Trump backs off his push to fire Fed’s Powell
Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.
Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.
Bitcoin continued its recovery and topped the $94,000 mark as President Donald Trump softened his stand on China tariffs and the Fed chair.
Electrical connector manufacturer Amphenol (NYSE:APH) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 47.7% year on year to $4.81 billion. On top of that, next quarter’s revenue guidance ($4.95 billion at the midpoint) was surprisingly good and 7.9% above what analysts were expecting. Its non-GAAP profit of $0.63 per share was 21% above analysts’ consensus estimates.
The broker initiated coverage of the crypto exchange with a buy rating and a $252 price target.
Shares of Enphase Energy fell sharply in premarket trading Wednesday, a day after the solar and battery systems provider's first-quarter results fell short of analysts' estimates and it warned of an expected hit to gross margins because of tariffs on China.
Boeing shares jumped Wednesday after the plane maker's first-quarter adjusted loss came in much smaller than anticipated.
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a substantial influx of capital, with net inflows totaling $936 million on Tuesday.
- BTC has surged above $90,000 for the first time in a month. - Bitcoin ETFs like IBIT are outperforming U.S. stocks amid trade war fears. - The rapid growth of spot bitcoin ETFs indicates growing institutional interest.
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