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FTC asks to push Amazon trial due to 'severe resource shortfalls'
By Jody GodoyMarch 12 (Reuters) - The U.S. Federal Trade Commission asked a federal court in Seattle to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing "severe resource shortfalls in terms of both money and personnel," on Wedne...Reuters
Wed, Mar 12
Commodities
CERAWEEK-Exxon to raise output to 5.4 mln boepd by 2030 from 4.3 mln, exec says
By Sheila DangHOUSTON, March 12 (Reuters) - Exxon Mobil XOM.N expects to raise output to 5.4 million barrels of oil equivalent per day in 2030, up from 4.3 million boepd now, the company's president of upstream said on Wednesday.The production areas that the company is focused on for growth are ...Reuters
Wed, Mar 12
Other
Exclusive: Willis lines up former Lockton Norway CEO Johannessen as European marine head
By Michael JonesMarch 12 - (The Insurer) - Willis has lined up former Lockton Norway CEO Anders Johannessen as its European head of marine, three senior marine market sources told The Insurer.Johannessen resigned from his position at Lockton in late 2024 and will not join WTW until the conclusion of...Reuters
Wed, Mar 12
Stocks
US STOCKS-Wall St mixed as tariff jitters overshadow inflation data
Indexes: Dow down 0.48%, S&P 500 up 0.26%, Nasdaq up 0.90%Intel jumps on report TSMC pitched JV to US chipmakersPepsiCo drops on brokerage downgradeFebruary CPI rises 2.8%, lower than estimatesBy Johann M Cherian and Pranav Kashyap March 12 (Reuters) - Wall Street's main indexes witne...Reuters
Wed, Mar 12
Stocks
LIVE MARKETS-Not since the 2022 bear market was ending has investment advisor sentiment been this bad
US indexes mixed: Nasdaq up >1, S&P 500 gains, Dow edges lowerTech leads S&P 500 sector gainers; Staples weakest groupEuro STOXX 600 index up ~0.8%Dollar ~flat; gold gains; crude rallies ~2%; bitcoin down ~1%US 10-Year Treasury yield edges up to ~4.32%Welcome to the home for real-time cov...Reuters
Wed, Mar 12
Other
US Social Security weighs phone service cuts, report says
March 12 (Reuters) - The U.S. Social Security Administration is considering dramatically curtailing the phone services that 73 million retired and disabled Americans rely on to apply for and access their earned government benefits, the Washington Post reported on Wednesday. The agency, under pressur...Reuters
Wed, Mar 12
Stocks
US beauty firms fall after French cosmetics body flags tariff retaliation risk
** Shares of U.S. beauty companies down after French cosmetics industry body says there is "enormous" risk of retaliation by the United States as EU to go ahead with tariffs** The European Union will impose counter tariffs on 26 billion euros ($28.39 billion) worth of U.S. goods from next mo...Reuters
Wed, Mar 12
Other
EPA moves to narrow regulation of US waterways
By Valerie VolcoviciWASHINGTON, March 12 (Reuters) - The U.S. Environmental Protection Agency on Wednesday announced that it will narrow the definition of waters that can be federally regulated to comply with a 2023 Supreme Court decision, a move cheered by Republican lawmakers in agricultural state...Reuters
Wed, Mar 12
Stocks
Why IonQ Stock Is Surging Higher Today
Shares of quantum computing company IonQ (NYSE: IONQ) were rising this morning after Japanese online brokerage firm Rakuten Securities disclosed in an SEC filing that it recently purchased 90,000 shares of IonQ's stock. IonQ's share price is likely also getting a bump after it announced yesterday th...The Motley Fool
Wed, Mar 12
Other
Sony Music sues University of Southern California over social media ads
By Blake Brittain March 12 (Reuters) - Sony Music 6758.T has sued the University of Southern California in New York federal court for allegedly using more than 170 of the label's songs in videos promoting the school's athletics program without permission.The label's lawsuit, filed on ...Reuters
Wed, Mar 12
Economic Indicator
Bank of Canada cuts rates by 25 bps, warns of tariff crisis
Trade conflict would slow first-quarter GDP, bank saidConflict could disrupt recovery in the jobs market, it saidInflation is expected to go up to around 2.5% in MarchChances of another rate cut in April are around 45%By Promit Mukherjee and David Ljunggren OTTAWA, March 12 (Reuters) - The Bank o...Reuters
Wed, Mar 12
Commodities
Kazakhstan says it will adjust quickly to comply with OPEC+ quota
ALMATY, March 12 (Reuters) - Kazakhstan will quickly adjust its oil output in order to get back in line with its OPEC+ quota after exceeding the limit in February, the Energy Ministry said on Wednesday.OPEC said earlier that Kazakhstan was the biggest contributor to a sizeable jump in February crude...Reuters
Wed, Mar 12
Stocks
Why Viking Therapeutics and Roche Holdings Popped Today, but Novo Nordisk Stock Dropped
Over the past few days, as the rest of the stock market melted down, a revolution has been quietly brewing in the market for GLP-1 weight-loss drugs. Current runners-up Viking Therapeutics (NASDAQ: VKTX) and Roche Holdings (OTC: RHHBY), up 11.3% and 4%, respectively, through 10:05 a.m. ET today, are...The Motley Fool
Wed, Mar 12
Commodities
Trump insists reciprocal tariffs are coming, blames Ireland for taking away firms through taxation
WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump on Wednesday said Ireland had used its tax policies to lure away pharmaceutical and other companies from the United States, and doubled down on his vow to impose reciprocal tariffs to help rebuild U.S. manufacturing.Trump spoke with report...Reuters
Wed, Mar 12
Commodities
Trump cites positive messages on potential Russia-Ukraine ceasefire
WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump on Wednesday said he had gotten some positive messages on a potential ceasefire in Ukraine as U.S. officials head to Russia to discuss a proposed 30-day pause on fighting.Trump, speaking to reporters at the White House, said he hoped they ...Reuters
Wed, Mar 12
Stocks
United Bankshares gets 'neutral' rating as Piper Sandler resumes coverage
** Piper Sandler resumes coverage of United Bankshares UBSI.O with a "neutral" rating and a PT of $38.50, a 13% upside to the stock's last close** Regional lender's focus on operational efficiency and disciplined underwriting makes it a reliable, income-generating investment - broker...Reuters
Wed, Mar 12
Other
CORRECTED-IQUW posts 83.3% combined ratio for 2024
By Michael JonesMarch 12 - (The Insurer) - IQUW reported a combined operating ratio of 83.3% for the 2024 full year, a 2.4 percentage point deterioration on the prior year, in an announcement on Wednesday. The specialty (re)insurer posted gross written premiums of $1.1 billion in 2024, up 22% on the...Reuters
Wed, Mar 12
