Market news archive — page 31

June U.S. retail sales edged higher on stronger motor vehicle and parts dealer activity, while gas stations posted a notable decline, with inflation-adjusted sales also up modestly for the month.

Alpaca secures $135 million in funding to scale its tokenized stock infrastructure, with extensive custody of underlying assets and expansion into tokenized markets and AI-native finance.

Distribution Solutions Group agrees to be acquired by LKCM Headwater affiliates for $35 a share in cash, with the deal sending the stock higher in pre-market trading and fueling a notable one-day rally.

Merck receives U.S. FDA approval for Lipfendra, the first oral cholesterol-lowering pill to meet the regulator’s approval standards, according to reports from CNBC and Investing.com.

The Philadelphia Fed’s July manufacturing index jumped sharply, outperforming forecasts and reflecting stronger activity in the region’s factory sector.

U.S. retail activity edged higher in June, signaling continued consumer spending strength despite higher interest rates and energy-price uncertainty.

State Street posted a double‑digit jump in quarterly profit, driven by higher fee income, according to multiple outlets reporting on the second quarter results.

Premarket trading sees UnitedHealth rally while semiconductor peers pull back, following TSMC earnings that influenced traders ahead of the regular session

U.S. initial jobless claims dropped to 208,000 last week, underscoring ongoing resilience in the labor market amid softer economic activity elsewhere.

U.S. Bancorp reported a record quarterly net revenue on the back of loan growth, with BTIG contributing to expansion and the company guiding solid revenue growth for FY26

Citizens Financial Group reports higher second-quarter earnings, boosted by stronger net interest income and fee income, according to multiple outlets.

Eli Lilly agreed to acquire psychedelic drug developer AtaiBeckley for 2.8 billion dollars, with investors and markets reacting to the strategic move into experimental therapies based on DMT and MDMA

Swedish Orphan Biovitrum reported a rise in quarterly net income and issued full-year guidance for FY26, prompting attention from investors and market participants.

Tether has placed a $20 million investment into Argentine neobank Ualá, joining a funding round that was disclosed earlier and highlighting a regional expansion strategy while regulatory constraints prevent immediate USDT use

Vinci SA via its VINCI Energies unit launches a voluntary public tender offer to acquire All for One Group SE, sparking a sharp rally in the German business software specialist's shares.

Hyundai Motor is set to acquire SoftBank's stake in Boston Dynamics, underscoring Hyundai's renewed focus on robotics and automation as part of its broader technology strategy.

TSMC reports a record quarterly performance with a 77% jump in profit, while the stock slides in New York as investors take profits on the news

ABB agrees to acquire Rotork in a deal valued at roughly $5.5 billion, triggering a sharp rally in Rotork’s stock as investors digest the strategic move.

A nonbinding Senate resolution voiced unanimous opposition to clemency for Sam Bankman-Fried, coming after reports that he had sought presidential clemency and in the broader context of clemency discussions involving other crypto figures.

Uber agrees to acquire Delivery Hero in a cash deal valuing the delivery platform at about $14.8 billion, with a per-share price of €41.50.

BHP flags weaker copper production for fiscal 2027 after a fourth-quarter dip, while iron ore output rebounds, signaling a mixed near-term commodity profile for the miner.

Hong Kong-listed shares of Alibaba and Baidu climbed after news that Apple secured approval to pursue artificial intelligence initiatives in China, signaling a potential deeper tech collaboration amid U.S.-China AI rivalry.

Taiwan Semiconductor Manufacturing Co. posted stronger-than-expected second-quarter profit as demand for high-end chips tied to AI applications supports earnings, following earlier June revenue data.

Washington imposes a 25% tariff on most Brazilian goods, with a separate forced-labor probe proposing an additional 12.5% duty that could stack on top

Bitcoin climbs toward $65,000 on softer inflation data, while on-chain indicators point to selling by two investor groups into the rally, with Ether and Solana also higher.

Reports say the US conducted a second wave of military strikes on Iran, with targets including Bandar Abbas and Iranian military capabilities used to threaten vessels at sea

Investors anticipate continued strength in aerospace and defense exposure as Morgan Stanley prepares for its second-quarter 2026 update, according to multiple outlets.

Investors await a slate of data on retail sales, jobless claims and manufacturing to gauge inflation risks and economic momentum

Two distinct market observations point to oversold readings on an RSI basis, with the EUR/NZD pair and Ondas showing potential stretched moves as traders weigh momentum and fear

United Airlines confirms a roughly $6 billion increase in fuel expenses for the year, while reporting stronger revenue in several ticket categories and routes

Jesse Pollak steps back from leading the Base app, handing control to Coinbase’s Cobie-famed leader while refocusing on Base’s broader blockchain vision after admitting the on-chain social push did not land as intended.

Reports confirm Dave Brown is leaving Amazon Web Services after roughly 18–19 years, with roles spanning key compute and machine learning units and advisory work to the CEO

Jay Clayton, President Trump's nominee for director of national intelligence, has indicated he will not directly state that Joe Biden won the 2020 election, as the Senate Intelligence Committee begins consideration of his nomination.

Senate Democrats question White House influence at the Fed as Warsh asserts frequent contact with the administration while stressing the central bank’s autonomy

The U.S. regulator is weighing a rule change that would eliminate the 39% cap on local television ownership, a move spurred by a recent high-profile station sale and broader consolidation trends.

Anthropic is preparing for a potential IPO, with bankers arranging investor meetings as the AI startup weighs a public-market debut possibly in October, according to multiple outlets.

An attacker manipulated Ostium's price feeds by compromising an oracle signer key, triggering an $18 million payout on the Arbitrum-based perpetuals exchange

DTCC conducts live production trades of tokenized securities, signaling progress in tokenization of real-world assets within Wall Street’s infrastructure

Cantor Fitzgerald and Securitize are building infrastructure to support blockchain-based IPOs and tokenized securities within the U.S. public markets framework.

SpaceX shares extended losses for a fourth straight session, dipping below the initial $135 IPO price after joining the Nasdaq-100, signaling a cooling in a blistering rally.

Canada's market trades in positive territory as the Bank of Canada keeps its policy rate unchanged, with a constructive assessment of domestic recovery amid oil-market uncertainties.

A string of reports describe inflation data as supportive for Fed Chair Kevin Warsh and equities, with Warsh testifying in Congress as Buffett comments on his appointment

New York Fed President John Williams argues inflation has likely peaked, outlining five factors that support a slowdown in price pressures and keeping policy expectations unchanged

Markets held steady as investors awaited June producer price inflation data, weighing a rebound in oil against signs of cooling inflation pressures and a softer crypto rally.

Berkshire Hathaway’s portfolio has been reshaped under new leadership and strategy coordination, with Buffett himself noting he initiated the group’s investment in Alphabet, while long-standing structural changes tied to the firm’s succession continue to unfold.

Johnson & Johnson beat expectations for the quarter as its medicines division supported results, prompting an upward revision to its full-year outlook.

Morgan Stanley reports higher second-quarter profit driven by dealmaking strength, with Morgan Stanley upgrading CAVA Group stock following the firm’s analysis and outlook.

Industry observers expect a surge in AI-related capital expenditures to exceed one trillion dollars next year, with certain industrial names positioned to benefit as data-center infrastructure and ancillary supply chains scale.

Alibaba’s U.S.-listed shares advance after China approves Apple’s Qwen-powered AI services for integration into Apple Intelligence, with regulators naming AI providers in an official list

Kathryn Ruemhler (Ruemmler) will be questioned by a U.S. House panel over emails connected to Jeffrey Epstein as she prepares to leave Goldman Sachs, according to multiple outlets.