Fed drops enforcement action against Lake Shore Savings Bank
The central bank terminated its enforcement action last week, about three months after the Office of the Comptroller of the Currency dropped its consent order against the lender.
Michael Saylor-Fueled Crypto Complex Gets Bigger With Debt ETF
(Bloomberg) -- By courting retail daredevils and opportunistic hedge funds alike, Michael Saylor has outwitted his Wall Street skeptics to build up a Bitcoin empire, helping create a whole new crypto-investment complex along the way.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspec
Wall Street Goes All In on Great Crypto Comeback Fueled by Trump
(Bloomberg) -- It was only three years ago that a dispute between an infamous crypto billionaire and a titan of the financial establishment became the center of attention at an annual event known as the Davos of the derivatives market.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProsp
German stocks, euro rally as German parties agree on historic debt deal
German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing just days ahead of a parliamentary vote next week, Reuters reported, citing a source close to the negotiations. The euro also strengthened and was last up 0.5% at $1.0904,, while Germany's 10-year bond yield, rose 7 basis points to 2.93%. Bond markets have generally been of the view that the package will be approved and hence 10-year Bund yields have not retracted at all after the sharp increase last week.
Applied Optoelectronics Stock Soars on Amazon Deal Giving Option to Buy Shares
Shares of Applied Optoelectronics are surging more than 50% in premarket trading after the optical products maker said it had struck a deal with Amazon that gives the tech giant the right to buy almost 8 million shares of its stock.
How to tell if the market selloff has hit bottom
It doesn’t quite feel like it’s time to buy just yet. But here are three tests to help you decide.
Morning Bid: Shutdown reprieve could offer S&P 500 relief
It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines. * U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. * Top U.S. Senate Democrat Chuck Schumer on Thursday said he would vote to advance a Republican stopgap funding bill, signaling that his party would provide the votes to avert a government shutdown.
Gold's Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse
Gold rallies on strong ETF inflows, geopolitical uncertainty, and market volatility.
WideOpenWest (NYSE:WOW) Misses Q4 Revenue Estimates, But Stock Soars 9.4%
Broadband and telecommunications services provider WideOpenWest (NYSE:WOW) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.6% year on year to $152.6 million. On the other hand, the company expects next quarter’s revenue to be around $148 million, close to analysts’ estimates. Its GAAP loss of $0.13 per share was 14.5% above analysts’ consensus estimates.