Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now São Paulo - Delayed Quote • BRL Petroreconcavo S.A. (RECV3.SA) Follow Compare 15.44 +0.05 +(0.32%) At close: March 6 at 6:07:41 PM GMT-3 Related News Gap CEO on Trump tariffs: We are monitoring them on an hourly basis Gap CEO Richard Dickson explains how his company is withstanding the Trump tariff headwinds. This economist questions why the US even needs a crypto reserve The Trump administration will be hosting the first-ever crypto summit at the White House on Friday, March 7, where President Trump is expected to lay out his plans for the future of a US strategic crypto reserve. Trump announced via a social media post that the new strategic crypto reserve will be comprised of cryptocurrencies ethereum (ETH-USD), Solana (SOL-USD), XRP (XRP-USD), cardano (ADA-USD), and bitcoin (BTC-USD). Paul Krugman, a Nobel Prize-winning economist, joins Morning Brief host Seana Smith and weighs in on the prospect of the US investing in a crypto reserve. "To the extent that crypto is in widespread use, it's almost entirely for criminal activities, money laundering, extortion payments," Krugman states, going on to add: "And it's true that people have bought crypto and driven the prices way up. But you ask, well... why are we investing in something where it's still not at all clear what the point is? And what does it even mean to have a crypto reserve? It's not like a reserve of oil that you can use..." Also catch Paul Krugman comment on the "destructive" nature of President Trump's tariffs that he is planning to levy against Canada and Mexico To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Costco misses on earnings as it faces cautious consumers, tariff threats Costco continues to outperform. Nasdaq enters correction, Feb. jobs report: Market Takeaways Thursday marked another bloody day for the stock market (^DJI, ^IXIC, ^GSPC) as all three of the major market averages sank lower, the Nasdaq Composite most notably falling 2.61% to lead the day's losses. Yahoo Finance senior markets reporter Josh Schafer is tracking the biggest takeaways from Thursday's session, explaining how 2025's tech sell-off has now dragged the Nasdaq into correction territory and what the market is expecting from the February jobs report due out Friday morning. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan. Costco misses Q2 profit estimates, beats on revenue Costco (COST) shares are trading slightly lower as the retailer reported mixed second quarter earnings results in Thursday's after-hours trading. The company missed Wall Street's profit expectations of $4.11 adjusted earnings per share (EPS), coming in instead at $4.02. However, Costco reported revenue of $63.72 billion, beating analyst expectations of $63.01 billion. Yahoo Finance Senior Reporter Brooke DiPalma joins Josh Lipton and Julie Hyman on Market Domination Overtime to go over the earnings report. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Sydney Strauss Tesla shares slump on Baird's price target cut Tesla (TSLA) shares are sliding Thursday afternoon after Baird slashed its price target for the company to $370 from $440. The investment firm cites concerns in Tesla's ability to meet high expectations for first quarter deliveries, also noting that Tesla CEO Elon Musk's involvement in the Trump administration creates risk for the company's demand. Market Domination hosts Josh Lipton and Julie Hyman discuss the analyst notes and outline the details. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Sydney Strauss Nasdaq, S&P 500, Dow see another day of red coming off Trump tariffs It's another day of red for (^DJI, ^IXIC, ^GSPC) following Thursday's tech sell-off, the Nasdaq Composite sinking by 2.61% — or over 480 points — leading stock losses. It's been another tumultuous week for markets as they juggled the barrage of headlines on President Trump's tariff policies ahead of Friday's jobs report. Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre monitor the day's activity across the stock and bond markets (^TYX, ^TNX, ^FVX). To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Teladoc partners with Eli Lilly, Burlington stock rises: Market Minute US equities (^GSPC, ^IXIC, ^DJI) are slipping as investors weigh the ongoing trade war uncertainty amid tariff exemptions. Despite a weaker-than-expected full-year forecast, shares of Burlington Stores (BURL) are rising. Yahoo Finance's Julie Hyman highlights that Burlington's CEO Michael O'Sullivan is cautious about 2025, though analysts feared worse projections after a weak outlook from Ross Stores (ROST). Additionally, Teladoc Health (TDOC) signed an agreement with Eli Lilly’s (LLY) LillyDirect pharmacy partner, Gifthealth, to help streamline access to the weight-loss drug Zepbound. Another stock on the move is Kroger’s (KR). Its full-year forecast was mixed, though fourth quarter earnings topped estimates. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. This post was written by Josh Lynch A strong jobs report 'probably not enough' to stabilize markets As investors await the key February payrolls report from the Bureau of Labor Statistics on Friday, concern grows over potential surprises that could impact market stability. Citi head of US equity trading strategy Stuart Kaiser joins Catalysts hosts Madison Mills and Seana Smith to discuss these risks and the potential for a market reaction. "We do see [the report] as a pretty significant risk to the markets; options are pricing it that way," Kaiser says. "It's priced as the biggest payrolls event since March of 2023, so basically the biggest payrolls print in about two years." Kaiser notes that a weak jobs report could lead to a sharp market decline. "A good jobs print helps, but it's probably not enough to sort things out," he emphasizes. "If you got a weak print, let's say, below 125,000 jobs ... if the unemployment rate rose, I think you would have a pretty big pullback in US equities in response to that." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch What does Nvidia stock chart say as sell-off continues? Nvidia's stock chart isn't truly a disaster, says Evercore analyst. Corporate America isn't talking about anything but tariffs right now President Trump's tariffs have grabbed hold of the stock market's direction, company earnings calls, and economic data releases. Crypto world hopes a Trump summit Friday will deliver more of what it wants from Washington The crypto world is hoping a White House summit on Friday will take it one step closer to getting what it wants from a GOP-led Washington. Broadcom (AVGO) Q1 2025 Earnings Call Transcript AVGO earnings call for the period ending December 31, 2024. Trump Creates Strategic Bitcoin Reserve. Why Bitcoin And Strategy Are Falling. President Donald Trump signed an executive order Thursday, establishing a Bitcoin Strategic Reserve with seized coins. The bitcoin price fell. Tesla’s Fortunes Fall as Musk Rises in Trump World The CEO’s politics have eroded the brand’s appeal among some buyers of electric vehicles, surveys indicate. “I used to idolize the guy,” said one Tesla driver who wants to get out of his lease. BJ’s Wholesale's bold plans could have a major ripple effect Here’s what could be next for the wholesale chain. Auto ETFs Skid Despite Trump Tariff Exemption Auto ETFs holding Ford, General Motors fell despite Trump's Mexican tariff exemptions affecting automakers. Toronto Stock Exchange to Celebrate Anniversary of World's First ETF Canada celebrates the world's first ETF, the Toronto 35 Index Participation Units (TIPs), as its ETF market hits record assets under management. Walgreens Will Go Private in $10 Billion Deal With Sycamore (Bloomberg) -- Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, turning one of the oldest, most recognizable US drugstore chains into a private company.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NJ College to Merge With State School After Financial StressHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling t Broadcom Earnings and AI Strength Should Win Over a Tougher Crowd Revenue from the company’s custom AI chips is soaring, with more potential customers in the pipeline. Performance Overview Trailing total returns as of 3/6/2025, which may include dividends or other distributions. Benchmark is IBOVESPA Return RECV3.SA IBOVESPA YTD -4.75% +2.56% 1-Year -16.50% -4.29% 3-Year -11.15% +7.76%