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A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024.Henry Romero | ReutersEurope’s largest lender HSBC on Wednesday reported annual pre-tax profit of $29.91 billion, beating the estimates on the back of a strong performance in its wealth division and Hong Kong businesses.While annual profit declines 7.4%, HSBC’s revenue gained 4%, year on year.Here are HSBC’s full-year results compared with the consensus estimates compiled by the bank.Pre-tax profit: $29.91 billion vs. $28.86 billionRevenue: $68.27 billion vs. $67.36 billionThe lender’s fourth quarter profit before tax rose to $6.8 billion,…

Cedar Rapids-based Rayser Holdings Inc. announced its acquisition of Skunk River Block & Pallet, a family-owned manufacturer of custom wood pallets and crates in Pella. Skunk River Block & Pallet joins CarePro Health Services, J-TEC Associates and Midwest Memorials as part of the Rayser portfolio. Darlene Van Hall, Skunk River’s former owner, said the sale to Rayser Holdings was motivated by a desire to preserve the company’s legacy and reward its employees. Rayser was established in 2018 with a goal to diversify and enhance employee ownership.

Home Depot, Lowe’s Companies, Masco, Medallion Financial, and Jewett-Cameron Trading are the five Home Improvement stocks to watch today, according to MarketBeat’s stock screener tool. Home improvement stocks are shares of publicly traded companies whose primary businesses supply products or services for building, renovating, maintaining, or decorating homes—this includes retailers, manufacturers of building materials and appliances, and contractors or home-service companies. For investors, these stocks are typically cyclical and track housing-market activity, consumer spending and interest rates, so they are used to gain exposure to renovation demand and related economic trends. These companies had the highest dollar trading volume of…

Bitcoin is heading toward an uncomfortable milestone, a potential fifth consecutive monthly decline if February closes in the red, and the setup is starting to look less like a crypto-specific drawdown and more like a macro-driven repricing.This five-month losing streak would be notable in the post-ETF era and would also be Bitcoin’s longest stretch of monthly declines since 2018, when it posted six consecutive down months during the bear market.At under $63,000, BTC is down by almost 20% this month, which is its largest monthly drawdown since June 2022.Bitcoin Monthly Returns Since 2018 (Source: CoinGlass)However, the negative price streak itself…

U.S. and Iranian negotiators are set to meet again later this week, and President Donald Trump made a clear ask of Tehran in his State of the Union speech on Tuesday night ahead of those talks.

BVNK, the enterprise stablecoin infrastructure provider, has secured its Crypto-Asset Services Provider (CASP) licence from the Malta Financial Services Authority (MFSA).The licence marks a major milestone for the company as the European Union transitions to its new harmonised regulatory framework for digital assets, known as MiCA (Markets in Crypto-Assets). With the CASP licence secured in Malta, BVNK can now offer MiCA-regulated digital-asset services and passport them across all European Economic Area (EEA) member states.A unified European offeringAccording to the announcement, the new regulatory approval allows BVNK to offer enterprise customers three critical European financial capabilities from a single platform:MiCA-regulated digital-asset…

Key PointsOne of the most-watched events of the quarter is happening in just a few hours: Nvidia (NASDAQ: NVDA) is set to report fourth-quarter and fiscal 2026 earnings. The report is scheduled for Feb. 25 after the market closes. Why is this such a big deal? Nvidia is the leader in one of the world’s highest-growth areas — artificial intelligence (AI). The company dominates the AI chip market and has built out a portfolio of complementary products and services, too. This has resulted in explosive earnings growth, and Nvidia’s visibility on AI advancements and trends makes it a bellwether for…

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.77%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.76%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.09%.  March E-mini S&P futures (ESH26) rose +0.76%, and March E-mini Nasdaq futures (NQH26) rose +1.08%.Stock indexes settled higher on Tuesday, recovering some of Monday’s sharp losses.  A rebound in software companies and chipmakers on Tuesday from Monday’s rout lifted the broader market.  Software and chipmakers moved higher Tuesday after AI startup Anthropic PBC emphasized partnerships with companies and said its new AI tools for its Claude Cowork agent software are to integrate rather than…

The suit filed by Terraform Labs’ bankruptcy administrator seeks damages tied to alleged pre-collapse positioning. Terraform Labs’ bankruptcy administrator has filed a lawsuit against Jane Street, alleging the company used insider information to profit from and accelerate the collapse of Terra-Luna. The lawsuit claims that these trades came at the expense of investors and creditors who lost billions in the crash. Jane Street Denies Accusations A Wall Street Journal (WSJ) report reveals that Todd Snyder, the court-appointed plan administrator overseeing Terraform’s wind-down, is seeking damages from Jane Street, its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang.…

Key PointsThere have been two times since 2021 when the Nasdaq-100 moved higher as the number of stocks trading above their 200-day moving average fell.In both of those instances, the Nasdaq-100 subsequently fell by more than 20%.That same pattern is happening for the third time right now.These 10 stocks could mint the next wave of millionaires ›At some point in 2024, market sentiment began to shift. Even though the Nasdaq-100 was continuing to set new all-time highs, the number of stocks trading above their 200-day moving average declined pretty steadily from January all the way through December. The trend was…