Solv Raises $10M for Bitcoin Reserve Offering to Drive Institutional BTC Finance Adoption
Solv is attempting to offer an "on-chain MicroStrategy" model, referencing the Michael Saylor-founded software company that now owns nearly 500,000 BTC
European markets dip as Trump vows to respond to EU’s counter tariffs
European markets respond to escalating tariff anxieties, as Canada and the EU announced countermeasures to the US’ 25% steel and aluminium tariffs.View on euronews
The big Trump-driven market slumps, bumps and jumps in charts
LONDON (Reuters) -Below are some of the sizable financial market moves prompted by the actions of U.S. President Donald Trump in recent weeks from his re-ignition of a global trade war to the signal that Europe can no longer take the support of U.S. military muscle for granted. King dollar has been brought down a peg or two amid worries that a global trade war combined with a mass cull of government workers will finally put the brakes on the U.S. economy. Euro and yen have had their own fires lit thanks to Europe's massive defence spending plans and the Bank of Japan's interest rate hikes.
G-III (NASDAQ:GIII) Beats Q4 Sales Targets But Full-Year Sales Guidance Misses Expectations
Fashion conglomerate G-III (NASDAQ:GIII) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.8% year on year to $839.5 million. On the other hand, next quarter’s revenue guidance of $580 million was less impressive, coming in 6.9% below analysts’ estimates. Its GAAP profit of $1.07 per share was 7.9% above analysts’ consensus estimates.
Dollar General’s (NYSE:DG) Q4 Earnings Results: Revenue In Line With Expectations, Stock Soars
Discount retailer Dollar General (NYSE:DG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.5% year on year to $10.3 billion. Its GAAP profit of $0.87 per share was 42% below analysts’ consensus estimates.
Morning Bid: Markets now eye government shutdown after trade row
From one crunch to another, markets are finding it hard to catch a break as we go from tit-for-tat trade wars one day to U.S. government shutdown fears the next. Today I'll take a look at how all of the U.S. policy uncertainty and diplomatic upheavals have sparked a conversation in global investment circles about trust and transparency in U.S. governance and how eroding that could undermine the U.S. position as the world's dominant investment destination. Today's Market Minute * President Donald Trump threatened on Wednesday to escalatea global trade war with further tariffs on European Union goods,as major U.S. trading partners said they would retaliate fortrade barriers already erected by the U.S. president.
A hedge fund bet against a $4 billion fintech after it claimed a reverse image search of customer reviews revealed stock photos of women
A short seller is betting the remittance and money transferring business’ stock price will tumble.
Barclays expects US Fed to deliver two rate cuts this year on softer labor market activity
The brokerage is expecting two quarter-point rate cuts in June and September, it said on Thursday. "The softer labor market causes us to add another rate cut, despite higher inflation," Barclays analysts said. The brokerage expects demand for workers to diminish along with slowing labor market activity this year.
Wall St trips on Trump's latest tariff threat; inflation data offers respite
The main U.S. stock indexes slipped on Thursday as President Donald Trump's escalated tariff rhetoric against the European Union impacted investor sentiment, although cooling inflation provided some relief. In his latest trade salvo, Trump announced a plan to levy a 200% duty on European beverage imports unless the EU removes surcharges on U.S. whiskey. He had previously threatened to penalize the bloc if it imposed retaliatory tariffs on American goods next month.
Here's What the Strategic Bitcoin Reserve Could Mean for Bitcoin
Bitcoin (CRYPTO: BTC) is going to be held in a United States Strategic Bitcoin Reserve, according to comments by President Donald Trump and an executive order issued on March 6. This is a watershed moment for the coin, and it might be just the first of a series of similar catalysts if other governments around the world follow suit. Per the White House, the new Strategic Bitcoin Reserve will be stocked with Bitcoin that the Department of Treasury came into the possession of via criminal or civil asset forfeitures, as well as via other avenues that do not involve buying it directly.