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Top Stories🎯
US Job Growth Slows in February, Unemployment Ticks Up to 4.1%
The US economy added 151,000 jobs in February, below expectations of 160,000. The unemployment rate rose to 4.1% from 4.0%. Average hourly earnings increased 0.3% month-over-month and 4.0% year-over-year. The labor market remains firm but is cooling gradually.
Fed's Kugler Backs Extended Rate Pause, Warns of Persistent Inflation Risks
Fed Governor Kugler advocates for steady interest rates, citing upside inflation risks and limited progress. She notes solid job numbers but emphasizes uncertainty's impact on the economy, particularly regarding new policies and tariffs.
White House to Unveil Strategic Crypto Reserve Funding Plan Amid Congressional Hurdles
White House set to address funding strategy and congressional approval challenges for the Strategic Crypto Reserve. The announcement, expected today or tomorrow, will clarify the funding mechanism and potential roadblocks.
Trump's Tariff Reprieve for Canada and Mexico Sparks Market Uncertainty
Trump delays tariffs on Canadian and Mexican goods covered by NAFTA, easing tensions but creating market uncertainty. The move affects various sectors, including lumber and crude oil, while India remains a target for reciprocal duties.
Company News
Hewlett Packard Enterprise Company (HPE)
Performance Overview
1D Change: 📉 -11.97%
5D Change: 📉 -22.08%
News Volume: 📰 45
Unusual Volume Factor: 🚀 10x
HPE Stock Nosedives 20% on Weak Outlook and Job Cuts, Raising Concerns About Execution and Market Pressures
Hewlett Packard Enterprise (HPE) faced a significant stock plunge following disappointing Q1 2025 earnings and weak Q2 guidance. Despite meeting EPS expectations and beating revenue estimates, HPE's shares tumbled by approximately 20% due to margin pressures and a weaker-than-expected full-year profit outlook. The company announced plans to cut 3,000 jobs as part of cost-cutting measures. Factors contributing to the downturn include U.S. tariffs, competitive pressures, and pricing adjustments. CEO Antonio Neri expressed confidence in the pending Juniper Networks acquisition, despite facing a DOJ challenge. Analysts cite "poor execution" as a key issue. The news sparked a flurry of trading activity and analyst discussions, with HPE's performance contrasting sharply with some competitors in the tech sector.
Full coverage of $HPE on MarketFlux.io
Costco Wholesale Corporation (COST)
Performance Overview
1D Change: 📉 -6.07%
5D Change: 📉 -8.65%
Costco Reports Mixed Q2 Earnings: Strong Sales Growth Amid Economic Uncertainties and Tariff Concerns
Costco Wholesale Corporation recently released its Q2 FY25 earnings report, revealing mixed financial results that have stirred market reactions and analyst commentary. The company's earnings per share (EPS) of $4.02 fell short of expectations, ranging from $4.09 to $4.11, leading to a stock decline of approximately 1% to 1.4% in after-hours trading. Despite the earnings miss, Costco reported strong revenue of $63.72 billion, surpassing estimates of $63.11 billion.
Full coverage of $COST on MarketFlux.io
Other News
🚀 Crypto Events
- Trump's Bitcoin Shift & U.S. Crypto Strategy 🏛️
- President Trump has reversed his stance on crypto, hosting a White House summit and signing an order to establish a U.S. Bitcoin Strategic Reserve.
- The reserve, called "Digital Fort Knox," aims to ensure long-term government Bitcoin holdings. Reports suggest the U.S. already owns up to 200,000 BTC.
- The administration is ending "Operation Choke Point 2.0" and exploring further Bitcoin acquisitions.
- Despite these developments, Bitcoin prices dropped, and reactions from lawmakers and experts were mixed.
- Kraken Plans 2026 IPO 📈
- Crypto exchange Kraken is preparing for a potential IPO in early 2026, encouraged by a more favorable regulatory environment.
- Trump Pushes Stablecoin Legislation 🔗
- Trump is urging Congress to pass stablecoin regulations before the August recess, highlighting the urgency of digital currency oversight.
- $150M Crypto Theft Hits Ripple Co-Founder 🔓
- Ripple co-founder Chris Larsen lost $150 million in XRP due to a LastPass security breach, raising concerns over password manager safety.
🌍 Geopolitics Events
- U.S. Job Growth Slows, Unemployment Rises 📉
- The U.S. added 151,000 jobs in February, missing expectations, while unemployment unexpectedly rose to 4.1%.
- Trump Considers New Russia Sanctions to Pressure Ceasefire 🇷🇺
- Trump is weighing sweeping economic sanctions and tariffs on Russia to force an end to the Ukraine war.
- Putin Signals Conditional Truce Talks for Ukraine 🤝
- Russian President Putin is open to a temporary ceasefire if progress is made toward a final peace settlement.
- U.S. Weighs Banning Chinese AI Chatbot DeepSeek 🤖
- Concerns over data security have prompted U.S. officials to consider banning DeepSeek from government devices and app stores.
- Trump Team Explores Lifting Russian Oil Price Cap 🛢️
- Advisers are considering removing the oil price cap on Russia as a potential negotiation incentive for Ukraine peace talks.
- Trump Seeks New Nuclear Deal with Iran ☢️
- Trump reached out to Iran’s leadership, stating that nuclear weapons are non-negotiable and diplomacy is preferred.
📈 Macro Events
- Eurozone Economy Outperforms Expectations 🇪🇺
- Q4 GDP growth in the Eurozone was revised upward, driven by strong consumer and business spending.
- U.S. Treasury Defends Tariffs, Says Fair Trade is the Goal ⚖️
- Treasury Secretary Bessent argued that tariffs are a necessary adjustment for a fairer global trading system.
- Mexico-U.S. Steel & Aluminum Tariff Talks Begin 🏗️
- U.S. and Mexican officials are meeting to negotiate tariffs on steel and aluminum imports.
- French Trade Deficit Surges as Exports Decline 🇫🇷
- France's trade deficit widened to €6.54B in January, driven by falling exports and rising imports.
🛢️ Oil and Gas Events
- U.S. Seeks $20B to Replenish Strategic Oil Reserve 💰
- The U.S. Energy Secretary plans to request $20 billion to refill the depleted Strategic Petroleum Reserve.
- Russia & Kazakhstan Adjust OPEC+ Compliance Amid Market Shifts ⚖️
- Russia plans to increase oil output in April but may reverse the decision if market conditions change.
- Kazakhstan overproduced in February and will optimize output in March, while Russia's production fell below its OPEC+ quota.
- Saudi Arabia Cuts Oil Prices for Asia Amid Market Volatility 📉
- Saudi Arabia lowered oil prices for Asian buyers as OPEC+ eases output curbs, driving oil prices down over 4% this week.
- Russian Attack Halts Ukraine's Gas Production 🔥
- A Russian strike severely damaged gas facilities in Ukraine’s Poltava region, disrupting operations of Naftogaz and DTEK.
- U.S. Oil Rig Count Holds Steady, Gas Rigs Dip 🏗️
- The Baker Hughes report shows the U.S. oil rig count remains at 486, while total rigs dropped slightly to 592, with gas rigs down by one.
🚆 Other Events
- WWII Bomb Disrupts Eurostar Trains 💣
- Eurostar canceled all Paris-London trains after an unexploded WWII bomb was found near Gare du Nord, prompting police to secure the area.
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