General Mills Stock Slips as Cereal Maker Lowers Full-Year Profit Outlook
General Mills shares moved lower Wednesday morning as the company's lowered fiscal 2025 profit outlook offset second-quarter results that beat analysts' estimates.
Electronic Arts, Rivian downgraded: Wall Street's top analyst calls
Electronic Arts, Rivian downgraded: Wall Street's top analyst calls
Biden reignites talk of a stock-trading ban for lawmakers. Familiar hurdles remain.
President Joe Biden this week announced an endorsement of a stock-trading ban for US lawmakers, making a last-minute entry into an issue that has bedeviled Capitol Hill for years.
Crypto.com rescinds lawsuit against SEC after Donald Trump meeting
With pro-crypto Paul Atkins leading the agency after Gensler's upcoming exit, the crypto exchange has dropped its high-profile litigation against the regulator.
Bitcoin ETF (GBTC) Hits New 52-Week High
This bitcoin ETF hits a new 52-week high. Are more gains in store for this ETF?
Bitcoin's Memecoin-Like 'Runes' Get a Boost With AMM Launch on Stacks
Bitflow's automated market maker uses Stacks' Nakamoto upgrade with the aim of addressing some shortcomings inhibiting Runes trading.
Futures move higher in run-up to Fed rate decision
(Reuters) -U.S. stock index futures edged up on Wednesday, as markets eagerly awaited the Federal Reserve's final rate decision of the year and signals on whether policymakers will take a more cautious stance in 2025. The Fed is widely expected to reduce interest rates by 25 basis points at its meeting. With a rate cut broadly priced in, the Fed's summary of economic projections (SEP), which includes the "dot plot" of rate projections, and comments from Chair Jerome Powell will be in focus for indications on the rate path in 2025.
US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Dow Jones Industrial Average lost 1,123 points, or 2.6%, and the Nasdaq composite dropped 3.6%. The Fed said Wednesday it’s cutting its main interest rate for a third time this year, continuing the sharp turnaround begun in September when it started lowering rates from a two-decade high to support the job market.
Here's How Much $100 of Bitcoin Would Be Worth If It Reaches This Billionaire's 2045 Price Target
The billionaire Michael Saylor, the executive chairman of enterprise software provider MicroStrategy (NASDAQ: MSTR), is a prominent Bitcoin (CRYPTO: BTC) bull. Saylor has positioned MicroStrategy to raise equity and debt capital in order to buy Bitcoin aggressively. Saylor, whose net worth is estimated to be about $10 billion, became bullish on Bitcoin in 2020, viewing it as a better place to park capital compared to cash.
Nissan-Honda merger would not bring quick fixes, S&P says
While the potential deal would result in a $54 billion automotive company, the world's third largest, any benefits for its credit outlook would come with a delay, they wrote in a research note. "We ... believe it will be difficult for them to produce significant effects quickly through expanding the scope of their collaboration to include batteries, software, and autonomous driving," S&P analysts said, but added the eventual impact on their creditworthiness would be significant. A merger would likely have a negative impact Honda's standalone credit outlook, while it should positively affect that of Nissan, they added.