Market news archive — page 49
Every brief published by the FXMARE News Desk, newest first — 2,719 articles.
- MarketsOracle cut about 21,000 jobs over the past year, citing AI in its workforce reductions
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.
- MarketsApollo caps private-credit fund withdrawals as redemption requests hit 17%
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.
- MarketsGlobal tech selloff deepens as Korea's chipmakers tumble and AI-spending doubts spread
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.
- EconomyInflation data and hawkish shift push markets to price in early Fed move
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.
- CryptoCrypto declines as Nasdaq tech selloff spills into digital assets
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
- CryptoRipple wins preliminary MiCA approval in Luxembourg ahead of EU deadline
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.
- StocksGlobal tech rout deepens as chip stocks lead broader stock selloff
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.
- StocksNasdaq futures slide as tech selloff broadens; South Korea market weakens
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
- StocksFirstCash to acquire Ramsdens for GBP 206 million; shares spike
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
- StocksSpaceX’s $600 Billion Slide After IPO Sparks Market Debate
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.
- CryptoUS Senate passes housing bill with four-year ban on Fed CBDC
Legislation advancing housing affordability includes a four-year ban on the Federal Reserve pursuing a central bank digital currency until 2030, according to reports.
- EconomyNHTSA opens probe into fatal Tesla crash in Texas
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.
- CryptoTrump signs orders to boost quantum computing and cryptography development
U.S. actions to accelerate quantum computing and cryptography initiatives triggered a rally in related quantum equities after the signing of new orders.
- StocksSpaceX signs AI computing deal with Reflection AI
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.
- CryptoICE and OKX lead joint push to tokenized securities, amid patent clashes in onchain Wall Street race
Industry players report a coordinated move to bring tokenized securities to Wall Street, alongside growing patent disputes shaping the competitive landscape.
- EconomyFederal probe opened into fatal Tesla crash into Texas home
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
- EconomyTrump signs executive orders to accelerate quantum computing and quantum-resistant encryption
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.
- CryptoNew Ethereum R&D Lab Ethlabs Backed by Industry Giants
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
- StocksSenate moves housing bill to curb private-equity single-family home purchases
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.
- CryptoCrypto Industry Urges Congress to Push Tax Bill on Mining and Staking
Industry groups are lobbying the U.S. House to advance a tax bill that would clarify treatment of assets from mining and staking
- StocksSuper Micro Computer Shares Rise on Positive Analyst Coverage
Super Micro Computer advances as multiple outlets report favorable attention from an equity analyst, prompting renewed investor interest.
- CryptoOKX and ICE form joint venture led by Cuomo to bridge tradfi and crypto
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
- EconomySpaceX signs up to $6.3B computing deal with Reflection AI
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.
- CryptoBitcoin steadies near $65.5K as Iran deal weighs on oil markets
Bitcoin trades around the mid-$60k area, with potential upside toward $70k while oil slides on Iran deal uncertainties and broader macro concerns
- StocksWhatsApp chief Will Cathcart to step down, Indian founder Kunal Shah to replace
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
- CryptoBitMine adds $92 million in ETH as it closes in on 5% of supply
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.
- EconomyStrategy Doubles Down on Cash as STRC Stumble presses reserves higher
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.
- MarketsLucid to lay off about 18% of U.S. workforce, COO leaves
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.
- CommoditiesU.S. authorizes Iranian oil sales under 60-day license as peace talks proceed
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.
- StocksChevron, Microsoft strike 2.67 GW Texas gas plant for data center
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.
- EconomySpaceX launches senior unsecured notes offering after record IPO, cash pile cited
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
- StocksSpaceX Debut Highlights Ambitious TAM and Cursor AI Deal After IPO
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.
- StocksBitFuFu receives authorization for $5 million share buyback program
BitFuFu Inc. gains approval to repurchase up to $5 million of its Class A shares, lifting its stock on the buyback news
- EconomyChevron, Microsoft strike 20-year deal to power AI data center in Texas
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.
- EconomyCRH to acquire Arcosa in $8.5 billion all-cash deal
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.
