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Finance News — Page 141
Canada’s economy grew 0.3% in May, coming in above expectations
Canada's economy grew 0.3% in May — above forecasts and pointing to annualized Q2 growth above 3% — though looming 50% U.S. tariffs set for Aug. 19 and the collapse of USMCA extension risk undercuttin
Why the Fed’s fading clarity offers new opportunities for investors
The Fed held rates steady with three dissenters for a hike, but Chair Kevin Warsh's unusually terse press conference left markets guessing — and some investors see that opacity as an opening for activ
Amazon Completes $50B OpenAI Investment, Takes ~5% Stake
Amazon has finalized its $50 billion investment in OpenAI, with the AI lab receiving the final tranche this week and the e-commerce giant securing roughly a 5% equity stake.
Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks
Clear Street is launching a platform letting accredited investors buy pre-IPO stakes in private tech companies starting with Databricks — but the AI startup says it has no relationship with the broker
Amazon Stock Jumps 15% as AWS Revenue Surges 36.7%
Amazon shares surged 15% after a blockbuster Q2 in which AWS delivered $42.2 billion in revenue, up 36.7% year-over-year, and Amazon raised its AI infrastructure spending outlook to roughly $220 billi
Musk Cools Tesla-SpaceX Merger Talk as SpaceX Hits Low
Elon Musk distanced himself from Tesla-SpaceX merger speculation as SpaceX stock plunged to a record low, while a separate report suggested Tesla may abandon its largest car plant to pursue an all-AI
Wise: Short-Term Treasurys Top Pick as Fed Holds Rates
Allspring's Noah Wise is steering investors toward short-term Treasurys over long-duration bonds, citing yields above 4% as markets price in further Fed hikes even after this week's decision to hold r
Apple Stock Slides ~10% as Cook Warns of Memory Costs
Apple's stock plunged nearly 10% on Friday after CEO Tim Cook warned during the Q3 earnings call that surging memory chip costs would keep squeezing margins, despite Apple beating revenue and EPS esti
Index Ventures Raises $2B Across Three Funds
Index Ventures has closed $2 billion in new capital spread across three distinct vehicles: a $900M venture fund, $400M for seed-stage investing, and a $700M addition to its 2024 $1.5B growth fund, wit
S&P 500 Stuck at 7,500 as Correlation Index Surges
The S&P 500 is pinned at the 7,500 level as options traders buy dips and sell rallies, while a surging Cboe correlation index suggests the market is getting more balanced — though prior bottoms saw co
Apple stock slides 10% after guidance miss
Apple stock plunged nearly 10% after a guidance miss, with CEO Tim Cook warning of a "100-year flood" in memory chip pricing on what was his final earnings call.
Apple Drops 9% on Weak Guidance, Downgrade
Apple shares plunged roughly 9% on Friday after the company's fourth-quarter revenue guidance came in below analyst expectations, prompting GF Securities analyst Jeff Pu to downgrade the stock to Hold
Japan's Yen Intervention Hammers Treasuries
Japan intervened to stabilize the yen in a move joined by the US, sending shockwaves through Treasury markets on July 31, 2026.
Palantir Q2 Earnings Loom Amid Valuation Skepticism
Palantir's Q2 earnings report is imminent, and coverage ahead of the print is split — some outlets predict a post-earnings stock plunge while others model the expected price move.
Tesla weighs China carve-out for SpaceX merger
Tesla is reportedly weighing a spinoff, sale, or closure of its China operations to clear the regulatory path for a merger with SpaceX, a defense contractor bound by strict national security rules.
OCC, FDIC Bar CRA Credit for Bank Donations to Activists
The OCC and FDIC proposed a joint rewrite of Community Reinvestment Act rules that would stop banks from earning regulatory credit through donations to progressive activist nonprofits, requiring direc
Palantir Aims For 12th Straight Revenue Acceleration, But U.S. Growth Is Key - Investor's Business Daily
Palantir heads into its Aug. 4 earnings report targeting a 12th straight quarter of revenue acceleration, with U.S. commercial growth flagged as the critical metric. Other outlets frame the setup far
Japan's ¥8.45T Yen: Biggest Single-Day Intervention
Japan likely deployed a record ¥8.45 trillion ($52.8 billion) intervening in currency markets on Thursday to support the yen, per Bloomberg's analysis of Bank of Japan accounts.
Coldcard Flaw Drains $38M in Bitcoin; Coinkite Says AI Found Bug
A firmware build error in Coinkite's Coldcard hardware wallets let an attacker drain roughly $38 million in Bitcoin from about 500 wallets in 25 minutes, exploiting seeds generated since a March 2021
Apple Shares Drop 7% as Cook Warns of Supply Constraints
Apple shares tumbled more than 7% after-hours despite a strong earnings beat, as CEO Tim Cook warned that supply constraints — driven by surging iPhone and Mac demand — would spread from Macs to iPhon
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