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Asian investors hoping for some relief from soaring U.S. bond yields and a ravaging dollar were deflated by Federal Reserve matron Jerome Powell's remarks on Tuesday, and will likely be on guard in Wednesday's trading. "Rather than giving us greater confidence, the recent data clearly suggests that realizing that confidence may take longer than expected," Powell said in Washington, a signal from the world of the Bubbles that inflation will not fall back to the central bank's 2% target as quickly as expected, and so interest rates will have to stay higher for a longer period of time. The "longer-term move higher" also seems to apply to the US dollar, bond yields and financial condition indices - a suboptimal grouping for Asian assets that are already feeling the heat.

Stocks were higher on Tuesday as earnings continued to beat expectations.

As the well-documented trend of nearshoring continues, Mexico is expected to continue to win business and make headlines. The post Shippers Must Look for Wealthy Cross-Border Providers as Mexican Market Booms appeared first on FreightWaves.

The $1,160 price target may seem like a pipe dream, especially given the stock's meteoric rise, but there's evidence that it may be conservative.

Stocks are expected to rebound broadly from the sharp sell-off as investors digest the industry merit of U.S. banks and other heavyweights.

Jamie Dimon, JPMorgan Chase's chief executive officer, sold $33 million worth of stock on Monday, following a $150 million sale in February.

Bank of Montreal is expanding rapidly in its southern neighbor, and the bank's chief executive said the U.S. economy is showing signs of stronger-than-expected growth, and California is a strategically important market. Speaking to shareholders at the bank's annual meeting, Bank of Montreal Chief Executive Officer Darryl White said the bank is well-positioned to meet the needs of its customers across the U.S. and Canadian economies in a changing global landscape. Montreal, Canada's third-largest bank by market capitalization, spent $16.3 billion last year to acquire Bank of the West, the largest deal in Canadian banking history.