Market news archive — page 27
Every brief published by the FXMARE News Desk, newest first — 1,502 articles.
- CryptoCFTC imposes permanent trading ban on former Celsius chief Alex Mashinsky
The U.S. Commodity Futures Trading Commission has finalized a ban that bars convicted Celsius founder Alex Mashinsky from trading in CFTC-regulated markets or registering with the agency.
- CryptoEthereum Foundation leadership departures continue with Hsiao-Wei Wang exit
Hsiao-Wei Wang has left the Ethereum Foundation, extending a recent wave of senior departures and renewing questions around governance and the network’s direction.
- EconomyWaymo recalls nearly 3,900 robotaxis over freeway construction-zone issue
Alphabet’s Waymo is recalling 3,871 U.S. robotaxis after a software problem was found that could allow some vehicles to enter closed freeway construction zones.
- ForexCanadian dollar slides as dollar index climbs on hawkish Fed outlook
The U.S. dollar extended its rise to a more than one-year high after the Federal Reserve kept a hawkish tone, pressuring the Canadian dollar and weighing on the TSX.
- EconomyCME challenges CFTC over rules tied to perpetual futures offerings
CME Group has sued the U.S. commodities regulator over its handling of perpetual futures, in a case that also touches on how crypto-linked derivatives are classified.
- StocksSpaceX shares slide as post-IPO enthusiasm begins to fade
Shares of SpaceX fell after an initial surge following the company’s IPO, signaling that the early rush of investor demand is easing.
- MarketsVance says U.S. will give Iran nothing upfront under Trump-backed deal
Vice President JD Vance defended the Trump administration’s Iran arrangement, saying any resources would depend on full compliance as a 60-day period under the deal begins Thursday.
- CommoditiesUS energy regulators push grids to revisit rules on AI data center power access
Federal regulators are backing a push to speed electricity connections for AI data centers, while states and grid operators warn the move could weaken their authority.
- EconomySanDisk and Micron climb after Apple signals memory costs are being passed through
Shares of memory-chip makers rose after reports that Apple acknowledged higher memory costs, reinforcing signs that supply remains tight despite industry efforts to expand output.
- StocksSpaceX Enters the $2 Trillion Club as Wall Street Watches Its Next Move
Nasdaq said SpaceX has joined a small group of mega-cap names valued at $2 trillion or more, while CNBC reports the stock was also among the names drawing analyst attention and premarket movement.
- EconomyPhilly Fed activity rebounds as weekly jobless claims edge lower
Fresh U.S. data showed a firmer Philadelphia manufacturing reading in June and a modest decline in weekly jobless claims, with both reports broadly matching expectations.
- ForexUS jobless claims ease while continuing claims tick higher
Weekly US claims data showed fewer new filings than expected, while continuing claims rose modestly and prior readings were revised slightly higher.
- StocksHIVE Digital shares rise after $220 million GPU cloud deal
HIVE Digital’s stock climbed after the company announced a $220 million GPU cloud agreement tied to Canada’s AI infrastructure buildout.
- EconomyFTSE 100 falls as BoE holds rates and commodity stocks weaken
The FTSE 100 moved lower after the Bank of England kept rates unchanged at 3.75%, while energy and mining shares came under pressure from softer commodity prices.
- StocksKBW backs CME shares as exchange prepares legal challenge over bitcoin perpetuals
KBW upgraded CME Group after reports it will sue the CFTC over bitcoin perpetual futures, arguing concerns around the products are overstated.
- StocksPfizer CFO Dave Denton to depart in August as company names interim finance chief
Pfizer said finance chief Dave Denton will leave on August 15 for an opportunity outside pharmaceuticals, with Cecile Guegan set to serve as interim CFO.
- CommoditiesHormuz reopening expected to add oil supply but shipping delays may linger
The Strait of Hormuz is moving toward reopening after a peace deal, but analysts say shipping backlogs and security checks could keep oil flows disrupted for some time.
- CryptoBitcoin slips near $64K after hawkish Fed remarks spark broad risk-off move
Bitcoin held near $64,000 after hawkish comments from new Fed Chair Kevin Warsh triggered a wider sell-off in risky assets, while some analysts pointed to $60,000 as a possible floor.
- MarketsAsian equities push higher as chipmakers and Japan hit record levels
Markets in South Korea, Taiwan and Japan rose to record or all-time highs, with semiconductor shares drawing attention after Apple flagged higher chip costs.
- EconomyIntel jumps after Trump says Apple will work with it on U.S. chip production
Intel shares rose sharply after President Donald Trump said the company would work with Apple on chip production in the United States, adding to a recent recovery in the stock.
- EconomyFed chair Warsh keeps rates steady as markets react to hawkish shift
The Federal Reserve left interest rates unchanged at its first meeting under Kevin Warsh, but markets moved lower after reports said the new chair signalled a sharper policy stance and ended traditional forward guidance.
- EconomyHawkish Fed tone lifts dollar-yen and splits global markets
A more hawkish Federal Reserve outlook revived talk of another U.S. rate hike, pushing USD/JPY to a two-year high and leaving global stocks and bonds with mixed reactions.
- CryptoBitcoin and ether fall as hawkish Fed stance offsets stock gains on Iran deal
Digital assets weakened after the Federal Reserve held rates but signaled greater concern over inflation, even as Asian equities rose and some currencies steadied on news of a US-Iran peace deal.
- CryptoFrance plans to end certification for products lacking quantum-resistant encryption
French cybersecurity authorities plan to stop certifying products without quantum-resistant encryption from 2027, with broader adoption of the standard targeted for 2030.
