Finance·5,880 stories
Finance News — Page 21
S&P 500 Hits Record on Soft PPI; Dow Climbs
US stocks pushed to fresh records across the Dow and S&P 500 after July's wholesale inflation print came in unchanged, with falling oil prices adding fuel to the rally.
S&P 500 Sets Record as Inflation Cools
U.S. stocks pushed higher as soft inflation data and falling oil prices eased rate-hike concerns, though gains varied by index and the Dow slipped in a mixed session for U.S. stock investors.
Reddit Surges 11% on S&P 500 Inclusion
Reddit shares jumped 11% in extended trading Thursday after the social media company was added to the S&P 500 effective Aug 18, making it only the second pureplay social media firm in the benchmark af
Kospi Crash Wipes Out Korean Retail Tech Bets
South Korea's Kospi index more than doubled to above 9,000 points by mid-June before plunging to 5,500 within weeks, wiping out tech-stock gains for retail investors — with an estimated 1.2 million Ko
OpenAI’s Annualized Revenue Tops $40 Billion Ahead of IPO - Bloomberg.com
OpenAI's annualized revenue run rate has exceeded $40 billion as the company prepares for a potential IPO, with Sam Altman reportedly pushing for a $1 trillion valuation while key backer SoftBank face
Cisco Drops 8% Despite Earnings Beat, Stronger Guidance
Cisco shares fell 8.4% after the networking giant posted a quarterly revenue beat and issued guidance that topped analyst estimates, but Wall Street read the outlook as too cautious.
S&P 500 Profit Margins Hit Record 16.9%
S&P 500 companies posted a record 16.9% net profit margin in Q2 — the highest since FactSet began tracking in 2009 — with margin gains spanning eight of eleven sectors.
S&P 500 Hits Record on Soft Inflation Data
Soft inflation data propelled the S&P 500 to a record close and the Nasdaq higher, with coverage across Yahoo Finance, CNBC, and the WSJ all attributing the rally to easing rate-hike concerns.
Workday Surges 18% on Silver Lake Takeover Report
Workday shares jumped more than 18% on a Reuters report that private equity firm Silver Lake is in talks to acquire the HR software maker, briefly pushing its market cap above $50 billion and triggeri
Crypto Group Backs Custodia in Supreme Court Fed Fight
Blockchain Association filed a Supreme Court brief backing Custodia Bank's petition challenging its 2023 denial of a Federal Reserve master account, as multiple crypto firms have secured or applied fo
Sandisk Stock Jumps On Bullish Outlook, Leads Memory Names Higher - Investor's Business Daily
Sandisk's stock surged after the memory company unveiled bullish long-term targets, forecasting mid-to-high-teens annual revenue growth through 2030 and defying broader concerns about a memory market
Sandisk Stock Jumps on Bullish Investor Day
Sandisk hosted its 2026 Investor Day, unveiling a long-term financial model and bullish outlook that sent shares soaring and lifted memory-sector peers.
Wholesale price inflation slows last month as gas, food costs fall - AP News
US wholesale prices came in flat in July, undershooting the 0.2% rise analysts expected, as falling gasoline and food costs pulled the headline Producer Price Index lower.
SpaceX Stock Rebounds 40% Past First Lockup Expiry Test
SpaceX shares surged past their first major insider lockup expiry with a $500 billion valuation recovery, rebounding more than 40% off lows as short sellers scrambled to cover positions.
Swissquote cuts full-year guidance as 1H crypto income plunges, shares slide
Swissquote cut its full-year revenue and profit forecasts after first-half net crypto income plunged 66.2% to 14.6 million francs, as crypto trading volumes also dropped 63.5%, sending shares down 14%
Wholesale prices were flat in July, below expectations for 0.2% increase
The Bureau of Labor Statistics reported the producer price index was unchanged in July, coming in below the 0.2% Dow Jones consensus estimate.
Cisco Stock Drops Up to 8% on Margin Concerns
Cisco's stock slid as much as 8% after its latest earnings, as margin concerns outweighed an earnings beat and stronger-than-expected guidance.
S&P 500 Hits Record on Cool PPI; Cisco, Cerebras Dive
U.S. equities rallied on a cool July inflation reading — the Dow climbed ahead of the report and the S&P 500 hit a record — while Cisco and AI chipmaker Cerebras plunged on disappointing earnings.
Bitcoin holds steady near $64,000 as monero, hyperliquid outperform
Bitcoin traded in a tight range near $64,000 after an in-line U.S. July CPI print of 3.4% failed to give markets a decisive catalyst, with Monero and Hyperliquid leading altcoin outperformance amid mu
Kospi Back in Bull Market as Chip Stocks Lead Rebound
South Korea's Kospi has surged more than 20% from its July low to re-enter bull-market territory, fueled by rebounding semiconductor giants as AI infrastructure spending optimism restores confidence i
Get the Finance newsletter
Curated finance stories, every morning. Free.
No spam. Unsubscribe anytime.