Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto
Tyler Williams previously served several roles in the U.S. government.
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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.
Bitcoin ETFs Are Hit by a Record $1 Billion Outflow in One Day
(Bloomberg) -- Investors yanked more than $1 billion from spot Bitcoin exchange-traded funds Tuesday, marking the biggest one-day outflow since the cohort’s debut last January.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as C
Washington Post owner Jeff Bezos says opinion pages will defend free market and 'personal liberties'
The billionaire owner of The Washington Post, Jeff Bezos, narrowed the topics covered by its opinion section Wednesday to defending personal liberties and the free market, a pivot away from its traditional broad focus and prompting the news outlet’s opinion editor to resign. Bezos, who also is the founder and largest individual shareholder of Amazon, said on X that “viewpoints opposing those pillars will be left to be published by others.” The move was received by some as an indication that Bezos is making decisions for the storied news outlet with an eye toward avoiding retaliation by President Donald Trump.
Why Olo (OLO) Stock Is Trading Up Today
Shares of restaurant software company (NYSE:OLO) jumped 17.5% in the pre-market session after the company reported impressive fourth-quarter 2024 results that exceeded analysts' expectations for billings, revenue, and operating profits, while EPS was inline. Sales rose 21% year on year, driven by higher average revenue per unit and growth in active locations. However, net revenue retention declined to 115%, indicating that existing customers are not expanding usage as aggressively as before. Loo