Trump signs order establishing strategic bitcoin reserve. But it’s not what crypto industry ultimately wants.
Bitcoin fell after President Donald Trump signed an executive order Thursday evening to establish a strategic bitcoin reserve and a separate digital-asset stockpile for cryptocurrencies other than bitcoin, one day ahead of Trump’s first White House crypto summit.
Costco (COST) Q2 2025 earnings
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose. Shares ticked down over 1% in extended trading on Thursday evening. Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based on a survey […]
Broadcom’s stock pops as upbeat earnings outlook soothes AI investors
It’s been a tough stretch for AI stocks, but Broadcom’s guidance brought the sort of upside investors wanted to see.
Gap (GAP) earnings Q4 2024
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty Images Gap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than […]
Women’s pro tennis introduces paid maternity leave funded by Saudi PIF
Victoria Azarenka plays a backhand against Iga Swiatek of Poland in their second round match during day three of the Dubai Duty Free Tennis Championships, part of the Hologic WTA Tour at Dubai Duty Free Tennis Stadium on February 18, 2025 in Dubai, United Arab Emirates. Christopher Pike | Getty Images Big changes are coming […]
Why 10-year Treasury note, dollar are getting hit by Germany’s spending plans
Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy, which is denting the appeal of the U.S. dollar and long-dated Treasurys.
Family offices rattled by market swings and tariffs
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. While family offices pride themselves on investing for the long term, this week’s tariff volatility and confusion around government […]
Treasury yields steady after drop in weekly jobless claims
Yields on U.S. government debt were mixed Thursday morning after weekly jobless claims receded and as risks from tariffs appeared to weigh on broader sentiment.
Macy’s (M) Q4 2024 earnings
Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to take the chain private. Across the business, which includes the Macy’s banner, Bloomingdale’s and Blue Mercury, comparable sales during the all-important […]
German bonds getting hit again as ECB set to cut rates. What will Lagarde say?
The German bond market is tumbling as the European Central Bank is meeting on interest rates and no one is quite sure what message European Central Bank President Christine Lagarde wants to send.
