• Apr 22, 2025

Morning Bid: Trump's Fed backflip sets off relief rally

Listening to President Trump on Tuesday, it's as if all the vitriol towards Fed boss Jay Powell - the threats, the name calling - was some crazy misunderstanding. Trump now says he had "no intention of firing him" and was just gently angling for a rate cut or two. In the same news conference, Trump said the exorbitant levies on Chinese goods following a rapid tit-for-tat trade war escalation - so high that the actual numbers became irrelevant - will soon be "substantially" lower.

• Apr 22, 2025

KMX Q1 Earnings: CarMax Matches Revenue Expectations, Misses Profit Targets Amid Shifting Market Dynamics

Used automotive vehicle retailer Carmax (NYSE:KMX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 6.7% year on year to $6 billion. Its non-GAAP profit of $0.60 per share was 8.6% below analysts’ consensus estimates.

• Apr 22, 2025

Watch These Tesla Levels as Stock Rises After Musk Says DOGE Role Will Diminish

Tesla shares jumped more than 5% in extended trading on Tuesday as CEO Elon Musk’s comments during the EV maker’s earnings call overshadowed quarterly results that came in well below Wall Street expectations. Monitor these key chart levels.

• Apr 22, 2025

Trump says crypto needs regulatory certainty

WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that the crypto industry needs regulatory certainty and clear rules of the road that Securities and Exchange Commission Chairman Paul Atkins will work on providing. "He's the perfect man to lead this agency at a time when crypto innovators are urgently in need of and they want so badly, they want it to happen, regulatory certainty and clear rules of the road," Trump said, speaking at Atkins' swearing in as the SEC chairman.

• Apr 22, 2025

Bitcoin Shows 12% Growth, Shifting From Nasdaq to Gold-Like Behavior Amid Growing Recession Fear

Bitcoin has been showing resilience amidst global economic concerns, particularly the ongoing U.S.-China trade tensions.

• Apr 22, 2025

Fartcoin Surges to $1.08 Billion Market Cap, Overtakes Bonk as Second-Largest Meme Coin on Solana

Fartcoin, a meme token built on the Solana blockchain, has surged past Bonk to become the second-largest meme coin on the network.

• Apr 22, 2025

Oil prices fall nearly 2%, sources say OPEC+ to consider accelerating oil output in June

HOUSTON (Reuters) -Oil prices fell almost 2% on Wednesday as sources said OPEC+ could accelerate its oil output increases next month, but losses were curbed after a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures were down $1.14, or 1.69%, at $66.30 by 10:39 a.m. EDT (1439 GMT) while U.S. West Texas Intermediate crude lost $1.17, or 1.84%, to $62.50. Several OPEC+ members will suggest that the group accelerate oil output increases for a second consecutive month in June, three sources familiar with OPEC+ talks told Reuters.

• Apr 22, 2025

Cryptocurrency LUCE Surges 134% After Pope Francis' Death, Driven by Speculation and Online Hype

The price of LUCE, a Solana-based meme coin themed around the Vatican’s Holy Year 2025 mascot, has surged dramatically following the death of Pope Francis.

• Apr 22, 2025

Bitcoin Rises 7%, Solana Jumps 14.5% as $347 Million in Crypto Shorts Are Liquidated Following Market Recovery

Bitcoin and Solana have continued to climb as the broader cryptocurrency market rebounds following volatility earlier in April.

• Apr 22, 2025

Cantor nears $3 billion crypto venture with SoftBank and Tether, FT reports

The vehicle, Cantor Equity Partners, will use the cash to create a new firm, called 21 Capital. Tether would contribute $1.5 billion of bitcoin, while SoftBank and Bitfinex would contribute $900 million and $600 million, respectively, of the digital currency, according to the report. Howard Lutnick, the billionaire who was the CEO of Cantor for 40 years, stepped down last month to run President Donald Trump's commerce department.