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Finance News — Page 177
Dow Hits Record 50,644 as Oil Falls After Iran Claim
The Dow Jones Industrial Average closed at a record 50,644.28 points as oil prices fell 5.55% after Iran’s state media promised to restore Strait of Hormuz traffic, a claim the White House dismissed a
AutoZone Beats Earnings, Shares Slip to Four-Year Low
AutoZone posted earnings that topped analysts’ expectations, yet its shares plunged to a four‑year low. The retailer blamed cooler weather for a slowdown in sales growth, prompting investors to sell d
Rumble jumps 7% as AI Compute Plans Unveiled
While Bitcoin hovers near $76,000 and geopolitical headlines dominate, AI infrastructure is stealing the spotlight. Rumble’s shares jumped 7% after CEO Chris Pavlovski unveiled a plan to challenge hyp
Spot HYPE ETFs absorb 1% of market cap in first 10 trading days: Kairos
Altcoin‑focused HYPE ETFs pulled in $68 million of net inflows in their first full week, representing about 1 % of their market cap, while Bitcoin and Ether spot ETFs suffered multi‑billion‑dollar out
Bitcoin clings to $75,000 support as bear market signals resurface
Bitcoin is hovering just above its $75,000 support level but still under the $76,000 line that analyst Tom Lee says must hold to confirm a new bull market. While the S&P 500 and Nasdaq 100 are scaling
Salesforce Options Surge as Software Sector Bulls
Options traders are betting heavily on a rebound in software stocks, with call buying outpacing puts on the IGV ETF and an even larger surge in Salesforce options, where traders are pricing in a near‑
Stock Market Today: Dow Futures Rise, Chip Rally Continues in Asia — Live Updates - WSJ
Asian equities are soaring as AI chip demand lifts SK Hynix and Micron into $1 trillion market caps, dovetailing with a record‑long Nasdaq winning streak. Meanwhile, Trump’s April ceasefire that reope
SK Hynix and Micron Hit $1 Trillion Valuations
SK Hynix and Micron have each broken the $1 trillion market‑cap barrier, spurred by a surge in AI‑driven memory chip demand. The rally, highlighted by WSJ and Reuters, underscores a rapid valuation li
SK Hynix & Micron Reach $1 Trillion Market Caps
A surge in AI‑driven memory demand has propelled SK Hynix and Micron into the exclusive $1‑trillion market‑cap club, joining Samsung as the sector’s biggest players. The rally also lifted Micron’s sha
SK Hynix Tops $1 Trillion Market Cap AI Memory Surge
SK Hynix’s market cap breaking $1 trillion reflects the AI‑driven surge in demand for high‑bandwidth memory, a trend powered by Nvidia’s expanding AI hardware ecosystem. The rally, mirrored by Samsung
Asia-Pacific markets trade mixed as investors weigh Iran tensions and ceasefire talks
Asia‑Pacific markets are mixed as investors balance fresh U.S. strikes in Iran and a fragile ceasefire, while U.S. equities climb to record highs. Oil prices jump after the strikes, and Bitcoin slides
European markets open higher as oil prices hold below $100
European equities nudged higher on Wednesday, led by a 0.2% rise in the Stoxx 600, even as oil prices slipped below $100 per barrel. The move comes while U.S. stock futures held steady after a tech‑dr
Japan, South Korea Stocks Hit Records on Chip Rally
Asian stock markets diverged sharply on Wednesday as Japan's Nikkei and South Korea's KOSPI surged to record highs on a chipmaker-led tech rally, while Chinese and Hong Kong shares fell amid uncertain
Bitcoin drops after $78K pop, but ‘value investor’ keeps ‘hoovering up cheap’ BTC
Bitcoin slipped back to about $76,000 after a brief surge past $78,000, as short sellers exited at breakeven and liquidity clustered around the $75,700 level. Meanwhile, a whale—identified by Blockstr
SoftBank hires banks for IPOs of SB Energy, AI robotics spinoff Roze
While OpenAI, Anthropic, and Google are busy reshaping AI models and services, SoftBank is turning its energy and robotics divisions into public companies to fuel the AI infrastructure surge. The grou
Bitcoin mining stocks jump on AI infrastructure demand
Bitcoin mining companies are seeing sharp stock gains as they repurpose their massive power and data‑center assets for AI and high‑performance computing workloads. The rally, led by TeraWulf’s 17% sur
Starlink Nabs American Airlines, Boosting SpaceX IPO
American Airlines plans to install SpaceX's Starlink on more than 500 Airbus jets, the latest major carrier to choose Starlink for inflight Wi-Fi ahead of SpaceX's record-setting IPO next month.
US Consumer Confidence Drops in May on Iran War Inflation
U.S. consumer confidence fell 0.7 points to 93.1 in May as inflation worries tied to the war in Iran and a dimmer view of the labor market weighed on households, hitting lower-income Americans hardest
Indonesia Blocks Polymarket for Gambling Law Violations
Indonesia’s Ministry of Communication and Digital Affairs has blocked the crypto‑based prediction market Polymarket, deeming its betting on political outcomes illegal under gambling law. The move foll
IO Interactive Launches 007 First Light Game May 27
IO Interactive unveils ‘007 First Light,’ a James Bond origin video game debuting May 27 on PC, PS5 and Xbox, featuring a cinematic‑style narrative, star‑studded voice cast, and a focus on Bond’s earl
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