Payward, the parent company of US crypto exchange Kraken, has bought token management platform Magna for an undisclosed amount. Payward said Wednesday that the deal would help Kraken offer more than just trading infrastructure. Moving forward, the exchange would feature a “fully verticalised product suite.” “This acquisition accelerates Kraken’s evolution into a platform where issuers, builders, and investors can rely on institutional-grade infrastructure from inception through scale,” Kraken’s head of ...

Despite Amazon.com Inc. (NASDAQ:AMZN) enduring its worst losing streak in two decades, Futurum Chief Research Officer David Nicholson argues the market's aggressive sell-off is driven by anxiety rather than a shift in business fundamentals. Market Sentiment Vs. Reality Amazon recently faced a historic nine-day losing streak, its longest since 2006, resulting in a staggering $400 billion wipeout in market capitalization. The decline saw shares slide 18.19% in these nine days and 12.23% year-to-date, which ...

Kenvue (NYSE:KVUE), maker of consumer health products including Tylenol, Neutrogena, and Listerine, closed Wednesday at $18.88, up 2.55%. The stock moved higher after Q4 results beat expectations and analysts raised price targets, while investors are watching progress on the pending Kimberly-Clark (NASDAQ:KMB) acquisition and related restructuring plans.Trading volume reached 46.9 million shares, coming in roughly 3.9% above its three-month average of 45.2 million shares. Kenvue IPO'd in 2023 and has fallen ...

Markets finished in the green today as tech strength carried indexes closer to record highs. The S&P 500 (SNPINDEX:^GSPC) rose 0.56% to 6,881.31, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.78% to 22,753.63, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.26% to 49,662.66. Market movers A chip partnership between Nvidia (NASDAQ:NVDA) and Meta Platforms (NASDAQ:META) helped power and megacap techs higher today.  Palantir Technologies (NASDAQ:PLTR) gained 1.77% to close at $135.38 after ...

Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with several even suggesting the central bank may need to raise rates if inflation remains stubbornly high. While the minutes of the central bank’s Jan. 27-28 policy meeting, released Wednesday, fell far short of suggesting most officials were contemplating the possibility of rate increases, they made clear the Fed is shifting further away from agreeing on another cut. That could put it on a collisio ...

Experian — one of the three major credit reporting bureaus — recently expanded its product offerings to include a competitive high-yield savings account. Known as the Experian Smart Money™ Digital Savings Account, this account allows users to earn up to 4% APY on their savings — one of the highest savings interest rates available today. “We know saving is imperative for many people and this will help make it effortless so they can reach their goals faster,” said Sean Healey, general manager of digital pr ...

Urban Financial bought a significant stake in Akre Focus, the new ETF version of the famous mutual fund managed by Chuck Akre. The firm also reduced its position in the SPDR S&P 500 ETF , while adding exposure to other funds focused on mid-cap and large-cap stocks and international bonds.Akre Focus ETF implements a disciplined, high-conviction investment approach, emphasizing business quality, management integrity, and reinvestment potential. The fund's strategy is designed to identify and hold companies wi ...

U.S. law firm Lehotsky Keller Cohn filed a lawsuit against a committee of the bankrupt Bitcoin miner Rhodium Enterprises’ board and an investor group on Feb. 13. The Texas-based law firm sued the miner for allegedly blocking the legal fee of $11 million and attacking its reputation. Related: Another crypto company files for Chapter 11 bankruptcy Rhodium filed for bankruptcy protection in August 2024 Rhodium is a Bitcoin mining firm that filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for t ...

Warren Buffett's last quarter as Berkshire Hathaway's CEO reflected a bearish sentiment as he prepares to depart the firm, handing the reins to Greg Abel. The conglomerate cut its Amazon stake by 75%, with the position likely gaining 130-140% and performing broadly in line with the S&P 500. Chevron and Chubb, among its top 10 holdings, saw position increases. Berkshire Hathaway is also building a stake in the New York Times Co. Bloomberg Intelligence Senior Property & Casualty Insurance Matthew Palazola jo ...

Billionaire investor Stanley Druckenmiller’s Duquesne Family Office had initiated a position in social media giant Meta Platforms (META) in the third quarter of 2025, buying 76,000 shares of the Facebook operator. However, Druckenmiller has ditched Meta, according to the latest 13F filing, shedding approximately 76,000 shares. Meta has faced rising questions about its rising capital expenditures related to artificial intelligence (AI). The company expects its capex to nearly double this year, compared to ...