News
Important Only
Economic Indicator
US budget deficit for Trump's first full month in office reaches $307 billion
WASHINGTON, March 12 (Reuters) - The U.S. budget deficit totaled $307 billion for President Donald Trump's first full month in office, up 4%, or $11 billion, from a year ago, the Treasury Department said on Wednesday, even as growth in receipts outpaced that of spending.Receipts totaled $296 bil...Reuters
Wed, Mar 12
Cryptocurrencies
Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree
Bitcoin ETF Flows | Source: SosoValue In the Bitcoin ETFs, market investors pulled out another $371 million on Tuesday, bringing total outflows since the start of March above $1.5 billion It remains to be seen if US CPI data could show that corporate investors will halt the BTC ETF outflows in the days ahead.
Fxstreet
Wed, Mar 12
Commodities
Archer-Daniels-Midland considers sale of futures trading arm, Bloomberg News reports
March 12 (Reuters) - Grains trader Archer-Daniels-Midland ADM.N is considering selling its futures trading arm, in an effort to cut costs, Bloomberg News reported on Wednesday, citing people familiar with the matter.The company, in an emailed statement to Reuters, said it does not comment on rumors ...Reuters
Wed, Mar 12
Stocks
D-Wave shares jump after co claims 'quantum supremacy'
** Shares of D-Wave Quantum QBTS.N jump in late morning trade on Weds after co says it has achieved 'quantum supremacy' ** QBTS shares last up 9.5% at $5.89 after rising as high as $6.39 in the session ** Palo Alto, California-based firm published peer-reviewed paper ...Reuters
Wed, Mar 12
Commodities
Trump administration begins effort to reverse EPA vehicle rules
WASHINGTON, March 12 (Reuters) - The U.S. Environmental Protection Agency said on Wednesday it is beginning the effort to reverse the Biden administration's vehicle emissions rules that would force automakers to build a rising number of electric vehicles.The Trump administration said it would re...Reuters
Wed, Mar 12
Stocks
U.S. STOCKS ON THE MOVE-HubSpot, Casey's General Stores, ANI Pharma
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes witnessed choppy trading on Wednesday amid concerns about the economic implications of an escalating global trade war, which eclipsed data showing U.S. inflati...Reuters
Wed, Mar 12
Other
Warburg Pincus, KKR in talks to buy medical packaging maker Gerresheimer, Bloomberg News reports
March 12 (Reuters) - A consortium consisting of Warburg Pincus and KKR KKR.N are in talks to acquire German medical packaging maker Gerresheimer AG GXIG.DE, Bloomberg News reported on Wednesday citing people familiar with the matter.Reuters
Wed, Mar 12
Commodities
US EPA to reconsider Biden clean power plant rule
WASHINGTON, March 12 (Reuters) - The Environmental Protection Agency announced on Wednesday it plans to reconsider a Biden administration regulation that sought to reduce greenhouse gas emissions from power plants, part of the new administration's broader efforts to unwind regulations for the po...Reuters
Wed, Mar 12
Commodities
Trump cites positive messages on potential Russia-Ukraine ceasefire
WASHINGTON, March 12 (Reuters) - President Donald Trump said U.S. officials were heading to Russia on Wednesday to discuss a U.S.-Ukraine agreement on a proposed 30-day pause in fighting and a pathway to peace talks. Trump said it was now up to Russia after Ukraine agreed to a ceasefire during mo...Reuters
Wed, Mar 12
Economic Indicator
METALS-Copper hits multi-month peaks on improved China sentiment, US tariffs
By Eric Onstad LONDON, March 12 (Reuters) - Copper prices touched multi-month highs on Wednesday as traders prepared for potential U.S. tariffs, while investor sentiment got a boost from signs of improving demand in China and a possible ceasefire in Ukraine.Three-month copper on the London Metal ...Reuters
Wed, Mar 12
Commodities
EXCLUSIVE-Trump administration plans to give dirty US coal plants a reprieve on soot
Plan aligns with Trump's executive orders on energy reliabilityRollback benefits dirtiest coal plants, like Colstrip in MontanaComplying with Biden-era rules would cost Colstrip an estimated $350M to $665MBy Tim McLaughlin March 12 (Reuters) - President Donald Trump's administration inten...Reuters
Wed, Mar 12
Cryptocurrencies
Hearing of US House Finance Committee examines stablecoin bills, CBDC opposition
Crypto assets were under scrutiny in the U.S. Congress on March 11. The House of Representatives Financial Services Committee debated the merits of stablecoins and a central bank digital currency (CBDC) in a hearing titled “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital […]Cryptopolitan
Wed, Mar 12
Other
U.S. RESEARCH ROUNDUP-AbbVie, Dick's Sporting, Oracle
March 12 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including AbbVie, Dick's Sporting Goods and Oracle, on Wednesday. HIGHLIGHTS * AbbVie ABBV.N: Berenberg raises target price to $195 from $165* Dick's Sporti...Reuters
Wed, Mar 12
Other
Chubb launches Poliseno-led North America small and middle market unit
By Chris MunroMarch 12 - (The Insurer) - Chubb has combined its North America lower middle market and digital small business divisions into a single unit under the leadership of Rob Poliseno.Called North America Small & Lower Midmarket, the unit integrates Chubb’s decades-long underwriting exper...Reuters
Wed, Mar 12
Commodities
REFILE-EU tariffs on US grains to hit livestock sector, industry group says
PARIS, March 12 (Reuters) - European Union tariffs on U.S. grains, as part of the bloc's riposte to Washington's levies on steel and aluminium, would hurt a European livestock sector reliant on imports for animal feed, industry association FEFAC said on Wednesday.A large EU trade surplus wit...Reuters
Wed, Mar 12
Commodities
Archer-Daniels-Midland considers sale of futures trading arm, Bloomberg News reports
March 12 (Reuters) - Grains trader Archer-Daniels-Midland ADM.N is considering selling its futures trading arm, in an effort to cut costs, Bloomberg News reported on Wednesday, citing people familiar with the matter.Reuters
Wed, Mar 12
Stocks
Casey's General Stores rises after RBC raises PT on solid quarterly results
** Casey's General Stores' CASY.O shares rise 7% to $405.12** Brokerage RBC Capital Markets raises PT to $438 from $430** Says Q3 inside store same-store-sales reflect solid execution of strategies to offset challenging consumer demand** CASY continues to earn its valuation premium that refl...Reuters
Wed, Mar 12
Other
UK insurers welcome FCA decision to end "name and shame" plans
By Rebecca DelaneyMarch 12 - (The Insurer) - UK industry bodies have welcomed the move by the Financial Conduct Authority to scrap its "name and shame" proposals to publish details of firms that are subject to ongoing regulatory investigations.The FCA confirmed in an update on Wednesday that...Reuters
Wed, Mar 12
