• Feb 20, 2025

Stock market today: Discouraging economic reports knock Wall Street further from its record

Wall Street is pulling further from its record after reports on Friday showed worries about President Donald Trump's policies may be hitting the U.S. economy. Stock indexes pulled back following a series of weaker-than-expected reports on the economy. “Companies report widespread concerns about the impact of federal government policies, ranging from spending cuts to tariffs and geopolitical developments,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.

• Feb 20, 2025

Trump Tells GOP Governors Their Political Futures Depend on Him

(Bloomberg) -- President Donald Trump told Republican governors that implementing his agenda was key to their own political futures, arguing that embracing it could mitigate or even prevent losses in the midterm elections.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Asserts P

• Feb 20, 2025

RBA’s Bullock Alert to Job Market Signaling Stronger Economy

(Bloomberg) -- Australia’s central bank is closely monitoring the state of the labor market as persistent tightness may signal a stronger economy, Governor Michele Bullock said, adding that policymakers aren’t “pre-committed” to any path for interest rates.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquart

• Feb 20, 2025

Oil prices dip but remain on track for weekly gain on supply jitters

Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine. Brent futures slipped by 62 cents, or 0.81%, to $75.86 a barrel by 1304 GMT while U.S. West Texas Intermediate crude lost 63 cents, or 0.87%, to $71.85. The market has taken a relatively neutral yet nervous stance on crude oil prices, said Ole Hansen at Saxo Bank, with Brent trading near the middle of the expected range for the year, between $65 and $85 a barrel.

• Feb 20, 2025

Big-box retail just got a big warning — and stocks are tumbling

"With investors on edge on the post-holiday slowdown, WMT's comp shortfall vs. expectations touches a high anxiety point," said JPMorgan.

• Feb 20, 2025

Stock investors may be overlooking this key bullish theme

"Industries that presumably stand to gain most are those that are most regulated," BofA's Savita Subramanian said.

• Feb 20, 2025

RBNZ Welcomes Weaker Kiwi Dollar as Catalyst to Revive Economy

(Bloomberg) -- New Zealand’s central bank is welcoming a weaker exchange rate, saying it will help to revive economic growth this year.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE Cuts“The lower kiwi dollar is part of the reason we’re predictin

• Feb 20, 2025

Milei Seeks Rebound From Crypto Saga on Visit to Trump World

(Bloomberg) -- For the first time since he stormed to power in 2023, Argentina’s Javier Milei is on the political defensive after plunging his government into a massive cryptocurrency scandal. A trip to Washington gives him a chance to get back on his front foot.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Hea

• Feb 20, 2025

What the bond yields are saying about where to invest in the stock market, according to Morgan Stanley's CIO

Bond yields have surpassed a key level that suggests investors should focus on handful of sectors, according to Morgan Stanley's Mike Wilson.

• Feb 20, 2025

Meta reduces stock options for staff despite trading at record highs, FT reports

Employees receive equity refreshers every year that make up the majority of their remuneration, alongside base salaries and annual bonuses, the FT reported. Most employees have been told they would receive about 10% less equity this year, the FT reported, citing several people familiar with the matter. The exact reduction will depend on where the employees are based and their level within the organization, the report said.