Month: March 2025
Australia reports fourth-quarter GDP growth of 1.3%, supported by exports
Sydney, Australia Michael Dunning | The Image Bank | Getty Images Australia’s economy expanded 1.3% year on year in the fourth quarter, accelerating for the first time since September 2023. The GDP growth beat expectations of a 1.2% rise from economists polled by Reuters, and also surpassed the 1.1% climb expected by the Reserve Bank […]
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Stock futures rise after Commerce Secretary Lutnick suggests possible compromise on Trump tariffs: Live updates
Traders work on the floor of the New York Stock Exchange in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images U.S. stock futures rose Tuesday night after all three major averages suffered sharp losses for a second session. Futures tied to the Dow Jones […]
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China boosts budget deficit target to ‘around 4%’ of gross domestic product in a rare move
Key Points The new deficit plan, which is up from 3% last year, comes amid an escalating trade war with U.S. President Donald Trump’s administration. An increase to 4% of GDP had been widely expected. It marks the highest fiscal deficit on record going back to 2010, according to data accessed via Wind Information. The […]
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China reportedly targets around 5% GDP growth in 2025 amid trade war worries
An aerial view of a new city district in southern China’s Nanning city on Feb. 28, 2025. Nurphoto | Nurphoto | Getty Images China on Wednesday set its GDP growth target for 2025 at around 5% as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S. Beijing raised its budget deficit […]
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Trump to address joint session of Congress at 9 p.m. ET with DOGE, tariffs and Ukraine looming
President Donald Trump delivers his State of the Union address to a joint session of the U.S. Congress on Capitol Hill in Washington, U.S. January 30, 2018. Leah Millis | Reuters President Donald Trump is set to address a joint session of Congress on Tuesday night amid stock market turmoil driven by his stiff new […]
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CrowdStrike falls 9% on disappointing earnings forecast
George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023. David Paul Morris | Bloomberg | Getty Images CrowdStrike shares dropped nearly 9% in extended trading on Tuesday after the cybersecurity software provider issued disappointing earnings guidance. Here’s what […]
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Wine consumption is changing. The industry hopes new trends will help it survive
Grapes are seen in a vineyard in Ruedesheim am Rhein, western Germany. Kirill Kudryavtsev | Afp | Getty Images Global wine consumption has been on a steady decline in recent years — and it’s forced the wine industry to adapt. Organic and orange wines, non-alcoholic options and high-end fine vintages are all seeing increased demand, as […]
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Trump tariff compromises with Mexico and Canada teased by Commerce Secretary Lutnick
President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added. Lutnick’s comments came minutes after the U.S. stock market limped […]
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Stocks making the biggest moves after hours: AeroVironment, CrowdStrike, Ross Stores and more
Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts’ call for $1.66 per share, per LSEG. However, Ross sees first-quarter same-store sales ranging from down 3% to flat versus a 3% […]
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Stagflation fears bubble up as Trump tariffs take effect and the economy slows
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images A growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the […]
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