Palantir Technologies led a rally in AI stocks on Friday as markets rebounded after slumping into a correction on Thursday.
What To Expect From The Federal Reserve's Interest Rate Decision on Wednesday
In an economy wracked by uncertainty, one thing seems virtually guaranteed: the Federal Reserve will leave its key interest rate unchanged when the central bank's policy committee meets Tuesday and Wednesday.
Oil Snaps Losing Streak as Markets Rebound, Russia Talks Stall
(Bloomberg) -- Oil snapped a seven-week losing streak as US equity markets rebounded and peace talks between Russia and Ukraine stalled, damping expectations that Moscow’s crude will return to the market soon.Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltICE Eyes Massive California Tent Facility Amid Space ConstraintsThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCWest
Wall Street Rips Up Credit Forecasts as Policy Woes Snowball
(Bloomberg) -- Just a few months into the year and Wall Street credit analysts are ripping up their forecasts and penciling in a new, grimmer outlook after this week’s jolt to the market. Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsHow Britain’s Most Bike-Friendly New Town Got BuiltP
Here’s when AI will launch a decade-long cycle of economic growth and productivity gains
The bank predicts that productivity and GDP gains will start two years from now in 2027 and continue through most of the 2030s.
Rising inflation expectations could put Fed on shallower rate-cut path
That's the betting reflected in financial markets on Friday, as the widely watched University of Michigan survey showed consumer sentiment plunged in March and consumers saw inflation over the next five years running at 3.9%, the highest reading in more than 30 years. Pricing of short-term interest-rate futures still reflects an expectation for a June start to Fed rate cuts, with likelier than not a total of three quarter-point reductions by the end of the year. But the probability of a third rate cut, in December, has eroded as financial markets digest the dueling implications of worsening consumer confidence, which can portend slower growth, and higher inflation expectations, which can portend higher actual inflation.
Oil’s Houston Homecoming Overshadowed by Trade War, Price Drop
(Bloomberg) -- Oil executives gathering in Houston this week learned the hard way that US President Donald Trump’s pro-fossil fuel agenda comes with a catch: lower prices. Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltICE Eyes Massive California Tent Facility Amid Space ConstraintsThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCThe CERAWeek by S&P Global conference in
Trump's Crypto Plan: Which Cryptocurrency Sectors Are Hot -- and Which Are Not
The new year started off with considerable fanfare for the cryptocurrency market. Under President Donald Trump's crypto plan, America was going to become "the crypto capital of the world." The White House even hosted a Crypto Summit on March 7.
In Michigan, Vance says US manufacturing can rebound despite tariff jitters and falling markets
Vice President JD Vance toured a Michigan plastics manufacturing facility on Friday, promoting a promised Trump administration industrial renaissance nationwide even as jitters about rising tariffs and steep drops in consumer confidence and financial markets point to the opposite. Vance was in Bay City, which was known in the 1800s for thriving sawmills and shipbuilding concerns that have long since closed. Speaking at Vantage Plastics, he vowed, “We started a great American comeback," and said the Trump administration will “make it easier and more affordable to make things again in the United States.”
Why Is Revolve (RVLV) Stock Rocketing Higher Today
Shares of online fashion retailer Revolve (NASDAQ:RVLV) jumped 7.8% in the morning session after Jefferies analysts upgraded the stock's rating from Hold to Buy, following a meeting with management. The analysts assigned a price target of $30, which implied a potential 30% upside from where shares traded before the upgrade was announced.