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The U.S. dollar is flexing its muscles in early March as geopolitical tensions and rising energy prices have been sending investors scrambling for what some believe is the world’s most liquid safe haven. Dollar Index Nears 100 as War Risk, Oil Prices, and Fed Policy Collide The U.S. Dollar Index (DXY), which measures the greenback […]

Middle East tensions, U.S. inflation data, Oracle and Adobe earnings will be in focus in the week ahead. Adobe is well-positioned to beat low expectations and provide the confident outlook needed to reclaim its upward momentum. Lennar appears poised for potential downside as housing market weakness drags into its own results. U.S. stocks tumbled on Friday and the VIX spiked as oil prices soared amid the ongoing U.S.-Iran war and traders reacted to a lousy monthly jobs report. Source: Investing.com All the major indexes posted steep weekly declines, with the 30-stock Dow Jones Industrial Average falling 3%, the benchmark S&P…

Target Corporation (NYSE:TGT) is one of the stocks that should double in 3 years. On March 3, Target announced Q4 net sales of $30.5 billion, noting that sales and traffic trends accelerated in the final two months of the year. While full-year net sales decreased 1.7% to $104.8 billion, the company saw strength in non-merchandise categories, with membership revenue more than doubling and same-day delivery via Target Circle 360 growing over 30%. For the full year, Target reported GAAP EPS of $8.13 and Adjusted EPS of $7.57, reflecting a disciplined navigation of what the CEO described as a challenging period.…

A class action lawsuit has been filed against prediction market Kalshi, alleging that the death carveout in the “Ali Khamenei out as Supreme Leader” market was not properly disclosed to users and that the platform failed to pay out winning trades.The plaintiffs said that the death carveout policy was “not incorporated into the user-facing rules summary,” and was not displayed in a way that would notify a “reasonable consumer” of the policy or its effects.“Defendants, themselves, later acknowledged that their prior disclosures were ‘grammatically ambiguous,’” the lawsuit filing said. The class action lawsuit against Kalshi. Source: Court ListenerKalshi voided trading…

📊No votes yet – Be the first to vote Bitcoin is surging. Capital is fleeing Iran en masse, pushing the cryptocurrency’s price to heights not seen in months. On March 6, Owen Simonin and Alexandre Stachtchenko discussed this on “Les Pros des Cryptos” with Guillaume Sommerer. Economic sanctions are hitting Iran hard. Iranian investors are moving their funds to Bitcoin to avoid financial restrictions that worsen each week. There’s real panic among capital holders there, who are seeking solutions to protect their money. Economic uncertainty in the country is driving everyone to look for alternatives. Bitcoin is becoming their digital…

  Mubite, one of Europe’s fastest-growing crypto prop trading firms, has introduced a new trading infrastructure through its integration with cleo.finance, enabling a streamlined simulated trading environment for traders worldwide. After building a strong presence across Europe and Asia, Mubite continues expanding its ecosystem with a platform designed to provide traders with a seamless experience and access to Mubite’s industry-leading funding programs. Through the integration with cleo.finance, traders globally can access Mubite’s core features including instant funding, one-step or two-step challenges, and a fully integrated simulated crypto prop trading environment. What Traders Can Expect from Mubite Traders participating through Mubite’s…

Utexo, a startup building Bitcoin-native stablecoin settlement infrastructure, announced a $7.5 million seed round co-led by Tether, Big Brain Holdings, and Portal Ventures.  The round also included participation from Franklin Templeton, Maven11 Capital, Fulgur Ventures, Alchemy VC, Ethereal Ventures, Auros Ventures, Arcanum Capital, Paper Ventures, Axia8, FlowTraders, Plan B, Gate Ventures, Sats Ventures, and strategic angels including operators from Ledger, Hyperion, BTC Turk, Echo, Legion, and SOLV. The company was founded to address a longstanding gap in the cryptocurrency ecosystem: enabling USDT to settle natively on Bitcoin with robust, production-ready payment rails. Tether’s  CEO, Paolo Ardoino, said that Bitcoin has…

The initial public offering (IPO) of Sedemac Mechatronics Ltd, a Pune-based manufacturer of powertrain controls and auto parts, managed to get fully subscribed on Friday, March 6 — the last and final day of bidding — amid strong demand from institutional investors.The offer was booked 46% at the end of the second day.According to BSE data, Sedemac Mechatronics IPO attracted bids for 1,51,10,909 shares, against the total offer of 56,32,899 shares, resulting in 2.68 bids.Breaking down subscription by category, Qualified Institutional Buyers (QIBs) saw the highest bids at 8.46 times bids, while the quota for non-institutional investors was subscribed 77%…

Declines in Old Dominion Freight Line’s key metrics moderated in February. A 3.3% year-over-year decline in revenue per day during the month was better than the 6.8% drop the less-than-truckload carrier recorded in January. “We are encouraged by trends that we have seen develop in our business … we remain cautiously optimistic about the direction of the domestic economy,” said Marty Freeman, Old Dominion president and CEO, in a news release. Old Dominion’s (NASDAQ: ODFL) tonnage declined 6.8% y/y in February as a 7% decline in daily shipments was only partially offset by a 0.2% increase in weight per shipment.…

The banks’ side in the Clarity Act negotiations refuses to accept the White House’s suggested compromise. Trump’s crypto advisor, Patrick Witt, called out JPMorgan CEO Jamie Dimon for his misleading comments about stablecoin yields. US President Donald Trump has recently put pressure on banks in ongoing talks over the Clarity Act. However, the gatekeepers of traditional finance are reportedly not playing ball with the White House’s proposed compromise. Along the way, White House digital asset advisor Patrick Witt has engaged JPMorgan Chase CEO Jamie Dimon in a war of words after Dimon criticized the crypto industry. Clarity Act Negotiations Hit…