Bitcoin smashes past $90K while XRP futures and Ripple’s stablecoin make waves
BTC surged past $90K this week, but can it hold? Gold also hit a record high amid global tariff tensions.
Powell Attempts Balancing Act as Trump Tests Fed’s Autonomy
(Bloomberg) -- Subscribe to Economics Daily for the latest news and analysis.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesThe Racial Wealth Gap Is Not Just About MoneyBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisTo Fuel Affordable Housing, This Innovation Fund Targets Predevelopment CostsDonald Trump’s second term has begun with a renewed determination to curb the Federal Reserve’s
Data restrictions threaten economic growth, LSEG chief says
David Schwimmer, chief executive officer of the London Stock Exchange Group, said the flow of data around the world should be as big a concern as the flow of goods.
Semafor World Economy Summit: Views from policymakers and CEOs on the future of global energy
UK Chancellor Rachel Reeves and FTC head Andrew Ferguson are among those discussing the future of global energy at Semafor’s World Economy Summit.
US Treasuries Rally as Worries Over Trump Tariffs and Fed Ease
(Bloomberg) -- Long-maturity Treasury yields declined Wednesday as part of a broader rally in dollar-denominated risk assets, after US President Donald Trump said he wasn’t inclined to fire the head of the Federal Reserve and suggested tariffs on Chinese imports could drop.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesThe Racial Weal
Why Boston Scientific (BSX) Stock Is Up Today
Shares of medical device company Boston Scientific (NYSE:BSX) jumped 8.5% in the pre-market session after the company reported first quarter 2025 results that beat analysts' sales and EPS expectations. Organic sales growth topped the company's own forecast and was led by a 25.6% surge in its Cardiovascular segment, a signal that demand in its largest business is accelerating. Looking ahead, its revenue guidance for next quarter exceeded Wall Street's estimates. Overall, we think this was a decen
Why Is Boeing (BA) Stock Soaring Today
Shares of aerospace and defense company Boeing (NYSE:BA) jumped 7.2% in the morning session after the company reported impressive first-quarter 2025 results, which significantly blew past analysts' EBITDA and EPS expectations, signaling improved profitability.
Why Otis (OTIS) Stock Is Trading Lower Today
Shares of elevator manufacturer Otis (NYSE:OTIS) fell 6.2% in the morning session after the company reported underwhelming first-quarter 2025 results. Its organic revenue in the quarter fell short of Wall Street's estimates. Revenue was just in line but EPS beat. Looking ahead, Otis lifted full-year revenue guidance, and the updated figure slightly beat analysts' expectations. Overall, this was a mixed yet weaker quarter.
Why Tesla (TSLA) Stock Is Trading Up Today
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.9% in the morning session after CEO Elon Musk announced plans to limit his involvement at the Department of Government Efficiency, suggesting a shift in focus toward his business ventures, especially Tesla. Musk added during the Q1 2025 earnings, "I think starting probably in next month, May, my time allocation to DOGE will drop significantly."
Amphenol (APH) Stock Trades Up, Here Is Why
Shares of electrical connector manufacturer Amphenol (NYSE:APH) jumped 12.1% in the morning session after the company reported impressive first-quarter 2025 results, which blew past analysts' revenue and EPS expectations. Sales jumped 48% year on year on a reported basis, and every business unit contributed, with the Communications Solutions segment doubling sales. Looking ahead, its EPS guidance for next quarter outperformed Wall Street's estimates by a wide margin. Zooming out, we think this q