Author: Journalist

Donald Trump is pledging to be a pro-crypto president, and the new administration’s affinity for digital assets likely won’t stop with the commander in chief. Vice President-elect JD Vance and several of Trump’s presidential nominees have in the past disclosed or discussed their exposure to cryptocurrencies through asset ownership or business interests, according to federal filings and public statements. They include Robert Kennedy Jr., Howard Lutnick, Pete Hegseth, and Tulsi Gabbard — Trump’s picks to be Health and Human Services secretary, Commerce secretary, Defense secretary, and director of national intelligence, respectively. Even Trump himself has acknowledged in past filings being…

Bitcoin’s (BTC-USD) cross above $100,000 has emboldened Wall Street bulls. After Trump’s election win catalyzed a crypto rally with hopes support of digital currencies and a more friendly regulatory regime would bolster the space, this week’s push to record highs above $103,000 per bitcoin has some strategists looking for another doubling in price by the end of next year. “We remain convinced $100,000 is not the final milestone,” Bernstein analyst Gautam Chhugani wrote in a note on Thursday. “We expect Bitcoin to hit a cycle-high of $200,000 in late 2025,” Ghhugani noted President-elect Donald Trump’s pick of crypto advocate Paul…

Lululemon (LULU) is set to report its third quarter results after the closing bell on Thursday as the retailer grapples with slowing sales growth and concerns over increased competition heading into the critical holiday shopping season. The stock, one of the worst performers in the S&P 500 (^GSPC) this year, has plummeted over 30% as newer brands like Alo and Vuori capture market share with trendier styles and products. Shares have also significantly underperformed the Consumer Discretionary sector (XLY), which is up about 27% over that same period. And although the stock has rebounded from the four-year lows it faced…

Oracle (ORCL) stock fell more than 7% Tuesday, putting shares on track for their steepest daily loss of the year following second-quarter results that fell short of Wall Street analyst expectations and a forecast for AI spending that drew investor scrutiny. Joining other high flying tech companies ramping up their cloud businesses, Oracle reaped the benefits from the rapid expansion of data infrastructure across corporate America. The company reported that revenue from its cloud Infrastructure unit surged 52% to $2.4 billion. But overall sales and earnings missed analyst forecasts. The company posted earnings of $1.47 a share, compared to analysts…

The targets range from 6,400 to 7,007. This implies returns between +5% and +15% from Friday’s close. It’s a tighter range than last year’s targets, with many clustering in that 8%-10% return expectation.Before we move on, I’d once again caution against putting too much weight into one-year targets. It’s extremely difficult to predict short-term moves in the market with any accuracy. Few on Wall Street have ever been able to do this consistently. DataTrek’s Nicholas Colas recently pointed out that the standard deviation around the mean annual total return for the S&P 500 is nearly 20 percentage points! More here.I…

Circle’s (CRCL) massive rally shows no signs of cooling. The stablecoin issuer soared as much as 15% in early trading on Friday, extending its stunning post-IPO surge as Wall Street bets big on crypto’s next major disruptor. “Circle as a top-tier crypto ‘disruptor’ with a sizeable future opportunity,” Seaport Research Partners analyst Jeff Cantwell wrote on Friday. “On the back of an improving regulatory climate, we expect adoption globally of stablecoins such as USDC,” he added. Cantwell initiated the stock with a Buy rating and a price target of $235 a share from Seaport Research Partners. During mid-morning trading on…

The crypto industry has emerged triumphant in the first half of 2025. Investors kicked off the year optimistic about the Trump administration’s crypto-friendly stance, including talk of a strategic bitcoin reserve. But enthusiasm wavered early on, after the launch of Trump- and Melania-themed meme coins stirred controversy during a pivotal time for the crypto world. Momentum returned with the appointment of Paul Atkins as SEC chair and the introduction of a dedicated crypto czar, helping push bitcoin to record highs just below $112,000. A sharp sell-off followed Trump’s April 2 “Liberation Day” tariffs, briefly cooling sentiment. But as June closes…

South Korea is looking for an extension to the July 9 tariff deadline as talks continue. The US has raised concerns over non-tariff barriers and broader defence. South Korea is not the only country looking to reach a deal with the US before the tariff deadline on July 9. “It seems some countries will reach a deal by July 8, some might be granted an extension to continue negotiations, while others will decide if they want to continue negotiating under tariffs or not,” the South Korean official told a briefing. Here’s how some of the other trading partners are managing…

Virtu Financial, LLC NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT) a leading provider of financial services and products that leverage cutting-edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, announces its recognition across multiple categories at The TRADE Leaders in Trading Awards, reflecting its ongoing commitment to innovation and excellence in trading technology. At the European awards ceremony, Virtu was honored with Best Access to Market and Best Dark Pool Capabilities. In addition, Virtu Triton EMS received recognition for: Best User Experience, Best Provider for Large…

Oscar Raposo Joins Scouting America as New Chief Financial Officer Oscar Raposo, Chief Financial Officer, Scouting America IRVING, TX, Dec. 09, 2024 (GLOBE NEWSWIRE) — Scouting America, the nation’s foremost youth program of character development and values-based leadership training, is proud to announce that Oscar Raposo has joined the organization as its Chief Financial Officer. “We are delighted to welcome Oscar to Scouting America,” said Roger Krone, president & chief executive officer at Scouting America. “His extensive experience in financial management and his passion for Scouting make him an invaluable asset to our organization. We are confident that his leadership…