Market news archive — page 29
Every brief published by the FXMARE News Desk, newest first — 2,720 articles.
- StocksJersey Mike’s IPO priced at $23; shares slide on debut
Jersey Mike’s began trading in New York after pricing its IPO at $23 per share, with shares retreating on their first day of public market trading
- MarketsReformation opens flat after IPO priced at $15 on NYSE
Retailer Reformation priced its IPO at $15 and opened trading flat on the NYSE under the ticker REF, according to reports from CNBC and Investing.com.
- ForexYen Surges on Suspected BOJ Intervention Ahead of Rate Decision
The yen jumped on reports of suspected official intervention as traders awaited an imminent Bank of Japan rate decision, with analysts noting possible yen-buying activity amid ongoing speculation.
- EconomyUS Jobless Claims Dip Modestly as Markets Digest Labor Data
New weekly unemployment claims showed a modest rebound, with initial claims near expectations and ongoing claims moving in a tighter band, as market participants parsed the data for clues on the labor market's trajectory.
- MarketsFerrari CEO defends Luce debut as orders meet expectations
Ferrari's chief executive says the Luce electric vehicle launch is satisfactory and orders are in line with expectations, despite early criticism surrounding the polarizing model.
- CryptoBitRiver founder charged in Russia; Australia targets Telegram over terror content
Russian authorities charge BitRiver founder Igor Runets in an alleged $8 million crypto mining equipment fraud; days later, Australia moves to punish Telegram over failing to remove terror-related content, with a potential multi-million-dollar penalty.
- EconomyUS PCE inflation eases in June; core gauge holds at 3.3% amid cooling headline price index
June PCE inflation cooled for the first time since the pandemic, with the core measure at 3.3% and headline PCE down 0.1% month over month, reinforcing a slower price-trend backdrop alongside a softer Q2 growth pace
- StocksICE to acquire MarketAxess in $167 per share deal valuing around $5.7 billion
Intercontinental Exchange agrees to buy MarketAxess for $167 a share in a transaction valued at about $5.7 billion, expanding ICE’s footprint in electronic fixed-income markets.
- ForexBOE holds Bank Rate at 3.75% as MPC split; dollar regains traction after Fed pause
The Bank of England kept Bank Rate at 3.75% at its July meeting amid a mixed MPC vote, while the U.S. dollar recouped losses after the Fed left policy unchanged and markets weighed geopolitical risks driving inflation expectations.
- StocksQ2 Profit Advances Across Multiple Industrials
Several U.S. industrial names reported higher second-quarter profits, with firms including Myers Industries, Huntington Ingalls, Quanta Services, Trinity Industries and KKR delivering year-over-year gains and fueling stock activity.
- StocksNorwegian Cruise Line shares slide despite quarterly profit rise
Norwegian Cruise Line Holdings posted higherprofit in Q2, even as its stock traded lower amid broad market activity and investor scrutiny on the wind-down of pandemic-era boosts.
- CryptoLuno trims 20% of workforce as automation reshapes its strategy
Luno reduces global staff by a fifth amid an automation-led shift away from retail trading toward institutional infrastructure, following a prior large cut in early 2023
- StocksCheck Point Software shares slide as Q2 earnings rise
Investors react to Check Point Software Technologies' second-quarter results, with shares easing despite an uptick in earnings and sales
- EconomyYum Brands posts solid results as Taco Bell cyclospora outbreak looms
Yum Brands reported solid results while signaling uncertainty around a cyclospora outbreak linked to Taco Bell, a factor that could weigh on its near-term momentum.
- StocksAir Products slips to Q3 loss, raises EPS outlook for Q4 and FY26
Air Products and Chemicals reported a Q3 net loss and, despite the setback, raised its expectations for EPS in Q4 and the 2026 fiscal year, prompting a mixed market reaction as shares traded higher on the day
- EconomyEuropean earnings season shows mixed results as profits swing across sectors
European corporate results painting a mixed picture as several large firms report varying trends in profit, margin drivers, and forward guidance.
