Kevin O’Leary: ‘Crypto Will Be the 12th Sector of the Economy’
Ahead of Consensus 2025, the investor and TV personality shares his crypto portfolio strategy, why he won’t touch bitcoin ETFs, and what could unleash trillions into digital assets.
Barclays, Goldman expect next Fed rate cut in July after jobs report
Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report. They had previously forecast a rate cut in June. Data on Friday showed, nonfarm payrolls increased more than expected in April, with the unemployment rate steady at 4.2%.
Five Below Stock Jumps on News of Strong First Quarter
The discount retailer said sales will come in stronger than previously expected for the quarter ending Saturday.
Analysts Remain Bullish on Amazon Stock Despite Tariff Uncertainty
Analysts are staying bullish on Amazon stock even though the online retail and tech giant issued a relatively conservative second-quarter outlook after the bell Thursday.
Stocks on Track To Erase Tariff-Driven Losses, Post Longest Winning Streak in 20 Years
Stocks rose on Friday, putting the S&P 500 on track to notch its longest winning streak in more than two decades.
Take-Two Stock Plummets on 'Grand Theft Auto VI' Delay
Take-Two Interactive Software shares tumbled Friday after the company said it has delayed the launch of its blockbuster video game "Grand Theft Auto VI."
Airbnb Says Economic Uncertainties Are Causing Softer US Travel Demand
Airbnb shares pulled back slightly Friday, a day after the vacation rental site warned that economic conditions were leading consumers to pull back on travel spending.
Strategy’s $84B Bitcoin Expansion Plan Backed by Wall Street Analysts
Sell-side bulls from Benchmark and TD Cowen viewed Michael Saylor and team's plan as a bold yet realistic escalation of its bitcoin-focused strategy amid rising institutional interest.
Unemployment in the eurozone remains at a record low in March
The amount of citizens out of a job remains historically low, although the eurozone is bracing itself for the effect of US tariffs.View on euronews
US economy risks losing billions as travel demand weakens, analysts warn
(Reuters) -Weakening travel demand, signaled by grim earnings forecasts of travel-related companies, may erase billions of dollars from the U.S. economy this year as the Trump administration's trade policy takes a toll on consumer sentiment, analysts have warned. "Anti-American sentiment could be driving a decline in international tourism, which is considered a service export," J.P.Morgan said in a note last week. Goldman Sachs and J.P.Morgan projected lower foreign travel spending to trim 0.1% from U.S. GDP this year, adding that the hit could be as much as 0.2% to 0.3%.