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Nasdaq futures fall as tech-sell off poised to continue Friday: Live updates - CNBC
Nasdaq futures signaled more pain as a tech selloff looked set to continue, but the Dow, S&P 500, and Nasdaq ultimately rebounded after the rout.
Tumbling AI stocks signal another day of turmoil for tech companies
Apple dropped 6% and SoftBank plunged more than 12% on Friday as rising AI infrastructure costs hammered chip and tech stocks across the U.S., Europe, and Asia.
Apple Raises Mac, iPad Prices 15-25% on Memory Costs
Apple raised prices on Mac, iPad, and most other product lines by 15-25%, citing an unprecedented surge in memory chip costs driven by AI industry demand, while leaving iPhones unchanged.
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
Two top Federal Reserve officials struck cautiously optimistic tones on inflation, with New York's John Williams projecting a return to the 2% target by 2028, even as May's core PCE reading climbed to
Bitcoin bounces off new 2026 price lows: Will US stock weakness push BTC lower?
Bitcoin plunged 9% in three days to its lowest level since September 2024, liquidating over $1 billion in bullish leveraged positions as spot ETF outflows, a put-heavy options expiry, and surging AI-l
Micron Soars 16%, Sandisk 21% as Memory Stocks Rally
Micron's blowout quarterly results sent memory and storage stocks sharply higher Thursday, with Sandisk jumping 21% and Micron itself gaining nearly 16%, while Nvidia slipped after rival Qualcomm fore
Bitcoin options traders hedge downside as Strategy
Bitcoin options traders are hedging near-term downside rather than positioning for a clear directional move, according to Anchorage Digital, even as Strategy's preferred and common shares trade well b
Bitcoin drop to $58K brings out bears: Is BTC’s next stop below $50K?
Bitcoin's 4.8% Thursday drop to ~$58,000 triggered a rounded top and bear flag breakdown that both project a measured downside near $54,000, a target independently confirmed by on-chain MVRV pricing b
Bond ETF flows surge in hunt for yield: 'Market sniffing out something here,' says BlackRock exec
U.S. bond ETF flows are up 60% year-over-year as investors hunt for yield amid a new Fed chair and falling breakeven inflation rates that BlackRock says suggest the market 'is sniffing out something.'
Traders Predict More Pain for Bitcoin and Ethereum After Monthly Drops Above 20%
Prediction market traders on Myriad are pricing in steep further declines for Bitcoin and Ethereum, giving 77% odds BTC drops to $55,000 and 88% odds ETH falls to $1,500 before any rebound.
Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation'
Bitcoin plunged to a 21-month low near $58,000 after May's US PCE inflation print hit a three-year high of 4.1%, triggering $600 million in hourly crypto liquidations and sharp equity-market volatilit
US May PCE inflation rises 4.1%, keeping Fed hike in play - Reuters
The Federal Reserve's preferred inflation gauge, the PCE price index, rose 4.1% year-over-year in May, with core inflation climbing to 3.4% — its highest since October 2023 — keeping additional Fed ra
First-quarter GDP gets big boost, but it’s not really great news
The U.S. economy grew at a 2.1% annual rate in Q1, an upward revision from 1.6%, though the source immediately frames the stronger print as 'not really great news.'
Musk Loses $363B, Drops Trillionaire Status
Elon Musk lost his trillionaire status after his net worth plunged roughly $363 billion in under two weeks, triggered by a 23% drop in SpaceX shares following the company's record-breaking $86 billion
MSCI Rejects South Korea Upgrade Over Won Trading
MSCI has again declined to upgrade South Korea to developed-market status, with CEO Henry Fernandez identifying restrictions on Korean won trading — available only during Seoul daytime hours — as the
SBI buys Bitbank for $289M to top Japan's crypto market
SBI is acquiring Japanese crypto exchange Bitbank for $289 million, a move that would create Japan's largest crypto exchange and extends the firm's parallel buildout of stablecoins and tokenized-asset
Uniswap, Spark aim to build stablecoin FX market as banks, fintechs enter the industry
Decentralized-finance protocol Spark is partnering with decentralized exchange Uniswap to build a shared 'FX layer' for stablecoins, seeded with a $150 million liquidity migration as banks and fintech
BlackBerry stock soars after company delivers better-than-expected results, raises targets
BlackBerry's stock surged more than 20% Thursday after the Waterloo-based software company posted fiscal Q1 results that topped its own April projections across revenue, operating earnings, and adjust
Bond Market vs. Fed: Rate Hikes That May Never Come
The US bond market is pricing in Federal Reserve rate hikes that may never materialize, even as Bank of America forecasts a full series of hikes this year to fight inflation.
Micron shares surges after blockbuster earnings: Here's what is driving the rally and how Indians can invest
Micron Technology's shares jumped 18.4% after a blockbuster earnings forecast and $22 billion in customer commitments, briefly pushing the chipmaker's market cap past Meta and near Tesla's valuation a
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