Citigroup Inc. is considering offering some custody and related services for stablecoins, a senior executive told Reuters, the latest indication that broad policy shifts in Washington are pushing large financial firms to expand into cryptocurrency.The US Bank is not alone in having an eye on the stablecoin market; it joins…
The first two shipments of Venezuelan oil exported by Chevron Corp (CVX.N) since getting a renewed US license last month have left for the United States, according to vessel monitoring data released on Friday.In late July, the US Treasury Department gave Chevron a new license to operate in the sanctioned…
Brazil and Canada are ready to revive stalled talks on an “action plan” to free up trade between Ottawa and the Mercosur trade bloc, said Brazil’s foreign trade secretary, Tatiana Prazeres.The current exchanges are a “constructive dialogue,” Prazeres explained, adding that Canadian officials are scheduled to visit Brazil at the…
Opendoor Technologies shares jumped about 16% on Friday following the announcement that CEO Carrie Wheeler will step down from the online real estate company.Wheeler, who took over in 2022, said she is accelerating succession plans she had shared with the board earlier this year, citing the need for fresh leadership…
Shares of Applied Materials fell nearly 14% in premarket trading on Friday after the US chip equipment maker issued a downbeat fiscal fourth-quarter forecast, citing sluggish demand from China and growing tariff-related risks.The Santa Clara, California-based company projected adjusted earnings per share of $2.11, plus or minus 20 cents, for…
Shares of Tapestry, the parent company of Coach, dropped nearly 16% on Thursday following the company’s warning that tariffs introduced by former US President Donald Trump would negatively impact profits. The sell-off came despite a strong year-to-date performance, with the stock up more than 46% in 2025 before the latest…
Nu Holdings stock price jumped in the pre-market session on Friday as investors cheered its strong revenue growth and guidance. It jumped to a high of $13.18, up by almost 10% from its closing of $12. It has jumped by over 47% from its lowest level in April. Nu Holdings business…
Trade Desk Inc.’s early days in the S&P 500 have been rocky. Shares of the advertising-technology provider have dropped 33% since being named to the benchmark index on July 14 and are down 38% since officially joining on July 18, making it the worst-performing stock in the S&P 500 so…
The US markets opened largely unchanged on Friday, buoyed by retail sales data that pointed to continued consumer strength as the market digested hotter-than-expected wholesale inflation, as Wall Street prepared to close another week of gains. The S&P 500 index gained 0.03%, while the Dow Jones Industrial Average advanced 200…
Cisco Systems’ shares fell more than 2% on Friday after HSBC downgraded the networking equipment maker from “buy” to “hold”, citing concerns that the company’s recent restocking boost is losing steam. The bank also lowered its price target to $69 per share from $73, implying a modest 0.4% downside from…