News
Important Only
Galaxy Digital profit falls, misses estimates on settlement costs
Galaxy Digital Holdings Ltd (TSX:GLXY) reported a decline in fourth-quarter profit, missing analyst expectations as settlement costs weighed on its bottom line. The digital asset and blockchain company's stock fell 3.5% following the announcement.Investing.com
Fri, Mar 28
Senator Bernie Moreno calls former SEC Chair Gary Gensler “one of the stupidest people in government”
Senator Bernie Moreno has criticized former SEC Chairman Gary Gensler, calling him “one of the stupidest people in government.” Senator Moreno made his remarks during a recent hearing while congratulating Paul Atkins for taking over from Gary Gensler.Cryptopolitan
Fri, Mar 28
Corn and wheat slip to new lows with planting and exports in focus
PARIS/SINGAPORE, March 28 (Reuters) - Chicago corn futures slipped to a new three-week low on Friday on expectations of increased U.S. planting this year, while wheat hit a seven-month low as traders focused on sluggish exports and rain relief in parts of the U.S. Plains.Reuters
Fri, Mar 28
European outperformance even extends to tariff stocks
European shares have outperformed U.S. in the first quarter of the year - you may have noticed one or two mentions of it - but one interesting sub facet of that genre is that this applies to tariff sensitive stocks relative to the broader market as well, probably not a good sign for the future.
Reuters
Fri, Mar 28
China's Xi urges global CEOs to protect trade as Trump tariffs loom
BEIJING, March 28 (Reuters) - China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese economy's health amid threats of more U.S. tariffs.Reuters
Fri, Mar 28
GameStop's Stock Plummets: Does Strategy's Bitcoin Approach Not Work?
TradingKey – Analysts suggest that the current market environment may not be ideal for launching a Bitcoin-centric strategy. Six to nine months ago, the diversification strategy of Strategy (formerly MicroStrategy)—which involved purchasing Bitcoin—was hailed as a classic example of successful...
TradingKey
Fri, Mar 28
Left Hand in Safe-Haven, Right Hand Against Inflation: International Gold Prices Hit New Highs with Seemingly No Resistance
TradingKey – This year, record-breaking gold prices have frequently made headlines across major media outlets. Geopolitical tensions, inflation trends, and U.S. tariffs have emerged as key drivers behind the surge in international gold prices, prompting both governments and individual investors to..
TradingKey
Fri, Mar 28
Rates down double digits at Japanese renewals as reinsurer appetite increases
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $69.41 per barrel, down from Thursday’s close at $69.77. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $72.93 after its previous daily close at $73.32.Reuters
Fri, Mar 28
Trump’s Tariffs Create Headaches for the Fed, BofA: Inflation Has Been Sticky, No Rate Cuts in 2025
TradingKey – The tariff war launched by U.S. President Donald Trump is undermining the Federal Reserve’s efforts to combat high inflation. The uncertainty stemming from these tariff policies has become a major concern for several Fed officials. Meanwhile, the CEO of Bank of America predicted that..TradingKey
Fri, Mar 28
UK retail sales unexpectedly rose in February, sterling climbs
Investing.com -- British retail sales unexpectedly climbed by 1% in February, driven by stronger demand at department stores and higher spending on clothing and household goods.Data released on Friday by the Office for National Statistics (ONS) revealed that the volume of goods purchased...
Investing.com
Fri, Mar 28
PRECIOUS-Gold touches record high as Trump tariffs fuel safe-haven demand
$3,100/oz is the next big milestone for gold, analyst saysCountries vow trade response if Trump enacts US Personal Consumption Expenditures data due later in the dayBy Anjana Anil and Anushree Mukherjee March 28 (Reuters) - Gold scaled a record peak on Friday as U.S. President Donald Trump's ...Reuters
Fri, Mar 28
US core PCE inflation expected to remain sticky, reinforcing Federal Reserve’s cautious stance on rate cuts
The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for February on Friday at 12:30 GMT. This index is the Federal Reserve’s (Fed) preferred measure of inflation.Fxstreet
Fri, Mar 28
Markets brace for cut to BOJ's super-long bond buying
TOKYO, March 28 (Reuters) - The Bank of Japan could take another key step toward diminishing its huge presence in the bond market next week, when it releases its bond-buying plan for the second quarter that may include a cut in the size of super-long bond purchases, analysts say.
Reuters
Fri, Mar 28
Carney talks tariff response
Investing.com -- Canada's Prime Minister Mark Carney announced today that the country will retaliate against the latest U.S. tariffs with trade actions of its own. The Prime Minister's statements came during a press conference, where he expressed that the United States is no longer viewed as a relia
Investing.com
Fri, Mar 28
Estimating the Impact of Trump's Auto Tariffs: Which Automakers Will Be Hit Hardest and How Much Will Car Prices Rise?
TradingKey – Recently, U.S. President Donald Trump announced that a 25% tariff on all non-U.S.-manufactured cars will take effect starting April 2. In response, the European Union and Canada have threatened retaliatory measures. Industry experts and Wall Street analysts predict that the resulting...
TradingKey
Fri, Mar 28
US car buyers face higher prices, less choice under Trump's tariffs
LONDON/WHITE LAKE, Michigan, March 28 (Reuters) - Major automakers can deal with President Donald Trump's tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said.Reuters
Fri, Mar 28
Gold price advances to fresh all-time peak amid tariffs-driven global flight to safety
Gold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday. The global risk sentiment takes a hit in reaction to US President Donald Trump's auto tariffs announced on Wednesday.Fxstreet
Fri, Mar 28