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  • Mar 06, 2025

Fed's Waller, leaning against March cut, sees easings later in year

NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he leans strongly against a rate cut at the Fed's upcoming policy meeting this month, although he reckons cuts later in the year remain on track if inflation pressures continue to abate. In discounting an easing at March 18-19 Federal Open Market Committee, Waller indicated he simply will not have the inflation data in hand to know whether cutting what’s now a 4.25% to 4.5% federal funds rate range is justified, especially amid the heavy uncertainty created by President Donald Trump’s trade agenda.

  • Mar 06, 2025

Oil Crawls Back on Tariff Delays, Fresh Sanction Prospects

(Bloomberg) -- Oil eked out a marginal gain after a session of whipsawing as US President Donald Trump’s moved to delay tariffs on imports from Canada and Mexico. Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowWest Texas Interme

  • Mar 06, 2025

Why Tesla (TSLA) Stock Is Down Today

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 6.4% in the afternoon session as markets tumbled after holding steady the previous day, while concerns over the ongoing trade war continued to spread.

  • Mar 06, 2025

Venezuela to Reinvest Debt Owed to Chevron in Local Oil Industry

(Bloomberg) -- Venezuela will reinvest the debt it owes to Chevron Corp. after US President Donald Trump gave the oil giant one month to stop producing oil in the South American nation.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NJ College to Merge With State School After Financial StressHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year

  • Mar 06, 2025

Wall Street sells off as tariff concerns mount, Nasdaq confirms correction

NEW YORK (Reuters) -Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump's trade policy may have on companies and the broader economy, while Marvell Technology's revenue forecast sparked concerns about spending on artificial intelligence infrastructure. The Nasdaq Composite ended down 10.4% from its record high close on December 16, confirming the tech-heavy index has been in a correction since peaking several months ago. Below are investor comments about the selloff, which also saw the S&P 500 dip below its 200-day moving average for the first time since November 1, 2023.

  • Mar 06, 2025

Junk Bonds Are Set to Outperform ‘Riskier’ Stocks, Fridson Says

(Bloomberg) -- Junk-debt returns will fall short of lofty expectations, but they’ll likely do better than stocks for the first time since the global financial crisis, according to high-yield guru Marty Fridson.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NJ College to Merge With State School After Financial StressHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With

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