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Finance News — Page 79
769,000 401(k) Savers Reach Millionaire Status
Fidelity said a record 769,000 401(k) savers became millionaires in the second quarter, as contribution rates remained near highs even as loans and hardship withdrawals edged higher.
Oura files for Nasdaq IPO at $11bn+ valuation
Oura, the Finnish-founded smart ring maker favored by Prince Harry, Jennifer Aniston and Kim Kardashian, has filed to list on Nasdaq with a valuation expected above $11bn, on the back of $1.21bn in re
Micron Reclaims $1,000 as GPT-6 Astra Lifts Chips
Micron Technology's stock closed above $1,000 for the first time since mid-August, jumping 6.1% Friday as OpenAI's GPT-6 Astra launch reignited AI-infrastructure enthusiasm and lifted the broader memo
Trump's Iran War Stirs Bond Market Inflation Fears
Trump's Iran war, which he wants to exit but cannot, is constraining Gulf oil supply and pushing inflation higher, forcing bond investors to demand higher yields now to hedge against further erosion o
Mike Khouw: Cybercabs are a game changer—here's how I'm trading Tesla
Tesla's wheel-less Cybercab launch drove shares up 5.4% to near $376, and options strategist Mike Khouw is recommending a December 390 call financed by selling an October 425/330 strangle to play the
Tesla Drops 6% as Cybercab Update Underwhelms Wall Street
Tesla shares fell 6% after the company offered minimal new details on its Cybercab robotaxi at a closed Austin event, with Wall Street analysts flagging unanswered questions on pricing, production, an
Trump Threatens Trade Halt to Force Fed Rate Cut
President Trump threatened on social media to halt trade with U.S.-deficit countries unless the Federal Reserve cuts interest rates, prompting sharp criticism from economists who warned of a shock to
US August Jobs Triple Forecasts; Fed Hike Odds Climb to 62%
U.S. employers added 162,000 jobs in August — nearly triple forecasts — sending Fed rate-hike odds to 62% and keeping a September move on the table as unemployment held at 4.1%.
Robinhood Defies AMC's Cease-and-Desist Over Stock Tokens
Robinhood's chief legal officer Dan Gallagher publicly dared AMC CEO Adam Aron to "send your lawyers" after the theater chain demanded the brokerage halt trading of blockchain-based tokens tracking AM
Dow Falls 280 Points as Rate-Hike Fears Return
U.S. stocks sold off on September 2, 2026, with the Dow dropping 280 points as fresh jobs data revived rate-hike fears, pushing Treasury yields higher and dragging Big Tech lower.
Analysis: Lower Treasury yields could require a weaker economy. Trump won't fix them
The 10-year Treasury yield has hit 4.8% — the highest of Trump's second term — as his policies swell deficits and alienate foreign buyers. Analysts say lower borrowing costs would now require the one
Zcash Hits Highest Price in Nearly a Decade, Crushing Short Bets
Privacy coin Zcash broke above $1,000 for the first time in nearly a decade on Friday, touching an intraday high of $1,029 and triggering about $34.5 million in short liquidations as the rally extende
August Jobs Gain Triples Forecast to 162,000
The August jobs report delivered a surprise 162,000 gain, more than triple forecasts and the strongest since March, recasting the summer slowdown as seasonal noise rather than a labor market breakdown
Fed's Waller Leans Toward Hold; Stocks Climb
Fed Governor Waller signaled he could support holding rates at the September meeting, with Fundstrat estimating the odds of a September hike falling to roughly 50% as stocks climbed on the news.
Large-caps attractive post-correction: Axis MF CIO Sivakumar
Axis Mutual Fund's R. Sivakumar said large-cap stocks are attractive after a correction — trading more than one standard deviation below long-term averages — but cautioned they are not absolutely chea
The big business of personal protection: How private security became a $50 billion industry
The US private security industry has surged past $50 billion in annual revenue, driven by corporate fear of executive targeting, insurer pressure, and a public perception of crime that far outpaces fa
Lululemon Sinks 17% as China, North America Sales Miss
Lululemon shares plunged 17% in early Friday trading after the athletic apparel retailer posted weaker-than-expected Q2 results, slashed its full-year guidance, and reported steep comparable sales dec
Norway’s $2.3-trillion sovereign fund proposes large cuts to U.S. Treasury holdings
Norges Bank Investment Management, which manages Norway's $2.3-trillion sovereign wealth fund, has proposed cutting roughly $80 billion from its U.S. Treasury holdings as part of a broader rebalancing
Nvidia Buys Hugging Face for Billions; Shein IPO Disappoints
Reuters' weekly markets roundup spotlights two stories: Nvidia's roughly $12.9 billion acquisition of AI platform Hugging Face and fast-fashion retailer Shein's underwhelming public market debut.
Bond Yields Rise as Markets Test Central Banks
Multiple outlets are covering the rise in bond yields, with the WSJ spotting a 'silver lining' while others warn of inflation alarm and a looming question of whether central banks will follow markets
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