Nexo, a digital assets wealth platform, has expanded its Zero-Interest Credit (ZiC) product to include Solana’s SOL and Ripple’s XRP as supported collateral assets. With this move, Nexo becomes the first platform to offer 0% APR, no-liquidation lending backed by either asset, adding to its existing BTC and ETH collateral options. ZiC, which was named
ExxonMobil, the world’s largest publicly traded energy giant, is set to release its fiscal first-quarter 2026 earnings report before the US market opens on May 1. These will be the company’s first full quarterly results since the outbreak of the Hormuz conflict, with investors keenly watching the impact on its bottom line. ExxonMobil’s revenue is
Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending
Wall Street opened in the red on Wednesday, as investors were cautious ahead of a pivotal Federal Reserve decision and a heavy slate of Big Tech earnings, while keeping a close eye on rising oil prices and geopolitical tensions. The S&P 500 slipped 0.18%, alongside the Dow Jones Industrial Average, which fell 92 points, while
Brent crude oil prices hit a near one-month high on Wednesday as reports claimed that the US will continue to block shipments from Iranian ports in the Strait of Hormuz. The price of West Texas Intermediate crude oil also jumped comfortably above the triple-digit figure as supply concerns gripped the market. Gold on the other
SoFi Technologies reported strong first-quarter results, with profit and revenue surpassing expectations, but its shares fell sharply after the company issued a slightly weaker-than-expected outlook for the current quarter. The financial services firm said it expects adjusted revenue growth of around 30% in the second quarter, just below analyst estimates of 31%. The cautious guidance
Robinhood stock price slumped by over 9% in the extended hours after the blue-chip company’s earnings fell short of expectations because of the cryptocurrency slump. HOOD dropped to $74 after closing at $82 in the regular session. So, is it safe to buy the dip or sell the rip? Robinhood stock falls as earnings fall
The nomination of Kevin Warsh to lead the Federal Reserve advanced on Wednesday after the Senate Banking Committee approved his candidacy in a sharply divided vote, paving the way for a final confirmation in the Republican-controlled Senate. The committee backed Warsh by a 13–11 margin along party lines, with all Republicans voting in favor and
US stocks opened lower on Tuesday, led by weakness in technology shares, as investors reassessed whether the artificial intelligence boom can sustain its momentum. The tech-heavy Nasdaq Composite fell more than 1.15%, while the S&P 500 dropped around 0.54%. In contrast, the Dow Jones Industrial Average edged higher by 110 points or 0.23%, supported by
Foreign demand for US investment-grade corporate bonds has remained strong for 15 consecutive months, according to a note by Citigroup, as cited in a Reuters reports. Overseas investors are increasingly rotating into technology, media and telecom (TMT) debt while reducing exposure to financial bonds. This trend comes despite recent concerns over rising corporate debt levels,