U.S. stocks end lower as investors weigh Trump tariffs, Friday’s inflation data
U.S. stocks ended lower Thursday, after struggling for...
U.S. stocks ended lower Thursday, after struggling for direction as investors focused on new automobile tariffs and waited on Friday's release of the Federal Reserve's preferred inflation gauge.
The blue chip Dow Jones Industrial Average ended about 155 points, or 0.4%, near 42,229, according to preliminary data.
The S&P 500 closed about 0.3% lower.
The Nasdaq Composite ended down 0.5%.
U.S. auto stocks fell sharply, including shares of Ford Motor Co., General Motors Co. and Stellantis, while those of Tesla Inc. gained.
Private equity firms and lenders are flush with cash for oil and natural...
Private equity firms and lenders are flush with cash for oil and natural gas assets, but deal-making opportunities remain elusive following industry consolidation, according to industry leaders. Sellers, especially in high-demand plays like the Permian Basin, are reluctant to part with inventory, leaving investors to hunt for smaller deals and pursue creative capital deployment strategies.
Tech innovations tackle Texas' produced water problem
Texas is investing heavily in promising solutions to turn the vast volumes...
Texas is investing heavily in promising solutions to turn the vast volumes of produced water from oil and gas operations into a reusable supply to address water shortages, but treatment requires massive amounts of energy. Natura Resources has proposed deploying molten salt nuclear reactors to provide the heat needed for treatment, while Texas Pacific Water Resources is building a gas-powered pilot plant that relies on thermal desalination to purify the brine.
Court sides with Alaska in dispute over ANWR leases
Judge Sharon Gleason of the US District Court for the...
Judge Sharon Gleason of the US District Court for the District of Alaska has reversed a Biden administration decision to cancel seven oil and natural gas leases in Arctic National Wildlife Refuge, citing a 2017 tax law that reserves that authority for courts. The ruling, applauded by Alaska Gov. Mike Dunleavy, aligns with President Donald Trump's executive order to reinstate the leases.
Trump to impose a 25% tariff on cars. President Trump ...
Trump to impose a 25% tariff on cars. President Trump announced his latest tariff move yesterday, saying he would implement a 25% import tax on “all cars that are not made in the United States.” This is aimed at spurring domestic manufacturing, but it’s also likely to lead to price hikes and complications for the US auto industry, which is dependent on supply chains that are intertwined with Canada and Mexico. The new tariffs will be in addition to those already in place. And the trade war is far from over: The president is expected to begin reciprocal tariffs on April 2, though he has indicated there could be "flexibility."
OpenAI reportedly expects to triple its revenue to $12.7 billion. But creating AI models is expensive, so it doesn’t expect to be cash flow positive until 2029 with a projected revenue of $125+ billion.
Russia said it won’t implement its Black Sea ceasefire with Ukraine until some of the sanctions against it are lifted, and President Trump said Russia might be “dragging their feet” as a tactic.
A federal appeals court refused to lift a judge’s order temporarily barring the Trump administration from using the Alien Enemies Act to deport anyone.
A Tufts PhD student from Turkey was arrested by immigration officers. The Department of Homeland Security told CBS she “engaged in activities in support of Hamas,” but did not provide details. The news organization said she was a co-author of an op-ed in the student newspaper urging the university to adopt student senate resolutions in support of Palestinians.
Vice President JD Vance plans to join his wife in Greenland, but the itinerary for the controversial trip has been scaled back.
