Accenture stock sank 8% Thursday after the professional services firm reported lower profit than analysts expected for its fiscal 2025 second quarter and its chief executive said government spending cuts are hurting sales.
Founder Alex Dolesky says he needs to move faster to meet exceptional demand.
The price of XRP jumped more than 8% Thursday after the CEO of cryptocurrency company Ripple said U.S. regulators have dropped its four-year-old case against the company. The Securities and Exchange Commission sued Ripple and two of its executives in late 2020 after they raised $1.4 billion by selling XRP crypto coins. The SEC under the Biden administration held that digital assets like cryptocurrences should be regulated like securities, such as stocks, and should be considered commodities like gold or oil.
Heavy equipment distributor Titan Machinery (NASDAQ:TITN) announced better-than-expected revenue in Q4 CY2024, but sales fell by 10.8% year on year to $759.9 million. Its non-GAAP loss of $1.98 per share was significantly below analysts’ consensus estimates.
(Bloomberg) -- A small group of pioneers is hoping that factor investing, which has grown into a multi trillion-dollar market in equities, can become the next big thing in the world of corporate bonds — particularly with Donald Trump’s agenda sending shock waves across assets.Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans
The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns.View on euronews
Your day-ahead look for March 20, 2025
Initially BTC decoupled from stocks, but the positive correlation has strengthened during the recent downturn.
A 40x Bitcoin whale wagers against BTC as volatility swings following the FOMC decision, liquidating a $27.5 million short at $85,545.
