Michael Saylor, co-founder of Strategy, has confirmed he will attend the White House Digital Assets Summit on March 7, 2025, alongside major figures in the cryptocurrency world.
Bitcoin miners are struggling as both cryptocurrency prices and the Bitcoin network’s halving event create substantial pressure on their business models.
Cryptocurrency markets saw over $1 billion in liquidations as traders faced heavy losses following a sudden market downturn.
(Reuters) -German machine and car parts maker Schaeffler on Wednesday joined other auto suppliers in giving a gloomy outlook for 2025, as it sees no rebound for the automotive market during the year. Europe's auto sector is being tested by multiple hurdles ranging from high production costs and managing the shift to electric vehicles (EV) to falling demand and rising competition from China. In particular, Schaeffler sees a negative 2025 operating (EBIT) margin for its e-mobility unit, at -14% to -17%, reflecting the scale of the challenges in the European EV market.
The ETF saw over $1 billion in outflows last week alongside a surge in trading volumes.
US stock futures rose after Commerce Secretary Howard Lutnick hinted that President Donald Trump may provide a pathway to tariff relief.
(Reuters) -Atos will launch a reverse stock split, likely to take effect by May 1, CEO Philippe Salle said on Wednesday, as the French group seeks to restore investor confidence following the completion of a vital financial restructuring plan last year. The reverse stock split plan was nearly unanimously approved at a general meeting in January. Atos reported annual revenue of 9.58 billion euros, down 5.4% year-on-year, missing its previous forecast, as market weakness and contract terminations weighed on its business.
The raging Trump-led trade war - branded "dumb" by Canadian Prime Minister Justin Trudeau - certainly has investors' attention, keeping sentiment subdued across asset classes. For instance, one index of global equities has lost some 2% so far this week and Brent crude is plumbing six-month lows. But it's not as simple as that, with Wall Street poised to open higher following a sell-off on Tuesday, and futures indicating even bigger gains for European bourses.
President Donald Trump called for new tax cuts, defended his controversial tariff policy and blamed his predecessor for the country's economic woes, during an address to a joint session of Congress Tuesday night.
Italy's campaign to put more of its huge public debt in the hands of small domestic savers will grow increasingly difficult, analysts say, but foreign investors lured by Rome's political stability and improving finances can plug any funding gap. Italy has been courting retail investors since the euro zone debt crisis in 2012 in the belief that they are less likely to withdraw their cash than foreigners at times of market stress. The strategy has been successful, raising around 245 billion euros ($257.52 billion) in a succession of bond issuances dedicated to the sector.
