Tokenized Apollo Credit Fund Makes DeFi Debut With Levered-Yield Strategy by Securitize, Gauntlet
The offering aims to make real-world asset tokens competitive with stablecoins for DeFi yield strategies, Securitize's Reid Simon said.
GM Beats Wall Street Expectations, Suspends Guidance Over Tariffs
General Motors is heavily exposed to tariffs, including almost entire Buick brand, but Trump’s waffling offers some relief.
Lincoln Electric (NASDAQ:LECO) Beats Q1 Sales Targets
Welding equipment manufacturer Lincoln Electric (NASDAQ:LECO) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 2.4% year on year to $1.00 billion. Its non-GAAP profit of $2.16 per share was 3.2% below analysts’ consensus estimates.
Gibraltar (NASDAQ:ROCK) Misses Q1 Revenue Estimates
Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQ:ROCK) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $290 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.43 billion at the midpoint. Its non-GAAP profit of $0.95 per share was 17.8% above analysts’ consensus estimates.
Lancaster Colony (NASDAQ:LANC) Misses Q1 Sales Targets, Stock Drops
Specialty food company Lancaster Colony (NASDAQ:LANC) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 2.9% year on year to $457.8 million. Its GAAP profit of $0.95 per share was 39.8% below analysts’ consensus estimates.
The NFT market fell apart. Brands are still paying the price
Once a marketing gold rush, web3 bets by brands like Nike and DraftKings are now ending in courtroom battles—and collapsing consumer trust.
Bausch + Lomb (NYSE:BLCO) Misses Q1 Sales Targets, Stock Drops 10.4%
Eyecare company Bausch + Lomb (NYSE:BLCO) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 3.5% year on year to $1.14 billion. On the other hand, the company’s full-year revenue guidance of $5.05 billion at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP loss of $0.15 per share was significantly below analysts’ consensus estimates.
US House Republicans drop federal $20 vehicle registration fee, back $250 EV fee
WASHINGTON (Reuters) -U.S. House Republicans on Wednesday advanced a new $250 annual fee on electric cars but dropped a $20 federal yearly registration fee on all vehicles starting in 2031 to fund road repairs as part of a tax reform bill under consideration. The House Transportation and Infrastructure Committee voted 36-30 to approve a proposal from Representative Sam Graves, who heads the panel. The proposal includes $12.5 billion for air traffic control reform efforts, down from $15 billion in an early draft.
ADP’s (NASDAQ:ADP) Q1 Sales Beat Estimates
Payroll and HR services provider Automatic Data Processing (NASDAQ:ADP) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 5.7% year on year to $5.55 billion. Its non-GAAP profit of $3.06 per share was 2.9% above analysts’ consensus estimates.