Market news archive — page 46
Every brief published by the FXMARE News Desk, newest first — 2,434 articles.
- MarketsAsian equities push higher as chipmakers and Japan hit record levels
Markets in South Korea, Taiwan and Japan rose to record or all-time highs, with semiconductor shares drawing attention after Apple flagged higher chip costs.
- EconomyIntel jumps after Trump says Apple will work with it on U.S. chip production
Intel shares rose sharply after President Donald Trump said the company would work with Apple on chip production in the United States, adding to a recent recovery in the stock.
- EconomyFed chair Warsh keeps rates steady as markets react to hawkish shift
The Federal Reserve left interest rates unchanged at its first meeting under Kevin Warsh, but markets moved lower after reports said the new chair signalled a sharper policy stance and ended traditional forward guidance.
- EconomyHawkish Fed tone lifts dollar-yen and splits global markets
A more hawkish Federal Reserve outlook revived talk of another U.S. rate hike, pushing USD/JPY to a two-year high and leaving global stocks and bonds with mixed reactions.
- CryptoBitcoin and ether fall as hawkish Fed stance offsets stock gains on Iran deal
Digital assets weakened after the Federal Reserve held rates but signaled greater concern over inflation, even as Asian equities rose and some currencies steadied on news of a US-Iran peace deal.
- CryptoFrance plans to end certification for products lacking quantum-resistant encryption
French cybersecurity authorities plan to stop certifying products without quantum-resistant encryption from 2027, with broader adoption of the standard targeted for 2030.
- ForexFed Holds Rates Steady as Warsh’s Hawkish Tone Lifts the Dollar
The Federal Reserve left policy unchanged for a fourth straight meeting, but a hawkish message from new Chair Warsh prompted traders to reprice the outlook and pushed the dollar higher.
- MarketsGoogle Gemini co-lead Noam Shazeer departs for OpenAI
Noam Shazeer, a Google vice president of engineering and co-leader of Gemini AI models, is leaving the company to join OpenAI, according to reports.
- CommoditiesMarkets react to Iran peace deal as oil eases and gold gains
Traders weighed a US-Iran peace deal, hawkish Fed signals and the possible market impact on energy, safe-haven assets and defense shares.
- MarketsCME plans legal challenge to CFTC over approval of perpetual futures
CME Group will sue the U.S. commodities regulator after it approved perpetual futures, according to outgoing CEO Terrence Duffy in comments reported by CNBC and Investing.com.
- EconomyApple flags price increases as AI demand drives up memory chip costs
Apple said higher component costs tied to the AI-driven rush for memory chips are leaving it with little room to absorb expenses, making price increases likely.
- MarketsSpaceX adds Roelof Botha to board, extending PayPal-era ties
Roelof Botha, a longtime Elon Musk associate from PayPal who later became a venture capitalist, is joining SpaceX’s board and its audit committee, according to reports.
- EconomyWarsh’s first Fed meeting signals continuity on rates and change inside the central bank
Kevin Warsh’s first meeting as Fed chair kept interest rates unchanged, but his initial moves and public signals suggest a broader effort to reshape the central bank’s structure and priorities.
- EconomyFed holds rates steady as projections point to a hike in 2026
The Federal Reserve kept its benchmark rate unchanged, but updated projections and a shorter policy statement signaled a more hawkish outlook.
- EconomyFed holds rates steady as traders watch Warsh's first press conference
The Federal Reserve left rates unchanged in its first decision under Chairman Kevin Warsh, while markets looked ahead to his debut press conference for clues on how communication may shift.
- EconomyJetBlue to trim Newark and LaGuardia operations as Fort Lauderdale focus grows
JetBlue is set to reduce its presence at Newark Liberty and New York’s LaGuardia while continuing to build out its operations in Fort Lauderdale, according to CNBC.
- CryptoIllinois budget adds 0.2% tax on digital asset activity, drawing crypto industry criticism
Illinois has moved to tax business activity involving digital assets at 0.2% in its state budget, a last-minute change that industry critics say could hit crypto users and firms in the state.
- MarketsStrait of Hormuz threat level eased after Iran deal, maritime group says
A U.S.-led maritime security center said risk around the Strait of Hormuz has been downgraded after a deal involving Iran, as reports pointed to calmer behavior by Iranian forces.
