4 Unanswered Questions About Trump’s Crypto Reserve
Donald Trump’s bombshell message Sunday set off shockwaves in the crypto community. There’s a lot we don’t know.
ThredUp (NASDAQ:TDUP) Misses Q4 Sales Targets
Online fashion resale marketplace ThredUp (NASDAQ:TDUP) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 17.4% year on year to $67.27 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $68.5 million at the midpoint, or 4.7% above analysts’ estimates. Its GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates.
Okta (NASDAQ:OKTA) Exceeds Q4 Expectations, Stock Jumps 11.2%
Identity management software maker Okta (OKTA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 12.7% year on year to $682 million. Guidance for next quarter’s revenue was better than expected at $679 million at the midpoint, 1.3% above analysts’ estimates. Its non-GAAP profit of $0.78 per share was 6% above analysts’ consensus estimates.
Mexico’s Star Economy Dreams Crumble Under Donald Trump’s Tariff Threats
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.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 Joins Global Stadium Race With New $4 Billion Sports ParkOnly a couple years ago, manufacturers were fighting for space to relocate their operations
Nvidia Stock Leads AI Selloff as Trump Tariffs Shake Wall Street
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.
Crypto Prices Sink on Trump Reserve Skepticism, Tariff Concerns
(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
European defense stocks soar as leaders rally around Ukraine
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: ‘A super app for crypto’ that lets users put their portfolio to work
OKX CMO Haider Rafique describes the exchange as a "super app for crypto," offering both centralized and decentralized tools in one platform.
Guardant Health’s (NASDAQ:GH) Q4: Beats On Revenue
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.
Major U-Turn in Crypto Markets Sends Bitcoin Back Below $87K
The U.S. stock market has turned lower as well ahead of coming tariffs against major trade partners.