Saturday, April 11

Business

Dow, Nasdaq, S&P 500 fall amid Fed rate cut worries
Business

Dow, Nasdaq, S&P 500 fall amid Fed rate cut worries

0:00 spk_0 Look at this. The Dow is down 800 points, or 1 and 2/3 of a percent. We take a look at the chart here. We are closing pretty close to those lows of the day, so not the best setup here, at least for this one day. Here's the Nasdaq down 2.3%, and here's the S&P 500 down a similar amount to.Dow, all three of these charts looking pretty red and pretty negative. I should add all of those major markets having their worst day in over a month. So here is the headline from today's sector action Energy, the only sector closing in the green and just barely up about 0.01%.And then the other leaders here, the least bad off, we see staples and healthcare, so it was a very defensive setup in terms of the leadership today. And then what did not do well, tech was leading the way down...
Northland Power cuts dividend by 40%; BMO notes ‘surprise and disappointment’
Business

Northland Power cuts dividend by 40%; BMO notes ‘surprise and disappointment’

Turbines operate at the Block Island Wind Farm, Dec. 7, 2023, off the coast of Block Island, R.I. THE CANADIAN PRESS/AP-Julia Nikhinson · Associated Press Northland Power’s (NPI.TO) stock crashed on Thursday as investors responded to a 40 per cent dividend cut and a more than $500 million write-down on the Canadian company’s Nordsee One offshore wind farm. Toronto-based Northland’s global portfolio of energy assets spans offshore and onshore wind, solar, battery, and natural gas, as well as a regulated utility in Colombia. Toronto-listed shares plunged 27.24 per cent on Thursday to $18.24. Northland reported third-quarter financial results after Wednesday’s closing bell, booking a net loss that’s more than double the figure from the same period last year. At the same time, North...
Polymarket’s UFC And Yahoo Finance Deal : Is Kalshi Outperforming It?
Business

Polymarket’s UFC And Yahoo Finance Deal : Is Kalshi Outperforming It?

Polymarket just scored a major deal that could put prediction markets in front of way more eyeballs. They’re now the exclusive prediction market partner for Yahoo Finance. This is huge considering Yahoo Finance gets over 150 million visitors globally every month and ranks as the fifth most popular publisher in the U.S. right now. The company announced it on X with a flashy video set to The Weeknd and Playboi Carti’s “Timeless,” making it clear they’re trying to keep that mainstream momentum going. This partnership is part of Polymarket’s bigger push to stay relevant after the presidential election last year put them on the map. They’ve been linking up with some heavyweight names lately, including ICE, the company that owns the New York Stock Exchange. ICE actually planned to drop ...
XRP ETF Posts Year’s Strongest Debut With $58 Million in First-Day Trading
Business

XRP ETF Posts Year’s Strongest Debut With $58 Million in First-Day Trading

Canary Capital’s spot XRP ETF (XRPC) opened with $58 million in first-day trading volume, the strongest debut of any exchange-traded fund launched this year, even as crypto prices extended losses. Days after filing its pre-launch registration with the SEC, the fund began trading and immediately attracted heavier-than-expected flows and strong early interest. The benchmark figure was first noted by Bloomberg senior ETF analyst Eric Balchunas, who tweeted Thursday, citing Bloomberg data, that Canary’s ETF “barely” edged out Bitwise’s Solana staking ETF, which drew $57 million when it listed late last month. The scale of the flows was unexpected. Balchunas initially projected around $17 million for XRPC, yet the fund cleared that within half an hour and closed the session as the ...
Gold Set for Best Week in a Month as Data Gap Clouds US Outlook
Business

Gold Set for Best Week in a Month as Data Gap Clouds US Outlook

Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Wednesday, March 2, 2022. Gold extended gains as investors weighed mounting risks to global growth from sanctions on Russia in the wake of its invasion of Ukraine. (Bloomberg) -- Gold is on track for its best week in a month, with its appeal reignited by uncertainty around a backlog of official data set to follow the US government’s return from a six-week shutdown. Bullion was trading at nearly $4,190 an ounce, heading for a weekly gain of around 5% and recouping most of the losses from the previous session. Expectations of another US rate cut — a tailwind for gold, which doesn’t pay interest — lost some steam throughout the week as Federal Reserve officials showed little conviction for reducing the cost o...
How to use AI as a financial assistant – and when to ask a pro – NBC4 Washington
Business

How to use AI as a financial assistant – and when to ask a pro – NBC4 Washington

When Courtlynn Dickey was a freshman at American University, he opened his first credit card. He racked up more debt than he meant to and headed to a bank for help, but said the banker used terms he didn’t know. “When I talked to my banker, my banker's talking to me about FICO. I'm like, wait, I thought we were talking about payment!” Dickey recalled. As soon as he left, he asked ChatGPT to explain the acronym. “I said, ‘What is FICO, why is it important and why do I need to care?’” he told News4, referring to a type of credit score used by lenders. The AI tool didn’t just break down financial terms on the fly. Soon, it became his go-to financial assistant with help on budgeting, saving and even planning his work schedule. Eager to pay down that credit card, Dickey said he uses ChatGP...
Why Alexis Ohanian is betting on collectibles
Business

Why Alexis Ohanian is betting on collectibles

00:00 Speaker A I want to save this one Alexis because I think this is is also in your wheelhouse and it's also in the wheelhouse of my dear friends at Yahoo Sports. Why are collectibles having a moment? And what is next in this industry? 00:09 Alexis It is, it has been an amazing ride. Uh, we love our partnership with Mantle and Yahoo. We've got some hobby awards right now, actually. Um, I think this industry is starting to professionalize, right? The hobby was always a very mom and pop type business. 00:23 Alexis And during COVID, everyone was locked down. Uh, everyone was feeling pretty anxious and nostalgia became really, really desirable. And so that's when I got back into the hobby. I collected cards as a kid, you know, like a lot of kids in the '90s, I ...
OPTX) Reports Third Quarter 2025 Financial Results
Business

OPTX) Reports Third Quarter 2025 Financial Results

Syntec Optics Continues sequential revenue growth ROCHESTER, NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today reported financial results for the third quarter of 2025. Third Quarter 2025 Financial Highlights Net Sales of $7.0 million increased by 6% over the second quarter. Volume on key product lines increased as we successfully implemented yield and efficiency improvements. Improvements were significant across LEO Satellite Optics, Night Vision, and other defense product lines. Third quarter Gross Profit of $0.9M was down from the prior year’s third quarter by $1.0 million and down...