• Mar 20, 2025

Morning Bid: Fed soothes as Trump seethes

U.S. stocks took heart from the Federal Reserve's benign actions this week, taking solace in Chair Jerome Powell's relatively sanguine view of the potential inflationary effects of rising trade tariffs and announcements of a sharp slowdown in the Fed's balance sheet unwind. Today I'll discuss the effects of the Fed's statements as well as President Donald Trump's reaction. * The Federal Reserve has signalled it is no rush to cut U.S. interest rates, drawing the ire of President Donald Trump, who demanded in a social media post the central bank "do the right thing".

• Mar 20, 2025

Tariffs may accelerate Canadian lumber industry's southward shift, hunt for new markets

U.S. President Donald Trump's tariff threat could motivate more Canadian lumber producers to shift to the U.S. southern border while accelerating efforts to find new markets, industry experts said. The levies are the latest in a nearly four-decade dispute between the neighbors over softwood lumber, used in construction, furniture and paper production. Levies on Canadian lumber could hit 40% if current duties of 14.54%, and Trump's proposed 25% tariffs are added.

• Mar 20, 2025

Swiss National Bank cuts policy rate further as low inflation persists

Swiss National Bank continued to lower interest rates in March, while highlighting that external geopolitical risks could still be a threat to the Swiss economy and exports.View on euronews

• Mar 20, 2025

Accenture flags federal contract cancellations, delays as US curbs spending

(Reuters) -Consultancy firm Accenture said on Thursday the Trump administration's efforts to reduce federal spending have led to delays and cancellations of new contracts, sending the company's shares down more than 6%. The new U.S. administration and its Department of Government Efficiency (DOGE), led by billionaire Elon Musk, have been implementing measures to slash spending and reduce the size of the federal workforce. Accenture said its federal services unit is facing a slowdown as the U.S. General Services Administration instructed all federal agencies to review their contracts with consulting firms and cancel contracts that are not essential.

• Mar 20, 2025

Shoe Carnival (NASDAQ:SCVL) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops 16%

Footwear retailer Shoe Carnival (NASDAQ:SCVL) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 6.1% year on year to $262.9 million. The company’s full-year revenue guidance of $1.19 billion at the midpoint came in 5.2% below analysts’ estimates. Its GAAP profit of $0.53 per share was 15.2% above analysts’ consensus estimates.

• Mar 20, 2025

Tesla stock: Why this Wall Street analyst still thinks shares of Elon Musk's EV maker could nearly rise 90%

Tesla has at least one Wall Street supporter left.

• Mar 20, 2025

Turkey Markets Stabilize as Focus Shifts to Dollar Demand

(Bloomberg) -- Turkish markets showed signs of stabilizing on Thursday, as authorities took action to offset any spikes in demand for dollars following the shock detention of President Recep Tayyip Erdogan’s main political rival.Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsA Mali

• Mar 20, 2025

Wall St rises in choppy trading, Fed's comments provides tailwind

(Reuters) -U.S. stock indexes recouped some of the early losses on Thursday, as investors digested the Federal Reserve outlook on interest rates amid persistent tariff worries. Traders looked to build on the previous session's gains after a massive sell-off in recent weeks due to the uncertainty tied to President Donald Trump's trade policies. The Fed maintained current interest rates on Wednesday as expected and reaffirmed its forecast for two 25 basis point reductions by the end of year.

• Mar 20, 2025

The Fed — and economy — can still afford to wait patiently amid tariff uncertainty: Morning Brief

Powell takes lessons from the pandemic and the vibecession in waiting for clarity.

• Mar 20, 2025

Luxury at LAX? How Delta is going after the high-end market

Delta Airlines opened a new luxury lounge at Los Angeles International Airport in October, catering to high-end customers who want an elevated travel experience.