| April 01, 2025 | "Irreverent, but never irrelevant" | | |  | John Lothian
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Hits & Takes
John Lothian & JLN Staff
The Impact Project is making an effort to educate the public about the impact of the cuts to the federal budget and workforce with a tool called The Impact Map.
The Impact Project aims to provide objective, transparent, and open-source data on how government decisions affect communities, offering user-friendly tools that allow policymakers, journalists, and the public to track and understand complex changes. While acknowledging the perception of partisanship in tracking government actions, the project strives to present data clearly and transparently, with full visibility into its sources, enabling individuals to draw their own conclusions. Operated by Americans for Public Service, a fiscally sponsored project of the Global Impact Social Welfare Fund, the initiative is led by experts in academia, law, government, and policy, and plans to expand its focus beyond federal decisions over time.
The Impact Map is an interactive tool displaying federal policy, funding, and workforce changes across the United States. Users can explore individual events represented by dots, view regional data by hovering over areas, access detailed state dashboards, and apply filters for specific sectors or actions. The map includes features like zooming, toggling testimonials, and distinguishing between state and local impacts. Data is obtained from various governmental and non-governmental sources, with a focus on accuracy and transparency.
The project details its methodology and sources on a dedicated page, collects data from public sources using standardized methods, and includes testimonials without editing to maintain authenticity. The map provides key definitions for terms used, such as "probationary employees" and "funding frozen/paused/cancelled," to help users understand the information presented. While efforts are made to verify information, the data is provided 'as-is' due to its evolving nature.
The SEC has dropped its case against Cumberland DRW LLC, a unit of DRW, for operating as an unregistered cryptocurrency dealer, Crain's Chicago Business reported. Lawyers for the SEC and Cumberland had notified the court that the case was to be dropped back on March 18, but it was not official until the SEC commissioners signed off on it.
The most recent episode of Inside the ICE House took a look at the life of the late Art Cashin. The description of the episode titled "Inside the ICE House Episode 464: Remembering the Life and NYSE Legacy of Arthur Cashin" says:
Few eyes have witnessed as much of the life of the New York Stock Exchange as those of Art Cashin, who first purchased a seat on the exchange in 1964. Despite all that changed around him at the NYSE during his tenure, you could always count on his wit and insight, as well as his ability to lead the Trading Floor every Christmas season in the singing of "Wait 'Till the Sun Shines, Nellie." To remember Art, friends and colleagues Jay Woods, Bob Pisani, James Rutledge, and Neil Catania go Inside the ICE House to uncover the moments that defined Art's career, the lessons he taught without ever giving a lecture, and the indelible mark he's left on the culture of Wall Street and beyond.
The FT has a story about the opening of NYSE Texas yesterday and the first listing, Trump Media and Technology Group. The story about the rebranded NYSE Chicago, or Chicago Stock Exchange, is by a reporter named George Steer, writing from New York. I just want to know if the FT editor who assigned this story to George did so because of his beat, or because of the bovine oriented surname. If so, nicely done.
TMX Group announced TMX Group COO Jay Rajarathinam has decided to leave the company effective June 30, 2025.
Here are the headlines from in front of FOW's paywall from some recent stories: BIS launches latest triennial over-the-counter survey, ANALYSIS: MIAX Sapphire volumes 'healthy' as ION commits to MIAX Futures, ANALYSIS: Commission's von der Leyen to 'push back' against US tariffs and European regulators warn of macro, cyber risks.
NYSE is looking for a director of communications. You can see the job description on LinkedIn HERE.
I found an error in our write up on the Scila video we published for our Industry Leader Video series. We mentioned that Scila has 80 customers around the globe, but the story said they were in "three" countries. That should have read "thirty" countries. Our apologies times ten for the error.
The third part of The Opening Bell, a movie-script by Daniel Sullivan, is out on the Auditions page of JohnLothianNews.com. We are going to offer you summaries here in Hits & Takes and leave the script on our website. Here is a summary of the segment: "Jack's eyes light up with either alcohol-induced excitement or pride for his daughter, seemingly looking into the future. The scene shifts abruptly to Micki Farrell, a determined and passionate 40-year-old black woman standing out on the chaotic floor of the Chicago Board Options Exchange. Amid the frenzy of traders, she confidently navigates the crowd, trading like a seasoned professional, though she faces constant challenges. Micki's young clerk, Bobby, distracted by hunger, struggles to keep up with her pace. He shoves a cheesesteak into his pocket as he scrambles to execute her order, but in the chaos, he loses track of the ticket Micki gave him. After a chaotic series of events, the ticket gets stuck to a sandwich and ends up discarded under another clerk's shoe, symbolizing the mess and high stakes of the trading floor."
Have a great day and stay safe and treat people the same way you want to be treated: with respect, equality and justice.~JJL
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Our most read stories from our previous edition of JLN Options were:
- Huge Options Position Just Adds More Fuel to S&P 500 Volatility from Bloomberg.
- Wall Street's Fear Index Is Surging. A Storm May Be Coming from Barron's.
- My 2025 Market Prediction Has Already Soured. Why It's Time to Rethink Stocks. from Barron's. ~JB
Subscribe to the JLN Options Newsletter HERE (it's free).
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 Market Volatility Drives Surge in Collateral Management, CloudMargin Executive Says JohnLothianNews.com BOCA RATON, Fla. (JLN) - March 31, 2025 - Increased market volatility has led to a significant uptick in collateral movements and margin calls, according to Stuart Connolly, an executive at CloudMargin, a collateral management solutions provider.. Watch the Stuart Connolly Video »
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America cannot afford to break global investor trust; Even the most powerful nation in the world needs foreign investment
Davide Serra - Bloomberg
In markets, the most valuable currency is trust. As investors, we learnt this simple fact over the years, sometimes the hard way. Trust underlies every number, from earnings reports to macroeconomic data. It represents the key bond between investors and investments. When trust is lost, it takes a long time to rebuild it.
/jlne.ws/43ub6Vs
***** The very veins of every American flow with the blood of foreign investment in this nation.~JJL
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The death of the Yale Model? Alternative tales of investment returns
Robin Wigglesworth - Financial Times
Last month the National Association of College and University Business Officers reported that the average American endowment returned 11.2 per cent last year. Huzzah! Trebles all round. Unfortunately, this is slightly worse than what a passive global 70/30 equity/bond portfolio returned in 2024. OK, well maybe it was a weird year. Endowments and their racier asset mix must have done better in the long run, right? Nope. Over the past decade, the $874bn worth of endowments that report to NACUBO have averaged annual gains of 6.8 per cent. A global 70/30 has gained 6.83 per cent. And this is a generous comparison for endowments, given their far heavier US asset mix in a phenomenal decade for almost anything American. Over the past decade the Norwegian sovereign wealth fund has returned 7.3 per cent, and now costs just 4 basis points a year in management.
