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Stock market, bitcoin, oil prices and economic news — daily finance summary
CryptoQuant: Bitcoin Rally Driven by Futures, Not Spot
CryptoQuant says April’s 20% Bitcoin rally to $79 k was powered by a surge in perpetual futures while spot buying stayed negative, a pattern that echoed the 2022 bear market. As the price slides to ar
Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq
Intel’s shares exploded 114% in April, delivering the chipmaker’s best month in 55 years and propelling Nasdaq’s longest winning streak since 1992. The rally, fueled by a surge in AI‑driven CPU demand
Powell Stays as Fed Governor to Shield Independence
As his chairmanship ends, Jerome H. Powell will stay on the Federal Reserve board to safeguard the central bank’s independence amid a Trump administration reeling from a judicial rebuke. Axios notes t
Ark Invest Buys $39.7M in Robinhood After Crypto-Driven Earnings Miss
Robinhood's stock has fallen nearly 12% since a Q1 earnings miss driven by weak crypto trading, but major investors and several Wall Street analysts are calling the drop a buying opportunity as April
Jack Selby warns Middle East AI funding pullback
Tech investor Jack Selby warned on CNBC that Middle East sovereign wealth funds—accounting for about a quarter of AI capital—could retreat amid the Iran conflict, jeopardizing hundreds of billions in
S&P 500 heads for its best month since 2020 — plus, Apple earnings on deck
The S&P 500 surged past 7,200, posting its strongest monthly gain since 2020, while the Nasdaq climbed over 15% in April, extending its longest winning streak since 1992. A dip in oil and Treasury yie
S&P 500, Nasdaq April Gains as Earnings Beat Oil Shock
U.S. equities surged in April, with the S&P 500 and Nasdaq posting their strongest monthly gains since 2020 as solid earnings and easing oil prices outweighed geopolitical risk and a steady‑rate Fed.
AI boom: Big Tech capital expenditures now seen topping $1 trillion in 2027
Wall Street analysts now see AI‑related capital spending by the hyperscalers topping $1 trillion by 2027, with Alphabet, Amazon, Meta and Microsoft each boosting their budgets. The surge—driven by soa
Zuckerberg: Memory Pricing Drives Meta's $10B Capex Hike
Meta Platforms raised its full-year capital expenditure forecast by $10 billion, with CEO Mark Zuckerberg attributing most of the increase to rising component costs—especially memory pricing—signaling
Polymarket adds Chainalysis for real‑time oversight
Polymarket has partnered with Chainalysis to monitor real‑time on‑chain trading activity and combat insider trading, aiming to bring Wall Street‑level oversight to its crypto prediction market and boo
Oil prices whipsaw while US stocks glide near their record heights - AP News
US equities edged higher, with the S&P 500 perched above 7,100 and the Nasdaq riding its longest winning streak since 1992, buoyed by strong earnings from Alphabet and Amazon. Meanwhile, oil prices sw
Bitcoin Falls to $76k as Fed Holds Rates AI Cloud Gains
Bitcoin slipped to $76k after the Fed’s final policy meeting kept rates steady and investors weighed Iran‑related supply shocks, while AI‑driven cloud earnings lifted Google, Amazon and Microsoft; Met
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Caterpillar Lifts Dow 790 Points as Tech Earnings Split Markets
U.S. stocks closed sharply higher on the final trading day of April, with the Dow jumping 790 points on a 10% surge in Caterpillar, while mixed Big Tech earnings pushed the Nasdaq up a more modest 0.9
PCE Inflation Surges to 3.5% as Iran War Lifts Gas Prices
The Fed's preferred PCE inflation gauge jumped 0.7% in March — the biggest monthly gain since mid-2022 — pushing the annual rate to 3.5%, its highest in nearly three years, as the Iran war sent gas pr
U.S. Debt Tops 100% of GDP - WSJ
U.S. national debt has surged past the 100%‑of‑GDP mark, hitting roughly $39 trillion — a level not seen since World War II. Major outlets including the WSJ, Fortune, The Hill and Fox Business all con
U.S. economy grew 2% from January to March, recovering from federal shutdown
The Commerce Department reported U.S. GDP rose 2% in Q1, a rebound from the previous quarter’s modest gain, while the Federal Reserve left rates steady amid rising uncertainty from Iran’s blockade of
ECB Holds Rates at 2% Amid Rising Inflation
The European Central Bank left its policy rate unchanged at 2% even as inflation accelerates, a stance echoed by the Financial Times and Bloomberg. At the same time, Christine Lagarde and Jerome Powel
Eli Lilly Q1 profit doubles as weight‑loss sales surge
Eli Lilly’s first‑quarter profit more than doubled, driven by a surge in weight‑loss drug sales including Mounjaro and Zepbound, leading the company to lift its 2026 earnings guidance and boost its sh
Polymarket Military Bets Win 51.8% – Insider Edge
While geopolitical shocks—like Iran’s closure of the Strait of Hormuz—keep markets on edge, a new study reveals that Polymarket’s military and defense contracts are being dominated by a tiny insider e
Anthropic's Mythos Preview Sparks Corporate War Rooms
Anthropic’s limited Mythos Preview, a powerful AI model capable of exposing software flaws, has spurred a wave of patching across major tech firms and Canadian enterprises. Corporate war rooms are mob
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