Darden Stock Surges as LongHorn Steakhouse Strength Powers Sales Growth
Shares of Darden Restaurants surged 14% Thursday as the company's second-quarter sales and adjusted profit beat expectations on strong LongHorn Steakhouse results.
Bitcoin in Bhutan: Charting Its Own Course of Economic Development
Bhutan is one of the largest sovereign holders of bitcoin. Hyla Fund’s Paola Origel visits and finds a small landlocked country punching above its weight.
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.
Block Stock—and Three Other Fintech Picks from Oppenheimer Analysts
Shares of Block rose Thursday morning, offering a bit of relief after a recent decline that yesterday’s tech selloff extended, as Oppenheimer analysts turned bullish on the stock.
Why U.S. Celebs Like George & Amal Clooney's Global Real Estate Portfolio Is A Smart Hedge Against A Fluctuating U.S. Market
The U.S. housing market has been on a post-pandemic roller coaster, with fluctuating home prices, interest rates and a hostile political environment creating uncertainty among homeowners and investors. For the ultrarich, however, there is no need to rely purely on the vagaries of the U.S. housing market. Global real estate is where the smart money is, spreading investments across a broad swathe of trans-Atlantic holdings, diversifying portfolios and accumulating a collection of vacation homes. D
Stock market today: Dow, S&P 500, Nasdaq bounce back from Fed-fueled rout
Stocks are looking to bounce back from their worst day since the summer.
BOE’s Bailey Backs Market on Close Call at Next Rates Decision
(Bloomberg) -- Bank of England Governor Andrew Bailey said market bets putting its next interest-rate decision on a knife-edge are a “reasonable starting point.”Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousNew York City’s Historic Preservation Movement Is Having a Midlife CrisisDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalIn an interview following the BOE’s decision to hold rates at 4.75% on Thursday, Bailey said that the “world is too
Wall St bounces back after Fed's hawkish cut triggers selloff
Wall Street's main indexes regained some ground on Thursday, a day after the Federal Reserve's projections of fewer-than-expected interest rate cuts and higher inflation next year wrong-footed some investors and pummeled U.S. stocks. The Fed on Wednesday said it expects to make just two 25 basis point cuts in 2025, half a percentage point less than its September forecast and raised inflation expectations for the first year of the new Trump administration, sending the three main U.S. stock indexes to their sharpest daily declines since August. Traders now see just one quarter-point rate reduction by mid-2025, and see less than two cuts in total by the end of the year, compared with last week's expectations of three rate cuts.
Hong Kong Accelerates Licensing for Crypto Exchanges With New Approvals
Hong Kong's Securities and Futures Commission (SFC) has granted licenses to four additional cryptocurrency exchanges.
ConAgra Brands Stock Slips After Lowering FY25 Earnings Outlook, CEO Cautions Of Headwinds Ahead
ConAgra Brands, Inc. (NYSE:CAG) shares are trading slightly lower in the morning session on Thursday. The company reported second-quarter adjusted earnings per share of 70 cents, beating the analyst consensus estimate of 67 cents. Quarterly sales of $3.195 billion, beating the street view of $3.149 billion. The results show a 0.4% decrease in net sales, with organic net sales up by 0.3%. The 0.3% increase in organic net sales was driven by a 0.1% negative impact from price/mix and a 0.4% increas