Trump’s crypto reserve is being panned by crypto leaders. Here’s why it’s actually a good idea
A U.S. strategic crypto reserve addresses both geopolitical vulnerabilities and economic innovation.
Crypto Market Sell-Off: Is It Time to Buy Bitcoin?
Bitcoin (CRYPTO: BTC) is now down 18% from an all-time high of $109,000 in mid-January, and trades around the $89,000 level on March 3. Once you analyze Bitcoin's historical track record over more than a decade, one thing becomes immediately clear: A decline of 25% is pretty much par for the course for Bitcoin. For example, in the period from 2016 to 2018, as Bitcoin soared to a new all-time high, it had downturns of 38%, 38%, 33%, 38%, 36%, and 29% along the way.
EVgo (NASDAQ:EVGO) Reports Sales Below Analyst Estimates In Q4 Earnings
Electric vehicle charging company EVgo (NASDAQ:EVGO) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 35% year on year to $67.51 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $360 million at the midpoint. Its GAAP loss of $0.11 per share was 13.9% below analysts’ consensus estimates.
Crypto Daybook Americas: Carnage in BTC and Altcoins a Warning Sign for Equities
Your day-ahead look for March 4, 2025
Olaplex’s (NASDAQ:OLPX) Q4: Strong Sales, Stock Jumps 10.2%
Hair care company Olaplex (NASDAQ:OLPX) announced better-than-expected revenue in Q4 CY2024, but sales fell by 9.8% year on year to $100.7 million. The company’s full-year revenue guidance of $420.5 million at the midpoint came in 4.4% above analysts’ estimates. Its non-GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.
Global markets tumble as Trump tariffs on Canada, Mexico, and China spark trade war fears
Growth expectations for the U.S. economy are falling as China and Canada announce their next move in the tit-for-tat trade spat with the White House.
Nasdaq falls into correction territory as trade war worries weigh
Wall Street's main indexes fell on Tuesday, with the tech-heavy Nasdaq leading declines, as investors feared that an escalating trade war between the U.S. and its partners could damage the economy. The Nasdaq Composite index fell 10% from its record high hit on December 16 into what is commonly known as correction territory. At 10:01 a.m. ET, the Dow Jones Industrial Average fell 610.73 points, or 1.41%, to 42,580.51, the S&P 500 lost 86.35 points, or 1.50%, to 5,762.26 and the Nasdaq Composite lost 284.14 points, or 1.55%, to 18,066.06.
Fed's tools, goals under the microscope as US House task force gets underway
WASHINGTON (Reuters) -A new task force in the Republican-controlled U.S. House of Representatives on Tuesday began an examination of the Federal Reserve's role and goals, with Republicans raising questions about its track record on controlling inflation, and Democrats on watch for the impact of President Donald Trump's freshly imposed tariffs and other economic policies. Unlike some congressional task forces that mostly operate on the back burner, the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force's inaugural hearing drew support from the committee's top leadership, with both Chairman French Hill and the House Financial Services Committee's top Democrat, Representative Maxine Waters, querying witnesses.
The state of the US economy, in 9 charts
President Donald Trump on Tuesday will address Congress for the first time in his second term, and he’ll do with an economy that’s continuing to chug along.
Best money market account rates today: March 4, 2025 (earn up to 4.51% APY)
Money market account interest rates today are still well above historical norms. Find out where to get the best money market account rates now.