Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. Alphabet fell 8.8% even though Google’s parent company reported stronger profit for the latest quarter than analysts expected. Pressure is growing on Alphabet from Wall Street, and “investors will be asking what new products will be emerging to warrant the higher level of investment,” according to UBS analysts led by Stephen Ju.
Australia's Macquarie to wind down US debt capital markets arm, Bloomberg reports
Bloomberg said the move would impact roughly 80 jobs, with some of the affected employees transitioning to new roles, while others leaving the company. The change was communicated during a town hall meeting, the sources added, with Macquarie planning to sell positions it amassed through U.S. debt capital markets activities over the next two years. Macquarie, Australia's largest asset manager, generates revenue through infrastructure ownership, commodity trading in sectors like oil and gas, managing capital raisings for other companies, and offering home loans in its domestic market.
Trump admin reduces SEC team handling crypto enforcement
The team driving enforcement actions against crypto bad actors has largely been reassigned or demoted under the Trump administration.
Coinbase's head of research explains why ‘dinosaur altcoins’ are staging a comeback
Legacy investors fuel ‘dinosaur altcoin’ resurgence, says Coinbase’s David Duong. As meme coin hype fades, XRP, Cardano, and Hedera could see capital inflows.
Macquarie Shuts US Debt Capital Markets in Private Credit Pivot
(Bloomberg) -- Macquarie Group Ltd. is shuttering its US debt capital markets arm, a business that includes leveraged loan origination, syndication and trading, to focus resources on private credit, according to people with knowledge of the matter.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC’s Newest Transit Leader Builds a W
Active, Income, Crypto ETFs Shine Among etf.com Award Noms
Standout nominees for the 2025 etf.com Awards include cryptocurrency, thematic, and active ETFs
Bitcoin Mining Firm Bitdeer Purchases Canadian Power Facility for $21.7 Million
Bitcoin mining firm Bitdeer has announced the acquisition of a power project in Alberta, Canada, for $21.7 million.
Alphabet stock gets rocked after cloud computing and spending surprise: What Wall Street is saying
Alphabet's quarter was mixed, at best.
Bitcoin Drops Below Key 2025 Realized Price Level, Raising Risk of Further Downside: Van Straten
Over 2.6 million bitcoin in supply are currently at a loss, one of the highest levels this year.
Azenta’s (NASDAQ:AZTA) Q4 Sales Top Estimates
Life sciences company Azenta (NASDAQ:AZTA) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 4.4% year on year to $147.5 million. Its non-GAAP profit of $0.05 per share was in line with analysts’ consensus estimates.