Proof-of-Work Crypto Mining Doesn’t Trigger Securities Laws, SEC Says
In a staff statement published Thursday, the SEC said that both solo mining and mining pool operations would fail the first prong of the Howey Test.
Planet Labs (NYSE:PL) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops
Earth imaging satellite company Planet Labs (NYSE:PL) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 4.6% year on year to $61.55 million. Next quarter’s revenue guidance of $62 million underwhelmed, coming in 5.1% below analysts’ estimates. Its non-GAAP loss of $0.08 per share was significantly below analysts’ consensus estimates.
Micron Stock Pops as AI Demand Drives Better-Than-Expected Earnings, Outlook
Micron Technology reported quarterly results that topped analysts’ estimates and issued a better-than-expected outlook, sending shares higher in extended trading Thursday.
There could be a 'renaissance' in small tech stocks: Hot take from Opening Bid
Don't forget about the small-cap names in tech.
Torrid’s (NYSE:CURV) Q4 Sales Top Estimates, Stock Soars
Women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 6.1% year on year to $275.6 million. On the other hand, next quarter’s revenue guidance of $269 million was less impressive, coming in 3% below analysts’ estimates. Its GAAP loss of $0.03 per share was 60% above analysts’ consensus estimates.
Bitcoin miners get green light as SEC confirms mining isn’t a security
The SEC has ruled that Bitcoin mining is not a security and does not require registration, providing regulatory clarity for miners and mining pools.
JPMorgan Enters an Infamous Short-Volatility Market With ETN
(Bloomberg) -- With worries over US trade policy roiling Wall Street, JPMorgan Chase & Co. is repackaging a well-known strategy that would profit if the turbulence subsided.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoAmtrak CEO Departs Amid Threats of a Transit Funding PullbackDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protection Without Federal Funds
Alberta Premier Rejects Oil Export Tax in Meeting With Carney
(Bloomberg) -- Alberta Premier Danielle Smith rejected any constraints on oil and gas exports to the US in her first meeting with new Prime Minister Mark Carney, renewing her criticism of Canada’s Liberal government as the country prepares for an election.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsAmtrak CEO Departs Amid Threat
Cava Stock Climbs as JPMorgan Recommends 'Taking Advantage' of Recent Slide
Cava Group shares jumped Thursday after the fast casual chain restaurant got an upgrade from JPMorgan analysts, expecting growth as Cava expands its locations.
Micron (NASDAQ:MU) Beats Q1 Sales Targets, Next Quarter’s Sales Guidance is Optimistic
Memory chips maker Micron (NYSE:MU) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 38.3% year on year to $8.05 billion. On top of that, next quarter’s revenue guidance ($8.8 billion at the midpoint) was surprisingly good and 3.2% above what analysts were expecting. Its non-GAAP profit of $1.56 per share was 9.5% above analysts’ consensus estimates.