/jlne.ws/4j9equh
***** In the U.S., we no longer go to Yale, instead we get sent to El Salvador by mistake.~JJL
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Monday's Top Three
Our top clicked story Monday was Eurex implements organizational changes to drive future growth, a press release from Deutsche Boerse Group. Second was Paul Clement's Argument Against the Executive Order Targeting the WilmerHale Law Firm, from Reason. Third was TraditionData taps industry veteran for FX expansion, from FOW.
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| Lead Stories | How a $1.4tn Trump trade war could unfold; Econometric study models global fallout from tariff retaliation, including dramatic rise in US prices
Peter Foster and Alan Smith - Financial Times
A trade war triggered by President Donald Trump applying a 25 per cent tariff on all imports could cause a $1.4tn hit to the world economy and dramatically drive up US prices, according to a new study modelling the fallout from a retaliatory spiral. Econometric analysis of a worst-case scenario, where US trade partners hit back against Washington, shows a Trump-inspired tariff war would cause widespread trade disruption, rising prices and falling living standards.
/jlne.ws/4i05s11
Nasdaq 100's Worst Quarter in Years Sealed by AI Bubble Fears
Jeran Wittenstein and Ryan Vlastelica - Bloomberg
In a quarter marred by tariff uncertainty, US government spending cuts and the threat of recession, it is fears about a bubble brewing in artificial intelligence that have dealt the latest blow to the Nasdaq 100. The tech-heavy benchmark posted its worst quarter in nearly three years, down 8.3%, after a pair of warnings last week fanned anxieties about a possible pullback in the hundreds of billions of dollars flowing into data center infrastructure. The renewed selling stamped out a nascent rebound and left investors ducking for cover, yet again.
/jlne.ws/429Q1NF
America Has Never Been Wealthier. Here's Why It Doesn't Feel That Way.; A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
Talmon Joseph Smith - The New York Times
America is more prosperous than ever. U.S. household net worth reached a new peak at the end of 2024. The unemployment rate has levitated just above record lows for three years. The overall debt that households are carrying compared with the assets they own is also near a record low. But even a land of plenty has its shortcomings, influencing both perceptions and realities of how Americans are doing.
/jlne.ws/4cnMxMo
SEC drops crypto trading case against Don Wilson's firm
Mark Weinraub - Crain's Chicago Business
The U.S. Securities and Exchange Commission dropped its case accusing Cumberland DRW LLC, a unit of Don Wilson's trading firm, of operating as an unregistered cryptocurrency dealer. The case was a holdover from the tail end of the Biden administration's SEC, which had cast a wary eye on cryptocurrencies. Critics including Wilson said the regulator was overstepping its boundaries in the sector, making up rules without a legal framework. The case is the latest enforcement action to be dismissed as the agency charts a new course on digital currencies under the Trump administration.
/jlne.ws/4hWY8D4
NYSE's Texas platform debuts with Donald Trump's social media stock; Shares of the president's company fell on the state's market amid a broad sell-off fuelled by his trade agenda
George Steer - Financial Times
Donald Trump's social media company became the first group to list on the New York Stock Exchange's Texas platform on Monday, months after the president lashed out at Nasdaq for temporarily halting trading of the shares. The NYSE earlier this year rebranded its Chicago operation, which dates back 143 years, as a "Dallas exchange" in an attempt to capitalise on the state's burgeoning reputation as a "pro-business" state. However, no employees have made the move to Texas and the servers powering the electronic-only market remain in New Jersey.
/jlne.ws/3FSmz7t
Archax Buys FINRA-Regulated Broker Dealer to Offer Tokenized Assets in the U.S.
Krisztian Sandor - CoinDesk
Archax, a U.K.-regulated crypto exchange and custodian focusing on tokenized assets, has acquired a U.S. broker-dealer in an effort to enter the booming institutional market in the country after recent positive changes on the regulatory environment. Globacap Private Markets Inc, a broker-dealer and alternative trading system (ATS) regulated by FINRA and the Securities and Exchanges Commission (SEC), is being bought by Archax and being renamed to Archax Markets US.
/jlne.ws/4hUi49y
Stock-Concentration Fear Spurs Wall Street's Latest ETF Solution
Vildana Hajric - Bloomberg
It's the latest portfolio hedge for investors fretting over the stock market's unprecedented dependence on a handful of technological behemoths: An S&P 500 ETF that weights the top companies according to the time-honored historic norm. That's the thinking underlying the Tema S&P 500 Historical Weight ETF, which launches Tuesday under the ticker DSPY. At its debut, the weighting of the biggest 10 members will account for a combined 22%, in line with the benchmark's average concentration level over the past 35 years. That's significantly less than their 34% representation in the market cap-weighted S&P 500 gauge today - even after this year's multitrillion-dollar wipeout across Big Tech shares amid the Trump administration's brewing trade war.
/jlne.ws/4ceNbf2
'Silicon Valley of energy trading': the Danish companies seeking an edge in renewables; New breed of traders in Aarhus and Aalborg are using algorithms to navigate volatile and rapidly growing market
Rachel Millard - Financial Times
The trading floor of InCommodities, on a commercial estate in the Danish city of Aarhus, shows off a dynamic, new side of Europe's energy markets. Youthful traders at the company, part-owned by Goldman Sachs, keep their eyes on banks of huge screens, watching for the perfect moment to buy or sell electricity. Other staff are developing algorithms that can help them to do the job far more efficiently than a mere human brain.
/jlne.ws/43BuqQC
Under Donald Trump, the SEC should open up private markets to retail investors; Regulated funds are the natural bridge to allow individuals greater access
Eric Pan - Financial Times
The challenge ahead for Donald Trump's nominee for chair of the Securities and Exchange Commission is to show how the securities regulator can do its part in fulfilling the president's promise to revive the American middle class. To do this, an SEC run by Paul Atkins should focus on innovation, efficiency and the needs of Main Street investors.
/jlne.ws/42oBxe6
Elon Musk's Megadeal Between X and xAI Breaks Wall Street's Rulebook; The tech titan can follow his own rules when he is combining two companies he owns, but the merger is still raising dealmaker eyebrows
Ben Glickman and Lauren Thomas - The Wall Street Journal
Elon Musk struck what could be considered the biggest deal of the year, and he broke all the normal rules. Musk's splashy merger of the social-media company X and his artificial-intelligence startup xAI values the combined company at over $110 billion. That would be a blockbuster deal on Wall Street. But this one is unorthodox, even by Musk's standards, for a whole host of reasons.
/jlne.ws/41SsSR2
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| Trade War and Tariffs | | A roundup of today's trade war and tariff news and the global economic ripple effects shaping markets, industries, and investment strategies. | Trump's Tariffs Set to Make History and Break a System MAGA Loathes; His plans have sparked fears of a US recession and a global slowdown, as well as the end of a post-war order.
