Latest news with #FLR
Yahoo
a day ago
- Business
- Yahoo
Fluor Corp (FLR) – Rallies 11% on Advanced Nuclear Development
We recently published a list of . In this article, we are going to take a look at where Fluor Corporation (NYSE:FLR) stands against other best-performing stocks on Wednesday. Fluor Corp. jumped by 10.97 percent on Wednesday to finish at $49.79 apiece, mirroring the rally in nuclear stocks amid the ongoing progress in nuclear development in the US. The rally was likely boosted by the US Air Force's milestone deal with another small modular reactor (SMR) provider, in line with the United States' plan to ramp up the adoption of nuclear reactor technologies in the country. The optimism spilled over to NuScale Power Corp., in which Fluor Corporation (NYSE:FLR) owns a significant stake. In the first quarter of the year, Fluor Corporation (NYSE:FLR) swung to an attributable net loss of $241 million from a $59 million attributable net income in the same period last year. A close-up of an engineer surveying a large-scale construction project. Revenues increased by 6.7 percent to $3.98 billion from $3.73 billion year-on-year. Fluor Corporation (NYSE:FLR) is a Texas-based engineering, procurement, and construction company that is heavy on building nuclear power plants. Overall, FLR ranks 6th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of FLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
2 days ago
- Business
- Business Insider
BitGo Introduces Custody Support for Flare and Songbird Networks
Dubai, UAE, June 12th, 2025, Chainwire Flare, the blockchain for data, today announced that BitGo has launched institutional custody services for Flare (FLR) and Songbird (SGB). BitGo, a globally regulated and licensed qualified custodian based in the United States, provides secure storage infrastructure used by many leading digital asset platforms and financial firms. This collaboration represents a meaningful step forward as Flare expands its reach to regulated and compliance-focused markets. Institutions using BitGo can now store and manage FLR and SGB tokens through qualified custody or self-custody setups. Both hot and cold wallet options are available, offering flexibility for institutions managing these assets. Staking functionality and additional integrations will follow in the coming months. Flare is an EVM-compatible Layer 1 network designed to support applications that rely on real-world data. It features built-in data protocols such as the Flare Time Series Oracle for delivering accurate price feeds, the Flare Data Connector for integrating external and cross-chain information, and the FAssets system, which brings assets like BTC, XRP, and DOGE into the world of decentralized finance. Songbird, Flare's canary network, operates as a real-time testbed for new features before they are introduced on the Flare mainnet. Developers use Songbird to evaluate functionality under live conditions with real economic incentives. The announcement comes as Flare gains momentum in institutional circles. Earlier this week, VivoPower, a publicly traded firm, became the first major institution to adopt an XRP-based treasury strategy on Flare, allocating one hundred million dollars worth of XRP to the network's DeFi ecosystem. 'Partnering with a well-established, U.S.-based qualified custodian like BitGo is a key milestone in Flare's institutional journey,' said Hugo Philion, CEO and co-founder of Flare. 'BitGo's reputation, regulatory credentials, and support for segregated accounts make them an ideal partner as we prepare to launch products that require compliant custody solutions. We're proud to work with BitGo to expand secure access to FLR and SGB for institutions worldwide.' In the coming period, BitGo will introduce staking for FLR, delegation support for Wrapped Flare (WFLR), integration with Flare's token standard, and compatibility with the Flare P-Chain. Institutions seeking to engage with FLR and SGB through BitGo can reach out to their client service manager or visit the BitGo website for onboarding details. Flare is a smart contract platform built to bring external data on-chain securely and at scale. It supports data-intensive use cases including machine learning, asset tokenization, gaming, and social platforms. With enshrined oracles integrated directly into its network, Flare enables developers to access a wide range of data sources while maintaining decentralization and trust minimization. BitGo is a United States based digital asset custodian serving institutions and exchanges across the globe. Recognized for its regulatory standing and compliance credentials, BitGo offers custody solutions including segregated accounts and qualified custodianship. The company is licensed by the New York Department of Financial Services and provides services designed to meet the needs of professional digital asset holders.
