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Finance News — Page 36

Rockstar Energy founder builds Celsius stake, wants to take over as CEO

Rockstar Energy founder builds Celsius stake, wants to take over as CEO

Russ Savage, who founded Rockstar Energy and sold it to PepsiCo for over $4 billion in 2020, has acquired a roughly 4.7% stake in Celsius Holdings and is publicly demanding CEO John Fieldly's ouster.

CNBC · 16d ago
Here are three key takeaways from the disappointing July jobs report

Here are three key takeaways from the disappointing July jobs report

The July U.S. jobs report delivered contradictory signals—nonfarm payrolls unexpectedly fell 23,000 while unemployment dropped to 4.1%—leaving investors divided over whether the Federal Reserve will h

CNBC · 16d ago
Trump's Iran Deal Tease Pumps Stocks, No Deal Comes

Trump's Iran Deal Tease Pumps Stocks, No Deal Comes

Treasury Secretary Scott Bessent told CNBC a U.S.-Iran deal to reopen the Strait of Hormuz could come within hours, sending oil prices tumbling and stocks to record closes — only for Tehran to deny di

CNBC · 16d ago
A huge day and week for Corning as the S&P 500 approaches another record high

A huge day and week for Corning as the S&P 500 approaches another record high

Corning led portfolio gains with an ~18% weekly rally after the Trump Administration imposed a 15% tariff on imported polysilicon and AI infrastructure stocks continued their rebound, even as a weak J

CNBC · 16d ago
Airbnb stock surges 15% as Chesky pledges more AI spend

Airbnb stock surges 15% as Chesky pledges more AI spend

Airbnb shares jumped 15% after a strong quarterly beat and raised outlook, with CEO Brian Chesky crediting AI for sharper productivity and pledging to spend 'a lot more' on AI tokens this year.

CNBC · 16d ago
Bitcoin Still in Death Cross as Jobs Miss Cuts Rate-Hike Odds

Bitcoin Still in Death Cross as Jobs Miss Cuts Rate-Hike Odds

Bitcoin remains stuck below its key moving averages in a death cross formation, even as a much-weaker-than-expected July jobs report pushed September Fed rate-hike odds down to 40%.

Decrypt · 16d ago
Summer Jobs Report Undercuts Spring Labor Market Rebound

Summer Jobs Report Undercuts Spring Labor Market Rebound

The latest Bureau of Labor Statistics jobs data undercuts the spring labor market rebound, though Axios argues the headline figures overstate the weakness.

Axios · 16d ago
Bitcoin price tags $65.3K August high as low US jobs numbers cool Fed rate bets

Bitcoin price tags $65.3K August high as low US jobs numbers cool Fed rate bets

Bitcoin surged to $65,340 — an August high — after US July nonfarm payrolls unexpectedly shed 23,000 jobs, flipping Fed rate-hike odds for September into expectations of a pause and lifting the S&P 50

Cointelegraph · 16d ago
Doximity Surges 80% Premarket Despite Earnings Miss

Doximity Surges 80% Premarket Despite Earnings Miss

Doximity (DOCS) shares surged more than 80% in premarket trading Friday after the medical networking and telehealth platform missed analysts' earnings targets, with the article's headline pegging the

Google News Business · 16d ago
Sandisk Coverage Splits: Downside Warning vs. Upgrade

Sandisk Coverage Splits: Downside Warning vs. Upgrade

Coverage of Sandisk (NASDAQ:SNDK) is sharply divided across outlets, with one Seeking Alpha piece urging investors to "watch the downside" while another issues an upgrade saying the stock "won't be th

Google News Business · 16d ago
US Shed 23,000 Jobs in July; May-June Cut 103K

US Shed 23,000 Jobs in July; May-June Cut 103K

The U.S. economy unexpectedly shed 23,000 jobs in July while May and June payrolls were revised down by a combined 103,000, clouding the outlook for a Federal Reserve rate hike in September despite a

Google News Business · 16d ago
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Sandisk Drops 6.8% Despite Blowout Q4 Earnings

Sandisk shares fell 6.8% despite blowout fiscal Q4 2026 earnings that beat Wall Street estimates, as a slightly soft Q1 revenue guide disappointed investors even though management doubled down on a bu

Google News Business · 16d ago
Russia cracks down on 9 crypto exchanges in Moscow City

Russia cracks down on 9 crypto exchanges in Moscow City

Russia's FSB raided nine unregistered crypto exchanges at Moscow City, detaining more than 20 employees and alleging the platforms laundered phone-scam proceeds into cryptocurrency routed to Ukrainian

Cointelegraph · 16d ago
CEX perpetual futures volume falls to $4T, lowest since late 2023

CEX perpetual futures volume falls to $4T, lowest since late 2023

Perpetual futures trading volume on decentralized exchanges fell to $531 billion in July, a 21% month-over-month decline and the lowest level since June 2025, according to DefiLlama data.

Cointelegraph · 16d ago
Clarity Act stalls as SEC, Fed build crypto rules anyway

Clarity Act stalls as SEC, Fed build crypto rules anyway

The U.S. crypto Clarity Act missed its procedural Senate vote before the summer recess, pushing any path forward to September or year-end, while federal regulators continue advancing crypto rules thro

CoinDesk · 16d ago
Binance Bitcoin volume ratio hits record as futures outweigh spot eight times over

Binance Bitcoin volume ratio hits record as futures outweigh spot eight times over

Bitcoin futures trading volume on Binance has surged to nearly eight times spot volume, hitting a record ratio amid weakening spot demand and rangebound price action near $64,000.

Cointelegraph · 16d ago
CleanSpark misses Wall Street revenue estimates as shares sink

CleanSpark misses Wall Street revenue estimates as shares sink

CleanSpark's shares dropped 5.5% after the Bitcoin miner reported $138 million in quarterly revenue — a 30.5% year-over-year decline — and a $239 million net loss, narrowly missing Wall Street's $142.

Cointelegraph · 16d ago
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Treasury Yields Fall as Oil Drops, Jobs Data Looms

Treasury yields drifted lower across multiple outlets as traders positioned ahead of Friday's nonfarm payrolls report, with falling oil prices reducing wagers on further Federal Reserve rate hikes.

Google News Business · 16d ago
U.S. Lost 23,000 Jobs in July, Far Below 80,000 Expected

U.S. Lost 23,000 Jobs in July, Far Below 80,000 Expected

The U.S. economy unexpectedly shed 23,000 jobs in July — far below the 80,000 gain analysts expected — sending CME FedWatch odds of a September rate hike from 55% to 46% while bitcoin barely budged ne

CoinDesk · 16d ago
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Gold Hits Seven-Week High on Weak Jobs Data

Gold climbed to a seven-week high as weak U.S. jobs data weakened expectations for further rate hikes, with UBS, Reuters, and OilPrice.com all citing support for the rally from falling oil prices and

Google News Business · 16d ago

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