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Finance News Summary Today — Page 59
Stock market, bitcoin, oil prices and economic news — daily finance summary
Dow Futures Rise as Major Indexes Hit Record Highs
Dow futures climbed on the final trading day of May, while the U.S. market posted fresh record highs across its major indexes, including the S&P 500. Oil prices slipped on optimism about a new peace d
Kospi and Topix Hit Record Highs as Iran Tensions Fade
Asian equity markets surged to fresh peaks on Friday, with South Korea’s Kospi soaring over 3% and Japan’s Topix breaking its all‑time high, even as Iran ramped up missile activity near the Strait of
ECB Faces Hike Dilemma as Markets Expect June Hike
The ECB is walking a tightrope between curbing inflation and avoiding a recession in a sluggish euro‑zone. Markets already price in a June 25‑bp hike and a possible September hike, while about a quart
Bitcoin, ether little-changed despite record stocks, falling oil and easing war fears
Bitcoin and other leading cryptocurrencies slipped about 6% last week, even as global equities hit record highs and oil prices fell after a tentative US‑Iran ceasefire extension. With the deal still a
Bitcoin under $74K as $9B options expiry favors bears
After a brief rally that lifted Bitcoin to $76,000 amid Iran‑related news and a Trump‑brokered ceasefire, the cryptocurrency is now trapped below $74,000 as bearish options traders dominate the $9 bil
Futures: Dell Surges, Leads Earnings Movers - Investor's Business Daily
Futures trading shows Dell’s shares jumping the most, pulling the tech sector ahead as the S&P 500 and Nasdaq climb to fresh record levels. The rally is fueled by optimism over a prospective U.S.–Iran
Gemini launches Grok-powered AI prediction feeds
Gemini is bolstering its crypto platform by integrating SpaceXAI’s Grok AI to power personalized prediction‑market feeds, a move echoed by The Block’s coverage. The integration follows Gemini’s Q1 ear
Okta Beats Estimates, Shares Rise on AI‑Agent
Okta posted Q1 FY2027 revenue of $765 million (up 11% YoY) and adjusted earnings of $0.91 per share, both topping analyst forecasts. The results sparked a share price rise and the company highlighted
Calamos bets protected Bitcoin ETFs can outlast crypto market swings
Calamos’ protected Bitcoin ETFs are attracting fresh capital—$10‑$15 million in recent inflows—while spot Bitcoin ETFs shed over $1 billion. The firm’s three‑tiered products use Treasury buffers and B
Costco Reports Record Gas Sales Amid Rising Fuel Prices
After weeks of headlines on Trump's Middle‑East moves and Google's AI expansion, the news cycle now turns to Costco, which logged record‑high gasoline sales as consumers chase cheaper fuel amid the wa
Morning Minute: Crypto Majors Slide on Iran Escalations, ETF Outflows
Bitcoin, which hovered near $76,000 after earlier Iran‑related tensions, fell below $73,000 as renewed Iranian escalations and a $1 billion‑plus outflow from spot ETFs pressured the market. While cryp
FalconX Files Confidential IPO Paperwork, Hires Cantor
Crypto prime broker FalconX has confidentially filed a draft S-1 with the SEC and hired Cantor to advise on a potential IPO, though the listing is not expected until year's end given current market co
Family Offices Shift 60% to Markets, Cut U.S. Exposure
Geopolitical strains—from Iran’s Hormuz closures to China‑Japan tensions and tight U.S. energy supplies—are prompting the world’s wealthiest families to rethink exposure. A UBS survey shows 60% of fam
Consumer resilience helped boost bank profits despite trade uncertainty, CEOs say
Canada’s major banks posted stronger‑than‑expected second‑quarter earnings, crediting resilient consumers and businesses despite trade‑related headwinds. CEOs highlighted the impact of U.S. Section 23
Bitcoin Whales Are Pulling Back as Activity 'Mirrors' 2022 Bear Market: Analysts
CryptoQuant’s latest data shows that both whales and dolphins have stopped adding Bitcoin, a pattern that mirrors the 2022 bear market. Meanwhile, long‑term holders now control a record 15.8 million B
Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million
A 45% flash crash on Hyperliquid’s synthetic SpaceX perpetual contract erased $1.5 million across 405 retail investors in just half an hour. The thin, leveraged market—built on a private‑company valua
Google Engineer Charged Over $2.75 Million in Alleged Polymarket Insider Trading Bets
Google’s recent AI rollout has drawn attention, but a new scandal puts the company under legal scrutiny: software engineer Spagnuolo is accused of exploiting confidential search data to wager $2.75 mi
Bank of Canada Warns Geopolitical, Trade, AI Risks
Amid tight U.S. energy supplies and an expanding NFL global schedule, the Bank of Canada warns that geopolitical tensions, shifting U.S. trade policy, and AI‑driven cyber threats could test the resili
AI Has Caused a Software Winter for Markets. Snowflake’s Success Won’t End It. - Barron's
Snowflake’s stock exploded 36% as investors chased AI‑driven hype, while the company locked in a $6 billion chip partnership with Amazon to power its next‑gen cloud services. Barron’s analysis warns t
RBC tops profit expectations on capital markets boost and lower provisions for sour loans
Royal Bank of Canada smashed Q2 expectations, posting a 25% profit jump to $5.5 billion and adjusted earnings of $3.90 per share, driven by a 23% surge in capital‑markets revenue. The bank also trimme
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