 17 by SRN News

April 17 (Reuters) - Eli Lilly's newly launched obesity pill was prescribed 1,390 times in the U.S. as of the week ended April 10, according to an analyst who cited IQVIA data. Novo Nordisk's oral Wegovy had hit 3,071 U.S. prescriptions in the first four... Read More.

Wanna bet? Washington steps up scrutiny of prediction markets

Friday, April 17 by SRN News

WASHINGTON (AP) - As the United States was preparing a daring mission to rescue an airman whose fighter jet was shot down by Iran, there was money to be made. Users on Polymarket, the world's largest prediction market, could place bets on when the airman... Read More.

Current Weather

US tariffs drive steep drop in EU exports for second month

Truist beats profit view on strong growth in investment banking, trading

Russell 2000 scales intraday peak weeks after war-driven slide into correction

Wall St climbs at open after Iran says Strait of Hormuz open

Global markets surge as Iran says Strait of Hormuz open during ceasefire

Hedge fund stock buying hits $86 billion as Iran peace hopes, Goldman data shows

Walmart’s Flipkart plans foray into India’s ticketing market as live events boom, sources say

Morning Bid: Investors give peace a chance

Lilly’s Foundayo hits 1,390 prescriptions in debut week

Wanna bet? Washington steps up scrutiny of prediction markets

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