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US stocks slump as fears over Big Tech shake Wall Street
US equity markets tumbled on Friday, with the Nasdaq falling more than 4%, the S&P 500 down 2.6% and the Dow Jones 1.35% after a stronger‑than‑expected April jobs report raised expectations that the F
Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's
Marvell Technology and Flex are set to join the S&P 500 on June 22, replacing Pool Corp and The Campbell’s Company. The news lifted both stocks, with Marvell up 5% after Nvidia’s $2 billion investment
Broadcom Earnings Spark Chip Selloff, Intel Drops
Broadcom’s earnings triggered a sell‑off across the semiconductor sector, pulling down Broadcom and Intel stocks. Intel, AMD and Micron subsequently trimmed losses as the broader market rallied, with
Broadcom Earnings Flop Triggers Dow Jump, Nasdaq Drop
Broadcom’s earnings miss sparked a split in today’s market. The Dow surged to a record high while the Nasdaq fell, reflecting investors’ divergent reactions to the tech‑heavy index’s disappointment.
Mythos stalls as CrowdStrike, Palo Alto miss earnings
Anthropic’s Mythos model revived enthusiasm for cybersecurity, lifting CrowdStrike and Palo Alto Networks shares over 70% between April and May. However, after the latest earnings reports, the two fir
Bitcoin Falls Below $60,000, First Since 2024 Election
Bitcoin fell below $60,000, its first sub‑$60k level since the 2024 Trump election win and its lowest price since October 2024. The drop coincided with investors moving into AI projects and large‑cap
Stock Market Today: Nasdaq Sinks 4% On Rate-Hike Worries; Nvidia Falls Amid Chip Sell-Off (Live Coverage) - Investor's Business Daily
The Nasdaq index dropped 4%, its steepest decline since April 2025, as investors grew nervous about possible interest‑rate hikes and fled chip stocks. Nvidia also fell, caught up in a broader sell‑off
Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests
A May nonfarm payrolls report showed an unexpected gain of 172,000 jobs and upward revisions to earlier months, pushing market expectations for a Fed rate cut further out. The strong labor data deepen
Kraken Launches Tokenized Access to SpaceX IPO
Kraken is opening its xStocks IPO Access platform to let users in more than 110 markets buy tokenized SpaceX shares before the company’s public debut on June 12. Eligible investors must use the Kraken
Crypto mutiny on Strategy: Shorts target 'MSTR' in bitcoin bloodbath
Options traders are heavily shorting Strategy (MSTR) and its variable‑rate preferred stock STRC as Bitcoin fell below $60,000, with put volume far exceeding calls and a $335 million premium traded. Th
Kalshi Odds 52% for Fed Rate Hike After Payroll Surge
Prediction‑market platform Kalshi lifted the probability of a Federal Reserve rate hike this year from 25.3% to 52% after the Labor Department reported nonfarm payrolls of 172,000, well above expectat
Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000
Dogecoin and Shiba Inu each dropped roughly 9% as Bitcoin slipped toward $60,000, breaking key support levels. The tokens’ biggest volume spikes occurred on price breakdowns, showing sellers stayed in
Bitcoin Tumbles 15% in Worst Week Since FTX Collapse
Bitcoin is on pace for its worst week since the November 2022 FTX collapse, falling roughly 15% as investors rotate capital into AI-linked semiconductor stocks and upcoming megacap IPOs like SpaceX.
Bitcoin teases 'seller exhaustion' as BTC price downside reaches $60.3K
Bitcoin's price slipped toward $60,300, with sellers still in control and analysts spotting early signs of seller exhaustion. A stronger‑than‑expected US nonfarm payrolls report added 172,000 jobs in
Oil Markets Stop Believing Trump's Peace Narrative - Crude Oil Prices Today | OilPrice.com
Oil markets have turned skeptical of President Trump’s peace narrative, prompting crude prices to fall as hopes for a US‑Iran de‑escalation rose. After a brief dip, futures slipped ahead of the weeken
NYT: Job Market Scars New Graduates' Wages
NYT business reporter Sydney Ember interviews recent college graduates who are having trouble finding jobs and argues that launching a career in today’s economy may cause long‑term wage and opportunit
Bitcoin Slides 2.8% as CoinDesk 20 Index Falls 4.8%
The CoinDesk 20 index slipped 4.8% to 1681.25, with all twenty constituents trading lower. Bitcoin fell 2.8% and Binance Coin 2.9% as the leading losers, while Internet Computer and NEAR each plunged
Bitcoin’s star fades as investors flock to lustre of AI and megacap IPOs
Bitcoin is experiencing its steepest weekly decline in a decade, falling about 15% to around $63,000 and losing roughly a third of its 2026 value. The slump is driven by investors shifting to AI stock
Broadcom AI Guidance Triggers Chip Stock Drop
NVIDIA, Intel, AMD and Micron all slipped for a second consecutive session after Broadcom delivered weaker‑than‑expected AI guidance. The Dow Jones Industrial Average surged 875 points to a record hig
Bitcoin Plunges, Investors Turn to AI, Ether Drops
Bitcoin has suffered a sharp decline, marking its worst week in months as market narrative fades and liquidity rotates. Investors are moving capital toward AI and megacap IPOs, while Ether and privacy
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