Wall Street expected to have something of a friend in Donald Trump, yet the President's indifference to market volatility is analysts' true cause for concern, said Mike Wilson.
(Bloomberg) -- Tullow Oil Plc will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Car-FreeThe company has been chipping aw
Shares of Smithfield Foods rose in premarket trading Tuesday after the pork giant reported its first quarterly results since its initial public offering.
Food flavoring company McCormick (NYSE:MKC) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $1.61 billion. Its non-GAAP profit of $0.60 per share was 6.8% below analysts’ consensus estimates.
U.S. consumers have been curbing their spending in response to high prices and a worsening economic outlook, according to consumer finance company Synchrony Financial. Americans have been accumulating more debt amid strain in their finances, with delinquencies edging up for auto loans, credit cards and home credit lines, the Federal Reserve said last month. Philadelphia Federal Reserve President Patrick Harker has also warned that trouble may be brewing for the U.S. economy, which is showing signs of stress in the consumer sector with consumer confidence also waning.
(Reuters) -Wall Street stocks ended higher on Tuesday, with Apple rising and Nvidia dipping as investors assessed consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week. U.S. President Donald Trump said on Monday that automobile tariffs were coming soon, while suggesting that not all proposed tariffs would be enforced in an April 2 announcement on which Wall Street is focused. "I don't expect that we'll get the clarity that the market is hoping for, but investors are desperate for any sort of clarity on this front, and to the extent they'll get some of it, it's a huge day," said Ross Mayfield, an investment strategist at Baird.
This move aims to enable real-time verification of funds by regulators and auditors.
As Starlink nears regulatory approval in India for satellite broadband services, analysts say a victory there could pave a road into more emerging markets and boost the company's ambitions to add a million subscribers every year. SpaceX also argues that U.S. regulations put it at a disadvantage against foreign rivals. But a foothold in India would be a potential $25 billion boon for Starlink, helping it reshape that country's satellite broadband industry and making an attractive case to other developing markets, experts say.
Recent economic projections from Federal Reserve officials had shades of "Stagflation-lite," in the words of one economist, a sentiment increasingly echoed among other observers of the U.S. economy and central bank wondering if the country's outperformance during the pandemic is about to slide. So what is stagflation and why is it suddenly on everyone's mind? Stagflation, or a period of both high inflation and high joblessness, hit the U.S. notably in the 1970s, which may have featured the worst U.S. economic leadership since the Great Depression.
Money market account interest rates today are still well above historical norms. Find out where to get the best money market account rates now.
