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Finance News — Page 85
SK Hynix craters 15%; SpaceX slips under $135 IPO
SK Hynix torched its Seoul shareholders with a record 15% plunge Monday — the chipmaker's worst single-day drop in nearly two decades — just two days after its $26.5 billion Nasdaq debut looked like a
Wall Street Builds AI to Decode Warsh's Quiet Fed
Wall Street firms are scrambling to decode Kevin Warsh's dramatically scaled-back Fed communication, with the June FOMC statement shrinking to ~130 words and forward guidance effectively eliminated si
SlowMist: LinkedIn Recruiters Target Web3 Devs With Malware
Blockchain security firm SlowMist exposed a social-engineering malware campaign in which attackers posing as LinkedIn recruiters trick Web3 developers into running malicious GitHub repositories that i
From Ketan Parekh scam to Covid: What 25 years of history reveals about ideal asset allocation during market downturns
Historical data from nine major Indian market corrections since 2000 shows that portfolios with higher debt allocations consistently suffered smaller drawdowns — from the Ketan Parekh scam to the US-I
SpaceX Drops 14.7% as Starship Test Aborts
SpaceX (SPCX) shares plunged 14.7% in mid-July 2026 after its 13th Starship test flight was automatically aborted seconds before liftoff, intensifying scrutiny of the company's valuation just weeks af
SpaceX Offers Pentagon Billions in Computing Power for AI Push
SpaceX is negotiating with the Pentagon to supply computing power for military AI, pitching billions of dollars in capacity while its stock trades below its IPO price.
Asia Tech Rout Sinks Japan, Taiwan Stocks 6%
Japanese and Taiwanese equities led a broad Asian sell-off on Friday, plunging as much as 6% as a global tech rout accelerated and renewed US-Iran tensions pushed oil prices higher.
TMTG Eyes $100K/Month for Faster Trump Posts Feed
Trump Media is pitching Wall Street firms up to $100,000 a month for millisecond-faster access to President Trump's Truth Social posts via a new paid "Truth API" data feed launching August 1, promptin
China AI Model Sinks Nvidia, US Tech Stocks
China unveiled a powerful new AI model that triggered fears of a second 'DeepSeek Moment,' sending Nvidia, AMD, Micron, TSMC, and other US tech stocks sharply lower to end the week.
ECB Warns Stablecoins Could Drain European Bank Deposits
ECB board member Piero Cipollone warned that stablecoin adoption could strip European banks of retail deposits, compounding fees and transaction data already lost to mobile payment platforms, and fram
Nvidia, AMD, Micron Sink on China's Moonshot AI
Shares of Nvidia, AMD, Micron, and TSMC sank after China's Moonshot AI unveiled a powerful new AI model, rattling chip investors before some stocks trimmed losses as buyers stepped in.
Kimi K3 Launch Triggers Global Chip Selloff
Moonshot AI's overnight launch of Kimi K3—a 2.8-trillion-parameter open-weight model rivaling GPT-5.6 Sol and Claude Fable 5—triggered a global semiconductor selloff Friday as investors drew direct pa
Galaxy Puts Its Name on Texas Tech's Stadium in a 15-Year, Crypto-Native Deal
Nasdaq-listed crypto firm Galaxy Digital will pay more than $70 million over 15 years to rename Texas Tech's football stadium Galaxy Stadium starting in 2026, anchoring a rebrand from crypto trading t
Netflix Drops 7% as Analysts Warn It's Gone 'Ex-Growth'
Netflix shares plunged 7.26% on July 17 after a soft Q3 revenue outlook and a shift to annual (rather than semiannual) viewership disclosures left Wall Street analysts warning the streaming giant has
SpaceX Stock Loses $1 Trillion in a Month
SpaceX shares plunged to a new low, erasing roughly $1 trillion in market value within a month, as an aborted Starship launch dragged Elon Musk's net worth below $800 billion.
Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark
Bitcoin and major cryptocurrencies fell Friday after Beijing-based Moonshot AI released Kimi K3, a free open-weight coding model that topped Anthropic's Claude Fable 5 and OpenAI's GPT-5.6 on a key be
Dutch Court Declares Knaken Crypto Platform Bankrupt
A Dutch court has declared cryptocurrency platform Knaken Cryptohandel BV and its affiliated foundation bankrupt after prosecutors found €7 million ($8 million) in customer assets missing, with the co
ECB's Cipollone: Stablecoins Could Erode Bank Deposits
ECB board member Piero Cipollone warned that wider stablecoin adoption could erode commercial banks' retail deposit base, arguing the digital euro is needed to keep banks central to Europe's payments
SpaceX stock falls further after Starship rocket test is aborted at the last second - qz.com
SpaceX stock extended its slide after the company's 13th Starship flight test was scrubbed at the last second when several engines failed to start, marking a failed first test flight since the IPO.
SpaceX Stock Falls as Starship Test Flight Aborted
SpaceX shares declined after the company scrubbed a Starship test flight due to a post-ignition engine anomaly, putting the stock on track for a six-day losing streak.
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