Ethereum AUD (ETH-AUD)
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Nvidia tops earnings, House considers crypto framework: Market Domination Overtime
Nvidia's (NVDA) fiscal first-quarter earnings results are the biggest story in this installment of Market Domination Overtime with Julie Hyman and Josh Lipton. The Dow Jones Industrial Average (^DJI) dropped 200 points ahead of Nvidia's standout earnings figures. Nvidia ended up beating estimates for its 2025 first-quarter, posting revenue of $26 billion (expected $24.69 billion) and adjusted earnings of $6.12 per share (expected $5.65 per share). Defiance ETFs CEO and CIO Sylvia Jablonski sat down with Yahoo Finance to discuss the lasting impact on markets, tech, and other industries. VF Corp (VFC) and Synopsys (SNPS) shares react to their latest earnings data. Yahoo Finance's Jennifer Schonberger also break down the latest news out of Washington, D.C. regarding the the Financial Innovation and Technology for the 21st Century Act — or FIT21 — that could provide a regulatory framework for cryptocurrency. Both bitcoin (BTC-USD and ethereum (ETH-USD) prices are moving on this news as experts look ahead to how the Senate will vote on this if it passes through the House. This post was written by Luke Carberry Mogan.
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Nvidia earnings, crypto rally, new housing data: Catalysts
On today's episode of Catalysts, Co-Hosts Seana Smith and Madison Mills invite top experts and strategists to break down some of the market's (^DJI,^GSPC, ^IXIC) biggest stories, from the crypto rally to the summer travel season driving consumer trends. Nvidia (NVDA) earnings are highly anticipated, as the chip company is expected to report a massive 242% surge in revenue. If Nvidia meets or tops these expectations, investors are hopeful it will spur a broader market rally. Skybridge Capital Founder and former White House Director of Communications Anthony Scaramucci encourages shareholders to stick with the company regardless of its earnings results: "I think if you hold it over the next decade, you're going to be very well rewarded." Newly released housing data shows existing home sales dropped in April, declining by 1.9% versus the expected 0.8%. HousingWire Lead Analyst Logan Mohtashami notes that while inventory levels have been on an upward trajectory, lingering challenges, like high mortgage rates and housing prices, are stunting the housing market's overall growth. Cryptocurrencies bitcoin (BTC-USD) and ethereum (ETH-USD) are rallying as the House is set to vote on the Financial Innovation and Technology for the 21st Century Act, or FIT21. The new crypto legislation could boost the entire sector as it would remove it from the purview of the Securities and Exchange Commission (SEC). Scaramucci adds that with the upcoming election, the Biden administration should show the sector some favorability as more individuals are looking to boost their wealth by investing in cryptocurrencies. As the summer travel season heats up, US Secretary of Transportation Pete Buttigieg joins the show to discuss how Americans should plan for their vacations ahead. He encourages all travelers to know their rights before making their trips, pointing to new measures that guarantee automatic refunds if flights get canceled. Buttigieg explains that the Department of Transportation is focused on getting "America's airlines to succeed and thrive. We want them to do it by providing good customer service and through honest practices." He adds that while many may be flying on Boeing (BA) planes this summer, consumers should not be afraid: "Look, I'm on a Boeing airplane every few days... so this is personal to me as well as something I care about as a policymaker. And bottom line is the FAA is not going to allow anything to go forward that they're not satisfied is safe." For more expert insight and the latest market action, click here This post was written by Melanie Riehl
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Trump will pull Biden into pro-crypto camp, Scaramucci says
The crypto space is reacting to a whirlwind of headlines this week, from US lawmakers' proposed regulatory framework to the Securities and Exchange Commission's (SEC) pending decision on an ether ETF. Ethereum (ETH-USD) saw a significant surge on Monday amid this hopeful speculation Skybridge Capital Founder Anthony Scaramucci joins Catalysts Anchors Seana Smith and Madison Mills to share his thoughts on the pace of effective cryptocurrency regulation and how lawmakers and presidential candidates are positioning themselves around digital assets ahead of the 2024 election. "There are 85 million people in this country that own crypto in one form or another. There are 65 million dog owners, so you have more crypto owners than you have dog owners," Scaramucci, who also briefly served as the White House Director of Communications in the Trump administration, says. "So, I think the Biden administration is looking at polling data and recognizing that younger people, [the] Hispanic community, [the] African-American community are in crypto. You guys really want to go that hard against crypto, I don't think it makes sense from [an] electoral perspective." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
