Education company Lincoln Educational (NASDAQ:LINC) announced better-than-expected revenue in Q4 CY2024, with sales up 16.4% year on year to $119.4 million. The company’s full-year revenue guidance of $485 million at the midpoint came in 3.4% above analysts’ estimates. Its GAAP profit of $0.22 per share was 5.7% below analysts’ consensus estimates.
US Treasury market utilities set to expand cross-margining this year
Two U.S. Treasury market utilities are set to roll out new rules by the end of this year that will determine the amount of leverage hedge funds and other investors can deploy in trades, a step that could counterbalance rising transaction costs stemming from upcoming clearing requirements. The Depository Trust and Clearing Corporation (DTCC), a market infrastructure company, and futures exchange operator CME Group last year launched an enhanced cross-margining arrangement for clearing members that trade and clear both U.S. Treasury securities and CME Group interest rate futures. It would become available as Treasury market participants prepare for new rules introduced by the Securities and Exchange Commission in 2023 aimed at reducing systemic risk in the $28.5 trillion Treasuries market by forcing more trades through clearing houses.
Chevron Is Essential to Venezuela’s Economy — and Trump Knows It
(Bloomberg) -- One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthThe Hou
Nasdaq, S&P 500 fall as AI caution weighs on tech, Nvidia results in focus
The Nasdaq Composite fell more than 1% on Monday, with big technology stocks creating the biggest drag as investors worried about demand for technology supporting artificial intelligence while they waited for results from market heavyweight Nvidia. The S&P 500 closed slightly lower, marking its third straight day of declines, while the Dow managed to eke out a tiny gain. It was also Nasdaq's third consecutive loss and its fourth daily drop of more than 1% so far in February.
Trump’s China Order Interrupts Rally in Emerging-Market Stocks
(Bloomberg) -- Emerging-market stocks fell on Monday, after posting the longest streak of weekly gains since 2020, as President Donald Trump’s latest executive order deepened investor concerns over the economic showdown between the US and China. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fir
Kaito AI Token Surges 50% Post-Airdrop Amid Market Speculation
Kaito AI has experienced a significant 50% increase in price following its recent airdrop launch on Feb. 20.
Domino's stock slides after quarterly revenue, earnings miss Wall Street's estimates
Domino's investors are hoping 2025 turns around for the pizza giant.
Domino's (NASDAQ:DPZ) Misses Q4 Sales Targets, Stock Drops
Fast-food pizza chain Domino’s (NYSE:DPZ) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 2.9% year on year to $1.44 billion. Its GAAP profit of $4.89 per share was in line with analysts’ consensus estimates.
Bankers Predict Brazil’s Local Bond Market Will Shrink This Year
(Bloomberg) -- Brazil’s top capital-markets bankers are predicting a drop-off in local bond sales this year after a record 2024, as higher borrowing costs push companies to the sidelines.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in
Ethena Crypto Project Raises $100 Million to Fund Finance Foray
(Bloomberg) -- Ethena, a crypto project whose dollar-pegged coin has ballooned to become one of the biggest of its kind since its launch a year ago, has raised $100 million to help fund the introduction of a similar token aimed at traditional financial institutions. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre