Market news archive — page 40

Bitcoin trades around $59,800 amid a week traders expect to be pivotal, with derivatives risks and a shift in sentiment weighing on valuations, while related crypto assets move differently.

Apple contemplates shifting memory supply to China to ease shortages, as concerns over memory costs dampen Asian Apple suppliers and broader tech sentiment.

As Europe’s MiCA transitional period ends, regulators urge unauthorized crypto firms to wind down, while regional markets continue to tighten oversight and expand licensed activity in Dubai’s crypto sector.

BT Group and Verizon announce a 50/50 joint venture to combine their international enterprise operations, prompting BT to revise its annual outlook downward.

Reports say Baidu's AI chip unit Kunlunxin plans a Hong Kong listing aimed at a roughly $50 billion valuation, while autonomous-driving firm Momenta looks to raise up to $751 million in the same market.

EUR/USD faced renewed selling pressure as the pair neared a major support zone, with traders weighing Fed hawkish signals, speeches cited by Sintra, and looming NFP risk amid a busy week for currency markets.

China names twenty Japanese entities in a dual-use export control move, while authorities stress normal bilateral trade remains unaffected, limiting near-term spillover to the broader relationship

Analysts weigh RSI divergences against expectations of further downside as proponents argue the traditional halving cycle has shifted, signaling a potential 2022-style bottom for Bitcoin.

Gold falls on renewed U.S.-Iran strikes while oil gains amid renewed concerns about Middle East crude supply and regional disruption

South Korea plans a sweeping AI and semiconductor investment program, a mega-plan reported to total roughly $651 billion and involve major tech firms, signaling a long-term boost for global supply chains

Oil futures edged higher as renewed U.S.-Iran air activity raised tensions near the Persian Gulf, with investors eyeing developments in Qatar-led regional talks and the potential impact on supply routes.

Oil prices rise after renewed U.S. strikes on Iran targets, while stock futures hold steady amid mixed weekly performance and sector rotation

Wall Street analysts are increasingly optimistic that SpaceX could outrun Nvidia in long-term valuation, with some targets implying a substantial upside beyond today’s levels

Saudi Aramco confirms a helicopter crash in Saudi Arabia resulted in the death of 14 nationals, with the company and state media noting the incident as investigation proceeds while oil operations at Ras Tanura resume after a four-month halt

Bitcoin breaches the $60,000 level amid fading momentum, with rate-hike expectations and persistent ETF outflows cited as key pressures, according to Nasdaq and BabyPips reports.

Tesla finalizes its AI5 chip blueprint, while broader chip sector pressures and rate-hike concerns weigh on the Nasdaq 100, amid reports of external geopolitics impacting tech stocks.

Prime Day activity points to cautious spending amid inflation, with higher-year purchases seen in durable goods as shoppers buy longer-lasting items

CVS Health unveils a program to broaden GLP-1 medicine access at its nationwide pharmacy network, with a prominent analyst noting the move could be a positive factor for the stock.

A group of U.S. senators urged the CFTC to open a probe into Polymarket amid allegations of deceptive marketing and scrutinized the agency’s enforcement reach over social-media activity

Reports indicate SpaceX is set for Nasdaq-100 inclusion under a fast-track framework, potentially triggering passive fund buying as investors reassess index composition.

U.S. government authorities reportedly permitted Anthropic to release its Mythos AI model to a limited set of companies and government entities, with parallel reporting that OpenAI’s GPT-5.6 rollout is restricted to a subset of users due to government action.

SpaceX launched a $25 billion bond deal less than two weeks after its IPO, with reports of substantial demand and questions about what the interest signals for AI-focused investors.

U.S. Secretary of State Marco Rubio outlined a framework for ending hostilities in Lebanon, linking a ceasefire to Hezbollah’s agreement to halt actions, while balancing Israel's security with Lebanon's sovereignty.

Securitize, backed by BlackRock, expects its market debut via a merger with a blank-check firm and trading under SECZ next week, as markets brace for a notable close to the period covered.

Trilateral talks mediated by the United States in Washington led to a framework agreement between Israel and Lebanon, with the parties signaling that further work remains before full implementation.

EDF signs an agreement to divest its North American power solutions business in the United States and Canada, with KKR committing to acquire following a competitive bidding process

OpenAI is restricting access to its latest AI models to trusted partners after a government request, with the firm noting it previewed the capabilities with authorities before the launch.

