Month: March 2025
Trump picks Fed Governor Michelle Bowman to replace Michael Barr as Fed’s supervision head
US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images President Donald Trump announced Monday he has chosen Federal Reserve Governor Michelle Bowman to take over the central bank’s top supervisory role. The announcement comes […]
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This startup is creating a global tech platform for recycled wood
Each year 36 million trees fall due to decay, disease, natural disasters or clearing for new development. The vast majority of those trees are either burned, sent to a landfill or ground up for mulch, which wastes energy and causes carbon emissions. Now, new technology is being used to find, transport and recycle that wood […]
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These fixed income assets have yields that top 5%. How to get the most out of them
As investors hunt for solid yields, many are turning to collateralized loan obligations. The products, which are pools of floating-rate loans to businesses, have seen an uptick in interest. A record $25.6 billion poured into bank loan and CLO exchange-traded funds last year, according to State Street . While the bulk of the market is […]
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Wholesale egg prices have ‘plunged,’ analyst says — shoppers may soon see some relief
Key Points Wholesale egg prices have fallen more than 40% since the end of February. The pullback comes amid a reprieve from major bird flu outbreaks so far in March and weaker consumer demand, which have helped the nation’s egg supply to start recovering. Retail egg prices broke a record high in February. It’s unclear […]
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Trump administration seeks delay in Nippon Steel case for merger talks, filing shows
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images The Trump administration filed a motion to extend two deadlines in U.S. Steel and Nippon Steel’s lawsuit against a U.S. national security panel to give the government more […]
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Stocks making the biggest moves midday: Intel, Tesla, Affirm, Robinhood and more
Check out the companies making headlines in midday trading: Affirm — The buy now, pay later company saw shares tumble 10% after CNBC reported that Swedish fintech firm Klarna will replace Affirm as the exclusive provider of such loans for Walmart . Klarna, which just disclosed its intention to go public in the U.S., will […]
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Oil rises as Trump says Iran will be held responsible for any future Houthi attacks
U.S. President Donald Trump looks on as military strikes are launched against Yemen’s Iran-aligned Houthis over the group’s attacks against Red Sea shipping, at an unspecified location in this handout image released March 15, 2025. White House | Via Reuters Oil prices rose on Monday after President Donald Trump said the U.S. would hold Iran […]
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BYD unveils new super-charging EV tech, to build charging network in China
A view of the logo of BYD during the launch of the BYD eMAX 7, an electric MPV by Chinese car and battery maker BYD, in New Delhi, India, October 8, 2024. Priyanshu Singh | Reuters BYD on Monday unveiled a new platform for electric vehicles (EVs) that it said could charge EVs as quickly […]
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Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for […]
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Deutsche Bank says the market sell-off has another 6% to go as consumer and corporate confidence dives
The market sell-off is not over yet as consumer and corporate confidence take a dive on tariff uncertainty, according to Deutsche Bank. “We see the selloff in US equities as having further to go,” Binky Chadha, chief strategist at Deutsche Bank, wrote Saturday. “With trade policy uncertainty likely to continue to weigh, at least until […]
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