Johnson Controls Stock Leads S&P Gainers on New CEO, Solid Q1 Results
Shares of Johnson Controls International surged to lead S&P 500 gainers on Wednesday morning after the company's first-quarter results topped estimates and it announced a new CEO.
Match Group's Stock Takes a Hit After Announcing New CEO, Soft Sales Outlook
Match Group shares tumbled Wednesday, a day after the online dating service provider named a new CEO and offered a soft outlook as sales for most of its units declined.
Why DeFi Will Benefit From Trade Wars
In the short-term, the crypto market will be negatively impacted by increased volatility in global trade, says ML Tech’s Leo Mindyuk. But over time, crypto will be less impacted than traditional finance.
Stock market today: Nasdaq, S&P 500 slide as Alphabet and AMD earnings fall short
US stocks pulled back against a backdrop of mixed earnings and the outbreak of a trade war with China.
BlackRock to List Bitcoin Exchange-Traded Product in Europe
(Bloomberg) -- BlackRock Inc., the world’s largest asset manager, is preparing to list an exchange-traded product tied directly to Bitcoin in Europe, following on from the success of its $58 billion US ETF tracking the cryptocurrency.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC’s Newest Transit Leader Builds a Worker-Driven S
Kenya Delivers Half-Point Rate Cut to Boost Economic Growth
(Bloomberg) -- Kenya’s central bank cut the benchmark interest rate to an almost two-year low as benign inflation allowed it to prop up its stuttering economy.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresCitadel to Leave Namesake Chicago Tower as Employees RelocateTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategySan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisThe mo
Chipotle Stock Slips on Soft Sales, Potential Impact of Threatened Tariffs
Chipotle Mexican Grill shares fell Wednesday, a day after it missed revenue and same-store sales estimates, and tried to downplay concerns about the effects of possible U.S. tariffs.
Stock market today: Alphabet and AMD weigh on a mixed Wall Street following their profit reports
Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. Alphabet fell 8.8% even though Google’s parent company reported stronger profit for the latest quarter than analysts expected. Pressure is growing on Alphabet from Wall Street, and “investors will be asking what new products will be emerging to warrant the higher level of investment,” according to UBS analysts led by Stephen Ju.
Australia's Macquarie to wind down US debt capital markets arm, Bloomberg reports
Bloomberg said the move would impact roughly 80 jobs, with some of the affected employees transitioning to new roles, while others leaving the company. The change was communicated during a town hall meeting, the sources added, with Macquarie planning to sell positions it amassed through U.S. debt capital markets activities over the next two years. Macquarie, Australia's largest asset manager, generates revenue through infrastructure ownership, commodity trading in sectors like oil and gas, managing capital raisings for other companies, and offering home loans in its domestic market.
Trump admin reduces SEC team handling crypto enforcement
The team driving enforcement actions against crypto bad actors has largely been reassigned or demoted under the Trump administration.