KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure
The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said.
Oil Set for Weekly Drop as Trump Tariffs Outweigh Iran Sanctions
(Bloomberg) -- Oil headed for a third weekly decline as worries that President Donald Trump’s tariffs on China will sap demand outweighed his first round of sanctions against Iran.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeHow London’s Taxi Drivers Navigate the City Without GPSTransportation Memos Favor Places With Higher Bir
Traders see Fed cutting rates in June after jobs data
Traders of short-term interest-rate futures continue to bet the Federal Reserve will next cut its policy rate in June after a government report showed the U.S. unemployment rate was 4% last month. Traders also continue to see a second rate cut by the end of 2025 as more likely than not.
Bitcoin Tops $100K After U.S. Added Fewer Than Forecast Jobs in January
The unemployment rate fell to 4%, rather than holding steady at 4.1%.
Bitcoin struggles to break above $100,000 as fears weigh on price
Bitcoin continues to faces strong resistance levels as it approaches $100,000.
Do Trump tariffs make retail stocks totally untouchable?
The newly introduced trade tariffs on goods won't impact companies like Nike as much as a lack of inspiration, according to BMO Capital Markets analyst Simeon Siegel.
Mexico’s Inflation Slows More Than Expected After Rate Cut
(Bloomberg) -- Mexico’s inflation slowed more than expected in January, supporting the central bank’s decision to deliver a half-point cut to its benchmark interest rate and signal additional reductions of the same magnitude. Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSTra
Oil set for third straight weekly decline amid tariff concerns
LONDON (Reuters) -Oil prices rose on Friday after new sanctions were imposed on Iran's crude exports but were on track for a third straight week of decline, hurt by U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries. Brent crude futures were up 42 cents, or 0.6%, at $74.71 a barrel at 1300 GMT, but were poised to fall 2.6% this week. The U.S. Treasury said on Thursday it was imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to increase pressure on Tehran.
Byrna’s (NASDAQ:BYRN) Q4 Earnings Results: Revenue In Line With Expectations, Stock Soars
Non-lethal weapons company Byrna (NASDAQ:BYRN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 78.9% year on year to $27.98 million. Its GAAP profit of $0.41 per share was significantly above analysts’ consensus estimates.
Skechers Stock Tumbles on Weak Outlook, Concerns Over Trump Tariffs
Shares of shoe maker Skechers slumped 12% in premarket trading Friday following a disappointing outlook and the CEO's comments on the potential impact of tariffs.