Shawn Donnan, Enda Curran and Maeva Cousin - Bloomberg Economics
Nearly 100 years ago, the US enacted a tariff law that set off a global trade war and prolonged and deepened the Great Depression. Now President Donald Trump is betting the world has changed enough that history won't repeat itself. He is set this week to impose so-called reciprocal tariffs and other levies on what he has labeled "Liberation Day" - a move expected to cover a broader swath of trade than the infamous 1930 Smoot-Hawley duties that have long served as a cautionary tale about protectionism. It's part of Trump's wider project to dismantle the global trading system the US helped build out of that era's wreckage, on his belief that Americans got a raw deal.
/jlne.ws/42hHM2l
Trump trade war: Why a figure of 48% is important as escalation nears; Sky's Ed Conway says history tells us there is a tipping point ahead that could prove particularly costly if the Trump administration follows through on all its tariff threats this week.
Ed Conway - Sky News
Here is a number to lodge in your brain in the coming weeks and months: 48%. Last year a group of economists carried out an an analysis on the economic impact of the Iron Curtain; how much trade actually took place from east to west in spite of all the restrictions during the Cold War. They came to the conclusion that, at its height in 1951, "the Iron Curtain represented a tariff equivalent of 48%". As the world limbers up ahead of what Donald Trump calls his "liberation day", that figure is worth keeping in your mind.
/jlne.ws/3QZMZ9E
Trump is knowingly steering the economy off the cliff with tariffs
Jeffrey Sonnenfeld, Steven Tian and Stephen Henriques - Fortune (commentary)
Over the weekend, Donald Trump's reassurance of a more generous approach to tariffs was reversed again, apparently returning to draconian across-the-board 20% tariffs. The president's imminent Rose Garden "Liberation Day" announcement of universal tariffs on everything coming into the U.S. from everyone-accompanied by the Trump-driven 10% decline in the stock market over the last month-is just the latest example of how Trump's capricious tariff tantrums are steering the U.S. economy straight off the cliff. Given the near unanimous chorus of business leaders and economists, one must wonder what motivates Trump's destructive decrees. As Trump himself confessed this weekend on NBC, "I couldn't care less if car prices go up!"
/jlne.ws/4iPvzZw
Trump aide says tariffs will raise $6 trillion, which would be largest tax hike in US history
Chris Isidore - CNN
White House aide Peter Navarro said Sunday that he expects President Donald Trump's tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history. Even when adjusting for inflation, that amount would be triple the tax increase put in place in 1942 to pay the cost of fighting World War II. Navarro, Trump's senior counselor for trade and manufacturing, insists it's not a tax increase but a tax cut - echoing the Trump administration's repeated belief that tariffs will be paid not by American consumers but by businesses in other countries or the countries themselves.
/jlne.ws/426e28h
Trump to Unveil Country-Based Tariffs April 2 in Rose Garden
Hadriana Lowenkron - Bloomberg
President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said. White House Press Secretary Karoline Leavitt said Monday the announcement would feature "country-based" tariffs. She said the president is also "committed to implementing" sectoral duties, but that they were not the focus of the April 2 event and deferred to Trump about the timing of those. Members of Trump's Cabinet would attend the announcement, Leavitt said.
/jlne.ws/4hZICGt
US Slams High India Duties on Farm Goods Before April 2 Tariffs
Shruti Srivastava - Bloomberg
The Donald Trump administration highlighted India's high tariffs on American farm goods just days before reciprocal duties kick in, putting further pressure on the South Asian nation to reduce curbs in its politically-sensitive agriculture sector. "You have 100% tariff from India on American agricultural products," White House Press Secretary Karoline Leavitt told reporters on Monday. Trump's spokeswoman also pointed to examples of tariff rates from the European Union, Japan and Canada, signaling those entities are likely among the targets of the president's new levies. "This makes it virtually impossible for American products to be imported into these markets," she said.
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'Businesses will shut down': Maga backfires as Americans suffer under tariffs
Melissa Lawford - The Telegraph
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| World Conflicts | | News about various conflicts and their military, economic, political and humanitarian impact. | Ukraine Invasion
Kremlin says it's working on Ukraine peace after Trump says he's 'pissed off' with Putin
Guy Faulconbridge, Andrew Osborn and Jeff Mason - Reuters
The Kremlin said on Monday that Russia and the United States were working on ideas for a possible peace settlement in Ukraine and on building bilateral ties despite U.S. President Donald Trump saying that he was "pissed off" with Vladimir Putin. Trump told NBC News he was very angry after the Russian leader criticised the credibility of Ukrainian President Volodymyr Zelenskiy, and the U.S. president suggested he could impose secondary tariffs of 25%-50% on buyers of Russian oil.
/jlne.ws/3E31hDy
Germany sees Ukraine truce efforts as deadlocked, while China says the talks are encouraging
Illia Novikov - Associated Press
Germany's chief diplomat on Tuesday described U.S. President Donald Trump's efforts to secure a truce in the three-year war between Russia and Ukraine as deadlocked, while China's foreign minister said that it was encouraging that the talks between Washington and Moscow on finding a settlement are continuing. German Foreign Minister Annalena Baerbock, arriving in Kyiv for an unannounced visit, said that "due to the deadlock" between the U.S. and Russia on forging a ceasefire deal, European allies' continued support for Ukraine in the war is "absolutely crucial."
/jlne.ws/3E4kzbI
Middle East Conflict
Hamas 'quietly drops' thousands of deaths from casualty figures
Melanie Swan - The Telegraph
New research shows that Hamas has quietly dropped thousands of deaths from its Gaza war casualty figures. Salo Aizenberg, from the US-based non-profit organisation Honest Reporting, said that Hamas's March 2025 casualty update had removed thousands of people it previously listed as having been killed last year.
/jlne.ws/41RFJmv
Other Conflicts
Trump: I'll bomb Iran if it rejects my nuclear deal
Melanie Swan - The Telegraph
Donald Trump has warned Iran there would be "bombing the likes of which they have never seen before" if it rejects his nuclear weapons deal. The threat comes after the US president sent a letter to Ayatollah Ali Khamenei, Iran's Supreme Leader, giving him a deadline of two months to come to an agreement over the country's nuclear programme. Last week, Mr Trump deployed stealth bombers to the Diego Garcia base, which the US shares with Britain, in what was thought to be a warning to Iran and its proxies.
/jlne.ws/43w4qpT
Russia condemns 'ultimatums' after Trump threatens to bomb Iran
Reuters
Russia has warned that strikes against Iran's nuclear infrastructure would have "catastrophic" consequences, after U.S. President Donald Trump threatened to bomb Iran unless it came to an agreement with Washington over its nuclear program. "Threats are indeed being heard, ultimatums are also being heard," Deputy Foreign Minister Sergei Ryabkov told the Russian journal "International Affairs" in an interview, extracts of which were published on Tuesday.
