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Finance News — Page 118
Nike earnings, revenue top estimates even as China sales drop 12%
Nike topped Wall Street's Q4 earnings and revenue estimates, but the gross margin surge owed most of its lift to a $986 million tariff refund that analysts had excluded from forecasts, while China sal
OUSD Stablecoin Launch Sends Circle Stock Down 16%
A coalition of major financial companies is launching a new US dollar stablecoin called OUSD, positioning it to challenge Tether and Circle — and Circle's stock dropped more than 16% on the news.
Canadian economy snaps back from winter lull
Canada's economy expanded 0.5% in April with a preliminary 0.1% May gain, putting Q2 on track for annualized growth above 2% and largely dismissing talk of a 'technical recession' after two consecutiv
Hammack: AI Demand Could Force Rate Hikes
Cleveland Fed President Beth Hammack warned that 'insatiable' AI infrastructure demand could keep inflation elevated and force higher interest rates — a hawkish stance that directly contradicts new Fe
SCOTUS Saves Cook 5-4, Punts on Fed Firing Standard
The Supreme Court ruled 5-4 to keep Lisa Cook on the Federal Reserve Board, rejecting both Trump's and Cook's competing definitions of 'cause' for removing a Fed governor — leaving the central questio
Nike Beats Estimates as China Drag Persists
Nike posted quarterly results that surpassed both earnings and revenue expectations, though persistent weakness in China kept weighing on overall sales, highlighting the region's outsized drag on the
Nasdaq Puts TotalView on Pyth Blockchain
Nasdaq will publish its TotalView depth-of-book equity market data on the Pyth Network's Data Marketplace, giving developers and institutional users programmatic access to one of its core data product
Theo becomes first crypto-native investor in Fidelity tokenized fund
Tokenized US Treasury products more than doubled to roughly $14.6B in distributed value over the past year, making them the dominant slice of the tokenized real-world asset market as traditional finan
Bitcoin Long-Term Holders Restart Buying, Supply Up 14%
Swan Bitcoin CEO Cory Klippsten says record long-term Bitcoin holder supply of 16.65 million BTC — up 14% since late November — signals an early bottom, even as CLARITY Act uncertainty and potential T
Canada’s GDP rebounds from first-quarter contraction to post 0.5% monthly gain in April
Canada's economy rebounded with 0.5% real GDP growth in April 2026 — the strongest monthly print since July 2025 — driven by broad-based gains across industries and surging oil activity tied to the Ir
AeroVironment Surges 30% as Revenue Doubles, Backlog
AeroVironment shares surged roughly 28–30% after the drone maker reported fourth-quarter revenue that more than doubled and an order backlog that climbed to $1.2 billion.
Wells Fargo Lifts S&P Target to 7,950, Calls Summer Rally
Wells Fargo strategists led by Ohsung Kwon issued a bullish summer stock market call, citing favorable July seasonality, delayed AI megacap IPOs, tariff refund-boosted earnings, and $20 billion in Tru
Alphabet joins Dow, SpaceX enters Nasdaq 100
Alphabet officially replaced Verizon in the Dow Jones Industrial Average effective June 29, while SpaceX prepares to enter the Nasdaq 100 from July 7 following its $85.7 billion public market debut, p
Bitcoin nears 2024 lows as options traders pay up for downside protection
Bitcoin fell below $60,000 and ether is testing multiyear support levels as options traders pay double-digit premiums for downside protection even though implied volatility gauges remain subdued.
PLL Lands Record $100M Round with Glen Powell, Rob Mac
The Premier Lacrosse League closed a record $100 million Series E led by Ares and Joe Tsai, with actors Glen Powell and Rob Mac joining as celebrity investors ahead of lacrosse's 2028 Olympics debut.
Nasdaq Jumps 2% as US-Iran Attacks Ease
The Nasdaq jumped 2% on June 29, 2026, snapping its losing streak as easing US-Iran tensions and a tech rally lifted Wall Street.
Semis Hit Record 19.7% of S&P 500 as AI Lifts Quarter
Semiconductor stocks capped their best quarter on record with sharp volatility even as their share of the S&P 500 climbed to an all-time-high 19.7% on AI-driven buying in the first half of 2026.
Quant Funds Shed 3.1% in Five Sessions as Momentum Crashes
Systematic quant funds absorbed a 3.1% drawdown over five sessions through late June 2026 — their worst stretch since December 2023 — as forced unwinds of crowded momentum trades pummeled performance
Nasdaq Jumps 2%, Breaks Losing Streak as Tech Rebounds
US stocks rallied on June 29, 2026, with the Nasdaq jumping 2% to snap its losing streak as tech rebounded and US-Iran tensions eased.
Nasdaq Jumps 2%, Breaks Losing Streak After Dow Record
Stock futures edged higher and the Nasdaq jumped 2% to break its losing streak after the Dow posted a fresh closing record, with quarter-end positioning and Nike's upcoming results also in focus.
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