Market news archive — page 51

Oil whipsawed on June 19, dipping then recovering as Israel and Hezbollah agreed a ceasefire while US-Iran follow-up talks in Switzerland were abruptly called off — with Brent near $80 and WTI near $77, both down more than 8% on the week as Hormuz supply resumes.

An original analysis: Brent's plunge below $80 prices the end of the war, but reopening the Strait of Hormuz is likely to be gradual, with damaged Gulf infrastructure and the need to rebuild depleted inventories (US reserves at a 43-year low) potentially keeping crude near $100 — meaning the road back may be far bumpier than the crash suggests.

An original analysis: nearly every major central bank has turned hawkish under the energy shock, yet the dollar hit a two-month high after the Fed's hawkish hold while the yen slid toward intervention territory despite the BOJ's hike to 1% — because FX is a relative game, and the Fed is hawkish from the strongest position.

Nasdaq reports Elon Musk’s SpaceX targets $1 trillion in revenue by 2030, while CNBC notes the company’s post-debut stock activity and the scale of Musk’s stake

An original analysis: oil has collapsed below $80 as the US-Iran war premium unwinds, a fundamentally disinflationary turn — yet the Fed just turned more hawkish at Warsh's debut, flipping its dot plot toward hikes. That widening gap between fading energy prices and defensive policy is the defining tension of mid-2026.

Canadian space technology group MDA Space to purchase Blue Canyon Technologies from Raytheon Technologies for $620 million in cash, broadening its spacecraft capabilities.

Canada's April retail sales rose modestly, with core spending weak while the UK posted a stronger May gain, underscoring divergent consumer trends across the two economies.

Franklin Templeton files for two ETFs that reinvest dividends from U.S. stocks into Bitcoin, creating a dividend-into-crypto vehicle.

Goldman Sachs cut its year-end gold forecast by $500 to $4,900, citing a hawkish Federal Reserve and doubts over near-term rate cuts.

Microsoft disclosed a malware campaign that hijacks crypto wallets by exploiting USB drives, intercepting shortcuts, and harvesting clipboard keys to divert transfers

European and Asian shares turned cautious and US futures eased as uncertainty around US-Iran peace talks and a US holiday reduced trading conviction.

Algorand says it is developing new account and consensus designs aimed at withstanding quantum-computing risks by the end of 2027.

Indian technology shares fell sharply after Accenture lowered its revenue guidance, renewing concerns about demand and growth in the sector.

Markets turned cautious after Vice President JD Vance cancelled a planned Iran trip, prompting a move higher in oil and the U.S. dollar as traders reassessed the durability of the ceasefire and deal process.

MSCI’s latest market review has again highlighted concerns about transparency in Indonesia, according to reports from CNBC and Investing.com.

Pfizer fell after a CFO transition announcement prompted investors to reassess leadership continuity and the company’s visibility into its 2026 outlook.

Japan’s May consumer inflation data were broadly in line with expectations, with the core measure steady while headline inflation rose slightly and the core-core gauge eased.

The U.S. Commodity Futures Trading Commission has finalized a ban that bars convicted Celsius founder Alex Mashinsky from trading in CFTC-regulated markets or registering with the agency.

Hsiao-Wei Wang has left the Ethereum Foundation, extending a recent wave of senior departures and renewing questions around governance and the network’s direction.

Alphabet’s Waymo is recalling 3,871 U.S. robotaxis after a software problem was found that could allow some vehicles to enter closed freeway construction zones.

The U.S. dollar extended its rise to a more than one-year high after the Federal Reserve kept a hawkish tone, pressuring the Canadian dollar and weighing on the TSX.

CME Group has sued the U.S. commodities regulator over its handling of perpetual futures, in a case that also touches on how crypto-linked derivatives are classified.

Shares of SpaceX fell after an initial surge following the company’s IPO, signaling that the early rush of investor demand is easing.

Vice President JD Vance defended the Trump administration’s Iran arrangement, saying any resources would depend on full compliance as a 60-day period under the deal begins Thursday.

Federal regulators are backing a push to speed electricity connections for AI data centers, while states and grid operators warn the move could weaken their authority.

Shares of memory-chip makers rose after reports that Apple acknowledged higher memory costs, reinforcing signs that supply remains tight despite industry efforts to expand output.

Nasdaq said SpaceX has joined a small group of mega-cap names valued at $2 trillion or more, while CNBC reports the stock was also among the names drawing analyst attention and premarket movement.

Fresh U.S. data showed a firmer Philadelphia manufacturing reading in June and a modest decline in weekly jobless claims, with both reports broadly matching expectations.

Weekly US claims data showed fewer new filings than expected, while continuing claims rose modestly and prior readings were revised slightly higher.

HIVE Digital’s stock climbed after the company announced a $220 million GPU cloud agreement tied to Canada’s AI infrastructure buildout.

The FTSE 100 moved lower after the Bank of England kept rates unchanged at 3.75%, while energy and mining shares came under pressure from softer commodity prices.

KBW upgraded CME Group after reports it will sue the CFTC over bitcoin perpetual futures, arguing concerns around the products are overstated.

Pfizer said finance chief Dave Denton will leave on August 15 for an opportunity outside pharmaceuticals, with Cecile Guegan set to serve as interim CFO.

The Strait of Hormuz is moving toward reopening after a peace deal, but analysts say shipping backlogs and security checks could keep oil flows disrupted for some time.

Bitcoin held near $64,000 after hawkish comments from new Fed Chair Kevin Warsh triggered a wider sell-off in risky assets, while some analysts pointed to $60,000 as a possible floor.

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.

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.

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.

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.

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.

French cybersecurity authorities plan to stop certifying products without quantum-resistant encryption from 2027, with broader adoption of the standard targeted for 2030.

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.

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.

Traders weighed a US-Iran peace deal, hawkish Fed signals and the possible market impact on energy, safe-haven assets and defense shares.

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.

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.

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.

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.

The Federal Reserve kept its benchmark rate unchanged, but updated projections and a shorter policy statement signaled a more hawkish outlook.

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.