LONDON, Feb 24 (Reuters) - Citigroup's hedge fund clients sold the dollar around Friday's U.S. ‌Supreme Court ruling on President Donald ‌Trump's sweeping tariffs, according to a note from the U.S. ​bank shared with Reuters late on Monday. The dollar fell in volatile trading on Friday after the Supreme Court struck down the tariffs based ‌on a national ⁠emergency law. "Citi’s hedge fund clients were net USD (dollar) sellers around and after ⁠the tariff ruling," Kristjan Kasikov, global head of Citi FX ...

Key Takeaways Peter Schiff says Bitcoin’s price rally was a bubble that is now deflating. Gold’s surge reflects de-dollarization, Schiff claims. Institutional flows show divergence between gold and Bitcoin. Gold advocate and long-time Bitcoin critic Peter Schiff has slammed Bitcoin’s multi-year rally as a bubble that is now deflating, claiming its price could fall as low as $40,000. His comments come as Bitcoin’s price continues to decline, now trading 50% below its October 2025 peak of $126,000. ...

Meta (META) and AMD (AMD) are entering into a multi-year agreement that will see Meta purchase upward of 6 gigawatts worth of AI chips as part of its massive AI buildout. As part of the deal, announced Tuesday, AMD will issue Meta 160 million shares of common stock that will vest in a series of tranches if AMD hits certain milestones, the first of which will hit when AMD ships its first 1 gigawatts of chips. AMD stock closed at $196.60 on Monday. “We expect this partnership to drive substantial multi- ...

Meta (META) and AMD (AMD) are entering into a multiyear agreement that will see Meta purchase upward of 6 gigawatts' worth of AI chips as part of its massive AI build-out. As part of the deal, announced Tuesday, AMD will issue Meta 160 million shares of common stock that will vest in a series of tranches if AMD hits certain milestones, the first of which will hit when AMD ships its first 1 gigawatt of chips. AMD shares jumped as much as 10% in premarket trading before paring those gains in the regular se ...

A bear call spread is a type of vertical spread, meaning that two options within the same expiry month are being traded. One call option is being sold, which generates a credit for the trader. Another call option is bought to provide protection against an adverse move. More News from Barchart The sold call is always closer to the stock price than the bought call. As the name suggests, this trade does best when the stock declines after the trade is opened. However, there can be many cases where this t ...

Velocity Vehicles, a nationwide provider of truck sales and service, had its debt rating cut two notches by Moody’s last week, a larger-than-usual reduction a few months after a similar two-step reduction by a competing agency. While a cut of two notches at one time is not unprecedented, it is often a sign of rapidly weakening finances. The new rating of B3 from Moody’s is considered equivalent to a B- rating from S&P Global Ratings.  S&P Global has had that rating on Velocity Vehicles since December, w ...

Velocity Vehicles, a nationwide provider of truck sales and service, had its debt rating cut two notches by Moody’s last week, a larger-than-usual reduction a few months after a similar two-step reduction by a competing agency. While a cut of two notches at one time is not unprecedented, it is often a sign of rapidly weakening finances. The new rating of B3 from Moody’s is considered equivalent to a B- rating from S&P Global Ratings.  S&P Global has had that rating on Velocity Vehicles since December, w ...

Keurig Dr Pepper has secured additional financing for its €15.7bn ($18.36bn) acquisition of Dutch coffee group JDE Peet’s and subsequent split of the combined business into two. The US soft drinks company has taken the convertible preferred equity investment earmarked for the future company so far dubbed Beverage Co. from $3bn to $4.5bn. As a result, Keurig Dr Pepper said it no longer plans to pursue a partial IPO of Beverage Co., which will focus on the amalgamated company's non-coffee drinks. Keurig ...

Core Viewpoint - Microsoft Corporation (NASDAQ:MSFT) has faced a decline in its stock price, attributed to insufficient growth in its cloud business, particularly Azure, which has not met investor expectations despite exceeding revenue and earnings forecasts [2][4] Financial Performance - Microsoft shares are down 4% over the past year and 18% year-to-date, with a decline of over 19% since the fiscal second-quarter earnings report [2] - Azure's revenue grew by 39% year-over-year, surpassing management's guidance, but growth is limited by capacity constraints rather than demand [4] Analyst Reactions - Stifel downgraded Microsoft shares from Buy to Hold and reduced the price target from $540 to $392, citing supply challenges and competition from Google Cloud and Anthropic as key factors [2] - Jim Cramer highlighted the need for Microsoft to refresh its offerings, particularly pointing out the underwhelming user base numbers for its Copilot software [2] Future Outlook - Microsoft plans to increase its AI capacity by 80% through June 2026, which is expected to alleviate current bottlenecks and support growth reacceleration [4] - The investment in AI capacity reflects strong underlying demand and positions Microsoft for sustained above-average growth as AI adoption expands across industries [4]

We recently published 10 Stocks Jim Cramer Talked About.  CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks Jim Cramer talked about. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cybersecurity company whose shares are down by 11% over the past year and by 23% year-to-date. The shares have lost more than 17% over the past couple of days following Anthropic’s announcement of a new cybersecurity tool for its Anthropic AI platform. This tool, according to the firm, will be able to scan software fo ...