/jlne.ws/4ldeWbT
Iran will have 'no choice' but to acquire nukes if attacked: Khamenei adviser
Payam Doost Mohamadi - AFP
Iran would have to acquire a nuclear weapon if attacked by the United States or its allies, an adviser to the country's supreme leader warned on Monday, following a threat by US President Donald Trump. The comments came after Iran's supreme leader, Ayatollah Ali Khamenei, promised to hit back if Trump carried out a threat to bomb the Islamic republic if it did not make a deal to curb its nuclear programme.
/jlne.ws/43AVJe2
China launches large-scale military exercises around Taiwan; Aircraft carrier Shandong makes closest pass as Taipei seeks to strengthen preparedness
Kathrin Hille - Financial Times
China has begun large-scale military and coastguard exercises around Taiwan, the latest round in Beijing's escalating campaign to assert its claims of sovereignty and suppress the island nation's efforts to preserve its de facto independence. The drills on Tuesday came as Taiwan's President Lai Ching-te seeks to improve military and civilian preparedness for a potential Chinese attack and strengthen society to defend against espionage and other infiltration from China, which last month he called a "hostile foreign force".
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| Exchanges, OTC & Clearing | | Top news from exchanges, clearing, settlement and trade execution facilities | Nasdaq Champions Smart Regulatory Reform To Strengthen The World's Leading Capital Markets And Drive American Economic Growth - New Paper Presents Policy Recommendations To Improve The Public Company Experience, With The Ultimate Goal To Increase Investor Access To The Growth And Success Of The US Economy
Mondovisione
March 31, 2025 - Nasdaq today released a comprehensive set of policy recommendations in a paper titled "Advancing the U.S. Public Markets: Unlocking Capital Formation for a Stronger American Economy." The paper draws insights from a recent survey and ongoing engagement with thousands of Nasdaq-listed companies and advances critical policy proposals to strengthen the public markets and retain the U.S. capital markets' status as the global standard for economic innovation and wealth creation.
/jlne.ws/3DNwsCU
TMX Group Announces Organizational Changes To Support Strategic Growth
Mondovisione
March 31, 2025 - TMX Group Limited today announced organizational changes designed to advance the evolution of the enterprise, creating stronger alignment across corporate functions, and enabling the company to scale efficiently as it executes a client-centric strategy to diversify, innovate, and globalize. Jay Rajarathinam, Chief Operating Officer, TMX Group, has decided to leave the company effective June 30, 2025.
/jlne.ws/4i0TnbQ
ASX Responds to Actions From RBA and ASIC Following Chess Settlement Incident
ASX
ASX confirms it has received a joint letter from the Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) outlining regulatory action following the CHESS batch settlement incident on 20 December 2024. The settlement incident arose from an issue relating to the current CHESS system's memory allocation logic that meant ASX was not able to complete batch settlement for the cash equities market on that day. A process was then undertaken to cancel batch settlement and reschedule it to the next business day.
/jlne.ws/3YdXLgm
SIX Exchanges Figures: March 2025
BME-X
SIX publishes the monthly key figures for SIX Swiss Exchange and BME Exchange about the trading and listing activity in Switzerland and Spain
/jlne.ws/4chuVla
SIX Unveils Digital Assets Regulatory & Tax Service Amid Soaring Institutional Demand
SIX Group
SIX, the global financial data and market infrastructure provider, has launched its Digital Assets Regulatory & Tax Service - a new data package providing financial institutions with a single information source to help identify their exposure to digital assets and remain compliant with evolving regulations. It comes amid burgeoning demand from firms to gain a clearer picture of their digital asset obligations.
/jlne.ws/4jayWKe
Performance Bond Requirements: Agriculture - Effective April 01, 2025
CME Group
As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed in the advisory at the link below. The rates will be effective after the close of business on April 01, 2025.
/jlne.ws/4iKfGna
Trading Overview in FY2024 & March 2025
JPX
Japan Exchange Group released Trading Overview in FY2024 & March 2025.
/jlne.ws/444gwGU
JPX Monthly Headlines - March 2025
JPX
JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.
/jlne.ws/41TLz6V
Alliance Finance Company PLC makes LuxSE debut
LuxSE
Sri Lanka-based Alliance Finance Company PLC (AFC), the oldest non-bank financial institution in Sri Lanka based in the South Asian region, brings its inaugural green bond to the Luxembourg Stock Exchange (LuxSE) and Luxembourg Green Exchange (LGX).
/jlne.ws/42djq9E
Circular of Shanghai International Energy Exchange on Trading Adjustments for Qingming Festival 2025
SHFE
Shanghai International Energy Exchange has released its Circular on Trading Adjustments for Qingming Festival 2025 as follows: In accordance with the Trading Schedule during National Holidays for Year 2025, Shanghai International Energy Exchange hereby notifies the trading adjustments for Qingming Festival 2025 as follows:
/jlne.ws/3FLhaio
Tokyo Financial Exchange: Trading Volume In March 2025 And Fiscal Year 2024
Mondovisione
The total trading volume of FX Daily Futures contracts (Click 365) was 2,237,118 ( +23.4% MoM / +15.9% YoY ) and its average daily trading volume was 106,528. See the TABLE 1 for the composition of the trading volume.
/jlne.ws/4c9atCQ
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| Fintech | | A roundup of today's market tech news and a look at tomorrow's disruptors | HSBC becomes thirteenth global clearing firm to invest in FIA Tech; The addition of HSBC is set to contribute to FIA Tech's global expansion, accessing a wider range of clients across Europe, APAC, and the Middle East.
Claudia Preece - The Trade
HSBC has invested an undisclosed amount into futures industry technology provider, FIA Tech. The bank is the thirteenth global clearing firm to invest in FIA Tech and is set to also sit on its board of directors. The move is set to contribute to FIA Tech's global expansion, accessing a wider range of clients across Europe, APAC, and the Middle East, diversifying the client base.
/jlne.ws/4jcRppI
US Chip Grants in Limbo as Lutnick Pushes Bigger Investments
Mackenzie Hawkins and Ian King - Bloomberg
Commerce Secretary Howard Lutnick has signaled he could withhold promised Chips Act grants as he pushes companies in line for federal semiconductor subsidies to substantially expand their US projects, according to eight people familiar with the matter. The Commerce chief wants firms that won awards from the 2022 Chips and Science Act to follow in the footsteps of Taiwan Semiconductor Manufacturing Co., which recently announced it will invest another $100 billion in US plants on top of a previous $65 billion pledge, the people said. Lutnick's goal is to generate tens of billions of dollars in additional semiconductor investment commitments without increasing the size of federal grants, said the people, who asked not to be named discussing private conversations.
