Fracker Liberty’s Profit Falls to 3-Year Low as Oil Slumps
(Bloomberg) -- Shale fracker Liberty Energy Inc. posted its worst earnings in three years amid plunging oil prices and mounting concerns about energy demand.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformAdjusted first-quarter profit fell to 4
Lombard Finance Launches Toolkit to Unlock Bitcoin’s $154B DeFi Opportunity
Major exchanges Binance and Bybit have already integrated the SDK, which routes staked BTC into Lombard’s DeFi Vault.
Trump amps up feud with Fed over rates, accuses Powell of 'playing politics'
(Reuters) -U.S. President Donald Trump on Thursday launched a series of attacks against Federal Reserve Chair Jerome Powell, accusing the central bank chief of "playing politics" by not cutting interest rates, asserting he had the power to evict Powell from his job "real fast," and looking forward to the day when Powell was gone. Powell's termination as Fed chair "cannot come fast enough", the president said in morning comments posted to social media. Trump's post also said the Fed should be cutting interest rates and called a recent Powell speech about the economy a "complete mess."
Turkish central bank surprises with rate hike to 46% after market turmoil
ISTANBUL (Reuters) -Turkey's central bank hiked its key interest rate by 350 basis points to 46% on Thursday, in a surprise move that reversed an easing cycle and boosted Turkish assets following market turmoil triggered by the arrest of Istanbul's mayor last month. The policy pivot - just four months after rate cuts had begun - aimed to ease weeks of pressure on the lira that forced the central bank to tap its foreign currency reserves, and to push back on rising inflation expectations, analysts said. Last month, the lira briefly hit a record low of 42 to the U.S. dollar and stocks and bonds plunged after the detention of Istanbul Mayor Ekrem Imamoglu, pushing the central bank to take several steps to ease the market fallout.
Fed Chair Powell warns of tariff turmoil as big company stocks struggle
The economy now faces "heightened downside risks," says Powell.
ManpowerGroup’s (NYSE:MAN) Q1: Beats On Revenue But Stock Drops
Workforce solutions provider ManpowerGroup (NYSE:MAN) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales fell by 7.1% year on year to $4.09 billion. Its GAAP profit of $0.12 per share was 76.4% below analysts’ consensus estimates.
Netflix stock has been nearly unscathed by Trump tariffs. Some think it could be Silicon Valley’s version of Johnson & Johnson
As recession fears mount on Wall Street, management is still reportedly setting ambitious long-term goals.
Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll
An aggressive U.S. tariff policy will trigger a significant slowdown in the U.S. economy this year and next, with the median probability of recession in the next 12 months approaching 50%, according to economists polled by Reuters. A sudden 90-day pause in reciprocal tariffs on trading partners imposed by President Donald Trump hasn't done much to improve the U.S. outlook given a trade war with its biggest trading partner, China, is escalating and damaging business sentiment. Most forecasters, like U.S. consumers in recent months, have significantly raised their inflation expectations.
Bitcoin, Gold, and the Minsky Moment: Novogratz on the End of Fiscal Complacency
Galaxy Digital CEO warns U.S. market is starting to behave like an emerging economy amid rising rates and soaring debt.