Inflation slows to 2.6pc in ‘calm before the storm’
Inflation eased back last month, paving the way for interest rate cuts as economists said “Storm Donald” would limit price rises but hurt growth.
Cardano’s ADA Leads Majors Slide Amid Bitcoin Profit-Taking; ProShares Amends XRP ETF
A slump in majors came as Chinese stocks in Hong Kong extended their losses to as much as 2.9% after Wednesday’s open despite the Chinese economy growing 5.4% in the first quarter.
Markets wobble over US-China wrangling
It's been a sea of red in Asia so far on Wednesday, with new U.S. moves turning up the heat in the trade war with China, but at least the losses have been relatively shallow compared with other down days of the past few weeks. Washington issued new export licensing requirements for Nvidia's H20 and AMD's MI308 artificial intelligence chips to China. Nvidia's shares slumped 6% in after-hours trading, after it said the move would cost $5.5 billion.
Don’t be fooled into buying the cheapest stocks in a downturn
Stock market investors are bound to feel a degree of trepidation following recent economic events. After all, the near-term outlook for inflation, interest rates and GDP growth has been turned on its head by the prospect of extreme US tariffs. Indeed, the potential for further heightened uncertainty may be sufficient to convince some equity investors to seek shelter in other mainstream assets.
Red-hot Netflix is proving itself as a recession-resistant stock
Bank of America called Netflix stock a "defensive choice" compared to other tech companies.
Oil rises as US issues new sanctions targeting Chinese importers of Iranian oil
Oil prices rose more than $1 a barrel on Wednesday after Washington issued new sanctions targeting Chinese importers of Iranian oil. Brent crude futures rose $1.08, or 1.67%, to $65.75 a barrel by 11:43 a.m. EDT (1543 GMT) while U.S. West Texas Intermediate crude rose $1.14, or 1.86%, to $62.47. The U.S. on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot refinery", as President Donald Trump seeks to ramp up pressure on Tehran, and drive Iranian oil exports down to zero.
Worried About How Tariffs Will Impact Your Portfolio? It's Time to Buy This Top Cryptocurrency That Has 15,000% Upside, According to One Billionaire.
Tariffs have been the most important news story so far this year. The president has caused investors a lot of uncertainty with rapid-fire announcements affecting global trade and the flow of capital. The market has responded with extreme volatility.
Crypto exchange OKX relaunches in U.S. two months after settling with DOJ for $500 million
The Seychelles-based crypto exchange also established a regional HQ in San Jose, California, and appointed Roshan Robert as its new U.S. CEO.
Janover Doubles Solana Holdings to $21M, Sees 1,700% Stock Surge After Crypto Pivot
Janover, a real estate-focused fintech company, has ramped up its investments in Solana (SOL), now holding a total of 163,651 tokens, valued at approximately $21.2 million.
Canada To Launch 4 Spot Solana ETFs on April 16, Beating U.S. to Market
Four asset managers—Purpose, Evolve, CI, and 3iQ—are set to launch spot Solana exchange-traded funds (ETFs) in Canada on April 16.