News Highlights: Top Global Markets News of the Day - Wednesday at 11 AM ET
IMF Warns Surge in U.S., China Debt Could Have 'Profound' Impact on Global Economy
The U.S. and Chinese governments should take action to lower future borrowing, as a surge in their debts threatens to have "profound" effects on the global economy, the International Monetary Fund said.
Hannon's Take: Dead Set on Divergence
The messaging on interest rates from the Fed and the ECB was starkly different on Tuesday.
Stocks Waver as More Earnings Roll In
U.S. stocks wobbled after a recent selloff, while earnings season is driving some big moves in stocks on both sides of the Atlantic.
U.S. Crude Oil Supplies Rise More Than Expected
Weekly commercial crude storage grew by 2.7 million barrels to 460 million barrels, while analysts predicted an increase of 600,00 barrels.
Bitcoin's Halving Is Coming. Miners Are Looking for New Ways to Make Money.
Crypto-industry companies turn to artificial intelligence to diversify.
Dealmaking Is Looking Up as Companies Stop Waiting Out the Fed
Borrowers are getting on with things as rates are set to remain high for longer.
U.K. Inflation Eases as BOE Readies for Rate Cuts
The U.K.'s annual rate of inflation cooled to a two-and-a-half year low in March, a contrast with hotter-than-expected recent prints in the U.S. that makes it likely that the Bank of England will lower its key interest rate later this year.
Chinese Regulators Downplay Effects of New Equities Rules
Chinese regulators sought to reassure investors in the wake of new rules governing its beleaguered equities markets, saying the once-in-a-decade changes will affect relatively few of the country's thousands of publicly traded companies.
Biden Calls for Steep Hike to Tariff on Chinese Steel
The president wants to increase a key tariff rate on Chinese steel and aluminum products to 25% from 7.5%.
Iran Braces for Retaliatory Israeli Attack
The U.S. and European nations are pressing Israel to moderate its response after Iran's weekend assault, hoping to cool tensions as Tehran readies its forces.
(END) Dow Jones Newswires
April 17, 2024 11:15 ET (15:15 GMT)
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