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Commissioners pass 2026 full year budget
starbeacon64d ago

Commissioners pass 2026 full year budget

JEFFERSON — After months of negotiating and priority setting the Ashtabula County Board of Commissioners officially approved an almost $35 million budget for 2026.

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Strategy (MSTR) and corporate crypto treasuries strained as Bitcoin hits $64k
invezz64d ago

Strategy (MSTR) and corporate crypto treasuries strained as Bitcoin hits $64k

Strategy (previously known as Microstrategy) reported a net loss of $12.4 billion for the fourth quarter of 2025 after Bitcoin fell from about $120,000 to roughly $89,000 over the period, according to CoinDesk. The selloff has continued into this week, with Bitcoin sliding to about $64,000 on Friday as Strategy shares fell 17% on Thursday’s [...]

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Gold prices drop
dhakatribune64d ago

Gold prices drop

The Bangladesh Jewellers Association (Bajus) has announced a reduction in gold prices in the local market.As a result, the price of 22-carat gold has been lowered to Tk254,450 per bhori.The new prices were fixed at a meeting of the Bajus Standing Committee on Pricing and Price Monitoring at around 9:30am on Friday. According to the decision, the revised rates came into effect across...Details

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Arcontech Group (LON:ARC) Issues Quarterly Earnings Results
thelincolnianonline64d ago

Arcontech Group (LON:ARC) Issues Quarterly Earnings Results

Arcontech Group (LON:ARC – Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 2.77 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Arcontech Group had a net margin of 36.69% and a return on equity of 13.37%. Arcontech Group Stock Down 1.4% LON ARC traded down GBX [...]

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RMAFC: New pay package for political office holders ready
thenationonlineng64d ago

RMAFC: New pay package for political office holders ready

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday announced that it had finalised work on a new remuneration for political office holders in the country. The commission said itThe post RMAFC: New pay package for political office holders ready appeared first on The Nation Newspaper.

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Falling tech stocks and a plunge for bitcoin hit Wall Street
manilatimes64d ago

