Market news archive — page 25

Industry-backed Ethereum research and development lab Ethlabs forms with support from major holders and ConsenSys' Joe Lubin as the network’s development moves beyond the Ethereum Foundation

Senate is preparing to advance a broad housing package aimed at limiting private-equity purchases of single-family homes to boost supply and affordability, with analysts noting it will take time to meaningfully affect the market.

Industry groups are lobbying the U.S. House to advance a tax bill that would clarify treatment of assets from mining and staking

Super Micro Computer advances as multiple outlets report favorable attention from an equity analyst, prompting renewed investor interest.

OKX and Intercontinental Exchange announce a joint venture to connect traditional finance and crypto markets, with former New York governor Andrew Cuomo co-chairing the effort and regulatory approvals still pending

SpaceX has reportedly inked a computing-power agreement with Reflection AI worth up to $6.3 billion, reinforcing its Colossus data center as a commercial platform for AI workloads.

Bitcoin trades around the mid-$60k area, with potential upside toward $70k while oil slides on Iran deal uncertainties and broader macro concerns

Meta Platforms' WhatsApp leadership is changing hands, with Will Cathcart stepping down and Indian fintech founder Kunal Shah set to take the helm, according to CNBC and Investing.com reports

BitMine, led by Tom Lee, expanded its Ethereum treasury by $92 million, bringing its stake to near 5% of the circulating supply, with the pace of purchases reportedly easing while the overall trajectory remains intact.

Strategy expands its cash buffer to $1.4 billion after a setback linked to STRC, while also bolstering bitcoin holdings and signaling steadier support for preferred-share dividends.

Lucid Group plans to cut roughly 18% of its U.S. workforce as part of a broader cost-savings push, with COO Marc Winterhoff departing effective immediately.

The Treasury Department issued a temporary license allowing Iran to sell oil for a limited period, with the move coming amid ongoing discussions on a final peace accord.

Chevron’s unit and Microsoft have agreed to build a 2.67-gigawatt natural gas plant in West Texas to power a Microsoft data center project, according to reports from Nasdaq and Investing.com.

SpaceX pursued a senior unsecured notes offering shortly after reporting a sizable cash hoard and a record IPO, with analysts voicing valuation concerns ahead of the bond launch

SpaceX’s public listing coincides with a $60 billion Cursor AI deal and a claimed $28.5 trillion total addressable market, fueling a week of notable market activity for the newly public company.

BitFuFu Inc. gains approval to repurchase up to $5 million of its Class A shares, lifting its stock on the buyback news

A long-term agreement will supply natural gas to fuel a Microsoft data center in Texas, reflecting Microsoft’s continued use of fossil fuels to meet rising demand from its AI infrastructure.

CRH announced a cash-based acquisition of Arcosa, valuing the infrastructure-focused company at about $8.5 billion, expanding its portfolio in infrastructure-related products.

CRH to acquire Arcosa, with cash offer of $150 per share, a deal valued around $8 billion according to reports.

Analysts weigh Broadcom and Marvell as AI stock options, while MarketWatch notes Alphabet and Microsoft as comparatively safer bets in the AI race

Market watchers warn that upcoming US equity issuances, led by high-profile tech names, could intensify a historically volatile IPO cycle.

AbbVie has agreed to purchase Apogee Therapeutics for $10.9 billion as part of a strategic expansion in next-generation immunology therapies.

Former Federal Reserve chairman Alan Greenspan has died at age 100, ending a long tenure that spanned nearly two decades under four presidents, and leaving a lasting imprint on central-bank discourse.

According to reports, U.S. and Iran discussions in Switzerland produced progress, with Tehran agreeing to reallow IAEA inspections and outlining a plan to keep the Strait of Hormuz open through coordinated mechanisms

Indian equities retraced after a five-day winning streak, with the Nifty 50 modestly higher and gains led by technology, healthcare and energy shares, according to multiple outlets.

The Bank of England moves to ease rules for systemic stablecoins, replacing holding limits with a 40-billion-pound issuance cap and offering favorable terms ahead of a 2027 market launch.

Two major outlets report that the Fed under Warsh will not provide a rescue framework for markets, while concerns about liquidity persist, shaping an unsettled outlook for equities and risk assets

Tencent has begun testing an artificial intelligence assistant inside WeChat, aiming to leverage China’s most popular messaging app to broaden its AI services and close the gap with rivals.

