Bitcoin giant Strategy takes loss to stave off likely tax hit—and keeps buying Bitcoin
Strategy, formerly MicroStrategy, has accumulated $46 billion worth of Bitcoin since 2020.
Fed’s Logan Is Skeptical That More Rate Cuts Are Necessary
(Bloomberg) -- Federal Reserve Bank of Dallas President Lorie Logan said interest rates may already be near a neutral level, potentially obviating the need for further cuts even if inflation continues to cool. Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesHow London’s Taxi Drivers Navigate the City Without GPSState Farm Seeks
Pro-Bitcoin policies and ‘bullish government’ to fuel price surge in 2025: analyst
Despite this week's market dip, analysts see price growth looming on the horizon, as pro-crypto policies emerge.
These 8 stocks could be the biggest losers as DeepSeek clouds the outlook for tech
Lower construction spending on data centers because of DeepSeek could negatively impact heavy equipment stocks like Caterpillar, JPMorgan said.
Franklin Templeton seeks SEC approval to launch new crypto index ETF
Trump embraced digital assets during his campaign, promising to make the U.S. the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. The Securities and Exchange Commission, which had long attempted to block ETFs from investing in bitcoin citing investor protection concerns, approved bitcoin and ether ETFs last year.
Powell’s (NASDAQ:POWL) Q4 Sales Beat Estimates But Stock Drops
Electrical energy control systems manufacturer Powell (NYSE:POWL) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 24.4% year on year to $241.4 million. Its GAAP profit of $2.86 per share was 9.4% above analysts’ consensus estimates.
Nobel Prize-winning economist: Bitcoin will be worth nothing in 10 years
'Father of modern finance' Eugene F. Fama says cryptocurrency as "a medium of exchange is not supposed to survive."
Paylocity’s (NASDAQ:PCTY) Q4 Sales Top Estimates, Provides Encouraging Quarterly Revenue Guidance
Payroll and human resources software provider, Paylocity (NASDAQ:PCTY) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 15.5% year on year to $377 million. Guidance for next quarter’s revenue was better than expected at $441.5 million at the midpoint, 1.9% above analysts’ estimates. Its non-GAAP profit of $1.52 per share was 6.6% above analysts’ consensus estimates.
Dallas Fed's Logan signals rate cuts require US labor market cooling
She said she would view the combination of slowing inflation and a strong labor market as evidence that monetary policy was not meaningfully restrictive. While good news, she said in remarks prepared for delivery to a Bank for International Settlements conference in Mexico City, "it wouldn't necessarily allow the (Fed) to cut rates soon."
Bessent Calms Markets by Leaving US Dollar, Debt Plans Intact
(Bloomberg) -- US Treasury Secretary Scott Bessent said he favors a strong dollar and has no plans to alter the government’s debt-issuance plans, showing a cautious approach toward financial markets from an administration that’s elsewhere rapidly upending the status quo.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm