Global TradFi & Macroeconomics

Alcoa Corporation reported a first-quarter revenue of $3.19 billion, down 5.3% year-over-year, missing expectations. Alumina production declined 5%, while aluminum output remained flat. The company maintained its 2026 guidance but anticipates Q2 EBITDA headwinds due to increased costs.

The CME's Fed Watch tool indicates a 99.5% probability of the Federal Reserve keeping rates unchanged in April, with similar projections for June showing a 98% likelihood of steady rates and minimal chances for rate cuts or hikes.

SenseTime has announced a placement agreement to issue 1.7 billion Class B shares at HKD 1.91 each, generating around HKD 3,230 million in net proceeds. The placement will involve trying to secure commitments from at least six investors.

Lufthansa will ground 27 regional aircraft and end CityLine operations by year's end to cut losses amid rising fuel costs and labor strikes, exacerbated by geopolitical tensions affecting aviation in Europe.

Joachim Nagel from the European Central Bank urged against providing forward guidance on interest rates, citing uncertainties about inflation linked to rising energy prices. He warned that the U.S.-Iran conflict is dampening Germany's economic growth prospects, prompting a downward revision of forecasts.

Broadcom's stock rose 0.44% to $398.47, marking its longest winning streak since December, boosted by a recovering semiconductor sector and positive analyst forecasts. The company’s partnerships and increased demand for AI infrastructure contribute to strong investor confidence.

Charles Schwab launched Bitcoin and Ethereum trading on its Schwab Crypto platform, starting with an employee pilot and expanding to a client waitlist by Q2 2026. The service targets 46 million brokerage accounts at a competitive 0.75% fee, positioning Schwab against existing crypto platforms.

Gate News: According to the latest Gate TradFi data, BNTX (BioNTech) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

On April 16, the S&P 500 and Nasdaq reached record highs due to favorable Middle East peace developments and positive economic data, despite mixed corporate earnings results. Market sentiment was cautious but optimistic, with significant movements in various sectors.

Netflix co-founder Reed Hastings will not seek re-election to the board when his term ends in June, marking a significant transition for the company he led. Under his guidance, Netflix evolved into a leading media powerhouse, innovating in streaming and original content. Hastings emphasized his focus on member joy and a lasting culture at Netflix.

TSMC reported a net profit of NT$572.5 billion for Q1 2026, a 58% increase year-over-year. The company expects over 30% revenue growth and is investing significantly in new facilities to meet high AI chip demand amid geopolitical concerns.

Gate News: According to the latest Gate TradFi data, RKLB (Rocket Lab Corp) has surged by 12% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

A traditional brokerage is set to launch spot cryptocurrency trading for retail clients, offering Bitcoin and Ethereum access. The service will include multiple trading platforms, a 0.75% fee, and additional crypto assets planned for the future, reflecting a trend of traditional finance entering the crypto space.

Gate News: According to the latest Gate TradFi data, USDHUF (US Dollar vs Hungarian Forint) has surged by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Pakistan's central bank has opened its banking system to licensed virtual asset service providers, reversing a previous ban. This change, following the Virtual Assets Act 2026, allows crypto businesses access to banking services under strict regulations.

Arxis, an aerospace and defense parts manufacturer, went public with a 32.7% increase to $37.16 per share, after its IPO at $28. In fiscal year 2025, Arxis generated $1.59 billion in revenue and achieved profitability with a net profit of $46 million.

Elon Musk’s financial product X Money is expected to launch in April, potentially upending the U.S. payments market and putting pressure on PayPal, as Mizuho Securities has downgraded PayPal’s rating to “Neutral.” However, regulatory variables have become the main challenge, especially the legal uncertainty surrounding crypto-asset payments and yield-generating products. X has also rolled out a “Cashtags” feature that integrates real-time financial data.

AMD's stock rose nearly 7% to an all-time high of $275.91, fueled by soaring demand for its EPYC processors amid supply constraints. Analysts report full production capacity sold out and extended lead times, correlating AI advancements with increasing CPU requirements.

Repsol has reestablished control over its Venezuelan oil assets following a deal with the government, planning to boost production by 50% in the next year despite previous U.S. sanctions that had limited its operations.

On April 16, Alibaba's stock rose over 3% after announcing price increases for its AI services to stabilize supply and operations. The company also unveiled Happy Oyster, an innovative model for 3D environments, targeting gaming and film industries, while aiming to boost AI and cloud revenue to $100 billion in five years.