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Finance News — Page 241
SoftBank sinks 8.3% as Asia tech stocks track Wall
SoftBank plunged 8.3% and other Asian tech heavyweights tumbled Wednesday, tracking Wall Street losses as concerns over stretched AI valuations and a snag in SoftBank's $6 billion margin loan weighed
Bitcoin Drops 6.9% on Week as Rate Bets Hit Crypto, Gold
Bitcoin and gold fell together as traders positioned for higher interest rates ahead of Wednesday's U.S. inflation report, with crypto's prior bounce unwinding as a short squeeze rather than genuine d
Cramer warns tech losing scarcity as AI supply floods
Jim Cramer warned that the scarcity of high-quality tech stocks is collapsing as AI-related fundraising — including upcoming offerings from SpaceX, Anthropic, and OpenAI — threatens to flood the marke
Super Micro stock tumbles on $7 billion financing plans as company touts AI server orders
Super Micro Computer’s shares plunged 9 % after it disclosed a $7 billion financing plan to fund AI server component purchases, even as the firm reports $39 billion in new AI server orders.
Trump family got about $500M from crypto venture — but investors saw steep losses
The Trump family collected roughly $500 million from a crypto-token sale to Alt5 Sigma (now AI Financial Corp) in August 2025, while the company's stock collapsed 93% and now faces possible Nasdaq del
Kalshi rolls out employment checks to curb insider
Kalshi announced new insider-trading safeguards including mandatory employment verification for high-risk markets and 24/7 whistleblower tools, intensifying its compliance posture amid rising federal
Kalshi trading in 'perps' crosses $1 billion in volume within a week of launch
Kalshi’s newly launched crypto perpetual futures surged to $1 billion in notional trading volume within a week, the fastest growth in the platform’s history, after receiving CFTC approval and drawing
Apotex raising IPO size to $1.3-billion on strong investor demand, source says
Apotex Health Corp., Canada's largest drug manufacturer, is upsizing its IPO to $1.3-billion and pricing shares at $24 — the top of its range — citing strong investor demand for what will be Canada's
Wall Street Embraces Crypto as SpaceX Readies $1.7T IPO
Traditional financial firms are now racing to offer crypto to customers — a reversal from viewing digital assets as a threat — as a convergence of AI, stablecoins, tokenization, and 24/7 trading resha
SpaceX IPO $75B Fuels Debate on Starlink & AI
SpaceX’s record‑breaking $75 billion IPO sparks a deep dive into its future, with bullish forecasts of massive revenue from Starlink and AI compute, and bearish warnings about Starship risk, competiti
Bitcoin and Tech Diverging as Lekker CIO Warns on Both
Lekker Capital CIO Quinn Thompson is bearish on both bitcoin and tech stocks heading into summer, citing DAT concerns, Strategy's STRC preferred shares, quantum computing risks, and a looming wave of
Bitcoin's brutal sell-off sparks a flurry of trading in related stocks, including one big bullish bet
Bitcoin's plunge below $60,000 for the first time since October 2024 has triggered a flurry of options activity in crypto-linked stocks, with traders placing a $56M bearish bet on Strategy and a $21M
Parag Parikh Flexi Cap doubles IGL, MGL; adds ITC
India's largest active equity fund, Parag Parikh Flexi Cap (₹1.42 lakh crore), deepened existing positions in May without adding any new stock, more than doubling stakes in city gas distributors IGL a
Not Bitcoin or Ethereum: These were the most popular crypto tokens in May
Binance Research data shows altcoins led crypto in May, with Hyperliquid surging 81% while Bitcoin, Ethereum, and XRP all slipped into negative territory amid weakening sentiment and institutional sel
Oil prices fall as Trump tries to convince market an Iran deal is close despite recent violence
Oil prices slipped as President Trump insisted a Tehran agreement was imminent, even as recent Israeli‑Iran strikes briefly spiked markets and analysts noted hidden crude flows through the Strait of H
Bitcoin Rebounds to $62,000 as Nasdaq Recovers From 3%
Bitcoin recovered to $62,000 after nearly falling to $60,000 as the Nasdaq plunged more than 3% intraday before an afternoon rally narrowed the tech index's decline to 1% by the close.
Bitcoin's 50% Drawdown Marks Shallowest Bear Market Yet
Bitcoin’s 50% slide from its $126,080 peak marks the shallowest bear market in its history, yet analysts warn that ETF outflows, macro tightening and weak inflows keep the bottom out of reach.
Tech Tumbles, Oil Drops on Trump Iran Deal Hopes
U.S. stocks swung lower as oil prices fell on Trump's comment that an Iran deal could be reached in 'two or three days,' with the Dow and S&P 500 erasing early gains and tech stocks tumbling.
SBI Shinsei to launch crypto rewards for depositors
SBI Shinsei Bank is rolling out a crypto rewards program for depositors this fall while its securities arm readies BTC and ETH investment products, as the Japanese financial group pushes to embed cryp
SpaceX's stock market blast-off could be Musk's biggest gamble yet
SpaceX filed for an IPO at a $1.75 trillion valuation, with the price tag resting heavily on AI rather than rockets. Trading begins June 12; Musk retains 85% voting control on 42% ownership.
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