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Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 2.2% over the past six months. This drop was disheartening since the S&P 500 stood firm.

(Bloomberg) -- OPEC+ crude production surged last month as Kazakhstan, which has long flouted the cartel’s output quotas, further breached its agreed limit.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 ReformsWhere New York City's Zoning Reform Will Add HousingThe alliance’s output climbed by

(Reuters) -Cooler inflation last month leaves the door open for the Federal Reserve to resume cutting interest rates by mid-year, but the central bank remains worried that U.S. tariff hikes could rekindle price pressures, trigger an economic slowdown, or both. Consumer prices rose 2.8% in February from a year earlier, a government report showed on Wednesday, marking progress compared with the 3% reading in January. As long as the labor market stays strong, continued easing on the inflation front would allow the Fed to adjust interest-rates slowly downward in what analysts and some Fed policymakers have referred to as "good news" rate cuts.

Growth is oxygen. But when it evaporates, the consequences can be extreme - ask anyone who bought Cisco in the Dot-Com Bubble (Nvidia?) or newer investors who lived through the 2020 to 2022 COVID cycle.

Bitcoin jumps past $83,900, lifting Ethereum, Solana, and XRP. With CPI data easing Fed concerns, investors eye further gains.

WASHINGTON (Reuters) -U.S. consumer prices increased moderately in February as higher shelter costs were partially offset by cheaper airline fares, giving the Federal Reserve room to keep interest rates unchanged next week while monitoring the economic impact of a trade war. But the relief offered by the tame Consumer Price Index report from the Labor Department on Wednesday could be temporary as the data did not capture a cascade of tariffs by President Donald Trump's administration, which has caused a surge in consumers' inflation expectations and prompted economists to upgrade their inflation forecasts.

A review of President Trump's recent commentary suggests he cares more about tariffs than markets — at least so far — during his second go-around in the White House.

Outdoor lifestyle and recreational products company Solo Brands (NYSE:DTC) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 13.2% year on year to $143.5 million. Its non-GAAP profit of $0.03 per share was 77.7% below analysts’ consensus estimates.

MUMBAI (Reuters) -U.S. President Donald Trump's tariffs can boost manufacturing activity in the United States, the world's largest economy, Blackstone Chief Executive Stephen Schwarzman said on Wednesday. Trump's focus on tariffs since taking office in January has shaken investors, consumers and business confidence and economists have voiced concerns of a U.S. recession that could drag down the global economy. Schwarzman, a long-time Trump donor, speaking to reporters in Mumbai at an event to mark Blackstone's 20th anniversary in India, said he expected India-U.S. tariff negotiations to be smoother than those with other countries following a meeting between Prime Minister Narendra Modi and Trump last month.

Shares of Stitch Fix surged Wednesday after the clothing subscription business reported better revenue and a smaller loss than analysts had expected for the second quarter of fiscal 2025.