It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines. * U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. * Top U.S. Senate Democrat Chuck Schumer on Thursday said he would vote to advance a Republican stopgap funding bill, signaling that his party would provide the votes to avert a government shutdown.
Gold's Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse
Gold rallies on strong ETF inflows, geopolitical uncertainty, and market volatility.
WideOpenWest (NYSE:WOW) Misses Q4 Revenue Estimates, But Stock Soars 9.4%
Broadband and telecommunications services provider WideOpenWest (NYSE:WOW) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.6% year on year to $152.6 million. On the other hand, the company expects next quarter’s revenue to be around $148 million, close to analysts’ estimates. Its GAAP loss of $0.13 per share was 14.5% above analysts’ consensus estimates.
European markets bounce back despite renewed Trump tariff threats
US president Donald Trump has kicked trading tensions up a notch by threatening tariffs on EU alcohol, even as ECB president Lagarde warns that an escalating trade war could have severe global consequences.View on euronews
BlackRock’s Rieder Snaps Up European Stocks on Spending Jump
(Bloomberg) -- BlackRock Inc.’s Rick Rieder is investing more in European equities as he expects the region’s industries to benefit from an increase in fiscal spending.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 ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureThe portfoli
Dollar General says it closed almost 100 stores in the fourth quarter but its sales actually went up—and Wall Street is loving it
CEO Todd Vasos said the company is well-positioned to weather the impacts of tariffs.
Tesla is getting pummeled in the stock market, but Elon Musk’s other companies are having a field day in the secondary market—especially xAI
The cumulative value of SpaceX, Neuralink, the Boring Company, and xAI has shot up 45% since last November.
Fed Expected to Cut Rates Twice This Year, Starting in September
(Bloomberg) -- The Federal Reserve will keep interest rates steady through the first half of the year, before delivering two reductions beginning in September, according to economists surveyed by Bloomberg News. 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 ReformsProspect Medical’s Pennsylva
Retail, crypto groups converge to back stablecoin legislation
The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.
US equity funds draw inflows on signs of cooling inflation
U.S. equity funds attracted inflows for the week ending March 12 as some investors were buoyed by a weaker CPI reading, while worries persisted over the economic impact of President Donald Trump's trade policies. U.S. equity funds saw net purchases of $4.67 billion during the week, although the strong inflows from February, which totaled about $9 billion, have tapered off with a combined outflow of $4.81 billion in the first two weeks of March. "We recommend investors embrace diversification and stay invested despite ongoing volatility ...