/jlne.ws/445hR04
Archax Establishes US Base with Broker-Dealer Acquisition; Expands its global regulatory reach beyond UK and EU markets
Archax
Archax, the UK FCA regulated digital and traditional asset exchange, broker and custodian, today announced the acquisition of Globacap Private Markets Inc. (Globacap PMI), a US SEC and FINRA regulated broker-dealer and alternative trading system (ATS), to be renamed Archax Markets US. This acquisition will enable Archax to extend its distribution/reach into the US market, and follows its recently announced acquisition of Spanish broker King and Shaxon Capital Markets (Archax Markets) - which gives Archax a regulated presence in the EU, once change of control approval is complete.
/jlne.ws/3RznxrD
Finnish Quantum Startup IQM in Talks to Raise Over EUR200 Million
Yazhou Sun - Bloomberg
IQM, a Finnish startup that builds quantum computers, is in talks to raise more than EUR200 million ($216 million), people familiar with the matter said, as more investors pile into the nascent technology. The fundraising talks are ongoing and the final amount raised may differ, the people said, asking not to be identified because the discussions aren't final. The company last raised EUR128 million in a 2022 round led by World Fund, with participation from Tencent Holdings Ltd. and Tesi, Finland's state-owned investment company.
/jlne.ws/426YNMs
Klarna hit by buy now, pay later backlash as it targets $15bn IPO; Swedish fintech brought 'pay in four' to everything from food to fashion but sceptics point to model's vulnerabilities
Akila Quinio - Financial Times
Klarna's announcement that it will bring "buy now, pay later" loans to food delivery app DoorDash two weeks ago was intended to showcase the Swedish fintech's US growth before its long-awaited initial public offering. Instead, it triggered a backlash. The tie-up prompted a flurry of jokes on social media with users comparing taking on debt to pay for food deliveries to the subprime loans that caused the last financial crisis.
/jlne.ws/3E5Un0j
OpenAI Finalizes $40 Billion Funding at $300 Billion Value
Shirin Ghaffary - Bloomberg
/jlne.ws/3FQH5oX
DeepMind slows down research releases to keep competitive edge in AI race; Google's AI arm led by Demis Hassabis makes it harder for its researchers to publish studies in major change in approach
Melissa Heikkilä and Stephen Morris - Financial Times
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Anime lessons in the limits of AI; Generative images show us the risks of endowing the technology with magical powers
Stephen Bush - Financial Times
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How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt; Masayoshi Son's company said the first $10 billion chunk would be financed by borrowing from Japanese bank Mizuho and other lenders
Eliot Brown and Kosaku Narioka - The Wall Street Journal
/jlne.ws/44a8dJF
Switzerland Data Center Green Draws Swiss Life, KKR Interest
Allegra Catelli and Vinicy Chan - Bloomberg
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| Cybersecurity | | Top stories for cybersecurity | Apple and Google app stores host VPNs linked to sanctioned Chinese group; New findings reveal free 'private browsing' apps popular with US users have ties to blacklisted Qihoo 360
Michael Acton and Ryan McMorrow - Financial Times
Apple and Google's mobile stores have been hosting several popular "private browsing" apps operated by a company connected to a Chinese cyber security firm blacklisted by the US government. At least five free virtual private networks (VPNs) available through the US tech groups' app stores have links to Shanghai-listed Qihoo 360, according to a new report by research group Tech Transparency Project, as well as additional findings by the Financial Times.
/jlne.ws/3FR7SBy
EU plans to strengthen police powers to tackle foreign threats; Russia's links with criminal networks among the targets of new proposals to enhance law enforcement
Laura Dubois and Henry Foy - Financial Times
The European Commission plans to strengthen EU policing and law enforcement measures against threats from foreign powers such as Russia that collaborate with criminal networks, under a new strategy on internal security seen by the Financial Times. In the document to be published on Tuesday, the commission proposes broadening the powers of law enforcement to fight so-called "hybrid" attacks by boosting the EU's abilities to fight terrorism and organised crime, impose sanctions and gain access to banking information, according to a draft seen by the FT.
/jlne.ws/3E2Jn3K
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| Cryptocurrencies | | Top stories for cryptocurrencies | Coinbase Sees Worst Quarter Since FTX Fell as Crypto Slides
Matthew Griffin - Bloomberg
Shares of Coinbase Global Inc. and other firms linked to cryptocurrencies were hammered this quarter as growing concerns about the US economy weighed on digital assets. Coinbase fell 31% in the worst quarterly performance since FTX collapsed near the end of 2022. Nearly every major crypto-linked stock plunged alongside it, from conglomerate Galaxy Digital Holdings Ltd. to miners such as Riot Platforms Inc. and Core Scientific Inc. Things haven't been much better in crypto markets, with Bitcoin tumbling more than 10% and Ether losing 45% of its value.
/jlne.ws/3FMK69I
Political support leading to increasing fallout for crypto
Lucie Lequier - AFP
Support for cryptocurrencies from US President Donald Trump or Argentine leader Javier Milei has seen investors lose billions of dollars and is damaging a sector struggling for credibility, researchers told AFP. "The entire crypto industry is being tarnished," said Claire Balva, strategy director for fintech company Deblock. Argentine prosecutors are reportedly examining whether Milei engaged in fraud or criminal association, or was in breach of his duties, when he praised the $LIBRA cryptocurrency on social media in February.
/jlne.ws/4iNcLKl
The pros and cons of investing in crypto; A passing fad or an enduring investment opportunity?
Becca Stanek - The Week US
From bitcoin and ethereum to tether and dogecoin, there are a wide variety of cryptocurrencies to choose from. For many who have opted in, crypto has yielded impressive returns. However, for others, it has led to devastating losses, not to mention encounters with scams and fraud in the industry. So is this buzzy digital currency worth adding to your investment portfolio, or is it better to steer clear? We lay out the pros and the cons to help you decide.
/jlne.ws/4iMyceD
How the Trump family took over a crypto firm as it raised hundreds of millions
Tom Wilson, Tom Bergin, Lawrence Delevingne and Michelle Conlin - Reuters
As World Liberty Financial raised more than half a billion dollars, President Donald Trump's family took control of the crypto venture and grabbed the lion's share of those funds, aided by governance terms that industry experts say favor insiders. Launched last fall, World Liberty's goal is to allow people to access financial services using cryptocurrencies and without intermediaries like banks in what is called decentralized finance, or DeFi. But it has yet to launch a public platform and has reported only a small staff, a review of the project shows.
/jlne.ws/4lbq2y9
Don't forget to report your gains from crypto - the IRS already knows about them
Malcolm Ethridge - Bankrate
While the exact amount is up for debate, the IRS estimates that it loses billions of dollars each year due to taxpayers underreporting the income they receive from trading cryptocurrencies and other digital assets. For several years, the agency has been working to better enforce the rules around crypto trading and ensure that taxpayers are accurately reporting their gains from digital assets transactions.
