Market news archive — page 43

Korn Ferry reported Q4 fee revenue of $759.8 million and adjusted EPS of $1.40, beating estimates and topping the year-ago quarter, as the consulting firm logged a fifth straight quarter of top-line growth led by professional search and interim staffing.

CVR Energy promoted CFO Dane Neumann to president and CEO of the refiner and its fertilizer affiliate CVR Partners, effective June 18, after Mark Pytosh resigned for personal reasons; Neumann, a long-time insider, signaled a focus on operational continuity.

ECB chief economist Philip Lane described the central bank's recent rate increase as a measured, calibrated response to a mid-sized inflation shock rather than the start of an aggressive cycle, as euro-area inflation holds above 3% and markets price at least one more hike this year.

Accenture raised its fiscal 2026 share-repurchase program by $2 billion to a total of $7.5 billion — a 62% jump year-over-year — saying its shares don't reflect the company's strength; the stock rose about 2% after a post-guidance selloff.

Vedanta's CopperTech Metals is targeting roughly a $3.6 billion valuation in a planned NYSE IPO under the ticker CUX to fund a $2.7 billion expansion of its Zambian copper operations, though auditors have flagged going-concern doubts about its flagship Konkola mine.

Bitcoin fell about 2.5% to near $62,300, an 11-day low, and Ether dropped over 4% as a global tech-stock rout spilled into crypto, wiping out roughly $717 million in leveraged positions amid AI-valuation doubts and hawkish-Fed fears.

Gold fell about 1.5% toward $4,120 an ounce as Deutsche Bank cut its forecasts by up to 22% — to $4,300 for Q3 and $4,800 for year-end — citing a hawkish Fed repricing, a firm dollar and gold-ETF outflows, while noting central-bank buying still offers support.

Qualcomm is reportedly in advanced talks to buy AI-infrastructure software startup Modular at about a $4 billion valuation — more than double its prior funding mark — in another step in CEO Cristiano Amon's push into data centers, though no deal is finalized.

JPMorgan upgraded IBM to overweight and raised its target to $291, arguing the market underestimates the durability of its higher-margin software business, as a White House shout-out to IBM's CEO added to a premarket bounce.

NHTSA opened a special crash investigation into a fatal June incident in Katy, Texas, where a Tesla Model 3 crashed into a home and killed a woman inside after the driver said its automated system was engaged — adding to scrutiny of Tesla's driver-assistance tech amid a 3.2-million-vehicle recall probe.

The European Parliament's ECON committee backed the digital euro in a June 23 vote, advancing the legislation toward a July plenary vote and trilogue talks, with agreed compromises on online and offline use and fees — landing the same week as a US Senate vote to ban a Fed digital dollar.

THORChain restarted trading more than a month after a mid-May exploit drained about $10.7 million from one of its vaults, following security patches, a vault-quarantine mechanism and a recovery plan that covered losses from protocol reserves rather than by minting new tokens.

Heineken named JDE Peet's chief Rafael Oliveira as its next CEO, an outsider hire effective October 1 pending shareholder approval, tasked with reversing a slump in beer sales; shares rose about 2% as analysts welcomed the pick.

Ripple received a preliminary MiCA crypto-services (CASP) license from Luxembourg's CSSF, which, once finalized and combined with its EU e-money license, would let it offer crypto and stablecoin payments across all 30 EEA countries via passporting — just before MiCA's July transition deadline.

The US Senate passed the 21st Century ROAD to Housing Act 85-5, attaching a four-year ban on a Federal Reserve digital dollar through 2030 — with a stablecoin carve-out — even though the Fed has no active CBDC project; the bill now heads to the House.

Oracle disclosed in its annual filing that it cut about 21,000 jobs over the past year — roughly 13% of staff — citing AI adoption among the reasons, with $1.8 billion in restructuring costs, as tech-sector layoffs tied to AI mount in 2026.

Apollo capped redemptions at 5% in its $26 billion Apollo Debt Solutions fund after investors sought to withdraw about 16.8%, the latest in a series of private-credit gating moves in 2026 that has revived concerns over liquidity in the fast-growing sector.

A global tech selloff intensified on Tuesday as South Korea's Kospi plunged about 10% and chip giants SK Hynix and Samsung fell more than 12%, with AI-valuation doubts and hawkish-Fed rate fears dragging futures and European tech sharply lower.

Investors and traders reeled from hotter inflation signals and a hawkish Fed stance, leading to a repricing of rate expectations ahead of key PCE data and the prospect of an earlier policy move.

