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The president wants to build a federal cryptocurrency reserve. His subordinates are starting by counting up crypto the government already holds.

Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 9.1% year on year to $1.58 billion. On the other hand, next quarter’s revenue guidance of $1.07 billion was less impressive, coming in 0.7% below analysts’ estimates. Its GAAP profit of $3.57 per share was 0.8% below analysts’ consensus estimates.

Packaged food company Campbell's (NASDAQ:CPB) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 9.3% year on year to $2.69 billion. Its non-GAAP profit of $0.74 per share was 2.2% above analysts’ consensus estimates.

(Bloomberg) -- Kazakhstan plans to buy $1 billion of inflation-protected US Treasuries in a wager that President Donald Trump’s policies will stall progress in bringing down inflation.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Remembering the Landscape Architect Who Embraced the CityNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowUS Tent Facility is Holding Migrant Families Longer Than Recommen

Bitcoin rose earlier this week, but initial excitement from Trump’s strategic reserve plans was short-lived due to profit-taking amid the lack of concrete plans and a risk-off mood in broader equity markets.

Binance open interest drops below 100,000 BTC, lowest level in over a year.

In the waning days of 2024, as the world braced for the start of the second Trump presidency, there was a theory making the rounds that went like this: Sure, economists said his agenda could spell disaster but there’s at least one institution that would be able rein in Trump’s worst instincts — Wall Street!