Market news archive — page 37

SBI Crypto will discontinue its Bitcoin mining pool, urging miners to redirect their hashrate before a July 31 cutoff as the pool ceases accepting contributions.

Major U.S. banks Goldman Sachs and Morgan Stanley will match up to $1,000 in contributions to Trump Accounts opened for employees’ children, expanding a growing corporate program

Reports detail undisclosed holdings and a late-disclosed stake in Strategy, a government contractor tied to a Bitcoin-related firm, with market impact noted as the investor position reportedly declined

Jersey Mike’s Subs has filed to go public, highlighting strong same-store sales growth and a large national footprint as it aims for a NYSE listing under JMKE

UBS analysts nominate Vertiv and Nvidia as leading stock ideas for the third quarter of 2026, while Seabridge Gold ranks 32nd among brokerages' metals picks, according to separate reports.

The Treasury disclosed that Trump Accounts will be invested through ETFs from State Street, BlackRock and Vanguard, highlighting Vanguard's small-cap value option for cost considerations

June payrolls expanded far less than expected, while the jobless rate declined, signaling a cooling labor market amid a slower rate of hiring.

Standard Chartered becomes the first global systemically important bank authorized to mint and redeem Circle's USDC for institutional clients, launching in Dubai’s DIFC with plans for broader rollout.

Rivian reported second-quarter production of 12,613 and deliveries of 12,194 from its Normal, Illinois facility, prompting an upward revision to its delivery outlook for fiscal 2026 and a roughly 5% stock reaction.

Microsoft launches a dedicated AI implementation unit backed by a $2.5 billion commitment and a 6,000-employee team to help customers adopt artificial intelligence.

Rivian raises its 2026 delivery target after solid second-quarter demand, with a new range suggested alongside broader shifts in US vehicle sales expectations

June nonfarm payrolls rose by 57,000, well below expectations, with the unemployment rate reported at 4.2%, prompting market reassessment of Fed rate-hike timing

As traders await key US employment figures, Canadian futures and European equities tread higher, with defensive names lifting sentiment amid easing momentum in AI-driven tech gains.

Yara International to acquire Gulf Coast Ammonia’s Texas City facility through its U.S. subsidiary for about $1.3 billion, expanding its North American footprint.

In a CNBC interview, Robinhood chief Vlad Tenev discussed the potential for AI-powered trading agents to reach the capabilities of human traders.

Solana Foundation unveils protocol-level governance framework, enabling validators with substantial delegated SOL to publish proposals and signal network direction through a formal on-chain process.

Nvidia unveils a program that lets AI-focused startups trade access to its computing power for a share of future profits, as reported by CNBC and Investing.com.

Reports say OpenAI is examining a plan to grant the U.S. government a 5% equity stake to broaden public ownership and ease political scrutiny over AI developments.

Metaplanet reports a fresh tranche of bitcoin purchases that lifts its publicly traded treasury to more than 43,000 BTC and flags strong revenue from its income-generation strategy

USD/JPY slides sharply as speculation grows that Japanese authorities may have defused upward pressure ahead of the NFP release, while gold sits near a major retracement level near $4,000 ahead of the U.S. jobs report

Reports indicate OpenAI discussed offering the U.S. government a 5% equity stake during early talks in the Trump administration, as regulatory scrutiny of AI models intensifies

Apple reportedly plans at least five new iPhone models through early 2027 and is weighing Chinese memory suppliers and Chinese-made chips as part of its foldable-phone strategy, according to multiple outlets.

European equities faced modest declines as AI-related shares pressured sentiment, while traders awaited U.S. employment data that could influence global rate expectations.

Bitcoin cleared the $60,000 level after remarks on inflation risks, with ether and Solana also advancing as the broader crypto complex posted gains

Media reports say OpenAI proposed granting the U.S. administration a 5% stake as a move to ease regulatory and political pressure in Washington

EUR/GBP moves decisively through a crucial level as market expectations around ECB and BoE yield paths shift, with traders also watching related EUR cross setups such as EUR/NZD amid hawkish ECB messaging

Meta Platforms jumps on reports of an AI cloud business, while Asian chip stocks fall on indications of efficiency gains at OpenAI, signaling divergent tech-driven moves across markets

Oil prices eased after talks between the U.S. and Iran in Doha wrapped up, with observers citing improving dialogue and ample supply as pressure factors.

