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Finance News Summary Today — Page 60
Stock market, bitcoin, oil prices and economic news — daily finance summary
Stock Market Today: Dow Slips, Oil Pares Gains as Investors Cling to Hope of Mideast Deal — Live Updates - WSJ
Investors rallied on news of a US‑Iran breakthrough, lifting the S&P 500 and Nasdaq while the Dow slipped and oil prices paused. The rally extends the S&P 500’s record‑high run and Nasdaq’s 12‑day win
CFTC bid to vacate order against Winklevoss' crypto exchange 'very unusual,' ex-agency chief says
The CFTC, now led by Trump appointee Michael Selig, has asked a New York court to vacate a 2025 consent order that slapped Gemini with a $5 million fine and an injunction. Former chair Tim Massad call
Mike Khouw: I was wrong about Zscaler. Here's how I'm managing the trade
Zscaler posted a revenue and EPS beat but warned of only 16.5% FY2027 growth, falling short of analyst forecasts and prompting the abrupt exit of two senior sales leaders. The weak outlook triggered a
Bitcoin pinned below $73,000 despite potential U.S.-Iran deal news
Bitcoin stayed under $73,000 even as a draft U.S.-Iran ceasefire agreement lifted stocks and bonds and pushed oil lower. While the Treasury warned against tolls in the Strait of Hormuz and inflation d
Nine Hidden Space Stocks Not Yet in SpaceX IPO Bubble
The article highlights that the broader space sector is experiencing heightened valuation pressure as investors eye the upcoming SpaceX IPO, yet nine lesser‑known firms remain outside this frothy mark
Wall Street muted as Fed gauge slows, Iran deal lifts
Investors kept Wall Street quiet after the Fed’s preferred inflation gauge slowed, while Middle‑East tensions kept risk appetite cautious. At the same time, optimism around a prospective U.S.–Iran agr
S&P 500, Nasdaq Hit Records on US-Iran Ceasefire Extension
US stocks surged to record highs Thursday on reports of a draft US-Iran ceasefire extension, with the S&P 500 and Nasdaq closing at all-time peaks despite inflation hitting a three-year high in April.
U.S. GDP Q1 2026 Revised Down to 1.6%
The U.S. economy’s Q1 2026 growth was revised down to a 1.6% annualized rate, a downgrade from the initial estimate. While the WSJ points out that inflation is edging up but still below the most aggre
XRP drops to 16-week lows: Can price fall below $1?
XRP has broken key technical support, falling below $1.35 and $1.30, a move analysts interpret as a bearish breakdown that could push the price toward $0.63. At the same time, social‑media sentiment h
Asset manager Grayscale delays IPO plans as crypto listing boom loses steam
Grayscale, a leading crypto asset manager, has paused its IPO until at least Q4 2026 as market conditions sour, reflecting a broader cooling of the 2026 crypto listing boom. The slowdown has pushed ot
RBI monetary policy next week: What fixed-income investors should expect — here's what experts say
India’s central bank is set to meet from June 3‑5 to decide on policy amid rising global yields and domestic inflation pressures. Experts predict a cautious stance, with rates likely steady, yields ho
A breakdown of the big Canadian banks’ second-quarter earnings
Canada’s six biggest banks all posted stronger‑than‑expected Q2 earnings, with Scotiabank and BMO each delivering $2.6 billion in profit and lifting dividends. Only CIBC held its payout steady, while
U.S. PCE inflation rises at fastest pace in three years in April
U.S. inflation surged to a three‑year high in April as the PCE price index jumped 3.8% YoY, driven largely by a 12% spike in gasoline amid the Iran‑Hormuz shipping crisis. Economists’ forecasts of the
Kohl's Shares Jump 20% After Strong Sales Report
Kohl's shares surged 20% after the retailer posted its best comparable‑sales growth in four years, beating loss expectations, reaffirming its full‑year outlook, and highlighting a modest revenue dip i
Fed's PCE Gauge Hits 3.8%, Three-Year High
The Federal Reserve's preferred inflation gauge climbed to 3.8% annually in April — a three-year high — as prices rose for a fifth straight month, keeping the central bank from cutting interest rates.
TD reports higher profit on Canadian banking and capital markets strength, raises dividend
Amid tight U.S. energy supplies, ongoing U.S.-Iran tensions, and an expanding NFL schedule, Canadian banking giant TD posted a strong second‑quarter performance, beating forecasts and lifting its divi
Oil markets are betting on a swift end to the Iran war. Investors may regret it
Oil markets are betting on a rapid end to the Iran‑U.S. clash, pushing Brent above $96 and WTI above $90, but analysts warn the risk premium remains high and price declines will be slow. Callum Macphe
Snowflake Q1 Earnings Call Highlights - Yahoo Finance
Snowflake smashed Q1 expectations, lifting its stock about 36% in premarket trading. The company also announced a $6 billion multi‑year agreement with Amazon Web Services to power AI‑driven analytics
The crypto industry’s massive political war chest is starting to lean Republican ahead of midterms
Crypto money is reshaping Texas politics, with the Fairshake PAC pouring $6.5 million into Christian Menefee’s campaign to oust Democrat Al Green and backing a slate of GOP House hopefuls. New crypto‑
Debt Interest Eats Record 19% of US Revenue
Interest on the U.S. national debt consumed a record 19% of federal revenue in fiscal 2025, and the Committee for a Responsible Federal Budget warns the figure could approach 30% by 2036 if Treasury y
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