S&P Global Ratings said on Friday it had cut its long-term issuer credit ratings on Nissan Motor to 'BB'. It said that "prospects for a fast improvement in Nissan Motor's automotive business to levels comparable with similarly rated peers' are now remote".
US Stocks Whipsawed by Tariff Confusion Teeter Near Key Level
(Bloomberg) -- It’s been a whirlwind of a week for US stocks as tariffs hit a fever pitch, sending the S&P 500 into a tailspin that briefly drove it below a closely watched technical level.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-
Inflows into global money market funds jump as US tariffs deepen economic fears
Global money market funds witnessed a surge in inflows in the week through March 5 as investors sought safety following the United States' move to escalate its trade war by slapping steep tariffs on imports from Canada, Mexico and China, fueling concerns about the potential impact on the global economy. Investors pumped a massive $61.32 billion into global money market funds during the week, following a net $39.55 billion worth of purchases in the prior week, data from LSEG Lipper showed. At the same time, demand for global equity funds dipped to a four-week low as these funds garnered just $2.97 billion worth of inflows during the week.
Intuitive Machines stock plummets after second sideways moon landing
(Reuters) -Intuitive Machines' shares tumbled 23% on Friday after the company confirmed its second moon lander, Athena, landed on its side a day earlier, mirroring the company's first lunar landing attempt last year. The six-legged Athena lander touched down at a site about 100 miles (160 km) from the moon's south pole, but Intuitive Machines said on Friday the mission ended due to the spacecraft being on its side after completing several mission milestones. "With the direction of the sun, the orientation of the solar panels, and extreme cold temperatures in the crater, Intuitive Machines does not expect Athena to recharge," the space company said.
As Musk’s influence in Washington grows, Tesla’s stock sinks—erasing $103 billion from his net worth
Tesla has had a turbulent February. Marked by a significant stock decline and growing backlash to Elon Musk's political role.
Aramco Cuts Oil Prices to Asia as OPEC+ Eases Output Curbs
(Bloomberg) -- Saudi Arabia is cutting oil prices for buyers in Asia, its largest market, as OPEC+ begins to ease restrictions on production.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowState producer Saudi Aramco will lower t
Trump confirms U.S. Bitcoin reserve, no more sales of seized BTC
President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve
3 Reasons to Avoid ROK and 1 Stock to Buy Instead
Rockwell Automation trades at $274.49 and has moved in lockstep with the market. Its shares have returned 5.9% over the last six months while the S&P 500 has gained 5.2%.
3 Reasons to Avoid KLIC and 1 Stock to Buy Instead
Kulicke and Soffa currently trades at $37.36 per share and has shown little upside over the past six months, posting a small loss of 3.5%. The stock also fell short of the S&P 500’s 5.2% gain during that period.
3 Reasons to Sell CAKE and 1 Stock to Buy Instead
Over the past six months, The Cheesecake Factory has been a great trade, beating the S&P 500 by 28.4%. Its stock price has climbed to $48.75, representing a healthy 33.6% increase. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.