Cloud storage and e-signature company Dropbox (Nasdaq: DBX) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 1.4% year on year to $643.6 million. Its non-GAAP profit of $0.73 per share was 16.8% above analysts’ consensus estimates.
Robinhood’s crypto wallet is simplifying access to DeFi, offering users a seamless transition from centralized finance to Web3.
US stocks fell Thursday after the world’s largest retailer warned that 2025 would be a rollercoaster ride and said it expected sales to slow this year amid fears that consumers are tapped out.
(Bloomberg) -- Investors in Japanese stocks are keeping a close watch out for Warren Buffett’s annual letter to shareholders in the hopes that it will provide a boost to the country’s trading houses.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid Scruti
Stocks were mostly lower on Thursday after a disappointing business forecast from retail giant Walmart. Here, we look at the latest noteworthy upgrades and downgrades of stocks made by analysts.
Home Depot is scheduled to report fourth-quarter earnings before the bell on Tuesday, with analysts expecting rising sales to have risen despite projecting comparable store sales to have declined for a ninth consecutive quarter.
(Bloomberg) -- Oil extended a string of marginal gains to settle above $72 a barrel amid uncertainty over global supplies and a slumping dollar that made commodities priced in the currency more attractive.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Targets $128 Billion California High-Speed Rail ProjectChild Migrant Watchdog Gutted in
Crypto crime has surged to an estimated $51 billion a year industry, according to Chainalysis.
WASHINGTON (Reuters) -The Federal Reserve's top regulatory official cautioned Thursday against a weakening of bank rules and oversight that could make firms vulnerable to surprise shocks. Fed Vice Chair for Supervision Michael Barr, who is stepping down from the regulatory post at the end of February, cautioned against any push to significantly weaken existing bank rules and supervision, and urged watchdogs to complete international capital standards. In what is expected to be his final speech as the Fed's rules chief, Barr maintained that strong rules and robust capital requirements for banks are needed to guard against unforseen shocks.
U.S. Securities and Exchange Commission has decided to withdraw its appeal of a decision by a federal judge late last year to vacate an overhaul of Treasury dealer rules, according to a court document filed on Wednesday. In a statement, the SEC said it decided to dismiss the appeal because the new rule could reduce "liquidity in the Treasury markets, making them more volatile, and increasing debt for taxpayers." One year ago, the SEC under Chair Gary Gensler adopted a rule requiring proprietary traders and other firms that routinely deal in U.S. government bonds to register as broker-dealers, subjecting them to stricter oversight.
