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Finance News — Page 168
Bitcoin Tops $66K as Trump Backs Clarity Act Ethics Provision
Crypto markets surged Monday with bitcoin breaking above $66,000 after reports that President Trump agreed to a crucial ethics provision clearing a major Senate hurdle for the U.S. Clarity Act, while
GM Beats Earnings, Raises Guidance Amid Pricing Strength
General Motors beat Q2 earnings expectations and raised its 2026 financial guidance, citing strong pricing, lower warranty costs, and narrowing electric vehicle losses amid resilient consumer demand.
Jamie Dimon Warns Markets Underprice Risks, Won't Buy Stocks
JPMorgan Chase CEO Jamie Dimon warned that global markets are underestimating geopolitical and fiscal risks, saying he would not buy stocks or long-dated U.S. Treasurys at current levels despite recen
UK Parliament Probes Banking Barriers for Crypto Firms
The UK's Crypto and Digital Assets APPG has opened a formal inquiry into banking restrictions on crypto firms and consumers, with written submissions due by Aug. 31 and findings to follow.
India's largest asset management firm makes a muted market debut after a $1 billion IPO
Shares of SBI Funds Management, India's largest asset manager, debuted at a 7% premium over its $1 billion IPO price on Tuesday, a muted listing investors had been watching as a bellwether for upcomin
Oil Overtakes AI as Iran War and Houthi Blockade Roil Markets
Oil has displaced AI as the dominant force in global markets as the five-month US-Iran war and a new Houthi naval blockade threat against Saudi Arabia keep supply fears elevated, with Brent crude easi
Grayscale Files S-1 for First US Worldcoin ETF
Grayscale filed an S-1 registration for what would be the first US Worldcoin ETF, listing on Nasdaq under the ticker GWLD with BitGo as custodian and BNY Mellon as administrator.
S&P 500 Dips on Trump, Oil; SpaceX, Tesla Tumble
Monday's stock market closed slightly lower as Trump comments and rising oil prices sparked broad losses that hit SpaceX and Tesla particularly hard, though a chip-stock rally later lifted Nasdaq and
LSE to Launch Overnight Trading Venue in 2027
The London Stock Exchange plans to launch a separate overnight trading venue in the first half of 2027, running from 5:00 p.m. to 7:50 a.m. London time to capture retail demand and counter competition
Dimon: Markets Underprice Risks, Won't Buy Stocks or Treasurys
JPMorgan CEO Jamie Dimon warned that markets are underpricing geopolitical and fiscal risks, saying he wouldn't buy equities or long-dated Treasurys at current prices — even as the S&P 500 is up nearl
US Equities Split Across Outlets on Iran, Earnings
Major US equity indices drew mixed characterizations across outlets as Iran tensions and the wait for Big Tech earnings shaped trading, with chip stocks gaining and oil price direction varying between
US Gas Prices Hit $4 a Gallon Amid US-Iran Attacks
US average gas prices climbed back to $4 per gallon on Monday, with the AP and other outlets attributing the move to market disruption from active US-Iran military strikes.
Bitcoin defies recent tech stocks sell-off: Are bulls eyeing $70K rally?
Bitcoin broke above $65,000 on Monday, decoupling from a tech-stock sell-off that pushed the Nasdaq-100 below 28,800 for the first time in five weeks, though derivatives data shows whales remain cauti
Oil Settles at One-Month High Despite Iran Ceasefire Bid
Oil prices settled at one-month highs on Monday as Houthi militants in Yemen declared a maritime embargo against Saudi Arabia, reversing an early drop triggered by reports of a new 10-day US-Iran ceas
SpaceX Down 47% From Peak, Sheds $1.4 Trillion
SpaceX stock fell to a record closing low of $119.85 on Monday, extending a seven-day losing streak that has erased nearly $1.4 trillion in market value since its June peak.
Cramer's Pyramid Strategy for Buying AI Stock Dips
Jim Cramer is advising investors to use wider, pyramid-style buying scales — gradually adding shares at predetermined lower prices with larger gaps between buys — to navigate extreme daily swings in A
Nasdaq Gains on Peace Hopes; Oil Rises Amid Iran Tensions
US equities opened the week mixed, with the Nasdaq gaining on peace hopes and chipmakers leading the charge while oil climbed on renewed Iran tensions, setting the stage for a heavy Big Tech earnings
AMC Stock Surges on Record Q2 Revenue, Surprise Profit
AMC stock surged after the theater chain posted record quarterly revenue and a surprise profit, with its CEO publicly dismissing bearish skeptics as 'prognosticators of doom.'
Barclays Upgrades Lumentum, Cuts Allegro and Penguin
Barclays reshuffled its ratings on three chip-sector names ahead of upcoming earnings, upgrading Lumentum to Overweight while downgrading both Allegro and Penguin.
Domino's Q2 Profit Rises, Misses Estimates; U.S. Comps at 0.1%
Domino's Pizza posted higher Q2 profit and revenue but saw U.S. same-store sales growth nearly stall at 0.1%, down sharply from 3.4% a year earlier, while earnings per share fell short of analyst expe
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