OpenAI delays public rollout of GPT-5.6 amid reports that the US administration is seeking early access to frontier AI models.

U.S. President signals a sweeping 100% tariff in response to Digital Services Tax plans by European countries on American companies, suggesting the tariff would override existing trade agreements

SpaceX has told investors it plans to launch a Starlink-branded mobile service for US consumers, the FT reported, a shift from its supplemental carrier-partnership model that would pit it against Verizon, AT&T and T-Mobile, underpinned by nearly $20 billion in spectrum purchases.

Banca Ifis shares plunged and were halted in Milan after the Italian lender cut its 2026 net profit guidance to €100-110 million from €170-190 million, launched a sale of its roughly €1.5 billion non-performing loan business, and booked about €70 million in provisions tied to a Bank of Italy inspection.

Polymarket said attackers drained about $2.9 million from at least 11 users after compromising a third-party vendor and injecting a malicious script into its website front end; the platform contained the breach, removed the dependency and pledged full refunds.

SK Hynix filed to list ADRs in the US around July 10 at an indicative $166 a share, aiming to raise about $29 billion, with HSBC seeing roughly 20% upside as a US listing could help the HBM leader narrow its long-standing valuation gap with Micron.

SBI Holdings agreed to buy crypto exchange Bitbank for about $289 million, a deal that would give it roughly $6.8 billion in custodied assets and make it Japan's largest crypto exchange operator, as looming reclassification of crypto under securities law drives industry consolidation.

UBS lifts its dollar outlook, signaling a stronger greenback through the second half of 2026 and projecting further weakness in the euro and yen, according to multiple outlets reporting the bank's revised forecasts.

Polymarket’s annualized revenue reportedly surpassed $1 billion just weeks after launching its U.S. exchange, with World Cup trading and the end of the U.S. waitlist cited as key drivers.

Analysts flag AI-driven growth across Nvidia, Alphabet, TSMC and Robinhood, with BTIG initiating Robinhood at Buy and Nvidia’s CFO referencing catalysts from the Q1 2027 call

A veteran market observer cautions that upbeat profit expectations may precede a pullback, even as traders price in a higher probability of future Federal Reserve rate hikes.

Binance will suspend some services for European users after withdrawing its MiCA license application, highlighting the bloc’s licensing deadline for crypto firms

Shipping through the Strait of Hormuz shows signs of revival a week after an interim U.S.-Iran agreement, but confidence remains fragile amid security concerns and broader regional statements.

The US dollar strengthened through June as a steady-but-hawkish Federal Reserve outweighed a rate-hiking European Central Bank, leaving the euro and sterling on the back foot.

Volkswagen CEO Oliver Blume aims to cut up to 100,000 jobs worldwide over the coming years and trim investment by about 15% to just over €130 billion, Manager Magazin reported — a major escalation of a restructuring already targeting 50,000 German cuts by 2030. VW declined to comment.

May 2026 ECB Consumer Expectations Survey signals lower near-term inflation expectations and a more favorable growth outlook for the euro area.

CoinEx rejected a TRM Labs report alleging it served as the main external conduit for sanctioned Iranian crypto, with over $3.84 billion in flows since 2019, saying on-chain flows don't prove knowledge or participation and that it has exited Iran-related exposure.

Carlos Ghosn said shareholder calls for his return to Nissan reflect deep anger over failed turnaround efforts, citing an 80% share-price drop and halved sales since 2018, after a proposal to reinstate him failed; Nissan dismissed the "speculative remarks" and cited turnaround progress.

All 32 large US banks passed the Fed's 2026 stress test, staying above minimum capital levels despite a hypothetical recession generating over $708 billion in losses; with capital requirements frozen until 2027, JPMorgan led payouts by lifting its dividend and adding a $50 billion buyback.

The IAEA has access to Iran's nuclear sites under an interim arrangement, with the agency hoping to visit soon and monitor compliance amid broader talks

European stocks are set for a softer open as delayed AI catalysts and ongoing bets on tighter Fed policy underpin a cautious mood, while gold trends lower on a firmer dollar and renewed rate-hike expectations

Tokyo’s core consumer price index rose further in June, underscoring strengthening underlying inflation ahead of Japan’s upcoming central bank policy meeting.

Nasdaq Composite declines amid tech-led weakness, while Amazon signals a bold move into big-box retail with a Chicago-area superstore plan, signaling potential longer-term retail and market implications.