The AI trade continued to falter on Monday, with Nvidia stock slumping into bear territory. Equities nosedived after President Trump reiterated plans for a 25% tariff on Canadian and Mexican imports starting tomorrow.
(Bloomberg) -- Euphoria in digital-asset markets stemming from Donald Trump’s plans for a strategic crypto reserve turned to skepticism on Monday, triggering early losses in cryptocurrencies that worsened throughout the day as investors braced for the US to impose 25% tariffs on Mexico and Canada.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Bu
Shares in BAE Systems, Rheinmetall and Leonardo all added to strong gains this year on Monday amid expectations of rising European defense spending.
OKX CMO Haider Rafique describes the exchange as a "super app for crypto," offering both centralized and decentralized tools in one platform.
Diagnostics company Guardant Health (NASDAQ:GH) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 30.2% year on year to $201.8 million. Its GAAP loss of $0.90 per share was 12.4% below analysts’ consensus estimates.
The U.S. stock market has turned lower as well ahead of coming tariffs against major trade partners.
The president's AI and crypto czar says he's sold his crypto positions, but questions still remain about his other investments.
So far this year, European equities have outperformed U.S. stocks by the widest margin since 2000 amid optimism about a stabilizing economy, and the prospect of increased fiscal stimulus and an end to war in Ukraine.
Shares of digital media measurement and analytics provider DoubleVerify (NYSE:DV) jumped 10.4% in the afternoon session after the stock rebounded from its large post-earnings drop as Bank of America upgraded its rating from Sell to Hold, citing limited downsides, given the combination of "conservative guidance, forthcoming product cycles, and a duopoly position in the ad verification market." The large post-earnings drop is likely spurring some investors to look at the name and re-assess at the
(Bloomberg) -- Federal Reserve Bank of St. Louis President Alberto Musalem said that while he anticipates price growth to moderate toward the central bank’s 2% goal, it is vital for policymakers to keep inflation expectations in check.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Jo