- StocksCRH to buy Arcosa for $150 a share in cash
CRH to acquire Arcosa, with cash offer of $150 per share, a deal valued around $8 billion according to reports.
- StocksAI stock showdown: Broadcom vs Marvell as big-tech bets emerge
Analysts weigh Broadcom and Marvell as AI stock options, while MarketWatch notes Alphabet and Microsoft as comparatively safer bets in the AI race
- MarketsIPO Pipeline Risks Highlighted by SpaceX and OpenAI Debut Speculation
Market watchers warn that upcoming US equity issuances, led by high-profile tech names, could intensify a historically volatile IPO cycle.
- MarketsAbbVie to acquire Apogee Therapeutics for $10.9 billion in immunology push
AbbVie has agreed to purchase Apogee Therapeutics for $10.9 billion as part of a strategic expansion in next-generation immunology therapies.
- EconomyAlan Greenspan dies at 100, former Fed chair who steered policy for 19 years
Former Federal Reserve chairman Alan Greenspan has died at age 100, ending a long tenure that spanned nearly two decades under four presidents, and leaving a lasting imprint on central-bank discourse.
- MarketsVance says progress in U.S.-Iran talks as inspectors return
According to reports, U.S. and Iran discussions in Switzerland produced progress, with Tehran agreeing to reallow IAEA inspections and outlining a plan to keep the Strait of Hormuz open through coordinated mechanisms
- StocksIndia stocks close higher as Nifty advances after five-day rally pause
Indian equities retraced after a five-day winning streak, with the Nifty 50 modestly higher and gains led by technology, healthcare and energy shares, according to multiple outlets.
- ForexBoE eases stablecoin rules with 40 billion-pound issuance cap
The Bank of England moves to ease rules for systemic stablecoins, replacing holding limits with a 40-billion-pound issuance cap and offering favorable terms ahead of a 2027 market launch.
- EconomyMarkets face hurdles as Fed under Warsh signals limited rescue and liquidity risks
Two major outlets report that the Fed under Warsh will not provide a rescue framework for markets, while concerns about liquidity persist, shaping an unsettled outlook for equities and risk assets
- MarketsTencent tests AI assistant within WeChat to expand AI services
Tencent has begun testing an artificial intelligence assistant inside WeChat, aiming to leverage China’s most popular messaging app to broaden its AI services and close the gap with rivals.
- StocksTesla slips as analysts turn cautious on the robotaxi ramp ahead of Q2 results
Tesla shares slid as Jefferies warned its robotaxi and humanoid push would initially weigh on profits ahead of July 22 results, while Wolfe Research flagged a disappointing autonomy ramp — refocusing the market on the unproven AI bets that underpin Tesla's valuation.
- StocksTake-Two climbs as Grand Theft Auto VI pre-orders set to open June 25 ahead of November launch
Take-Two shares have rallied as Rockstar confirmed Grand Theft Auto VI pre-orders open June 25 ahead of a November 19 release, putting a firm date on what analysts expect to be one of the biggest entertainment launches ever — though the stock's run-up leaves room for disappointment.
- EconomyTD to monitor some staff with workplace software, reigniting privacy debate in banking
Toronto-Dominion Bank plans to run WorkiQ tracking software for staff in its financial-crime and risk unit, logging time in browsers, chat and meeting tools — a productivity drive that has stirred privacy and consent concerns as workplace monitoring spreads across finance.
- StocksMicron's June 24 results loom as the AI memory boom tests the bull case
Micron reports fiscal Q3 results on June 24, with guidance near $33.5 billion in revenue and roughly 81% gross margins as a high-bandwidth-memory boom for AI reshapes the business — a print widely seen as a key test of whether the memory supercycle is structural or cresting.
- CryptoEthereum layer-2 Taiko halts block production after $1.7m bridge exploit
Ethereum layer-2 Taiko halted block production and urged users to exit all its bridges after a chain-state verification flaw let an attacker forge bridge messages and drain about $1.7 million — the latest in a June marked by more than 20 crypto hacks.