Michael Saylor and Jim Chanos clash over Strategy's valuation as Bitcoin-backed debt fuels Wall Street drama.
Oxford Industries: Fiscal Q1 Earnings Snapshot
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $1.82 per share. The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $392.9 million in the period, surpassing Street forecasts.
How major US stock indexes fared Wednesday, 6/11/2025
Wall Street's rally stalled after stocks climbed back within 2% of their all-time high. The S&P 500 slipped 0.3% Wednesday, marking its first drop in four days. The Dow Jones Industrial Average ended little changed, and the Nasdaq composite lost 0.5%.
How major US stock indexes fared Wednesday, 6/11/2025
Wall Street's rally stalled after stocks climbed back within 2% of their all-time high. The S&P 500 slipped 0.3% Wednesday, marking its first drop in four days. The Dow Jones Industrial Average ended little changed, and the Nasdaq composite lost 0.5%.
Bitcoin loans fund homes and bills, says Ledn co-founder
Mauricio Di Bartolomeo explains how borrowers use Bitcoin loans for homes, business expenses and monthly bills — never selling coins or triggering a taxable event.
Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data
The U.S. president posted on social media that the relationship between the two superpowers is “EXCELLENT.”
Oracle soars after raising annual forecast on robust cloud services demand
(Reuters) -Oracle raised its annual revenue growth forecast on Wednesday, betting on robust demand for its cloud offerings from companies deploying artificial intelligence, sending its shares up more than 7% after the bell. For fiscal 2026, Oracle expects total revenue to be at least $67 billion, CEO Safra Catz said on a post-earnings call. With the new forecast, annual revenue is expected to grow by around 16.7%, compared with Oracle's prior projection of a 15% growth.
Watch These Bitcoin Price Levels as Cryptocurrency Back Near Record High
Bitcoin has hovered just below its record high in recent days as economic data has been encouraging and investor risk appetite has remained strong. Monitor these key chart levels.
Subdued consumer inflation in May surprises, but likely not enough for Fed
Investing.com -- With the implementation of President Trump’s aggressive tariff policy, economists were pleasantly surprised by today’s milder-than-expected CPI reading. However, overall, they don’t see it being enough to move the U.S. Federal Reserve on rates.
CoinDesk Live at Ripple Apex 2025 | Day 1
CoinDesk Live is coming to you from the XRPL community's biggest gathering of the year at Apex 2025. Tune in to hear firsthand about XRP Ledger innovations as we speak with the visionaries reshaping the future of finance.