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Stocks

“Target shares spike as profits rise, despite cautious sales outlook”

“Target said Wednesday that sales grew about 3% in its fiscal second quarter, a return to growth after a prolonged stretch of sluggish sales and squeezed profits… Even so, the company stuck by its previous full-year sales forecast and struck a… Continue Reading…

Cryptocurrencies

“Crypto industry accounts for almost half of corporate donations in 2024 election, report says”

“A report this week from Public Citizen found that crypto companies have accounted for nearly half of all donations made by corporations this election cycle. Crypto-aligned corporations have spent more than $119 million so far on 2024 elections. Most of… Continue Reading…

Cryptocurrencies

“Wyoming is pushing crypto payments and trying to beat the Fed to a digital dollar”

“…The state is creating its own U.S. dollar-backed stablecoin, called the Wyoming stable token, which it plans to launch in the first quarter of 2025 to give individuals and businesses a faster and cheaper way to transact while creating a… Continue Reading…

Stocks

“Cava earnings beat estimates as restaurant traffic climbs nearly 10%”

“…Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close… The Mediterranean restaurant chain reported fiscal second-quarter net… Continue Reading…

Stocks

“Billionaires Are Selling Nvidia Stock and Buying an Index Fund That May Soar Up to 83,000%, According to Wall Street Experts”

“…David Shaw at D.E. Shaw sold 12.1 million shares of Nvidia, trimming his position by 52%. Meanwhile, he bought 2.4 million shares of the iShares Bitcoin Trust, increasing his position by 1,658%. Steven Cohen at Point72 Asset Management sold 409,042… Continue Reading…

Banking, Business

“Deutsche Bank shares rise 3% after settlement of bulk of claims in long-running Postbank suit”

“Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago. The German lender said the settlement would allow it to release… Continue Reading…

Energy

“U.S. crude oil holds above $72 per barrel after erasing most of 2024 gain”

“…The U.S. benchmark is now up just 0.91% for the year, while global benchmark Brent crude has erased all of its gains for 2024. Oil prices settled more than 1% lower on Wednesday after U.S. job growth was revised significantly lower,… Continue Reading…

Stocks

“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”

“…The company’s shares rose more than 15% in morning trading. Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: For the three-month period that ended June… Continue Reading…