Author: Anthony M. Orbison

Shares in CarMax (NYSE:) rose more than 2% in premarket trading Thursday after the used vehicle retailer reported better-than-expected revenue for the fiscal Q2 2025. The company posted quarterly earnings per share (EPS) of $0.85, matching analysts’ expectations. Net sales and operating revenue rose to $7.01 billion, exceeding the consensus estimate of $6.82 billion. Used vehicle sales came in at $5.68 billion, up 1.5% year-over-year, beating the estimated $5.44 billion. Meanwhile, wholesale vehicle sales totaled $1.15 billion, down 13% year-over-year, slightly missing the $1.2 billion forecast. “We are pleased with the continued improvement of the business in the second quarter,…

The Ethereum (ETH) network has witnessed more downs than ups over the past few months. Despite its 64% ascent over the last year, ETH failed to hit an all-time high of $4,891.70. At press time, ETH was trading at $2,615.78 following a dainty drop over the day. Considering its current price, the altcoin is 46% below this level.Also Read: Can Bitcoin (BTC) Surge To A High of $80K In ‘Uptober’ Rally?SourceETH holders took to CoinMarketCap to reveal their expectations about the asset. Out of 97071 votes, only 26% of the community were bullish about Ethereum’s potential rise. A staggering 74%…

Regulatory Changes: How New Rules Are Shaping the Forex Industry The Forex industry has experienced significant changes in recent years, with regulatory bodies implementing new rules and guidelines to enhance market transparency, increase investor protection, and combat financial fraud. These regulatory changes are having a profound impact on the industry, affecting how brokers operate, what products they offer, and ultimately, the services they provide to clients. In this article, we’ll examine the key regulatory changes affecting the Forex industry and how they’re shaping the future of the market. Increased Scrutiny Regulatory bodies around the world are intensifying their scrutiny of…

(Bloomberg) — Global stocks rallied after China pledged fiscal stimulus and traders raised their bets on interest-rate cuts by major central banks.Most Read from BloombergThe Stoxx 600 index in Europe rose 1.2%, on track for a record close as luxury and mining stocks exposed to China gained. US futures advanced as Micron Technology Inc. surged 15% in premarket trading following a strong revenue forecast. Treasuries were flat and the dollar edged lower.Growing expectations that the Federal Reserve and European Central Bank will push on with their easing path are buoying markets. Traders are waiting for a pre-recorded address by Federal…

The stock market has soared this year, with the S&P 500 index hitting 41 closing highs and jumping 20%.The market’s latest boost came from the Federal Reserve, which last week slashed interest rates by one-half percentage point. Lower rates generally stimulate the economy, thereby boosting corporate earnings.JoAnne Feeney, a veteran portfolio manager at Advisors Capital ($8 billion of assets under management), is optimistic about the economy. It’s “in pretty good shape,” she wrote in a commentary. Goldman Sachs and Morgan Stanley are generally considered the country’s top two investment banks.Chris Hondros/Getty Images More rate cuts are expected. Those reductions will…

PayPal’s stablecoin PYUSD lost nearly 30% of its market cap over the last 30 days, sliding from over $1 billion to $712 million as of Sept. 25, according to on-chain data.The decline was primarily caused by a significant reduction of its market cap on Solana, which accounted for roughly 65% of the total market cap on Aug. 26.The PYUSD in circulation or locked within the Solana ecosystem has fallen from $662 million to $364 million as of Sept. 25. Comparatively, its market cap on Ethereum has remained stable over the period at $340 million.Nevertheless, the daily average transfer volume for…

Advanced Trading Strategies: A Guide to Scalping and Day Trading As a trader, it’s essential to stay ahead of the curve and continuously improve your skills to maximize profits. Two advanced trading strategies that can help you achieve this are scalping and day trading. In this article, we’ll delve into the world of scalping and day trading, exploring the techniques, benefits, and risks associated with each approach. Scalping: A High-Frequency Trading Strategy Scalping is a high-frequency trading strategy that involves buying and selling financial instruments, such as stocks, options, or futures, in a short period of time. The goal is…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Far-right members of Benjamin Netanyahu’s government lashed out at a US-French proposal for a 21-day ceasefire between Israel and the Lebanese militant group Hizbollah on Thursday, urging the prime minister not to accept the deal.The proposal put forward by US President Joe Biden and his French counterpart Emmanuel Macron on Wednesday was a last-ditch attempt to stop hostilities between Israel and Hizbollah — which have escalated dramatically over the past two weeks — from erupting into a full-blown war.US officials hope that…

By Pranav Kashyap (Reuters) -European shares jumped on Thursday, buoyed by optimism over fresh stimulus measures from China, while investors awaited remarks from the European Central Bank president. The pan-European index jumped 1.2% to 525.44, just shy of its record high of 526.66. Chinese leaders pledged to deploy “necessary fiscal spending” to meet this year’s economic growth target of roughly 5%. Chinese stocks soared, with the CSI300 blue-chip index and Hong Kong’s both surging over 4%. “There’s optimism that China could offer more stimulus in future, and in that case we could see this rally sustain,” said Fiona Cincotta, senior…

Este artículo también está disponible en español. According to technical analyst InspoCrypto, the current state of the Bitcoin (BTC) market reflects mixed sentiment and potential for volatility, particularly as the Bitcoin price hovers between $63,000 and the $64,000 mark.  Bitcoin Price Analysis InspoCrypto’s analysis indicates that the maximum slippage recorded was 16.5, which points to moderate liquidity in the market.  A volume delta of 415.848 million suggests a cumulative imbalance between buy and sell orders, with increased buying pressure supporting the recent price rise. This indicates that liquidity is sufficient to prevent sudden price shocks. Related Reading Hyblock Capital’s heatmap…