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Finance News — Page 106
Stock Market Today: S&P 500, Nasdaq eke out weekly gains, but Dow falls; oil prices and Treasury yields rise - MarketWatch
US stocks ended the week mixed — the S&P 500 and Nasdaq posted weekly gains while the Dow slipped, as rising oil prices tied to US-Iran tensions and climbing Treasury yields weighed on the session.
Broadcom Drops 6%, S&P 500 Slips on Weak Consumer Data
The S&P 500 and Dow slipped on August 14 as disappointing consumer data stalled the rally, with Broadcom falling 6%, though the S&P 500 still notched a third straight weekly gain and Reddit stock buck
Unusual Machines surges 25% on Trump drone tariffs
Drone stocks rallied Friday after President Trump imposed sweeping tariffs on imported drones and parts to boost U.S. manufacturing, with Unusual Machines jumping 25% as the White House cited national
Housing Investor Sentiment Hits All-Time Low
Single-family housing investor sentiment fell to an all-time low at the end of June, with rising financing costs, the Iran war, and limited inventory driving the most pessimistic outlook since the sur
Bitcoin Drops to $62.5K as Stocks Hit Record Highs
Bitcoin drifted toward $62,500 on Friday even as the S&P 500 and Nasdaq Composite hit record highs, with analysts flagging a critical $63,220 weekly close level and traders eyeing the August 26 PCE in
Morgan Stanley’s BlackRock Bitcoin ETF holdings rise 23% in Q2
Morgan Stanley's Q2 filing shows broad crypto exposure expansion, with its BlackRock Bitcoin ETF position rising 23%, Ethereum ETF holdings surging roughly 202%, and major new stakes in stablecoin iss
AI Pushes Up Consumer Prices, Experts Warn
Multiple outlets report that AI is pushing consumer prices higher, with experts warning the trend has no near-term end, even as the Federal Reserve currently assesses AI's economic footprint as small.
Israel’s largest bank to offer crypto trading with Galaxy
Israel's largest bank, Bank Leumi, will offer cryptocurrency trading through a partnership with Galaxy Digital starting in early 2027, becoming the first Israeli bank to provide direct digital asset t
10-Year Yield Flat at 4.645% After July Retail Sales Miss
The 10-year Treasury yield held at 4.645% on Friday as July retail sales unexpectedly fell 0.6% and U.S. officials signaled escalating economic and military pressure on Iran, including an indefinite n
Bitcoin slips as U.S. inflation fails to spark gains, ETFs see August's first two-day drawdown
Bitcoin slipped below $63,000 as spot ETFs shed $192 million over two straight days—the first back-to-back outflows since late July—while a cooler-than-expected PPI reading boosted U.S. equities but l
Canada's Prediction Markets Stoke Insider Trading Fears
Wealthsimple's launch of prediction markets in Canada — where users can wager on corporate metrics like Dollarama's comparable store sales and Shopify's gross merchandise volume — has securities lawye
Treasury Yields Flat as Traders Waffle on September Fed Hike
Treasury yields barely budged after weak retail sales data left bond traders split on whether the Fed will hike rates in September, with one outlet noting Amazon Prime Day may have distorted the sales
Gold Heads for Weekly Loss After Two-Month Peak
Gold prices pulled back from a two-month peak this week, heading for a weekly loss as profit-taking erased an inflation-driven rally that had been fueled by dollar weakness and expectations the Fed wo
Anthropic needs to bring in Amazon-style earnings to justify its $2 trillion valuation—but it’s barely turned a profit - Fortune
Anthropic faces intense pressure to generate Amazon-level revenues to justify its $2 trillion valuation, despite having barely achieved profitability, as its CFO begins early investor discussions ahea
AI-Fueled Bond Yield Surge Risks Market Divergence
Bond yields have climbed to multiyear highs — potentially driven by AI-related factors per one major outlet — even as stocks keep hitting fresh records, a split multiple outlets warn could destabilize
Gold firms on weaker dollar as inflation data cements rate hold bets - Reuters
Gold prices stabilize after recent gains as inflation data reinforces expectations the Federal Reserve will hold interest rates steady, with traders also weighing dollar weakness and geopolitical tens
House Democrats Rage Over Republican Stock Trading 'Trap'
House Democrats are fuming that the Stop Insider Trading Act vote they suspected was a Republican 'set-up' last month has now triggered a well-funded GOP ad blitz praising GOP lawmakers in swing distr
Gold Snaps Four-Day Rally as Yields Ease, Oil Drops
Gold reversed its four-session rally in afternoon trading as Treasury yields eased and oil prices fell, with broader coverage noting the metal had touched a two-month peak before momentum faded.
Blockchain Group Backs Custodia Bank's SCOTUS Bid
The Blockchain Association filed an amicus brief urging the Supreme Court to take up Custodia Bank's challenge to the Federal Reserve's denial of its master account application, arguing the ruling giv
Cisco Drops 8% Despite Earnings Beat
Cisco shares slid roughly 8% despite an earnings beat and stronger-than-expected guidance, as Wall Street focused on margin concerns in the company's outlook.
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