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Finance News — Page 124
S&P 500 Hits Record Close on Weak Jobs Report
The S&P 500 closed at a record high on Friday, August 7, 2026, capping its strongest week since April, with a weak jobs report cited as the catalyst for the rally.
Trump Imposes 15% Polysilicon Tariff; Solar Stocks Surge
U.S. solar stocks surged in premarket trading after President Trump imposed a 15% tariff on polysilicon products and set minimum prices on related imports, moves designed to shield domestic solar supp
Wintermute Wins SEC Broker-Dealer Approval for US Stocks, ETFs
Crypto market maker Wintermute has secured SEC and FINRA broker-dealer registration for its U.S. arm, giving the New York-based firm a regulated pathway to trade equities, options, ETF blocks, and dig
OpenAI's $300+ Doughnut Smart Speaker Coming 2027
OpenAI's first hardware device — a hockey puck-sized, doughnut-shaped smart speaker with kinetic 'personality' — will reportedly cost $300+ and ship in 2027, according to Bloomberg's Mark Gurman.
2011 Bitcoin Wallet Moves $3.2M Toward FalconX Address
A bitcoin wallet dormant since July 2011 transferred 49.97 BTC (~$3.2M) on Thursday to a SegWit address previously used to deposit funds at institutional brokerage FalconX, with the coins still sittin
US likely added nearly 100,000 jobs in July, but market is still tough for young and unemployed - AP News
The July US jobs report, due Friday, is expected to show roughly 100,000 jobs added — a hiring pickup that masks a still-tough market for the young and unemployed, with wages stuck in place.
Five Software Stocks Rise; Futures Mixed Before Jobs Report
U.S. stock futures were mixed in pre-market trading ahead of the July jobs report, with chip and software stocks rising while JPMorgan warned a strong nonfarm payrolls print could spark a selloff.
Asia Mixed, Oil Up as Traders Await US July Jobs Data
Global markets traded in tight ranges Friday as investors awaited the U.S. July payrolls report, with futures pricing near coin-flip odds of a Fed rate hike next month and oil climbing on fresh Middle
Japan June household spending falls on weather, Iran conflict clouds outlook
Japanese household spending unexpectedly fell for a seventh straight month in June, with analysts warning the Iran conflict could keep private consumption subdued despite a sixth consecutive month of
Buy SK Hynix, Sell Micron: Trade the Memory Gap
Seeking Alpha analyst The Alpha Analyst recommends a pair trade — long SK Hynix, short Micron — to capture the valuation gap between the two memory chipmakers, betting SK Hynix's roughly half-multiple
As Alphabet burns through cash on AI, it’s turning back to the bond market
Alphabet is tapping the bond market with a 10-tranche investment-grade debt offering that has already attracted demand more than four times its targeted $25 billion size, as heavy AI spending forces t
TTD Stock Crashes 26% On Q2 Miss, Weak Guidance
Trade Desk's stock cratered more than 26% in after-hours trading after the ad-tech firm posted a Q2 revenue and earnings miss and issued Q3 guidance far below Wall Street forecasts.
Gold Breaks Higher After Months as Dead Money
Gold prices are breaking higher after months of decline, recovering from a January record above $5,600 that was followed by a sharp pullback as investors rotated into semiconductor and AI-related stoc
Trump-Warsh Closeness Risks Fed Credibility
President Trump has shifted from hostility toward the Federal Reserve to treating Chairman Kevin Warsh as a quasi-Cabinet ally, speaking repeatedly with him since his May 22 swearing-in — a closeness
Engineering giant WSP reports revenue growth, defying investor angst around AI
WSP Global's quarterly revenue rose 23% to $4.3B, beating analyst expectations and pushing shares up 5% as the company countered investor fears that AI would erode engineering consultancy profits.
Gold Breaks $4,200 on Collapsing Policy Confidence
MarketGauge's Michele Schneider says gold's surge past $4,200 reflects more than inflation or monetary policy — it's a vote of no confidence in policymakers, with Japan's yen intervention as the catal
XRP Whales Accumulate as Crypto Bear Market Nears End
CryptoQuant reports whales are quietly accumulating XRP, Bitcoin, and Ethereum at prices near or below their average purchase cost, a setup the firm says is consistent with the final phase of the cryp
Sandisk Outlook Pulls Memory Stocks Lower
Sandisk's better-than-expected fiscal first-quarter outlook still sent the memory-chip sector tumbling, as Western Digital dropped double digits and major players across the U.S. and South Korea fell
Sandisk Weak Guidance Triggers Chip Selloff
Sandisk's disappointing revenue guidance triggered a broad selloff across AI and memory chip stocks on Thursday, dragging down Western Digital, SK Hynix, Samsung, Micron, and Seagate despite the compa
Sandisk, Western Digital Drop 9-15%, Drag Chip Sector
Shares of Sandisk and Western Digital tumbled in premarket trading after both data-storage companies beat earnings estimates but failed to meet Wall Street's elevated expectations, dragging the broade
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