• Feb 03, 2025

US Oil Outpaces Global Price Gains as Tariffs Menace Supply

(Bloomberg) -- The US crude benchmark outpaced gains in other oil markets after President Donald Trump announced tariffs that threaten flows from two of America’s biggest foreign suppliers.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevator Faces Last Stop in Labour’s Ho

• Feb 03, 2025

Napco (NASDAQ:NSSC) Misses Q4 Revenue Estimates, Stock Drops

Electronic security systems manufacturer Napco Security Technologies (NASDAQ:NSSC) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.7% year on year to $42.93 million. Its GAAP profit of $0.28 per share was 16.7% below analysts’ consensus estimates.

• Feb 03, 2025

US Stock Futures Drop as Trump Implements Tariffs

U.S. stock futures are tanking after the Trump administration imposed tariffs on goods from Mexico, Canada, and China that are due to take effect Tuesday.

• Feb 03, 2025

Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected

Your day-ahead look for Feb. 3, 2025

• Feb 03, 2025

Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected

Your day-ahead look for Feb. 3, 2025

• Feb 03, 2025

Peter Schiff mocks Bitcoin’s 7% drop — ‘Punxsutawney Phil was right’

Peter Schiff mocks Bitcoin’s 7% drop, comparing it to Punxsutawney Phil’s winter prediction. He calls it a "crypto winter" as markets tumble.

• Feb 03, 2025

THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending

TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.

• Feb 03, 2025

Goldman Sachs flags up to 3% hit to its S&P 500 earnings forecasts from Trump's tariffs

Trump imposed hefty new tariffs of 25% over the weekend on imports from Mexico and Canada and 10% against China, saying this could cause "short-term" pain for Americans. "These announcements have come as a shock to many investors who expected tariffs would only be imposed if trade negotiations failed," the Wall Street brokerage said in a note dated Feb. 2. Goldman Sachs estimates that every 5-percentage-point increase in the tariff rate would lower the S&P 500's earnings per share by roughly 1% to 2%.

• Feb 03, 2025

Global hedge funds dump everything but real estate stocks, says Goldman Sachs

Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs, just before U.S. President Trump announced tariffs that sent global markets tumbling.

• Feb 03, 2025

Markets unnerved by 'Tariff Man'

Investors fled from stocks and rushed to dollars in Monday trading in Europe and Asia, as they scrambled to process the consequences of President Donald Trump putting larger-than-expected tariffs on top U.S. trading partners. In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday. It's not as if investors didn't know that Trump, the self-proclaimed "tariff man", liked the idea of imposing tariffs.