Shares of Intuitive Machines tumbled on Thursday amid uncertainty about the status of its Athena lander’s attempt to touch down on the surface of the moon today.
Fed's Waller, leaning against March cut, sees easings later in year
NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he leans strongly against a rate cut at the Fed's upcoming policy meeting this month, although he reckons cuts later in the year remain on track if inflation pressures continue to abate. In discounting an easing at March 18-19 Federal Open Market Committee, Waller indicated he simply will not have the inflation data in hand to know whether cutting what’s now a 4.25% to 4.5% federal funds rate range is justified, especially amid the heavy uncertainty created by President Donald Trump’s trade agenda.
Oil Crawls Back on Tariff Delays, Fresh Sanction Prospects
(Bloomberg) -- Oil eked out a marginal gain after a session of whipsawing as US President Donald Trump’s moved to delay tariffs on imports from Canada and Mexico. 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 LowWest Texas Interme
Texas Surges in U.S. States' Race to Put Public Funds Into Crypto
Texas' bitcoin strategic reserve bill clears its senate, while New Hampshire marks a committee win and Utah teeters on a deadline this week.
Hoskinson snubbed from White House crypto summit, but Cardano gets a spot
Charles Hoskinson was excluded from the White House Crypto Summit despite President Trump's planned U.S. national crypto reserve including Cardano without his consultation.
Why Tesla (TSLA) Stock Is Down Today
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 6.4% in the afternoon session as markets tumbled after holding steady the previous day, while concerns over the ongoing trade war continued to spread.
Crypto prime brokerage August raises $10 million in round led by Dragonfly Ventures
The company will use the money to expand the team and develop new technology.
Venezuela to Reinvest Debt Owed to Chevron in Local Oil Industry
(Bloomberg) -- Venezuela will reinvest the debt it owes to Chevron Corp. after US President Donald Trump gave the oil giant one month to stop producing oil in the South American nation.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NJ College to Merge With State School After Financial StressHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year
Wall Street sells off as tariff concerns mount, Nasdaq confirms correction
NEW YORK (Reuters) -Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump's trade policy may have on companies and the broader economy, while Marvell Technology's revenue forecast sparked concerns about spending on artificial intelligence infrastructure. The Nasdaq Composite ended down 10.4% from its record high close on December 16, confirming the tech-heavy index has been in a correction since peaking several months ago. Below are investor comments about the selloff, which also saw the S&P 500 dip below its 200-day moving average for the first time since November 1, 2023.
What the 7 C's of commodities signal about inflation
Peter Borish argued that the 7 C's of commodities are the key to understanding shifts in the stock market.