The tobacco giant raised profit guidance for the year, betting on the booming sales of the nicotine pouches.
Nvidia, Other Chip Stocks Rally as Trump Says China Tariffs Will Come Down
Chip stocks including Nvidia and Broadcom rose sharply Wednesday, a day after President Donald Trump reportedly said the administration's tariffs on China "will come down substantially."
Cantor Prepares $3 Billion Crypto Firm With Tether
(Bloomberg) -- Cantor Fitzgerald LP, Tether Holdings Ltd. and SoftBank Group are in talks to form a $3 billion vehicle that would absorb billions of dollars in cryptocurrency. Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisStable
Bitcoin Breaches 'Ichimoku Cloud' to Flash Bullish Signal While Altcoins Lag: Technical Analysis
Major altcoins have yet to achieve similar breakouts.
Wall Street rallies as worries about tariff war, Powell tenure subside
The prospect of negotiations between Washington and Beijing, currently locked in an escalating tit-for-tat tariff war, helped lift sentiment after a Wall Street Journal report cited a senior White House official as saying that U.S. tariffs on China were likely to come down to between roughly 50% and 60%. The three main indexes were already in recovery mode after Trump said late on Tuesday he had "no intention" of firing Powell, walking back last week's market rattling comment that the Fed chair's termination could not come "fast enough" that had drawn heavy criticism.
E-commerce margins set to rise as trade war reshapes market: ShipHero CEO
Chinese sellers are now forced to play by the same rules as U.S.-based vendors. The post E-commerce margins set to rise as trade war reshapes market: ShipHero CEO appeared first on FreightWaves.
Richard Branson says Trump’s tariffs messed up a promising economy: ‘Everything was going so bloody well up to about three months ago’
The billionaire entrepreneur sees Trump’s hard-line trade policies as reflecting the views of a “fairly small elite [group] of people around” him.
Death by a Thousand Pools: How Liquidity Fragmentation Threatens DeFi
Securing sustainable liquidity will be essential for DeFi's future, says Jason Hall of Turtle Club.
Crypto Investors: Avoid 3 Easily Missed Tax Mistakes Next Year
If crypto were a celebrity, you could describe its journey as a surprising rise from obscurity to cult classic to mainstream appeal, and you could even go so far as to say it's in danger of being...
US stocks rally as Trump signals thaw in trade war, Tesla shares soar
U.S. stocks rallied in early trading on Wednesday, one day after President Donald Trump said tariffs on China would “come down substantially.” Trump also appeared to soften previous attacks on the Federal Reserve, saying late Tuesday he has "no intention" of firing top central banker Jerome Powell. In public remarks on Wednesday, Treasury Secretary Scott Bessent said the U.S. is willing to negotiate with China, which sent markets higher.