Real-time News

European Central Bank President Christine Lagarde: We will not allow inflation expectations to go off track.

U.S. Treasury Secretary Bessant: Economic growth this year could still easily exceed 3% or 3.5%.

U.S. Treasury Secretary Bessenter: The economic fundamentals remain strong.

ECB President Christine Lagarde: It would be a mistake to say we need to ignore the current shocks; it is too early to draw such a conclusion.

On April 15th, U.S. Customs and Border Protection (CBP) announced on the 14th that it had essentially completed the first phase of development for a new customs declaration system feature enabling large-scale refunds to importers, and would begin processing related tariff refunds on the 20th. The agency plans to deploy the tariff refund system using a phased development model, adding more functionality in later phases to address more complex business scenarios. On February 20th, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) did not authorize the president to impose large-scale tariffs. On March 4th, a judge of the U.S. Court of International Trade ruled that CBP could not impose tariffs under the IEPA during tariff settlements. This means that tariffs previously imposed under the IEPA must be refunded.

According to the network monitoring website DownDetector, user reports indicate that X is experiencing a malfunction within the United States.

World Bank President: The World Bank may provide $80 billion to $100 billion in financing to countries severely impacted by the Middle East wars over the next 15 months.

April 15th - Two months into the war in Iraq, while the situation remains uncertain, Wall Street appears to be gradually ignoring external noise after the initial shocks. Since March 27th, the S&P 500 has rebounded nearly 10%, poised for its third consecutive week of gains. During the same period, the Nasdaq 100 has risen approximately 12%, marking its longest winning streak since 2021 with ten consecutive days of gains. After five consecutive weeks of declines triggered by US-Israeli airstrikes, traders are now ignoring negative news from the Middle East and resuming large-scale stock purchases. Doug Peta, chief US investment strategist at BCA Research, stated, "The stock market, and indeed the entire financial market, doesn't seem as worried about the situation in the Strait of Hormuz. With earnings season underway, company fundamentals are driving stock prices more strongly than headlines about the Iranian situation." Senior strategist Ed Yardeni pointed out that the market is learning to "coexist" with the war in Iraq and maintains the assessment that the S&P 500 bottomed out on March 30th.

White House National Economic Council Director Hassett: We can definitely achieve 4% growth this year.

On April 15th, Amazon (AMZN.O) acquired satellite operator Globalstar (GSAT.O) for $11.6 billion, intensifying its competition with Elon Musk's Starlink in the satellite communications market, a market expected to double to $200 billion in the coming years. Amazon stated it will launch a direct-to-satellite service by 2028, providing direct connectivity to people's mobile devices as an alternative to traditional cellular base stations. For years, the e-commerce giant has been trying to enter the satellite services market in search of new growth beyond its massive retail and cloud computing businesses. Amazon also announced on Tuesday that Apple's (AAPL.O) emergency texting service will be moved to Amazon Leo, its recently renamed broadband satellite network. Securing Apple as a customer is a major victory for Leo, which had previously lagged behind SpaceX's Starlink division in signing major partners such as airlines.

Documents show that Italian oil company Eni is loading a shipment of heavy crude oil in Venezuela for shipment to Europe.

U.S. API crude oil production for the week ending April 10 decreased by 145,000 barrels per day, compared to 71,000 barrels per day in the previous week.

U.S. refined product imports for the week ending April 10 were 70,000 barrels per day, compared to 74,000 barrels per day in the previous week.

U.S. crude oil imports for the week ending April 10 were down 336,000 barrels, compared to a previous week's down 593,000 barrels.

U.S. heating oil inventories fell by 228,000 barrels in the week ending April 10, compared with a previous week's decrease of 92,000 barrels.

U.S. API Cushing crude oil inventories fell by 1.684 million barrels in the week ending April 10, compared with a previous week's decrease of 629,000 barrels.

U.S. API distillate fuel inventories fell by 3.363 million barrels in the week ending April 10, compared with an expected decrease of 2.5 million barrels and a previous decrease of 599,000 barrels.

U.S. gasoline inventories for the week ending April 10 were 626,000 barrels, compared to an expected decrease of 2.212 million barrels and a previous decrease of 3.968 million barrels.