Nasdaq reports SpaceX’s IPO includes a 366-day lockup on Elon Musk’s shares, while Investing.com notes Musk rebutting claims of an AI handset prototype shown before the IPO, underscoring tension between the company’s private cash strategy and public narrative.

Fans sue StubHub over cancelled tickets, political ties surface, and analysts weigh the World Cup's potential labor-market impact alongside broadcaster strains.

Prominent tech analyst Dan Ives is leaving Wedbush to launch a new venture described as a modern merchant bank focused on AI-enabled technology and advisory services.

Bitcoin rebounds from a 21-month trough and rises back toward the $60,000 mark as softer U.S. data reduces expectations of prolonged hawkish policy

Analysts note GE Vernova’s strong first half of 2026, with service revenue from long-term agreements highlighted as a key earnings driver for the second half.

Robinhood broadens its crypto footprint by extending perpetual futures into Europe while signaling a forthcoming UK crypto launch, as reports depict a broader push to integrate crypto and traditional finance.

A new independent nonprofit, backed by BitMine, SharpLink, and Joe Lubin, will act as a liaison to financial institutions seeking to participate in Ethereum on-chain infrastructure.

Stock investors trim gains in top AI chip names, prompting a decline in Sandisk shares as profits are taken across the sector

Analysts question a large Circle sell-off amid signals that a new stablecoin project could intensify competition to USDC, with investment bankers cautioning against premature expectations of a near-term market shift.

Fed Chair Warsh indicated inflation risks have eased and reaffirmed a commitment to the 2% target, while bitcoin pressured higher toward $60,000 amid AI and policy questions.

Wedbush analyst Dan Ives argues Starlink will prop up SpaceX’s profits in the near term, while highlighting Starship as a key asset; the stock activity recently touched the debut price noted in June.

U.S. crude inventories fell in the latest weekly EIA report, with gasoline and distillate parts of the complex showing mixed movements, while crude futures traded near the mid-$60s to $69 area following the release.

New ethics disclosures detail substantial stock activity and a multi-million loan, highlighting outside financial interests alongside a claimed 2025 revenue tied to those holdings.

According to Reuters reports cited by Investing.com and ForexLive, OPEC+ is likely to raise August oil output quotas by 188,000 barrels per day as part of a gradual unwinding of voluntary production cuts.

The US ISM manufacturing index eased to 53.3 in June from 54.0, staying in expansion but showing softer output and export orders alongside a sharp drop in the prices-paid gauge to 73.0, signaling cooling cost inflation.

Indirect technical talks between the US and Iran are underway in Doha with Qatar and Pakistan mediating, as President Trump struck an upbeat tone and oil prices eased on reduced fears of a Middle East supply disruption.

US and European stocks slipped at the start of the second half as US-Iran tensions weighed on sentiment and technology shares that had led the first-half rally retreated, with oil holding lower and a key US jobs report looming.

The euro weakened broadly after softer-than-expected June inflation reinforced the view that the ECB is done hiking, shifting the market's focus toward eventual rate cuts and leaving the currency exposed as a hawkish Fed keeps the dollar near a one-year high.

OPEC+ is expected to raise August output quotas by 188,000 barrels per day at its Sunday meeting, continuing its gradual supply restoration into a soft market where oil has slipped on US-Iran talks progress and record US production.

Bitcoin fell in both Q1 and Q2 of 2026, only the third such start in its history, and enters Q3 with less leverage but thinner liquidity after a $8.35 billion long-liquidation reset, ETF outflows and weaker institutional buying.

Government-backed Trump Accounts for children launch July 4 with government seed money, but their design bars bonds and international stocks, concentrating the accounts entirely in US equities and drawing attention to the lack of diversification.

The North American auto industry faces renewed uncertainty as the US holds out for changes to the USMCA trade pact while Canada and Mexico push to preserve it, with the deal's rules of origin the key sticking point.