Apple downgraded, Reddit upgraded: Wall Street's top analyst calls
Apple downgraded, Reddit upgraded: Wall Street's top analyst calls
Block Stock Dives as Cash App Parent Takes 'Cautious Stance' Because of Economy
Shares of Block plunged nearly 25% Friday, a day after the payments technology provider posted worse-than-expected results and guidance as it warned about economic conditions ahead.
Shell Stock Climbs on Strong Earnings, $3.5B Buyback Boost
Shell shares climbed Friday after the energy giant posted stronger-than-expected quarterly results and announced a $3.5 billion share buyback program.
Trump says US economy in "transition," urges Fed to cut rates
President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate. "We're only in a transition stage, just getting started!" he said in a Truth Social post.
Fed gets no reason to rush on rate cuts as job market holds up
(Reuters) -Federal Reserve policymakers on the alert for possible cracks in the labor market as businesses adjust to President Donald Trump's erratic trade policy got some reassurance on Friday that so far there's little weakness, and no reason to rush on rate cuts. U.S. employers added a more-than-expected 177,000 jobs in April, the Labor Department reported, and the unemployment rate was unchanged at 4.2%. Both are signs the labor market remains in balance during a month when Trump announced the steepest tariffs in a century, sending stocks downward and convulsing the bond market before the administration paused many of those levies until July.
Britain to bar consumers from borrowing to buy crypto under new regime
LONDON (Reuters) -Britain is to restrict consumers' use of credit cards to buy crypto and their access to crypto lending products, the regulator said on Friday, a move aimed at improving protection as cryptoassets are regulated for the first time. The finance ministry this week said it would bring cryptocurrencies under compulsory regulation, with exchanges, dealers and issuers all coming under the existing rulebook. Crypto trading has exploded in popularity, with around 7 million people - about 12% of the adult population - owning cryptoassets, but it remains largely unregulated, the Financial Conduct Authority (FCA) said.
Labor Market Held Steady In April, Adding More Jobs Than Expected
The job market stayed resilient in April despite the uncertainty created by President Donald Trump's tariffs.
Reddit Stock Surges as Analysts Say Revenue Can Keep Growing
Shares of Reddit jumped in premarket trading Friday, a day after the social media company reported better first-quarter results than expected and issued a strong outlook.
US labor market shows resilience; risks mounting from trade policy
WASHINGTON (Reuters) -U.S. job growth slowed marginally in April and employers continued to hoard workers, but the outlook for the labor market is increasingly darkening as President Donald Trump's protectionist trade policy heightens economic uncertainty. The Labor Department's closely watched employment report published on Friday, which also showed the unemployment rate held steady at 4.2% last month, helped to assuage fears that the economy was close to recession after gross domestic product contracted in the first quarter amid a tariff-induced flood of imports.
Mesh integrates Apple Pay for crypto transactions
The Apple Pay integration is powered by Mesh's SmartFunding technology, helping customers pay with crypto like BTC, ETH, or SOL.