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  • Mar 19, 2025

U.S. stocks rise, dollar strengthens as strong data counters central banks' caution

NEW YORK (Reuters) -U.S. stocks extended their rally and the dollar strengthened as solid data helped investors look past notes of caution from world central bank leaders regarding mounting economic uncertainties and U.S. President Donald Trump's erratic tariff policies. U.S. data showed jobless claims holding steady and an unexpected increase in existing home sales, which helped calm fears that the economy is softening, despite the U.S. Federal Reserve's lowered economic projections released on Wednesday. Straight on the heels of the Fed's decision to hold rates steady, the Bank of England (BoE) followed suit, holding its key interest rate steady while cautioning against assumptions it would cut rates in the near future as it grapples with economic uncertainties.

  • Mar 19, 2025

Trump says Fed would be better off cutting rates as tariffs 'transition' into economy

U.S. President Donald Trump on Wednesday said the Federal Reserve would be better off cutting rates "as U.S. tariffs start to transition (ease! their way into the economy", on the day the central bank kept rates unchanged. The Trump administration's initial policies, including extensive import tariffs, appear to have tilted the U.S. economy towards slower growth and at least temporarily higher inflation, Federal Reserve Chair Jerome Powell said earlier.

  • Mar 19, 2025

Dollar steady as Fed's rate cut view calms market nerves

SINGAPORE (Reuters) -The dollar steadied near five-month lows on Thursday after the Federal Reserve indicated rate cuts were likely later this year despite uncertainties around U.S. tariffs, while the pound hit a four-month high ahead of the Bank of England's policy decision. U.S. policymakers projected two quarter-point interest rate cuts were likely later this year, the same median forecast as three months ago, even as they expect slower economic growth and higher inflation. On Wednesday, the Fed held its benchmark overnight rate steady in the 4.25%-4.50% range.

  • Mar 19, 2025

Greenpeace to Pay $660 Million in Damages to Texas Oil Firm

(Bloomberg) -- Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil pipeline almost a decade ago.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood

  • Mar 19, 2025

Oil Executives Talk Permitting But Not Prices in Trump Meeting

(Bloomberg) -- Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with President Donald Trump on Wednesday, Interior Secretary Doug Burgum said. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood Protection Without Federal FundsThe Scary Thing Abou

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