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S&P Industrials Hit Tech-Level P/E on AI Boom
The S&P 500 industrials sector is trading at a P/E ratio above 30 — a level historically reserved for tech — as Alphabet, Nvidia, and the broader AI buildout send trillions of dollars in data center s
Big Tech Earnings, Fed Decision, $100 Oil: Week Ahead
Wall Street's busiest week of the quarter features four Big Tech earnings reports, a Federal Reserve interest rate decision, and crude oil hitting $100.
Europe's Crypto Rules Drive M&A Wave
Europe's MiCA regime and the UK's forthcoming FCA crypto framework are pushing the industry's competitive battleground from licensing to regulatory compliance costs, with lawyers and executives predic
BitMart to wind down exchange, end trading by Aug. 26
BitMart announced plans to wind down its exchange and end trading by August 26, sending its BMX token below $0.10 as users reported delayed withdrawals and confusion with the separately-shuttering Bit
Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%
BitMart will wind down its crypto exchange after nine years, halting all trading by August 26 and fully closing by January 31, 2027, with its BMX token crashing 58% on the news.
Asset allocation explained: Why equities, debt and gold should all have a place in your portfolio? Expert explains
Avisa Wealth Creators' CIO Aditya Agarwal says combining equities, debt and gold is the surest way to reduce portfolio risk and beat inflation, with age-based allocation ratios shifting from 80% equit
Some ETFs Trade 20% Above NAV as Creation Limits Tighten
ETFs can trade at significant premiums or discounts to their net asset value, with international funds quoting 8–20% above NAV due to exhausted overseas creation limits, while Nifty 50 ETFs stay withi
Morgan Stanley Backs Microsoft at $600, Flags OpenAI Risk
Morgan Stanley reiterated its overweight rating on Microsoft with a $600 price target ahead of the July 29 earnings report, betting on Azure's continued growth, but flagged OpenAI's mounting financial
Indian investors: hold US and China, not either/or
Vested Finance CEO Viram Shah tells Indian investors that US and Chinese equities are "two very different markets" and should be held together rather than chosen between, noting the S&P 500 trades at
Primark Cuts Prices to Counter Shein and Temu
Primark is cutting prices on hundreds of clothing items like jeans, jumpers, and socks, borrowing a 'supermarket tactic' to lure shoppers back from ultra-cheap online rivals Shein and Temu ahead of it
Robinhood eyes Crypto.com for prediction markets boost
Robinhood is reportedly in talks with Crypto.com to expand its prediction markets offering with yes-or-no event contracts, adding another exchange partner amid an unresolved jurisdictional fight betwe
Here are 4 forces that drove a tough week for stocks
Stocks posted a second straight weekly loss with the S&P 500 down 0.6% and the Nasdaq falling 2.1%, driven by surging oil prices on Iran conflict fears, sharp selloffs in AI-exposed names like Alphabe
Elon Musk’s Boring Company reportedly raising funding at a $20 billion valuation
Elon Musk's Boring Company is in talks to raise $4 billion at a $20 billion valuation, nearly quadrupling its $5.7 billion mark from 2022, despite worker injury reports and hundreds of environmental v
SEBI Approves Quick Transmission for Small Securities Claims
SEBI approved a Quick Transmission Processing framework at its June 19 board meeting to ease securities transfer for small-value claims, as experts urge investors to promptly update nominees across al
Sberbank to Launch Crypto Trading Infrastructure by December
Sberbank, Russia's largest bank, plans to launch crypto trading infrastructure and a digital depository by Dec. 1 as new federal rules for crypto trading, custody and settlement take effect Sept. 1.
North Korea arrests hackers in bank crypto laundering bust
North Korean authorities arrested former military hackers who allegedly breached two state banks — the Central Bank of the DPRK and the Foreign Trade Bank — diverted funds into overseas crypto wallets
Tesla Revenue Beats, Margin Craters to 3.7%
Tesla's Q2 revenue beat of roughly $2 billion was overshadowed by a 33% earnings miss and collapsing margins, sending shares down 14.5% as investors priced in $25 billion-plus in capex and a turn to n
Alphabet's $514B AI Backlog Makes Sell-Off Overdone: Analyst
Seeking Alpha analyst JR Research pushes back against market skepticism over Alphabet's declining free cash flow margins, arguing Google's aggressive AI investment is a strength play, not weakness — a
Oil Demand Crash Caps Prices Despite 11M bpd Supply Loss
Despite the loss of roughly 11 million barrels per day of oil supply since the US-Iran war began and attacks on Red Sea shipping, crude prices remain well below wartime peaks because global demand has
Poolin, Once One of Bitcoin's Biggest Mining Pools, Files for Bankruptcy
Poolin Technology, once one of Bitcoin's largest mining pools, filed for Chapter 11 bankruptcy on July 22, owing $163.7 million to roughly 11,700 users whose withdrawals were frozen in September 2022.
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