Wall Street-Backed Crypto Exchange EDX Markets Adds 17 New Cryptocurrencies, Including XRP, SOL, Trump Coin
The expansion significantly broadens trading options for users, reflecting a friendlier regulatory environment in the U.S.
BP to abandon green energy target and ramp up oil
BP will this week abandon plans to radically increase green energy generation and instead ramp up oil production, according to reports.
Bybit’s $1.4B crypto hack could be an angel in disguise for Ethereum
Bybit’s $1.4 billion hack, the largest in crypto history, might have unexpected implications for Ethereum. As the exchange moves to recover, could this be a bullish catalyst for ETH?
Mexico Inflation Ticks Higher in Line With Banxico Forecasts
(Bloomberg) -- Mexico’s annual inflation accelerated roughly in line with economists’ forecasts in early February, holding near the central bank’s estimates and keeping chances of a sixth straight interest rate cut in play.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congesti
Hedge funds exit tech, media stocks at fastest pace in six months, Goldman Sachs says
Hedge funds exited U.S. tech and media stocks in the two weeks to February 21 at the fastest pace in six months, according to Goldman Sachs, just as Nvidia, one of the biggest tech firms by market capitalisation, readies to report earnings. Nvidia's profit report this week is seen as a bellwether of the burgeoning artificial intelligence (AI) industry. Speculators "aggressively" dumped both long and short positions in AI-related equipment, media, and communications equipment companies, according to a note sent to Goldman Sachs clients on Friday.
Lincoln Educational (NASDAQ:LINC) Delivers Strong Q4 Numbers, Guides for Strong Full-Year Sales
Education company Lincoln Educational (NASDAQ:LINC) announced better-than-expected revenue in Q4 CY2024, with sales up 16.4% year on year to $119.4 million. The company’s full-year revenue guidance of $485 million at the midpoint came in 3.4% above analysts’ estimates. Its GAAP profit of $0.22 per share was 5.7% below analysts’ consensus estimates.
US Treasury market utilities set to expand cross-margining this year
Two U.S. Treasury market utilities are set to roll out new rules by the end of this year that will determine the amount of leverage hedge funds and other investors can deploy in trades, a step that could counterbalance rising transaction costs stemming from upcoming clearing requirements. The Depository Trust and Clearing Corporation (DTCC), a market infrastructure company, and futures exchange operator CME Group last year launched an enhanced cross-margining arrangement for clearing members that trade and clear both U.S. Treasury securities and CME Group interest rate futures. It would become available as Treasury market participants prepare for new rules introduced by the Securities and Exchange Commission in 2023 aimed at reducing systemic risk in the $28.5 trillion Treasuries market by forcing more trades through clearing houses.
Chevron Is Essential to Venezuela’s Economy — and Trump Knows It
(Bloomberg) -- One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthThe Hou
Nasdaq, S&P 500 fall as AI caution weighs on tech, Nvidia results in focus
The Nasdaq Composite fell more than 1% on Monday, with big technology stocks creating the biggest drag as investors worried about demand for technology supporting artificial intelligence while they waited for results from market heavyweight Nvidia. The S&P 500 closed slightly lower, marking its third straight day of declines, while the Dow managed to eke out a tiny gain. It was also Nasdaq's third consecutive loss and its fourth daily drop of more than 1% so far in February.
Trump’s China Order Interrupts Rally in Emerging-Market Stocks
(Bloomberg) -- Emerging-market stocks fell on Monday, after posting the longest streak of weekly gains since 2020, as President Donald Trump’s latest executive order deepened investor concerns over the economic showdown between the US and China. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fir