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Co-founder Antoni Trenchev credited the regulatory shift under Trump for the firm’s reemergence in the U.S. Nexo’s exit was preceded by failed regulatory talks and followed by a $45 million SEC fine.

(Bloomberg) -- Subscribe to Economics Daily for the latest news and analysis.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryUS Cricket Deepens Bet on Texas With HQ Shift From CaliforniaLos Angeles Downgraded to AA- by S&P Due to Budget WoesThe Last Thing US Transit Agencies Should Do NowTreasury Secretary Scott Bessent’s debt-management team is expected to keep the department’s plans for sa

Apollo published a slide deck arguing that the reduction in imports would be enough to trigger a recession in the U.S. starting in the summer.

Fast-food pizza chain Domino’s (NYSE:DPZ) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 2.5% year on year to $1.11 billion. Its GAAP profit of $4.33 per share was 6.3% above analysts’ consensus estimates.

Wall Street's main indexes opened slightly higher on Monday, as investors braced for a week packed with key economic data and earnings from some top companies, while U.S. trade policy developments remained in focus. The Dow Jones Industrial Average rose 58.2 points, or 0.15%, at the open to 40,171.74. The S&P 500 rose 4.0 points, or 0.07%, at the open to 5,529.22​, while the Nasdaq Composite rose 8.0 points, or 0.05%, to 17,390.928 at the opening bell.

Mexican cement maker Cemex reported an 18% dip in its core earnings for the first quarter on Monday, driven largely by headwinds in the local market. Cemex reported earnings before interest, taxes, depreciation and amortization of $601 million, in line with estimates, due to a weaker peso currency and a dip in volumes at home, it said in a filing. The peso caused a $65 million hit to EBITDA, Cemex said, while volumes dropped in Mexico due to a rush last year to finish government infrastructure projects before presidential elections.

(Bloomberg) -- Morgan Stanley’s Michael Wilson says the weak dollar will support US corporate earnings, helping the American stock market to outperform the rest of the world.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryUS Cricket Deepens Bet on Texas With HQ Shift From CaliforniaLos Angeles Downgraded to AA- by S&P Due to Budget WoesThe Last Thing US Transit Agencies Should Do NowAt a tim