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At 8am, two hours before the US supreme court officially slapped down Donald Trump’s “liberation day” tariffs on 20 February, Joseph Spraragen’s phone was already ringing off the hook.The seasoned New York-based attorney and his 40-strong specialised trade team at Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt (GDLSK) had spent months filing hundreds of lawsuits for heavy-hitter clients, including luxury brands Prada and Dolce & Gabbana, in protest of the US president’s decision to impose sweeping import taxes last April.But that Friday’s ruling – deeming Trump’s tariffs illegal – opened the floodgates, sending hundreds of thousands of businesses across the US…

Nvidia on Wednesday delivered strong quarterly results to cap off its fiscal year, outdone only by the chip giant’s outlook for the current quarter, in a sign the AI boom continues apace. Revenue in the company’s fiscal 2026 fourth quarter increased 73% year over year to $68.13 billion, outpacing the $66.2 billion the Street was looking for, according to estimates compiled by data provider LSEG. Adjusted earnings per share (EPS) increased 82% to $1.62, also exceeding the consensus estimate of $1.53, per LSEG data. Shares of Nvidia were slightly lower in extended trading, down about 50 cents apiece to $195.35.…

The combination of both metrics suggests the current regime is consolidative or mid-cycle bearish, with definitive capitulation likely to occur soon. Current market dynamics point to a reset in motion, with Bitcoin undergoing deleveraging. However, the leading digital asset is yet to form a bottom for this bear cycle, despite cooling market conditions. According to a report from CryptoQuant, metrics such as falling open interest and Bitcoin basis compression on the Chicago Mercantile Exchange (CME) indicate ongoing deleveraging. More Pain For BTC? The CME basis compression is a futures yield curve that reflects demand for leveraged long exposure. The…

With oil prices rising in response to growing tensions with Iran, the rationale for additional interest-rate cuts by the Federal Reserve is disappearing.

NoCFO, an AI-native financial management platform, has partnered with open banking solutions provider Salt Edge to integrate direct payment initiation capabilities into its ecosystem. The collaboration brings “Pay by Bank” functionality to entrepreneurs and small businesses, eliminating the need to switch between different applications to complete financial workflows.Building an all-in-one command centreTeemu Karuluoto, CEO and co-founder at NoCFOFounded in 2020 in Espoo, Finland, NoCFO was built with an automation-first approach to serve founder-led companies and small business owners. The platform aims to automate accounting, invoicing, expenses, and financial reporting, giving entrepreneurs back the time they need to focus on building…

A massive backlog of maintenance and software contracts will ensure recurring revenue.

The corn market is rallying on Friday’s midday, with contracts up 9 to 10 cents in the front months and new crop December 2 3/4 cents higher.  The national average Cash Corn price from cmdtyView is up 9 3/4 cents at $4.49 1/2. The markets and government will be closed on Monday due to Martin Luther King Jr Day, with a normal schedule for Tuesday.USDA’s Export Sales report from Thursday morning showed 1.024 MMT of 2024/25 corn sold in the week ending on January 9. That took the total commitments for the year to 40.27 MMT, which is now 65% of…

Sarah Lambert took her usual morning swim for 40 minutes off Exmouth town beach before her volunteer shift helping disabled people get access to the water.A wheelchair user herself, Lambert’s regular sea swims twice a week between the lifeboat station and HeyDays restaurant were the perfect form of exercise for her disability.It was August 2024, and a dry summer’s day on England’s south-west coast.At 4.15pm, lifeguards shut the beach, erected red flags and asked people to leave the water after East Devon district council was alerted to a catastrophic burst of the main pipe pumping sewage to the town’s Maer…

Stablecoin issuer Tether has reportedly frozen roughly $4.2 billion worth of its USDt tokens connected to suspected criminal activity over the past three years.Most of the blocked funds were restricted since 2023, as regulators and law enforcement agencies intensified scrutiny of crypto-related fraud and sanctions evasion, the El Salvador-based firm reportedly told Reuters on Friday. Tether’s dollar-pegged USDt (USDT) token is the largest stablecoin in circulation, with more than $180 billion outstanding, up sharply from about $70 billion three years ago.Tether can freeze tokens directly on the blockchain by blacklisting wallet addresses when requested by authorities. Related: Tether-backed Oobit adds…

Despite posting blowout quarterly results as usual, Nvidia NVDA stock is now down over 6% since its Q4 report on Wednesday.This comes as the chip giant’s Q4 sales of $68.12 billion and EPS of $1.62 stretched 73% and 82% year over year, respectively, and represented significant sequential growth as well.Still, the stellar results didn’t calm deeper investor concerns about the sustainability of the AI boom, concentration risks, and future growth, although Nvidia impressively surpassed Wall Street’s expectations.Image Source: Zacks Investment Research AI Sustainability ConcernsNotably, a recurring theme across analyst commentary is skepticism about how long hyperscalers can keep spending tens of billions on…