Australia's corporate regulator said on Tuesday the country's stock market operator would be required to publish a comparison of clearing and settlement fees against foreign providers and justify any fee increases, in a bid to promote competition. The Australian Securities and Investments Commission (ASIC) said ASX, responsible for some A$5 billion ($3.2 billion) of trades a day, must ensure its clearing and settlement services were offered in a transparent and non-discriminatory way. "This is about limiting ASX's ability to misuse its monopoly power to deter new entrants," ASIC Chair Joe Longo said in a statement.
Bitcoin could ‘definitely surpass’ gold’s market cap by the end of 2025, says Bitget CEO
Bitcoin’s market cap stands at $1.87 trillion, while gold's market cap is approximately $19.9 trillion. For BTC to match gold, it would need to increase by around 965%, or 10.65x its current value.
Watch These Tesla Stock Price Levels as February Slump Accelerates
Tesla shares fell again Monday, extending a recent slump that has made the stock the weakest performer in the Magnificent 7 so far in 2025.
Trump teases 'economic development' with Russia as he marks the third year of the war in Ukraine
President Donald Trump added a new wrinkle to ongoing talks that he says may help end the war in Ukraine: new "economic development" with Russia.
Primoris (NYSE:PRIM) Reports Bullish Q4, Stock Soars
Infrastructure construction company Primoris (NYSE:PRIM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.9% year on year to $1.74 billion. Its non-GAAP profit of $1.13 per share was 51.2% above analysts’ consensus estimates.
US says OKX crypto exchange operator enters $505 million guilty plea
The operator of the OKX cryptocurrency exchange pleaded guilty on Monday to violating U.S. anti-money laundering laws and will pay nearly $505 million in fines and forfeited fees, the U.S. Department of Justice said. It entered its plea at a hearing before U.S. District Judge Katherine Polk Failla in Manhattan, who imposed the sentence. OKX is the world's fourth-ranked cryptocurrency spot exchange based on traffic, liquidity, trading volumes, and confidence in the legitimacy of reported trading volumes, according to CoinMarketCap.
Stock market today: Nasdaq, S&P 500 slide as tech lags after Trump backs tariff plans
Stocks are eyeing a rebound as investors eye tariff risks to Nvidia in the countdown to its earnings
Myriad Genetics (NASDAQ:MYGN) Misses Q4 Sales Targets, Stock Drops
Genetic testing company Myriad Genetics (NASDAQ:MYGN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 7.1% year on year to $210.6 million. The company’s full-year revenue guidance of $850 million at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $0.03 per share was in line with analysts’ consensus estimates.
FARO (NASDAQ:FARO) Exceeds Q4 Expectations, Stock Soars
3D measurement and imaging company FARO (NASDAQ:FARO) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.4% year on year to $93.54 million. The company expects next quarter’s revenue to be around $81 million, close to analysts’ estimates. Its non-GAAP profit of $0.50 per share was 25% above analysts’ consensus estimates.
Zoom (NASDAQ:ZM) Posts Q4 Sales In Line With Estimates, Guides For 2.7% Growth Next Year
Video conferencing platform Zoom (NASDAQ:ZM) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.3% year on year to $1.18 billion. On the other hand, next quarter’s revenue guidance of $1.16 billion was less impressive, coming in 0.8% below analysts’ estimates. Its non-GAAP profit of $1.41 per share was 4.6% above analysts’ consensus estimates.