Market news archive — page 32

Asset managers have filed for exchange-traded funds built around artificial intelligence and the newly coined “MANGOS” stock group as Wall Street looks for fresh ways to package the AI trade.

Snap fell sharply after unveiling its $2,195 SPECS augmented-reality glasses, as investors assessed the company’s push beyond smartphones.

A reported U.S.-Iran agreement could let Tehran resume oil sales quickly, but Barclays says physical supply chains through the Strait of Hormuz may still take weeks to normalize.

Oil prices fell sharply to a three-month low as markets priced in the possibility of wider access through the Strait of Hormuz, while questions remained over non-crude cargoes.

Reports said Elon Musk’s SpaceX has agreed to acquire Anysphere, the maker of Cursor, in a $60 billion all-stock transaction that would fold the AI startup into the company.

Rivian said it is reducing headcount by hundreds of employees, a move reported as less than 2% of its workforce and linked to the automaker’s R2 launch plans.

Snap is backing its new AR glasses as a long-term consumer bet, with CEO Evan Spiegel defending the product amid activist pressure and framing the device as part of a post-smartphone future.

Binance said its European regulatory application meets compliance standards after reports said Greek regulators were set to reject the request, warning that delays could affect liquidity.

Ripple has invested in Flutterwave in a deal that values the African fintech at $3.2 billion and will bring RLUSD and the XRP Ledger into cross-border payments across the region.

SpaceX has agreed to buy Cursor, an AI coding startup, in a deal reported at $60 billion after a prior agreement gave it the option to do so.

Olin and Huntsman have agreed to combine in an all-stock merger of equals as the chemicals industry faces a difficult operating backdrop.

A handful of well-known names moved sharply before the opening bell, with reports highlighting gains in SpaceX and Rackspace alongside declines in Edgewise Therapeutics and Huntsman.

Solana Company and another Solana treasury firm resisted acquisition offers from Forward Industries, while a third proposal reportedly expired without any response.

Labor Department data showed U.S. import prices climbed more than forecast in May, while export prices also increased, pointing to firmer trade-related price pressures.

Yum Brands is selling Pizza Hut to private equity firm LongRange Capital for $2.7 billion, ending years of weakness at the pizza chain.

Robinhood said it will reduce its workforce by about 10% as the company moves to flatten management layers and keep operations leaner.

BlackRock has introduced a bitcoin ETF aimed at capturing volatility-linked income, but the structure limits how much of bitcoin’s gains investors can keep.

Asian equities traded unevenly on Tuesday as investors weighed disappointing China data, a fading relief rally tied to the U.S.-Iran preliminary deal, and caution ahead of central bank meetings.

SpaceX’s post-IPO rally has pushed its market value to about $2.1 trillion, with reports saying the company is now positioned to move ahead of Amazon in market-cap terms.

Goldman Sachs trimmed its oil price outlook after reports that a US-Iran deal would reopen the Strait of Hormuz and ease a major supply-risk concern.

Asian currencies were little changed as hopes for easing Middle East tensions supported sentiment, while the Bank of Japan raised rates to a multi-decade high and attention turned to the Reserve Bank of Australia.

A U.S. Air Force B-52 Stratofortress crashed shortly after takeoff from Edwards Air Force Base, with the eight-member crew presumed dead, according to reports.

Dave & Buster’s Entertainment reported first-quarter earnings that showed lower profit than a year earlier, and the stock moved lower after the release.

China’s economy softened further in May as retail sales fell for the first time in more than three years, even as industrial output came in above forecasts.

General Motors is said to be discussing a role in supplying weapons parts to Lockheed Martin as the Pentagon looks to rebuild inventories and widen its defense-industrial base.

Oil prices fell after reports of a U.S.-Iran peace agreement, while U.S. emergency oil stocks were reported at their lowest level since 1983 and canola futures also weakened.

Nvidia’s planned $20 billion debt sale highlights continued demand for AI infrastructure and adds weight to the shift by some Bitcoin miners toward AI data centers.

Canadian equities and the Canadian dollar gained after reports of a U.S.-Iran peace agreement framework, adding to momentum from late last week.

Markets reacted to reports of a U.S.-Iran deal with a broad risk-on move in equities and a notable decline in European wheat futures.

Reports say tanker traffic through the Strait of Hormuz could recover quickly if a U.S.-Iran agreement is implemented, prompting Citi to lower Brent forecasts on expectations of smoother crude flows.

Redcare Pharmacy said trading in the first two months of the second quarter came in stronger than expected, prompting an increase to its full-year 2026 outlook.

Fresh trustee estimates have renewed concern about the long-term financing of Social Security and Medicare, with Medicare Part A facing a possible payment cut in about seven years.

Sugar prices were little changed after a reported U.S.-Iran agreement to reopen the Strait of Hormuz sent oil lower and eased pressure across energy markets.

Anthropic is set to meet with Trump administration officials after receiving an export control directive tied to access to its latest AI models.

Nvidia is returning to the corporate bond market with a $20 billion multi-tranche offering, its first such sale in five years, as investor demand for AI-linked credit remains strong.

U.S. stocks rallied and major grain futures fell after reports of a U.S.-Iran deal, with traders reacting to the easing of geopolitical concerns and shifting commodity prices.

Rocket Lab shares recovered after a recent slide tied to SpaceX listing concerns, with one analyst arguing the weakness in the stock was not justified.

Strategy expanded its bitcoin holdings with a fresh $100 million purchase, lifting its total stash to 846,842 BTC after funding the move with reserve cash and recent stock sales.

Tom Lee-linked BitMine added more ether after a preferred stock sale, pushing its Ethereum holdings above 5.6 million tokens and more than $10 billion in value.

SpaceX’s share sale reached a total of $85.7 billion after underwriters exercised an overallotment option, while investor Ron Baron said he bought $1 billion of shares.

Bio-Techne shares rose after activist investor Ananym Capital disclosed a stake and called on the company to consider strategic alternatives, including a possible sale.

Salesforce is set to acquire AI customer service platform Fin for $3.6 billion, a move aimed at strengthening its agentic offerings as competition in enterprise AI intensifies.

Salesforce said it has signed a definitive agreement to acquire Fin, an AI customer agent platform formerly known as Intercom, for roughly $3.6 billion.

American Express said it plans to acquire TheFork from Tripadvisor for $700 million, a move that lifted both American Express and Tripadvisor shares in pre-market trading.

A US-Iran deal prompted a relief move across energy, shipping and crypto markets, though traders and shippers remained wary of how durable the change may be.

Fox said it has reached an agreement to acquire streaming device maker Roku in a transaction valued at roughly $22 billion in enterprise value.

Energy prices declined in European trading as reports pointed to a U.S.-Iran agreement and related diplomatic developments in the Middle East.

Markets reacted to a weekend U.S.-Iran peace deal with weaker oil prices, gains in several stock markets and a mixed response across other assets.

Reports said a UFC contest at the White House brought together sport and politics, while fighter bonuses were paid in USD1, a stablecoin linked to Trump-backed World Liberty Financial.

Reports of a U.S.-Iran agreement and planned talks eased some inflation concerns, pushing Treasury yields lower and prompting traders to rethink the path of Fed rate hikes.