Latest
🇺🇸53d ago
Bank of Korea Raises Rates to 2.75% in First Hike Over Three Years
The Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75%, marking its first rate increase in over three years, according to the announcement. The move aligned with economist expectations surveyed by Reuters and signals a shift in the central bank's monetary policy stance.
🇺🇸53d ago
SK Hynix Plunges 9% as Asia Tech Rout Mirrors U.S. Chip Losses
SK Hynix shares fell 9% on Thursday as Asian semiconductor stocks tumbled following a selloff in U.S. chipmakers. The decline reflects a broader regional correction triggered by weakness in American chip equities.
🇺🇸53d ago
New Jersey Deli Fraud Defendant Seeks No Prison Time
James Patten, charged in a $100 million fraud scheme involving a small New Jersey deli company, is seeking to avoid prison time despite a prior conviction, according to reports. The case involved artificially inflating a company's market capitalization through fraudulent means.
🇺🇸53d ago
Cramer demands concrete proof that AI investments are delivering returns
CNBC's Jim Cramer has called for companies to demonstrate measurable financial returns from their artificial intelligence investments, signaling skepticism about AI's near-term profitability. The commentary reflects growing investor scrutiny over whether substantial corporate spending on AI technology is translating into tangible business results.
🇺🇸53d ago
Stock Futures Flat as Markets Await Retail Sales, Labor Data
U.S. stock futures showed minimal movement as investors positioned themselves ahead of key economic data releases on retail sales and jobless claims. The market awaited these reports for signals about economic slowdown and inflation trends.
🇺🇸53d ago
Kalshi Traders Forecast Gas Prices Above $4 by End of July
Prediction market traders on Kalshi are betting that US gasoline prices will exceed $4 per gallon by the end of July, mirroring price levels seen in the previous month's average. This forecast reflects trader expectations for continued pressure on energy costs in the near term.
🇺🇸53d ago
World Cup Boosted Bars and Restaurants Amid Broader Consumer Slowdown
The Federal Reserve's latest beige book reported that the World Cup provided a temporary lift to bars and restaurants, though the soccer tournament failed to translate into broader economic expansion. The report signaled that consumers are flashing warning signs beyond the hospitality sector.
🇺🇸53d ago
United Airlines Beats Earnings But Faces $6B Fuel Cost Headwind
United Airlines reported earnings that exceeded analyst expectations, driven by strong revenue growth across premium, corporate, and basic economy cabin classes as well as improved domestic and international travel demand. However, the carrier projects an additional $6 billion in fuel costs, a significant headwind that could pressure profitability despite the current revenue strength.
🇺🇸53d ago
Netflix Eyes Catalyst at Earnings to Reverse Weakening Sentiment
Wall Street expects Netflix's Thursday earnings report to provide a catalyst that could reverse declining sentiment around the streaming giant's stock. Investors are watching for signals that could restore confidence in the company's growth trajectory amid softening market perception.
🇺🇸53d ago
Trump Criticizes New York's AI Data Center Ban, Demands Immediate Policy Reversal
Former President Trump has publicly criticized New York's newly enacted ban on AI data centers, calling for the state to reverse the policy immediately. New York became the first U.S. state to implement such a restriction following the governor's executive order signed Tuesday.
🇺🇸53d ago
Municipal Bonds Deliver Solid Returns in 2026 as Yields Remain Attractive
Municipal bonds have posted solid performance in 2026, with investment professionals identifying continued opportunities for investors seeking what they characterize as generationally attractive yields. Market participants suggest that despite recent gains, the municipal bond sector still offers compelling entry points for fixed-income investors.
🇺🇸53d ago
Senior AWS Executive Departs After 18 Years at Amazon
A senior cloud executive has departed Amazon Web Services after 18 years with the company, having played a key role in launching some of AWS's foundational services and overseeing critical compute and machine learning divisions. The departure marks a notable leadership change at the cloud division, which remains a major profit driver for Amazon.
🇺🇸53d ago
JPMorgan Chase Charts Signal Bullish Setup After Q2 Earnings
Technical analyst Frank Cappelleri identified favorable chart patterns and fundamental indicators aligning for JPMorgan Chase following the bank's second-quarter earnings report. The combination of technical and fundamental signals suggests potential upside momentum for the banking giant.
🇺🇸53d ago
Public Service Loan Forgiveness Updates: Three Key Changes for Borrowers
Recent regulatory changes to the Public Service Loan Forgiveness (PSLF) program have introduced new requirements that borrowers should review to ensure continued eligibility. Affected borrowers are advised to verify that their current repayment plan and loan type still qualify for forgiveness benefits under the updated framework.
🇺🇸53d ago
Anthropic Gears Up for Potential October IPO, Investor Meetings Underway
Anthropic, the AI startup behind Claude, is organizing investor meetings in preparation for a potential initial public offering as early as October, according to reports. The move signals the company's push to reach public markets ahead of competitor OpenAI.
🇺🇸53d ago
IBM shares plunge 25% in historic single-day decline
IBM stock experienced a dramatic 25% single-day drop, falling approximately $73 to around $217 per share, marking a historic decline for the technology giant. The sharp move has created noteworthy implications for options traders seeking to capitalize on the heightened volatility.
🇺🇸53d ago
Fed Chair Warsh Says He Meets Frequently with Trump Administration
Federal Reserve Chairman Kevin Warsh disclosed on Wednesday that he maintains frequent communication with Treasury Secretary Scott Bessent beyond their regular weekly meetings. The statement underscores ongoing coordination between the central bank and the Treasury Department while Warsh emphasized the Fed's institutional independence.
🇺🇸53d ago
Trump's DNI Pick Jay Clayton Declines to Affirm 2020 Election Results
Jay Clayton, nominated by President Trump to serve as director of national intelligence, declined to tell senators that President Biden won the 2020 election during Senate Intelligence Committee consideration of his nomination. The exchange highlights ongoing political divisions over election integrity claims that continue to influence key government appointments.
🇺🇸53d ago
SpaceX, Apple, PayPal Lead Midday Market Moves
Several major stocks including SpaceX, Apple, PayPal, Cava, Progressive, and Micron posted significant price movements during midday trading sessions, according to market reports. The broad-based moves across technology, financial services, and insurance sectors reflect ongoing volatility in US equity markets.
🇺🇸53d ago
Margin Debt Reaches Levels Seen at Prior Market Peaks
Margin debt as a percentage of market capitalization has climbed to levels previously observed at major market tops, according to data from The Leuthold Group. The elevated leverage metric is being viewed by analysts as a bearish signal for equity valuations ahead.