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Finance News — Page 88
Netflix stock falls 10% as earnings forecast disappoints, company says it will give fewer engagement updates
Netflix shares plunged more than 10% in early Friday trading after the streamer's Q2 revenue slightly missed estimates and management announced it would scale back its engagement-reporting cadence.
Netflix’s quarterly earnings forecast falls short of Wall Street targets, shares tumble
Netflix's third-quarter revenue and earnings guidance fell short of Wall Street estimates, sending shares down 8% in after-hours trading as investors weighed the soft outlook against efforts in ads, l
Nasdaq Slides as Sandisk, SK Hynix Plunge; TSMC Hits Sell Rule
The Nasdaq slid as AI and chip-sector jitters hammered semiconductor stocks, with memory players Sandisk and SK Hynix plunging and TSMC hitting a sell rule.
Senior Citizens Can Still Lock In 8.5% FD Rates
Senior citizens can still lock in fixed deposit interest rates of up to 8.5% even as several banks have trimmed deposit rates in recent months, with small finance banks leading the pack.
Dallas Fed's Logan Calls for Modest Rate Hike
Dallas Fed President Lorie Logan, a voting FOMC member, publicly urged modestly higher interest rates, warning that one month of cooling inflation isn't enough to restore price stability.
Bitcoin Dips as Micron Tops 30% Drop in Tech Rout
Bitcoin fell 1.5% to roughly $64,500 as a tech-led US stocks sell-off—triggered by Micron's 30%-plus slide from its June record and broad retail profit-taking—overrode two days of bullish inflation si
XRP Stuck in Death Cross as Bitcoin Tops $65K
XRP is stuck around $1.10 as Bitcoin and Ethereum lead a softer-CPI-driven crypto rally, with the token trapped in a death cross since its July 2025 all-time high and missing its key Clarity Act catal
Keyrock Acquires BlockFills Assets for $3.25M
Brussels-based digital-asset services firm Keyrock has acquired BlockFills' trading and brokerage assets for $3.25 million, gaining institutional clients, derivatives expertise and new regulatory lice
Trump Media Sells Real-Time Trump Posts to Wall Street
Truth Social is launching a paid API giving Wall Street firms real-time access to President Trump's posts, monetizing the platform's growing role as his preferred communication channel.
Short sellers load up against SpaceX as stock retreats back to IPO price
Short sellers have accumulated bearish bets equal to roughly one-third of SpaceX's public float as the stock hovers around its $135 IPO price following a 20% July decline.
State Street: Small-Cap Rally Is 'Not a Junk Rally'
Two money managers argue the historic small-cap rally isn't a short-squeeze 'junk rally' but a fundamentally-driven move, with all 11 small-cap sectors beating their large-cap peers for the first time
Chip Stocks Drag S&P 500, Nasdaq Lower After TSMC Earnings
The S&P 500 and Nasdaq declined while the Dow rose, as chip stocks slid following TSMC's earnings report and traders positioned around upcoming data releases.
Rounds Praises Warsh's 'Tone' in First Fed Testimony
Sen. Mike Rounds praised Fed Chair Kevin Warsh's "tone" during his first congressional testimony this week, saying the new chair's focus on inflation aligns with Congress's priorities and backing the
Visa Stablecoin Platform Reaches 200M Merchants
Visa launched its Stablecoin Platform, an internal system enabling banks and fintechs to integrate stablecoin payments into existing Visa workflows, targeting its network of 15,000 financial instituti
Chip Stocks Sink Nasdaq Futures Despite TSMC Record Quarter
Chip stocks led a broad premarket selloff as AI demand concerns dragged Nasdaq-100 futures down more than 1%, even as TSMC posted a fifth consecutive quarter of record earnings.
Prediction markets defy crypto downturn with record Q2 volume: CoinGecko
Prediction markets posted a record $50.7 billion in monthly notional volume in June, defying a broader crypto downturn that drove total market cap down 12.6% to $2.1 trillion in Q2.
TSMC Pledges $100B More for U.S. Chip Plants
TSMC will pour another $100 billion into Arizona fabs on top of a blockbuster quarter that smashed profit forecasts, lifting its total U.S. commitment to $265 billion — yet ADRs slid 4.2% before the b
Tokenized Stocks Hit Record $2.3B Market Cap
The tokenized stocks market grew to a record $2.3 billion in market capitalization as crypto-native exchanges including Kraken, Bitget, and Bitpanda rapidly expanded their equities token offerings.
Musk Loses Trillionaire Status as SpaceX Sinks Below IPO
Elon Musk has lost his trillionaire status as SpaceX's stock has fallen below its $135 IPO price for the first time, with a looming lockup expiry deepening investor anxiety.
Netflix Q2 Earnings: Ad Revenue and Engagement in Focus
Netflix prepares to report Q2 earnings amid investor focus on user engagement, ad revenue growth, and AI strategy, with analysts maintaining bullish sentiment despite near-term challenges.
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