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S&P 500 Drops on Iran Strikes; Chip Rout Hits Asia
Wall Street futures slid Friday and Asian markets plunged after the U.S. completed a sixth straight night of strikes against Iran, fracturing last month's truce and rattling the Strait of Hormuz.
Live markets: Bitcoin slips below $63,000 as the chip rout goes global
Bitcoin slipped below $63,000 and crypto-linked equities tumbled as a global semiconductor selloff deepened, with former bitcoin miners pivoting to AI data centers taking the hardest hits.
Risk-off wave drags bitcoin below $63,000 as AI selloff spreads from stocks to crypto
Bitcoin slid below $63,000 on Friday as a semiconductor-led selloff swept from Asia to Wall Street and renewed Middle East tensions drove a broad risk-off move that dragged crypto lower, though an ove
Bitcoin Bottom Window Hits 42 Days — Second Longest Ever
Bitcoin's supply-in-loss metric crossed 50% on June 5 and has now spent 42 days in bear-market bottom-countdown territory — the second-longest such window on record — while a separate CryptoQuant cost
SoftBank sinks 9% as Asian chips follow Wall Street rout
SoftBank led a broad sell-off in Asian chip stocks on Friday as a renewed rout in U.S. semiconductor shares reignited concerns about whether soaring AI infrastructure spending can sustain current valu
India's biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy
SBI Fund Management's IPO, India's biggest this year, drew bids worth $30.7 billion against a $1 billion target, oversubscribed 41.6 times as domestic institutional investors piled in despite the Sens
Bhan: Indian market correction is a prime buying window
Nippon Life AMC's Sailesh Raj Bhan argues that the post-correction Indian market, paired with recovering earnings and a strengthened macro balance sheet, rewards patient capital — and lays out the sec
Coatue Leads $3B Databricks Round at $188B
Coatue Management is leading a $3B investment in Databricks that values the data analytics software company at $188B, a 40% increase from its December valuation.
Gold prices face turbulence as oil, Fed risks increase
Thailand's MTS Gold warned that renewed US-Iran hostility could push gold down to $3,600-$3,800/oz if oil climbs to $90-$100/barrel, while the market also braces for a possible Fed rate hike as soon a
Canada's Big Six Banks Hit Two-Decade High Valuations
Canadian bank stocks trade at their highest valuations in two decades, yet short interest sits at multi-year lows as investors remain wary of betting against the sector a decade after the 2016 'short
Asian Stocks Drop on Chip Selloff, Oil Gains
Asian equities declined sharply as chip stocks, including SoftBank, tumbled following a Wall Street-led sell-off in AI-related shares, while oil prices rose amid broader market weakness.
Netflix Stock Drops on Q3 Revenue Miss
Netflix's Q3 results sent its stock lower after revenue missed expectations, even as the co-CEO pushed back on treating all viewership numbers as equivalent.
Chip Stocks Drag Markets Down After TSMC Earnings
AI and chip stocks sold off after TSMC's earnings report, dragging global markets and pulling Wall Street's S&P 500 and Nasdaq lower while the Dow edged higher.
Short sellers notch $8.7 bln profit as SpaceX shares dip to IPO price - Reuters
SpaceX shares have fallen to around their IPO price, erasing gains for early investors and delivering a massive profit to short sellers amid growing concerns over valuation and upcoming lockup expirat
Bitcoin Gains Ground Amid Mixed Signals
Bitcoin shows signs of resilience with modest price gains and stable demand despite cooling leverage and weak sentiment, as traders navigate macro risks and technical resistance near $66,000.
SpaceX Stock Falls Below IPO Price as ARK Buys $17M Dip
SpaceX stock closed below its $135 IPO price for the first time Thursday, even as Cathie Wood's ARK Invest loaded up on roughly $17 million of shares ahead of a pivotal Starship test and a looming 20%
Netflix Falls 9% After-Hours on Mixed Q2 Earnings
Netflix shares fell 9% in after-hours trading after the streaming giant posted Q2 revenue slightly below Wall Street expectations ($12.56B vs. $12.58B consensus) and a narrow EPS beat, as concerns per
Netflix Q2 Earnings Results In-Line With Expectations, Stock Drops on Lower Q3 Outlook
Netflix matched Wall Street expectations on Q2 revenue and earnings, but a softer-than-expected Q3 revenue forecast sent shares tumbling more than 8% in extended trading Thursday.
SpaceX Stock Drops Below IPO; Shorts Pile In
SpaceX stock closed below its IPO price for the first time since going public, drawing in short sellers and prompting varied Wall Street reactions ahead of a planned Starship test flight.
Morgan Stanley's E*TRADE Opens Spot Crypto to Retail
Morgan Stanley's E*TRADE platform has launched spot cryptocurrency trading for eligible retail clients, allowing them to buy, sell, and hold Bitcoin, Ether, and Solana through infrastructure provider
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