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Finance News — Page 121
23K July jobs lost; Bessent's yen note triggers intervention
America's labor market broke the wrong way in July: 23,000 jobs lost against an 80,000 gain expected, with May and June sliced down a combined 103,000. September Fed hike odds cratered from 57% to 43.
Elevator giant Otis wants to be a defensive play in a volatile market. It has to prove itself first
Otis, the world's largest elevator company, is pitching itself as a defensive stock in a volatile market, but a service-business stumble and roughly 15% year-to-date stock decline leave it needing to
Thune Files Cloture on CLARITY Act, Sets September Senate Vote
Senate Majority Leader Thune filed cloture on the CLARITY Act, setting up a September vote to advance landmark crypto legislation stalled over ethics provisions targeting President Trump's digital-ass
FIFA Scraps World Cup Stake Sale to Tech Investors
FIFA abandoned its plan to sell a minority stake in the World Cup to a tech-investor consortium led by Thrive Eternal after fierce opposition and calls for president Gianni Infantino to resign, exposi
Nansen founder: Bitcoin will never fall below $60K
Nansen founder Alex Svanevik declared Bitcoin will never revisit sub-$60,000 territory, citing its role as a hedge against central bank money creation, while veteran investor Michael Terpin countered
Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard
Berkshire Hathaway posted a 16% jump in Q2 operating earnings as new CEO Greg Abel accelerated share buybacks and reversed 14 straight quarters of net stock selling, finally putting Warren Buffett's r
For retirees, staying in the stock market is critical. How much exposure is the make-or-break question
Retirees should maintain significant stock market exposure to combat inflation and longevity risk, with advisors now recommending 40% to 80% equity allocation instead of the traditional conservative a
S&P 500 options volume shatters records in 3.6% weekly rally
The S&P 500 surged to new all-time highs this week with record-shattering options trading volumes, as the VIX dropped to its lowest level since January and semiconductor stocks led a broad rally.
US Treasury Joins Yen Rescue With Unusual Euro-Swap Move
US Treasury Secretary Scott Bessent coordinated with the Bank of Japan to halt the yen's slide, deploying euro reserves rather than dollars to avoid deepening pressure on US bond markets.
A $110 million question: How safe are crypto wallets, and what’s the best way to store Bitcoin?
A software flaw in Canada-based Coinkite's Coldcard hardware wallets led to the theft of over 1,755 Bitcoin worth roughly $110 million, reopening debate over how Bitcoin holders should actually store
Weak Jobs Report Clouds Economy as Midterms Loom
A surprise weak U.S. jobs report has clouded the economic outlook ahead of Trump's midterm push, with employer hiring reversing and markets paradoxically rallying on the news.
AA-BB-CC: a six-digit portfolio strategy framework
FundsIndia CEO Akshay Sapru outlines the six-digit AA-BB-CC framework, which turns a portfolio number into a strategy identifier covering asset allocation, a pre-planned bubble response, and a crisis
Exclusive | Situational Awareness Bets $400 Million on Stealth Chip Startup After Crash - WSJ
Situational Awareness, an AI hedge fund that suffered a high-profile meltdown, placed a $400 million bet on stealth chip startup Source Foundry, drawing withering criticism that its investors got what
Donald Trump’s media company to terminate Crypto.com deal
Trump Media and Technology Group is scrapping its $6.4 billion CRO token deal with Crypto.com and dropping plans to integrate prediction markets onto Truth Social, opting instead to pursue a merger wi
Investors Swarm Situational Awareness After Near-Collapse
Just one week after his AI-focused hedge fund nearly collapsed, Leopold Aschenbrenner is fielding fresh investor demand — but his fund is turning new money away for now.
Markets Rally on Surprise U.S. Job Losses, Airbnb Soars and Trade Desk Tanks | Markets P.M. for Aug. 7 - WSJ
U.S. employers unexpectedly shed 23,000 jobs in July in a sharp labor-market reversal, sending equity markets higher in a split session where Airbnb rallied and Trade Desk tumbled.
SpaceX's big week: Stock jumps despite earnings storm, lock-up expiration in crucial test for investors - Yahoo Finance
SpaceX shares held steady after roughly $100 billion in insider-held shares became tradable upon lockup expiration — a moment Yahoo Finance called a 'crucial test for investors' amid an 'earnings stor
AI Trade Rebounds as Microsoft, Amazon Earnings Validate Capex
The forced unwind of the Situational Awareness hedge fund cleared leveraged speculators from AI stocks, but blowout earnings from Microsoft, Amazon and others showed the AI infrastructure trade is now
Fed September Rate Hike Doubted After July Jobs Loss
The Federal Reserve's expected September interest rate hike is now in serious doubt after the U.S. economy unexpectedly shed 23,000 jobs in July, prompting economists to reverse course on their rate e
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S&P 500 Posts Biggest Earnings Beat Ever
S&P 500 earnings season is delivering its strongest results on record, with 86% of reporting firms beating EPS estimates and the index logging its biggest aggregate earnings beat ever — even excluding
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