The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.
Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters
(Bloomberg) -- President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as the eastern Gulf of Mexico.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYC Congestion Pricing Takes Effect After Years of DelaysNYPD Seeking Gunmen After 10 People Wounded Outside
Nuclear stocks jump in the new year as bullish analysts see the AI boom powering the sector
Constellation Energy's $1 billion deal with the US government is a positive sign for further nuclear deals to power AI data centers in 2025, analysts say.
Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup
Crypto-friendly billionaire Elon Musk is known for his cryptic social media posts. This time, his online activity triggered a dramatic pump-and-dump of cryptocurrency.
Minimum wage just went up in these 21 states
Workers across 21 states welcomed the new year by seeing their hourly minimum wages rise.
S&P Global price target lowered to $580 from $590 at Oppenheimer
Oppenheimer lowered the firm’s price target on S&P Global to $580 from $590 and keeps an Outperform rating on the shares as part of a Q4 earnings preview. The weak Q4 issuance expectation didn’t appear to materialize, and Opco’s proprietary tracker indicates that issuance bettered expectations, the analyst tells investors in a research note. The firm forecast that S&P Global’s and Moody’s Q4 Ratings revenues grew 13% and 22% year-over-year, respectively, higher than the consensus estimates of 11
Tractor Supply target adjusted for stock split at Evercore ISI
Evercore ISI lowered the firm’s price target on Tractor Supply (TSCO) to $58 from $290 and keeps an In Line rating on the shares as the firm adjusted its target to reflect the 5-for-1 stock split that occurred on December 20. The firm made no changes to any of its financial assumptions or outlook based on the adjustment to the share count, the analyst noted. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommen