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Finance News — Page 132
Nasdaq Drops 2% as Chip Stocks Lead Global Selloff
US chip stocks triggered a global tech selloff, pushing the Nasdaq down more than 2% and dragging the S&P 500, with Nvidia, Micron, and AMD among the hardest-hit names and Asia's overnight AI rout cit
SpaceX stock climbs 4%, rebounding from three-day losing streak
SpaceX shares climbed roughly 4% on Tuesday, partially recovering from a punishing three-day slide that erased nearly a quarter of the stock's value, including a $400 billion single-day market-cap wip
SpaceX stock down by 16%: Will your mutual fund investments take a hit?
SpaceX's stock has plunged 16% in a single session and shed over $600 billion since its $75 billion IPO last week, but its tiny weight in the Nasdaq-100 means Indian mutual fund investors with index f
Chip stocks plunge, but bargain-hunters stem losses in other tech names
U.S. chip stocks led a broad tech selloff Tuesday, with the Philadelphia Semiconductor Index plunging 7.5% and the Nasdaq shedding roughly $776 billion in market value as investors reassessed heavily
Crypto market drops as Nasdaq tech selloff spills into digital assets
Bitcoin fell 2.5% to $62,300 and ether dropped more than 4% as a tech-led Nasdaq selloff spilled into crypto, triggering $717 million in liquidations and pushing the average market RSI to oversold ter
Canada’s Big Six banks are soaring like AI stocks. Can it seriously last?
Canada's Big Six bank stocks have surged 67% over the past year, outperforming gold and Nvidia, fueled by capital markets revenue and new regulatory easing—even as the country's housing market slumps
Goldman Calls AI Market a Rubber Band
Goldman strategist Rich Privorotsky warns AI valuations rest on assumptions of perpetually rising hyperscaler capex — assumptions increasingly strained by cheaper model development in regions like Chi
Yass: $39T Debt Should Be Measured Against Net Wealth
Billionaire trader Jeff Yass argued on the Generating Alpha podcast that $39.1 trillion in federal debt should be measured against America's net wealth rather than GDP, saying productive growth makes
Micron Stock Dives After Memory Chip Rivals SK Hynix, Samsung Tumble in KOSPI Selloff - Barron's
Micron Stock Dives After Memory Chip Rivals SK Hynix, Samsung Tumble in KOSPI Selloff Barron'sAI stocks are getting tra...
Samsung, SK Hynix Sink 12% as Kospi Crashes 10%
South Korea's Kospi crashed 10% — its fourth circuit breaker of the year — as Samsung and SK Hynix sank more than 12% in a leveraged AI-trade selloff, while Bitcoin held near $63,000 in a striking dep
SpaceX’s $600 billion plunge erased equivalent of nearly half of bitcoin’s market cap in 3 days
SpaceX lost roughly $600 billion in market value over three trading days—nearly half of Bitcoin's entire market cap—after announcing its first bond sale to fund AI expansion, while Bitcoin held near $
Asian Shares Drop on Iran War Jitters, Oil, Rates
Asian markets declined amid uncertainty over the war in Iran and cooling investor sentiment after recent gains, as oil prices and Treasury yields reacted to prospects of a diplomatic breakthrough.
Bitcoin falls under $63,000 as a tech selloff drags risk assets lower
Bitcoin fell below $63,000 as a broad rotation out of AI and chip stocks dragged crypto and global equities lower, with Micron's Wednesday earnings now positioned as the next major test for risk senti
Asia Stocks, Oil Slide as Hawkish Fed Bets Spike
Asian markets and oil tumbled on Tuesday as traders priced in a more aggressive Fed rate-hike path under new Chair Kevin Warsh while digesting US moves on Iran sanctions and diplomatic progress in Str
Oil Rises on U.S.-Iran Optimism Despite Iran License
Oil prices edged higher Tuesday as investors grew optimistic about an end to the U.S.-Iran conflict, recovering after the Treasury issued a 60-day license authorizing Iranian crude imports to the Unit
Hedge fund to pay Avis $650mn in settlement after wild stock swings - Financial Times
A hedge fund will pay Avis Budget Group $650 million to settle claims tied to wild stock swings in the rental car company's shares, with the stock rising 2% premarket on the news.
SpaceX debuts bond sale to raise $20 billion after IPO - qz.com
SpaceX launched marketing for its first-ever high-grade corporate bond sale, seeking to raise $20 billion on the heels of an $86 billion IPO.
Bank of England Eases Stablecoin Rules With £40B
The Bank of England published its final stablecoin policy on Monday, dropping proposed caps on individual holdings in favor of a £40 billion per-coin issuance limit and letting issuers hold up to 70%
AbbVie to Buy Apogee Therapeutics for $10.9B
AbbVie has agreed to acquire immunology drugmaker Apogee Therapeutics for $10.9 billion, with the target's lead prospect targeting eczema and coverage framing the deal as a strategic offensive.
Fomo raises $75M at $550M valuation
Social crypto trading platform Fomo has raised $75 million at a $550 million valuation, banking on a copy-trading model that lets users mirror peers' moves across blockchains without bridging assets.
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