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Finance News — Page 90
S&P 500, Nasdaq, Dow Drop as Chip Stocks Tumble
US stocks closed lower as a broad chip-stock selloff pulled the S&P 500, Nasdaq, and Dow into the red, overshadowing a TSMC record and otherwise solid earnings reports.
United earnings top estimates but airline expects $6 billion in added fuel costs
United Airlines topped Q2 earnings estimates but forecast Q3 profit below Wall Street expectations and warned that jet fuel prices—up 34% in July—could add nearly $6 billion to its full-year expenses.
AI Dominates 40% of S&P 500, Half of Bond Market
Apollo's Torsten Slok declares the classic 60-40 portfolio dead, arguing AI now dominates every asset class — with nine of the top ten S&P 500 companies tied to the theme and AI infrastructure account
Wall St Rises on Cool PPI, Bank Earnings Beats
Wall Street's three major indexes rose modestly on a second straight day of soft inflation data, with BlackRock surging 6.3% on a Q2 profit beat and PayPal jumping 16% on a reported $60.50-per-share b
Warsh Confirms Regular Trump Admin Contact, Defends Fed
Federal Reserve Chairman Kevin Warsh told a Senate banking committee he communicates 'often' with the Trump administration but declined to say whether he has spoken directly with President Trump, defe
Warsh testifies on economy, dodges fiscal questions
Federal Reserve Chairman Kevin Warsh testified before the Senate banking committee Wednesday on the economy and interest rates, one day after a parallel House appearance where he reaffirmed the Fed's
SpaceX Stock Dips Below $135 IPO Price for First Time
SpaceX shares briefly slipped below their $135 IPO price on Wednesday for the first time, closing barely above it after a four-session losing streak that has cooled early enthusiasm for the company's
Prediction Markets Spark State-CFTC Jurisdiction Battle
Prediction market operators Kalshi and Polymarket face a jurisdictional tug-of-war between US states and the CFTC, with the dispute now moving through the federal courts.
Anthropic Readies October IPO Led by Goldman, JPMorgan
AI startup Anthropic is advancing toward a potential October IPO, with Goldman Sachs, Morgan Stanley, and JPMorgan Chase scheduling investor meetings ahead of what could be the year's biggest tech lis
SpaceX share price drops below stock market debut
SpaceX's share price fell to $132.62 on Wednesday, slipping below its June IPO price of $135 and now sitting 41% below its post-float peak — with the broader Nasdaq barely budging in the same session.
Historic IBM stock crash sets up unique options strategy
IBM shares cratered roughly 25% on July 14, 2026, after a preliminary Q2 revenue miss, pushing one-month implied volatility to the 99.6th percentile and creating a rare premium-rich setup for options
Anthropic Targets October IPO as Banks Schedule Meetings
Anthropic is advancing toward an IPO that could debut as soon as October, with Wall Street's three biggest banks now scheduling investor meetings to sound out demand.
Bitcoin Breaks $64K as Death Cross Keeps Macro Bearish
Bitcoin pierced the $64K resistance Tuesday but remains constrained by an active death cross and a macro indicator score of -36%, with prediction-market traders pricing 66.6% odds of a slide to $55K b
Wall Street’s investment banks riding wave of IPOs, mergers and new debt
Wall Street's six biggest banks posted a 45% year-over-year surge in investment banking fees in Q2 as record IPO proceeds and over $3 trillion in global M&A volume signaled the broad deal-making reviv
PPI Falls 0.3%, Warsh Calls Inflation Data 'Imperfect'
Fed Chair Kevin Warsh, testifying for a second day on Capitol Hill, welcomed favorable June PPI data but called inflation measures 'imperfect' as markets further pared rate-hike odds ahead of the Fed'
BlackRock AUM Tops $15T on Record $321B H1 Inflows
BlackRock reported record first-half inflows of $321 billion as assets under management crossed $15.3 trillion, sending its shares up about 5% premarket despite the stock lagging the S&P 500 year-to-d
NY Fed's Williams: Inflation Peaked, Rates Well Positioned
New York Fed President John Williams stated that inflation has likely peaked and rates are well positioned to bring inflation down to target by 2028, despite recent high readings and market expectatio
US Stocks Rise on 0.3% PPI Drop
U.S. stock indices rose after June's Producer Price Index showed a 0.3% decline, signaling softer wholesale inflation and influencing expectations for Federal Reserve policy.
IBM Stock Crashes 25%, HSBC Downgrades
IBM stock collapsed 25%, drawing cross-coverage that frames the selloff as historically significant, prompting an HSBC downgrade and raising questions about spillover risk to AI-exposed tech.
Dan Ives Forms Yorkville Ives, New Tech Merchant Bank
Dan Ives, a prominent Wall Street tech analyst, is leaving Wedbush to launch Yorkville Ives & Co. with Yorkville Securities — a merchant bank combining investment banking, research, trading, and princ
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