Falling tech stocks and a plunge for bitcoin hit Wall Street

NEW YORK — Sharp drops hit Wall Street on Thursday as technology stocks fell and bitcoin plunged again to roughly half its record price set last fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market.The S&P 500 fell 1.2% for its sixth loss in the seven days since it set an all-time high. The Dow Jones Industrial Average dropped 592 points, or 1.2%, and the Nasdaq composite sank 1.6%.Qualcomm fell 8.5% for one of the market’s bigger losses even though the chip company topped analysts’ expectations for profit and revenue in the latest quarter. Its forecast for profit in the current quarter fell short of analysts’ expectations as an industrywide shortage of memory pushes some handset makers to cut back on orders.In the bond market, Treasury yields sank after a report said the number of U.S. workers applying for unemployment benefits jumped last week by more than economists expected. That could be a signal that the pace of layoffs is accelerating.Some economists suggested last week’s rise could be statistical noise, and the total number remains relatively low compared with history. But a separate report said that layoffs announced by U.S.-based employers surged last month. The 108,435 was the highest number for a month since October, according to global outplacement and executive coaching firm Challenger, Gray & Christmas.For a January, it’s the worst since 2009 during the Great Recession.A third report from the US government said that employers were advertising the lowest number of job openings in December in more than five years.Weakness in the job market could push the Federal Reserve to cut interest rates to support the economy, even if it also risks worsening inflation. Treasury yields fell across the board in response.The yield on the 10-year Treasury sank to 4.19% from 4.29% late Wednesday. That’s a notable move for the bond market.The moves were even sharper in commodities markets.Silver’s price dropped 9.1% in its latest wild swing since its record-breaking momentum suddenly halted last week.Gold’s price fell 1.2% to settle at $4,889.50 per ounce. It’s been careening back and forth since roughly doubling in price over 12 months. It neared $5,600 last week and then fell below $4,500 on Monday.Both gold and silver had been screaming higher as investors piled into places they thought would be safer amid worries about political turmoil, a U.S. stock market that critics called expensive and huge debt loads for governments worldwide. But nothing can keep rising at such extreme rates forever, and critics had been calling for a pullback.Bitcoin, which is pitched as “digital gold,” also sank. Like gold, bitcoin produces no profits or dividends, and its price depends on what investors will pay for it. It briefly fell more than 12% below $64,000, down from its record above $124,000 set in October.The tumbling prices dragged down stocks of companies enmeshed in the crypto industry. Coinbase Global, the crypto trading platform, fell 13.3%. Strategy, which has made a business of buying and holding bitcoin, tumbled 17.1%.Outside of crypto, Alphabet dragged on the market and slipped 0.5%, after paring an earlier loss of 8%, even though the parent company of Google, YouTube and other businesses reported a stronger profit for the latest quarter than analysts expected. Investors focused instead on how much Alphabet is spending on artificial-intelligence technology and questioned whether it will all prove worth it.Alphabet said its spending on equipment and other investments could double this year to roughly $180 billion. That blew past analysts’ expectations of less than $119 billion, according to FactSet.Estee Lauder also topped Wall Street targets, and it raised some of its financial forecasts for the full fiscal year. But analysts said investors may have been expecting even more, as the company shepherds through its turnaround efforts and the punishing effects of tariffs. The New York cosmetic company’s shares fell 19.2%.On the winning side of Wall Street were companies that stand to benefit from big spending by Alphabet and others continuing the AI frenzy. Chip company Broadcom added 0.8%McKesson jumped 16.5% after reporting stronger profit and revenue for the latest quarter than analysts expected. The health care company also raised its forecasted range for profit this fiscal year.All told, the S&P 500 fell 84.32 points to 6,798.40. The Dow Jones Industrial Average dropped 592.58 to 48,908.72, and the Nasdaq composite sank 363.99 to 22,540.59.In stock markets abroad, indexes fell across much of Europe and Asia.London’s FTSE 100 dropped 0.9% after the Bank of England held interest rates there steady. France’s CAC 40 fell 0.3%, and Germany’s DAX lost 0.5% after the European Central Bank likewise stood pat on interest rates.South Korea’s Kospi tumbled 3.9% for one of the world’s biggest moves and dropped from its all-time high. Samsung Electronics fell 5.8%, just two days after it had surged 11.4%.

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Aave Founder’s Strategic $8.4M ETH Sale: A Calculated Move in a Maturing DeFi Landscape
bitcoinworld64d ago

Aave Founder’s Strategic $8.4M ETH Sale: A Calculated Move in a Maturing DeFi Landscape

BitcoinWorldAave Founder’s Strategic $8.4M ETH Sale: A Calculated Move in a Maturing DeFi LandscapeIn a significant on-chain transaction monitored globally, an address linked to Stani Kulechov, the visionary founder of the Aave lending protocol, executed a substantial swap of 4,503 Ethereum (ETH) for 8.36 million USDC. This pivotal Aave founder ETH sale, reported by the analytics platform Onchainlens, immediately captured the attention of the decentralized finance (DeFi) community [...]This post Aave Founder’s Strategic $8.4M ETH Sale: A Calculated Move in a Maturing DeFi Landscape first appeared on BitcoinWorld.

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investingLive Asia-Pacific FX news wrap: Amazon shares trashed
forexlive64d ago