Yahoo
02-05-2025
- Business
- Yahoo
Fluor: Q1 Earnings Snapshot
IRVING, Texas (AP) — IRVING, Texas (AP) — Fluor Corp. (FLR) on Friday reported a loss of $241 million in its first quarter. The Irving, Texas-based company said it had a loss of $1.42 per share. Earnings, adjusted for non-recurring costs, were 73 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. The engineering, construction and operations company posted revenue of $3.98 billion in the period. Fluor expects full-year earnings in the range of $2.25 to $2.75 per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FLR at Sign in to access your portfolio
San Francisco Chronicle
02-05-2025
- Business
- San Francisco Chronicle
Fluor: Q1 Earnings Snapshot
IRVING, Texas (AP) — IRVING, Texas (AP) — Fluor Corp. (FLR) on Friday reported a loss of $241 million in its first quarter. The Irving, Texas-based company said it had a loss of $1.42 per share. Earnings, adjusted for non-recurring costs, were 73 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. The engineering, construction and operations company posted revenue of $3.98 billion in the period.
Yahoo
14-04-2025
- Business
- Yahoo
Crypto Daybook Americas: A Bizarre $5.4B Loss Has Left Investors Devastated
By Omkar Godbole (All times ET unless indicated otherwise) The new week is off to a silent start as bitcoin looks to establish a foothold above the trendline, characterizing the downtrend line from record highs, with $86K emerging as resistance over the weekend. FLR, TRX and SOL beat the broader market, while the RWA protocol Mantra's OM token tanked during the Asian hours. Mantra blamed the 90% crash to 70 cents on forced liquidations on crypto exchanges, while blockchain sleuth Spot On Chain pointed to a significant movement of coins to crypto exchange OKX three days before the crash. Meanwhile, OKX's CEO Star Xu called the OM token collapse a major scandal for the entire crypto industry, stressing that all on-chain data is publicly available for scrutiny across major exchanges. In other news, data tracked by IntoTheBlock showed a renewed uptick in transaction volumes on Virtuals Protocol, a blockchain project enabling the creation, ownership, and deployment of AI agents. Data tracking platform Arkham Intelligence said that Mechanism's Capital Andrew Kang doubled his bullish bet on BTC, now holding a long worth $200 million. New York Digital Investment Group (NYDIG) discussed the relative stability of the crypto market and its orderly behavior during last week's carnage in the traditional markets, saying it could become a self-reinforcing virtuous cycle. Still, some investors anticipate a range-bound trading pattern for bitcoin (BTC) due to concerns that the U.S.-China trade tensions will not be resolved quickly. This follows President Trump's late Friday decision to exempt certain products from Chinese tariffs, a gesture perceived as a willingness to negotiate. "BTC continues to consolidate within the $80k-$90k range and could continue trading sideways, adopting a "wait and see" approach to the tariff situation,' QCP Capital said in a Telegram broadcast, noting the weekend demand for the $100K calls. Per Bloomberg's Lisa Abramovicz, there is deep skepticism in cheering Trump's late Friday pivot. "This is still a sell rallies environment. Tariff uncertainty, growth weakness, a Fed risking policy errors in both directions and fund outflows all suggest wider spreads ahead," Abramovic quoted Deutsche Bank's Credit Analyst Steve Caprio as saying. Some market participants expressed concerns about the dwindling demand for the spot bitcoin ETFs, which registered an outflow of over $700 million last