• Mar 19, 2025

Markets are looking to the Fed for guidance on the economy — but the central bank may not be in charge anymore

Economists expect Fed Chair Jerome Powell to hold off on cutting rates this round due to macroeconomic uncertainties.

• Mar 19, 2025

US crude oil imports fell to two-year low last week, EIA data shows

U.S. commercial crude oil imports fell last week by 85,000 barrels per day (bpd) to 5.4 million bpd, the lowest since March 2023, data from the U.S. Energy Information Administration showed on Wednesday. U.S. crude oil imports from top supplier Canada also fell last week to a two year low of 3.1 million bpd, down 541,000 bpd week-over-week, the data showed.

• Mar 19, 2025

Trump and Putin teased ‘enormous economic deals’ in their call—but U.S. companies will experience a very different Russia if they return

Russia has a new business elite and radically altered marketplace—and it’s done away with key legal protections.

• Mar 19, 2025

Investors Look for Fed’s Take on Growth After US Bond Rally

(Bloomberg) -- Bond investors will look for Federal Reserve Chair Jerome Powell’s Wednesday remarks to keep up the momentum behind a rally in the $29 trillion Treasury market.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesUS government debt ha

• Mar 19, 2025

Fed Needs to Raise Threat of ‘Bad News’ Rate Cuts, El-Erian Says

(Bloomberg) -- The Federal Reserve needs to make it clear at its policy meeting this week that it may have to cut rates if there are continuing signs that the economy is slowing, according to Mohamed El-Erian.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackThe Scary Thing About the Wildfire That Was StoppedNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fi

• Mar 19, 2025

What Will The Economy Look Like With Half As Much Immigration?

President Donald Trump's crackdown on the border has cut immigration to half its pre-pandemic rate, according to a new analysis.

• Mar 19, 2025

Etsy grants new CFO inducement stock award

The approved inducement grant comes as Etsy targets a stickier app experience as part of a strategy to reverse an ongoing trend of declining sales.

• Mar 19, 2025

Oil Producer APA Cuts Up to 15% of Workers

(Bloomberg) -- APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackThe Scary Thing About the Wildfire That Was StoppedNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesThe company formerly known as Apache made the reductions in Jan

• Mar 19, 2025

Ripple Labs says US SEC ends appeal over crypto oversight

NEW YORK (Reuters) -Ripple Labs said on Wednesday the U.S. Securities and Exchange Commission ended its appeal from a court ruling that the regulator's prior chief had said would make it harder to oversee cryptocurrency markets. The SEC had been appealing a July 2023 decision by U.S. District Judge Analisa Torres in Manhattan that the XRP token sold by Ripple on public exchanges did not meet the legal definition of a security. Torres also gave the SEC a partial victory against Ripple, saying $728 million of XRP sales to institutional investors should have complied with securities laws.

• Mar 19, 2025

Fed holds main rate steady, forecasts higher inflation, slower growth

“Growth looks like it's maybe moderating a bit, consumer spending moderating a bit, but still at a solid pace,” Fed Chair Jerome Powell said during a press conference.