• Mar 03, 2025

Sunnova’s 71% Stock Plunge Heralds US Solar State of ‘Chaos’

(Bloomberg) -- Sunnova Energy International Inc. shares plunged 71% as the company warned there’s substantial doubt it will remain in business. That came less than a week after First Solar Inc., the biggest US solar manufacturer, said it was seeing increasing customer delays. And it was also on the heels of Sunrun Inc., the biggest US residential solar company, saying it expects installation volumes to be flat this year. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD

• Mar 03, 2025

Analysis-New Zealand's economic missteps hasten exodus to sunnier shores

Corey Ngaru and his partner Elian Lellimo left recession-hit New Zealand for the sunshine of Australia's Gold Coast just a week ago, bidding a teary farewell to family and friends as they seek better jobs and pay elsewhere. "There's a bunch more options, more opportunities," said Ngaru, who estimates he will be able to earn three times more working as a builder on the Gold Coast as he would in New Zealand. Ngaru and Lellimo, who is originally from Argentina, follow 128,700 people, who permanently left the Pacific nation of 5.3 million in 2024, provisionally the largest exodus on record.

• Mar 03, 2025

Wall Street is agonizing over the triple threat that could bash through the U.S. economy

Tariff fears and soft economic data have traders debating whether a recession is on the horizon.

• Mar 03, 2025

Trump wants a strategic cryptocurrency reserve. Crypto experts aren't a fan. Here's why

President Donald Trump has announced plans to create a strategic crypto reserve, shifting gears from his earlier promise to stockpile Bitcoin. Trump’s cryptocurrency reserve will consist of Bitcoin, often referred to as “digital gold” for its ability to hedge against inflation, along with Ether, the second-largest cryptocurrency by market cap, XRP, Solana, and Cardano.

• Mar 03, 2025

AbbVie Joins Obesity Treatment Market With Up to $2.2B Licensing Deal

Drugmaker AbbVie has agreed to license a weight-loss drug currently in development from Gubra for up to about $2.2 billion, marking its entry into the obesity treatment market.

• Mar 03, 2025

Fed's Musalem watching growth risks and rising inflation expectations as he urges 'patient approach' to rates

St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.

• Mar 03, 2025

OPEC+ to proceed with planned April oil output hike

LONDON (Reuters) -OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices. The increase is the first since 2022 from OPEC+, which includes the Organization of the Petroleum Exporting Countries, plus Russia and other allies. Oil was trading 2% lower towards $71 a barrel at 1900 GMT.

• Mar 03, 2025

Wedbush Calls Palantir a Top Stock to Own in 2025

Wedbush analysts called Palantir one of their "top names" to own in 2025, expecting the stock to benefit from a "tidal wave of spending on AI."

• Mar 03, 2025

Trump’s tariff tactics carry higher economic risks than during his first term

When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. The trade war sequel that Trump has introduced in his second term is likely to be a different matter altogether. Trump appears to have grander ambitions and is operating in a far more treacherous economic environment this time.

• Mar 03, 2025

Bitcoin dips below $90,000 on Trump's news of $100 billion chip plant investment

“The U.S. president is now the driving force for crypto market movements,” one expert said.