week, according to data source Farside Investors. "ETF demand is cooling. A sharp drop in bitcoin spot ETF assets signals institutional outflows. Watch this trend closely," blockchain analytics firm CryptoQuant said on X. Lastly, major U.S. equity indexes, the S&P 500 and the Nasdaq, appeared headed for the death cross, a bearish technical pattern involving the 50-day simple moving average's (SMA) move below the 200-day SMA and the dollar index looked oversold as per the 14-day relative strength index. Both observations called for caution in risk assets. The key events and data to watch out for the week ahead are Monday's stock market reaction to Trump's tariff exclusions, Wednesday's U.S. retail sales and Fed Chairman Jerome Powell's speech and earnings reports on Wall Street on Friday. Stay Alert! Crypto: April 14, 2025: Filecoin (FIL) nv25 "Teep" mainnet upgrade means FEVM will now support transient storage, aligning with Ethereum's EIP-1153. April 15: The first SmarDEX (SDEX) halving means that from this date, the SDEX token's distribution "will be halved for the next 12 months, reducing selling pressure by half for the coming year." April 16: HashKey Chain (HSK) mainnet upgrade enhances network stability and fee control capabilities. April 17: EigenLayer (EIGEN) activates slashing on Ethereum mainnet, enforcing penalties for operator misconduct. April 18: Pepecoin (PEP), a Layer 1 proof-of-work blockchain, undergoes its second halving, reducing block rewards to 15,625 PEP per block, decreasing new coin issuance and potentially affecting market dynamics. April 21: Coinbase Derivatives will list XRP futures pending approval by the U.S. Commodity Futures Trading Commission (CFTC). Macro April 14: Salvadoran President Nayib Bukele will join U.S. President Donald Trump at the White House for an official working visit. April 14, 1:00 p.m.: Fed Governor Christopher J. Waller will deliver an 'Economic Outlook' speech. Livestream link. April 15, 8:30 a.m.: Statistics Canada releases March consumer price inflation data. Core Inflation Rate MoM Prev. 0.7% Core Inflation Rate YoY Prev. 2.7% Inflation Rate YoY Prev. 2.6% April 16, 8:30 a.m.: The U.S. Census Bureau releases March retail sales data. Retail Sales MoM Est. 1.3% vs. Prev. 0.2% Retail Sales YoY Prev. 3.1% April 16, 9:45 a.m.: Bank of Canada releases its latest interest rate decision; this is followed by a press conference 45 minutes later. Policy Interest Rate Est. 2.75% vs. Prev. 2.75% April 16, 1:30 p.m.: Fed Chair Jerome H. Powell will deliver an 'Economic Outlook' speech. Livestream link. Earnings (Estimates based on FactSet data) April 22: Tesla (TSLA), post-market April 30: Robinhood Markets (HOOD), post-market Governance votes & calls Venus DAO is discussing the forced liquidation of the remaining debt owed by a BNB bridge exploiter account that 'supplied extraneously minted BNB to Venus and generated an over-collateralized debt position.' Aave DAO is discussing taking further steps to deprecate Synthetix's sUSD on Aave V3 Optimism over technical developments that have 'compromised its ability to consistently maintain its peg.' GMX DAO is discussing the establishment of a GMX Reserve on Solana, which would involve bridging $500,000 in GMX to the Solana network and transferring the funds to the GMX-Solana Treasury. April 14, 10 a.m.: Stacks to host a livestream with recent announcements from the project. April 14, 12 p.m.: MiL.k to host an Ask Me Anything (AMA) session with Arbitrum. April 15, 10 a.m.: Injective to hold an X Spaces session with Guardian. Unlocks April 15: Starknet (STRK) to unlock 4.37% of its circulating supply worth $15.93 million. April 16: