News

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneSan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisThere is strong nationwide support among Canadians for putting export ta

In the 48 hours before new tariffs on Canada and Mexico were scheduled to go into effect, there was a huge sell-off in just about every single cryptocurrency, including market leader Bitcoin (CRYPTO: BTC). At one point, Ethereum (CRYPTO: ETH) was down as much as 25%. While many cryptos subsequently recovered after the implementation of the tariffs was put on hold, those 48 hours offer a cautionary tale for anyone thinking about investing in crypto as the tariff war heats up.

Industrial conglomerate Honeywell (NASDAQ:HON) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 6.9% year on year to $10.09 billion. On the other hand, the company’s full-year revenue guidance of $40.1 billion at the midpoint came in 2.8% below analysts’ estimates. Its non-GAAP profit of $2.47 per share was 6.4% above analysts’ consensus estimates.

With tariff tensions easing a touch for now and price pressures coming off the boil, U.S. Treasury yields have plunged this week - defusing a tense January for bond markets and helping stocks find a foothold in the thick of a noisy earnings season. Although they backed up a touch early Thursday, 10-year Treasury yields have sliced below 4.5% - dropping more than 10 basis points at one point on Wednesday to their lowest of the year as January ISM service sector readings showed a surprise drop in the prices paid by businesses. Along with the prior day's news on some cooling of the labor market and this week's delays in U.S. tariff hikes on Mexico and Canada, the drop in yields came largely independently of futures thinking on Federal Reserve interest rates.

Semiconductor materials supplier Entegris (NASDAQ:ENTG) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 4.6% year on year to $849.8 million. On the other hand, next quarter’s revenue guidance of $790 million was less impressive, coming in 0.6% below analysts’ estimates. Its non-GAAP profit of $0.84 per share was 7.7% above analysts’ consensus estimates.

In a labor market driven by consumer-led sectors, a resurgence in inflation could be the largest looming risk to the health of the jobs picture.

Looking for the best money market account interest rates available today? Here’s where to find the highest rates. Is a good time to open a money market account?

The FTSE 100 has started the year with a bang, hitting its second all-time high of 2025 this morning, surging past 8,700 points at the open. It had broken its previous record high just last month, closing above 8,500 points for the first time in January.

COPENHAGEN (Reuters) -Maersk on Thursday said it expects to grow its business to track an expected 4% growth in global container shipping this year, even as profits are set to decline and U.S. President Donald Trump's tariff threats create uncertainty. Geopolitical developments including Trump's threats to impose tariffs on the top U.S. trading partners and access to the Red Sea shipping route will impact Maersk's revenues. The shipping giant, viewed as a barometer of world trade, had seen no changes in cargo flows due to the threats of tariffs so far, said CEO Vincent Clerc.

Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday. Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos, starting on February 10. Four tankers, carrying 6 million barrels of U.S. West Texas Intermediate (WTI) and Alaskan North Slope (ANS) crude, and two LNG vessels are currently en route to China, data from analytics firms Kpler and LSEG showed.