BlackRock owns $47.4M in Bitcoin ETF, filing shows
The asset management film BlackRock has reported owning Bitcoin ETF shares worth $47.4 million as of Jan. 31, 2025
Canada Conservatives’ Tax-Shelter Plan Is Potential Boon for Toronto Stocks
(Bloomberg) -- An election promise by Canada’s Conservative Party that would allow individuals to avoid income taxes on some investments in domestic companies is being lauded in Toronto’s financial district.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Developers Stalled by Blocked Fede
These Car Stocks Could Feel the Most Pain Under Trump's Auto Tariffs
Shares of U.S. and international automakers tumbled on Thursday after President Trump declared a 25% tariff on imported vehicles and, eventually, auto parts.
Tesla is soaring after Trump's new tariffs while traditional auto stocks sink
"Tesla would be less exposed to tariffs as their production and assembly is all in the US."
GameStop shares tumble as investors question bitcoin pivot
Shares of GameStop fell more than 15% on Thursday after the company's plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business. The video game retailer's shares also gave up all their gains from a day earlier and were on track for their biggest one-day fall since last June, after the company said it was offering $1.3 billion in 0% 2030 convertible bonds to amass the cryptocurrency. However, GameStop also announced the closing of a "significant number" of additional stores this year, signalling that its retail business continued to flounder despite attempts to turn it around.
Trump's Pick to Run SEC Paul Atkins Promises New Crypto Stance, Gets Few Questions
Former SEC Commissioner Paul Atkins testified in a confirmation hearing beside Trump's OCC nominee, Jonathan Gould, though crypto wasn't a central topic.
Convicted crypto founder moved to Oklahoma facility
Sam Bankman-Fried, the convicted founder of the crypto exchange FTX, has been moved from the New York jail where he gave an interview to Tucker Carlson.
GameStop Tumbles on Plan to Issue Convertible Bonds to Buy Bitcoin
GameStop shares tumbled in intraday trading Thursday, a day after the video game retailer said it was planning to issue $1.3 billion in convertible bonds for general corporate purposes, including buying Bitcoin.
Fed Backstop Fears Could Threaten Dollar, Deutsche Bank Says
(Bloomberg) -- The withdrawal of a time-tested liquidity backstop offered by the Federal Reserve would represent the greatest risk to the dollar’s status as a reserve currency since the end of World War II, according to Deutsche Bank.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Develop
Lebanon appoints new central bank governor as it works to climb out of economic crisis
Lebanon appointed asset manager Karim Souaid to the post of central bank governor Thursday as the government tries to reform the economy after months of war and decades of mismanagement and corruption. The country's economy has been in crisis for five years and desperately needs reforms to unlock international aid, and on top of that, Israel’s 14-month war with Hezbollah caused what the World Bank estimates was $11 billion in damages and economic losses. The appointment was announced by Prime Minister Nawaf Salam, the International Court of Justice jurist who was named Lebanon’s premier in January following the election of President Joseph Aoun earlier that month.