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  • Apr 14, 2025

As economy stalls, Germany struggles to get consumers spending

With global trade deeply uncertain and a tariff war causing havoc on financial markets, Germany's next government is hoping to unleash domestic consumption to revive stalled growth in an economy that has been driven for decades by exports. Conservative chancellor-in-waiting Friedrich Merz, in a newly forged coalition with the centre left Social Democrats (SPD), has announced policies such as tax cuts and raising the minimum wage. He hopes these measures will increase purchasing power and support domestic demand.

  • Apr 14, 2025

Strategy Bought More Bitcoin During Volatile Week on Wall Street

(Bloomberg) -- Michael Saylor’s Strategy took advantage of the large price swings in the company’s common shares last week to purchase $285.8 million more of Bitcoin. Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemHow Did This Suburb Figure Out Mass Transit?Lisbon Mayor Wants Companies to Help Fix City’s Housing ShortageWhile the stock fluctuated from losses of as much as 11% to gains of a

  • Apr 14, 2025

OPEC cuts global oil demand growth forecasts, citing US tariffs

LONDON (Reuters) -OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the United States. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand would rise by 1.30 million barrels per day in 2025 and by 1.28 million bpd in 2026. Both forecasts are down 150,000 bpd from last month's figures.

  • Apr 14, 2025

Goldman Sachs exceeds profit estimates as traders cash in on volatile markets

(Reuters) -Goldman Sachs surpassed first-quarter profit estimates, fueled by stock traders who capitalized on volatile markets to bring in record equities revenue, but the bank's CEO warned of a difficult environment ahead. The Wall Street bank joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits, but investors are more focused on future projections as tariffs increase inflation and recession risks. "While we are entering the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue to support our clients," said CEO David Solomon, who noted the "great uncertainty" that hung over markets in the first quarter.

  • Apr 14, 2025

Morning Bid: Easter rising? Markets seek solace

Even though a late stock market rally on Wall Street on Friday has been extended in futures prices into a new holiday-shortened week, flip-flopping of U.S. trade policy announcements over the past two days doesn't bode well for corporate and household planning - or indeed market stability. Another big focus of the week will be central bank meetings in Canada and in the euro zone, with both the European Central Bank and the Bank of Canada expected to lower interest rates by a quarter point each. Today, we look at the ECB's decision in detail and how it will view the sharp appreciation of the euro in its deliberations.

  • Apr 14, 2025

KKR signs $3.1 billion deal to buy OSTTRA from S&P Global, CME Group

KKR will buy a joint venture of S&P Global and CME Group in a $3.1 billion deal, in the U.S. private equity firm's second acquisition in less than a week despite a tariff whiplash slowing the pace of dealmaking activity. The proceeds from the deal to sell London-based OSTTRA — which provides post-trade services for global over-the-counter markets across interest rate, foreign exchange, equity and credit asset classes — will be divided evenly between financial data provider S&P Global and derivatives marketplace CME, the companies said on Monday.

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