News

H.B. Fuller Company's first-quarter results showed a 2.7% year-over-year decline in net revenue, driven by underperformance in the Health, Hygiene, and Consumable segment. Despite this, the company's Engineering and Building Adhesive Solutions segments showed positive results, and the analyst expects adjusted EBITDA to grow by 1% in FY2025.

J.P. Morgan analyst Jeremy Tonet remains bullish on the power sector despite current bearish sentiment, citing strong demand growth and regulatory uncertainty as key factors influencing market dynamics. He reiterates Overweight ratings on Talen Energy Corporation (TLN) and Constellation Energy Corporation (CEG), lowering price forecasts, and maintains an Overweight rating on Vistra Corp. (VST), lowering the price forecast.

Economist Peter Schiff criticized Bitcoin's year-to-date decline, highlighting gold's 18% rally as evidence of misplaced market focus. He challenged the bullish narrative surrounding Bitcoin's strategic reserve, arguing that investors are ignoring market fundamentals and overlooking gold's role as a traditional hedge.

President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, who previously pled guilty to federal charges related to money laundering and regulatory violations. The pardons come as Hayes has maintained an extremely bullish outlook on Bitcoin despite market volatility.

Nippon Steel and U.S. Steel Corp. X are reportedly reviving their $14 billion merger with increased investment in U.S. Steel's Rust Belt facilities, aiming to address national security concerns and gain approval from the Trump administration. The revised terms would see Nippon Steel significantly boost its initial investment commitment to upgrade U.S. Steel plants, potentially paving the way for the deal to be approved.