Nobel Prize-winning economist: Bitcoin will be worth nothing in 10 years
'Father of modern finance' Eugene F. Fama says cryptocurrency as "a medium of exchange is not supposed to survive."
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Paylocity’s (NASDAQ:PCTY) Q4 Sales Top Estimates, Provides Encouraging Quarterly Revenue Guidance
Payroll and human resources software provider, Paylocity (NASDAQ:PCTY) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 15.5% year on year to $377 million. Guidance for next quarter’s revenue was better than expected at $441.5 million at the midpoint, 1.9% above analysts’ estimates. Its non-GAAP profit of $1.52 per share was 6.6% above analysts’ consensus estimates.
Dallas Fed's Logan signals rate cuts require US labor market cooling
She said she would view the combination of slowing inflation and a strong labor market as evidence that monetary policy was not meaningfully restrictive. While good news, she said in remarks prepared for delivery to a Bank for International Settlements conference in Mexico City, "it wouldn't necessarily allow the (Fed) to cut rates soon."
Bessent Calms Markets by Leaving US Dollar, Debt Plans Intact
(Bloomberg) -- US Treasury Secretary Scott Bessent said he favors a strong dollar and has no plans to alter the government’s debt-issuance plans, showing a cautious approach toward financial markets from an administration that’s elsewhere rapidly upending the status quo.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm
Donald Trump Jr Says Crypto Is the 'Future of American Hegemony'
The son of the U.S. president made a surprise appearance at the Ondo Summit in New York City on Thursday.
Universal Logistics’s (NASDAQ:ULH) Q4 Sales Beat Estimates
Transportation and logistics solutions provider Universal Logistics (NASDAQ:ULH) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 19% year on year to $465.1 million. Its GAAP profit of $0.77 per share was 17.2% below analysts’ consensus estimates.
GoPro’s (NASDAQ:GPRO) Q4 Sales Top Estimates But Stock Drops
Action camera company GoPro (NASDAQ:GPRO) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 32% year on year to $200.9 million. On the other hand, next quarter’s revenue guidance of $125 million was less impressive, coming in 8.8% below analysts’ estimates. Its non-GAAP loss of $0.09 per share was 21.7% above analysts’ consensus estimates.