• Apr 21, 2025

Trump warns of economic slowdown unless Fed cuts rates, triggering selloff

(Reuters) -The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday, repeating his criticism of Federal Reserve Chair Jerome Powell, who says rates should not be lowered until it is clearer Trump's tariff plans won't lead to a persistent surge in inflation. "With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW," Trump said in a post on Truth Social. The comments, and the administration's seemingly intensifying pressure on a Fed chair Trump has stated he would like to see gone, sent stock markets lower and bond yields higher as investors and analysts mulled the fallout should Trump ignite a fight over the Fed's monetary policy independence and try to remove Powell before the end of his term a little over a year from now.

  • Apr 21, 2025

2 Reasons to Sell BDC and 1 Stock to Buy Instead

What a brutal six months it’s been for Belden. The stock has dropped 20.9% and now trades at $93.30, rattling many shareholders. This might have investors contemplating their next move.

  • Apr 21, 2025

Chevron announces first oil at Ballymore project in US Gulf

Chevron has started oil and gas production from a project in the U.S. Gulf of Mexico, the oil major said on Monday, bringing the company a step closer toward its goal of growing production from the ocean basin by 50% this year. The $1.6 billion project called Ballymore, located about 160 miles southeast of New Orleans, is composed of three wells that is expected to produce up to 75,000 barrels of oil per day. Chevron aims to grow oil and gas production from the Gulf to 300,000 barrels of oil equivalent per day in 2026, and at the same time, it is working to cut up to $3 billion in costs across the business.