News

"He wants lower rates. He is not calling for the Fed to lower rates," the Treasury Secretary said this week.

Diversified solutions provider Matthews International (NASDAQ:MATW) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 10.7% year on year to $401.8 million. Its non-GAAP profit of $0.14 per share was 37.8% below analysts’ consensus estimates.

(Bloomberg) -- A heightened sense of risk and opportunity is building in Japanese markets on Friday as Prime Minister Shigeru Ishiba prepares for his first meeting with President Donald Trump.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresHow London’s Taxi Drivers Navig

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, a 10% jump compared to the same period in 2023. Profits came out to $20 billion while earnings per share reached $1.86, higher than the $1.49 that analysts surveyed by FactSet had anticipated.

Investors are braced for a busy day of earnings, with Amazon serving as the highlight.

Strategy, formerly MicroStrategy, has accumulated $46 billion worth of Bitcoin since 2020.

(Bloomberg) -- Federal Reserve Bank of Dallas President Lorie Logan said interest rates may already be near a neutral level, potentially obviating the need for further cuts even if inflation continues to cool. Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesHow London’s Taxi Drivers Navigate the City Without GPSState Farm Seeks

Despite this week's market dip, analysts see price growth looming on the horizon, as pro-crypto policies emerge.

Lower construction spending on data centers because of DeepSeek could negatively impact heavy equipment stocks like Caterpillar, JPMorgan said.

Trump embraced digital assets during his campaign, promising to make the U.S. the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. The Securities and Exchange Commission, which had long attempted to block ETFs from investing in bitcoin citing investor protection concerns, approved bitcoin and ether ETFs last year.