- StocksStellantis swings to profit as North American demand lifts Q2, shares slide
Stellantis reports a profitable second quarter on stronger North American demand, while shares decline on the back of the quarterly results
- EconomyWacker Chemie and Chipotle lift full-year guidance after earnings updates
Two major issuers raised their full-year guidance following quarterly results, signaling stronger-than-expected performance in chemicals and fast-casual dining trends.
- EconomyShell profits surge as energy prices lift earnings amid mixed Q2 results
European earnings season shows a mix of outcomes, with Shell reporting a sharp profit increase driven by energy prices, while other companies release mixed Q2 results and guidance
- StocksShell profits jump on higher prices; BW Energy posts higher Q2 profit
Shell reports a surge in second-quarter profit driven by higher realised prices despite weak volumes, while BW Energy also logs a uptick in Q2 profit aided by higher oil prices and volume gains.
- StocksChina robotics shares slide as Beijing vows retaliation over U.S. robot ban
Investors watch fallout as Beijing warns of retaliation after the U.S. imposes a ban on humanoid/robot technology, with China signaling adverse moves and citing a confrontational stance from the FCC
- StocksSamsung Q2 operating income climbs on AI-driven demand
Samsung reports higher Q2 operating income driven by AI-related demand, signaling strength into the second half of the year amid improving AI memory demand
- EconomyQ2 earnings lift outlooks across sectors as firms report growth
A wave of second-quarter results shows mixed growth and updated guidance across industrials, materials, and energy related firms, with some raising full-year 2026 outlooks while others trim production forecasts amid market headwinds
- EconomyZhongji Innolight slips in HK debut after $6.8B IPO
Zhongji Innolight began trading in Hong Kong with shares easing on the first day, as investors weighed AI sector jitters against the company’s record IPO size.
- ForexDollar slides after three Fed officials vote for hike
Markets contested a split Federal Reserve stance as a minority of officials favored a rate hike, leaving the dollar weaker amid stubborn inflation and a cautious risk backdrop
- EconomyUS stock futures rise as Microsoft surges after earnings
Futures for the major indices edged higher as Microsoft reported strong earnings, helping to offset concerns from the Fed's decision to hold rates steady
- ForexU.S. resumes strikes on Iran as conflicts escalate and oil markets react
Reports indicate U.S. forces resumed strikes inside Iran in retaliation for a surprise missile attack, with markets noting an initial oil price response and media speculation about potential follow-on actions.
- EconomyOpenAI July revenue tops entire Q2, CFO says
OpenAI reported July revenue on an annualized basis that exceeded the company’s entire second-quarter revenue, according to comments from the CFO to employees.
- EconomySamsung Q2 profit surges on AI chip demand outweighing mobile weakness
Samsung Electronics reported a sharp rise in second-quarter profit driven by strong demand for its AI-focused chips, offsetting ongoing softness in its mobile segment.
- StocksDow’s 1,000-point drop followed by modest near-term weakness; Tesla sits slightly above 52-week low
Markets faced a notable Dow drop of about 1,000 points, with historical context suggesting weakness in the immediate week after such moves, while Tesla traded about 3% above its 52-week low on Tuesday.
- CryptoRobinhood posts record quarter as volatility drives trading and prediction markets surge
Robinhood reports a record quarter with $1.31 billion in revenue as prediction markets surge while crypto revenue declines
- StocksFord beats earnings, lifts 2026 guidance on production strength; Carvana slides after guidance miss
Ford shares rise after an earnings beat and higher 2026 guidance tied to stronger production, while Carvana declines on guidance that fell short of expectations, underscoring divergent outcomes in the auto sector
- ForexFed holds rates; guidance shift keeps markets wary ahead of September
With the Fed keeping policy unchanged, traders focus on the reduced emphasis on forward guidance and the potential for a September rate move amid upward pressure on energy prices
- EconomyBond market hurdles Warsh on inflation as 30-year yield climbs to 2007 high
Markets questioned the firmness of the inflation fight as Treasury yields surged, with the 30-year benchmark hitting a level not seen since 2007 and investors signaling skepticism about Fed actions
- MarketsChipotle raises annual forecast as diners return for bowls
Chipotle lifts its annual sales outlook on stronger foot traffic and growing demand for its bowls, even as the stock remains down for the year and investors weigh the stock’s broader trajectory.
