Four-foot tsunami waves were recorded in Hawaii, and the initial signs of a tsunami were detected in California after a powerful earthquake in Russia’s Far East triggered warnings across the Pacific. While some alerts in Hawaii were downgraded to advisories—allowing evacuees to return home—and warnings in Shanghai were canceled, authorities remained watchful. The magnitude-8.8 quake is the strongest worldwide since 2011. Donald Trump’s flurry of trade deal announcements are still a little light on detail. With key aspects still under negotiation, partners are giving mixed signals about what they signed up for, and big numbers seem to be shrinking when they’re put under scrutiny. As this plays out, the president said that India may be hit with a tariff rate of 20% to 25%, although added that the levy wasn’t yet final. Turning to markets, US equity futures struggled for momentum ahead of today’s Federal Reserve interest-rate decision and a load of major company earnings. The Fed is expected to hold rates, despite Trump asking for a cut. Check out the major market themes right here. In corporate news, Tesla signed a $4.3 billion agreement to source lithium iron phosphate batteries from LG Energy: their second deal this month with a South Korean manufacturer. Starbucks is still struggling to perk up as sales and profit fell more than expected. And the Aston Martin Formula One team agreed to sell a minority stake that values it at about $3.2 billion, as demand to invest in the sport shows no sign of slowing. Members of NYPD Crime Unit examine a door with bullet holes at the scene of Monday's deadly shooting. Photographer: Yuki Iwamura/AP Monday’s deadly shooting at a New York City office tower was the worst day in Blackstone’s history, company bosses said. The incident yet again exposed the vulnerability of corporate employees even inside the commercial core of America’s financial capital, prompting reviews of security procedures across Manhattan. |