BDIC unveils crypto insurance platform
BDIC outlined plans for expansion into South East Asia by Q4 2025, with the aim of offering wider Asia-Pacific coverage by 2026.
Lithia (NYSE:LAD) Surprises With Q4 Sales, Stock Soars
Automotive retailer Lithia Motors (NYSE:LAD) announced better-than-expected revenue in Q4 CY2024, with sales up 20.2% year on year to $9.22 billion. Its non-GAAP profit of $7.79 per share was 8.2% above analysts’ consensus estimates.
68% of Crypto Investors Think Bitcoin Will Hit $200,000 in 2025. Here's Why They May Be Wrong.
In the past five- and 10-year periods, the world's top digital asset has rocketed 840% and 44,020% higher, respectively, even though it trades about 12% below its peak of $109,000 reached in late January (as of Feb. 11). Here's why those who believe a $200,000 price target is likely in 2025 might be wrong.
Kraft Heinz (NASDAQ:KHC) Reports Sales Below Analyst Estimates In Q4 Earnings
Packaged foods company Kraft Heinz (NASDAQ:KHC) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 4.1% year on year to $6.58 billion. Its non-GAAP profit of $0.84 per share was 7.8% above analysts’ consensus estimates.
Dogecoin Leads Market Slide as Bitcoin Traders Monitor Dollar Positioning
Some traders expect a dollar unwind on any indications of a rate cut — which could bump risk assets and provide an entry for crypto investors looking to bet on higher prices.
Denny's (NASDAQ:DENN) Misses Q4 Sales Targets
Diner restaurant chain Denny’s (NASDAQ:DENN) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $114.7 million. Its non-GAAP profit of $0.14 per share was 8.6% below analysts’ consensus estimates.
Traders’ Bets on Higher US Rates Face Crucial Inflation Data
(Bloomberg) -- Traders who have been piling into wagers for higher US yields ever since last week’s jobs report will see their convictions tested with the latest inflation readings. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperTreasury yields remained higher on Wednesday after steadily climbing in the wake of data Friday
‘Taking stock’: BofA and JPMorgan execs weigh in on Trump 2.0
While Bank of America CEO Brian Moynihan called the recent regulatory shift “classic re-engineering,” one peer exec said the changes “are taking all the oxygen in the room.”
Inflation report expected to show U.S. price growth remains elevated, posing challenge to Trump
The final inflation report covering the Biden administration is expected to show President Donald Trump inheriting an unfavorable inflation situation.
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed multiple rounds of sanctions on ships and entities dealing with oil from Iran and Russia since October, disrupting trade with major importers China and India. U.S. President Donald Trump last week restored his "maximum pressure" campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon.