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USA Rare Earth CEO defends Trump administration investment as congressional questions swirl

USA Rare Earth shareholders should not be concerned by the terms of the US Commerce Department’s pending investment in the company, which gives equity to Washington even if funding for the deal falls apart, CEO Barbara Humpton told Reuters.The $1.58 billion debt-and-equity funding package announced in January was the latest in a string of critical minerals investments by the Trump administration, part of a push to bolster US production of the building blocks for electronics, weapons and a plethora of other products.

Apr 10, 2026 - 6:26 PM

Copper output from Codelco down nearly 10% in February

Copper production from Chilean state-run miner Codelco fell 9.8% year-on-year in February to 88,500 metric tons, data from copper commission Cochilco showed on Friday.Production at BHP’s Escondida mine, the world’s largest copper mine, fell 7.4% to 105,000 tons. At Collahuasi, another major copper mine jointly run by Glencore and Anglo American, output rose 56.5% to 26,600 tons.(By Fabian Cambero; Editing by Daina Beth Solomon)

Apr 10, 2026 - 6:22 PM

Middle East war to cut growth, deliver cascading impact, World Bank chief says

WASHINGTON, April 10 (Reuters) - The war in the Middle East will have a cascading impact on the global economy, even if the fragile ceasefire announced by U.S. President Donald Trump takes hold, World Bank President Ajay Banga told Reuters in an interview on Friday.And the damage will be ‌far deeper if the ceasefire fails and the conflict escalates, he said.

Apr 10, 2026 - 5:26 PM

Fed will need to explain why current inflation jump differs from 2022 surge

WASHINGTON, April 10 (Reuters) - When surging U.S. inflation peaked in June of 2022, driven by rising prices for energy but also for food, shelter, vehicles, and a host of other items, Federal Reserve officials assured the public in stern tones that they were on top of the situation and would follow through with steep interest rate hikes to cool the economy.

Apr 10, 2026 - 3:36 PM

Oil whiplash: Iran war shock to flip market to deficit in 2026, analysts say

April 10 (Reuters) - The sharp hit to global oil production from the Iran war is poised to flip the oil market into a supply deficit this year, analysts say, a huge swing in forecasts that erases ‌previous expectations of comfortable oversupply.The conflict, which began on February 28 with U.S. and Israeli strikes on Iran, has effectively stalled flows through the Strait of Hormuz, a passageway for about a fifth of global oil consumption. Production shut-ins and attacks on energy infrastructure have also cut deeply into output.

Apr 10, 2026 - 3:34 PM

Wall St Week Ahead US earnings season set to test war-rattled stocks

NEW YORK, April 10 (Reuters) - Investors will seek evidence in the coming week that the U.S. corporate profit engine is humming along, and whether threats to that upbeat business outlook are emerging from the Middle East war and the resulting ‌surge in energy costs.First-quarter earnings season kicks off with reports from major U.S. banks. Expectations for a strong quarter and year for profit growth have underpinned bullish outlooks for stocks. Those expectations have remained intact as the conflict in Iran took hold over the past month.

Apr 10, 2026 - 2:32 PM

Canadian dollar pares weekly gain after tepid job growth

TORONTO, April 10 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday as investors ‌weighed subdued domestic jobs data and awaited peace talks between the United States and Iran, but the currency held on to much of its weekly gain.

Apr 10, 2026 - 2:07 PM

Gold heads for weekly gain, US-Iran truce in focus

April 10 (Reuters) - Gold prices inched up on Friday and headed for a weekly ‌gain as the U.S. dollar weakened following the U.S.-Iran truce, though market participants continued to assess its durability and implications for interest rates.Spot gold rose 0.3% to $4,778.89 per ounce as of 9:29 a.m. ET (1329 GMT). It has gained over 2% so far this week.U.S. gold futures fell 0.3% to $4,804.00.

Apr 10, 2026 - 11:30 AM

TSX rises as investors weigh economic data; US-Iran talks in focus

April 10 - Canada's main stock index rose on ‌Friday as investors weighed U.S. inflation data and Canada's jobs report, while oil prices rose ahead of U.S.-Iran peace talks.At 10:10 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index (.GSPTSE), was up 0.64% at 33,692.4 points, and looked set for a second straight week of gains.

Apr 10, 2026 - 11:27 AM

US trade court weighs legality of Trump 10% global tariff

NEW YORK, April 10 (Reuters) - A U.S. trade court on Friday considered the legality of a 10% global import tax imposed by the Trump administration, which several states and small businesses say sidesteps a U.S. Supreme Court ruling ‌that invalidated most of Trump's previous tariffs.A group of 24 mostly Democratic-led states and two small businesses sued the Trump administration to stop the new tariffs, which went into effect on February 24.The hearing is before a three-judge panel of the U.S. Court of International Trade.

