At the Token2049 cryptocurrency conference in Dubai on April 30, Arthur Hayes, the co-founder of the crypto exchange BitMEX, made a bold prediction about the future of Bitcoin (CRYPTO: BTC). "Don't worry," Hayes said, "Bitcoin is going to $1 million by 2028." Could Hayes be right?
HOUSTON (Reuters) -Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil. The company's share repurchases this year could be between $11.5 billion and $13 billion, said Chevron Chief Financial Officer Eimear Bonner, which would be in the lower end of the company's guidance of $10 billion to $20 billion. Shares of Chevron fell 2% in pre-market trading on Friday.
NEW YORK (Reuters) -The Federal Reserve meeting in the coming week is set to test the U.S. stock market's sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead. During the rally, stocks have erased the slump set off by President Donald Trump's sweeping tariffs. The S&P 500 was last little changed since April 2, when Trump's "Liberation Day" tariff announcement sent stocks plunging and led to some of the market's most volatile swings in 50 years.
Healthcare services provider BrightSpring Health Services (NASDAQ:BTSG) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 11.7% year on year to $2.88 billion. The company’s full-year revenue guidance of $12.25 billion at the midpoint came in 2.5% above analysts’ estimates. Its non-GAAP profit of $0.19 per share was significantly above analysts’ consensus estimates.
Altria is seeing a great deal of activity in the e-vapor market, but warned regulated products are being undercut by illicit imports.
Money market account rates vary widely. So which banks are offering the best money market account rates today? Find out here.
(Bloomberg) -- Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNYC’s Congestion Toll Raised $159 Million in the First QuarterEconomists see a darkening outlook for the US economy but are sticking by projections for two interest-rate cuts from the Federal Reserve this year.
Despite rising more than 40,000% in the past decade, Bitcoin still faces notable risks that investors can’t overlook. Bitcoin challenges the current monetary system, so there will always be a risk that major governments intervene to prevent the crypto’s adoption. If Bitcoin fails at successfully scaling up to drive faster and cheaper transactions, it might not reach its full potential.
Modular flooring manufacturer Interface (NASDAQ:TILE) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 2.6% year on year to $297.4 million. The company expects next quarter’s revenue to be around $360 million, coming in 1.9% above analysts’ estimates. Its non-GAAP profit of $0.25 per share was 19% above analysts’ consensus estimates.
The UAE is planning to spend $2bn (£1.5bn) on one of Donald Trump’s cryptocurrencies in a move that has triggered accusations of a conflict of interest.
