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Oil Tops $100 as Trump Extends Iran Ceasefire
Wall Street hit record highs as Trump extended the Iran ceasefire, but oil surged past $100 after Iran seized two ships in the Strait of Hormuz just hours after the truce was renewed.
S&P 500 Hits Amid Iran Hormuz Blockade, AI Chip Rally
Amid Iran’s blockade of the Strait of Hormuz and Trump’s aggressive rhetoric, the S&P 500 surged to fresh record highs, buoyed by a rally in AI‑focused chip makers while software names lagged on earni
Trump backs crypto bill at Mar‑a‑Lago, Tyson, Tether
At a private Mar‑a‑Lago gathering, Donald Trump rallied crypto investors, including Tether’s CEO and Mike Tyson, to push the stalled Clarity Act and warn banks against meddling. The event, which also
BlackRock’s bitcoin ETF just hit a massive milestone that proves crypto is now a mainstream bet
BlackRock’s iShares Bitcoin Trust (IBIT) options have now eclipsed the offshore Deribit market, with $27.6 billion in open interest versus $26.9 billion. The surge, tracked by Volmex and highlighted b
Bitcoin at $40,000 would be 'near-unprecedented' statistical outcome, analyst says
After Iran’s shutdown of the Strait of Hormuz pushed Bitcoin down to $76,000, the coin now trades near $78,000, still within a historically normal correction range. Analyst James Check warns that a pl
CBDT Lets Stock Gains Be Treated as Business Income
India’s tax rules let investors classifying stock‑market profits as business income instead of capital gains, provided they meet criteria like frequent trading and consistent treatment. The CBDT’s Cir
Berkshire Shares Slip 1% as S&P 500 Hits Record
Berkshire Hathaway’s stock slipped about 1% this week while the S&P 500 posted a fresh all‑time high, widening the benchmark outperformance to 11.3 points. Analysts see the 8% discount, renewed buybac
Nvidia stock closes at record, pushing market cap past $5 trillion
Nvidia’s stock surged to a record $208.27, pushing its market cap over $5 trillion as AI‑chip demand spikes. The rally, sparked by Intel’s earnings, fuels the rollout of Anthropic’s Opus 4.7 and OpenA
Stock-Market Today: Nasdaq Opens Higher; Intel, TSCM in Focus — Live Updates - WSJ
Intel’s blockbuster earnings sent its shares soaring 23%, propelling both the Nasdaq and S&P 500 to fresh record closes. The rally, amplified by AI optimism and a tentative thaw in U.S.-Iran negotiati
Banker Offers $4.8M Home for Anthropic Shares
Tech banker Storm Duncan is offering his $4.8 million Mill Valley, California estate as a barter trade for shares in Anthropic, whose secondary-market valuation has surged to $1 trillion.
Bitcoin is on track for its best month in a year. $5 billion USDT growth fuels the rebound
Bitcoin surged 13.6% in April, on track for its strongest month in a year as Tether’s USDT supply swelled to $150 billion, injecting fresh liquidity. Meanwhile, equities like the S&P 500 reclaimed rec
Intel Shares Surge 23% After Earnings, Near Record
Intel's shares vaulted 23% after its earnings beat, marking the best day on the market since 1987. The surge, highlighted by Barron's, CNBC and MarketWatch, reflects a turnaround driven by soaring AI‑
AMD’s stock is red-hot — and just hit a major milestone
AMD’s shares surged 14% on Friday, lifting its market value to $567 billion and placing the chipmaker among the elite $500 billion‑valued firms. The jump, echoed by MarketWatch, marks the fastest clim
X‑Energy IPO Raises $1.02B, Shares Up 27%
X‑Energy’s IPO was dramatically oversubscribed, pricing at $23 per share and raising $1.02 billion, with the stock opening at $30.11, 27 % above the IPO price, reflecting strong Wall Street demand for
DOJ Drops Criminal Probe of Fed Chair Powell
The Department of Justice dropped its criminal investigation into Federal Reserve Chair Jerome Powell, ending an unprecedented probe that had blocked the confirmation of President Trump's nominee to l
Nuclear reactor company X-energy shares surge 26% as AI drives interest in its IPO
Amid a seven‑week war and oil supply disruptions, X‑Energy’s IPO taps the AI‑driven surge in nuclear interest, raising over $1 billion and sending its shares up 26%. The company’s 80‑MW Xe‑100 reactor
Bank of Canada to hold interest rates this year, show patience with energy inflation: poll
A Reuters poll shows the Bank of Canada will keep its overnight rate at 2.25% for the rest of 2024, despite soaring energy prices tied to Middle‑East turmoil. Most economists back a patient stance, ci
SpaceX's $75 billion IPO could drain the liquidity that's helping lift bitcoin and crypto
SpaceX’s June IPO aims to raise $75 billion at a $1.75 trillion valuation, joining OpenAI’s Q4 listing and Anthropic’s October debut that together will pull in over $240 billion of risk‑on capital. Th
Musk Borrowed $500M from SpaceX at Below-Market Rates
Elon Musk borrowed $500 million from SpaceX through three below-market loans between 2018 and 2020, repaying them by end of 2021, according to internal documents obtained by the New York Times. The ro
Trump Says No Rush to End War, CA Jet Fuel Shortage
Global equities slipped as investors digested Trump's declaration that he isn’t hurrying to end the Middle‑East conflict, while a jet‑fuel shortage in California added pressure on airlines. European m
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