Stock market today: Nasdaq jumps to chip away at DeepSeek-fueled rout as Nvidia surges nearly 9%
Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting
The Fed's Two-Day Policy Meeting Kicked Off Tuesday—What You Need To Know
The Federal Reserve is widely expected leave its benchmark interest rate steady this week, but economists and market participants will be keeping a close eye on what Fed officials say about the state of the economy and the outlook for rates.
3 Bitcoin and Crypto Market Changes During Trump's First Week Back In The Oval Office
President Trump's return to the Oval Office didn't just push bitcoin to a new all-time high—it also started off a chain reaction of developments in the crypto markets.
AI-exposed power stocks rebound after DeepSeek release casts 'uncertainty' over industry
AI-exposed power stocks attempted a rebound Tuesday after getting crushed over worries of lower-than-expected energy demand.
Starbucks (NASDAQ:SBUX) Exceeds Q4 Expectations
Coffeehouse chain Starbucks (NASDAQ:SBUX) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales were flat year on year at $9.40 billion. Its GAAP profit of $0.69 per share was 3.7% above analysts’ consensus estimates.
US Medicaid System Disrupted After Trump Freezes Federal Aid
(Bloomberg) -- Government officials from across the US said states were locked out of the Medicaid payments system after President Donald Trump’s administration ordered a freeze to federal funds.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineTexas HOA Charged With Discrimination for Banning Section 8 RentersHousing Aid Uncertain After Trump’s Spending Freeze MemoNewsom Enlists Magic Johnson, Guggenhe
Manhattan Associates (NASDAQ:MANH) Posts Better-Than-Expected Sales In Q4 But Stock Drops 15.3%
Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 7.4% year on year to $255.8 million. On the other hand, the company’s full-year revenue guidance of $1.07 billion at the midpoint came in 6.3% below analysts’ estimates. Its non-GAAP profit of $1.17 per share was 10.4% above analysts’ consensus estimates.
AI Stocks Rebounded Tuesday—But There's Some Wariness Out There About What's Next
Investors piled back into Nvidia and other U.S. AI stocks Tuesday, although recent volatility had some on Wall Street tempering their expectations.
Qorvo (NASDAQ:QRVO) Surprises With Q4 Sales, Stock Jumps 14.9%
Communications chips maker Qorvo (NASDAQ: QRVO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 14.7% year on year to $916.3 million. Guidance for next quarter’s revenue was better than expected at $850 million at the midpoint, 1.2% above analysts’ estimates. Its non-GAAP profit of $1.61 per share was 33.2% above analysts’ consensus estimates.
PBW Top Speakers Prepare for Crypto’s “Big Leap Forward” in 2025
Cryptocurrency and blockchain leaders anticipate 2025 to be a breakthrough year, marked by mainstream adoption, regulatory clarity, and technological convergence (particularly with AI). Gathered around Paris Blockchain Week coming in July, these experts predict broader institutional participation, more nation-states adopting strategic Bitcoin reserves, and innovations like DeSci, DePin, and RWAs taking the industry to new heights.