- StocksU.S. business inventories rise in April, matching forecasts
Commerce Department data showed U.S. business inventories increased in April as expected, while sales growth moderated and the inventory-to-sales ratio edged lower.
- StocksU.S. pending home sales rise far more than expected in May
A National Association of Realtors report showed U.S. pending home sales increased sharply in May, outpacing expectations after April’s reading was revised lower.
- StocksAllbirds deepens AI pivot with rebrand and new CEO appointment
The footwear company is moving further away from shoes and into AI infrastructure, while naming a former AWS executive as chief executive and sending shares sharply higher.
- StocksBitGo shares rise after $50 million buyback as stock remains well below IPO level
BitGo’s stock climbed after the company announced a $50 million share repurchase program, even as the shares remained about 65% below their IPO price amid weaker crypto sentiment.
- EconomyWarsh’s first Fed meeting seen as a communication test, not a rate move
Markets are watching Kevin Warsh’s first Federal Reserve meeting for signs of a shift in how the central bank communicates, while traders expect policy to stay unchanged.
- StocksU.S. Retail Sales Top Forecasts in May as Consumer Demand Holds Up
U.S. retail sales rose far more than expected in May, with broad measures of spending also beating forecasts in a Commerce Department report.
- StocksGenco Shipping rises after Diana Shipping lifts takeover bid
Diana Shipping raised its offer for the rest of Genco Shipping, sparking a jump in Genco shares as investors weighed the revised acquisition proposal.
- EconomyCME names Lynne Fitzpatrick chief executive to replace Terry Duffy in 2027
CME Group said longtime chief Terry Duffy will hand over the CEO role to CFO Lynne Fitzpatrick in 2027 as part of a planned leadership transition.
- EconomyMarkets watch Warsh’s first Fed rate decision and communication test
The Federal Reserve’s latest rate meeting is drawing attention as Kevin Warsh presides over his first policy decision, with investors also watching how he communicates the outcome.
- CryptoCongressional deal on housing bill revives CBDC ban through 2030
House and Senate leaders have reached a deal on a housing bill that includes a revived provision barring the Federal Reserve from issuing a digital dollar until 2030.
- CryptoBitGo pitches MiCA-compliant platform to European crypto firms facing deadline pressure
BitGo is seeking to attract European crypto businesses that need to adapt to MiCA rules, offering a regulated infrastructure option as licensing deadlines approach.
- StocksBMW profit warning hits European car stocks as China slowdown weighs
BMW’s lowered profit outlook rattled European auto shares, with investors also focusing on weaker demand in China and the fallout from the Middle East war.
- EconomyMarkets watch first Warsh-led Fed meeting as policy stays on hold
Investors are focusing on Kevin Warsh’s first Federal Reserve meeting as chair, with rates expected to stay unchanged and history suggesting new tightening cycles can weigh on stocks.
- CommoditiesIEA cuts oil demand outlook as Iran war reshapes supply and price expectations
The IEA lowered its global oil demand forecast after the Iran war disrupted supply, while oil prices hovered near three-month lows on easing tensions and supply-focused uncertainty.
- EconomyAsian shares mixed as markets wait for Fed decision and U.S. futures firm
Asian equities traded unevenly while U.S. stock futures inched higher, as investors focused on an upcoming Federal Reserve rate decision and a separate U.S.-Iran peace agreement signing.
- MarketsMarkets eye Fed messaging as June FOMC expected to keep rates steady
With no rate change expected at the June FOMC, traders are focused on the Fed’s tone, updated forecasts and how the statement could move currencies, gold and equity benchmarks.
- EconomyFTSE 100 slips as UK inflation remains unchanged in May
UK inflation held steady in May, according to the latest data, while London-listed stocks edged lower as investors assessed the implication for the outlook.
- StocksBMW trims outlook as China weakness, Middle East conflict weigh on results
BMW lowered its fiscal outlook after citing softer demand in China, the impact of Middle East conflict and a one-time charge, sending its shares lower in trading.
- ForexGlobal markets cautious as Iran truce and Fed decision keep traders on edge
Asian currencies and the dollar were subdued, European shares were set for a softer start, and gold extended gains as investors watched Iran truce details and awaited the Federal Reserve's decision.
