Crypto prime brokerage August raises $10 million in round led by Dragonfly Ventures
The company will use the money to expand the team and develop new technology.
Venezuela to Reinvest Debt Owed to Chevron in Local Oil Industry
(Bloomberg) -- Venezuela will reinvest the debt it owes to Chevron Corp. after US President Donald Trump gave the oil giant one month to stop producing oil in the South American nation.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NJ College to Merge With State School After Financial StressHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year
Wall Street sells off as tariff concerns mount, Nasdaq confirms correction
NEW YORK (Reuters) -Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump's trade policy may have on companies and the broader economy, while Marvell Technology's revenue forecast sparked concerns about spending on artificial intelligence infrastructure. The Nasdaq Composite ended down 10.4% from its record high close on December 16, confirming the tech-heavy index has been in a correction since peaking several months ago. Below are investor comments about the selloff, which also saw the S&P 500 dip below its 200-day moving average for the first time since November 1, 2023.
What the 7 C's of commodities signal about inflation
Peter Borish argued that the 7 C's of commodities are the key to understanding shifts in the stock market.
Junk Bonds Are Set to Outperform ‘Riskier’ Stocks, Fridson Says
(Bloomberg) -- Junk-debt returns will fall short of lofty expectations, but they’ll likely do better than stocks for the first time since the global financial crisis, according to high-yield guru Marty Fridson.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NJ College to Merge With State School After Financial StressHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With
Bessent: 'I am not worried about inflation' from Trump's tariffs
Treasury Secretary Scott Bessent said Thursday that 'I am not worried about inflation' resulting from President Donald Trump's new tariffs, although he did acknowledge 'we could get a one-time price adjustment.'
Trump's crypto reserve plan is unlikely to pass Congress, JPMorgan says
Even if it's approved, a strategic crypto reserve is unlikely to hold XRP and ADA, according to an analysis by JPMorgan.
AI crypto company Validation Cloud raises $15 million in Series A led by True Global Ventures
The company’s goal is to “be at the intersection of every transaction and every interaction in Web3.”
Bessent Highlights Trump’s Fed Silence, Rejects Inflation Worry
(Bloomberg) -- Treasury Secretary Scott Bessent rejected the idea that President Donald Trump’s tariff hikes will ignite a new wave of inflation, and suggested that the Federal Reserve ought to view them as having a one-time impact.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NJ College to Merge With State School After Financial StressHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Fin
Why Is Allient (ALNT) Stock Soaring Today
Shares of precision motion systems specialist Allient (NASDAQ:ALNT) jumped 8.3% in the morning session after the company reported impressive fourth quarter 2024 results which blew past analysts' sales and EPS expectations. In addition, its EBITDA outperformed Wall Street's estimates by a wide margin. Zooming out, we think this was a good quarter with some key areas of upside.