Arbitrum (ARB) to unlock 2.01% of its circulating supply worth $27.82 million. April 18: Official Trump (TRUMP) to unlock 20.25% of its circulating supply worth $337.71 million. April 18: Fasttoken (FTN) to unlock 4.65% of its circulating supply worth $81 million. April 18: UXLINK (UXLINK) to unlock 11.09% of its circulating supply worth $18.33 million. April 18: Immutable (IMX) to unlock 1.37% of its circulating supply worth $10.23 million. Token Launches April 14: KernelDAO (KERNEL) to be listed on Binance, LBank, KuCoin, MEXC, and others. April 16: Badger (BADGER), Balacner (BAL), Beta Finance (BETA), Cortex (CTXC), Cream Finance (CREAM), Firo (FIRO), Kava Lend (KAVA), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend Finance (UFT), VIDT DAO (VIDT), and aelf (ELF) to be delisted from Binance. April 22: Hyperlane to airdrop its HYPER tokens. CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. April 14: ETH Seoul 2025 Conference April 14: FinTech and InsurTech Digital Congress 2025 (Warsaw) Day 1 of 3: Morocco WEB3FEST GITEX Edition (Marrakech) April 15: Strategic Bitcoin Reserve Summit (online) April 15-16: BUIDL Asia 2025 (Seoul) April 15-16: World Financial Innovation Series 2025 (Hanoi, Vietnam) April 15-17: NexTech Week Tokyo April 22-24: Money20/20 Asia (Bangkok) April 23: Crypto Horizons 2025 (Dubai) April 23-24: Blockchain Forum 2025 (Moscow) By Shaurya Malwa MANTRA's OM token plummeted 90% in one hour early Monday, dropping from over $6 to 37 cents, erasing $5.4 billion in market cap. Since April 7, 2025, 17 wallets, including two linked to Laser Digital (a MANTRA investor), deposited 43.6M $OM tokens ($227M, 4.5% of circulating supply) into exchanges like OKX and Binance, just before a major price crash, raising suspicions of insider selling or manipulation. The MANTRA team denied involvement, attributing the crash to 'reckless liquidations' by exchanges during low-liquidity hours, claiming their tokens remain locked and verifiable on-chain, though community trust is shaken. Investors expressed devastation on X, with users such as @Jeetburner, claiming to have lost over $3.5 million. Critics accused MANTRA and Binance of a 'liquidity exit' and threatened legal action, while MANTRA's Telegram group closed to new users. The incident may impact credibility in the RWA sector as real-world bigwigs - such as UAE real estate giant DAMAC, in Mantra's case - keep wary of projects with volatile token prices. Perpetual funding rates for more major tokens, excluding XRP, remain mildly positive below the annualized 10%, reflecting a moderately bullish positioning. BTC's rally has stalled near $85K in the past 24 hours. Futures open interest has dropped from $16.4 billion to $15 billion, a sign that traders are taking some risk off the table. XRP's recovery since April 7 has not been backed by an uptick in open interest, raising questions in the market about the sustainability of gains. On Deribit, the short-term BTC and ETH options skew remains negative, but the so-called put bias has weakened significantly since last Monday. The mid-term and longer-term skews have flipped back in favor of calls. BTC is up 0.66% from 4 p.m. ET Friday at $84,404.14 (24hrs: -0.61%) ETH is up 4.5% at $1,642.47 (24hrs: +0.94%) CoinDesk 20 is up 3.1% at 2,489.90 (24hrs: -1.03%) Ether CESR Composite Staking Rate is down 8 bps at 3.01% BTC funding rate is at 0.0177% (6.4725% annualized) on Binance DXY is down 0.67% at 99.44 Gold is up 2.19% at $3,243.50/oz Silver is up 1.54% at $32.31/oz Nikkei 225 closed +1.18% at 33,982.36 Hang Seng closed +2.4% at 21,417.40 FTSE is up 2.11% at 8,132.15 Euro Stoxx 50 is up 2.32% at 4,898.29 DJIA