Finance·5,886 stories
Finance News — Page 66
Dow Rises as Chip Stocks Slide in Rotation
The Dow opened higher while chip stocks like Micron slid and the Nasdaq-100 entered correction territory as Wall Street accelerated a rotation out of AI and memory plays.
Apple Briefly Hits $5 Trillion Market Cap
Apple briefly touched a $5 trillion market capitalization on Tuesday for the first time, reclaiming the top spot from Nvidia and capping a dramatic reversal of last year's fears that it was missing th
Meta likely to highlight smart glasses, avoid social media policy on upcoming earnings call, Kalshi traders say
Kalshi prediction market traders are betting Meta's Wednesday earnings call will emphasize cloud computing (90% odds) and Ray-Ban smart glasses (74%), while skipping social media policy debates and ev
Apple Hits $5T by Sidestepping AI Spending Race
Apple became only the second company ever to hit a $5 trillion market cap on Tuesday, reaching $5.04tn as investors fled AI and semiconductor stocks amid fears about AI infrastructure spending and ris
Bitcoin Drops Below $63K as Asia Chip Crash Hits Wall Street
Bitcoin dropped below $63,000 at Wall Street's open as a semiconductor-led sell-off originating in Asia spread to US tech stocks, with South Korea's KOSPI closing down 10.8% and crypto long liquidatio
Why the Bitcoin Rally Seems More Like a Bull Trap
Bitcoin's push to $66,921 collapsed back to $63,422 amid a broader risk-off selloff sparked by South Korea's KOSPI circuit breaker and uncertainty ahead of Fed Chair Kevin Warsh's FOMC decision, with
Chip Stocks Sink as Market Barely Moves
Chip stocks plunged sharply while the broader market barely reacted, with Micron and SK Hynix hit hardest as the AI chip sell-off deepened on circular funding and China competition fears.
Ford Q2 Earnings Due Tuesday; Jefferies Calls It a Trough
Ford Motor is set to report second-quarter results after Tuesday's close, with analysts forecasting $45.86 billion in automotive revenue and 35 cents in adjusted EPS — both down from a year ago.
Apple Briefly Hits $5 Trillion Market Cap, Second Ever
Apple's market capitalization briefly crossed $5 trillion on Tuesday, making it the second company after Nvidia to reach that threshold, driven by strong product demand and its restraint from costly A
The future of Wall Street is here as startups and brokers build AI agents to trade 24/7
Brokerages and startups are building AI agents designed to autonomously manage investment portfolios around the clock, with one analyst projecting a tenfold surge in transaction volumes as retail inve
Fed's Warsh Faces Pressure to Act on Stubborn Inflation
Federal Reserve Chair Kevin Warsh faces mounting pressure to follow through on his hawkish inflation rhetoric with an actual rate hike, as the Iran war, AI investment, and tariffs push prices higher.
PayPal Beats Q2 Estimates, Lifts Full-Year Guidance
PayPal topped Wall Street's Q2 expectations and raised its full-year earnings guidance, reinforcing CEO Enrique Lores's early turnaround narrative just months into his tenure.
Apple Briefly Hits $5T Market Cap, Tops Nvidia
Apple briefly touched a $5 trillion market capitalization, becoming only the second company in history to reach that threshold and ending the day as the world's most valuable company by overtaking Nvi
Tech Stocks Tumble on Worries About A.I. Spending and China’s Chip Competition
South Korea triggered a temporary trading halt on Tuesday as its benchmark stock index plunged nearly 11%, leading regional losses, while the Nasdaq Composite dropped over 1% at the US open.
Chip Rout Deepens: Micron Drops 9%, Samsung 13%
Semiconductor stocks plunged over 5% on Tuesday as the AI chip sell-off deepened, with Micron down 9%, SK Hynix off 7%, and Samsung Electronics falling 13% amid circular financing fears and CXMT's blo
Micron Leads Brutal Chip Slump
Micron stock is plunging and leading a broader chip-sector selloff, with analysts now openly debating whether the memory boom-bust cycle has finally broken.
Nasdaq 100 Heads for Correction as AI Worries Hit
The Nasdaq 100 is heading for correction territory as AI worries rattle investors, according to Bloomberg's headline coverage.
Apple Hits $5T Market Cap, Passes Nvidia
Apple became the second company ever to surpass a $5 trillion market capitalization, reclaiming the title of world's most valuable company from chipmaker Nvidia.
SpaceX stock hits all-time low despite Starship success
SpaceX stock hit an all-time low of $109.53 on Monday despite a successful Starship test flight, with shares down nearly 30% from its $150 June IPO debut and 50% from its $225.64 peak.
PayPal expands stablecoin push as crypto assets factor into Q2 results
PayPal beat Q2 revenue expectations but missed on EPS, while outlining an expanded push into stablecoins, agentic payments and AI-driven tools as an $81 million crypto-related adjustment flowed throug
Get the Finance newsletter
Curated finance stories, every morning. Free.
No spam. Unsubscribe anytime.