News
Important Only
Commodities
US senators to urge USDA to reinstate canceled local food programs
Senators say in letter cancellations would harm farmersCanceled programs have spent $2 billion on local food buying for schools, food banksAgriculture secretary has called programs 'nonessential'By Leah Douglas March 13 (Reuters) - Democrats in the U.S. Senate will ask the Department of A...Reuters
Thu, Mar 13
Other
Morgan Stanley Research sees slowdown in M&A activity in the first half of 2025 amid volatility
March 13 (Reuters) - Investment banking is expected to experience a slowdown in the first half of 2025 as market volatility creates uncertainty for CEOs, boards and sponsors planning to negotiate and launch deals, Morgan Stanley Research said in a note on Thursday. We now expect capital markets act...Reuters
Thu, Mar 13
Other
White House instructs agencies to avoid firing cybersecurity staff, email says
Cybersecurity layoffs could harm U.S. national security, experts warnFormer NSA official warns of "devastating" impact on cybersecurityDOGE's access to sensitive data raises security concernsBy Alexandra Alper WASHINGTON, March 13 (Reuters) - The White House is urging federal agencies...Reuters
Thu, Mar 13
Stocks
Moelis falls after Morgan Stanley downgrades to 'underweight' from 'overweight'
** Investment bank Moelis' MC.N shares fall 3.5% to $57.98** Morgan Stanley double downgrades MC to "underweight" from "overweight"; cuts PT to $70 from $100, a 16.5% upside to stock's last close** Brokerage views MC as a way to play the bull in case of a capital markets rebo...Reuters
Thu, Mar 13
Stocks
US Treasury sells $22B 30-Year Treasuries at higher-than-expected yield
Investing.com -- The U.S. government sold $22 billion of 30-year notes on Thursday at a higher-than-expected yield as internal demand cooled.The notes were awarded at 4.623%, above the pre-sale, or wInvesting.com
Thu, Mar 13
Stocks
Marc Benioff on Salesforce's AI Revolution and the Future of Digital Workers
In this exclusive Motley Fool interview, Salesforce (NYSE: CRM) CEO Marc Benioff shares his insights on the rise of agentic AI and its transformative impact on the company. He discusses how AI-powered agents are reshaping customer relationships, streamlining workflows, and driving innovation at Sale...The Motley Fool
Thu, Mar 13
Other
USPS signs agreement with Elon Musk's DOGE team for assistance
March 13 (Reuters) - U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk's DOGE government reform team to provide assistance to the money-losing agency as it works to address "big problems."USPS, an independent government agency with 635,000 employees ...Reuters
Thu, Mar 13
Cryptocurrencies
Former Trade Rep Schwab: US shouldn’t have a trade policy that jeopardizes its competitiveness
Former US Trade Representative Susan Schwab believes the United States should not pursue a trade policy that will undermine its competitiveness. Speaking on CNBC’s Squawk Box on Thursday, Schwab called for the Trump administration to formulate trade agreements by working with allies Canada and Mexico to compete with China. Schwab explained that even though trade […]Cryptopolitan
Thu, Mar 13
Commodities
CERAWEEK-Data center build-out stokes fears of overburdening biggest US grid
By Laila KearneyHOUSTON, March 13 (Reuters) - The rapid development of AI data centers is intensifying concerns about how well an aging U.S. electrical grid can hold up to that demand, energy executives and regulators said at the CERAWeek conference in Houston this week.The build-out of Big Tech'...Reuters
Thu, Mar 13
Commodities
Europe Gasoline/Naphtha-Gasoline margins jump on lower stocks
LONDON, March 13 (Reuters) - Northwest European gasoline refining profit margins rose sharply by $3 a barrel on Thursday to $7.23 a barrel, supported by lower regional inventories. Four barges of E5 gasoline barges traded, as Trafigura and Sahara sold to TotalEnergies and Varo.A further 3,000 metri...Reuters
Thu, Mar 13
Commodities
CERAWEEK-PJM seeing generator retirements being rescinded, CEO says
HOUSTON, March 13 (Reuters) - Grid operator PJM is seeing notices to retire power generation rescinded, CEO Manu Asthana said on Thursday at the CERAWeek energy conference, as electricity demand in the region rises.Reuters
Thu, Mar 13
Stocks
Fabrinet jumps after share-purchase warrant deal with Amazon
** Shares of outsourced optical components maker Fabrinet FN.N up 8.1% to $218.23 on Thurs after inking warrant deal with Amazon.com AMZN.O** FN shares, which rose as high as $228.11 earlier in the session, on track for biggest one-day pct advance since Aug 20** Fabrinet early Thurs said it issued a...Reuters
Thu, Mar 13
Commodities
METALS-Copper pulls back from five-month high on global growth worries
By Eric Onstad LONDON, March 13 (Reuters) - Benchmark copper prices in London retreated from five-month highs on Thursday as worries about global growth dulled the impact of U.S. tariffs inflating metals prices, while tin prices spiked to a 32-month peak after a mine in Congo closed.Three-month c...Reuters
Thu, Mar 13
Economic Indicator
US household wealth eked out record high in fourth quarter on stock gains
March 13 (Reuters) - U.S. household wealth eked out a fresh record high at the end of 2024, Federal Reserve data showed on Thursday, thanks to a stock market rally that appears to have run out of steam in the past three weeks.The net worth of households and non-profit groups rose about $200 billion ...Reuters
Thu, Mar 13
Commodities
CORRECTED-CERAWEEK-Texas LNG aims to make final investment decision by December
HOUSTON, March 12 (Reuters) - Glenfarne Energy Transition expects to make a final investment decision on its Texas LNG project by December, CEO Brendan Duval said on Wednesday.Glenfarne Energy is developing the 4 million metric tonnes per annum (MTPA) liquefied natural gas (LNG) plant in Brownsville...Reuters
Thu, Mar 13
Commodities
EXCLUSIVE-Qatar to provide gas to Syria via Jordan with a US nod, sources say
Syria suffers from power shortages, grid damageNew rulers' would-be backers uncertain over sanctions waiverApproval also given for power supply from Jordan, sources sayQatar was major supporter of rebels who fought AssadBy Timour Azhari and Andrew Mills BEIRUT, March 13 (Reuters) - Qatar is ...Reuters
Thu, Mar 13
Other
State Farm General: Writing new California business currently 'doesn’t make sense'
By Chris MunroMarch 13 - (The Insurer) - State Farm General Insurance Company (SFG) has told California’s insurance commissioner it cannot justify writing new business in the state given its current surplus levels and uncertainty over emergency rate filing approvals.The company, which is State Farm ...Reuters
Thu, Mar 13
Indices
Dow Jones Industrial Average backslides despite flat PPI inflation as trade war ramps up
The Dow Jones Industrial Average (DJIA) fell some 550 points on Thursday, declining one and one-third of a percent after United States (US) President Donald Trump and his administration ramped up their trade war rhetoric.Fxstreet
Thu, Mar 13
