Despite quarterly loss and battered stock, Triumph Financial stays aggressive
  • April 16, 2025

Despite quarterly loss and battered stock, Triumph Financial stays aggressive

Even in the midst of a sharp drop in his company’s stock price and a freight market that is not supporting the bottom line at Triumph Financial, CEO Aaron Graft touted milestones reached and signaled a new aggressiveness in pricing the company’s products. In his quarterly letter to investors released in conjunction with the company’s […] The post Despite quarterly loss and battered stock, Triumph Financial stays aggressive appeared first on FreightWaves.

Tariff-wounded stocks find no balm with Powell remarks
  • April 16, 2025

Tariff-wounded stocks find no balm with Powell remarks

NEW YORK (Reuters) -Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind. Fed Chair Jerome Powell said the central bank would wait for more data on the economy's direction before changing interest rates. Speaking to the Economic Club of Chicago, he noted that there was a potentially tough situation developing for the Fed in which inflation is pushed higher by tariffs while growth and potentially, employment, weaken.

ECB cuts rates on weak growth, markets bet on more easing
  • April 16, 2025

ECB cuts rates on weak growth, markets bet on more easing

The European Central Bank cut interest rates for the seventh time in a year on Thursday and warned that economic growth will take a big hit from U.S. tariffs, bolstering bets for even more policy easing in the months ahead. The ECB has taken borrowing costs to their lowest level since late 2022 as the sharp post-pandemic inflation spike has largely disappeared and fast-moving changes to trade policies sap business confidence and depress growth. "Downside risks to economic growth have increased," Lagarde told a press conference after policymakers agreed unanimously to cut the ECB's benchmark rate by 25 basis points to 2.25%.

Trump's trade war ripples through the business world, hits stocks again
  • April 16, 2025

Trump's trade war ripples through the business world, hits stocks again

(Reuters) -The ripple effects of Donald Trump's global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world's supply chain warned of hits to their bottom line. Meanwhile, airlines said they are bracing for an uncertain summer travel season, and the head of the Federal Reserve noted slowing economic activity - but also cast a wary eye on the threat that tariffs pose to its goal of lowering inflation.

Bloom Energy, Rogers, 3D Systems, Moderna, and EchoStar Stocks Trade Down, What You Need To Know
  • April 16, 2025

Bloom Energy, Rogers, 3D Systems, Moderna, and EchoStar Stocks Trade Down, What You Need To Know

A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.