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Fed holds rates steady, strips cut bias under Warsh
The Federal Reserve held rates steady at 3.5%-3.75% in Chair Kevin Warsh's first meeting, stripping language pointing to future cuts and signaling a possible 2026 rate hike as inflation forecasts jump
Fed Holds Rates Steady in Warsh's First Meeting
The Federal Reserve held interest rates steady Wednesday at new Chairman Kevin Warsh's first meeting, as inflation hit a three-year high and rising energy costs signaled potential longer-term price pr
SpaceX Falls 4.95% in First Losing Day Since IPO
SpaceX shares dropped 4.95% on Wednesday—its first losing day since Friday's IPO—after briefly surpassing Microsoft to become the fourth-largest U.S. company by valuation at a $2.66 trillion market ca
2-year Treasury yield rockets higher as many Fed officials signal possible hike this year
Treasury yields surged Wednesday after Kevin Warsh's first FOMC meeting as Fed Chair produced a more hawkish dot-plot and removed prior easing language, with the median 2026 Fed Funds Rate projection
CarMax Drops 9% as Margins Slip Despite Earnings Beat
CarMax beat Q1 earnings expectations but shares dropped 9% as margin compression and declining per-unit profits overshadowed the beat, with new CEO Keith Barr unveiling a multi-year turnaround strateg
Coinbase-Backed Crypto Perps Exchange Satori Finance Is Shutting Down
Satori Finance, a decentralized perpetual futures exchange backed by Coinbase Ventures and Jump Capital, is winding down by mid-July after a prolonged crypto downturn made continuing operations financ
US Federal Reserve holds rates steady under new chair Warsh
The US Federal Reserve unanimously held interest rates at 3.5-3.75% in new chair Kevin Warsh's first policy meeting, citing inflation at a three-year high of 4.2% driven by surging energy costs from t
Dow rises to record as oil ticks higher, traders await Fed rate decision: Live updates - CNBC
Dow rises to record as oil ticks higher, traders await Fed rate decision: Live updates CNBCStock market today: Dow rise...
BitGo stock surges on $50 million share buyback as value languishes 65% below IPO price
BitGo's shares jumped as much as 20% on Wednesday after the crypto custody firm announced a $50 million stock buyback program, though the equity remains roughly 65% below its January IPO price.
Benchmark Sets $270 Target on Coinbase After Product
Benchmark-StoneX reiterated a $270 price target on Coinbase, roughly 60% above current levels, after the exchange unveiled tokenized equities, options trading, and consumer finance products at a showc
Real Estate Agents Flee Amid Four-Year Sales Slump
Thousands of real estate agents are exiting the industry or taking second jobs after four years of low sales, high professional fees, and a market downturn that has left some realtors unable to close
'Passive' investors who dodged bitcoin are now forced to own SpaceX, which is three times more volatile
SpaceX, with a $2.7 trillion market cap and implied volatility three times that of the iShares bitcoin ETF, will be forced into major indexes this summer, making it the only trillion-dollar-plus money
SpaceX's $2.6 trillion market cap nearly double that of bitcoin
SpaceX's market cap has roughly doubled bitcoin's entire market value just eight days after its IPO, with the rocket company's AI ambitions pulling risk capital away from crypto.
BMW Tumbles to 5-Year Low on Iran War, China Slowdown
BMW shares tumbled to a five-year low after the German carmaker cut its 2026 pre-tax profit outlook, blaming weaker Chinese demand and elevated energy costs from the Iran war, dragging rivals Volkswag
Fed Holds Rates Under Warsh, Signals Hawkish Pivot
The Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh's first meeting as chair, with the policy statement likely dropping language suggesting future cuts amid stick
Bitcoin trader warns of 'bearish reaction' to FOMC with $64K now essential
Bitcoin slipped below $65,000 as traders braced for Kevin Warsh's first FOMC meeting as Fed Chair, with one trader calling $64,000 the line that separates a hold from a retest of $60,000 lows.
China CSRC Cracks Down on AI Stock Speculation
China's securities regulator warned it will crack down on speculation driving the AI-linked stock rally, pledging to punish market manipulation tied to technology themes and to issue new guidance on A
Live markets: Markets turn their focus to the Fed as oil returns to pre-war levels
Bitcoin's risk-adjusted return has plunged to -20, matching levels that marked every bear-market bottom of the past decade, as on-chain accumulation signals stack up ahead of Kevin Warsh's first FOMC
SpaceX Tops Amazon at $2.66T, Buys Cursor for $60B
SpaceX surged past Amazon to become the fifth-largest U.S. company by market cap at $2.659 trillion, then immediately put its freshly minted paper wealth to work with a $60 billion all-stock acquisiti
Warsh Expected to Withhold Dot From Fed Rate Forecast
New Fed Chair Kevin Warsh is widely expected to withhold his individual rate forecast from the FOMC's quarterly dot plot at Wednesday's meeting, breaking 14 years of post-crisis practice and testing h
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