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Stock market, bitcoin, oil prices and economic news — daily finance summary
Stock Market Today: S&P 500 Nears Longest Winning Streak Since 2023 — Live Updates - WSJ
The S&P 500 has surged to its longest weekly winning streak since 2023, keeping the index near all‑time highs, while the Dow Jones Industrial Average hit a fresh record high. Multiple outlets—includin
Qualcomm Shares Rise 12% on AI Chip and Auto Deals
Qualcomm’s stock jumped 12% as investors recognized its expanding role in AI‑powered devices. The chipmaker is reportedly partnering with OpenAI on an AI‑driven phone, supplying Snapdragon chips to St
Robinhood Crypto COO Exits as Crypto Revenue Falls 47%
Robinhood Crypto COO Tanya Denisova is departing after more than five years, coinciding with a 47% year-over-year drop in cryptocurrency revenue that pushed the platform below Wall Street's Q1 estimat
Price predictions 5/22: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH
Bitcoin slipped below $77,000 to about $76,000, breaching its 20‑day EMA and testing a key $76,000 support level. A sharp decline in the Coinbase premium, noted by LVRG’s Nick Ruck, signals large‑hold
Trump urges new Fed chair Warsh to act independently
At a historic White House swearing‑in, President Trump told new Fed chair Kevin Warsh to act "totally independent" and ignore outside pressure, promising a boom‑time economy. Critics, including Senato
S&P 500 Rallies 17% as Put Option Costs Drop
The S&P 500 has surged more than 17% since its March lows, pushing the index to fresh record highs while volatility has collapsed. With implied volatility low, cheap puts let investors lock in gains e
Why Minnesota is empowering local banks to fight Wall Street for crypto revenue
Minnesota is moving to keep its community banks in the crypto game by passing a pioneering law that lets state‑chartered banks and credit unions offer crypto custody starting Aug. 1 2026, while simult
Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets
Institutional players are deepening their foothold in crypto: Tether bought SoftBank’s 26 % stake in Twenty One Capital, gaining control over a $3.34 billion Bitcoin holding; Bernstein reports miners
Bitcoin price falls under $77K as Dow Jones hits new all-time highs
Bitcoin slipped below $77,000 as Wall Street opened, while the Dow Jones surged to a fresh all‑time high—a move that President Trump highlighted on Truth Social. Weak US demand kept the Coinbase Premi
U.S. Treasury Yields Hit 30‑Year High, Investors Shift
The 10‑year Treasury yield jumped to 4.57% and the 30‑year to 5.08%, levels not seen in over a year and since 2007, shaking the notion of a truly risk‑free rate. Analysts at HSBC and BondBloxx warn th
Despite murky legal landscape, companies are undeterred in their prediction market investments
Legal battles between the CFTC and state regulators haven’t slowed the boom in prediction‑market platforms. Companies such as Kalshi and Polymarket have seen valuations double, while operators like Fl
Dow Jumps 300 Points to Record as Treasury Yields Ease
Wall Street surged as the Dow Jones Industrial Average jumped 300 points to a fresh record, buoyed by falling Treasury yields and a rally in tech stocks that lifted the Nasdaq and S&P 500. Investors k
Live markets: Bitcoin heads lower late Friday as Warsh takes over at Fed
Bitcoin slipped 2.4% to $75,800, its lowest level in May, while major altcoins fell slightly more. The drop undercuts analyst Tom Lee’s bullish outlook for a three‑month run, even as the Nasdaq nudged
U.S. Consumer Sentiment Falls to Record Low in May
U.S. consumer confidence has plunged to a historic low as soaring gas prices and rising living costs squeeze households. CNN, Axios and CNBC all report record dissatisfaction, linking the dip to infla
Space X IPO: 'Bad news' for tech stocks but what about Bitcoin?
SpaceX’s planned $75 billion IPO in June will add its 18,712 BTC treasury to the Nasdaq 100, making Bitcoin exposure a feature of two Musk‑linked mega‑caps and expanding the “Mag 8” to 25 % Bitcoin‑ba
Stock futures rise as S&P 500 looks toward another winning week: Live updates - CNBC
The S&P 500 is poised for an eighth consecutive weekly gain, driven by AI‑fueled buying, while the Dow Jones added roughly 350 points. Futures also climbed, and CNBC, Bloomberg, and MarketWatch all ec
Tom Lee says trillions in tech IPO supply won't crash the S&P 500
Tom Lee says the upcoming mega‑IPOs of SpaceX, OpenAI and Anthropic—together representing 5‑6% of the S&P 500’s market cap—won’t topple the market. He points to under‑invested family offices and pensi
BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s - Bloomberg.com
Bank of America’s senior executive Hartnett warned that the surge of mega‑IPOs could be inflating a bubble reminiscent of the 1920s Roaring Twenties. Bloomberg highlighted the warning, underscoring th
Stocks Rise, Dollar Holds Highs as US-Iran Peace Hopes Battle Mixed Signals
Global markets edged higher as investors latched onto tentative signs of progress in US-Iran peace talks, though conflicting messages from Washington and Tehran on nuclear enrichment and the Strait of
Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle - TechCrunch
TechCrunch says the upcoming SpaceX IPO will chiefly enrich Elon Musk and a handful of his close allies, while Bloomberg’s BofA analyst Hartnett warns that such mega‑IPOs could spark a bubble reminisc
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