NEW YORK (Reuters) -Stock indexes posted their biggest one-day gains in years, with the S&P 500 recording its largest rise since 2008, while the dollar gained and Treasuries pared losses on Wednesday after U.S. President Donald Trump declared a temporary U.S. pause on tariffs. The announcement by Trump came in the afternoon after days of market turmoil, with bond prices and the U.S. dollar selling off earlier in the day on fears that the administration's plans to raise tariffs to levels last seen more than 100 years ago would push the economy into recession. The president announced an immediate 90-day tariff pause for many countries even as he raised the levy on Chinese imports to 125%.
Where Wall Street is seeing bargains amid tariff-depleted areas of the stock market
Across Wall Street, 44 publicly traded companies were upgraded Tuesday to an equivalent rating of "buy" or "neutral."
US dollar weakens against safe-haven currencies in rattled markets
The U.S. dollar weakened against safe-haven currencies including the yen and the Swiss franc while the euro strengthened on Wednesday as markets grappled with tit-for-tat measures by major countries in response to U.S. tariffs. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods. EU countries also approved on Wednesday the bloc's first countermeasures against U.S. tariffs.
US stocks fall after Trump confirms 104pc tariffs on China
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BofA warns earnings in this corner of the stock market could be headed for a 20% drop because of tariffs
Firms that deal with housing products are facing a major EPS hit from the trade war, Bank of America wrote Tuesday.
Bitcoin Could Compete With Gold as Inflation Hedge Over the Next Decade, Says Blockstream CEO
Bitcoin could challenge gold as a hedge against inflation over the next decade, according to Blockstream CEO Adam Back.
Bitcoin User Accidentally Pays $60,000 in Fees After Panic-Induced RBF Error
A Bitcoin user accidentally paid nearly 0.75 BTC in transaction fees, worth around $60,000, after making a panic-driven error on April 8, 2025.
Samsung SDI cuts share sale price, as shaky global markets hit Asian deals
SEOUL (Reuters) -South Korean battery maker Samsung SDI, is cutting by 14% the price of new shares it will sell to raise 2 trillion won ($1.4 billion), as the global markets' selloff triggered by U.S. tariff fears hit corporate deals across Asia. Samsung SDI indicated on Wednesday it plans to sell its new shares at 146,200 Korean won ($98.41) each, down from the 169,200 won announced last month. A growing number of deals are being impacted by the volatility sweeping global markets in the aftermath of U.S. President Donald Trump's tariffs package.
Trump’s Tariffs Put Fed Chair Powell in a ‘No-Win Situation’
A trade war ties the Fed’s hands by pushing up inflation at the same time that uncertainty is sapping growth.
Why Tilray (TLRY) Stock Is Trading Lower Today
Shares of cannabis company Tilray Brands (NASDAQ:TLRY) fell 19.7% in the afternoon session after the company reported weak fiscal third-quarter 2025 results that missed analysts' sales and EBITDA estimates, signaling ongoing challenges in growing its top line.