State known for college basketball powerhouses moves to hold Bitcoin
The North Carolina Senate saw the introduction of a bill that mandates the State Treasurer to allocate up to 10% of public funds to Bitcoin.
European Stocks Edge Higher With Focus on Fed’s Rate Decision
(Bloomberg) -- European stocks gained for a fourth straight day as investors weighed progress on a potential ceasefire in Ukraine. Their focus will turn to the Federal Reserve’s interest-rate decision later today.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on th
Trump’s tariffs and policies are putting America’s economy at risk: Consumer Technology Association CEO
Higher tariffs are already creating “cost shocks” for businesses, which for many will be passed on to consumers.
Market Likely to Endure Deeper Selloffs Before Support From Trump, Fed
(Bloomberg) -- While there is little sign yet of a bear market despite a gradual shift higher in volatility, investors looking for support from Donald Trump or the Federal Reserve may have to endure deeper selloffs. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on
Wallet Infrastructure Provider Privy Raises $15M to Develop Crypto Onboarding Rails
The company said the investment takes its total funding to over $40 million
Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decision
U.S. stocks climbed Wednesday after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are. Wall Street also got a boost from easing yields in the bond market. The Dow Jones Industrial Average added 383 points, or 0.9%, and the Nasdaq composite rose 1.4%.
Boeing Stock Surges on Japan Airlines Order, CFO Comments on Tariffs, Cash Burn
Boeing shares jumped Wednesday after Japan Airlines announced that it has ordered 17 new 737-8 aircraft from the plane maker.
Why Robinhood (HOOD) Stock Is Trading Up Today
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 5.7% in the morning session after Compass Point initiated coverage of the stock and assigned a Buy rating with a $61 price target. The target price implied a potential 45% upside from where shares traded before the coverage was initiated. The firm added "We initiate coverage on HOOD with a Buy rating and $61 PT. We see Robinhood increasing ARPUs for its 12m crypto users alongside an improving U.S. regulatory environment."
Why Tesla (TSLA) Stock Is Trading Up Today
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4.2% in the pre-market session after Cantor Fitzgerald analysts upgraded the stock from Neutral to Buy. The analysts added, "With Tesla's shares now down ~45% YTD, we upgrade Tesla to Overweight (from Neutral) ahead of upcoming material catalysts; Our $425 12-month PT is unchanged."
Why Boeing (BA) Stock Is Trading Up Today
Shares of aerospace and defense company Boeing (NYSE:BA) jumped 7% in the morning session after CFO Brian West provided constructive updates about the company's financial position at an investor conference. He added that the business was "broadly tracking to expectations" with the March 2025 delivery of 787 jets similar to the previous month. These updates suggested that the company's operations may be stabilizing.