- ForexFed Holds Rates Steady as Warsh’s Hawkish Tone Lifts the Dollar
The Federal Reserve left policy unchanged for a fourth straight meeting, but a hawkish message from new Chair Warsh prompted traders to reprice the outlook and pushed the dollar higher.
- MarketsGoogle Gemini co-lead Noam Shazeer departs for OpenAI
Noam Shazeer, a Google vice president of engineering and co-leader of Gemini AI models, is leaving the company to join OpenAI, according to reports.
- CommoditiesMarkets react to Iran peace deal as oil eases and gold gains
Traders weighed a US-Iran peace deal, hawkish Fed signals and the possible market impact on energy, safe-haven assets and defense shares.
- MarketsCME plans legal challenge to CFTC over approval of perpetual futures
CME Group will sue the U.S. commodities regulator after it approved perpetual futures, according to outgoing CEO Terrence Duffy in comments reported by CNBC and Investing.com.
- EconomyApple flags price increases as AI demand drives up memory chip costs
Apple said higher component costs tied to the AI-driven rush for memory chips are leaving it with little room to absorb expenses, making price increases likely.
- MarketsSpaceX adds Roelof Botha to board, extending PayPal-era ties
Roelof Botha, a longtime Elon Musk associate from PayPal who later became a venture capitalist, is joining SpaceX’s board and its audit committee, according to reports.
- EconomyWarsh’s first Fed meeting signals continuity on rates and change inside the central bank
Kevin Warsh’s first meeting as Fed chair kept interest rates unchanged, but his initial moves and public signals suggest a broader effort to reshape the central bank’s structure and priorities.
- EconomyFed holds rates steady as projections point to a hike in 2026
The Federal Reserve kept its benchmark rate unchanged, but updated projections and a shorter policy statement signaled a more hawkish outlook.
- EconomyFed holds rates steady as traders watch Warsh's first press conference
The Federal Reserve left rates unchanged in its first decision under Chairman Kevin Warsh, while markets looked ahead to his debut press conference for clues on how communication may shift.
- EconomyJetBlue to trim Newark and LaGuardia operations as Fort Lauderdale focus grows
JetBlue is set to reduce its presence at Newark Liberty and New York’s LaGuardia while continuing to build out its operations in Fort Lauderdale, according to CNBC.
- CryptoIllinois budget adds 0.2% tax on digital asset activity, drawing crypto industry criticism
Illinois has moved to tax business activity involving digital assets at 0.2% in its state budget, a last-minute change that industry critics say could hit crypto users and firms in the state.
- MarketsStrait of Hormuz threat level eased after Iran deal, maritime group says
A U.S.-led maritime security center said risk around the Strait of Hormuz has been downgraded after a deal involving Iran, as reports pointed to calmer behavior by Iranian forces.
- StocksU.S. business inventories rise in April, matching forecasts
Commerce Department data showed U.S. business inventories increased in April as expected, while sales growth moderated and the inventory-to-sales ratio edged lower.
- StocksU.S. pending home sales rise far more than expected in May
A National Association of Realtors report showed U.S. pending home sales increased sharply in May, outpacing expectations after April’s reading was revised lower.
- StocksAllbirds deepens AI pivot with rebrand and new CEO appointment
The footwear company is moving further away from shoes and into AI infrastructure, while naming a former AWS executive as chief executive and sending shares sharply higher.
- StocksBitGo shares rise after $50 million buyback as stock remains well below IPO level
BitGo’s stock climbed after the company announced a $50 million share repurchase program, even as the shares remained about 65% below their IPO price amid weaker crypto sentiment.
- EconomyWarsh’s first Fed meeting seen as a communication test, not a rate move
Markets are watching Kevin Warsh’s first Federal Reserve meeting for signs of a shift in how the central bank communicates, while traders expect policy to stay unchanged.
- StocksU.S. Retail Sales Top Forecasts in May as Consumer Demand Holds Up
U.S. retail sales rose far more than expected in May, with broad measures of spending also beating forecasts in a Commerce Department report.
- StocksGenco Shipping rises after Diana Shipping lifts takeover bid
Diana Shipping raised its offer for the rest of Genco Shipping, sparking a jump in Genco shares as investors weighed the revised acquisition proposal.
- EconomyCME names Lynne Fitzpatrick chief executive to replace Terry Duffy in 2027
CME Group said longtime chief Terry Duffy will hand over the CEO role to CFO Lynne Fitzpatrick in 2027 as part of a planned leadership transition.
- EconomyMarkets watch Warsh’s first Fed rate decision and communication test
The Federal Reserve’s latest rate meeting is drawing attention as Kevin Warsh presides over his first policy decision, with investors also watching how he communicates the outcome.
- CryptoCongressional deal on housing bill revives CBDC ban through 2030
House and Senate leaders have reached a deal on a housing bill that includes a revived provision barring the Federal Reserve from issuing a digital dollar until 2030.
- CryptoBitGo pitches MiCA-compliant platform to European crypto firms facing deadline pressure
BitGo is seeking to attract European crypto businesses that need to adapt to MiCA rules, offering a regulated infrastructure option as licensing deadlines approach.
- StocksBMW profit warning hits European car stocks as China slowdown weighs
BMW’s lowered profit outlook rattled European auto shares, with investors also focusing on weaker demand in China and the fallout from the Middle East war.
- EconomyMarkets watch first Warsh-led Fed meeting as policy stays on hold
Investors are focusing on Kevin Warsh’s first Federal Reserve meeting as chair, with rates expected to stay unchanged and history suggesting new tightening cycles can weigh on stocks.
- CommoditiesIEA cuts oil demand outlook as Iran war reshapes supply and price expectations
The IEA lowered its global oil demand forecast after the Iran war disrupted supply, while oil prices hovered near three-month lows on easing tensions and supply-focused uncertainty.