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Finance News — Page 142
Fed holds rates steady, strips cut bias under Warsh
The Federal Reserve held rates steady at 3.5%-3.75% in Chair Kevin Warsh's first meeting, stripping language pointing to future cuts and signaling a possible 2026 rate hike as inflation forecasts jump
SpaceX Falls 4.95% in First Losing Day Since IPO
SpaceX shares dropped 4.95% on Wednesday—its first losing day since Friday's IPO—after briefly surpassing Microsoft to become the fourth-largest U.S. company by valuation at a $2.66 trillion market ca
CarMax Drops 9% as Margins Slip Despite Earnings Beat
CarMax beat Q1 earnings expectations but shares dropped 9% as margin compression and declining per-unit profits overshadowed the beat, with new CEO Keith Barr unveiling a multi-year turnaround strateg
Dow rises to record as oil ticks higher, traders await Fed rate decision: Live updates - CNBC
Dow rises to record as oil ticks higher, traders await Fed rate decision: Live updates CNBCStock market today: Dow rise...
BitGo stock surges on $50 million share buyback as value languishes 65% below IPO price
BitGo's shares jumped as much as 20% on Wednesday after the crypto custody firm announced a $50 million stock buyback program, though the equity remains roughly 65% below its January IPO price.
Real Estate Agents Flee Amid Four-Year Sales Slump
Thousands of real estate agents are exiting the industry or taking second jobs after four years of low sales, high professional fees, and a market downturn that has left some realtors unable to close
'Passive' investors who dodged bitcoin are now forced to own SpaceX, which is three times more volatile
SpaceX, with a $2.7 trillion market cap and implied volatility three times that of the iShares bitcoin ETF, will be forced into major indexes this summer, making it the only trillion-dollar-plus money
SpaceX's $2.6 trillion market cap nearly double that of bitcoin
SpaceX's market cap has roughly doubled bitcoin's entire market value just eight days after its IPO, with the rocket company's AI ambitions pulling risk capital away from crypto.
BMW Tumbles to 5-Year Low on Iran War, China Slowdown
BMW shares tumbled to a five-year low after the German carmaker cut its 2026 pre-tax profit outlook, blaming weaker Chinese demand and elevated energy costs from the Iran war, dragging rivals Volkswag
Fed Holds Rates Under Warsh, Signals Hawkish Pivot
The Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh's first meeting as chair, with the policy statement likely dropping language suggesting future cuts amid stick
Bitcoin trader warns of 'bearish reaction' to FOMC with $64K now essential
Bitcoin slipped below $65,000 as traders braced for Kevin Warsh's first FOMC meeting as Fed Chair, with one trader calling $64,000 the line that separates a hold from a retest of $60,000 lows.
China CSRC Cracks Down on AI Stock Speculation
China's securities regulator warned it will crack down on speculation driving the AI-linked stock rally, pledging to punish market manipulation tied to technology themes and to issue new guidance on A
Central Banks Bring Gold Home as Geopolitical Risks
A World Gold Council survey of 74 central banks finds monetary authorities are increasingly storing gold domestically and expect to keep buying, citing geopolitical risk and concerns that overseas res
UK inflation holds steady at 2.8% in May
UK inflation held at 2.8% in May, undershooting economist forecasts of 3%, as surging air fares and motor fuel costs were partially offset by falling food prices, while the Bank of England is widely e
Stocks Drift as Fed Decision Looms; Oil Below $80 on US-Iran Deal
U.S. stocks edged higher in quiet trading Wednesday as Wall Street awaited the Federal Reserve's interest rate decision, while oil pulled back below $80 a barrel on optimism over a tentative U.S.-Iran
Live markets: Markets turn their focus to the Fed as oil returns to pre-war levels
Bitcoin's risk-adjusted return has plunged to -20, matching levels that marked every bear-market bottom of the past decade, as on-chain accumulation signals stack up ahead of Kevin Warsh's first FOMC
SpaceX Options Debut Draws Record Demand
SpaceX options debuted with record investor demand, even as a CNBC strategist labeled the trades 'expensive' and 'dangerous,' and Sky News reported SpaceX shares soaring past Amazon's valuation.
SpaceX Tops Amazon at $2.66T, Buys Cursor for $60B
SpaceX surged past Amazon to become the fifth-largest U.S. company by market cap at $2.659 trillion, then immediately put its freshly minted paper wealth to work with a $60 billion all-stock acquisiti
Warsh Expected to Withhold Dot From Fed Rate Forecast
New Fed Chair Kevin Warsh is widely expected to withhold his individual rate forecast from the FOMC's quarterly dot plot at Wednesday's meeting, breaking 14 years of post-crisis practice and testing h
Bank of Japan Hikes Rate to 1%, 31-Year High
The Bank of Japan raised its benchmark interest rate to 1%, the highest level in 31 years, in a move the central bank attributes to inflation concerns.
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