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Finance News — Page 164
Dow Surges ~900 Points to Close, Tech Stocks Slip
The Dow Jones Industrial Average surged nearly 900 points to close at a record high as investors rotated out of technology stocks. The rally came after Broadcom reported disappointing earnings, sendin
Soaring stocks created 2 million new millionaires around the world last year
The Capgemini World Wealth Report shows global millionaire numbers rose 7.9% to 25.3 million in 2025, with total wealth hitting $98.3 trillion. Ultra‑high‑net‑worth individuals grew faster, now holdin
Broadcom Drops 14% Triggering Chip Sell‑Off
Technology stocks fell Thursday as chipmakers Broadcom, Micron and Marvell led a broader semiconductor sell‑off. Broadcom tumbled 14% after weaker‑than‑expected earnings, while Micron and Marvell slip
S&P 500 Opens Lower; Broadcom Misses Guidance
Jim Cramer highlighted ten market catalysts for Thursday, noting a lower opening for the S&P 500 and its first weekly decline in ten weeks as chip stocks slump after Broadcom's weak guidance. He also
Live markets: Bitcoin bounces, HYPE falls, NEAR gets demolished as crypto deals with a wipe out
Bitcoin rebounded to $64,000 after an overnight slide near $60,000, lifting crypto-linked equities. Bullish and Gemini each rose roughly 4%, while Coinbase and Robinhood also posted gains, though Bull
Broadcom drags S&P 500 futures lower as stocks fall
Broadcom's earnings forecast spooked traders, dragging S&P 500 futures lower. Micron and Marvell also posted premarket losses, while Nasdaq 100 futures fell and Dow futures rose.
Oil Falls as S&P Rally Stalls, Wall Street Mixed
Oil prices slipped and Wall Street closed mixed after the record‑breaking S&P rally lost steam. The market pullback was deepened by a sharp drop in Broadcom shares and a retreat in Asian markets, wher
Wealth of the Super Rich Explodes as Mere Millionaires Play Catch-Up - The Daily Beast
Multiple outlets report that the AI‑driven stock rally is driving a surge in wealth among the super‑rich while also creating new US millionaires at the fastest pace in four years. The gap between the
Quantinuum IPO Is Priced at $60 a Share. It’s Slated to Go Public Thursday. - Barron's
Quantinuum’s IPO was priced at $60 per share and is set to start trading Thursday. The upsized offering raised $1.68 billion, backed by Honeywell, and shares began trading today. The deal underscores
Echostar Options Surge on SpaceX IPO Hype
Traders are flocking to Nasdaq‑listed Echostar as hype around SpaceX’s record‑size IPO fuels a surge in options activity. In a single day, more than 60,000 contracts were traded for a premium near $50
SoftBank shares drop 11% as tech sell‑off spreads
SoftBank Group's shares fell more than 11% after a US tech sell‑off, dragging down other Asian tech stocks. The decline comes amid market concerns over the company's high‑risk AI bets, even as its CEO
Broadcom Shares Fall After Revenue Miss, AI Outlook
Broadcom’s shares fell after the company reported a revenue miss and an AI outlook that disappointed investors. The earnings shortfall was driven by weak software sales, and the firm left its AI chip
Broadcom Earnings Drag Chip Stocks; US Markets Rise
US equity markets closed mixed, with the Dow hitting a record high while the Nasdaq slipped, as Broadcom’s earnings miss sparked a chip‑stock sell‑off and a new Israel‑Lebanon ceasefire eased oil pric
Broadcom Q2 Revenue Hits $22.2B, AI Sales Surge 143%
Broadcom posted a record $22.2 billion Q2 revenue, powered by a 143% surge in AI semiconductor sales, while margins slipped and the firm warned of a sizable $30 billion booking backlog.
Asian Stocks Slip as Broadcom Plunge, Oil Prices Ease
Asian equity markets slipped as the chip rally lost momentum and heightened US‑Iran tensions. Broadcom’s share plunge and a pullback in oil prices added to the weakness, while European shares rose and
AI Boom Pulls Cash into Real Economy as Four AI IPOs
The AI investment boom is pulling hoarded cash from stock market investors and companies into the real economy. At the same time, SpaceX, OpenAI, Anthropic and Cerebras are all launching IPOs together
Anthropic scales its most powerful AI a day after filing to IPO - thestreet.com
Anthropic announced a confidential IPO filing and, a day later, scaled its most powerful AI model. The move drew coverage from outlets such as The Street, Fox Business, The Motley Fool, and Forbes, wh
Asia Markets Slide as Iran-US Tensions Push Oil Above $96
Asia-Pacific markets fell sharply Thursday as a direct Iran-US military exchange, including a strike on Kuwait's airport, pushed oil above $96 a barrel and extended Wall Street's overnight selloff.
Broadcom stock plunges on weak software sales, unchanged AI chip forecast for the year
Broadcom posted fiscal Q2 revenue of $22.19 billion, slightly below analysts’ expectations, while AI revenue more than doubled to $10.8 billion. CEO Hock Tan kept the AI semiconductor revenue guidance
Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?
Strategy, the Bitcoin treasury firm, retired $1.5 billion of convertible debt and bought 24,869 BTC, then sold 32 BTC for $2.5 million, breaking its “never sell” policy. The sale triggered $1.76 billi
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