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Nasdaq drops 1% as chip stocks tumble and oil spikes; Dow slips below 53,000: Live updates - CNBC
US stocks fell sharply as chip stocks tumbled and oil prices spiked, dragging the Nasdaq down 1% and the Dow below 53,000, while SpaceX bucked the sell-off with bullish analyst calls.
Rivian stock falls 18% as company sells 75 million shares to raise capital
Rivian shares tumbled 18% after the EV maker announced a public offering of 75 million shares to fund equity contributions tied to its U.S. Department of Energy loan agreement.
Rivian raises $1.5B via 75M-share offering for R2 ramp
Rivian launched a 75-million-share underwritten offering worth roughly $1.5 billion to fund the R2 SUV ramp and meet equity obligations tied to its DOE loan for its Georgia plant, triggering an 11% pr
Trading surge, helped by SpaceX IPO, seen boosting U.S. bank earnings
A surge in trading and deal-making, turbocharged by SpaceX's roughly $86 billion IPO, is expected to power strong Q2 2026 earnings for the six largest U.S. banks reporting July 14-15, with market reve
SpaceX Joins Nasdaq 100: $8B Forced Buy Meets Thin Float
SpaceX joins the Nasdaq-100 just 15 trading days after its IPO began trading, forcing billions in passive index buying into a stock with a very limited tradable float.
Gold Falls 24%, Silver Crashes 47% from January Highs
After a record-breaking 2025 rally fueled by ETF buying and central bank purchases, gold and silver prices have tumbled sharply from January 2025 peaks, leaving sentiment-driven investors facing steep
Morgan Stanley Rates SpaceX Overweight, $300 Target
Morgan Stanley initiated coverage on SpaceX with an overweight rating and a $300 price target, framing the company as a play on converting energy into intelligence at scale for the next era of AI, wit
Samsung Posts 19x Profit Jump as AI Chip Demand Soars
Samsung Electronics forecast a roughly 19-fold jump in quarterly operating profits to 89.4tn won, driven by soaring demand for AI memory chips, though shares still fell as investors expected even high
Samsung 19x Profit Surge Spooks Chip Investors
Samsung Electronics posted a 19-fold quarterly profit surge driven by AI memory-chip demand, but the beat came in just 6% above analyst estimates, triggering a selloff across Asian tech stocks as inve
Live markets: Bitcoin climbs near $64,000 as AI favorites plunge on Tuesday
SpaceX's 25-day post-IPO quiet period expired Tuesday, and Wall Street launched overwhelmingly bullish analyst coverage, with price targets spanning from Goldman's $205 to Raymond James' $800 as SPCX
India fashion retailer Trent tumbles 11% as revenue growth disappoints
Shares of Indian fashion retailer Trent plunged over 11% after its first-quarter revenue growth came in at 19%, well below the 23% Citigroup had expected, prompting the bank to stay cautious on the st
Strategy’s Bitcoin sale may give BTC a ‘durable bottom,’ Grayscale says
Strategy sold $216 million in Bitcoin to cover 17 months of dividend payments, and analysts at Grayscale and Bitrue argue the move reduces forced-selling pressure and could establish a "durable bottom
Samsung Record Earnings Can't Stop KOSPI's 5% Plunge
South Korea's KOSPI dropped as much as 8.1% — triggering a market-wide circuit breaker — before paring losses to roughly 5.7%, as Samsung's record operating profit failed to ease AI valuation fears th
Trump: I'm 'Big Crypto Guy' for Politics, Not Profit
President Trump told reporters he doesn't discuss crypto with his family, even as financial disclosures show his crypto ventures earned him more than $1.4 billion last year, while crediting his 'pro-c
Dow, S&P 500, Nasdaq Futures Slip on AI Trade
Wall Street futures slid as traders weighed the AI trade, even as Nasdaq had led a tech-driven rebound earlier in the session amid easing tech jitters.
Gold Dips Below Two-Week High Ahead of Fed Minutes
Gold prices eased below a two-week high as investors awaited the Federal Reserve's June meeting minutes for insight into new Chair Kevin Warsh's policy direction, though bullion remained on track for
US Bitcoin Reserve Stalls as Treasury, Commerce Clash
The Trump administration's Strategic Bitcoin Reserve has stalled as the Commerce and Treasury departments clash over which agency should oversee the US's 328,372 BTC holdings, with Treasury's legal au
SK Hynix Targets $28B US IPO in AI Memory Boom
SK Hynix is planning a U.S. IPO with ADRs expected to price Thursday and trade Friday, potentially raising around $28 billion amid an AI-driven memory chip boom that pushed its first-quarter revenues
Solstice Buys Element Solutions for $14.5B, Stock Drops 15%
Honeywell spin-off Solstice announced a $14.5 billion acquisition of Element Solutions aimed at deepening its position in the AI supply chain, but its stock plunged 15% and the CEO was forced to publi
Here's our plan for both Honeywell stocks after a divergent first week of trading
One week after Honeywell's long-awaited breakup into two standalone companies, Aerospace shares have surged about 15% while Technologies has dropped roughly 9%, prompting the CNBC Investing Club to ou
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