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Why Meta Platforms Stock Is Sinking Today
Meta Platforms (NASDAQ: META) stock is getting hit with substantial sell-offs in Thursday's trading. The company's share price was down 4.3% as of 2:30 p.m. ET.At the same point in the day's trading, the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down 1.2% and 1.7%,...The Motley Fool
Thu, Mar 13
Other
US agencies face Thursday deadline to submit mass layoff plans
U.S. agencies must submit plans for mass layoffs by ThursdayPlans must include 'significant reduction' of full-time staff, as well as cuts to real estate and budgetJudge orders reinstatement of probationary staff at six agenciesBy Nathan Layne, Alexandra Alper and Daniel Wiessner March 13...Reuters
Thu, Mar 13
Other
Trump asks US Supreme Court to intervene in his bid to curb birthright citizenship
Trump signed birthright citizenship order on January 20Policy is part of Trump's hardline immigration stancePlaintiffs say order violates constitutional provisionBy Andrew Chung, John Kruzel WASHINGTON, March 13 (Reuters) - Donald Trump took the fight over his attempt to restrict automati...Reuters
Thu, Mar 13
Commodities
US approves expansion of Montana coal mine
March 13 (Reuters) - The Trump administration approved a plan to expand a Montana coal mine and extend its life by 16 years, the Interior Department said in a statement on Thursday.The Spring Creek Mine in Big Horn County is operated by the Navajo Transitional Energy Company.Reuters
Thu, Mar 13
Other
Drugmakers Mallinckrodt and Endo get a bump from tariffs in $6.7 billion merger
Combined firm expected to post $3.6 billion in 2025 revenueMallinckrodt CEO Siggi Olafsson to lead combined companyNew company to list on NYSE, focus on branded drugsBy Sabrina Valle March 13 (Reuters) - Mallinckrodt MCKPF.PK and Endo NDOI.PK, drugmakers which recently emerged from bankruptcy...Reuters
Thu, Mar 13
Commodities
CBOT wheat rises on increased buying interest
CHICAGO, March 13 (Reuters) - Chicago Board of Trade soft red winter wheat futures rose on Thursday after Russia's IKAR cut its wheat export forecasts, sparking buying interest in U.S. wheat futures.CBOT May soft red winter wheat WK25 settled up 8-1/2 cents at $5.62-1/2 a bushel.K.C. May hard re...Reuters
Thu, Mar 13
Stocks
Positive culture, inclusive environment key to sustainable earnings, says Jefferies
** Analysts at Jefferies say investors will favour companies that offer limited risk in terms of employee safety and health among Australian developers and contractors pursuing ESG metrics** Brokerage says fostering a positive culture and creating a supportive, inclusive environment a key driver of ...Reuters
Thu, Mar 13
Stocks
Montauk Renewables falls after reporting lower full-year profit
** Shares of clean energy company Montauk Renewables MNTK.O fall 11.6% to $2.52** Company reports full-year net income of $9.70 million, down 34.8% from a year ago** MNTK posts 2024 adjusted core profit of $42.6 million, vs est. of $61.84 million, according to data compiled by LSEG** "We think M...Reuters
Thu, Mar 13
Commodities
Trump, New York governor may discuss Constitution gas pipeline
WASHINGTON, March 13 (Reuters) - Donald Trump will meet New York Governor Kathy Hochul on Friday morning, the U.S. president said, for talks that may include potentially reviving the Constitution natural gas pipeline in the Northeast.The pipeline would bring gas from Pennsylvania's drilling ...Reuters
Thu, Mar 13
Stocks
Tesla warns Trump administration it is 'exposed' to retaliatory tariffs, FT reports
March 13 (Reuters) - Elon Musk's Tesla TSLA.O has warned that President Donald Trump's trade war could make it a target for retaliatory tariffs against the U.S. and increase the cost of making vehicles in America, the Financial Times reported on Thursday.Reuters
Thu, Mar 13
Other
Chubb’s Greenberg: Market to stay 'reasonably disciplined' amid elevated loss-cost inflation
By Michael LoneyMarch 13 - (The Insurer) - Evan Greenberg believes the insurance market will stay disciplined despite increasing competition, while the Chubb chairman and CEO has also suggested changing accounting rules to encourage the building of long-term reserves for more severe catastrophe even...Reuters
Thu, Mar 13
Other
FDA warns of scramble for work and parking space in Monday return to office
FDA says to expect crowds, long waits to clear enhanced securityStaff in buildings sold off can continue remote work for short termPlans for coming layoffs being made by the Dept of Health and Human ServicesBy Patrick Wingrove March 13 (Reuters) - The U.S. Food and Drug Administration told staff...Reuters
Thu, Mar 13
Commodities
CBOT corn gains on lower Argentine harvest outlook
CHICAGO, March 13 (Reuters) - Chicago Board of Trade corn futures turned higher on Thursday, after lower estimates for Argentina's corn crop and a weak dollar boosted prices.CBOT May corn CK25 settled up 4-1/2 cents to $4.65-1/4 a bushel.Argentina's Rosario Grains Exchange lowered its outloo...Reuters
Thu, Mar 13
Other
Tesla Warns Trump Administration It Is 'Exposed' To Retaliatory Tariffs- FT
March 13 (Reuters) - TESLA WARNS TRUMP ADMINISTRATION IT IS 'EXPOSED' TO RETALIATORY TARIFFS- FTTESLA SAYS LEVIES COULD MAKE IT COSTLIER TO PRODUCE VEHICLES IN THE US - FTSource text: https://tinyurl.com/3mb8pf6jReuters
Thu, Mar 13
Stocks
Why Groupon Stock Exploded Higher This Week
Since last Friday, shares of the e-commerce company Groupon (NASDAQ: GRPN) have blasted 37% higher as of 2:42 p.m. ET Thursday. The company reported better-than-expected earnings and showed meaningful progress in its turnaround plan.A solid earnings beat and guidanceGroupon reported a fourth-quarter...The Motley Fool
Thu, Mar 13
Other
Trump choice for Mexico ambassador hints at military action if US citizens at risk
By Patricia Zengerle and Emily Green WASHINGTON/MEXICO CITY, March 13 (Reuters) - President Donald Trump's nominee for U.S. ambassador to Mexico on Thursday did not rule out unilateral U.S. military action in Mexico if U.S. citizens were in danger, bringing to the fore simmering tensions betw...Reuters
Thu, Mar 13
Commodities
GRAINS-Chicago grains, soy rebound on demand uptick, weak dollar
Corn and soy edge up on declining Argentine crop estimatesWheat supported by weak dollar, Russian export quotasBy Heather Schlitz CHICAGO, March 13 (Reuters) - Chicago Board of Trade corn and soybean futures turned higher on Thursday, after private estimates for Argentina's corn and soy crops...Reuters
Thu, Mar 13
Other
Ukraine's Zelenskiy says Putin does not want ceasefire
KYIV, March 13 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Thursday that Russia's Vladimir Putin is preparing a rejection of a ceasefire proposal, but is scared to say this directly to U.S. President Donald Trump.Zelenskiy, speaking in his evening address, said Russia is setting ...Reuters
Thu, Mar 13
