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Trading Day: When the chips are down

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Tariffied once again The respite was too good to last, and sure enough, it didn’t. World stocks fell into a downward spiral on ...
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Foreign holdings of US Treasuries rise in February

By Alden Bentley (Reuters) -Foreign holdings of U.S. Treasuries rose 3.4% in February, data from the Treasury Department showed on Wednesday, with the two largest owners, Japan and China, building up their U.S. debt holdings. Total overseas holdings of U.S. Treasuries amounted to $8.817 trillion, up ...
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Powell does not think Trump’s labor board firings case will apply to Fed

By Howard Schneider CHICAGO (Reuters) – The legal case before the Supreme Court over President Donald Trump’s firing of two Democrats from federal labor boards does not likely apply to the Federal Reserve, the head of the U.S. central bank said ...
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Argentine peso recoups lost ground after FX control ease, Milei rules out intervention

BUENOS AIRES (Reuters) – Argentina’s peso closed 6.6% higher on Wednesday, regaining ground lost after the currency tumbled on a lifting of capital controls earlier in the week. The currency closed the week, shortened due to the Easter holiday, at 1,125 ...
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Tech stocks slide on US-China trade fight, gold hits record

BOSTON/LONDON (Reuters) – Global shares fell on Wednesday as U.S. restrictions on chip sales to China and continued tariff uncertainty battered tech stocks, while gold traded at record highs and the dollar languished. Washington issued new export licensing requirements for sales to China of Nvidia’s ...
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Ford Motor may hike prices in May if Trump’s auto tariffs persist, Automotive News reports

(Reuters) – Ford Motor may raise prices of its new vehicles in May if U.S. President Donald Trump’s auto tariffs are not eased, Automotive News reported on Wednesday, citing a memo to dealers. Both U.S. and foreign automakers have rushed to ...
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Fed’s Powell says markets orderly, downplays intervention risk

By Michael S. Derby (Reuters) -Federal Reserve Chair Jerome Powell suggested on Wednesday that hopes the central bank will step in to tamp down on market volatility are likely misplaced. Asked if the Fed would intervene to counter sharp declines in the stock market, Powell ...
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OpenAI picks labor icon Dolores Huerta and other philanthropy advisers as it moves toward for-profit

OpenAI has named labor leader Dolores Huerta and three others to a temporary advisory board that will help guide the artificial intelligence company’s philanthropy as it attempts to shift itself into a for-profit business. Huerta, who turned 95 last week, formed the first farmworkers union ...
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Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision. The program developed during Joe Biden’s presidency was credited by ...
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Powell says Federal Reserve can wait on any interest rate moves

WASHINGTON (AP) — The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. “As that great Chicagoan Ferris Bueller once ...
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Powell says Fed to stay on hold until clarity on tariff impact

(Reuters) – U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said ...
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BP begins loading its first LNG cargo from Venture Global’s Calcasieu Pass plant

By Curtis Williams (Reuters) – BP Plc will begin loading its first shipment of liquefied natural gas from Venture Global’s Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data. The BP-chartered vessel British Mentor was about to dock at the ...
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