• Mar 10, 2025

‘Arms Race’ for AI-Driven Oil Trading Is Underway, Vitol Says

(Bloomberg) -- The expansion of artificial intelligence capabilities will augment the already significant algorithmic trading in oil futures markets, Vitol Group Chief Executive Officer Russell Hardy said.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architect

• Mar 10, 2025

With the stock cut in half, Tesla investors want their CEO back

"It's become clear he's now spending more time on DOGE than anything else," said one analyst of Elon Musk.

• Mar 10, 2025

U.S. SEC's Acting Chair Walking Back Agency Proposal on Crypto Trading Platforms

The securities regulator's long-delayed rule expanding the scope of regulated exchanges shouldn't have tried to include crypto, Mark Uyeda argues.

• Mar 10, 2025

US stock market loses $4 trillion in value as Trump plows ahead on tariffs

NEW YORK (Reuters) -President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda. A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China. "We've seen clearly a big sentiment shift," said Ayako Yoshioka, senior investment strategist at Wealth Enhancement.

• Mar 10, 2025

The Magnificent Seven Stocks Just Had Their Worst Day Since July

The Magnificent Seven stocks on Monday had their worst session of the year as equities sold off amid rising recession risks.

• Mar 10, 2025

Bitcoin Short-Term Futures Slip Into Discount on Deribit in Sign of Weak Demand

Futures expiring on Friday have slipped into a discount, reflecting demand weakness.

• Mar 10, 2025

AppLovin (APP) Stock Trades Down, Here Is Why

Shares of mobile app advertising platform AppLovin (NASDAQ: APP) fell 11% in the morning session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. Over the weekend, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors. The sell-off was particularly pronounced in the tech sector, with the Nasdaq falling

• Mar 10, 2025

Goldman Sachs slashes US economic forecasts as tariff impacts grow 'considerably more adverse'

Goldman Sachs is the latest economic forecasting team to downgrade its outlook as Trump's tariffs are expected to weigh on growth and boost inflation.

• Mar 10, 2025

Why Is Beacon Roofing Supply (BECN) Stock Soaring Today

Shares of roofing materials distributor Beacon Roofing Supply (NASDAQ:BECN) jumped 8.7% in the pre-market session after the company announced talks with QXO regarding a potential acquisition. According to the press release, QXO's offer would value BECN at $124.35 per share in cash, or approximately $11 billion.

• Mar 10, 2025

Why Tesla (TSLA) Stock Is Nosediving

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 10.4% in the afternoon session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. Over the weekend, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors. The sell-off was particularly pronounced in the tech sector, with the Nasdaq falling 3% in