• Feb 28, 2025

Why Bitcoin, Ethereum, and Dogecoin Crashed and Bounced Back Today

The crypto market went into a tailspin over the 24 hours before a sharp recovery midday Friday as investors begin to wonder how healthy the economy is and if the high valuations for risky assets are justified. Despite being sold as a hedge against inflation and the economy, crypto traded like a growth stock, and that's become a headwind in 2025. As of 2:00 p.m. ET, Bitcoin (CRYPTO: BTC) is flat over the previous 24 hours, but it earlier fell over 6% and broke below $80,000; Ethereum (CRYPTO: ETH) is off 4% but was down as much as 9.7% at midday; and Dogecoin (CRYPTO: DOGE) has fallen as much as 12.5% before recovering to a 3.9% loss.

  • Feb 28, 2025

Bitcoin Reserve Is Likely to Come First From States, Senator Lummis Says

(Bloomberg) -- Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong

  • Feb 28, 2025

Why Verra Mobility (VRRM) Stock Is Trading Lower Today

Shares of traffic solutions company Verra Mobility (NYSE:VRRM) fell 12.2% in the morning session after the company reported mixed fourth quarter 2024 results as its EBITDA forecast came in a little shy of expectations. Despite this, revenue increased 5% year-on-year, driven by strong demand in the Commercial Services and Government Solutions segments, with travel-related tolling activity and automated traffic enforcement programs contributing to the gains​. However, the Parking Solutions segment

  • Feb 28, 2025

Why fuboTV (FUBO) Stock Is Down Today

Shares of live sports and TV streaming service fuboTV (NYSE:FUBO) fell 22.2% in the morning session after the company reported weak fourth-quarter results, with next-quarter revenue guidance missing expectations and international subscriber numbers falling short of Wall Street's estimates. While revenue grew 8% year-on-year, this marked a slowdown from previous quarters due to weaker subscriber additions.

  • Feb 28, 2025

Why Ameresco (AMRC) Stock Is Trading Lower Today

Shares of energy and renewable energy projects company Ameresco (NYSE:AMRC) fell 32.9% in the afternoon session after the company reported weak fourth quarter results: its full-year EBITDA and revenue guidance fell short of Wall Street's estimates. On the other hand, Ameresco blew past analysts' EBITDA and its EPS outperformed Wall Street's estimates. Still, this was a weaker quarter.

  • Feb 28, 2025

Why Nextdoor (KIND) Stock Is Falling Today

Shares of neighborhood social network Nextdoor (NYSE:KIND) fell 32.5% in the afternoon session after the company reported weak fourth-quarter 2024 results: its number of weekly active users fell short of expectations, and revenue and EBITDA guidance for the next quarter missed Wall Street estimates, signaling a tougher road ahead. Revenue guidance reflects a decline in ad impressions as Nextdoor prioritizes product transformation over immediate monetization, while EBITDA guidance suggests a retu

  • Feb 28, 2025

Why PubMatic (PUBM) Stock Is Down Today

Shares of programmatic advertising platform Pubmatic (NASDAQ: PUBM) fell 24% in the morning session after the company reported weak fourth-quarter results: its revenue and EBITDA guidance for the next quarter fell short of Wall Street's estimates. On the other hand, PubMatic beat analysts' EPS and EBITDA expectations this quarter. We note that ad tech companies had weaker quarters in general, as both The Trade Desk and DoubleVerify missed on revenue and guided below for next quarter. PubMatic wa

  • Feb 28, 2025

Instant View: Wall Street shakes off Trump-Zelenskiy clash after dip

Zelenskiy is "not ready for Peace if America is involved," U.S. President Donald Trump said in a post on Truth Social on Friday, following a contentious meeting between the leaders in the Oval Office. The S&P 500 briefly dipped then rallied back to close 1.5% higher at 5,954.50.