News

Bitcoin recently hit a price of $95,000 for the first time in two months, signaling a potential recovery. More investors are now viewing Bitcoin as a potential hedge and long-term store of value. After weeks of outflows, the spot Bitcoin ETFs are beginning to see significant inflows.

The offering aims to make real-world asset tokens competitive with stablecoins for DeFi yield strategies, Securitize's Reid Simon said.

General Motors is heavily exposed to tariffs, including almost entire Buick brand, but Trump’s waffling offers some relief.

Welding equipment manufacturer Lincoln Electric (NASDAQ:LECO) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 2.4% year on year to $1.00 billion. Its non-GAAP profit of $2.16 per share was 3.2% below analysts’ consensus estimates.

Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQ:ROCK) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $290 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.43 billion at the midpoint. Its non-GAAP profit of $0.95 per share was 17.8% above analysts’ consensus estimates.

Specialty food company Lancaster Colony (NASDAQ:LANC) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 2.9% year on year to $457.8 million. Its GAAP profit of $0.95 per share was 39.8% below analysts’ consensus estimates.

News of the day for April 30, 2025

Eyecare company Bausch + Lomb (NYSE:BLCO) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 3.5% year on year to $1.14 billion. On the other hand, the company’s full-year revenue guidance of $5.05 billion at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP loss of $0.15 per share was significantly below analysts’ consensus estimates.

WASHINGTON (Reuters) -U.S. House Republicans on Wednesday advanced a new $250 annual fee on electric cars but dropped a $20 federal yearly registration fee on all vehicles starting in 2031 to fund road repairs as part of a tax reform bill under consideration. The House Transportation and Infrastructure Committee voted 36-30 to approve a proposal from Representative Sam Graves, who heads the panel. The proposal includes $12.5 billion for air traffic control reform efforts, down from $15 billion in an early draft.

Payroll and HR services provider Automatic Data Processing (NASDAQ:ADP) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 5.7% year on year to $5.55 billion. Its non-GAAP profit of $3.06 per share was 2.9% above analysts’ consensus estimates.