Trump goes after Federal Reserve’s Powell again
President Donald Trump said Wednesday that Federal Reserve Chair Jerome Powell has kept interest rates too high and that he might call the central bank chief.
This data center firm just gave fresh hope for the AI trade — and its stock is soaring
The data center stock shot up after posting better-than-expected earnings and guidance.
XRP Is Rising Today -- Is the Cryptocurrency a Buy?
XRP (CRYPTO: XRP) is moving higher thanks to some positive-looking developments on the macroeconomic front and a potential coin-specific catalyst trading. The cryptocurrency's token price was up 2.4% over the previous 24 hours of trading as of 5:45 p.m. ET. After comments from President Donald Trump yesterday indicating that tariffs on Chinese products would come down substantially, Reuters reported today that the administration was open to lowering import taxes on the country's goods from 145% to between 50% and 65%.
A bunch of Wall Street analysts just cut their stock-price targets for Tesla after earnings
Tesla's latest earnings were a mixed bag of good and bad news, Wall Street analysts said. A slew of major banks cut price targets after the results.
Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M
The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices
Fed's Hammack sees more runway for Fed balance sheet cuts
NEW YORK (Reuters) -Conditions still support ongoing reductions in the Federal Reserve's balance sheet, Cleveland Fed President Beth Hammack said on Wednesday, as she also noted that amid great uncertainty now is not the time to change monetary policy. Hammack, at a meeting of the Money Marketeers of New York University, spoke at length on her views on the Fed's balance sheet. "We still appear to have more than enough reserves in the system so that active management isn't needed," Hammack said.
Wall Street's 'strongest signal yet': Bitcoin ETFs haul in nearly $1 billion
Collectively, Bitcoin ETFs in the U.S. now have $108.16 billion in assets under management.
Penumbra’s (NYSE:PEN) Q1 Sales Beat Estimates, Stock Soars
Medical device company Penumbra (NYSE:PEN) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 16.3% year on year to $324.1 million. The company expects the full year’s revenue to be around $1.35 billion, close to analysts’ estimates. Its non-GAAP profit of $0.83 per share was 24.4% above analysts’ consensus estimates.
Churchill Downs (NASDAQ:CHDN) Posts Q1 Sales In Line With Estimates
Racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 8.7% year on year to $642.6 million. Its non-GAAP profit of $1.07 per share was 3.5% above analysts’ consensus estimates.
Texas Instruments Stock Climbs on Better-Than-Expected Earnings, Outlook
Texas Instruments posted better-than-expected earnings for the first quarter and issued a strong outlook, sending shares higher in extended trading Wednesday.