News

After the inflation report, released at the same time as hawkish monetary policy remarks from Fed Governor Michelle Bowman, traders of futures that settle to the Fed's policy rate priced in about a 70% chance that the short-term borrowing rate will be 4.25% or lower after the Fed's June meeting, little changed from earlier in the day. They were pricing in a second and final 2025 interest rate cut no sooner than October.

(Bloomberg) -- Traders are ramping up bets for a deeper divergence between European and US interest rates, setting the euro on a clear path for further weakness. Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials The currency fell to to its lowe

U.S. oil producer Chevron used the term "Gulf of America" instead of Gulf of Mexico in its fourth-quarter press release on Friday, a sign of corporate America beginning to implement U.S. President Donald Trump's order to rename the ocean basin. The name change was part of a flurry of executive orders Trump issued shortly after taking office this month. Google Maps will change the name once it is officially updated in the U.S. Geographic Names System, though it will only be visible in the U.S., Google said on Monday.

(Bloomberg) -- MicroStrategy Inc. has raised $563 million through a debt-like equity offering to help finance its purchase of more Bitcoin.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials The perpetual strike preferred stock was sold for $80 a

Crypto miners often own large plots of land and significant power resources — assets that are also crucial for high-performance computing (HPC) and AI data centers. To capitalize on the AI boom, many miners have begun to repurpose parts of their operations into data centers, given they already have most of the infrastructure. Critics of the approach, however, warn that the shift may not be successful because AI data centers are more sophisticated.

Maintenance and repair supplier W.W. Grainger (NYSE:GWW) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 5.9% year on year to $4.23 billion. On the other hand, the company’s full-year revenue guidance of $17.85 billion at the midpoint came in 1.8% below analysts’ estimates. Its GAAP profit of $9.71 per share was in line with analysts’ consensus estimates.

(Bloomberg) -- Private markets are set to see trillions of dollars of inflows as wealthy individuals gain greater access to an industry once dominated by institutional investors, according to a senior managing director at Blackstone Inc.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federa

News of the day for Jan. 31, 2025

Cable, internet, and telephone services provider Charter (NASDAQ:CHTR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 1.6% year on year to $13.93 billion. Its GAAP profit of $10.10 per share was 9.5% above analysts’ consensus estimates.

Walgreens Boots Alliance shares sank Friday after the pharmacy chain suspended its quarterly dividend to shore up its finances while it works to turn around its business.