/jlne.ws/3XE4nVb
Brazil Bars Major Pension Funds From Investing in Cryptocurrencies
Francisco Rodriguez - CoinDesk
Brazil's top financial policy body banned some pension funds from investing in cryptocurrencies because they are too risky. The National Monetary Council (CMN) forbade closed pension entities known as Entidades Fechadas de Previdência Complementar (EFPCs) from allocating any portion of their guarantee reserves into bitcoin (BTC) or other digital currencies.
/jlne.ws/4jdkAJl
Trump's sons to launch American Bitcoin
Anand Sinha - The Street
/jlne.ws/4hY71fN
Circle Hires JPMorgan, Citi With Plan to File IPO in Late April: Fortune
Helene Brau - CoinDesk
/jlne.ws/42dknie
Circle Eyes $5 Billion Valuation For Upcoming Initial Public Offering
Murtuza Merchant - Benzinga
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| Politics | | An overview of politics as it relates to the financial markets | Elon Musk's DOGE is undermining the Social Security Administration's technology and operations, former White House official says
Beatrice Nolan - Fortune
A former White House official says Elon Musk's DOGE is destabilizing the Social Security Administration's technology and operations, creating widespread access issues for millions of Americans. The agency has faced website crashes and overwhelmed call centers, leaving many struggling to resolve payment problems. A former White House official says Elon Musk's DOGE is undermining the Social Security Administration's (SSA) technology and operations, making it harder for millions of Americans to access their benefits.
/jlne.ws/3DX36lv
Social Security website crashes as agency pushes users online
Gregory Korte, Emily Birnbaum and Bloomberg via Fortune
The Social Security Administration said it's investigating the cause of recent incidents that have prevented beneficiaries from accessing their online accounts, after the portal went down temporarily.
/jlne.ws/4jcXSkw
Trump Administration Moves to Shutter Library Agency; The staff of the independent Institute of Museum and Library Services, the largest source of federal funding for museums and libraries, were put on leave.
Jennifer Schuessler - The New York Times
The Trump administration on Monday placed the staff of the Institute of Museum and Library Services on administrative leave, setting the stage for potentially ending the main source of federal support for the country's museums and libraries. The move came two weeks after President Trump issued an executive order naming the independent agency as one of seven that should be "eliminated to the maximum extent consistent with applicable law." On March 20, Keith E. Sonderling, the deputy secretary of labor, was sworn in as acting director, replacing Cyndee Landrum, a career library professional.
/jlne.ws/4cdAdOH
Trump hints that Musk and DOGE may be coming to the end of the road
Gregory Svirnovskiy - Politico
Elon Musk's days as a senior White House adviser may be coming to an end - along with his government-slashing Department of Government Efficiency. President Donald Trump hinted Monday that his close ally Musk may have to go back to running his companies full time and that the tumultuous mission of DOGE will have been accomplished after firing tens of thousands of government employees. "I think he's amazing but I also think he's got a big company to run and so at some point he's going to be going back," Trump said of the Tesla CEO. "He wants to. I'd keep him as long as I could keep him."
/jlne.ws/4jxZ5TR
Harvard Threatened by Trump With $9 Billion of Funds at Risk
Brooke Sutherland and Janet Lorin - Bloomberg
President Donald Trump's administration expanded its campaign against elite universities, threatening to scrutinize billions of dollars of federal funding for Harvard University, weeks after freezing money meant for Columbia University. The review, part of efforts to combat antisemitism on college campuses, includes $8.7 billion in grants and $255.6 million in contracts, according to a statement on Monday from agencies including the Department of Education and the Department of Health and Human Services.
/jlne.ws/4ceG3zi
Republican Sen. Chuck Grassley plans a bill to stop judges from carrying out their checks-and-balances powers
Katie Hawkinson - The Independent
Senator Chuck Grassley is introducing a bill to stop judges from issuing nationwide injunctions, which experts say are an essential part of the judicial branch's ability to check the power of the executive branch. Grassley, a 91-year-old Republican from Iowa and president pro tempore of the Senate, is introducing a bill to end nationwide injunctions because they "have become a favorite tool for those seeking to obstruct [President Donald Trump's] agenda," according to an op-ed he wrote for the Wall Street Journal.
/jlne.ws/3E0oUg1
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| Regulation & Enforcement | | Stories about regulation and the law. | SEC continuing $150 million lawsuit against Elon Musk over Twitter purchase; Musk is accused of misleading investors when he bought Twitter stock in 2022.
Peter Charalambous, Olivia Rubin, and Will Steakin - ABC News
The Securities and Exchange Commission is continuing its $150 million lawsuit against Elon Musk that was brought during the Biden administration. According to a court filing Monday, the tech billionaire and head of the Department of Government Efficiency has agreed to respond to the suit, which accuses him of misleading investors when he bought millions of dollars in Twitter stock in 2022, prior to his acquisition of the company.
/jlne.ws/4hUarAc
OKX Chief Legal Officer Mauricio Beugelmans Leaves the Exchange
Ian Allison - CoinDesk
OKX chief legal officer Mauricio Beugelmans has left the cryptocurrency exchange, according to his Linkedin profile. Beugelmans, who has been instrumental in shaping OKX's global compliance policy, states on his profile that his tenure lasted three years and eight months at the exchange, from August 2021 to March 2025. Just last month, OKX paid over $500 million in penalties and forfeited fees in a settlement with the U.S. Department of Justice which stated that the company had facilitated more than $5 billion in "suspicious transactions and criminal proceeds."
/jlne.ws/3E26o6W
Trafigura Agrees to Pay $76 Million in Brazil Bribery Cases
Jack Farchy and Millie Munshi - Bloomberg
Trafigura Group agreed to a $75.8 million settlement to resolve civil cases in Brazil after last year admitting to paying bribes to win business in the nation. While Trafigura initially disputed the charges, the trading house pleaded guilty to a decade of bribery in Brazil in a federal court in Miami last March. The cases in the South American country date back to at least 2020.
/jlne.ws/42pbVh7
Key Regulatory and Enforcement Actions Taken by MAS in Q1 2025
MAS
The table below provides an overview of the key public enforcement actions taken by the Monetary Authority of Singapore ("MAS") from January to March 2025.
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| Investing & Trading | | Today's top stories from equities, indices and FICC (fixed income, currencies and commodities) | US trading firm Jane Street seeks to rapidly expand Hong Kong office space, sources say
Summer Zhen - Reuters
Jane Street, one of the world's largest quant trading firms and market makers, is planning a sharp increase in Hong Kong office space, two people familiar with the matter said. The New York-based firm is negotiating with landlord Hongkong Land to lease two more floors at Chater House, an office tower in the business district of Central, they said, speaking on condition of anonymity.
/jlne.ws/426Z0z7
Mining's King of Private Capital Says Governments Must Intervene; Orion founder urges states to stockpile metals, warning that a lack of investment will result in shortages comparable with the 1970s oil shocks.