Tesla shares slid as Jefferies warned its robotaxi and humanoid push would initially weigh on profits ahead of July 22 results, while Wolfe Research flagged a disappointing autonomy ramp — refocusing the market on the unproven AI bets that underpin Tesla's valuation.

Take-Two shares have rallied as Rockstar confirmed Grand Theft Auto VI pre-orders open June 25 ahead of a November 19 release, putting a firm date on what analysts expect to be one of the biggest entertainment launches ever — though the stock's run-up leaves room for disappointment.

Toronto-Dominion Bank plans to run WorkiQ tracking software for staff in its financial-crime and risk unit, logging time in browsers, chat and meeting tools — a productivity drive that has stirred privacy and consent concerns as workplace monitoring spreads across finance.

Micron reports fiscal Q3 results on June 24, with guidance near $33.5 billion in revenue and roughly 81% gross margins as a high-bandwidth-memory boom for AI reshapes the business — a print widely seen as a key test of whether the memory supercycle is structural or cresting.

Ethereum layer-2 Taiko halted block production and urged users to exit all its bridges after a chain-state verification flaw let an attacker forge bridge messages and drain about $1.7 million — the latest in a June marked by more than 20 crypto hacks.

Citigroup raised its year-end Nikkei 225 target to 90,000, one of Wall Street's most aggressive calls, citing Japan's tech- and AI-driven bull market, a weak yen and corporate reforms — implying sizeable upside from the index's recent break above 70,000.

With Starmer resigning and a Labour leadership contest set to conclude in early September, frontrunner Andy Burnham has become the focus of investor anxiety over UK fiscal discipline — though sterling's slide to three-month lows and steady gilts suggest markets had largely priced the change.

An explosion and fire at the Barzan gas facility in Qatar's Ras Laffan complex late Sunday injured 54 people and left 18 missing, blamed on a technical malfunction during a restart — a fresh blow to the world's largest LNG hub as it recovers from wartime damage.

Following a shift in expectations, Bank of America now sees three Fed rate hikes this year, while commentators note a sizable portion of FOMC participants anticipate at least one hike during the year under new chair Warsh

Sterling steadies near the 1.3000 level after news of Keir Starmer's resignation and reports of Downing Street staff departures, with markets largely expecting the developments amid ongoing political pressure

Following a blockbuster IPO that pegged SpaceX near a $2 trillion valuation, the stock eased in the two days of trading after a strong debut rally, with investors parsing the post-IPO move and broader market impulses.

Castlelake reportedly failed in its third attempt to acquire EasyJet with a 625 pence per share offer, which was rejected by the British airline as a deadline concluded without a deal.

Lisi shares rose after Berenberg initiated coverage with a Buy rating, citing a positive long-term outlook as investors weigh defense and tech-market dynamics highlighted by defense and space industry coverage.

UK Prime Minister Keir Starmer is set to present a timetable for his departure, amid escalating calls to resign and a defining day in UK politics

Colombia’s right‑wing candidate Abelardo De La Espriella has secured a narrow victory in the presidential contest, with reports noting his backing from Donald Trump and a close overall result.

Iran's crude flows via the Strait of Hormuz reportedly rise to their highest level since before the conflict, while threats of renewed strikes and renewed restrictions on Hormuz weigh on oil markets and stock futures.

Oil prices edged lower after reports that the United States and Iran agreed on a 60-day roadmap toward a final deal, with the talks conducted under a memorandum of understanding and linked to broader regional ceasefire arrangements

As US-Iran discussions advance, bitcoin trades around $64k while crypto generally weakens; gold rebounds and stocks rally on a softer backdrop for the Fed, with oil price movements noted

Beijing responds to the Pentagon's expanded blacklist by curbing trade with dozens of American firms and targeting rare earth materials linked to U.S. military-linked entities, according to reports from CNBC and ForexLive.

Oil declines amid diplomatic developments as the U.S. and Iran outline a framework to end conflict, while the USD/JPY moves above 161 following the FOMC announcement.

Oil prices edged higher as a threat of renewed U.S. action against Iran coincided with ongoing US-Iran peace talks, with Brent benchmark gaining after a choppy start to negotiations.

Reports say Kevin Warsh, tapped by Trump to succeed Powell, signaled a broad restructuring of Fed processes and tasked groups to rethink core operations, signaling a quiet shift in policy approach