Used automotive vehicle retailer Carmax (NYSE:KMX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 6.7% year on year to $6 billion. Its non-GAAP profit of $0.60 per share was 8.6% below analysts’ consensus estimates.
Tesla shares jumped more than 5% in extended trading on Tuesday as CEO Elon Musk’s comments during the EV maker’s earnings call overshadowed quarterly results that came in well below Wall Street expectations. Monitor these key chart levels.
WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that the crypto industry needs regulatory certainty and clear rules of the road that Securities and Exchange Commission Chairman Paul Atkins will work on providing. "He's the perfect man to lead this agency at a time when crypto innovators are urgently in need of and they want so badly, they want it to happen, regulatory certainty and clear rules of the road," Trump said, speaking at Atkins' swearing in as the SEC chairman.
Bitcoin has been showing resilience amidst global economic concerns, particularly the ongoing U.S.-China trade tensions.
Fartcoin, a meme token built on the Solana blockchain, has surged past Bonk to become the second-largest meme coin on the network.
HOUSTON (Reuters) -Oil prices fell almost 2% on Wednesday as sources said OPEC+ could accelerate its oil output increases next month, but losses were curbed after a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures were down $1.14, or 1.69%, at $66.30 by 10:39 a.m. EDT (1439 GMT) while U.S. West Texas Intermediate crude lost $1.17, or 1.84%, to $62.50. Several OPEC+ members will suggest that the group accelerate oil output increases for a second consecutive month in June, three sources familiar with OPEC+ talks told Reuters.
The price of LUCE, a Solana-based meme coin themed around the Vatican’s Holy Year 2025 mascot, has surged dramatically following the death of Pope Francis.
Bitcoin and Solana have continued to climb as the broader cryptocurrency market rebounds following volatility earlier in April.
The vehicle, Cantor Equity Partners, will use the cash to create a new firm, called 21 Capital. Tether would contribute $1.5 billion of bitcoin, while SoftBank and Bitfinex would contribute $900 million and $600 million, respectively, of the digital currency, according to the report. Howard Lutnick, the billionaire who was the CEO of Cantor for 40 years, stepped down last month to run President Donald Trump's commerce department.
SYDNEY (Reuters) -Stock markets were enjoying a much-needed relief rally in Asia on Wednesday after U.S. President Donald Trump said he had no plans to fire the head of the Federal Reserve, and hinted at lower tariffs for China. The dollar jumped sharply across the board after Trump walked back the threats to dismiss Fed Chair Jerome Powell that had badly shaken investor confidence in U.S. assets, although those gains faded somewhat as the day progressed. Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145%, adding that he would set the terms of a deal if Beijing did not enter talks.
