• Feb 14, 2025

Fed, Treasury Questioned by Democrats Over Trump’s DEI Order

(Bloomberg) -- A group of House Democrats questioned Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent about actions they may have taken in response to President Donald Trump’s recent executive order ending diversity programs.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote i

  • Feb 14, 2025

Lower Inflation Wouldn’t Assure Rate Cuts, Fed’s Logan Says

(Bloomberg) -- Federal Reserve Bank of Dallas President Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower inflation wouldn’t necessarily prompt further interest-rate reductions. Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in May“Even if we do get better

  • Feb 14, 2025

Oil Dips as Ample Supply Outlook Overshadows Trump Iran Threats

(Bloomberg) -- Oil fell as a key market gauge signaled that supplies are ample and traders discounted US threats to Iran’s crude exports. Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayWest Texas Intermediate’s front-month futures were trading at as little as 1 cent more per barrel than con

  • Feb 14, 2025

Why the Official Trump Cryptocurrency Is Skyrocketing Today

Official Trump is seeing huge gains following news that the Securities and Exchange Commission (SEC) has accepted Grayscale's application to form an exchange-traded fund (ETF) built around XRP. Investors are betting that policy changes at the SEC could open the door for catalysts that drive powerful rallies for altcoins. While the SEC's acknowledgment of the application doesn't mean Grayscale will be able to move forward with an XRP ETF, it's a notable development.

  • Feb 14, 2025

Chevron Cranks Up Venezuelan Oil Exports Amid Trump-Maduro Reset

(Bloomberg) -- Chevron Corp. plans to ratchet up oil exports from Venezuela to a seven-year high as a reset of the country’s relationship with the US eases concerns that trade restrictions will increase.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayExports of synthetic oil from Chevron’s P

  • Feb 14, 2025

Why DaVita (DVA) Stock Is Down Today

Shares of dialysis provider DaVita Inc. (NYSE:DVA) fell 14% in the morning session after the company reported weak fourth-quarter results: DaVita narrowly exceeded analysts' revenue expectations but fell short on full-year EPS guidance. A key challenge remains patient volume, as center closures could continue to pressure growth. Overall, this quarter could have been better.

  • Feb 14, 2025

Why Roku (ROKU) Stock Is Trading Up Today

Shares of streaming TV platform Roku (NASDAQ: ROKU) jumped 15.7% in the pre-market session after the company reported strong fourth-quarter 2024 results that easily cleared analysts' sales, EBITDA, and earnings expectations. Revenue grew 22% year on year, driven by a 25% increase in platform revenue, which benefited from higher advertising demand, including political ad spending, and deeper third-party platform integrations​.

  • Feb 14, 2025

Why Is DraftKings (DKNG) Stock Rocketing Higher Today

Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 14.3% in the morning session after the company reported strong fourth-quarter results, which blew past analysts' EPS and EBITDA expectations. Looking ahead, it slightly lifted its full-year revenue guidance, beating analysts estimates', while EBITDA outlook for the same period was roughly in line.