closed on Friday +1.56% at 40,212.71 S&P 500 closed +1.81% at 5,363.36 Nasdaq closed +2.06% at 16,724.46 S&P/TSX Composite Index closed +2.49% at 23,587.80 S&P 40 Latin America closed +1.91% at 2,298.75 U.S. 10-year Treasury rate is down 5 bps at 4.44% E-mini S&P 500 futures are down 1.37% at 5,465.00 E-mini Nasdaq-100 futures are up 1.57% at 19,102.75 E-mini Dow Jones Industrial Average Index futures are up 0.99% at 40,800.00 BTC Dominance: 63.47 (-0.12%) Ethereum to bitcoin ratio: 0.01944 (1.94%) Hashrate (seven-day moving average): 893 EH/s Hashprice (spot): $44.0 Total Fees: 4.24 BTC / $358,663 CME Futures Open Interest: 133,945 BTC priced in gold: 26.0/oz BTC vs gold market cap: 7.37% BTC topped the bear market trendline on Saturday but has since struggled to build momentum on the breakout. The weekend high of $86K is the immediate resistance, followed by the April 2 highs above $88,600. Strategy (MSTR): closed on Friday at $299.98 (+10.15%), up 1.96% at $305.85 in pre-market Coinbase Global (COIN): closed at $175.5 (+3.47%), up 1.83% at $178.51 Galaxy Digital Holdings (GLXY): closed at C$15.28 (+6.48%) MARA Holdings (MARA): closed at $12.51 (+6.56%), up 1.12% at $12.65 Riot Platforms (RIOT): closed at $7.06 (+3.98%), up 1.98% at $7.20 Core Scientific (CORZ): closed at $7.07 (+3.67%), up 0.71% at $7.12 CleanSpark (CLSK): closed at $7.50 (+5.19%), up 2.27% at $7.67 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.91 (+3.12%) Semler Scientific (SMLR): closed at $33.76 (+3.46%), down 2.22% at $33.01 Exodus Movement (EXOD): closed at $44.08 (+7.33%), unchanged in pre-market Spot BTC ETFs: Daily net flow: -$1 million Cumulative net flows: $35.46 billion Total BTC holdings ~1.10 million Spot ETH ETFs Daily net flow: -$29.2 million Cumulative net flows: $2.29 billion Total ETH holdings ~3.38 million Source: Farside Investors The total value locked in Ostium Protocol, an open-sourced, decentralized exchange on Ethereum Layer 2 Arbitrum. It's sign of growing demand for DeFi as the sub-sector held steady, defying the past week's market crash. Bitcoin Options Play Shows $100K Target Back in Bulls' Crosshair (CoinDesk): Traders chase call options as BTC's price recovers, with the $100K call option becoming the most favored bet, with a notional open interest of nearly $1.2 billion. Mantra's OM Crashes 90% in Bizarre Selloff as Team Alleges 'Forced Liquidations' (CoinDesk); The Mantra team attributed the price drop, which led to over $50 million in liquidations on OM-tracked futures, to reckless liquidations by centralized exchanges, not issues with the project's fundamentals. Bitcoin Flat as White House Pushes Mixed Messages on Technology Tariffs (CoinDesk): Bitcoin held above $84K as East Asia trading opened, with markets rebounding on tariff relief for Chinese electronics, though BTSE's Jeff Mei cautioned the rally may not last. Goldman Puts $4,000 Gold on the Agenda as Hunt for Havens Grows (Bloomberg): Goldman sees a 45% chance of a U.S. recession, predicting gold could hit $3,880 by year-end if it occurs, driven by ETF inflows as investors hedge against falling risk assets. China's Xi Says 'Protectionism Will Lead Nowhere' as He Starts Southeast Asia Outreach Amid Tariff Worries (CNBC): Xi, visiting Vietnam today and tomorrow, warned in ruling party paper "Nhan Dan" that trade wars hurt everyone and urged closer China-Vietnam ties in technology and supply chains. BOJ May Mull Halting Rate Hikes If Yen Nears 130, Goldman Says (Bloomberg): A stronger yen could squeeze exporters' margins, lower import costs, deter investment and dampen wage growth — making it harder for the central bank to justify further rate hikes.
