Coinbase Brings Leverage to the Masses With Perpetual Futures
Emboldened by the pro-crypto regulatory environment fostered by the Trump administration, Coinbase Global Inc. just made one of the most-popular — and riskiest — crypto products in the world available to US retail investors.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Tight security as Trump heads to Scotland for diplomacy and golf
US President Donald Trump was due to arrive in Scotland on Friday for a mix of diplomacy, business and leisure, with a huge security operation swinging into place and protests planned near his family-owned golf resorts. The president, whose mother was born in Scotland, is expected to split his time between two seaside golf courses bearing his name, in southwestern coastal Turnberry and Aberdeen in the northeast. Air Force One carrying the president and White House staff was due to arrive around at 8:20 pm local time (1920 GMT) and Trump has no public events scheduled for Saturday or Sunday, the White House said. Police Scotland, who are bracing for mass protests in Edinburgh and Aberdeen as well as close to his golf courses, said there will be a "significant operation across the country over many days". An avid golfer, Trump is expected to tear himself away from the greens to meet with British Prime Minister Keir Starmer at some point, but details of that meeting have not been released. Starmer is not reputed to be as passionate about golf as the 79-year-old Republican, and may have other concerns to tee off on. The US and the UK announced a trade agreement in May, but London is worried about Trump's stated intention to "refine" the deal. The British leader, who has dodged the exorbitant import/export tariffs other countries have been saddled with, will aim to stay in the good graces of the unpredictable American leader. The international outcry over the conflict in Gaza may also be on the agenda, amid growing pressure on Starmer to follow French President Emmanuel Macron and announce the UK will also recognise a State of Palestine. - Protests - Trump is expected to return to the UK in September for a state visit -- his second -- at the invitation of King Charles III, which promises to be lavish. During a 2023 visit, Trump said he felt at home in Scotland, where his mother Mary Anne MacLeod grew up on the remote Isle of Lewis before emigrating to the United States at age 18. The affection is not necessarily mutual in Scotland. Residents, environmentalists and elected officials have also voiced discontent over the Trump family's construction of a new golf course, which he is expected to open before he heads back to the UK on Tuesday. Scotland's leader, First Minister John Swinney, said the country "shares a strong friendship with the United States that goes back centuries". He said he would meet with Trump during the visit and said the US leader's trip provided Scotland with a "platform to make its voice heard on the issues that matter, including war and peace, justice and democracy". Trump has also stepped into the sensitive debate in the UK about green energy and reaching net zero, with Aberdeen being the heart of Scotland's oil industry. He said the UK should "stop with the costly and unsightly windmills, and incentivise modernised drilling in the North Sea, where large amounts of oil lay waiting to be taken". "A century of drilling left, with Aberdeen as the hub," the president wrote on his Truth Social platform about Europe's oil and gas hub. - US discontent - The trip to Scotland puts physical distance between Trump and the latest twists in the case of convicted sex offender Jeffrey Epstein, the wealthy financier accused of sex trafficking who died in prison in 2019 before facing trial. In his heyday, Epstein was friends with Trump and others in the New York jet-set, but the president is now facing backlash from his own MAGA supporters who demand access to the Epstein case files. Many support a conspiracy theory under which "deep state" elites protected rich and famous people who took part in an Epstein sex ring. But Trump is urging his supporters to move on and drop the case. The Wall Street Journal, which published an article detailing longstanding links between Trump and the sex offender, is being punished by the White House. Its reporting staff plans to travel to Scotland on its own and join the White House press pool. But it has now been denied a seat on Air Force One for the flight back home. While Trump's family has undertaken many development projects worldwide, the president no longer legally controls the family holdings. But opponents and watchdog groups have accused him of many conflicts of interest and using his position as US president to promote private family investments, especially abroad. The American NGO Citizens for Responsibility and Ethics in Washington said in May that 21 development projects were already underway abroad during Trump's second term. aue-jkb/jj/yad Solve the daily Crossword
Yahoo
17 minutes ago
- Yahoo
Daily Briefing: The people of 'South Park' apologize
