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Finance News — Page 242
S&P, Nasdaq Slide as Chip Rally Fades; Oil Drops 3% on Iran Hopes
U.S. stocks ended mixed on June 9, 2026, with the S&P 500 and Nasdaq sliding as a one-day chip rally lost steam and oil plunged 3.4% on optimism a U.S.-Iran deal could reopen the Strait of Hormuz with
Strategy's bitcoin purchase fails to stir BTC price
Bitcoin hovered near $62,600 with little reaction after Strategy bought 1,550 BTC for $101 million, as risk-averse traders awaited U.S. inflation data and next week's Fed meeting.
S&P 500, Nasdaq Rise on Chip Rebound, War Deal Hopes
U.S. stock futures climbed as a chip stock rebound and hopes for a war deal lifted the S&P 500 and Nasdaq, while the Dow slipped in the opposite direction.
OpenAI files SEC paperwork for future IPO
OpenAI has confidentially filed with the SEC to pursue an initial public offering, signaling its intent to raise billions of dollars despite ongoing massive compute costs and a valuation near $852 bil
Bitcoin Rebounds as $162M Bid Liquidity Signals
Bitcoin's price has stabilized near $63,300 with a modest rebound, but $162 million in bid liquidity clustered between $57,000 and $59,000 points to lingering downside risk as leverage cools and trade
Live updates: Bitcoin drops to $62,600 as some traders peg SpaceX's IPO as 'next catalyst'
Applied Digital shares jumped 11% after landing a 15-year, $5.2 billion AI data center lease with an unnamed U.S. hyperscaler for 210 MW of capacity.
Asian Chip Stocks Rebound Amid OpenAI IPO Filing
Asian tech shares rebounded Tuesday as investors returned to AI-linked stocks, tracking gains in U.S. chipmakers and anticipating major upcoming IPOs from SpaceX, OpenAI, and Anthropic.
BofA: S&P 500 Is a Big Tech Bet Gone Too Far
Bank of America warns that the S&P 500's performance is overly reliant on Big Tech, signaling a potential shift in market dynamics as that rally loses momentum.
Jim Cramer Warns Bull Market Risks Mount
Jim Cramer has turned significantly more cautious on the stock market, citing fading hopes for Fed rate cuts, Apple's weakness, the SpaceX IPO, and massive AI fundraising as growing risks.
OpenAI Files Confidential IPO Paperwork
OpenAI has confidentially filed draft IPO paperwork, positioning itself for a potential public market debut while maintaining focus on product development and retaining flexibility as the AI lab navig
Active tokenized RWAs surge almost 600% despite crypto pullback: Binance
Active tokenized real-world assets grew 589% from early 2025 to June 2026 even as Bitcoin and the broader crypto market sold off, with bonds, stocks, and precious metals all expanding, according to Bi
Bernstein Defends $150K Bitcoin Target Despite 27%
Bernstein defended its $150,000 Bitcoin price target despite a roughly 27% year-to-date decline in 2026, arguing that retail investors' flight to AI stocks signals institutional maturation rather than
Crypto F&O Tax Rules in India Unclear
India's tax treatment of cryptocurrency futures and options remains unclear, with experts divided on whether gains qualify as business income or fall under the virtual digital assets regime depending
SBF Files Pardon Bid Despite Trump Saying He Wouldn't
Jailed FTX founder Sam Bankman-Fried filed a formal pardon application with the Justice Department, seeking to have his 25-year fraud sentence forgiven upon completion — despite President Trump having
Fed's December Rate Cut Now Looks Like a Mistake
Six months after Jerome Powell shepherded a third consecutive rate cut through the FOMC, surging core inflation, an energy-driven 5.5% PCE spike, and a labor market that has rebounded to 114,000 jobs
Bitcoin $60K Support Pressure From Fed, Yen, Iran
Bitcoin hovers near the $60,000 support level, but analysts warn the price is at risk of breaking as macro pressures from Fed policy, a weak yen, and global geopolitical tensions intensify, shaking ma
Bithumb raided in lawmaker favoritism probe
South Korean police raided Bithumb amid a widening probe into alleged favoritism in hiring and political nominations, as the exchange faces regulatory penalties and legal challenges over compliance fa
Intesa offers €30.6bn for Monte dei Paschi di Siena
Intesa Sanpaolo launched a €30.6 billion unsolicited bid for Monte dei Paschi di Siena, sparking a bidding war with Banco BPM and prompting a modest share‑price swing for all three banks.
Bybit Launches Tokenized SpaceX IPO Access
Bybit opened tokenized access to SpaceX’s IPO via its xStocks platform for users in over 110 markets, while rules bar participants from the United States, Canada, Australia and the UK.
Foreign investors dump billions from Korean stocks
Foreign investors have sold billions of dollars in Korean equities this year, reversing a record AI‑driven rally and sparking concerns over the market’s durability.
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