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Finance News — Page 129
Cerebras Stock Plunges 20% As CEO Blames
Cerebras Systems shares fell nearly 20% after the AI chipmaker's first post-IPO earnings report, with CEO Andrew Feldman blaming a "misunderstood" margin forecast while analysts at Mizuho and Wedbush
S&P 500 Flat as Chips Slide Before Micron Earnings
The S&P 500 was little changed as semiconductor stocks sold off ahead of Micron's upcoming earnings, with oil prices tumbling and renewed AI-sector jitters dragging on the broader market.
Elon Musk loses trillionaire status as global tech rout hits SpaceX
Elon Musk lost his trillionaire status less than two weeks after becoming the first person to reach it, as a 30% SpaceX share plunge wiped $240 billion from his fortune in a single day amid a broader
SOXX Put Volume Spikes 1.5x as Chip Rally Shows Cracks
Options traders piled into puts on the iShares Semiconductor ETF (SOXX) on Tuesday, with volume running 1.5x the 20-day average, as the sector's 300% rally from 2025 lows shows signs of strain.
Bessent sees GDP growth booming again this year. Kalshi traders see little chance of that
Treasury Secretary Scott Bessent projects U.S. GDP growth can reach 3% by year-end, citing a strong underlying economy and confidence in new Fed Chair Kevin Warsh, but Kalshi prediction market traders
Micron earnings are set to send the market on a wild ride — and a new ETF may add to the volatility
A new 2x leveraged ETF targeting Micron's volatility launched the same day the $1.2 trillion chipmaker is set to report earnings, adding mechanical rebalancing flows to what traders already expect to
Tech Sell-Off Batters Chip Names on AI Worries
Tech stocks retreated on concerns over AI spending and valuations, with a global AI sell-off battering chip names while broader-market coverage split between a rebound and continued losses.
Wendy's Stock Surges 35% on WallStreetBets Meme Rally
Wendy's shares surged 35% in a single session after Reddit's WallStreetBets community urged retail investors to buy the struggling fast-food chain, reviving a classic meme-stock playbook.
Wendy's Soars 30% as Retail Traders Revive Meme Rally
Wendy's shares surged more than 42% on Wednesday in a retail-driven rally that appears disconnected from its new CFO appointment, with the NYSE briefly halting trading and Reddit traders rallying arou
Elon Musk’s SpaceX Adds Billions in Debt While Cutting Interest Costs - Bloomberg
SpaceX is tapping debt markets for $20–$25 billion less than two weeks after its $86 billion IPO, pitching investors attractive yields while reducing interest costs.
Bessent Backs Warsh's Push to Kill the Fed Dot Plot
Treasury Secretary Scott Bessent publicly backed Fed Chair Kevin Warsh's push to scrap forward guidance and the quarterly dot plot, while urging the central bank to weigh Iran-driven energy volatility
Gold, silver and bitcoin tumble as 'debasement' trade unwinds
Gold and silver are retreating sharply from 2025 highs as markets price in two Fed rate hikes under Chair Kevin Warsh, unwinding the 'debasement trade' and dragging bitcoin below $62,000 — a 50% corre
CBOE debuts prediction market with S&P 500 contracts
Cboe has launched XSP Binary Options, entering the prediction market space with S&P 500-linked security options designed to meet growing demand for short-dated, outcome-based trading among retail and
Harshad Mehta scam lessons: 5 investing mistakes retail investors still make today
More than three decades after Harshad Mehta's 1992 stock market scam, the article argues that the same human weaknesses — greed, herd mentality, and thrill-seeking — still drive retail investors into
Bitcoin clings to $62,500 as bears tighten grip on crypto market
Bitcoin teeters near $60,000 support as derivatives data across major tokens shows bears driving price action through aggressive short positioning and surging demand for downside protection on Deribit
BTC price four-year trend calls for $76K as analysis says Bitcoin 'not broken'
Analyst David Eng argues Bitcoin remains structurally sound despite trading roughly 20% below its four-year adoption trend line near $76,400, while fellow analyst Rekt Capital estimates the bear marke
SK Hynix to List $30B in ADRs on Nasdaq July 10
SK Hynix, one of the three major memory-chip makers riding the AI demand surge, will list roughly $30 billion in American depository receipts on the Nasdaq on July 10, giving U.S. investors a direct r
Chip Stocks Slump as AI Spending Reality Hits
Chip and tech stocks slumped as investors reassessed the AI spending boom, with the Nasdaq 100 falling 3.3% and a South Korea selloff rattling sentiment around the sector's triple-digit gains.
Musk Loses Trillionaire Status as SpaceX Stock Stumbles
Elon Musk lost his trillionaire status as SpaceX's stock stumbled in early post-IPO trading, dipping below $150 before partially rebounding amid what outlets called a 'wild ride' for the newly public
Cerebras Falls 10% on First Post-IPO Earnings
Cerebras reported soaring first-quarter revenue in its first earnings since going public, but shares dropped roughly 10% as the chipmaker forecast full-year negative margins.
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