10Apr2019 Market Close: Wall Street Ends Higher After Fed Minutes, DOW Closes Up 7 Points After Spending Most Of The Session In The Red, Nasdaq Closes Up 0.7%

Wall Street ekes out gains as investors shrug off Fed minutes

Tech stocks led Wall Street slightly higher on Wednesday, with investors largely shrugging off benign U.S. inflation data and unsurprising minutes from the Federal Reserve’s March meeting.

ADM may eliminate positions in restructuring of specific areas

U.S. grain trader Archer Daniels Midland Co said on Wednesday it will open a voluntary retirement window for North American employees and may eliminate individual positions as part of restructuring of specific areas.

U.S. consumer prices rise solidly, but underlying trend tame

U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth.

U.S. government posts $147 billion deficit in March

The U.S. federal government posted a $147 billion budget deficit in March, according to data released on Wednesday by the Treasury Department.

U.S. lawmakers grill bank CEOs for the first time since financial crisis

Chief executives of some of the largest U.S. banks appeared before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.

Factbox: Big bank CEOs face the heat over pay disparity at Capitol Hill

Chief executive officers of some of America’s largest banks, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc, on Wednesday testified before Congress, where they were grilled on a wide range topics.

Oil rallies as U.S. gasoline inventory draw offsets crude build

Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela’s crude supply.

Stocks, euro inch higher on ECB stance

The euro rose and world stock markets edged higher on Wednesday amid tame U.S. inflation data and as the European Central Bank left its ultra-easy policy stance unchanged but warned that economic risks remained to the downside.

Wife of ousted Nissan boss Ghosn returns to Japan to testify

The wife of ousted Nissan boss Carlos Ghosn returned to Japan on Wednesday and intends to testify to Tokyo prosecutors, a source close to her entourage said, days after she left the country to seek help from the French government.

Short-Squeeze Sends Small Caps Soaring But Fed-Fear Triggers Bitcoin-Buying

As US economic data plunges to almost two year lows, the message from The Fed’s Minutes was clear…

ChiNext ended the day lower despite China’s National Team buying panic in the afternoon session…

World Faces “Uphill Battle” With Average IQ Of Just 82!

Authored by James Thompson via The Unz Review,

David Becker has released a new version of the World’s IQ. Each country has a score showing the cognitive abilities of their citizens, this being a blend of genetics and the environment of each country, particularly as regards education and health. The world’s global score is 82. This is 12th percentile rank on the Greenwich Mean Intelligence benchmark of IQ 100. As school teachers used to say in end of year reports: “Could do better”.

First Ever Image Of Black Hole Reveals “The Gates Of Hell, The Point Of No-Return”

Astronomers have captured the first-ever image of a black hole using the Event Horizon Telescope (EHT) – a network of eight radio telescopes spanning the globe at various locations including Antarctica, Spain and Chile – which creates an effective telescope the size of the earth.

The results were presented simultaneously by teams in Tokyo, Washington, Brussels, and Santiago de Chile.

“This major discovery provides visual evidence for the existence of black holes and pushes the boundaries of modern science,” said the European Commission in Brussels in a Wednesday statement.

Google Founders Ducking Employees; Have Skipped Every Town Hall In 2019

Google cofounders Sergey Brin and Larry Page have bailed on every single weekly “TGIF” town hall meeting in 2019, according to BuzzFeed News – the pair’s longest attendance lapse in company history.

If you’re searching for higher returns, oil has doubled the gain of stocks

Consider shares of Royal Dutch Shell, Exxon Mobil, Chevron, Halliburton and Baker Hughes, among others.

More manufacturing jobs could lower rates of crime and drug trafficking, economist argues at the IMF

Nearly 25% of the increase in crime in Mexico can be explained by economic conditions, says Melissa Dell, an economics professor at Harvard.

Upgrade: The No. 1 money-saving question Americans asked Google this year

And why it’s harder than ever for many people to achieve this savings goal.