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Finance News — Page 246

SpaceX Mega-IPO Sends KOSPI, Nasdaq Reeling

SpaceX Mega-IPO Sends KOSPI, Nasdaq Reeling

As SpaceX's record IPO approaches, aggressive fund rebalancing by global institutions ahead of the listing has triggered sharp declines in the KOSPI and Nasdaq, while Korean retail and institutional m

SkimNews · 4mo ago
Broadcom, Palo Alto, CrowdStrike tumble after jobs data

Broadcom, Palo Alto, CrowdStrike tumble after jobs data

A strong jobs report and disappointing earnings from AI‑linked chip makers sparked a sharp sell‑off on Friday, wiping out the week’s record highs. The S&P 500 fell 2.6% and the Nasdaq 4.2%, while Broa

CNBC · 4mo ago
Sharma's VC‑style framework targets fallen‑angel stocks

Sharma's VC‑style framework targets fallen‑angel stocks

At a Mint ExtraClass session, Shankar Sharma outlined a venture‑capital‑style framework for retail investors, urging them to hunt neglected “fallen‑angel” stocks, use a weight‑to‑sales ratio to spot d

Mint · 4mo ago
A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin

A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin

James Wo, founder of crypto firm DFG, argues Bitcoin has achieved institutional consensus and safe‑haven status that Ethereum cannot match. He dismisses Tom Lee’s $250,000 Ether prediction, cites Laye

CoinDesk · 4mo ago
HYPE ETFs Pull $150M as Bitcoin ETFs Fall 16%

HYPE ETFs Pull $150M as Bitcoin ETFs Fall 16%

New HYPE exchange‑traded funds have amassed roughly $150 million and are seeing net inflows, drawing investors to Hyperliquid’s fee‑back token model even as Bitcoin ETFs lose about 16 % of assets.

CNBC · 4mo ago
SpaceX IPO: how can I buy shares, and what are the risks?

SpaceX IPO: how can I buy shares, and what are the risks?

SpaceX will list its shares on the Nasdaq, with the official price to be determined on 11 June based on investor demand. Retail investors can apply through UK brokers AJ Bell and Hargreaves Lansdown a

The Guardian Science · 4mo ago
Wall Street's 'fear gauge' punches back as the 'crash up' in chip stocks finally reverses

Wall Street's 'fear gauge' punches back as the 'crash up' in chip stocks finally reverses

After a two‑month, 80 % semiconductor rally added roughly $500 billion to the Nasdaq 100, the sector reversed on Friday, with the VanEck Semiconductor ETF falling nearly 10 %. The VIX jumped to its bi

CNBC · 4mo ago
Stablecoin Data: No Crypto Cash-Out for SpaceX IPO

Stablecoin Data: No Crypto Cash-Out for SpaceX IPO

On-chain and stablecoin data show no abnormal cashing out of crypto during the SpaceX IPO week, undercutting speculation that retail traders sold bitcoin to buy shares in the $1.8 trillion offering.

CoinDesk · 4mo ago
Bitcoin Rebounds Past $61K After $1.6B Liquidation Rout

Bitcoin Rebounds Past $61K After $1.6B Liquidation Rout

Bitcoin rebounded above $61,000 in Asian trading Saturday after briefly slipping below $60,000 overnight, steadying after a strong U.S. jobs report triggered a broad risk-asset selloff that wiped out

CoinDesk · 4mo ago
S&P 500 Rejects SpaceX Fast-Track, Blocks OpenAI and Anthropic

S&P 500 Rejects SpaceX Fast-Track, Blocks OpenAI and Anthropic

S&P Dow Jones Indices rejected SpaceX's bid for fast-track entry into the S&P 500, leaving all profitability and float requirements intact and blocking a similar fast lane for OpenAI and Anthropic aft

Hacker News · 4mo ago
Nasdaq Falls 4.2% as Chip Stocks Plunge

Nasdaq Falls 4.2% as Chip Stocks Plunge

The Nasdaq dropped 4.2% on Friday, its steepest decline in 14 months, as a surge in bond yields sparked a sell‑off across chip makers that underlie the AI economy.

Google News Business · 4mo ago
Bitcoin cracks $60,000, sinking to lowest level since October 2024

Bitcoin cracks $60,000, sinking to lowest level since October 2024

Bitcoin fell to $59,099, its lowest level since October 2024, after a small sale by Michael Saylor’s firm Strategy and a stronger‑than‑expected May jobs report that lifted Treasury yields. The drop er

CNBC · 4mo ago
Nasdaq Drops 4% as Tech Stocks Plummet, Fed Rate Odds

Nasdaq Drops 4% as Tech Stocks Plummet, Fed Rate Odds

U.S. equities tumbled Friday as the Nasdaq plunged 4.1%, dragging down the S&P 500 and Dow amid a tech sell‑off and rising expectations of higher Fed rates.

Google News Business · 4mo ago
Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K

Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K

Strategy’s shares fell to a four‑month low, closing near $120 after a near‑7% drop, while its flagship preferred stock STRC slipped to $93. The firm disclosed a sale of 32 Bitcoin for $2.5 million, le

Decrypt · 4mo ago
Chip Stocks Shed $1.3 Trillion in Broadcom Selloff

Chip Stocks Shed $1.3 Trillion in Broadcom Selloff

A Broadcom earnings miss triggered a brutal chip-sector selloff that wiped out roughly $1.3 trillion in market value in a single session, with the PHLX semiconductor index posting its worst one-day dr

Google News Business · 4mo ago
May Jobs Blowout Tilts Fed Hawkish as Warsh Takes Helm

May Jobs Blowout Tilts Fed Hawkish as Warsh Takes Helm

A stronger-than-expected May U.S. jobs report showing 172,000 net gains is pushing the Federal Reserve toward a hawkish stance, putting new Chair Kevin Warsh at odds with President Trump's rate-cut ex

Google News Business · 4mo ago
Semiconductor Stocks Shed $1.4 Trillion in Rout

Semiconductor Stocks Shed $1.4 Trillion in Rout

Semiconductor stocks suffered their worst session since April 2025, erasing roughly $1.4 trillion in market value as the AI-driven chip trade buckled. Nvidia alone shed nearly $330 billion, and the Ph

Google News Business · 4mo ago
As AI-related stocks dive, the market's winners have one thing in common

As AI-related stocks dive, the market's winners have one thing in common

AI-related technology and AI infrastructure stocks plunged on Friday, pulling the Nasdaq down about 3%—its worst day since October. The broader market also fell, with the S&P 500 down roughly 2%, whil

CNBC · 4mo ago
Bitcoin Drops Under $60,000—A First Since Late 2024 - Forbes

Bitcoin Drops Under $60,000—A First Since Late 2024 - Forbes

Bitcoin slipped below $60,000, its lowest level since October 2024. The decline prompted investors to turn toward AI stocks and large‑cap IPOs, and Reuters noted the crash could have a surprisingly po

Google News Business · 4mo ago
Tech Tumbles as Blowout Jobs Report Spoils AI Rally

Tech Tumbles as Blowout Jobs Report Spoils AI Rally

Tech and momentum stocks sold off sharply after a blowout May jobs report sent Treasury yields higher and cut the implied odds of a rate cut, with Broadcom's disappointing earnings from the prior even

Google News Business · 4mo ago

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