- StocksQualcomm slides as weak guidance prompts price strategy amid memory squeeze
Qualcomm shares moved lower after cautious Q4 guidance, with leadership signaling price increases to offset higher costs amid a broader memory shortage
- CryptoMoonPay launches PayBox vault enabling ChatGPT and Claude to authorize crypto moves
MoonPay introduces PayBox vault that embeds a crypto wallet in AI chat agents, allowing users of ChatGPT and Claude to authorize purchases, swaps, and cross‑chain transactions while preserving asset custody.
- CryptoFed holds rates steady as crypto reacts: Bitcoin and Ethereum wobble
With the Fed keeping the federal funds rate within a fixed range, key digital-asset markets faced renewed volatility as markets priced in the central bank’s unchanged stance and potential future policy signals.
- StocksHims & Hers shares slide as FTC sues over data and billing practices
The FTC filed a lawsuit against Hims & Hers over health data practices, including alleged sharing with Meta and Snap, alongside billing and subscription cancellation concerns
- EconomyFed holds rates at 3.50-3.75% as hawkish dissent crops up
The Federal Reserve kept its federal funds rate at 3.50-3.75% in a 9-3 vote, with three members voting to raise, signaling a wary stance as markets await policy direction under new leadership
- StocksApple shares reach new highs as traders weigh moves amid leasing program launch
As Apple extends its rally to fresh all-time highs, traders assess the impact of a new leasing program and how it could influence the stock’s momentum.
- CommoditiesGold, USD/JPY and risk assets poised as Fed decision murkiness grows
Markets weigh Fed decision risk against ongoing macro tensions, with USD/JPY near a multi-year high, gold under pressure near key support, and equities monitoring developments in the Middle East.
- EconomyMicrosoft earnings eyed as Azure growth and AI capex dominate investors' focus
Investors await Microsoft's post-market results to gauge Azure expansion and AI-related capital spending plans, amid broader scrutiny of corporate capex among tech peers
- StocksAI rally lifts Vertiv shares as Coinbase faces slower crypto activity ahead of earnings
AI-driven equity enthusiasm supports industrials while Coinbase faces slower crypto trading ahead of its upcoming earnings, reflecting a mixed backdrop for tech and crypto stocks
- MarketsEnergy stocks rise as oil jumps on Middle East tensions
Energy sector gains on rising oil prices linked to Middle East tensions, while the Canadian market trades lower as financials and materials weigh on the index
- MarketsDoorDash launches in‑house drone delivery program after FAA certification
DoorDash announces the start of an autonomous drone delivery program following certification from the U.S. aviation regulator, marking a shift away from reliance on human couriers.
- StocksCaterpillar downgraded as data-center buildout faces regulatory headwinds
Analysts cite rising regulatory risks tied to data-center expansion, prompting a downgrade and renewed focus on Caterpillar's exposure to a tech-driven construction cycle
- MarketsLawmakers urge SEC probe into Trump Media fast-feed paid service
Democratic lawmakers call for an SEC inquiry into Trump Media’s paid fast-feed service, citing potential market impact from Trump’s Truth Social posts
- StocksPolyPid's D-PLEX100 NDA cleared for Priority Review by FDA
The FDA accepted PolyPid's NDA for D-PLEX100 and granted Priority Review, sending the company's stock higher as markets weighed the potential milestone for the surgical infection treatment.
- EconomyARK Adds to Nvidia Position as Stock Faces Monthly Slump
Cathie Wood's ARK funds again increased their Nvidia holdings amid a decline in the stock over the past month, even as profit targets for the company continue to rise according to multiple outlets.