Tag: Wall Street
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Oil falls as US waives Iranian sanctions and Nasdaq tumbles
NEW YORK: Crude prices fell Monday (Jun 22) after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech giants.US Vice President JD Vance said a
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Can anyone join Musk in the trillionaire club? Zuckerberg has best shot, according to prediction markets
The Meta CEO is seen as next to join the Tesla and SpaceX CEO. Nvidia CEO Jensen Huang is seen as the second-most-likely.
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Dan Niles says he’s backing away from hyperscalers, trimming chip stocks
‘I kind of see a speed bump coming,’ the investor said.
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Iran reportedly closes Strait of Hormuz again, casting shadow over nuclear talks
Iran’s joint military command said the closure was in response to continued Israeli military operations in Lebanon.
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US stocks resume upward climb as dollar advances again after Fed outlook
NEW YORK: Wall Street stocks bounced Thursday (Jun 18), pivoting back to buying mode after the pullback in the prior session prompted by a Federal Reserve policy outlook that signalled po
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Next week’s inflation data just got even more important. Here’s what’s ahead for the market
Investors will now laser in on any signs that the central bank could hike interest rates against a backdrop of a buoyant stock market.
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The average SpaceX buyer post-IPO is almost under water after two-day slide
Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
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Here are the odds of SpaceX becoming the world’s most valuable company
SpaceX debuted as the fifth-biggest stock. The path to third place could take years, at least according to options prices.
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US stocks fall, dollar rallies as Fed raises inflation forecast
NEW YORK: Wall Street stocks finished decisively lower Wednesday (Jun 17) while the dollar rallied after the Federal Reserve raised its inflation forecast and projected an interest rate hike by year-end.The US central bank, as expected,
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Jeffrey Gundlach says Fed’s Warsh is not going to be the ‘easy money’ chairman many hoped for
Gundlach said Warsh’s stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.
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