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Finance News — Page 144
SpaceX rises 4% to leapfrog Amazon in market cap, closes short of Microsoft
SpaceX shares surged ~4% on Tuesday, briefly pushing its market cap to $2.94 trillion — past Microsoft and Amazon — before settling at $2.65 trillion in a stunning post-IPO run-up that minted Elon Mus
CFTC Approves First US Bitcoin Perpetual Futures
The CFTC approved KalshiEX to list the BTCPERP contract in late May 2026, creating the first US-regulated path for Bitcoin perpetual futures and opening the door for retail and institutional traders t
Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
Carvana has purchased seven Stellantis new-vehicle franchises since last year, and its Casa Grande, Arizona location has rapidly become Stellantis' highest-volume U.S. store — a development industry a
Novig wins CFTC approval in sports prediction market
Novig received CFTC approval Tuesday to operate as a federally regulated sports-focused designated contract market, joining ProphetX and a crowded field of exchanges, sportsbooks and brokerages chasin
Robinhood Cuts 10% of Staff After Crypto Revenue Drops
Robinhood is laying off 10% of its workforce, CEO Vlad Tenev announced, framing the cuts as proactive even as the company disclosed crypto transaction revenue fell 34% sequentially in Q1 to $134 milli
Robinhood Lays Off 10%, Sidesteps AI Excuse
Robinhood is cutting 10% of its full-time staff (~290 employees) without citing AI as a reason — a notable framing choice as peers like Amazon, Block, and Coinbase have leaned on AI-restructuring lang
TD Securities Names New President, Investment Banking
TD Securities restructured its senior leadership under CEO Tim Wiggan, naming Dan Charney president, promoting Geoff Bertram to head investment banking, and appointing Lisa Thomas to lead global resea
BofA Survey: 80% Call Chip Trade Most Crowded, Won't Trim
Bank of America's May fund-manager survey shows a record 80% of institutional investors call semiconductors the most crowded long position, yet remain reluctant to trim even as BofA's own Bull & Bear
BlackRock's BITA ETF Caps Bitcoin Gains for Yield
BlackRock launched the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq, an exchange-traded fund that caps investors' Bitcoin upside to generate double-digit monthly yield through covered-call opti
Jim Cramer Outlines His Stock-Picking Playbook in CNBC Interview
Jim Cramer outlined his stock-picking framework from his book "How to Make Money in Any Market" in an exclusive CNBC interview, using Nvidia's run as the marquee example of how concentrated bets can c
Bank of Japan raises interest rates to 31-year high … of 1%
The Bank of Japan raised its policy rate to 1% — the highest since 1995 — to combat inflationary pressures from the Iran war, even as a US-Iran peace framework eased oil prices.
Bitcoin rallies after Japan rate increase with XLM, INJ, UNI advancing
Bitcoin climbed above $66,500 after the Bank of Japan raised rates to a 31-year high, as altcoins XLM, INJ and UNI surged 13-16% and derivatives data signaled renewed risk appetite across crypto marke
Public Sector Pension Investment Board earned 6.5% last year, bought Canadian stocks as inflation hedge
PSP Investments posted a 6.5% fiscal-year return, well below its 13.1% internal benchmark, as a $2.1-billion real estate loss and weak private credit and equity gains dragged on results even as its st
Goldman Cuts Brent Forecast to $80, Matching Market
Goldman Sachs slashed its Brent oil price forecasts after the White House announced a Persian Gulf peace deal set to be signed Friday, but the bank's new targets essentially match current market level
RBA Holds at 4.35%, Warns Hikes Still Possible
The Reserve Bank of Australia held its cash rate at 4.35% but warned future hikes remain possible, citing sticky inflation, weaker-than-expected Q1 GDP growth, and oil supply disruptions tied to the I
Bitcoin recovery rests on US-Iran deal as momentum remains weak
Bitcoin's recovery to above $67,000 lacks conviction and depends on a fragile US-Iran peace deal that Trump announced Sunday but is not yet signed, with on-chain momentum indicators still sitting at b
Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold
The Bank of Japan raised its policy rate to 1% for the first time since 1995, accelerating normalization as it balances persistent yen weakness against rising energy-driven inflation.
China Retail Sales Fall First Time Since Covid
China's retail sales contracted in May for the first time since the end of Covid lockdowns, while fixed asset investment and property investment both deepened their declines, exposing a widening split
Bitcoin, Ether Slip as Crypto Lags Stock Rally on Iran Deal
Bitcoin briefly pushed past $67,000 before pulling back under $66,000 as crypto traders sat out a broader relief rally that lifted stocks and pushed oil lower after the U.S. and Iran signed a prelimin
VIX Tumbles Below 16 as SpaceX Shares Surge Past $2.5T
Wall Street's VIX tumbled below 16 on Monday as traders absorbed the historic $2 trillion SpaceX IPO without disruption, sending the Nasdaq 100 up 3% and semiconductors to a new all-time high.
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