Good morning!🙋🏼♀️ I'm . Debate: Google Maps v. Waze. "South Park" tore into President Trump. Trump's visit marked just the fourth time a president has visited the Federal Reserve headquarters. WWE icon Hulk Hogan has died at the age of 71. 'South Park' creators 'apologize' for latest episode The day after one of the most controversial episodes in the show's history, 'South Park' creators Trey Parker and Matt Stone said 'we're terribly sorry" for the ruckus they caused. The Season 27 premiere of 'South Park' blasted President Donald Trump, showing him literally getting into bed naked with Satan, and referenced their Paramount bosses' settlement with the president, the '60 Minutes' flap and the surprise cancellation of CBS's "The Late Show with Stephen Colbert." It all followed an agreement between Paramount and the "South Park" creators for 50 new episodes and a lucrative new streaming deal on Paramount+. Trump's visit to Fed is latest twist in feud over interest rates President Trump and Federal Reserve chair Jerome Powell clashed as they toured ongoing renovations of the Fed's headquarters, with the chairman correcting the president over the scale of cost overruns. It's not unprecedented for U.S. presidents to push for lower interest rates boost the economy. But no president has tried to bully a Fed chief as persistently and overtly. Hard hats on: Trump has relentlessly criticized Powell for not lowering interest rates, labeling the Fed chairman "too late" for holding interest rates steady. Why the costly reno? The Fed has said the more than 33% increase in cost was due to design changes, costs of materials, equipment and labor and other 'unforeseen conditions' such as more asbestos than anticipated and toxic contamination in soil. Trump said the cost overruns are not something to be fired over. Powell has cited anticipated rising inflation from Trump's massive tariffs on imports as a reason to keep the rates unchanged. Inflation accelerated in June, the highest annual inflation rate since February. More news to know now Trump heads to Scotland on Friday. Golf is likely on the agenda. Israel and the U.S. recalled teams from Gaza truce talks. Jeffrey Epstein accomplice Ghislaine Maxwell met with the DOJ. A college sports executive order addresses NIL and pay-for-play. What's the weather today? . Blistering heat may grip your city this weekend An unrelenting heat wave that has baked the Midwest for days promises temperatures approaching 100 degrees in New York, Philadelphia and Washington, D.C., on Friday. Record high temperatures are "likely to be challenged" in parts of the Northeast over the next two days, meteorologists said, and all regions affected are also likely to see some record warm minimum temperatures broken. A "heat dome" has mixed a cocktail of high heat and humidity to push heat indices over 100 degrees in many areas. Advocates for homeless react to executive order 'The safest communities are those with the most housing and resources, not those that make it a crime to be poor or sick ... People need stable housing and access to healthcare. Rather, Trump's actions will force more people into homelessness, divert taxpayer money away from people in need, and make it harder for local communities to solve homelessness." ~ Jesse Rabinowitz of the National Homelessness Law Center, in reaction to Trump's executive action on Thursday making it easier for cities and states to remove homeless people from the streets. Today's talkers Candace Owens responded to a defamation lawsuit filed by the French president and first lady. In "Sorry Baby," Eva Victor crafts comedy out of trauma. RFK Jr. works out in jeans. We tried it. It didn't go well. The complications of "penis filler" are horrifying doctors. Travis Kelce and Taylor Swift "had some adventures this offseason". Hulk Hogan, WWE Hall of Famer and wrestling legend, dies at 71 Wrestling icon Hulk Hogan died at the age of 71 after suffering cardiac arrest. Considered one of the most popular pro wrestlers of all time, Hogan was instrumental in the rise of pro wrestling's popularity, considered one of the first larger-than-life personas. He influenced several stars that joined the business after him. Column: Hogan changed wrestling. His legacy won't be remembered for it. Hogan was not immune to controversy and criticism, from a racist tirade/sex tape to abuse of power within pro wrestling. Hogan's five most memorable movie roles. (He got crushed in "Rocky III"). Photo of the day: Alone at the front of the pack Tadej Pogačar didn't win the hardest stage of the 2025 Tour de France on Thursday, but the defending champion and this year's favorite showed again that there's likely nobody capable of taking the yellow jersey from him. Riders had to overcome 5,450 meters in climbs up three different summits. Nicole Fallert is a newsletter writer at USA TODAY, sign up for the email here. Want to send Nicole a note? Shoot her an email at NFallert@ This article originally appeared on USA TODAY: 'South Park', Trump, Powell, interest rates, inflation, Fed, Hulk Hogan, heat wave, Taylor Swift: Daily Briefing Solve the daily Crossword
Yahoo
17 minutes ago
- Yahoo
Lennox International Second Quarter 2025 Earnings: Beats Expectations
Lennox International (NYSE:LII) Second Quarter 2025 Results Key Financial Results Revenue: US$1.50b (up 3.4% from 2Q 2024). Net income: US$277.6m (up 13% from 2Q 2024). Profit margin: 19% (up from 17% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$7.86 (up from US$6.91 in 2Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Lennox International Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in the US. Performance of the American Building industry. The company's shares are up 8.6% from a week ago. Valuation Following the latest earnings results, Lennox International may be overvalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data
