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Finance News — Page 157
AI Stocks Rebound, Oil Falls; Markets Slip on Tech
Investors navigate a mixed market, as AI equities claw back losses and oil eases, even as tech weakness and geopolitical flare‑ups drag broader indices down.
Marvell Technology jumps 10% after news it will join the S&P 500 index
Marvell Technology’s announcement that it will join the S&P 500 on June 22 sent its shares soaring over 10% in early trading, underscoring the market’s enthusiasm for its AI‑chip business.
Cramer's Picks: Chip Rebounds, Google‑SpaceX Deal
Jim Cramer flagged a bullish start for U.S. equities Monday, noting chip rebounds, fresh IPO coverage, a hefty Google‑SpaceX Nvidia‑chip deal, and upgraded price targets for Oracle.
BTC price bottom not due until Q4? Five things to know in Bitcoin this week
Bitcoin traders see a short‑term relief bounce but warn the bear‑market bottom won’t arrive until at least Q3, as inflation data, Fed rate outlook, and US‑Iran tensions add pressure.
Bybit Offers Tokenized SpaceX IPO Access at Official
Bybit launches tokenized access to SpaceX’s IPO, allowing retail investors to buy shares at official pricing through blockchain infrastructure, challenging traditional Wall Street gatekeeping.
Crypto's recovery remains elusive as SpaceX, Anthropic IPOs loom
Bitcoin’s price slipped toward $60k amid $1.72 billion in weekly ETF outflows and low trading volume, while looming SpaceX and Anthropic IPOs threaten to drain market liquidity further.
How to Invest in Indian Government Securities
Retail investors in India can now access government securities through multiple channels, including a direct RBI portal, stock exchanges, and debt mutual funds, with recent tax exemptions boosting int
US chip rally lifts S&P, Nasdaq amid Asian slump
U.S. chip makers surged on Monday, lifting the S&P 500 and Nasdaq, while Asian markets slumped after Friday’s sell‑off and oil fell as Israel‑Iran strikes were halted, underscoring a split global mark
Singapore Aims to Be Asia’s Gold Storage Hub
Singapore is courting investors and central banks to become a regional hub for gold trading and storage, leveraging its reputation for stability, security and strong governance. Demand for bullion is
Gold slips below 200-day moving average offering glimmer of hope for bitcoin bulls
Gold slipped below its 200‑day moving average for the first time since October 2023, trading under $4,300 per ounce after a strong U.S. jobs report raised expectations of a Federal Reserve rate hike a
Korean Stocks Fall as AI Trades Unwind, Dump Billions
Korean equities fell sharply as AI‑driven trading unwindings sparked a sell‑off throughout the year, while foreign investors pulled out billions despite a record rally recently.
Asia’s stock markets dive amid Iran-Israel conflict, Wall Street jitters
Asian equity markets fell sharply on Monday as the renewed Iran‑Israel conflict and U.S. rate‑hike concerns rattled investors. South Korea’s KOSPI plunged almost 9%, triggering a circuit‑breaker, whil
Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa Sanpaolo launched a €30.6 billion unsolicited bid for Monte dei Paschi di Siena, sparking a bidding war with Banco BPM’s equal‑weight merger proposal.
Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here's why
Foreign investors sold a net 1.24 trillion won ($801 million) of Kospi‑listed shares on Monday, contributing to roughly $62 billion of outflows this year and pushing the index more than 8 % lower at t
AI Chip Rally Spurs Concentration Risk, Fund Outflows
AI-fueled rallies in Taiwan and South Korea have concentrated market exposure on three chipmakers, forcing active managers to sell and prompting record outflows from active funds while passive inflows
Indonesia’s Foreign Reserves Suffer Longest Decline Since 2018 - Bloomberg.com
Indonesia’s foreign reserves have entered their longest decline since 2018, while the rupiah hit a record low against the US dollar and the IDX Composite Index fell 4.58%.
Dollar near two-month high after jobs report
The dollar held near a two-month high after strong U.S. jobs data boosted expectations of a Federal Reserve rate hike, while a temporary Iran-Israel ceasefire eased market tensions and supported other
What happens to Bitcoin if Nasdaq falls further?
Bitcoin stays above $60,000, eyeing $92,630 while Nasdaq, after a 4% plunge, faces a possible 10% slide toward its SMA as RSI hits a low of 14.70.
Apple Debuts Gemini Siri, SpaceX IPO Friday
The market preview highlights Apple’s upcoming WWDC reveal of a Gemini‑powered Siri and its strong stock rally, Honeywell’s 2026 guidance and investor day, Oracle’s AI data‑center earnings, and the im
Banco BPM invites MPS to $58 billion merger talks to form Italy's second-biggest bank - CNBC
Banco BPM has invited Monte dei Paschi to merger talks valued at $58 billion, aiming to create Italy's second‑largest bank. At the same time, Intesa has launched unsolicited bids for Monte dei Paschi
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