News

Quantum stocks spiked after D-Wave said its quantum machines can outperform classical tech, helping the industry rebound after recent skepticism.

Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29 a barrel. U.S. gasoline inventories fell by 5.7 million barrels, more than the 1.9 million-barrel draw expected by analysts, while distillate stocks also dropped more than anticipated, despite gains in crude stocks. "Declining U.S. gasoline inventories raised expectations for a seasonal demand increase in spring, but concerns about the global economic impact of tariff wars weighed on the market," said Hiroyuki Kikukawa, chief strategist at Nissan Securities Investment.

NEW YORK/LONDON (Reuters) -The U.S. dollar rose against most major currencies including the Swiss franc and the euro on Thursday, as investors consolidated positions after selling the greenback for most of this week, but the outlook remained weak amid concerns about slowing growth arising from the Trump administration's trade policies. U.S. President Donald Trump threatened to impose a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Labor Department data on Thursday showed that U.S. producer prices were unexpectedly unchanged on a monthly basis in February, but the prospects of tariffs are unlikely to keep prices down in the coming months.

(Bloomberg) -- Investors in Asia ramped up their trading of US stocks outside of normal market hours last year, according to data from a popular platform, a sign of the increasing shift to all-hours equities trading.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Penns

"In a recessionary environment, we recommend infrastructure and back office application platform vendors, with more resilient spend," analysts at BofA said.

Trump’s slashed Chevron’s license to drill and export oil in Venezuela. Now, Chevron is calling for long-lasting legislation.

Goldman's chief US equity strategist lowered his year-end price target for the S&P 500, but said there's a path to recovery for stocks.

Wild volatility roils cryptocurrencies after Trump's presidential election win.

Recession chatter is still making the rounds on Wall Street, but cooler inflation is quelling fears of a dire scenario for the Fed.

Matt Hougan of Bitwise Asset Management explains why Trump's Bitcoin push is more bullish than the market thinks