Asian shares were mostly higher in thin Good Friday trading after a bumpy ride on Wall Street, where the Dow industrials lost 1.3% as UnitedHealth shed more than a fifth of its value due to a weaker-than-expected profit report. U.S. stock and bond markets will be closed on Friday. Taiwan's Taiex gained 0.3% and regional tech companies advanced after global heavyweight Taiwan Semiconductor Manufacturing Co. reported a profit for the latest quarter that matched analysts’ expectations.
Netflix Darling Stocks Rise as Korea Election, Tariff Haven Bets
(Bloomberg) -- South Korean entertainment stocks rose Friday after the nation’s presidential front-runner pledged greater support for cultural exports and government incentives for the industry.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveTrump Administration Takes Over New York Penn Station RevampHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedK-culture
Watch These Netflix Price Levels as Stock Jumps After Strong Earnings
Netflix shares jumped in extended trading Thursday after the streaming giant posted first-quarter earnings that topped Wall Street expectations, boosted by higher subscription prices and ad revenues. Monitor these key support and resistance levels on the weekly chart.
Elizabeth Warren warns of a stock market crash if Trump can fire Jerome Powell
The senator said an independent Fed is crucial for the US and global economic stability.
Bitcoin Price Stays Flat at $85,000 as Market Faces Uncertainty From Trump's Tariffs and Fed's Inaction
Bitcoin’s price has been stable around $85,000 in recent days, showing minimal movement despite broader market uncertainty.
Babylon Labs Sees $1.26 Billion in Bitcoin Unstaked, Dropping TVL by 32%
Babylon Labs has seen its total value locked (TVL) drop by 32%, following the unstaking of $1.26 billion in Bitcoin from its platform.
Five takeaways from the State of Freight: a market at the precipice
The State of Freight webinar focused on a market that is coming to terms with a raging trade war The post Five takeaways from the State of Freight: a market at the precipice appeared first on FreightWaves.
VanEck to Launch New ETF Tracking Crypto Stocks
- VanEck got the greenlight from the SEC to launch a new ETF tracking crypto stocks. - The ETF will invest at least 80% of net assets in crypto-related companies. - The management fee will be 0.69%.
Fed proposes averaging large bank stress test results to reduce volatility
The Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday, proposing to average results over two years in setting capital requirements. The central bank also proposed giving banks three more months to adjust to the capital requirements set by the exam, as part of its overarching bid to make the process more transparent and less volatile. Under the proposal, banks receiving test results in June would have until January to adjust capital plans, as opposed to the current October deadline.
UnitedHealth Loses $120 Billion in Value on Stock's Worst Day Since 1998
UnitedHealth Group stock had one of its worst days ever on Thursday after the healthcare giant unexpectedly cut its profit forecast for the year.