Last week, Bitcoin prices surged again, breaking past $100,000 and approaching the record high set in January this year.However, $Coinbase Global, Inc.(COIN)$ remains a particularly volatile stock, with its current share price still well below its late 2021 peak. The stock closed Monday at $207.22, giving it a market cap of $53 billion, but still far from its all-time high of $357.To be included in the S&P 500 Index, a company must be profitable in the most recent quarter and have positive earnings over the last four consecutive quarters.Coinbase reported net income of $65.6 million for Q1, or $0.24 per share, down from $1.18 billion, or $4.40 per share, a year earlier — the prior figure included gains from fair value adjustments on its crypto
Singapore banks may cut their earnings guidance for 2025, as uncertainty in the macroeconomic outlook weighs on their growth prospects for the year, analysts said.While the local lenders will likely continue to post resilient results for the first quarter of 2025, analysts noted a lack of clarity ahead. Several downgraded the sector ahead of the release of their results.
Buffett stated that he has no plans to sell his shares in Japan’s five major trading houses for a long time, noting that these companies have an excellent track record. Berkshire Hathaway will also continue to strengthen its ties with Japanese companies, with approximately $20 billion already invested in Japan.In the next 50 years, we won’t give a thought to selling those.Buffett’s designated successor, Greg Abel, said they envision holding the stocks of the Japanese trading companies for at least 50 years—or possibly forever.
$McDonald's(MCD)$ reports largest U.S. same-store sales decline since 2020One US netizen said, Paying $7 for a quick mediocre meal was one thing. Paying $12+ for the same quick mediocre meal means finding a fast casual sit down restaurant at comparable price, or bringing your own lunch to work. I'd imagine Taco Bell, Burger King, Carls Jr, etc., are in the same situation.
$Alphabet(GOOG)$ Q1 revenue exceeded expectations and EPS surged nearly 50%. The company also announced an additional $70 billion in stock buybacks. Its share price jumped as much as 6% in after-hours trading before settling to a gain of nearly 5%.
He’ll probably replace him with a yes man like Bessent. My bet is the market would react, negatively, very negatively to the news.Powell has handled inflation and covid decently well. Managed through Trumps first term and was re-elected by Biden even though Powell is a registered republican.My prediction is it will be seen as massive loss in federal banking stability and result in a crash in DXY. DXY could go to 90 in first 24h and S&P to 4500 as foreign investors start trumping treasuries to get ahead of Turkey like chaos.Further, we could also see increased selling of bonds and yields hitting 5%. We could see a double whammy of 08 like financial panic with tariffs induced geopolitical damage.
Investors should also watch this Friday’s first Triple Witching Day of 2025.What's Triple Witching Day? Triple witching refers to the simultaneous expiration of 3 types of derivatives on the same day, including index futures, index options and stock options. This event occurs on the third Friday of March, June, September, and December each year, making it a significant date for traders and investors in the financial markets. During this time, traders may rush to close or roll over their positions, leading to sharp price movements and heightened volatility. This phenomenon can result in substantial trading volume, as market participants adjust their strategies in response to the expirations3 Major Indices Weekly Performance during March Triple Witching 1994-2024Historical data shows that th
As more people return to office following the COVID-19 pandemic, it’s forcing people to finally upgrade their vehicles after years of making older cars last longer. With rising new car prices, more people are looking at used car sales. This is an incredible catalyst for Carvana.
Elon Musk said on Thursday his AI chatbot, and ChatGPT challenger, Grok 3, is in the final stages of development and will be released in about a week or two."Grok 3 has very powerful reasoning capabilities, so in the tests that we've done thus far, Grok 3 is outperforming anything that's been released, that we're aware of, so that's a good sign," he said in a video call addressing the World Governments Summit in Dubai.
Built on the Solana network, the $TRUMP token has a total supply capped at 1 billion coins, with 200 million available initially. The remaining supply will be released in phases over three years.