Markets open sharply higher after Trump softens on China and says he has ‘no intention to fire’ Fed Chair Jerome Powell
All major indices show substantial early gains.
Intel Stock Jumps as Chipmaker Reportedly Plans To Cut Over 20% of Staff
Intel shares rose Wednesday, following a report the struggling chipmaker is planning to cut more than 20% of its staff.
Trump was warned of financial turmoil if he fired Powell. Now, his U-turn has stocks roaring higher
President Donald Trump’s recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers, who warned him that any attempt to remove the head of the central bank could cause as much market turmoil as his ongoing trade war, according to people familiar with the conversations.
Cantor teams up with Tether, Softbank for $3.6 billion crypto venture
(Reuters) -Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump. The deal, announced on Wednesday, has blank-check vehicle Cantor Equity Partners merging into newly formed Twenty One Capital. The combined vehicle is valued at $3.6 billion, based on a bitcoin price of nearly $85,000 and Twenty One launching with more than 42,000 bitcoins, which will make it the world's third-largest bitcoin treasury, Twenty One said.
Lockheed upgraded, Oracle downgraded: Wall Street's top analyst calls
Lockheed upgraded, Oracle downgraded: Wall Street's top analyst calls
Boston Scientific Stock Surges on Strong Results, Outlook; CFO To Retire
Shares of Boston Scientific rose sharply Wednesday after the firm posted better-than-expected quarterly results.
Weak oil prices, limited shale acreage to hit energy M&A in 2025, Enverus says
HOUSTON (Reuters) -The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up, analytics firm Enverus said on Wednesday, even though dealmaking jumped last quarter to the second-best start to the year since 2018. The expected downturn in mergers and acquisitions follows a series of blockbuster takeovers by oil and gas majors in recent years, which culminated in a record $192 billion worth of deals done in 2023. There were $17 billion worth of deals disclosed in the quarter ended March 31, but activity was disproportionately driven by Diamondback Energy, which accounted for almost half of total value, said Enverus Intelligence Research principal analyst, Andrew Dittmar.
Riot Platforms Secures $100M Bitcoin-Backed Credit Line From Coinbase
The funds will be used for strategic initiatives and general corporate purposes, and cash drawn from the line will carry at least a 7.75% interest rate.
Markets jump after Trump softens rhetoric on China and Fed chair
U.S. stocks opened higher Wednesday after President Donald Trump signaled a softer stance toward the eye-watering tariffs he had set for China, while also stating he would not make an immediate change in leadership at the Federal Reserve.
4 Stocks to Watch as Bitcoin Gears Up to Surpass $100,000 Again
Stocks like NVDA, V, ACN and HIVE are poised to gain when Bitcoin resumes its rally.