Apr 10, 2026 - 11:15 AM

US factory orders unchanged in February for second straight month

WASHINGTON, April 10 (Reuters) - New orders for U.S. factory goods were unchanged for a second straight month in February as weak demand for commercial ‌aircraft offset gains elsewhere.The flat reading in February reported by the Commerce Department's Census Bureau on Friday was better than economists' expectations for a 0.2% decline. Orders increased 3.7% year-on-year in ⁠February.The Census Bureau is still catching up on data releases following delays caused by last year's government shutdown.

Apr 10, 2026 - 11:10 AM

Ceasefire sends dollar toward weekly drop with US-Iran talks in focus

NEW YORK/SINGAPORE, April 10 (Reuters) - The dollar slipped on Friday, putting it on track for its largest weekly drop since January, as investors sold safe-haven assets on the assumption that oil shipping will resume if a ceasefire holds ‌in the Gulf.The dollar had towered in March as one of the few bastions of safety as the U.S. and Israeli war on Iran sent oil prices surging and hit stocks and gold, while inflation worries pressured bonds.But since a fragile ceasefire was agreed on Tuesday, those positions are being unwound.

Apr 10, 2026 - 11:08 AM

S&P 500, Nasdaq open higher after inflation data; Mideast in focus

April 10 (Reuters) - The S&P 500 and the Nasdaq opened higher on ‌Friday after March inflation data largely aligned with expectations despite persistent pressures from the ⁠Iran war, while investors assessed the stability of the ceasefire.

Apr 10, 2026 - 10:30 AM

Traders keep bets the fed will stay on hold all 2026

April 10 (Reuters) - Traders on Friday kept bets the Federal ‌Reserve will leave interest rates on hold through the end of ⁠2026 after the Labor Department reported consumer prices surged in March, as expected.They continue to see about ‌a ⁠one-in-three chance of chance of a rate cut by the ⁠Fed's December meeting, based on pricing in ⁠interest-rate futures contracts traded ⁠at CME Group.Reporting by Ann Saphir; Editing by Toby Chopra

Apr 10, 2026 - 9:48 AM

Lithium bulls set to gatecrash Chile's copper party

SANTIAGO, April 10 (Reuters) - Chile is set to break with precedent and open its annual global copper gathering next week with a day of panels devoted to lithium, as it seeks to decisively diversify beyond the red metal that has powered its economy ‌for decades.The inaugural World Lithium Conference, organised by consultancy CRU and the International Lithium Association, will kick off what the copper industry knows as CESCO Week in Santiago on Monday.

Apr 10, 2026 - 9:43 AM

Canada's March employment posts modest increase, jobless rate unchanged

OTTAWA, April 10 (Reuters) - Canada's job growth remained ‌subdued in March while the unemployment rate remained unchanged at 6.7% from the prior month, data showed on Friday, signaling continued slack, or underutilized workforce, in the labor market.Employment in March rose by a net of 14,100 jobs against a slump of 83,900 in the prior month, Statistics Canada said.This was the first time this year that the job market grew, even though the gains were modest and was nowhere near enough to offset a whopping 109,000 total job losses in ⁠the first two months of the year.

Apr 10, 2026 - 9:35 AM

Crypto giant Kraken's Fed payment account sparks concerns about risks

April 10 (Reuters) - Crypto giant Kraken's landmark Federal Reserve master account comes with restrictions aimed at mitigating risks, but it - and others likely to follow in its wake - could still create vulnerabilities for the U.S. financial system.

Apr 10, 2026 - 9:22 AM

STOXX 600 set for third weekly gain as investors eye US-Iran talks

April 10 (Reuters) - The European stock benchmark rose on Friday, on course for its third weekly gain, as investors were cautiously optimistic of the weekend U.S.-Iran talks, ‌despite signs of strain in the fragile ceasefire agreement.The pan-European index STOXX 600 (.STOXX),was up 0.4% at 614.98 points, as of 0831 GMT. So far, it has gained 2.8% this week and about 7% in three weeks.Major regional bourses also traded higher, with Germany's DAX (.DAXI),and France's CAC 40 (.FCHI),both up 0.2%.

Apr 10, 2026 - 9:19 AM

India gold demand firms ahead of festival; China premiums ease

April 10 (Reuters) - Gold demand in India picked up slightly this week ‌ahead of a key festival, although elevated prices weighed on sentiment, while premiums in China narrowed as retail demand slowed.Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19."Retail buyers have started making bookings for the Akshaya Tritiya festival, but footfalls are far lower than normal. They are struggling ⁠to adjust to higher prices," said an Ahmedabad, Gujarat state-based jeweller.

Apr 10, 2026 - 8:35 AM

US stock futures steady ahead of inflation data, Mideast truce in focus

April 10 (Reuters) - U.S. stock index futures were flat on Friday as investors awaited a key inflation report and monitored geopolitical developments surrounding an uneasy ‌truce in the Middle East.The announcement of a two-week ceasefire earlier this week between the U.S. and Iran buoyed Wall Street, setting the S&P 500 on track for its largest weekly jump since November. Meanwhile, the Dow is set to post its strongest gains since June.

Apr 10, 2026 - 8:27 AM

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