investingLive Asia-Pacific FX news wrap: Amazon shares trashed

RBI holds rates at 5.25% as inflation stays low and growth outlook remains steadyReserve Bank of India unchanged, as widely expectedReserve Bank India monetary policy decision due 10am local (0430 GMT/2330 US Eastern time)Recap: BoJ policymaker flags need for further hikes as inflation nears targetIndia eyes up to $80bn in Boeing orders after US trade deal, CNBC reportsJapan megabanks signal return to JGB buying as yields rise and markets stabiliseJapan election Sunday puts yen and bond markets on alert as Takaichi seeks strong mandateBitcoin, Ether bounce in Asia, swings continueUS “leave Iran now” warning resurfaces, but advisory dates back to JanuaryBoJ’s Masu says Japan has shifted into inflation as policy normalisation continuesGold ETF inflows hit record in January as holdings and AUM reach new highs, WGC saysPBOC sets USD/ CNY reference rate for today at 6.9590 (vs. estimate at 6.9517)South Korea sells $3bn FX stabilisation bonds to bolster reserves as won pressure persistsJapan household spending slumps in December as inflation squeezes consumers (more)Gold is seeing selling in early AsiaJapan December household spending falls m/m and y/y, poor numbersRussian oil discounts to China hit record as India demand risks mountBullock says RBA needs tighter policy as capacity constraints lift inflation risksGold fundamentals remain supportive despite recent correction, analysts sayMore on CME raises margins on COMEX gold and silver futures after extreme volatilityCME raises margins on Comex gold (again)investingLive Americas market news: Bitcoin cut in half in four months, down 13% todayAmazon Q4 2026 Earnings: Revenue Tops Estimates, AWS Drives Strong Growth, Small EPS MissAt a glance:Amazon shares slumped after earnings, as a heavy capex outlook overshadowed solid operating performance and strong AWS growth.CME raised margin requirements for gold and silver futures following extreme volatility, triggering early Asia weakness before a partial rebound.RBA Governor Bullock defended this week’s rate hike, flagging capacity constraints and persistent inflation risks.BoJ board member Masu struck a cautious-hawkish tone, keeping further tightening on the table while warning about yen-driven inflation.India’s RBI held rates at 5.25%, with the rupee little changed, while Japan’s election looms as a fresh risk for yen and JGBs.Amazon’s Q4 2026 earnings were mixed but solid, with a slight EPS miss offset by a clear top-line beat. Operating income of $24.98bn and an 11.7% margin were effectively in line with expectations, signalling continued cost discipline. AWS was the standout, delivering $35.58bn in revenue and 24% ex-FX growth, well above the 21% expected.However, the capex outlook dominated the reaction. Amazon flagged around $200bn of capex for 2026, far above the $146bn consensus, reigniting concerns around cash flow and near-term returns. The initial reaction was brutal, with chatter that the stock would be “slaughtered”, and Amazon shares were down more than 10% in after-hours trade at last check. US equity index futures also slid on Globex, though they later recovered off the lows.In commodities, the CME again lifted margin requirements for key precious metals contracts. Initial margin on COMEX 100 gold futures rises to 9% from 8%, while COMEX 5000 silver margins increase to 18% from 15%. The move follows violent recent price swings and forced deleveraging across metals. Gold and silver fell in early Asia trade before stabilising.In Australia, RBA Governor Bullock told parliament the board lifted the cash rate because the economy is more capacity constrained than previously judged, requiring tighter policy. She said demand growth must slow unless supply-side capacity and productivity improve, adding that the labour market remains strong, inflation is still elevated, and risks are skewed toward inflation persistence. The Australian dollar traded in a narrow range, briefly dipping below 0.6910 before edging back toward 0.6950, mirroring subdued moves across major FX.In Japan, BoJ board member Masu said the central bank has exited extraordinary easing and will continue to raise rates if the January outlook is realised, but cautiously, to avoid disrupting the wage–price cycle. He described yen weakness as a double-edged sword, supporting profits but adding to imported inflation, and stressed that excessive or disorderly currency moves are undesirable.Elsewhere, India’s RBI held the repo rate at 5.25% in a unanimous vote, retaining a neutral stance amid low underlying inflation and steady growth. The rupee was little changed.Finally, Japan heads into a national election on Sunday, with polls pointing to a strong mandate for Prime Minister Sanae Takaichi. While a decisive win could stabilise politics, markets remain focused on fiscal risks, particularly her proposed food sales tax suspension, with implications for JGBs and the yen firmly in view. Asia-Pacstocks: Japan(Nikkei 225) +0.29%HongKong (Hang Seng) -1.13% ShanghaiComposite +0.11%Australia(S&P/ASX 200) -2.26% This article was written by Eamonn Sheridan at investinglive.com.

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