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Chip Stocks Rebound After Global AI Selloff
Tech stocks staged a partial recovery on Wednesday after a global selloff the previous session wiped out chipmakers and AI-linked names, with Wedbush's Dan Ives arguing the selloff reflected profit-ta
MSCI Keeps South Korea Emerging, Delays Indonesia
MSCI kept South Korea classified as an emerging market in its latest review while extending its assessment of Indonesia's status to November, keeping alive the possibility that Jakarta could be downgr
VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Cboe launched its first prediction markets product — binary options on the Mini-S&P 500 — as the sector's combined monthly volume on Kalshi and Polymarket surged to roughly $24 billion from under $5 b
Alphabet Joins Dow, Replaces Verizon
Alphabet will join the Dow Jones Industrial Average on Monday, replacing Verizon and becoming the fifth 'Magnificent Seven' mega-cap tech stock in the 30-stock blue-chip index, even as the Google pare
Walmart-backed Flipkart expands quick-commerce push as Amazon ramps up in India
Flipkart's Minutes service has built 1,000 micro-fulfillment centers in under two years and plans to scale to 1,500 by end of 2026, positioning the Walmart-backed company as India's No. 2 quick-commer
$170M Ether longs liquidated as crypto market tumbles: Is ETH doomed?
Ether fell 5% on Tuesday, triggering $170 million in liquidations of bullish leveraged positions as negative funding rates, six weeks of ETF outflows, and Ethereum Foundation layoffs deepened the sell
Cerebras falls 10% on shrinking margin forecast
Cerebras shares dropped 10% in extended trading after the AI chipmaker's first quarterly report since its IPO showed nearly doubled revenue but guided to shrinking gross margins.
FedEx posts strong earnings results in last quarter with freight business
FedEx posted better-than-expected Q4 results in the final quarter including its freight business, which has now spun off as a separate public company, while shares dipped 6% in extended trading.
Micron Drops 13% in Worst Day in Over a Year
Micron shares plunged 13% on Tuesday, the steepest single-day drop in more than a year, as the chipmaker headed into its third-quarter earnings report against a backdrop of surging data-center demand.
SpaceX Stock Slides Below $150 IPO Debut Price
SpaceX stock briefly dipped below its $150 June 12 market debut price in early Tuesday trading before recovering to close marginally higher, shedding roughly $400 billion in market cap from a recent p
Warsh Puts His Stamp on Atlanta Fed President Search
Kevin Warsh has taken direct control of the seven-month search for the next Atlanta Fed president, pausing the process inherited from Jerome Powell and weighing Michael Faulkender, a former Trump Trea
Fortitude Gets Nasdaq Listing via HeartSciences Merger
Zcash miner Fortitude Mining Holdings is merging with medical technology company HeartSciences in an all-stock deal that will give Fortitude a Nasdaq listing under the ticker TUDE, sending HeartScienc
CFTC Chair: Crypto Perps Unsuitable for Agriculture
CFTC Chair Michael Selig told cotton industry executives that 24/7 perpetual futures contracts don't suit traditional agricultural commodities, even as the agency continues greenlighting such products
SpaceX stock dips below $150 before rebounding - Yahoo Finance
SpaceX stock plunged below $150 and saw roughly $400 billion erased in a post-IPO sell-off that coincided with a Fed-driven global market rout.
SpaceX Rout Pushes Valuation Below $2 Trillion
SpaceX shares are under pressure in their second week of public trading, with a rout poised to push the company's market capitalization below the $2 trillion mark even as analysts highlight its AI dis
SOXS options volume triples on chip sector 7% pullback
Options traders piled into the triple-levered inverse semiconductor ETF SOXS on Tuesday, driving options volume to more than triple its daily average as the chip sector pulled back nearly 7% from all-
Bitcoin Drops to Two-Week Low at $62K as Tech Stocks
Bitcoin fell to a two-week low of $62,000, down 4% in 24 hours, as crypto tracked a broader risk-off move in tech stocks amid growing expectations of Federal Reserve rate hikes.
Nasdaq Drops 2.5% as AI Bubble Fears Slam Memory Chips
Tech stocks led by memory chip and data storage names tumbled Tuesday as renewed AI bubble fears dragged the Nasdaq down 2.5% and the S&P 500 about 1%, with South Korea's KOSPI plunging 10% overnight.
Macklem: No Evidence Inflation Spread Beyond Oil Shock
Bank of Canada Governor Tiff Macklem said Canada's 3.2% May inflation is an oil-price shock with no evidence of broader price pressures, while warning in Paris that global capital imbalances risk a de
Warsh's Hawkish Fed Pummels Asian Currencies
Kevin Warsh's hawkish turn as Federal Reserve chair is sending the dollar surging across Asia, hammering the yen, rupiah and rupee as governments from Tokyo to Jakarta scramble to defend their currenc
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