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Finance News — Page 122

FTX claims broker courts Coinkite hack victims for lawsuit

FTX claims broker courts Coinkite hack victims for lawsuit

117 Partners, the firm that brokered nearly $1 billion in FTX bankruptcy claims, is organizing victims of a $155-million exploit of Coinkite's Coldcard bitcoin wallets for potential litigation against

Globe and Mail Business · 2mo ago
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S&P 500 Hits Record on Weak July Jobs Report

Wall Street's three major indexes climbed to records on Friday after a surprisingly weak July jobs report (-23,000 vs +80,000 expected) sent September Fed rate-hike odds tumbling from 55% to 20%.

Google News Business · 2mo ago
Prediction markets take center stage in latest round of quarterly earnings reports

Prediction markets take center stage in latest round of quarterly earnings reports

Prediction markets dominated Q2 earnings calls as DraftKings reported annualized volume quintupling to $11 billion, FanDuel announced a switch from CME to Crypto.com, and Coinbase and Robinhood posted

CNBC · 2mo ago
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Senate Delays Clarity Act Vote

The Senate delayed a vote on the Clarity Act, a digital asset market structure bill, setting back the crypto industry's top legislative priority.

Google News Business · 2mo ago
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SpaceX Surges 10%, Snaps 4-Week Losing Streak

SpaceX stock jumped 10% Friday to snap a brutal four-week losing streak after the company posted better-than-expected second-quarter earnings, giving battered retail investors their first reprieve sin

Google News Business · 2mo ago
Trump Media Scraps CRO Treasury Deal With Crypto.com

Trump Media Scraps CRO Treasury Deal With Crypto.com

Trump Media & Technology Group has terminated its Crypto.com-backed CRO treasury venture and broader digital asset deal, citing crowded markets and shifting priorities.

Decrypt · 2mo ago
US stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes that rate hikes can wait - AP News

US stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes that rate hikes can wait - AP News

U.S. employers unexpectedly shed 23,000 jobs in July, triggering a stock market rally on hopes the Federal Reserve will hold off on further rate hikes.

Google News Business · 2mo ago
‘SaaSpocalypse’ debate intensifies as software stocks swing wildly

‘SaaSpocalypse’ debate intensifies as software stocks swing wildly

Software stocks swung wildly this week as AI-disruption fears drove a selloff — capped by Airtable's fire-sale buyout and HubSpot's worst day in a decade — before Atlassian's 35% surge revived the tra

CNBC · 2mo ago
Trump-Backed American Bitcoin director Justin Mateen buys nearly $2 million of ABTC stock

Trump-Backed American Bitcoin director Justin Mateen buys nearly $2 million of ABTC stock

Justin Mateen, a Tinder co-founder and director at Trump-backed bitcoin miner American Bitcoin, bought roughly $1.93 million of ABTC stock across two trading sessions immediately after the company pos

CoinDesk · 2mo ago
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Fed Holds Rates Steady Amid Deepening Split on Hikes

The Federal Reserve held interest rates steady, with coverage highlighting a deepening split among officials on the rate path and a split reaction in precious metals.

Google News Business · 2mo ago
U.S. Cuts 23,000 Jobs; Stocks Rally

U.S. Cuts 23,000 Jobs; Stocks Rally

U.S. employers unexpectedly shed 23,000 jobs, sending stocks higher as investors bet the weak labor data clears the way for the Federal Reserve to ease monetary policy.

Google News Business · 2mo ago
Canada Asking Rents Fall 4% in July as Market Stabilizes

Canada Asking Rents Fall 4% in July as Market Stabilizes

Canada's national average asking rent fell 4% year-over-year in July to $2,037, marking a 22nd consecutive month of annual declines — but rents rose for a fourth straight month compared with June, hin

Globe and Mail Business · 2mo ago
Here are three key takeaways from the disappointing July jobs report

Here are three key takeaways from the disappointing July jobs report

The July U.S. jobs report delivered contradictory signals—nonfarm payrolls unexpectedly fell 23,000 while unemployment dropped to 4.1%—leaving investors divided over whether the Federal Reserve will h

CNBC · 2mo ago
Trump's Iran Deal Tease Pumps Stocks, No Deal Comes

Trump's Iran Deal Tease Pumps Stocks, No Deal Comes

Treasury Secretary Scott Bessent told CNBC a U.S.-Iran deal to reopen the Strait of Hormuz could come within hours, sending oil prices tumbling and stocks to record closes — only for Tehran to deny di

CNBC · 2mo ago
A huge day and week for Corning as the S&P 500 approaches another record high

A huge day and week for Corning as the S&P 500 approaches another record high

Corning led portfolio gains with an ~18% weekly rally after the Trump Administration imposed a 15% tariff on imported polysilicon and AI infrastructure stocks continued their rebound, even as a weak J

CNBC · 2mo ago
Airbnb stock surges 15% as Chesky pledges more AI spend

Airbnb stock surges 15% as Chesky pledges more AI spend

Airbnb shares jumped 15% after a strong quarterly beat and raised outlook, with CEO Brian Chesky crediting AI for sharper productivity and pledging to spend 'a lot more' on AI tokens this year.

CNBC · 2mo ago
Sandisk Coverage Splits: Downside Warning vs. Upgrade

Sandisk Coverage Splits: Downside Warning vs. Upgrade

Coverage of Sandisk (NASDAQ:SNDK) is sharply divided across outlets, with one Seeking Alpha piece urging investors to "watch the downside" while another issues an upgrade saying the stock "won't be th

Google News Business · 2mo ago
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US Economy Lost 23,000 Jobs in July, Far Short of Forecasts

The US economy shed 23,000 jobs in July 2026, far below the 80,000 gain economists had forecast, while the unemployment rate dropped to 4.1% as over 260,000 workers exited the labor force entirely.

Google News Business · 2mo ago
U.S. Lost 23,000 Jobs in July, Fed Hike Odds Drop

U.S. Lost 23,000 Jobs in July, Fed Hike Odds Drop

The U.S. unexpectedly shed 23,000 jobs in July — far below the 80,000 gain economists forecast — prompting traders to trim September Fed rate hike odds from 55% to 46% even as one prominent economist

CoinDesk · 2mo ago
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UBS Sees Gold Hitting $5,000 by Mid-2027

UBS projects gold will climb toward $5,000 an ounce by the first half of 2027, citing Chinese investor buying, ETF inflows, and expected Fed rate cuts that would weaken the dollar and lower real yield

Google News Business · 2mo ago

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