A monthslong calm on Wall Street is breaking on Friday, and U.S. stocks are tumbling after President Donald Trump threatened to crank tariffs even higher on China. The S&P 500 fell 1.5% and was on track for its sharpest loss since Aug. 1. The Dow Jones Industrial Average was down 456 points, or 1%, as…
Kraken has completed a $500 million funding round at a $15 billion valuation, with plans for a 2026 IPO. Kraken has completed a $500 million funding round at a $15 billion valuation, a milestone that puts the cryptocurrency exchange on course for a targeted 2026 initial public offering (IPO). The development comes as several crypto…
Asian stocks traded in a tight range at the open after losses on Wall Street as signs of fatigue crept into the AI-fueled equity rally. Shares in Japan and Australia edged up while those in South Korea retreated. The S&P 500, Nasdaq 100 and a gauge of global stocks each dropped 0.3% Wednesday, extending declines…
The Dow Jones jumped over 400 points on Wednesday after the U.S. Federal Reserve cut interest rates by 25 basis points and indicated more cuts while flagging slower job gains and risks to employment as policymakers face heightened pressure under President Donald Trump. At 2:08 p.m. ET, the Dow Jones jumped 450.24 points, or 0.98%,…
The blue-chip Dow briefly hit a record high on Friday, as UnitedHealth’s shares jumped after Berkshire Hathaway raised its stake in the health insurer, while investors assessed mixed data to gauge the Federal Reserve’s monetary policy path this year. UnitedHealth Group gained 11.6% to hit a more than two-month high after Warren Buffett’s company revealed…
Investors are bracing for a busy earnings week, with more than 100 S&P 500 companies reporting results and the first of the tech giants, Alphabet and Tesla, set to take center stage midweek. Monday’s early reports painted a mixed picture, but optimism about broader corporate performance and easing bond yields helped push major indexes higher….
Nasdaq listed Wolfspeed shares has rallied 180% over the last two sessions. The spike in Wolfspeed’s stock prices comes on the back of a leadership shake-up as the company named Gregor Van Issum as its new Chief Financial Officer and Executive Vice President on Monday. His term is effective from September 1, 2025 according to…
Wall Street‘s main indexes were mixed on Wednesday as an Israel-Iran ceasefire appeared to be holding and investors parsed remarks from Federal Reserve Chair Jerome Powell during the second day of his congressional testimony. The benchmark S&P 500 index was steady for the day, hovering about 0.9% below its record peak. The tech-heavy Nasdaq was…
Wall Street rallied on Monday as prospects of the U.S. Federal Reserve cutting interest rates as early as July offset uncertainty about escalating turmoil in the Middle East. All three major U.S. stock indexes closed sharply higher. Consumer discretionary stocks led the sector gainers, with a solid boost from Tesla. “The rally is a bit…
U.S. stock indexes fell sharply following the Federal Reserve‘s decision to hold rates steady, even as a steep decline in shares of Google-parent Alphabet weighed heavily on the Nasdaq. The Dow Jones was up 64.77 points or 0.16% to 40,893.77, down about 300 points from day’s high, while the S&P 500 fell 20.73 points or…