The founder of a cryptocurrency financial services firm has been extradited from Portugal to face U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the founder and CEO of cryptocurrency "market maker" Gotbit, was ordered detained following an appearance in Boston federal court on Wednesday, one day after his extradition, the U.S. Department of Justice said. The 26-year-old Russian national during the court hearing pleaded not guilty to charges of wire fraud and conspiracy to commit market manipulation and wire fraud.
3PL Summit: Truckstop’s state of the spot market | WHAT THE TRUCK?!?
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Sean Dehan; David Bell; Steve Gold The post 3PL Summit: Truckstop’s state of the spot market | WHAT THE TRUCK?!? appeared first on FreightWaves.
Luxfer (LXFR) Stock Trades Down, Here Is Why
Shares of speciality material and gas containment company Luxfer (NYSE:LXFR) fell 8.4% in the morning session after the company reported an underwhelming Q4 2024 result, as its full-year revenue and EBITDA guidance fell short of expectations. However, quarterly results were strong, with revenue, EPS, and EBITDA significantly surpassing analysts' estimates. Zooming out, we think this was a mixed quarter.
Why United Therapeutics (UTHR) Stock Is Down Today
Shares of biotechnology company United Therapeutics (NASDAQ:UTHR) fell 10.9% in the afternoon session after the company reported disappointing fourth-quarter results: EPS missed analysts' expectations, and sales were underwhelming, coming in line with expectations. We struggled to find many positives in these results, especially because EPS missed. Overall, this quarter could have been better.
U.S. House Committee Advances Effort to Erase IRS' DeFi Tax Rule
A joint resolution in Congress seeks to reverse a December move by the IRS to impose a tax regime in DeFi, and the House has taken the first steps to do that.
Why Zeta (ZETA) Stock Is Down Today
Shares of advertising and marketing company Zeta Global (NYSE:ZETA) fell 13.8% in the pre-market session after the company reported weak fourth quarter 2024 results as its revenue guidance for next year suggests a significant slowdown in demand, and its revenue guidance for next quarter fell slightly short of Wall Street's estimates. On the other hand, Zeta reported optimistic EBITDA guidance for the next quarter, which blew past analysts' expectations, and its full-year EBITDA guidance trumped
Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto
Tyler Williams previously served several roles in the U.S. government.
Why AMC Entertainment (AMC) Stock Is Up Today
Shares of theater company AMC Entertainment (NYSE:AMC) jumped 6.1% in the pre-market session after the company posted a strong fourth-quarter 2024 performance, far surpassing analysts' EBITDA forecasts, with adjusted EBITDA more than tripling from last year. Revenue also beat Wall Street estimates, fueled by a strong box office lineup and a 20% jump in attendance. However, despite solid revenue and EBITDA gains, EPS fell well below expectations. Overall, this was a mixed yet decent quarter.
Why SPX Technologies (SPXC) Stock Is Up Today
Shares of industrial conglomerate SPX Technologies (NYSE:SPXC) jumped 14.5% in the morning session after the company reported strong fourth-quarter results, with revenue rising 14% year-on-year, fueled by continued strength in its HVAC segment. SPXC's full-year 2025 guidance for revenue and adjusted EBITDA also came in above analysts' expectations. Overall, the quarter highlighted key positives.
Elon Musk has been entrusted with federal cost-cutting. Meanwhile, his businesses have collected a reported $38 billion in government funds—including millions loaned to Tesla when it was struggling
Almost two-thirds of the $38 billion in funds were pledged to his businesses in the past five years, per the report.