• Mar 17, 2025

Chevron buys about 5% of Hess stock, says it is confident of merger

(Reuters) -Chevron bought about 4.99% of Hess Corp's common shares this year, reflecting its confidence in completing the planned acquisition of Hess, the oil giant said in a regulatory filing on Monday. The second-largest U.S. oil producer agreed in October 2023 to buy Hess in an all-stock deal valued at $53 billion to gain a crucial stake in Guyana's oil-rich Stabroek block. U.S. regulators and shareholders have approved the deal, but Exxon Mobil and CNOOC, Hess' partners in Guyana, have challenged it in court.

• Mar 17, 2025

New York State factory activity plunges in March, NY Fed says

The Federal Reserve Bank of New York said its Empire State manufacturing index plunged by nearly 26 points - the largest drop since May 2023 - to a reading of negative 20.0 from positive 5.7 in February. It was the latest survey to paint a picture of a weakening factory sector struggling to adjust to President Donald Trump's roll-out of tariffs on a rapidly widening range of imported goods.

• Mar 17, 2025

Retail sales came in weaker than expected, another bad sign for the US economy

Spending at US retailers last month was much weaker than expected, in a troubling sign that the American shopper could be starting to tap out.

• Mar 17, 2025

Builder confidence drops in March to lowest level in 7 months

Builders are feeling less confident about the housing market as they navigate economic uncertainty, the threat of tariffs, and high housing costs.

• Mar 17, 2025

Affirm Stock Sinks as Klarna Replaces It as Walmart BNPL Partner

Affirm shares are tumbling after rival Klarna, which is preparing to go public in the U.S., said it is now the exclusive provider of Buy Now, Pay Later loans for Walmart.

• Mar 17, 2025

Reddit initiated, Netflix upgraded: Wall Street's top analyst calls

Reddit initiated, Netflix upgraded: Wall Street's top analyst calls

• Mar 17, 2025

Darker Than a Dark Pool? Welcome to Wall Street’s ‘Private Rooms’

(Bloomberg) -- Wall Street’s infamous dark pools are getting even darker.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington, DCA decade after being engulfed by a controversy that culminated in multiple enforcement actions and a regulator clampdown, these off-exchange

• Mar 17, 2025

SAIC Stock Jumps as Govt. Contractor Tops Earnings, Outlook Estimates

Shares of Science Applications International Corp. jumped Monday after the government technology contractor topped estimates for the fourth quarter.

• Mar 17, 2025

North Korea’s hacking group now holds more Bitcoin than these countries

With 13,500 Bitcoin, North Korea’s notorious Lazarus hacking group holds more Bitcoin than Bhutan, El Salvador, and Finland.

• Mar 17, 2025

3 Software Stocks Walking a Fine Line

From commerce to culture, software is digitizing every aspect of our lives. The undeniable tailwinds fueling the industry have also led to strong returns for SaaS stocks lately as they’ve gained 6.2% over the past six months. Investing here would have been wise - at the same time, the S&P 500 was stuck in neutral.