News
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Goldman sachs cuts S&P 500 2025 year-end target to 6200
March 12 (Reuters) - Goldman Sachs has trimmed its 2025 year-end target for the S&P 500 Index .SPX to 6,200 from 6,500 in a note dated March 11, citing policy uncertainty largely related to tariffs and concerns about the economic growth outlook.Reuters
Wed, Mar 12
SEC delays approval of XRP, SOL, LTC, ADA, and DOGE ETFs
The SEC has delayed its decision on crypto spot ETFs, pushing back approvals for VanEck Spot Solana ETF, Canary Spot Litecoin ETF, Canary Spot Solana ETF, Canary Spot XRP ETF, Grayscale Spot XRP ETF, and Grayscale Spot Dogecoin ETF, according to court filings on Tuesday.
US to resume security support to Ukraine as Kyiv says it is ready to accept ceasefire proposal
JEDDAH, March 11 (Reuters) - The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after Kyiv said it was ready to support Washington's proposal for a 30-day ceasefire with Russia, the countries said in a joint statement.Reuters
Wed, Mar 12
Soybeans face headwinds from large Brazilian supply, wheat rises
SINGAPORE, March 12 (Reuters) - Chicago soybean futures were largely unchanged on Wednesday, holding near last session's one-week low, with abundant South American supplies and uncertainty over the impact of a trade war on U.S. agricultural sales keeping a lid on the market.Reuters
Wed, Mar 12
US Education Department to cut half its staff as Trump eyes its elimination
Department offices ordered shut down until ThursdayAgencies cut workers using lump-sum payments, early retirementThursday is deadline to submit plans for large-scale layoffs Workers would receive buyout payment of up to $25,000By Timothy Gardner, Tim Reid, Alexandra Alper and Marisa Taylor WASHIN...Reuters
Wed, Mar 12
PRECIOUS-Gold eases on potential Ukraine-Russia ceasefire, inflation data eyed
March 12 (Reuters) - Gold eased on Wednesday on a possible ceasefire deal in Ukraine, while investors braced for a key U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and economic slowdown fears.FUNDAMENTALS* Spot gold XAU= was down 0.1%...
Reuters
Wed, Mar 12
Analyst Says Bitcoin RSI Dominance Needs To Crash To This Level For The Bull Run To Resume
Bitcoin has maintained its dominance on the altcoin market even amidst the ongoing price corrections. The leading cryptocurrency has been in the spotlight throughout this market cycle, but a technical outlook suggests that it needs to give way. Particularly, a crypto analyst known as Seth on social
NewsBTC
Wed, Mar 12
Trump says violence against Tesla is domestic terrorism
WASHINGTON, March 11 (Reuters) - Violence against Tesla dealerships will be labeled domestic terrorism and perpetrators will "go through hell," U.S. President Donald Trump said on Tuesday in a show of support for the electric carmaker's chief, his ally Elon Musk.Reuters
Wed, Mar 12
Trump defends tariffs before corporate America as stocks sell off
WASHINGTON, March 11 (Reuters) - U.S. President Donald Trump defended his use of tariffs and said they could multiply as he met on Tuesday with the CEOs of America's biggest companies, many of whom have watched their market value crater over recession and inflation fears.Reuters
Wed, Mar 12
China leads increased EV purchases as EU tariffs start to hit
March 12 (Reuters) - China in February again led purchases of electric vehicles, which increased worldwide versus a year ago, even as European Union tariffs on China-made EVs reduced sales of some brands, research firm Rho Motion said on Wednesday.Reuters
Wed, Mar 12
Ukraine agrees to 30-day ceasefire if Russia accepts
Ukrainian President Volodymyr Zelensky said late Tuesday that Ukraine agreed to a 30-day ceasefire proposed by the United States if Russia accepts the plan, following critical peace talks between US and Ukrainian officials in Saudi Arabia, per CNN.Fxstreet
Wed, Mar 12
US-Canada trade war heats up as Trump doubles metals tariffs, then backs off
WASHINGTON/OTTAWA, March 11 (Reuters) - President Donald Trump reversed course on Tuesday afternoon on a pledge to double tariffs on steel and aluminum from Canada to 50%, just hours after announcing the higher tariffs, in rapid-fire moves that scrambled financial markets. The switch came after a CaReuters
Wed, Mar 12
Oil settles slightly up on weaker dollar, US economic fears cap gains
Benchmarks rise 0.3-0.4% after falling 1.5% in previous sessionDollar index hits four-month lowConcerns over U.S. recession and tariffs limit crude gainsAPI data shows US crude stockpiles rise, sources sayBy Stephanie Kelly and Arunima Kumar NEW YORK, March 11 (Reuters) - Oil prices settled sligh...Reuters
Tue, Mar 11
METALS-Copper rises on weaker dollar, US physical aluminium premium soars to record
Trump's planned tariffs on aluminium from Canada rise to 50%US physical aluminium premiums soar to record highPremium of Comex copper against LME contract widens againUS copper imports to surge in coming months, Goldman Sachs saysBy Polina Devitt LONDON, March 11 (Reuters) - Copper prices ros...Reuters
Tue, Mar 11
Houlihan Lokey rises after Wells Fargo upgrades to 'overweight'
Shares of investment bank Houlihan Lokey HLI.N rise as much as 3.8%; last up 2.3% at $157.96 in afternoon trade. Wells Fargo Securities upgrades HLI to "overweight" from "underweight", according to data compiled by LSEG** Stock outperforms rival U.S. investment banks.
Reuters
Tue, Mar 11
CORRECTED-Central Europe's economies should reform to respond to slowing trade growth, IMF says
Central Europe's economies heavily depend on tradeSlowing global trade poses risks to the region, IMF saysReforms to boost productivity, removing EU trade barriers could helpBy Gergely Szakacs BUDAPEST, March 11 (Reuters) - Central Europe's export-dependent economies face risks from slowi...Reuters
Tue, Mar 11
AT&T falls after co records elevated churn in January
** Shares of telecom company AT&T T.N fall 3.7% to $26.3** Company recorded elevated churn in January, says CFO Pascal Desroches at industry conference** Desroches adds he does not expect the industry to grow as much in 2025 as it did in 2024** As of previous close, T stock up ~20% YTD...
Reuters
Tue, Mar 11
