Finance·7,629 stories
Finance News — Page 200
Dow Hits Record as Weak June Jobs Report Rerates Fed Bets
U.S. stocks diverged sharply after a June jobs report that badly undershot expectations, with the Dow setting a record close while the Nasdaq fell as Treasury yields dropped and the dollar weakened.
Japanese Financial Giant SBI to Shut Down Bitcoin Mining Pool
SBI Crypto, ranked 11th in Bitcoin mining by hash rate, will wind down its mining pool by July 31 with no reason given, as its parent doubles down on crypto via a $289 million Bitbank acquisition.
Oil prices are now back to prewar levels, but the market is not. Here’s what could happen next.
Oil prices have retreated roughly 10% to pre-Iran-war levels since mid-June on hopes of a reopened Strait of Hormuz, but shipping, supplies, and demand remain far from normal.
Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era
June's headline unemployment rate drop to 4.2% masked a troubling trend: the labor force participation rate fell to 61.5% — its lowest level in 50 years outside the Covid era — as 720,000 workers stop
Meta Drops 4.6% as AI Cloud Plans Hit Capacity Wall
Meta stock fell 4.6% Thursday after gaining 8.8% Wednesday on reports of AI cloud plans, as analysts questioned whether the company has spare computing capacity to sell and SoftBank unveiled a competi
US job growth slows to 57K in June
U.S. job growth slowed sharply in June, falling well below expectations, though the unemployment rate dipped to 4.2%, suggesting ongoing labor market resilience despite recent volatility.
Bitcoin Tops $62K as Weak US Jobs Data Boosts Rate-Cut Hopes
Bitcoin surged to a fresh July high above $62,000 at the Wall Street open, climbing nearly 4% as unexpectedly weak US jobs data fueled expectations that the Federal Reserve could ease monetary policy.
Patel's MSTR Stock Buy Down 44% After Late Disclosure
FBI Director Kash Patel disclosed months late that he bought between $100,000 and $250,000 in Strategy stock last November, and the investment has since lost up to 44% as the Bitcoin treasury company'
US economy added jobs at a slower pace than expected in June - Fox Business
The US economy added just 57,000 jobs in June, well below analyst expectations, as multiple major outlets reported a notable slowdown in hiring alongside persistent inflation.
Stock market gains minted nearly 1 million new millionaires in 2025, new UBS report says
Nearly 1 million people became millionaires in 2025 on the strength of stock market gains, according to UBS's annual wealth report, though the windfall flowed disproportionately to those already at th
Top 1% Own Half All Stocks Despite Trump's 'Everybody's Profiting'
President Trump touted 'everybody's profiting' from surging markets, yet Federal Reserve data shows stock wealth is overwhelmingly concentrated among the top 1% of households — fueling a push for new
Stocks Rise After Weak June Jobs Report
Stocks surged Friday after June hiring missed expectations, easing interest-rate pressure and fueling a broad market rally as Wall Street neared its best week in nearly two months.
JPMorgan: Strategy's BTC Sales Add Two-Way Risk
JPMorgan told clients that Strategy's newly formalized bitcoin sales policy creates "two-way" flow risk for crypto markets and urged the company to build cash reserves covering 24–36 months of dividen
U.S. job growth slows in June, easing expectations of Fed rate hike; unemployment rate falls to 4.2%
U.S. employers added far fewer jobs than expected in June, and the drop in the headline unemployment rate actually reflects 720,000 people leaving the labor force—giving the Federal Reserve reason to
U.S. Job Gains Slowed In June To 57,000; Entertainment Employment Continues Decline
The U.S. economy added just 57,000 jobs in June, well below expectations, while the unemployment rate dipped to 4.2% and prior months' gains were revised down by a combined 74,000 jobs.
Rivian lifts 2026 delivery forecast, shares soar
Rivian raised its 2026 delivery forecast on strong demand and ramping Q2 production, sending shares soaring in a market where competitors like Lucid are missing Wall Street expectations.
Meta Cloud Push Threatens Its Best-in-Class Margins
Meta confirmed it will sell excess computing power to outside customers, sending its stock up 9% on Wednesday as Wall Street weighed the long-anticipated diversification against the lower margins that
Warsh charms global central bankers at ECB Sintra forum
New Federal Reserve Chair Kevin Warsh won a notably warm reception from global central bankers at the ECB's annual Sintra conference, easing fears that a Trump-appointed Fed would retreat from interna
Chip Stocks Slide 6.3% as JPMorgan Flags Unsustainable Rally
Chip stocks extended a two-day rout as the semiconductor index fell 6.3% on Wednesday and premarket losses continued Thursday, while Meta Platforms bucked the slide with an 8.8% rally on reports it is
Fed's Warsh Wins Over Global Central Bankers at Sintra
At the Sintra forum, the world's central bankers found common cause with new Fed Chairman Kevin Warsh, who declared inflation risks declining and endorsed AI as a job creator.
Get the Finance newsletter
Curated finance stories, every morning. Free.
No spam. Unsubscribe anytime.