13:57 2025-04-09
Traders shorting U.S. stocks made nearly $160 billion in six daysTraders betting on falling stock prices have made $159 billion in just six trading days after the escalating trade war sent US stocks tumbling more than 10 per cent. According to S3 Partners LLC, US stocks have seen their biggest fall since 2022 since Trump announced sweeping tariffs, with shorting the S & P 500 index-tracking ETF (code SPY) the most profitable short bet during the period. Ihor Dusaniwsky, managing director of predictive analytics at S3, said that overall, no matter which short ...
13:51 2025-04-09
Ethereum researcher Virgil Griffith has been releasedEthereum researcher Virgil Griffith, who was jailed for traveling to North Korea and demonstrating blockchain there, has been released.
Previously, it was reported that Ethereum developer Virgil Griffith had traveled to North Korea in 2019 to "demonstrate and provide technical advice on the use of cryptocurrency and blockchain technology to evade sanctions", violating the sanctions law. In 2022, he was sentenced to 63 months in prison, which is about five years in prison.
13:51 2025-04-09
Federal Reserve Kashkari: Tariffs will raise the threshold for rate cutsMr. Kashkari said the Fed was unlikely to cut interest rates in the face of tariffs even if the economy started to deteriorate, given their impact on inflation. Mr. Kashkari said Mr. Trump's tariffs were "much higher and much broader than anticipated" and that he expected them to reduce investment and economic growth.
13:33 2025-04-09
Bescent: Trump may reach a tariff deal with U.S. alliesU.S. Treasury Secretary Vincent Bessant said Wednesday that he believes the Trump administration can reach a tariff deal with U.S. allies as he prepares to lead negotiations with more than 70 countries in the coming weeks. Speaking at an American Bankers Association conference in Washington, Bessant said he would play a leading role in Trump's tariff negotiations. He added that despite the financial marekt, "overall, the companies I've talked to, the people who've come, the CEOs, and the people ...
13:33 2025-04-09
U.S. stocks opened mixedU.S. stocks opened mixed, with the Dow down 0.88%, the Nasdaq up 0.18% and the S & P 500 down 0.43%. Merck, Eli Lilly and Pfizer all fell more than 3% after Trump said the United States would impose tariffs on medicines.
13:09 2025-04-09
European Union imposes 25% tariffs on USThe 27 member states of the European Union voted to impose a 25% tariff on US imports in retaliation for steel and aluminium tariffs the Trump administration announced on March 12. The European Union approved tariffs on US goods 21 billion euros in response to the metals dispute.