A broad tech downturn in U.S. equities weighed on crypto, with bitcoin and ether falling as liquidations intensified losses across altcoins amid sharp moves in Asian markets

Ripple secures preliminary CASP approval in Luxembourg, paving the way to offer its stablecoin payment systems in the EU under MiCA rules ahead of the July 1 deadline.

Tech-led declines spread from a negative Wall Street session to global markets, with chipmakers among the hardest hit as rate concerns and AI valuation fears weigh on sentiment.

Tech-led declines in U.S. futures weigh on broader markets, with reports of Alphabet and SpaceX losses; spillover appears to extend to South Korea as a risk-off mood broadens

FirstCash Holdings to buy Ramsdens Holdings for about GBP 206 million, triggering a sharp rally in Ramsdens’ stock and signaling a strategic shift for the pawnbroking and retail group

SpaceX’s share decline after its IPO and bond sale sparked discussions about valuation, market impact on crypto, and whether the rally has room to run.

Legislation advancing housing affordability includes a four-year ban on the Federal Reserve pursuing a central bank digital currency until 2030, according to reports.

U.S. safety agency launches a special investigation into a fatal Tesla Model 3 crash in Katy, Texas, as authorities seek to determine the causes and potential safety implications.

U.S. actions to accelerate quantum computing and cryptography initiatives triggered a rally in related quantum equities after the signing of new orders.

SpaceX has sealed an AI computing agreement with Reflection AI, signaling a deeper foray into artificial intelligence infrastructure according to reports from Nasdaq and Investing.com.

Industry players report a coordinated move to bring tokenized securities to Wall Street, alongside growing patent disputes shaping the competitive landscape.

U.S. federal authorities have opened an investigation into a fatal crash involving a Tesla Model 3 that struck a Texas home, after authorities said the driver referenced partially automated driving systems

U.S. president signs two executive orders aimed at expanding quantum computing capabilities and expediting the shift to quantum-resistant encryption, signaling a push to bolster national tech leadership and security.

Industry-backed Ethereum research and development lab Ethlabs forms with support from major holders and ConsenSys' Joe Lubin as the network’s development moves beyond the Ethereum Foundation

Senate is preparing to advance a broad housing package aimed at limiting private-equity purchases of single-family homes to boost supply and affordability, with analysts noting it will take time to meaningfully affect the market.

Industry groups are lobbying the U.S. House to advance a tax bill that would clarify treatment of assets from mining and staking

Super Micro Computer advances as multiple outlets report favorable attention from an equity analyst, prompting renewed investor interest.

OKX and Intercontinental Exchange announce a joint venture to connect traditional finance and crypto markets, with former New York governor Andrew Cuomo co-chairing the effort and regulatory approvals still pending

SpaceX has reportedly inked a computing-power agreement with Reflection AI worth up to $6.3 billion, reinforcing its Colossus data center as a commercial platform for AI workloads.

Bitcoin trades around the mid-$60k area, with potential upside toward $70k while oil slides on Iran deal uncertainties and broader macro concerns

Meta Platforms' WhatsApp leadership is changing hands, with Will Cathcart stepping down and Indian fintech founder Kunal Shah set to take the helm, according to CNBC and Investing.com reports

BitMine, led by Tom Lee, expanded its Ethereum treasury by $92 million, bringing its stake to near 5% of the circulating supply, with the pace of purchases reportedly easing while the overall trajectory remains intact.

Strategy expands its cash buffer to $1.4 billion after a setback linked to STRC, while also bolstering bitcoin holdings and signaling steadier support for preferred-share dividends.

Lucid Group plans to cut roughly 18% of its U.S. workforce as part of a broader cost-savings push, with COO Marc Winterhoff departing effective immediately.

The Treasury Department issued a temporary license allowing Iran to sell oil for a limited period, with the move coming amid ongoing discussions on a final peace accord.

Chevron’s unit and Microsoft have agreed to build a 2.67-gigawatt natural gas plant in West Texas to power a Microsoft data center project, according to reports from Nasdaq and Investing.com.

SpaceX pursued a senior unsecured notes offering shortly after reporting a sizable cash hoard and a record IPO, with analysts voicing valuation concerns ahead of the bond launch

SpaceX’s public listing coincides with a $60 billion Cursor AI deal and a claimed $28.5 trillion total addressable market, fueling a week of notable market activity for the newly public company.

BitFuFu Inc. gains approval to repurchase up to $5 million of its Class A shares, lifting its stock on the buyback news

A long-term agreement will supply natural gas to fuel a Microsoft data center in Texas, reflecting Microsoft’s continued use of fossil fuels to meet rising demand from its AI infrastructure.

CRH announced a cash-based acquisition of Arcosa, valuing the infrastructure-focused company at about $8.5 billion, expanding its portfolio in infrastructure-related products.