Major Bank Expands Crypto Business Bloomberg reported that Morgan Stanley is piloting crypto trading on its E*Trade platform at just 50 basis points in fees. The move comes shortly after the firm launched a bitcoin ETF, signaling continued expansion into digital assets by traditional financial institutions.
Dow Surges 500 Points on Iran Deal Optimism and AMD Earnings Beat US stocks rallied sharply on Tuesday, with the Dow Jones Industrial Average jumping 500 points, CNBC reported. The market surge was driven by falling oil prices following reports of an Iran ceasefire deal and strong AMD earnings that lifted the technology sector. International oil prices dropped significantly after news of a potential Iran ceasefire emerged. Military tensions in the region over the preceding days had pushed oil prices higher, increasing energy costs for American consumers. The ceasefire news led markets to reassess geopolitical risk premiums. ...
Disney Revenue Beats Expectations, New CEO Charts Growth Path Walt Disney Co. reported quarterly earnings on Tuesday that exceeded Wall Street expectations, with both revenue and profit beating analyst estimates. The new CEO outlined a comprehensive growth strategy during the earnings call, focusing on streaming profitability and global theme park expansion. The streaming division Disney+ showed strong subscriber growth and achieved its first full-year profitability target, marking a significant milestone in the company’s digital content transformation. Theme park and experiences business also maintained steady growth despite macroeconomic uncertainties. ...
[Brief] New Disney CEO Gives Vision for Company as Revenue Rises - WSJ Disney new CEO unveiled the company strategic vision as streaming and parks drove revenue growth, sending shares up 5 percent. Source: Google News
Markets Rally as Iran Conflict Nears End Global financial markets swung dramatically on Tuesday as news of a potential Iran peace deal sent oil prices tumbling over six percent while major stock indices surged to new highs. The S&P 500 and Nasdaq both hit record closes, with the Nasdaq crossing the 25,000 milestone for the first time. The rally followed reports that Iran had submitted a 14-point peace proposal and that the Trump administration declared the conflict terminated. ...
A Robinhood executive has said that overseas demand for US equities is continuing to grow. As Robinhood expands its services across multiple international markets, the company has observed strong interest in US stock trading from users in Europe and Asia. This trend reflects sustained global investor confidence in US equity markets. Robinhood’s international expansion strategy is a key component of its growth plan, aiming to replicate its US success model globally. ...
US gasoline prices have risen 50% compared to pre-war levels, as ongoing Strait of Hormuz tensions keep energy prices elevated.
AMD stock surged following strong quarterly earnings results, driven by data center and AI accelerator demand.
UK thirty-year government bond yields rose to five point seven six percent, the highest since 1998. Rising fuel prices and political stability concerns are pushing up borrowing costs, squeezing Chancellor Rachel Reeves fiscal headroom.
UniCredit’s CEO says the bank will not abandon its takeover bid for Germany’s Commerzbank despite political pushback, setting up Europe’s largest cross-border banking merger.