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  • Mar 19, 2025

Oil Titans Meet With Trump as US Unwinds Environmental Rules

(Bloomberg) -- The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on Wednesday. Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedIndustry leaders say they have plenty of reasons to give thanks. Trump

  • Mar 19, 2025

Czech central banker Kubicek 'sceptical' of bitcoin as reserve asset

Czech National Bank board member Jan Kubicek is "sceptical" about the inclusion of bitcoin among the bank's hefty reserves, wary of legal uncertainties and concerns around volatility of the digital currency. CNB Governor Ales Michl put bitcoin up for consideration earlier this year, and the bank has begun an analysis looking into broadening the asset classes it holds in its reserves portfolio. Volatility was another worry and assessing market price developments was difficult, he said.

  • Mar 19, 2025

Ollie's (NASDAQ:OLLI) Reports Sales Below Analyst Estimates In Q4 Earnings

Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.8% year on year to $667.1 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.58 billion at the midpoint. Its non-GAAP profit of $1.19 per share was in line with analysts’ consensus estimates.

  • Mar 19, 2025

Morning Bid: Policy fog sidelines Fed

Like most of its central banking peers, the Federal Reserve will likely sit on its hands at this week's meeting, blinded by the multiple crosswinds from U.S. economic policy upheaval and plans for sweeping tariff hikes. * Several U.S. national security agencies have suspended certain efforts to counter Russian sabotage, disinformation and cyberattacks, potentially lifting some pressure off Moscow, according to Reuters exclusive reporting. * A U.S. federal judge has blocked billionaire Elon Musk and DOGE from taking any more steps to shut down the U.S. Agency for International Development, saying their efforts to close the foreign aid agency were likely unconstitutional.

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