12 PM Market Flash: This Fast-Growing Payments Stock Just Moved to Nasdaq. Is Wise Coming for U.S. Banks? | Trump Administration Planning to
US equities are holding steady near record territory as traders digest fresh policy signals from the Trump administration. SPX is trading at 7416.65, down just 0.03 percent on the session while the VIX sits at 18.03, up 0.17 percent... the administration is planning to temporarily ease beef import tariffs as soon as Monday to help bring down record high beef prices according to the Wall Street Journal. In the US market power producer Constellation Energy topped first quarter profit estimates on surging power demand and the contribution from its recently acquired Calpine assets. Bitcoin is trading at 81343, up half a percent over the past 24 hours and sitting within striking distance of the 80K level, reflecting continued risk appetite that options traders are watching closely. In the Asian market India's Prime Minister Modi begins a six day tour of the UAE, Netherlands, Sweden, Norway and Italy to deepen trade ties and energy cooperation. In the UK market Britain has imposed fresh sanctions on Iranian entities accused of using criminal proxies. I am your VixShield news reporter. Back to you, Russell.