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Finance News — Page 173
Wall Street Drops as Chip Selloff Enters Bear Market
Wall Street's three major indexes closed sharply lower on Friday, capping a losing week as a chip-led selloff broadened into a broad risk-off move, with energy the lone sector gainer on escalating Ira
SpaceX Stock Craters 23% Since Nasdaq-100 Inclusion
SpaceX stock has plunged nearly 23% since joining the Nasdaq-100, logging losses in nine of the last ten sessions as a Starship test flight abort added to post-IPO turbulence.
Trump Media to Sell Wall Street Instant Truth Social Feed
Trump Media is launching a paid instant-access data feed called Truth API on 1 August, giving Wall Street firms millisecond delivery of posts from Truth Social's most-followed accounts — including Pre
Semis Drop 11% as Moonshot AI Stokes Capex Doubts
Chip stocks are headed for their steepest weekly decline since March 2025, with the Philadelphia Semiconductor Index down 11%, as China's Moonshot AI unveiled a 2.8 trillion-parameter model and Alphab
Retail and Wall Street are underwater on SpaceX — but not going down without a fight
SpaceX shares slid to $122.12 on Friday — 9% below its $135 IPO price and 44% off its $225.64 high — as options traders piled into puts, though a closer look at the tape revealed bullish positioning h
Senator Warren requests 2026 reporting for Trump’s crypto earnings after $1.4B disclosure
Senator Elizabeth Warren is asking Donald Trump to voluntarily file his 2026 annual financial disclosure by July 23, arguing the Senate's pending crypto market structure bill could enrich his family's
California's 5% Billionaire Tax Heads to November Vote
California voters will decide in November whether to impose a first-of-its-kind, one-time 5% tax on residents and trusts worth more than $1 billion, a measure that has split the state's billionaire cl
Bitcoin Drops Under $62.5K as Iran Strikes Hit Stocks
Bitcoin fell below $62,500 at Friday's Wall Street open as fresh US strikes on Iran dragged risk assets lower, pushing the Nasdaq down nearly 2% and dragging Netflix more than 10% in early trade.
SK Hynix ADR Rebounds 3.8% After 14% Plunge
SK Hynix's U.S.-listed ADRs rose 3.8% on Friday, rebounding from a 14% Thursday plunge as South Korea's market holiday let American investors bargain-hunt without overnight domestic price risk.
Netflix Stock Tanks on Q3 Revenue Miss
Netflix stock tanked after Q3 revenue fell short, and the company said it will give fewer engagement updates while Wall Street called the results a 'big miss' and described the company as 'in no man's
Chip Stocks Crash as Chinese Startup Launches AI Model
Semiconductor stocks are plunging toward bear market territory as investor sentiment sours, while a Chinese startup counters the downturn with a powerful new AI model launch.
S&P 500 Holds as Bank Earnings Offset Tech Selloff
Despite a sharp selloff in chip stocks and a 25% plunge in IBM after a software slowdown warning, the S&P 500 is down just 0.6% for the week as record-high bank earnings and a rotation into financials
Nikkei Enters Correction as Tech Rout Hits Asia
Asian markets plunged Friday with Japan's Nikkei entering correction territory—down more than 10% from its June 25 peak—as a global tech selloff driven by AI bubble fears, hawkish Fed signals, and a d
Obscure volatility measure points to a 'Magnificent Seven’ earnings breakout
Nations Indexes' RiskDex metric flags Meta and Microsoft as having the most extreme bullish call-skew among actively traded S&P 500 names, with the firm's president calling the crowded long-call posit
SpaceX Stock Falls Below IPO Price After Starship Scrub
SpaceX stock fell below its $135 IPO price for the first time, closing at $131.11 on Thursday and losing roughly $1 trillion from its June peak after a scrubbed Starship launch cast doubt on the compa
Canada Aerospace Revenue Jumps 76% to $45.7B
Canada's aerospace sector posted $45.7-billion in collective revenue at end of 2025, up 76% over five years, as Airbus's record US$19-billion A220 order from AirAsia and Bombardier's multi-year backlo
Tokyo Drops 5%, SoftBank Sinks 9% in Asia AI Sell-Off
Asian markets suffered a sharp sell-off led by Tokyo's 5%+ drop and SoftBank's 9%+ plunge, as a Wall Street AI rout dragged chip and tech stocks across the region.
Live markets: Bitcoin slips below $63,000 as the chip rout goes global
Bitcoin slipped below $63,000 and crypto-linked equities tumbled as a global semiconductor selloff deepened, with former bitcoin miners pivoting to AI data centers taking the hardest hits.
Kioxia Drops 16% as Korean Crash Hammers Asian Chips
Over 1.2 million South Korean retail traders absorbed margin calls this week as the Kospi selloff cascaded into Japan's semiconductor sector and Taiwan, with Kioxia plunging 16% and TSMC dropping 7% d
SpaceX Stock Slides 40% From Post-IPO Peak
SpaceX stock has slipped below its $135 IPO price after a brief post-listing surge to $225, with analysts citing fading hype and investor scrutiny of the company's $4.9 billion 2025 loss.
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