Coinbase ( COIN )
Crypto exchange Coinbase's stock jumped more than 31% in value on Wednesday, buoyed by optimism that the incoming presidency of Donald Trump would mean friendlier regulation for the digital asset industry.
Among measures that could support the sector would be instating a crypto-friendly SEC commissioner. Current chair Gary Gensler has a reputation in the industry for being a strict regulator of crypto businesses, having slapped multi-million dollar fines on multiple businesses for violations of securities law.
Trump has been a vocal advocate of crypto on the campaign trail, having spoken at a bitcoin conference in the run-up to the election.
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Meanwhile, crypto money has been pouring into politics from the likes of Coinbase and Silicon Valley venture fund Andreessen Horowitz via PACs. Earlier this week it was revealed the pro-crypto super PAC Fairshake has already raised $78m (£60.5m) for the 2026 midterms.
Coinbase's share price is up 185% from the same point a year ago.
Bitcoin ( BTC-USD ) also jumped against the dollar, heading to all-time highs of almost $76,600.
JPMorgan ( JPM )
JPMorgan was among US banks that rallied on Wednesday following the decisive victory of Republican presidential candidate Trump, closing out the session more than 11.5% higher. Bank of America ( BAC ), Wells Fargo ( WFC ), and Goldman Sachs ( GS ) also gained steam. The S&P 500 ( ^GSPC ) index of bank stocks rose around 10%.
The rally relates to policies laid out by the incoming president to deregulate the industry in a number of areas, including less antitrust regulation leading to more mergers, lower capital constraints, and less pressure from the Consumer Financial Protection Bureau (CFPB) on consumer fees.
Read more: Stocks to watch as Donald Trump wins the US election
Rumours that the bank's longtime CEO Jamie Dimon may join Trump's administration were also quashed on Wednesday, according to a Reuters report . There has been speculation that he would become Treasury secretary
Auto Trader ( AUTO.L )
Auto Trader stock fell around 4.5% in early trade in London on Thursday, making it one of the top fallers in the FTSE 100 ( ^FTSE ) following an earnings report which presented a mixed picture.
Despite reporting growing revenues and profits, the outlook for used car sales put investors on edge.
Group revenues increased by 8% year-on-year to £302.5m in the six months to 30 September.
Revenue growth in the core Auto Trader business rose by 9% to £283.5m, which the listed business said was underpinned by continued retailer revenue growth, including better-than-expected growth in retailer forecourts.
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But, in the first half, the marketplace saw a 10% dip in volume of new cars sold, despite an increase in discounts from manufacturers.
Since January, the share of battery electric vehicles as a percentage of total car sales increased to 18% — short of the 22% target required under the Zero Emission Vehicle (ZEV) mandate for 2024.
Arm ( ARM )
Arm stock is trading around 6.2% lower in premarket on Thursday, following an earnings report that put revenue in line with Wall Street analyst expectations.
Some attributed the drop to unfulfilled hopes of stronger growth fuelled by AI. Industry peers of the Cambridge-based chip and software design company, Nvidia ( NVDA ) and AMD ( AMD ), have stormed to record breaking earnings reports in previous quarters pushing stock up by many multiples.
Arm posted a revenue in a range between $920m and $970m for the third quarter, with a midpoint of $945m, compared with an average analyst estimate of $944.3m, according to LSEG data.
BT Group ( BT-A.L )
Telecoms company BT Group saw its shares fall almost 5.4% on Thursday morning in London as the company downgraded its growth outlook for the year.
For the half-year ended 30 September, it reported a slight decline in revenue amid "challenging conditions" in its business arm and heightened competition in the consumer market.
Adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) came in at £4.1bn, up 1% year-on-year thanks to lower costs.
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Meanwhile, reported profit before tax came in at £1bn, down 10% due to lower revenue, higher costs and additional finance expenses.
It also reported net debt of £20.3bn at the end of September, up from the £19.5bn reported at the end of March. The higher level of debt was due to scheduled pension payments and the timing of the final dividend.
BT declared an interim dividend of 2.4p per share, up 2.3 percentage points from the half-year payout.
Other companies reporting results on Thursday:
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Apple and Android .