Dogecoin tanks as global crypto market drops to $2.7 trillion
Despite gaining renewed prominence under the Trump administration, the memecoin has seen its value plummet recently.
Bitcoin’s slide has traders hedging against a drop to $70,000
(Bloomberg) -- With the so-called Trump bump fading across markets, Bitcoin options are showing that investors and traders are hedging against a decline in the cryptocurrency to levels last seen just after election day. Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC
Oil Dips to New 2025 Low as Market Digests Trump Trade Blitz
(Bloomberg) -- Oil slipped to a new low for the year as US President Donald Trump blitzed markets with a slew of conflicting announcements on trade. Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Crisis EasesWest Texas Inter
Australia clears Qatar-Virgin deal to spur competition in aviation market
Australia on Thursday approved Qatar Airways buying a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a challenge for national flag carrier Qantas that has long dominated Australian air routes. Qatar Airways in October proposed to buy the minority stake for an undisclosed amount after the federal government in 2023 denied the Middle Eastern carrier's requests to fly additional services into Sydney, Melbourne, Brisbane and Perth. Treasurer Jim Chalmers said the deal is expected to boost competition in the aviation sector and follows extensive talks by the government with industry, unions and other stakeholders.
Why Steven Madden (SHOO) Stock Is Down Today
Shares of shoe and apparel company Steven Madden (NASDAQ:SHOO) fell 8.4% in the afternoon session after the company reported weak fourth quarter 2024 results. Its EPS and full-year EPS guidance fell short. On the other hand, Steven Madden blew past analysts' revenue and EBITDA expectations this quarter. Looking ahead, management remains cautious about macroeconomic headwinds, particularly the impact of new tariffs, but expects its pending acquisition of Kurt Geiger to be a meaningful growth driv
National Vision (EYE) Stock Trades Up, Here Is Why
Shares of optical retailer National Vision (NYSE:EYE) jumped 21.7% in the pre-market session after the company reported strong fourth quarter 2024 results: Revenue beat slightly, and EPS was just in line. New store openings and higher average ticket prices drove sales, although lower online sales and store closures offset some gains. Looking ahead, National Vision's full-year guidance was a bright spot, with both revenue and EPS outlook surpassing Wall Street's expectations. This outlook is lif
Why ON24 (ONTF) Stock Is Nosediving
Shares of virtual events software company (NYSE:ONTF) fell 6.8% in the afternoon session after the company reported weak fourth quarter 2024 results: its full-year EPS guidance missed significantly and its EPS guidance for next quarter also fell short of Wall Street's estimates. Sales declined 6.8% year on year, reflecting lower demand for its virtual conference products. On the other hand, ON24 blew past analysts' EBITDA expectations this quarter, and next year's revenue guidance was robust. Ov
Why Arhaus (ARHS) Stock Is Nosediving
Shares of luxury furniture retailer Arhaus (NASDAQ:ARHS) fell 8.4% in the afternoon session after the company reported weak fourth-quarter 2024 results: its full-year EBITDA guidance missed significantly and its EBITDA guidance for next quarter fell short of Wall Street's estimates. Revenue growth was flat and comparable sales declined by 6.4%, reflecting weaker consumer demand. On the other hand, Arhaus beat analysts' EBITDA expectations this quarter and its gross margin outperformed Wall Stre
Traders Expect a Big Nvidia Stock Move After Earnings—Here's How Much
Nvidia options pricing on Wednesday afternoon suggested traders expect shares to move roughly $10, or about 8%, in either direction around Wednesday’s earnings, which would be the stock's biggest post-earnings move since May.
Why Is Masimo (MASI) Stock Soaring Today
Shares of medical tech company Masimo (NASDAQ:MASI) jumped 11.6% in the afternoon session after the company reported impressive fourth-quarter 2024 results, which beat analysts' revenue and EPS expectations. Sales grew 9% year on year, fueled by broad based demand. In addition, its full-year EPS guidance outperformed Wall Street's estimates by a wide margin. Zooming out, we think this was a solid quarter.