- MarketsSpaceX options debut draws record activity after historic IPO
SpaceX’s first day of options trading followed a record-setting IPO and drew a surge of speculative positioning, with one strategist warning the contracts looked unusually costly and risky.
- EconomyBank of England set to hold on June 18, but a divided MPC keeps a rate hike in play
The Bank of England is expected to hold at 3.75% on June 18, but a divided MPC — with the chief economist already voting for a hike and softer April inflation muddying the picture — keeps the meeting live, with the May CPI due the day before as a key swing factor.
- CryptoIllinois enacts 0.2% crypto transaction tax despite fierce industry backlash
Illinois Gov. JB Pritzker signed a budget with a 0.2% tax on crypto transactions, transfers and custody, collected from digital-asset brokers and effective January 2027 — drawing fierce industry opposition that it's the most punitive such tax in the US.
- MarketsDow sets record and Nikkei tops 70,000 as oil tumbles, but markets pause before the Fed
The Dow set a record near 52,000 and Japan's Nikkei topped 70,000 for the first time as oil fell below $80 on US-Iran peace hopes — but the S&P 500 and Nasdaq slipped on a tech pullback and FX stayed muted as markets awaited the Fed's first decision under Warsh.
- MarketsGM Defense and Lockheed Martin team up to expand US weapons production
GM Defense and Lockheed Martin signed an MOU on June 16 to expand US weapons production, pairing the automaker's high-volume manufacturing with Lockheed's defense needs — prompted by a Pentagon request as Washington races to rebuild military stockpiles.
- MarketsSamsung wins more AI chip orders as TSMC's capacity crunch pushes customers to diversify
With TSMC's advanced capacity booked out on AI demand, Samsung is winning more foundry orders — reportedly from Google, AMD and BYD per Nikkei — as customers diversify; its 2nm yields and rising orders could return the loss-making foundry to profit, though it trails TSMC badly.
- MarketsYum sells struggling Pizza Hut for $2.7 billion in two deals, ending three decades of ownership
Yum! Brands is selling Pizza Hut for $2.7 billion in two deals — LongRange Capital takes the ex-China business for ~$1.5bn and Yum China the mainland operations for ~$1.2bn — ending roughly 30 years of ownership of a chain that lost ground to Domino's and delivery apps.
- EconomyIran deal said to include $300 billion investment fund, but Washington disputes the details
Reuters reports the US-Iran framework includes a $300 billion investment fund, more than half already committed — but Trump dismissed the claim and VP Vance said no US money is involved, with any financing coming from Gulf states and conditional on Iran's compliance.
- CryptoUniswap jumps 22% and altcoins rally as bitcoin stalls near $66,000 before the Fed
Uniswap surged ~22% on June 17 after Standard Chartered set a $100 long-term target, with HYPE and Solana leading a broad altcoin rally, while bitcoin stalled near $66,000 ahead of the Fed and as oil hit a three-month low.
- CryptoXRP slips below $1.23 as sellers fade the breakout, giving back recent gains
XRP slipped below $1.23 on June 17 as heavy selling erased its recent breakout, with traders fading a rally to ~$1.28 amid subdued ETF inflows and resistance at the 50-day average — part of a cautious crypto market ahead of the Fed.
- MarketsIndian shares edge higher, led by IT stocks, as oil's drop lifts sentiment before the Fed
India's Sensex rose about 0.3% to near 77,000 and the Nifty added ~0.25% on June 17, led by IT stocks, as the oil-price slide and US-Iran peace optimism lifted the oil-importing economy — though gains were capped by caution ahead of the Fed.
- MarketsXiaohongshu readies Hong Kong IPO that could value the RedNote owner above $70 billion
RedNote owner Xiaohongshu is preparing a confidential Hong Kong IPO filing by end-June, working with Goldman Sachs and CICC, and could seek a valuation above $70 billion per a WSJ report — up sharply from the ~$31bn-$50bn at which it traded privately.
- CommoditiesOil dips below $80 as US-Iran deal nears, but Hormuz uncertainty lingers
Oil slipped again on June 17, holding below $80 after Brent's 5% drop to $78.96 — its first sub-$80 close since March — as investors weighed an imminent US-Iran deal that would reopen Hormuz against uncertainty over how fast supply returns.