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  • Mar 03, 2025

OPEC’s Oil Output Rises to One-Year High Before Planned Revival

(Bloomberg) -- OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billi

  • Mar 03, 2025

Gold Gains as Tariffs Stoke Economic Fears and Dollar Drops

(Bloomberg) -- Gold rose after last week’s sharp correction, with investors weighing the economic outlook as US President Donald Trump prepares to implement import levies against key trade partners.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 B

  • Mar 03, 2025

Allegro MicroSystems (ALGM) Stock Trades Up, Here Is Why

Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) jumped 22.3% in the morning session after Bloomberg reported the company is fielding takeover interests from peer, ON Semiconductor. The sources added that there could be other bidders in the mix too. Most acquisitions close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Allegro strikes a deal with a buyer.

  • Mar 03, 2025

Why Tesla (TSLA) Stock Is Trading Up Today

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.3% in the pre-market session after Morgan Stanley analyst Adam Jonas named the stock a "Top Pick," citing the potential in the autonomous vehicle market and robotics. Jonas added that "Tesla's YTD auto deliveries have been mostly below expectations, but not particularly narrative changing. Tesla's softer auto deliveries are emblematic of a company in the transition from an automotive 'pure play' to a highly diversified play on AI an

  • Mar 03, 2025

Intel (INTC) Stock Trades Up, Here Is Why

Shares of computer processor maker Intel (NASDAQ:INTC) jumped 6.6% in the pre-market session after Reuters reported that Broadcom and Nvidia are running tests on Intel's 18A manufacturing process, highlighting the company's (INTC) progress and the potential to attract high-caliber customers. With high expectations surrounding Intel's Foundry business, these updates lend credibility to the growing hype, and even the speculation about a potential acquisition of the unit, suggesting there may be re

  • Mar 03, 2025

Trump sends crypto prices on a short-lived surge after announcement of strategic government reserve

Cryptocurrency prices briefly jumped after President Donald Trump's surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund, an announcement that highlights Trump's growing attempts to use volatile cryptocurrency prices as a barometer of his public support. Trump said on social media Sunday that his administration is working toward creating a “Crypto Strategic Reserve” that will include lesser-known cryptocurrencies XRP, solana, and cardano.

  • Mar 03, 2025

Bitcoin, Ether, Solana, Cardano and more cryptocurrencies to watch this week

Just three days ago, Bitcoin was in a sharp decline, falling below $80,000. However, in a dramatic reversal, the leading cryptocurrency has surged by over $14,000, or 20%, fueled by Donald Trump. Over the weekend, the president revealed plans to establish a crypto reserve — to include Bitcoin, Ether, Solana, XRP, and Cardano — injecting new momentum into the sluggish market.

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