KB Home Stock Sinks as Firm Warns Consumer Concerns Are Reducing Demand
KB Home shares slumped Tuesday, a day after the homebuilder posted worse-than-expected results and cut its guidance as hesitancy by potential buyers reduced demand.
Oklo Stock Sinks as Losses Widen, Reversing Some of Monday's Gains
Shares of Oklo fell Tuesday morning after the nuclear energy startup reported its latest financial results, giving back some of the stock's Monday gains.
CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Falls 1.9%, Leading Index Lower
Aave (AAVE) was also among the underperformers, declining 1.9%.
Tesla sales fall by 49% in Europe even as the electric vehicle market grows
European sales of Tesla electric vehicles tumbled 49% in the first two months of the year compared with a year earlier even as overall sales of EVs grew, according to the European Automobile Manufacturers' Association. There have been complaints about an aging lineup of vehicles from Tesla and also a significant backlash against CEO Elon Musk and his affiliation with the Trump administration in the U.S. In Europe, Musk's endorsement of Germany's far-right Alternative for Germany party in last month's national election drew broad condemnation. On Tuesday, BYD reported a record 777.1 billion yuan ($107 billion) in revenue for 2024 as sales of its electric and hybrid vehicles jumped 40%.
Trump's World Liberty Financial crypto venture to launch stablecoin
LONDON (Reuters) -Donald Trump's World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate digital token. The stablecoin, called USD1, will be fully backed by U.S. Treasuries, dollars and other cash equivalents and is designed to keep a value of $1, World Liberty said in the statement. Dollar-pegged stablecoins such as Tether and USDC have ballooned in recent years and now act as a key cog in the multi-trillion dollar crypto trading industry, helping move funds between different cryptocurrencies or into regular cash.
If You’re in Crypto, Pivot to AI Now
Let’s face it: artificial intelligence is the real change-agent in the world. We can cling to the idea that speculative tokens are retail products, or embrace crypto's supporting role as excellent technology in service of AI, says Steven Waterhouse.
Gunvor Shakes Up Leadership After Crude Oil Trading Losses
(Bloomberg) -- Gunvor Group is renewing its leadership team after taking some hits in crude oil trading last year including a bullish North Sea play that went wrong, according to Chief Executive Officer Torbjörn Törnqvist. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysPari
Stock market today: Dow, S&P 500, Nasdaq waver as investors eye Trump's tariff shifts
Tariff moves continue to remain front and center for investors.
Bitcoin's $12B Quarterly Options Expiry Unlikely to Cause Major Market Reaction, Deribit Says
Key indicators such as BTC's implied volatility index and funding rates point to subdued volatility expectations.
Dubai's Emirates NBD partners with BlackRock to offer private markets access
Dubai's Emirates NBD bank is teaming up with BlackRock to offer its wealth management clients opportunities to access alternative asset classes, with a focus on private markets, it said in a statement on Tuesday. Both firms have signed a Memorandum of Understanding to establish an investment platform for the United Arab Emirates (UAE) wealth management market, which will initially focus on private credit and multi-alternatives. Private markets, including both equity and credit markets, are less liquid but also promise higher returns than listed securities.