Month: March 2025
Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%
The Federal Reserve’s key inflation measure rose more than expected in February while consumer spending also posted a smaller-than-projected increase, the Commerce Department reported Friday. The core personal consumption expenditures price index showed a 0.4% increase for the month, the biggest monthly gain since January 2024, putting the 12-month inflation rate at 2.8%. Economists surveyed […]
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Greenland forms new government hours before visit by US Vice President Vance
(L-R) Greenland politician Aqqalu Jerimiassen, Jens-Frederik Nielsen the leader of the Demokraatit party, the Prime Minister of Greenland Múte Bourup Egede and Vivian Motzfeldt of the Siumut party attend the announcement of a coalition agreement to form the next government, on March 28, 2025 in Nuuk, Greenland. Leon Neal | Getty Images News | Getty […]
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Novo Nordisk defends disappointing next-gen obesity drug: ‘It will be an important product’
A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | Reuters Copenhagen, DENMARK — Novo Nordisk defended disappointing trial results for its much-hyped next generation obesity drug candidate CagriSema, insisting it will be an “important” weight loss treatment. CEO […]
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Investors will be ‘miles ahead’ if they avoid these 3 things, ‘How Not to Invest’ author says
Key Points Many people are bad investors largely because they aren’t skeptical enough: They react emotionally and they don’t understand compound interest, said Barry Ritholtz, chairman and chief investment officer of Ritholtz Wealth Management. Famous investors like Warren Buffett and Peter Lynch who consistently beat the market are rare, Ritholtz said. Source
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Activist investor Elliott takes short position in Shell after building a stake in rival BP
A Shell gas station on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program. The move, which was first reported by British newspaper The Times on Thursday, comes shortly after […]
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Nikola founder Trevor Milton says Trump pardoned him in securities fraud case
Trevor Milton, founder of Nikola Corp., arrives at court in New York, on Monday, Sept. 12, 2022. Victor J. Blue | Bloomberg | Getty Images Nikola Corp. founder Trevor Milton said Thursday that he had been granted a full pardon by President Donald Trump for his October 2022 conviction of federal crimes related to defrauding […]
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Bangkok declares ‘disaster zone’, 83 trapped under collapsed building after Myanmar earthquake
Thai rescue workers arrive on scene at a construction building collapse in the Chatuchak area following an earthquake on March 28, 2025 in Bangkok, Thailand. Lauren Decicca | Getty Images News | Getty Images Bangkok authorities declared the Thai capital a “disaster area” on Friday, after a powerful earthquake in Myanmar created tremors which caused […]
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Stocks making the biggest moves premarket: Lululemon, Rocket Lab, U.S. Steel and more
Check out the companies making headlines before the bell. Lululemon Athletica — Shares tumbled more than 11% after the athleisure retailer’s 2025 guidance came in weaker than expected . Lululemon forecasts first-quarter earnings in a range of $2.53 to $2.58 per share, compared to the $2.72 expected by analysts polled by LSEG. First-quarter projected revenue […]
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Taiwan accuses China’s biggest chipmaker SMIC of ‘illegally’ poaching tech talent
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual China Group | Getty Images Taiwan investigators on Friday alleged that Chinese chipmaker Semiconductor Manufacturing International Co. (SMIC) illegally recruited high-technology talent. Taiwan’s Ministry of Justice Investigation Bureau (MIJB) […]
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Europe stocks fall as escalating trade war weighs on markets
European stock markets opened lower on Friday as global markets braced for U.S. President Donald Trump’s tariffs on automakers set to take effect on April 2. The pan-European Stoxx 600 was 0.13% lower shortly after the opening bell. The U.K.’s FTSE 100 was marginally higher, while France’s CAC 40 was down 0.4%. The German Dax […]
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