Finance·7,623 stories
Finance News — Page 215
Tech Drags Nasdaq Down 0.43% as Oil Slide Lifts Airlines
Tech stocks dragged the Nasdaq down 0.43% on Wednesday as valuation jitters, Fed rate-hike fears, and OpenAI's new in-house AI chip punished chipmakers, while falling oil prices boosted airlines and h
Micron stock jumps 15% as revenue more than quadruples
Micron's fiscal Q3 revenue more than quadrupled year-over-year to $41.46 billion on AI-driven memory demand, beating estimates and sending shares up 15% in extended trading.
JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
JPMorgan Chase, Goldman Sachs, Morgan Stanley, and Wells Fargo announced billions in buybacks and double-digit dividend increases after the Federal Reserve's annual stress test showed all 32 large ban
Bank of Canada policy-makers agree to keep monetary policy nimble amid U.S. trade restrictions, high energy prices
The Bank of Canada held its policy rate at 2.25% and pledged to keep monetary policy "nimble" to respond to U.S. trade restrictions and energy-price shocks, per minutes from its June 10 meeting that h
Cerebras Stock Plunges 20% As CEO Blames
Cerebras Systems shares fell nearly 20% after the AI chipmaker's first post-IPO earnings report, with CEO Andrew Feldman blaming a "misunderstood" margin forecast while analysts at Mizuho and Wedbush
Tech Rout Deepens, Oil Crashes as Hormuz Reopens
US stocks diverged on Wednesday as the Dow edged higher while the S&P 500 and Nasdaq fell on continued AI-linked selling, and oil prices plunged to their lowest since the start of the US-Iran war as t
US Stocks Rise as Oil Drops to Prewar Levels
US stocks edged higher as falling oil prices, which dropped to prewar levels, eased pressure on the market following a two-day tech slide, with the Dow gaining 100 points and the Nasdaq and S&P 500 in
Bitcoin falls back under $60,000, hitting its lowest level since October 2024
Bitcoin slid below $60,000 for the third time this year, hitting its lowest level since October 2024 as an eight-month bear market deepens amid rotating capital and persistent inflation concerns.
S&P 500 Flat as Chips Slide Before Micron Earnings
The S&P 500 was little changed as semiconductor stocks sold off ahead of Micron's upcoming earnings, with oil prices tumbling and renewed AI-sector jitters dragging on the broader market.
Elon Musk loses trillionaire status as global tech rout hits SpaceX
Elon Musk lost his trillionaire status less than two weeks after becoming the first person to reach it, as a 30% SpaceX share plunge wiped $240 billion from his fortune in a single day amid a broader
SOXX Put Volume Spikes 1.5x as Chip Rally Shows Cracks
Options traders piled into puts on the iShares Semiconductor ETF (SOXX) on Tuesday, with volume running 1.5x the 20-day average, as the sector's 300% rally from 2025 lows shows signs of strain.
Micron Options Price In 13% Post-Earnings Swing
Micron Technology (MU) options traders braced for a massive post-earnings swing after the chipmaker's shares fell about 13% on Tuesday, with near-the-money straddles implying a possible range of $920
Bessent sees GDP growth booming again this year. Kalshi traders see little chance of that
Treasury Secretary Scott Bessent projects U.S. GDP growth can reach 3% by year-end, citing a strong underlying economy and confidence in new Fed Chair Kevin Warsh, but Kalshi prediction market traders
Micron earnings are set to send the market on a wild ride — and a new ETF may add to the volatility
A new 2x leveraged ETF targeting Micron's volatility launched the same day the $1.2 trillion chipmaker is set to report earnings, adding mechanical rebalancing flows to what traders already expect to
Tech Sell-Off Batters Chip Names on AI Worries
Tech stocks retreated on concerns over AI spending and valuations, with a global AI sell-off battering chip names while broader-market coverage split between a rebound and continued losses.
Wendy's Stock Surges 35% on WallStreetBets Meme Rally
Wendy's shares surged 35% in a single session after Reddit's WallStreetBets community urged retail investors to buy the struggling fast-food chain, reviving a classic meme-stock playbook.
Elon Musk’s SpaceX Adds Billions in Debt While Cutting Interest Costs - Bloomberg
SpaceX is tapping debt markets for $20–$25 billion less than two weeks after its $86 billion IPO, pitching investors attractive yields while reducing interest costs.
Bessent Backs Warsh's Push to Kill the Fed Dot Plot
Treasury Secretary Scott Bessent publicly backed Fed Chair Kevin Warsh's push to scrap forward guidance and the quarterly dot plot, while urging the central bank to weigh Iran-driven energy volatility
Musk Loses Trillionaire Status as SpaceX Stock Stumbles
Elon Musk lost his trillionaire status as SpaceX's stock stumbled in early post-IPO trading, dipping below $150 before partially rebounding amid what outlets called a 'wild ride' for the newly public
Cerebras Falls 10% on First Post-IPO Earnings
Cerebras reported soaring first-quarter revenue in its first earnings since going public, but shares dropped roughly 10% as the chipmaker forecast full-year negative margins.
Get the Finance newsletter
Curated finance stories, every morning. Free.
No spam. Unsubscribe anytime.