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Finance News — Page 226
SpaceX stock drops for second day, falls below Amazon
SpaceX shares fell 3.57% on Thursday, closing with a $2.43 trillion market cap that slipped below Amazon after the stock's post-IPO rally cooled.
Retirement savers may own SpaceX — or soon will — and not even know it
SpaceX stock is quietly entering retirement portfolios through active mutual funds and upcoming index inclusions, meaning most 401(k) savers already own or will soon own shares of the recently public
California's IPO Tax Windfall Faces Major Hurdles
California is counting on SpaceX, OpenAI, and Anthropic IPOs to deliver a tax windfall, but new compensation structures and tax-avoidance tools mean the revenue will likely trail the $1.3 billion Face
Here are 5 wild stats from SpaceX's first week on the Nasdaq
SpaceX's record-breaking $75 billion IPO made Elon Musk the world's first trillionaire and sent trading volumes soaring past major ETFs in its first days on the Nasdaq, though critics flagged governan
Wealthsimple launches Kalshi-powered prediction market
Wealthsimple will roll out a standalone app this summer that routes Canadian users into Kalshi's CFTC-regulated prediction market, offering roughly 4,000 event contracts under categories approved by C
The great rotation: Investors desert the Magnificent 7, crypto for AI bottlenecks
Capital is rotating from Magnificent 7 tech stocks and bitcoin into the chipmakers, memory producers, and SpaceX-linked companies supplying AI's physical infrastructure, as hyperscalers' massive AI sp
Here are the odds of SpaceX becoming the world's most valuable company
SpaceX debuted in public markets at a $2.6 trillion valuation — fifth place globally and neck-and-neck with Amazon — and options traders are giving roughly coin-flip odds that it climbs to second behi
Crypto market positioning is 'defensive and thin' after Fed, Marex analysts say
Crypto markets turned defensive after Fed Chair Kevin Warsh signaled the central bank is more worried about inflation than growth, triggering $440 million in long liquidations and a shift to bearish d
SNB keeps rates at 0%, readies FX intervention on franc
The Swiss National Bank held its policy rate at 0% and warned it stands ready to intervene in currency markets if geopolitical-driven safe-haven demand pushes the franc sharply higher.
Grayscale values AAVE at $175 using TradFi models
Grayscale has applied traditional finance valuation models to AAVE, projecting a $175 value, while peer CoinShares has used comparable methods to value HYPE and ETH under long-term base cases.
Dolly Khanna Wins: ITAT Upholds ₹54 Cr Capital Loss
The Income Tax Appellate Tribunal has ruled in favor of noted investor Dolly Khanna, rejecting the tax department's attempt to reclassify her ₹54.23 crore short-term capital loss from share sales as a
Treasury Yield Curve Flattens, Pressuring Bitcoin
The U.S. Treasury yield curve has flattened to its tightest spread since April 2025, with the Fed's own dot plot now projecting higher rates through 2028 — a reversal that makes fixed-income more attr
Florida Man Pleads Guilty in $1.8B HyperFund Crypto
Florida resident Rodney 'Bitcoin Rodney' Burton pleaded guilty to federal conspiracy charges for promoting the $1.8 billion HyperFund crypto fraud, which promised investors daily passive returns from
Live markets: DXY Index breaks higher as bitcoin tries to weather stronger dollar
The U.S. Dollar Index climbed to 100.7 — a one-year high and a breakout from its 96-100 range — after new Federal Reserve Chair Kevin Warsh's hawkish debut FOMC meeting, with bitcoin and gold holding
Warsh's Hawkish Fed Debut Yields Mixed Treasury
Newly installed Fed Chair Kevin Warsh held his first Federal Reserve meeting, with outlets highlighting his hawkish tone, a mixed Treasury yield reaction, and his stated intent to listen to markets mo
Kentucky Sues Kalshi, Polymarket Over Sports Contracts
Kentucky AG Russell Coleman sued prediction market platforms Kalshi, Polymarket, Coinbase, Robinhood, and Webull, accusing them of running unlicensed sportsbooks — putting the state at odds with the T
Tether Shuts Down Gold-Backed aUSDT After Two Years
Tether is discontinuing its gold-backed, overcollateralized aUSDT stablecoin and the Alloy platform after just two years, redirecting resources toward higher-demand products like XAUT and newer ventur
Gaming Groups Seek Ban on Prediction Markets Betting
Gaming industry groups are lobbying Congress to strip sports-event contracts from prediction markets by amending the CLARITY Act, arguing the CFTC was never built to regulate wagering as states report
The market didn't like what it heard from the Fed and its new leader Kevin Warsh
Federal Reserve kept interest rates unchanged at Chair Kevin Warsh's first FOMC meeting, but a hawkish dot plot projecting higher 2026 rates sent the S&P 500 down 1.2% and pushed the 10-year Treasury
Toms Capital Targets Devon Energy Over Asset Sales
Activist investor Toms Capital is pushing Devon Energy to either accelerate asset sales or pursue a full sale, with multiple outlets reporting the campaign comes after a landmark merger.
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