By STAN CHOE, AP Writer
NEW YORK (AP) — U.S. stocks rose Wednesday as a worldwide rally came back around to Wall Street after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war.
A collapse in volatility suggests that the painful stock market sell-off is over and that a fresh rally could be brewing.
That’s according to Jason Goepfert, senior research analyst at SentimenTrader, who told BI on Wednesday that the sharp decline in the Cboe Volatility Index, or VIX, flashed a “bear killer”
Chipotle (CMG)
After a rocky earnings report announcing that Chipotle missed the mark while lowering expectations for the year, Chipotle stock sank in after-hours trading. The fast food giant reported earnings of 29 cents per share and revenue of $2.88 billion falling short of the $2.94 billion analysts were looking for.
United States exchanges are betting big on cryptocurrency derivatives as market turbulence from US President Donald Trump’s looming trade war propels demand for the financial instruments.
Since late 2024, exchanges including Coinbase, Robinhood, Kraken, and the Chicago Mercantile Exchange (CME) Group have been listing new types of crypto derivatives and mulling multibillion-dollar acquisitions as they vie for control of the burgeoning market.
» Read more about: US exchanges bet big on crypto derivatives amid tariff turbulence »
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bbc.com
International News
Apr – 24 – 2025 , 07:13
2 minutes read
The price of Donald Trump’s cryptocurrency has soared after the US president promised to host two special events for its top investors.
» Read more about: Trump Coin: Cryptocurrency soars as President offers dinner to top holders »
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UN Watch executive director Hillel Neuer discusses China accusing the U.S. of bullying, mediators offering a new peace plan for Israel and Hamas and the Trump administration considering cutting funding for the United Nations as well as NATO.
UNITED NATIONS — China accused the U.S.
» Read more about: China accuses US of 'bullying' the world with tariffs at UN meeting »
President Donald Trump’s sweeping tariffs are facing a major legal challenge from New York and 11 other states, who argue the president overstepped his authority and put the U.S. economy at risk by imposing them without congressional approval.
Filed in the U.S. Court of International Trade, the lawsuit challenges Trump’s use of emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs on imports from countries worldwide.
US Share Market News, Dow Futures Latest: Is Wall Street fearing up to make a weak start to Thursday’s session? Dow Jones futures, an early indicator of the Wall Street benchmark index Dow Jones Industrial Average (DJIA), fell as much as 268 points, or 0.7 per cent, to 39,507 in the early hours in the US on Thursday.
