Experts have identified some potential economic benefits, as well as big risks, from President Donald Trump's mass firing of federal workers.
Stock market today: S&P 500 notches record close with late-session leap
Stocks tipped higher to start a holiday-shortened week of trading highlighted by Fed minutes and Walmart earnings.
Michael Saylor predicts $13 million for Bitcoin by 2045 — But is it possible?
Michael Saylor predicts Bitcoin will reach $13 million by 2045, requiring a 29% annual return and a $280 trillion market cap. Can BTC absorb enough global wealth to make it possible?
Quiet diesel market awaits potential tariff impacts on Canadian oil
Oil markets have been quiet, but the impact of potential tariffs on Canada and Mexico is on the horizon. The post Quiet diesel market awaits potential tariff impacts on Canadian oil appeared first on FreightWaves.
S&P 500 Hits All-Time High in Late-Day Advance: Markets Wrap
(Bloomberg) -- A rally in chipmakers drove stocks to all-time highs, while US-Russia talks raised hopes of an end to the war in Ukraine.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe S&P 500 topped its January record.Equities have been stuck in a narrow
As Elon Musk questions Fort Knox's gold, crypto voices say 'Bitcoin fixes this'
Wyoming Senator Cynthia Lummis trumpeted a Bitcoin reserve over a gold reserve: "A Bitcoin reserve could be audited anytime."
Saylor’s Strategy to raise another $2 billion for bitcoin
(Bloomberg) -- Michael Saylor’s Strategy plans to offer $2 billion of convertible debt in a private offering, extending the self-styled Bitcoin treasury company’s unconventional fundraising strategy. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe firm, w
Morning Bid: Rate decisions roll in, markets hold firm at highs
Two interest rate decisions and Chinese house prices top the Asia-Pacific calendar on Wednesday, with markets still pretty buoyant even as investors navigate the increasingly powerful crosscurrents of global trade and geopolitical uncertainty. When it comes to U.S. monetary policy, the Federal Reserve is adopting a similar stance too. The Reserve Bank of New Zealand on Wednesday is expected to lop another 50 basis points off borrowing costs to counter slowing growth, while Bank Indonesia is set to hold rates to shore up the weak exchange rate, according to Reuters polls.
Perdoceo Education (NASDAQ:PRDO) Surprises With Q4 Sales
Higher education company Perdoceo Education (NASDAQ:PRDO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 19.3% year on year to $176.4 million. Its non-GAAP profit of $0.50 per share was 4.2% above analysts’ consensus estimates.
Bel Fuse (NASDAQ:BELFA) Beats Expectations in Strong Q4, Stock Soars
Electronic system and device provider Bel Fuse (NASDAQ:BELFA) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7% year on year to $149.9 million. On top of that, next quarter’s revenue guidance ($149 million at the midpoint) was surprisingly good and 14.4% above what analysts were expecting. Its GAAP loss of $0.14 per share was significantly below analysts’ consensus estimates.