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News of the day for April 15, 2025

(Reuters) -Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul, lifting its shares more than 4%. "There is a lot to potentially change given the uncertainty around the tariffs and the policies on the future path of the economy," CEO Brian Moynihan told analysts on a call. Equities trading jumped 17% to a record $2.2 billion, while fixed income, currencies and commodities trading revenue jumped 5% to $3.5 billion, propelling its markets revenue to the highest in more than a decade.

The combination of an electronics tariff reprieve and dovish noises from the Federal Reserve have created a semblance of calm in financial markets, though the lingering trade war uncertainty means the respite probably won't last long. * The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on national security grounds, Federal Register filings on Monday showed. * The dollar held steady on Tuesday, trading near a three-year low against the euro and a six-month trough against the yen, as investors trying to make sense of the constant changes to President Donald Trump's tariffs remained wary of U.S. assets.

Boeing shares are falling in premarket trading Tuesday after Beijing reportedly told its airlines not to take more deliveries of the American company's jets, as the trade war between the U.S. and China heats up.

NEW YORK (Reuters) -U.S. stocks ended slightly lower on Tuesday as tariff uncertainty stayed high and shares of consumer and healthcare companies eased, while upbeat results from banks provided some support. Shares of Bank of America and Citigroup rose following their results. Still, bank executives warned that U.S. consumer spending faces huge risks if the upheaval sparked by President Donald Trump's trade policy goes on.

The U.S. dollar is on track to have its worst month in years, a development that has alarmed some experts worried about crumbling faith in U.S. financial stability.

The U.S. bond market is struggling with a departure from the dollar.

"I think it's too soon to tell if the tariffs will lead the world into a recession," Christopher Tsai said of Trump's reciprocal tariffs.

Palantir's strategy of building software for defense and intelligence agencies has taken off, and Silicon Valley is following Karp's lead.

The past six months haven’t been great for WeightWatchers. It just made a new 52-week low of $0.16, and shareholders have lost 88.9% of their capital. This may have investors wondering how to approach the situation.