Finance News — Page 166

Dow Jones slides ~600 points as yields and oil rise

The Dow Jones Industrial Average plunged, closing roughly 600‑619 points lower as Treasury yields climbed and oil prices rose after Mideast tensions. The Nasdaq also fell and the S&P 500 dropped 9 poi

Dow Slides 600 Points as Yields and Oil Prices Surge

The Dow Jones Industrial Average fell about 600 points, pressured by higher Treasury yields and oil prices. Wall Street also slipped as Middle East tensions rose and hopes for a rapid US‑Iran deal fad

Stock market today: Dow ends 619 points lower, Nasdaq drops and S&P 500 snaps 9-day win streak as tech wobbles, oil climbs to highest level in more than a week - MarketWatch

The Dow fell 620 points amid Trump war jitters, while the Nasdaq slipped and the S&P 500 ended its nine‑day rally as tech stocks wavered. Oil prices rose to a week‑high, and Broadcom shares hit fresh

Historic stock rally faces key test

The S&P 500 has surged almost 20% in nine weeks, but its nine‑day winning streak appears at risk from after‑hours earnings of Broadcom and Crowdstrike. Broadcom, now a $2 trillion‑plus chipmaker, is u

SpaceX Sets IPO Price at $135, Targets $75B Raise

SpaceX announced Wednesday it plans to price its IPO at $135 per share, targeting a $75 billion total raise.

OECD: Iran war puts global economy on two tracks

The OECD's latest outlook splits the global economy into two paths: a modest slowdown if the Iran war ends soon, or a severe hit dragging some economies toward recession if it persists. Either way, gr

Sources: DeepSeek is set to raise ~$7.4B in its first funding round from investors including Tencent and CATL at a valuation of between ~$52B and ~$59B (Reuters)

Bitcoin's slide to $66,000 is accelerating a shift into digital dollars

The crypto market is seeing a capital flight into dollar-linked stablecoins even as stocks and the Dollar Index remain c...

Dow and S&P 500 Hit Record Highs on AI Surge

U.S. equities continued their rally, with the Dow inching up and the S&P 500 hitting fresh record highs, buoyed by strong AI‑driven tech buying. Despite Middle East tensions, Wall Street closed modest

Doc Talk Podcast: Tribeca’s Cara Cusumano Gives Us Lowdown On Lower Manhattan Festival’s Documentary Lineup

Tribeca Festival, which kicks off Wednesday, will be thumping to music from its opening moments

Crypto correction vaporized $176B in investor funds: Are bears back in control?

Bitcoin, which had briefly hovered near $76,000 after Iran‑related news, plunged 9% to $67,000, erasing $176 billion of crypto market value in two days and triggering $1.5 billion in forced liquidatio

BofA's Hartnett: Stock Market in 'Late Innings'

BofA strategist Michael Hartnett warned that the stock market has reached the 'late innings' of its cycle, advising investors to be 'long humility and short hubris' as warning signs mount heading into

Rick Rieder: AI Bull Market Fueled by Cash

Earlier stories spotlighted Nvidia’s quantum‑AI push, but BlackRock’s Rick Rieder now says the AI‑driven equity rally feels “extraordinary” and less risky than the dot‑com boom. He points to massive c

Bitcoin’s $224K ‘fair value’ may emerge if sovereign debt fears deepen: Bitwise

A sovereign default-risk model estimates Bitcoin’s fair value at $224,000, as rising debt risks and bond-market stress c...

Where Does Bitcoin Go From Here? This Is What the Charts Say

Bitcoin plunged almost 6% to $67,287, its lowest level since April, as macro tensions—driven by Iran’s repeated closures of the Strait of Hormuz and tight U.S. crude supplies—sapped risk appetite. Ins

As Strategy Sells Bitcoin, Strive Doubles Down With $4.2 Billion Offering

Benchmark-StoneX analysts grew bullish towards Strive after the Bitcoin-buying asset manager padded cash reserves while ...

Trump Signs Scaled-Back AI Cybersecurity Order

President Trump signed a scaled-back executive order on June 2, 2026 that focuses on AI cybersecurity threats but, per multiple sources, imposes far less scrutiny on AI companies than a previously scr

Will Strategy's Peers Dump Bitcoin Now? Not So Fast, Analysts Say

Strategy broke its long‑standing “never sell” stance by offloading 32 BTC for about $2.5 million, a move that sparked a stock dip but, according to analysts, is a tactical use of Bitcoin rather than a

NYC Bar Hedges $13K Knicks‑Victory Risk with Kalshi

A New York City bar is using the CFTC‑regulated prediction‑market platform Kalshi to hedge the financial risk of a Knicks‑victory promotion, marking a novel application of sports contracts for small‑b

Bitcoin back in ‘distribution phase’ as extreme fear grips crypto market

Bitcoin slipped below $70,000 for the first time since April, marking a renewed distribution phase as short‑term holders sell at a loss. On‑chain data from CryptoQuant and Glassnode show exchange infl