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  • Mar 13, 2025

Bank of France Chief Says Trump Economic Policy Is a ‘Tragedy’

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureFrance’s central bank chief slammed Donald Trump’s policies as a “tragedy” for the world’s

  • Mar 13, 2025

Morgan Stanley’s Dim US Dollar Outlook Gets Darker as Economic Risks Mount

(Bloomberg) -- The dollar is already having its worst start to a year since the global financial crisis triggered a US recession, and Morgan Stanley & Co. sees more trouble ahead for the currency as fears about the health of the economy grow.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY Refor

  • Mar 13, 2025

Why Sweetgreen (SG) Stock Is Falling Today

Shares of casual salad chain Sweetgreen (NYSE:SG) fell 6.4% in the afternoon session after markets remained anxious about the negative impact of tariffs, with concerns intensifying following new updates from the Trump administration. Treasury Secretary Scott Bessent noted on CNBC, "We're focused on the real economy.... I'm not concerned about a little bit of volatility over three weeks." Adding to the concerns, President Trump announced on Truth Social that his administration was considering imp

  • Mar 13, 2025

Why Amazon (AMZN) Stock Is Down Today

Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 3.3% in the afternoon session as markets remained anxious about the negative impact of tariffs, with concerns intensifying following new updates from the Trump administration. Treasury Secretary Scott Bessent noted on CNBC, "We're focused on the real economy.... I'm not concerned about a little bit of volatility over three weeks." Adding to the concerns, President Trump announced on Truth Social that his administratio

  • Mar 13, 2025

Why BeautyHealth (SKIN) Stock Is Trading Lower Today

Shares of skincare company BeautyHealth (NASDAQ:SKIN) fell 11.7% in the afternoon session after the company reported underwhelming fourth-quarter results: its full-year revenue guidance missed significantly, disappointing investors. What stood out was BeautyHealth's sharp improvement in profitability, with adjusted EBITDA jumping nearly threefold year-over-year to $9 million. Despite this, sales declined 14% compared to the previous year, mainly due to a slowdown in delivery system sales, partic

  • Mar 13, 2025

3 Beaten-Down Cryptos That Aren't Worth Buying on the Dip

Three beaten-down cryptos to avoid for now are Cardano (CRYPTO: ADA), Dogecoin (CRYPTO: DOGE), and Litecoin (CRYPTO: LTC). On March 2, President Donald Trump mentioned Cardano in a single Truth Social post about the potential creation of a national crypto strategic reserve, and the price of Cardano shot through the roof for a huge one-day gain. On March 6, the reserve morphed into the U.S. Digital Asset Stockpile, and there's no longer any guarantee that the U.S. government will be buying Cardano.

  • Mar 13, 2025

Trump policy 'a tragedy for the American economy,' French central banker says

President Donald Trump's administration is inflicting more damage on the U.S. economy with its policies than on the rest of the world, France's central bank head said on Thursday. "It's a shock for the world economy, but even more so for the American economy," Villeroy said at a conference at the German embassy in Paris with his German counterpart. "It's firstly a tragedy for the American economy," he added.

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