Jack Farchy - Bloomberg
Oskar Lewnowski has a good claim to be the poster boy for private capital in mining. A former investment banker who quit the legendary London-based commodity hedge fund Red Kite to start out on his own a decade ago, Lewnowski's company Orion Resource Partners is now the biggest specialist investor in metals and mining, focused on private equity and private credit. And yet he's calling for governments to intervene. A lack of adequate investment in mines means the world is barreling toward a crisis in metals supply comparable to the oil shocks of the 1970s, Lewnowski says. Part of the answer, he argues, would be for states to step in and build strategic mineral stockpiles.
/jlne.ws/3E2YrhS
Legendary Trader Paul Tudor Jones II Says 'One Should Not Focus On Making Money But On Protecting What You Have'
Bibhu Pattnaik - Benzinga
Paul Tudor Jones II, a legendary trader known for his unique investment strategy, stresses the significance of protecting existing wealth rather than chasing new fortunes. Jones, who forwent a conventional business education to set up his own fund, Tudor Investment Corporation, has become a prominent figure in macro trading. His investment strategy doesn't revolve around individual companies or sectors, but rather on predicting fluctuations in interest rates and currencies.
/jlne.ws/3EdO1Ml
What CoreWeave Stock's Trading Means for the IPO Market
Adam Levine - Barron's
The market for initial public markets has basically been frozen for three years. And CoreWeave's recent IPO has done nothing to change the dynamic, suggesting 2025 could be another IPO bust. There hasn't been a good market for IPOs since 2021, when 311 companies listed, according to Jay Ritter of the University of Florida Warrington College of Business. The following three years saw a total of 164 listings.
/jlne.ws/424zJah
Newsmax Stock Surges in NYSE Trading Debut
Andrew Kessel - Investopedia
Shares of Newsmax (NMAX) skyrocketed in the company's first day of trading Monday on the New York Stock Exchange (NYSE) following a $75 million initial public offering. The cable news company's stock opened at $14, above the IPO price of $10 per share, and jumped as high as $78.27 intraday before paring back some gains. At $62 in recent trading, Newsmax is valued at close to $8 billion, based on the total shares outstanding, according to a recent regulatory filing.
/jlne.ws/42dlAGi
Options Pros Are Missing a Key Risk from Trump Tariff Escalation
Bernard Goyder - Bloomberg
Options traders are underpricing risks in materials stocks, allowing bearish investors to cheaply protect against losses wrought by President Donald Trump's tariff agenda, according to a Barclays Plc strategist. Expected volatility in the materials sector - compared to the S&P 500 Index - is around the lowest levels in the last two decades, making it relatively inexpensive to buy downside protection, Stefano Pascale, an equity derivatives strategist at Barclays told Bloomberg News in an interview. Price swings in the group have been relatively subdued compared to the broader US market, and especially when weighed against technology names.
/jlne.ws/3XFDKPK
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| Environmental, Social and Corporate Governance | | Stories about environmental, social and governance investing | Climate Firm That Partnered With Meta, Microsoft Goes Bankrupt
Steven Church and Jonathan Randles - Bloomberg
Climate startup Aspiration Partners Inc., which boasted a roster of celebrity backers and arranged carbon credits for Meta Platforms Inc., Microsoft Corp. and other large companies, filed bankruptcy weeks after its co-founder was arrested on fraud charges. CTN Holdings, as the company is now known, has about $170 million in debt. The goal of the bankruptcy is to sell its assets as quickly as possible in order to repay creditors, chief restructuring officer Miles Staglik said in a court filing. The pool of potential bidders is small and the nature of the CTN's ventures will likely require more cash and "long term horizons before any potential value could be realized for creditors," Staglik said
/jlne.ws/44djmcy
Water shortage threatens the world's most abundant lithium reserves; Global lithium demand is expected to grow by 40 times by 2040.
Nidhi Sharma - NBC News
Freshwater essential to lithium mining is running low in the world's "Lithium Triangle," a mineral-rich region in the Andean Plateau that stretches across parts of Argentina, Bolivia and Chile and contains more than half of all global lithium reserves. In a study published last week in the journal Communications Earth and Environment, researchers found that the amount of freshwater locally available for lithium extraction is about 10 times lower than previous estimates. Global lithium demand, which is expected to grow by 40 times by 2040, could outpace the limited annual rain that supplies freshwater to the arid Lithium Triangle.
/jlne.ws/3RtIm7X
A Quarter-Billion Dollars for Defamation: Inside Greenpeace's Huge Loss
Karen Zraick - The New York Times
A pipeline company's lawsuit against the environmental group could chill free speech, experts said. First Amendment issues are likely to figure prominently in an appeal.
/jlne.ws/4iVp4Va
The Next Big Thing in Carbon Capture? Trash.
Yusuf Khan - The Wall Street Journal
A group of tech companies is investing in a new method of removing CO2 from the atmosphere by capturing gas emitted when household waste is incinerated
/jlne.ws/4iT8hCe
Africa's Best-Performing Currency Helps Uganda Cut Power Prices
Fred Ojambo - Bloomberg
Uganda cut power prices by the most in two decades, helped in part by an appreciating currency that lowered the cost of imported fuel and components. The East African nation reduced power prices by an average 14% for the quarter ending June 30, the Kampala-based Electricity Regulatory Authority said in a statement on Tuesday.
/jlne.ws/3Rt8HD5
Tokyo Gas to buy Texas shale stake from Chevron; Deal expected in April as Japanese utility turns to natural gas trading
Shino Katayama - Nikkei Asia
Tokyo Gas has decided to acquire part of a shale gas development in Texas from U.S. oil major Chevron, Nikkei has learned, as the Japanese energy company looks to expand profit through trading. The deal, estimated at tens of billions of yen (10 billion yen equals $66.6 million), is expected as early as April. Tokyo Gas will use the natural gas it extracts from the development to trade on the market, as well as supply the fuel to power plants and other customers.
/jlne.ws/42hIs7T
US Office Of The Comptroller Of The Currency Withdraws Principles For Climate-Related Financial Risk Management For Large Financial Institutions
Mondovisione
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| Banks, Brokers & Managed Funds | | The latest from banks, brokers, hedge funds and managed futures | Ex-Schwab CEO Joins Private-Equity Firm That Owns Focus Financial; Walt Bettinger signed on as a senior advisor at Clayton, Dubilier & Rice, which bought Focus Financial in 2023.
Andrew Welsch - Barron's
Former Charles Schwab CEO Walt Bettinger didn't take long to branch out. He recently joined private-equity firm Clayton, Dubilier & Rice as a senior advisor of financial and technology services. Bettinger, who retired as Schwab CEO last year, will use his experience in wealth management to advise Clayton, Dubilier & Rice on strategy and assist in evaluating investment opportunities. Bettinger will continue to serve as co-chairman of the board directors at Schwab alongside founder Charles R. Schwab.
/jlne.ws/43w61vT
Goldman's Big Bonuses for CEO, President Deemed 'Poor Practice' by ISS
Todd Gillespie - Bloomberg
Goldman Sachs Group Inc.'s $80 million retention bonuses for the firm's top two leaders have drawn another prominent critic, with Institutional Shareholder Services urging investors to reject the rewards at an annual meeting. The incentives for Chief Executive Officer David Solomon and President John Waldron "lack rigorous, pre-set performance criteria, which is particularly concerning for off-cycle awards with such large values," the proxy adviser wrote in note to clients Monday. It accused the board of "poor practice" for adding new incentives before a prior program is finished.
/jlne.ws/3FPFEY1
UBS names new head of global investment management, memo says
Reuters
UBS has appointed its Americas chief investment officer, Solita Marcelli, to succeed Bruno Marxer as head of global investment management, according to an internal memo seen by Reuters on Monday. Marcelli will take on the role, which will be expanded to now cover the Americas, APAC, Switzerland and EMEA, effective July 1.
/jlne.ws/4j5p3gU
Pension Protection Fund vows to invest more in 'juicy' UK assets; Britain's £32bn lifeboat scheme says it will invest in infrastructure and scale-up companies if allowed to grow
Mary McDougall - Financial Times
The UK's £32bn pensions lifeboat has said it will invest 10 per cent of its assets in British infrastructure and scale-up companies if the government expands its remit to allow it to hoover up smaller schemes. The Pension Protection Fund - which was set up 20 years ago to protect defined benefit scheme members of failed companies - wants to be allowed to consolidate the UK's sprawling DB sector, but needs ministerial approval to expand.
/jlne.ws/42oCAL4
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| Work & Management | | Stories impacting work and more about management ideas, practices and trends. | No Toilet Paper and No Privacy: Returning to the Office, Federal Workers Walk Into Chaos; President Trump has described his new in-office requirement as a way to ensure workers are doing their jobs. He sees potentially leading more employees to quit as an added benefit.
Eileen Sullivan - The New York Times
For some federal employees, returning to the office has meant an expansion of their duties to include cleaning toilets and taking out the trash. For others, it has been commuting to a federal building only to continue doing their work through videoconferencing. Some showed up at the office just to be sent home. Others showed up early and had nowhere to sit. Some employees with the Federal Aviation Administration returned to an office where lead had been detected in the water. And spending freezes have meant a shortage of toilet paper in some buildings.
/jlne.ws/4jcNpW3
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| Wellness Exchange | | An Exchange of Health and Wellness Information | Analysts at Cantor, formerly headed by Lutnick, call for Kennedy's dismissal
Reuters
Analysts at Cantor Fitzgerald, formerly headed by the Trump administration's Secretary of Commerce Howard Lutnick, called for the dismissal of Secretary of Health and Human Services Robert F. Kennedy Jr. Kennedy, a well-known vaccine skeptic, last week announced plans to reshape the federal public health agencies, a move that could involve firing thousands of workers. Cantor analysts Josh Schimmer and Eric Schmidt said in a note on Monday that Kennedy was "undermining the trusted leadership of health care in this country. HHS cannot be led by an anti-vax, conspiracy theorist with inadequate training."
/jlne.ws/4lgJKIU
The way you brew your coffee can affect your heart health. Here's the best method
Beth Greenfield - Fortune
You likely know that saturated fats can raise your bad cholesterol levels. But did you know that coffee can, too? That's because java contains two cholesterol-elevating substances, or diterpenes, called cafestol and kahweol. But the way you brew your java can substantially reduce their presence, according to a new study out of Sweden, which has confirmed the healthiest coffee brewing method out there. Previous research had already shown that boiled coffee-brewed in the Turkish manner, for example-contained high levels of the diterpenes, which have been known to elevate cholesterol since the 1990s.
/jlne.ws/3Rui7hG
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| Regions | | Stories of local interest from the Americas, EMEA and Asia-Pacific regions | Trump's Russian Oil Threat Pushes India to Seek Alternatives
Serene Cheong and Yongchang Chin - Bloomberg
Indian refiners have rushed back to the market to seek crude supply after President Donald Trump's threat of more penalties against Russia raised concerns over potential disruptions to oil flows. State-owned Bharat Petroleum Corp. and Hindustan Petroleum Corp. are seeking additional supplies for May arrival from regions such as the Middle East, North Sea and Mediterranean, said traders familiar with the matter. The tenders this week were seen as outside of the regular procurement cycle, with barrels delivered next month typically purchased in early March.
/jlne.ws/42hGS5X
Europe's IPO Comeback Sputters as Market Turmoil Slows Deals
Pablo Mayo Cerqueiro - Bloomberg
A long-winded recovery in European initial public offerings is unlikely to gather pace until the second half of the year, with febrile markets pushing some listing hopefuls to pause or abandon their plans. Market participants had expected a busier start to the year, driven in part by growing pressure on private equity groups to return capital to their funders. Instead, first-quarter deal volume of around $3.9 billion is more than a third lower than the same period in 2024, with exchanges such as Frankfurt and Milan seeing no new listings, according to data compiled by Bloomberg.
/jlne.ws/4jbjOMN
Gold Powers South African Miners to Best Month on Record
Khuleko Siwele - Bloomberg
The surging gold price has propelled South African mining stocks to their best monthly performance on record, shielding the country's benchmark index from the mayhem in global markets. An index of South African mining companies jumped 33% in March, the most in a month since Bloomberg started compiling the data in 1995. That helped the benchmark FTSE/JSE All Share Index post a 3.1% gain for the month, outperforming emerging-market peers and US equities.
/jlne.ws/3XHUs0V
As 'Buy Canadian' grows, more US companies say retailers shunning their products
Siddharth Cavale, Nivedita Balu and Jessica DiNapoli - Reuters
The "Buy Canadian" movement is sending new ripples of concern through the executive offices of U.S.-based consumer companies that banked on selling their products on Canadian retail shelves. California-based diaper maker Parasol Co had been working since January with a distributor to expand the sale of its diapers and baby wipes to new retailers in Canada, including convenience stores, CEO Jessica Hung said.
/jlne.ws/4iPRD6l
Canadian copper miner drops $20bn arbitration demand against Panama
First Quantum decision suggests movement to resolve investor dispute with Central American government
Christine Murray - Financial Times
Canada's First Quantum Minerals on Monday said it was stepping back from a multibillion-dollar arbitration demand against Panama's government over the closing of one of the world's largest copper mines. The company suspended one case and dropped another, in a signal that there could soon be a resolution to one of the largest investor-state disputes in history. First Quantum's local subsidiary had been seeking damages of more than $20bn.
/jlne.ws/4hZFSZQ
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