‘Trump Accounts’ for kids get funding boost from Dalio and BlackRock
Fortune· 2025-12-17 23:25
A new savings vehicle, dubbed “Trump accounts,” is designed to help the rising generation of American children build wealth into adulthood. Under the multitrillion-dollar tax and spending bill signed by President Donald Trump in July, the federal government will contribute $1,000 to accounts set up for every American baby born in the next few years. The initiative got a boost on Dec. 2 when billionaires Michael and Susan Dell announced a $6.25 billion gift to seed accounts for millions of older children as ...
Executives At Bankrupt Subprime Auto Lender Tricolor Charged With Fraud
ZeroHedge· 2025-12-17 23:25
Authored by Rob Sabo via The Epoch Times,The former CEO and chief operating officer of subprime auto dealer and financier Tricolor Holdings were formally charged on Dec. 16 with bank and wire fraud for their alleged roles in what officials say was a years-long scheme to defraud banks and private credit lenders of hundreds of millions of dollars.Tricolor founder Daniel Chu and David Goodgame were indicted in federal court in Manhattan for multiple financial schemes that started in 2018 and include double-ple ...
Coinbase Adds Stock Trading, Kalshi Event Contracts, Shares Climb - Coinbase Global (NASDAQ:COIN)
Benzinga· 2025-12-17 23:21
Core Insights - Coinbase Global, Inc. has launched several new products aimed at expanding its offerings and competing with traditional investing platforms [2][3] Group 1: New Product Offerings - Coinbase introduced a stock trading feature that allows users to buy stocks directly on its platform, starting with select U.S. users [2] - The company plans to implement tokenized trading to bring more assets on-chain [2] - Coinbase has integrated with Kalshi to enhance its prediction markets, allowing users to trade various contracts using USDC or their crypto balance without needing to transfer funds [3] Group 2: Market Reaction - Following the announcement of new features, Coinbase shares rose by more than 1% in after-hours trading, reaching $247.50 [4] - Despite a nearly 8% decline in the stock over the past month due to a downturn in the crypto market, the stock remains slightly up for the year [4]
Worthington Steel, Inc. (WS) Lags Q2 Earnings Estimates
ZACKS· 2025-12-17 23:21
Core Insights - Worthington Steel, Inc. reported quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.48 per share, but showing an increase from $0.19 per share a year ago, resulting in an earnings surprise of -20.83% [1] - The company posted revenues of $871.9 million for the quarter ended November 2025, exceeding the Zacks Consensus Estimate by 11.35% and up from $739 million year-over-year [2] - Worthington Steel's shares have increased by approximately 11.4% since the beginning of the year, compared to a 15.6% gain in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $803 million, and for the current fiscal year, it is $2.72 on revenues of $3.39 billion [7] - The estimate revisions trend for Worthington Steel was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Steel - Specialty industry, to which Worthington Steel belongs, is currently ranked in the top 15% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Coinbase Adds Stock Trading, Kalshi Event Contracts, Shares Climb
Benzinga· 2025-12-17 23:21
Core Insights - Coinbase Global, Inc. has launched several new products aimed at expanding its offerings and competing with traditional investing platforms [2][3] - The company introduced a stock trading feature that allows select U.S. users to buy stocks directly on its platform [2] - Coinbase has integrated with Kalshi to enhance its prediction markets, enabling users to trade various assets seamlessly [3] Group 1: New Product Offerings - Coinbase is rolling out a stock trading feature for select U.S. users, allowing them to buy stocks directly on the platform [2] - The company plans to implement tokenized trading to bring more assets on-chain [2] - Users will be able to trade stocks or prediction contracts using USDC or their crypto balance without needing to transfer funds to a bank or separate brokerage [3] Group 2: Market Reaction - Following the announcement, Coinbase shares rose by more than 1% in after-hours trading, climbing 1.36% to $247.50 [4] - Despite a nearly 8% decline over the past month due to a downturn in the crypto market, Coinbase shares remain slightly up for the year [4]
White Gold Corp. (WGO:CA) Discusses Key Achievements and Strategic Outlook for District Scale Land Package Transcript
Seeking Alpha· 2025-12-17 23:19
Core Insights - The webinar is focused on White Gold Corp, highlighting both the successes of the past year and future prospects leading up to 2026 [1][2]. Group 1 - The event features David D'Onofrio, CEO, and Dylan Langille, VP of Exploration, who will discuss the company's achievements and future plans [1]. - The format of the event is interactive, encouraging audience participation through questions [2][3]. - The session will be recorded and made available for replay shortly after the event concludes [3].
CareCloud, Inc. (CCLD) Discusses AI-Powered Front Desk Solutions for Modernizing Patient Phone Access in Healthcare Transcript
Seeking Alpha· 2025-12-17 23:19
Core Insights - The traditional front desk model in healthcare is deemed unsustainable, prompting the need for innovative solutions like AI voice agents [3] - CareCloud is introducing stratusAI Desk Agent, an AI-powered front desk solution aimed at modernizing patient phone access [2] Company Overview - CareCloud is led by Co-CEO Hadi Chaudhry, along with key leaders Aman Haq and Maaz Siddiqui, focusing on AI initiatives and product growth [1] AI Initiatives - Aman Haq has over 5 years of experience in AI-driven product development, previously working at Microsoft as a Senior Product Manager [2] - The company emphasizes the importance of AI in enhancing customer engagement and operational workflows within healthcare [5]
US crude futures gain on Trump's Venezuela blockade
Reuters· 2025-12-17 23:18
Core Viewpoint - U.S. crude futures experienced a price increase of one dollar in Asian trading following President Donald Trump's blockade on tankers entering and leaving Venezuela, significantly impacting the country's oil exports [1] Group 1: Market Impact - The blockade imposed by the U.S. government is expected to restrict most exports from Venezuela, which could lead to tighter global oil supply and increased prices [1] - The immediate reaction in the crude oil market reflects concerns over supply disruptions due to geopolitical tensions [1] Group 2: Geopolitical Context - President Trump's decision to block Venezuelan tankers is part of a broader strategy to exert pressure on the Venezuelan government, which may have long-term implications for oil markets [1] - The blockade highlights the ongoing volatility in the oil sector, driven by political actions and international relations [1]
Franklin Electric: Opinion Unchanged, Not Cheap Enough (NASDAQ:FELE)
Seeking Alpha· 2025-12-17 23:16
Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussion of the sector.Sign up today for your two-week free trial and get a new lease on oil & gas! ...
MillerKnoll (MLKN) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-12-17 23:16
Core Insights - MillerKnoll reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, but down from $0.55 per share a year ago, indicating an earnings surprise of +2.38% [1] - The company achieved revenues of $955.2 million for the quarter, surpassing the Zacks Consensus Estimate by 1.18%, although this is a decrease from $970.4 million in the same quarter last year [2] - MillerKnoll has outperformed consensus EPS estimates three times in the last four quarters, but the stock has underperformed the market, losing about 26.1% year-to-date compared to the S&P 500's gain of 15.6% [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $922.4 million, and for the current fiscal year, it is $1.86 on revenues of $3.8 billion [7] - The trend of estimate revisions for MillerKnoll was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Furniture industry, to which MillerKnoll belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]