News

A 40x Bitcoin whale wagers against BTC as volatility swings following the FOMC decision, liquidating a $27.5 million short at $85,545.

(Reuters) -Kraken, one of the world's largest cryptocurrency exchanges, said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset classes and grow its user base. The acquisition comes at a time the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted crypto donors during the election and promised to support the sector. Earlier this month, the U.S. Securities and Exchange Commission dismissed a civil lawsuit accusing Kraken of operating illegally as an unregistered securities exchange.

U.S. stocks took heart from the Federal Reserve's benign actions this week, taking solace in Chair Jerome Powell's relatively sanguine view of the potential inflationary effects of rising trade tariffs and announcements of a sharp slowdown in the Fed's balance sheet unwind. Today I'll discuss the effects of the Fed's statements as well as President Donald Trump's reaction. * The Federal Reserve has signalled it is no rush to cut U.S. interest rates, drawing the ire of President Donald Trump, who demanded in a social media post the central bank "do the right thing".

U.S. President Donald Trump's tariff threat could motivate more Canadian lumber producers to shift to the U.S. southern border while accelerating efforts to find new markets, industry experts said. The levies are the latest in a nearly four-decade dispute between the neighbors over softwood lumber, used in construction, furniture and paper production. Levies on Canadian lumber could hit 40% if current duties of 14.54%, and Trump's proposed 25% tariffs are added.

Swiss National Bank continued to lower interest rates in March, while highlighting that external geopolitical risks could still be a threat to the Swiss economy and exports.View on euronews

(Reuters) -Consultancy firm Accenture said on Thursday the Trump administration's efforts to reduce federal spending have led to delays and cancellations of new contracts, sending the company's shares down more than 6%. The new U.S. administration and its Department of Government Efficiency (DOGE), led by billionaire Elon Musk, have been implementing measures to slash spending and reduce the size of the federal workforce. Accenture said its federal services unit is facing a slowdown as the U.S. General Services Administration instructed all federal agencies to review their contracts with consulting firms and cancel contracts that are not essential.

Footwear retailer Shoe Carnival (NASDAQ:SCVL) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 6.1% year on year to $262.9 million. The company’s full-year revenue guidance of $1.19 billion at the midpoint came in 5.2% below analysts’ estimates. Its GAAP profit of $0.53 per share was 15.2% above analysts’ consensus estimates.