LONDON — The U.K. is set to lift a ban on a key type of crypto debt security in a bid to catch up to the U.S. and other financial hubs as it looks to become a global hub for digital assets.On Friday, the Financial Conduct Authority, the U.K.’s main regulator for financial services, announced a proposal to reverse its ban on offering crypto exchange-traded notes to retail investors.Exchange-traded notes are a type of debt instrument that are linked to one or more specified assets — cryptocurrencies, in this case. In essence, they allow investors to gain exposure to digital…
Author: usaeverydaylife
Check out the companies making the biggest moves in premarket trading: Tesla —The EV maker added nearly 5%, a day after plunging 14% as CEO Elon Musk and President Donald Trump publicly feuded . Broadcom — Shares of the chipmaker slipped about 2% before the opening bell, on the heels of lackluster free cash flow in the second quarter. Broadcom reported free cash flow of $6.41 billion, while analysts surveyed by FactSet were looking for $6.98 billion. Broadcom stock has risen more than 12% year to date. Circle Internet Group — The stablecoin company popped nearly 14%, following its debut…
Analysts from several major Wall Street banks walked away from Broadcom ‘s latest quarterly report with more conviction on the stock. The chipmaker reported fiscal second-quarter revenue and profits on Thursday that exceeded analysts’ estimates, and also gave strong guidance for the current quarter. Broadcom’s adjusted earnings per share of $1.58 on revenue of $15 billion beat the expected $1.56 per share and $14.99 billion from analysts polled by LSEG. Broadcom saw $4.4 billion in AI revenue during the quarter and said it expects $5.1 billion in AI chip sales in its fiscal third quarter. Shares dipped 2% in premarket…
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and the downwardly revised 147,000 that the U.S. economy added in April. The unemployment rate held steady at 4.2%.Worker pay grew more than expected, with average hourly earnings up 0.4% during the month and 3.9% from a year ago, compared to respective forecasts for 0.3% and 3.7%.Nearly half the job growth came from health care, which added 62,000, even higher…
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPresident Donald Trump is “not interested” in a call with Tesla CEO Elon Musk to resolve their feud, a senior White House official told NBC News on Friday morning.The two billionaires launched a war of words on Thursday over Musk’s continued criticism of Trump’s proposed tax bill. Trump said that Musk, who until a week ago was one of his top government advisors, had gone “crazy” and threatened to…
Fatcamera | E+ | Getty ImagesThe House tax and spending bill would push millions of Americans off health insurance rolls, as Republicans cut programs like Medicaid and the Affordable Care Act to fund priorities from President Donald Trump, including almost $4 trillion of tax cuts. The Congressional Budget Office, a nonpartisan legislative scorekeeper, projects about 11 million people would lose health coverage due to provisions in the House bill, if enacted in its current form. It estimates another 4 million or so would lose insurance due to expiring Obamacare subsidies, which the bill doesn’t extend.The ranks of the uninsured would swell as…
Don’t expect much from Tesla going forward, according to Goldman Sachs. Analyst Mark Delaney lowered his price target by $10 to $285, which implies just 0.1% upside, while reiterating his neutral rating on the stock. Delaney cited Tesla’s falling global sales as the key reason behind his lower estimates on the stock. “We’re lowering our Tesla vehicle delivery assumptions and EPS estimates to better reflect weaker monthly datapoints in key regions (e.g. China, the US, and Europe),” he wrote in a Thursday note to clients. “Industry and registration data through May suggests continued yoy weakness in deliveries in key geographies.”…
Smoke rises as a passenger gets evacuated using the plane’s slides, after an American Airlines jet engine caught fire, in Denver, Colorado, U.S., MARCH 13, 2025, in this screengrab obtained from a social media video.Aaron Clark | Aaron Clark Via ReutersA fuel leak and several improperly installed parts were found inside the engine of an American Airlines plane that caught fire after the plane landed in Denver in March, according to a report released Thursday.The National Transportation Safety Board said one part inside the right engine of the Boeing 737-800 was loose and had been installed in the wrong direction…
One year ago, Apple announced Apple Intelligence, its response to the wave of sophisticated chatbots and systems kicked off by the arrival of ChatGPT and the age of generative AI.Analysts said Apple’s installed base of more than 1 billion iPhones, the data on its device and its custom-designed silicon chips were advantages that would help the company become an AI leader.But it’s been an underwhelming 12 months since then.Apple Intelligence stumbled out of the gate while rivals like OpenAI, Google and Meta have continued to make headway launching new generative-AI models. Now, investors are calling for Apple to do something major…
A Russian ruble coin with a U.S. dollar bill and a quarter dollar coin in Moscow, on Oct. 10, 2023.Alexander Nemenov | AFP | Getty ImagesIn the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising.In fact, it is the world’s best-performing currency so far this year, according to Bank of America, with gains of over 40%. The ruble’s stunning rally in 2025 marks a sharp reversal from the past two years when the currency had depreciated dramatically. What’s powering the Russian currency?The strength in the ruble…
