Market news archive — page 39

Beijing said it was strongly dissatisfied after the Pentagon added several major Chinese companies to a list of firms it believes have supported China’s military.

The Bank of Canada held its overnight rate at 2.25% on June 10 for a fifth straight meeting, balancing the Middle East energy shock against a weak economy while pledging not to let higher energy costs become persistent inflation.

US headline CPI rose 4.2% year-on-year in May, the fastest since April 2023, as the Iran-war energy shock lifted gasoline 40.5% — though core inflation stayed comparatively contained at 2.9%.

The ECB lifted its key rates by 25bp on June 11 — its first hike since 2023 — taking the deposit rate to 2.25% as the Middle East energy shock pushed euro area inflation to 3.2%.

Islamabad says a final text of a US-Iran accord has been reached and a digital signing could follow within a day, steadying equities and pressuring oil, though Tehran stresses nothing has been signed yet.

SpaceX’s historic public debut has triggered a fresh debate over Wall Street’s most familiar tech-stock shorthand, after the company opened with record-setting scale and a smooth first outing.

Reports on SpaceX’s debut showed strong first-day gains for IPO investors while crypto platforms’ tokenized-share promises ran into the practical challenge of securing the underlying stock.

Anthropic disabled access to its flagship AI models after a U.S. government export-control directive, with reports citing national security concerns behind the move.

Coverage from CNBC and MarketWatch focused on whether SpaceX remains worth buying, with the discussion framed around long-term investing and comparisons to Tesla’s earlier market history.

Shares of space-related companies slumped as a recent rally eased, with AST SpaceMobile among the names hit after SpaceX’s market debut helped trigger a broader shakeout.

Precious metals and crude were pressured by shifting expectations around Iran and by ongoing uncertainty over interest rates, with Brent falling below $90 a barrel.

U.S. equities ended the session higher, led by a 0.70% gain in the Dow, while SpaceX’s trading debut attracted attention after shares opened above the IPO price and lifted its valuation past $2.2 trillion.

SpaceX’s market debut attracted attention for the stock’s strong opening and for reports that a top House Republican’s husband held an early investment that could benefit from the deal.

Global markets held near recent gains as a successful SpaceX IPO and shifting signals around an Iran deal lifted sentiment while pushing Brent to its weakest level in more than two months.

SpaceX has entered public markets in a landmark listing, but CNBC reported the S&P 500 will not include the stock, limiting automatic index-fund exposure.

SpaceX began trading at $135 per share in a record-setting IPO and drew strong first-day gains as Gwynne Shotwell addressed long-running doubts about taking the company public.

Metaplanet has acquired Siiibo Securities in a roughly $13 million deal to secure a regulated platform for Bitcoin-linked investment products in Japan.

University of Michigan consumer sentiment rose in June and inflation expectations edged lower, though households still reported elevated price concerns.

A senior U.S. official said a deal to end the Iran war could be signed in coming days, even as Trump rejected leaked terms and uncertainty persisted.

Reports say the SpaceX IPO is in focus, with investors watching whether early enthusiasm can last and what issues may emerge next.

Reports said SpaceX’s IPO has weighed on crypto liquidity even as Bitcoin traded around $64,000 and traders watched for signs of renewed flows.

Research firm CFRA turned bearish on SpaceX, saying the reusable Starship program could slow progress across parts of the company’s business.

Reports said SpaceX priced its Nasdaq debut at $135, traded above $160 in early action and drew fresh demand through a tokenized IPO campaign on Binance.

A Standard Chartered analyst said Bitcoin’s recent drop below $60,000 may have marked the low point for the latest crypto selloff.

A federal appeals court upheld Sam Bankman-Fried’s fraud conviction, leaving the former FTX chief’s prison sentence in place while he seeks a pardon from President Trump.

Reports say SpaceX’s IPO drove a sharp move in synthetic SPCX pricing, while some tokenized share offers were canceled and participants were refunded.

Crude prices slid and risk appetite improved after multiple reports of progress toward a U.S.-Iran peace deal, while European stocks also advanced.

SpaceX shares jumped on their market debut, lifting the company’s valuation above $2 trillion and pushing Elon Musk’s fortune higher, according to reports.